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Theyre easy to integrate and set up, with the host taking care of data security measures, including PCI compliance and fraud protection. On top of PCI compliance, you might have to pay extra for SSL (Secure Sockets Layer) certification. Just like self-hosted gateways, merchants using API-based solutions are responsible for security.
While remote work is all the rage these days, there is still very much a need for on-site services, particularly industries like construction, healthcare, utilities, and telecommunications. Stax Connect ticks all of these boxes. This is where field service management (FSM) come in.
Cost recovery, industry standards, regulatory compliance, and consumer sensitivity are key factors to consider when calculating surcharges. Companies, particularly those in the healthcare, transportation, and food industries, levy surcharges to meet these compliance standards. Regulatory Compliance. Minimum usage surcharge.
For international wire transfers, also known as remittance transfers, the bank uses SWIFT (Society for Worldwide Interbank Financial Telecommunication), also known as BIC (Bank Identifier Code). However, coordinating intercountry ACH-like networks and upholding them to the same regulation and compliance standards is challenging.
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