Consumer habits are hard to change. Think about when you first were introduced to online banking or online shopping. Were you hesitant? Now, these actions are commonplace. Just like online shopping, electronic signatures have become standard for payment authorizations, loan contracts and medical documents. Companies can take customer communication preferences into account, gather esignatures through a text or email, and …
Electronic Funds Transfer Authorization Requirements Guide
Electronic Funds Transfer Authorization Requirements Guide With the introduction of online payments, digital wallets, and other new payment technology, electronic funds transfers (EFTs) are becoming more popular than ever with consumers and businesses (for both making and taking B2B payments). EFTs are gaining traction because: They are better for business – companies that operate without a physical location can easily …
Payments Compliance: What to Know and How PDCflow Helps
There are many ways businesses must adhere to payment compliance. What’s more, it can get complicated to keep track of the requirements to follow, even though violating this payment processing compliance could lead to litigation or crippling fines. For many companies, the simplest solution is to rely on the software you use to help you reach your compliance goals. Here …
How To Comply with EFTA Regulation E: Legal Experts Explain
Regulation E is a well-known, but often confusing regulation found within the Electronic Fund Transfer Act (EFTA). The EFTA was put in place to protect consumers who make payments via an electronic transfer.What is the Electronic Funds Transfer Act The Electronic Funds Transfer Act (EFTA) (15 USC 1693 et seq.) of 1978 is intended to protect individual consumers engaging in …
What Does PCI Compliance Mean for your Business?
Do you know what it means if your payment processor has told you they maintain most of the burden for PCI DSS compliance? Does this change the rules your business must follow or what PCI DSS compliance means to you? While a PCI compliant processor might offer features that ease merchant responsibility, you are still expected to take steps to …
PCI Compliance Guide for Businesses
Learn about PCI compliance: what it means, what businesses need to do to comply, how to limit the burden and more.
PCI DSS Compliance Takes Year Round Commitment from Your Payment Processor
When you pay for goods or services online, you expect businesses to follow compliance measures to keep your personal information secure. PCI DSS compliance (Payment Card Industry Data Security Standard) gives consumers this same confidence in your organization. Customers need to know that every time they make a credit card payment, their information is being safely handled. One slip-up in …
Key Features for Secure Payment Processing
In an increasingly digital world, payment processing security features in business shouldn’t take a back seat. Are you offering secure payments to your customers? Here are some of the basic features that you need for secure payment processing.PCI Compliance Because sensitive credit card data is so valuable when committing identity theft, businesses that take payments online are often a target …
How Your Business Can Stay Cybersecure
Companies everywhere are on high alert when it comes to keeping their data secure. However, this doesn’t always mean they follow the best practices when it comes to cybersecurity. According to IBM, 77 percent of IT professionals stated that they do not have a cybersecurity incident response plan. However, there are preventative measures companies can take to stop a data …
Credit Card Compliance: Marriott Credit Card Breach Lessons
Last updated March 2023 Beginning as early as 2014, Starwood hotels, now owned by Marriott, experienced a massive credit card data breach reportedly at the hands of Chinese hackers. The data breach may have exposed the personal information of as many as 500 million guests of the hotel chain.Impact of a Credit Card Breach Once the news of this breach …
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