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Glossary: 117 software-led payments terms to know

Payrix

Association Group of card-issuing banks or organizations that set common transaction terms for merchants, issuers, and acquirers. Card acceptor business code A four-digit numerical representation of the type of business in which the card acceptor (merchant) engages. Visa, Mastercard, American Express, etc.).

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Glossary: 117 software-led payments terms to know

Payrix

Association Group of card-issuing banks or organizations that set common transaction terms for merchants, issuers, and acquirers. Card acceptor business code A four-digit numerical representation of the type of business in which the card acceptor (merchant) engages. Visa, Mastercard, American Express, etc.).

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The 12 PCI DSS Requirements to Ensure PCI Compliance

Stax

While it isn’t mandatory by law to comply with PCI security controls, most credit card brands require PCI DSS compliance and non-compliance can lead to hefty fines. According to a report by the Federal Reserve Bank of San Francisco , credit card usage among Americans has been steadily increasing since 2016.