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Understanding Risk Management Strategies as a PayFac

Stax

Not only must PayFacs safeguard themselves and their clients against potential threats like fraud or cybersecurity breaches but also ensure PCI compliance , customer due diligence, and adherence to card regulations. Monthly sales amount (volume), average transaction amount, sales-to-purchase return ratio, etc. Velocity checks.

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Ultimate Guide to Surcharges: What is a Surcharge and How Does It Work

Stax

Healthcare providers, for instance, may factor in compliance costs spent on cybersecurity measures, staff training, regular audits, and legal consultations to ensure adherence to health information privacy regulations. Whether online, in-office, or in-person, CardX by Stax’s turnkey solution implements surcharging effortlessly.