Enacted by the European Commission, the PSD2 regulation took effect in January 2018. The aim of the regulation is to better protect consumers when they pay online, promote the development and use of innovative online and mobile payments, for example through open banking, and make cross-border European payment services less costly...
POS (Point of Sale)
A Point of Sale (POS) is the site where a customer makes payment for items or services whether the transaction takes place in a physical store, where POS terminals are used to process card payments, or a virtual sales point such as a computer or mobile device. The POS provides...
PHISHING
Phishing is a veteran method used by hackers to gather personal information through deceptive e-mails and websites that seem legitimate. The attacker attempts to trick the email recipient into believing that the message is something they need. It might take the form of a request from their bank, or a...
PCI COMPLIANCE
PCI compliance requires meeting standards connected to the Payment Card Industry Data Security Standard (PCI DSS) which was compiled by major credit card companies such as Visa, MasterCard, Discover, and American Express. Merchants that handle cardholder information must maintain PCI compliance or be penalized by the companies responsible for creating...
PAYMENT PLATFORM
An all-in-one advanced payment platform handles an enterprise’s payment needs from start to finish regardless of whether the business is high or low risk, large or small, online or in-store. The payment platform provides gateway services, credit card processing, cross-border payments and other features to streamline payment processes at every...