article thumbnail

Everything You Need to Know About Secure Payment Processing Systems

Stax

Secure payment systems comply with strict security standards and regulations set forth by governing bodies and industry organizations. EMV Standards: EMV (Europay, Mastercard, and Visa) standards govern the technology used in chip-enabled payment credit and debit cards and terminals.

article thumbnail

What is a Surcharge Fee? How it Helps Consumers and Businesses

Stax

The rise in these fees can be attributed to the substantial investment required for the development and maintenance of secure payment processing infrastructure, protection against fraud, and the convenience offered to consumers. Service providers such as CardX by Stax help companies offset some of these fees in a compliant and seamless way.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Maintain Anti-Money Laundering Compliance as a PayFac

Stax

It mandates ongoing monitoring of suspicious activity, recordkeeping, and submitting suspicious activity reports (SARs) to the government. For this, you might require data from government sources, international regulators, and law enforcement agencies. The USA Patriot Act lays down which entities are required to do so.

article thumbnail

Understanding Payment Processing Compliance When Implementing Credit Card Surcharging

Stax

Mastercard ​​Mastercard co-founded and co-developed the PCI DSS. Explore CardX by Stax for a smart surcharging solution today. Payment compliance refers to the adherence to laws, regulations, and standards governing payment processing. It helps protect against security breaches and enhance consumer confidence.

article thumbnail

7 Steps To Help EHR Software Providers Grow Their Userbase and Revenue

Stax

Integrating the EHR software with payment processing tools like Stax Connect also helps create an all-in-one platform that simplifies workflow management at hospitals and other medical practices. Using this information in your product development will help you create software that addresses customer requirements and has a high demand.