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JANUARY 8, 2024

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. They must also ensure that sub-merchants are compliant with the regulations set by card companies, e.g. PCI compliance.

Merchant Services 88

Merchant Services Payfac Payment Services SaaS Payments 88

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DECEMBER 27, 2023

In this blog, we’re going to explain how merchant accounts work in both eCommerce and offline settings and what businesses need to consider when selecting a merchant services provider. A merchant account refers to a business bank account that allows businesses to accept electronic payments for goods and services. Chargeback fees.

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Merchant Services Payment Methods Payment Services Payment Solutions 88

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AUGUST 20, 2024

TL;DR Embedded finance integrates financial services into non-financial business processes, while embedded fintech integrates fintech solutions into the processes of an institution in the finance industry. Embedded Insurance Embedded insurance allows customers to purchase insurance for products or services at the point of sale.

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Payments Payment Methods Merchant Services Finance 88

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JANUARY 10, 2024

As well as improving profit margins, these activities can also enhance the customer experience and give merchants a competitive advantage in the marketplace. The merchant service providers that a business is using to handle credit card payments play a key role in determining the size and structure of credit card fees. Account fees.

Merchant Services 88

Merchant Services Payment Services Payment Methods Payment Facilitation 88

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JANUARY 3, 2024

Today, they’re known for their robust services, enhanced security, user-friendly interfaces, and the integration of advanced data analytics. Security and compliance standards Security is paramount in any POS system to protect sensitive customer information. They’re no longer just for SMBs.

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Point of Sale Payment Methods Payment Solutions Payment Services 88

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JANUARY 24, 2024

Once you have ensured that surcharges are permissible by law in your state, you must meet card brand guidelines for compliance. While this may seem like a pretty straightforward and minor difference, it is necessary to consider it for legality and compliance purposes. What Is a Credit Card Surcharge?

Merchant Services 88

Merchant Services Payment Services Payment Methods Point of Sale 88

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JANUARY 24, 2024

Once you have ensured that surcharges are permissible by law in your state, you must meet card brand guidelines for compliance. While this may seem like a pretty straightforward and minor difference, it is necessary to consider it for legality and compliance purposes. Learn More What Is a Credit Card Surcharge?

Merchant Services 88

Merchant Services Payment Services Payment Methods Point of Sale 88

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OCTOBER 3, 2024

For small business owners, harnessing the power of a CRM system means having a comprehensive view of customer interactions, tracking every sale and service request, and implementing strategic data-driven decisions. Streamlined compliance and security: Need to keep your legal ducks in a row?

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Scale Business Social Media compliance 88

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MARCH 4, 2025

Also, evaluate the quality of customer service you receive. Also, check for compliance with PCI requirements, which protect cardholder data and implement robust access control measures. But you also need to partner with a platform that allows you to provide payment processing services to your users.

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Payment Methods Payments Payment Services Merchant Services 88

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OCTOBER 14, 2024

Keep an eye out for hidden fees that may not be immediately apparent, like setup fees, monthly maintenance fees, PCI compliance fees, or chargeback fees. Beyond compliance, look for processors that offer advanced security features like tokenization and encryption, which add layers of protection to payment information.

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Payment Services Payment Methods Merchant Services Payment Solutions 88