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Understanding Risk Management Strategies as a PayFac

Stax

Thorough due diligence, technology, and adherence to regulatory guidelines are essential in a PayFac’s risk management strategy. You need thorough due diligence, technology, and adherence to regulatory guidelines in your risk management strategy. The due diligence doesn’t stop at onboarding.

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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. However, several complex types of risks come along with this. Contact our team today to learn how. <img

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Payment Security: Everything You Need to Know About Secure Payments

Stax

Taking precautions to implement security measures such as secure firewalls and cybersecurity training helps to protect cardholder data and other sensitive information. It’s also critical to ensure card information is protected from data breaches with secure encryption and cybersecurity standards in place.

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Everything You Need to Know About PCI Compliance for Credit Card Processing

Stax

That’s where Stax comes in. Protect All Systems Against Malware and Regularly Update Anti-virus Software or Programs This requirement focuses on deploying anti-virus software on all systems commonly affected by malicious software. So how can your business stay PCI compliant? Why Is PCI Compliance So Important?

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ISVs vs SaaS: What’s the Difference?

Stax

Independent Software Vendors (ISVs) and Software-as-a-Service Providers (SaaS) operate within the same market, thus creating a push-and-pull revenue dynamic. TL;DR ISVs develop and distribute software products independently and often collaborate with hardware manufacturers and platform providers. Learn More What are ISVs?

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The 12 PCI DSS Requirements to Ensure PCI Compliance

Stax

Before 2004, credit card companies had their own set of rules for cybersecurity. Stax is 100% PCI compliant, which makes it the perfect solution for all your payment processing needs. They buy, install, and set up software, APIs, etc. The 12 PCI DSS requirements are meant to help companies achieve six main goals.

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What is an EFT Payment? Everything to Know About This Method of Payment

Stax

To accept card payments, you’ll need a trusted payment processor to provide the hardware and software needed to process the transactions. However, they come with higher processing fees for merchants and can lead to interest charges and debt accumulation for consumers if the balance is not paid in full by the due date.