PCI-DSS applies to any business that handles cardholder data, whether it be through acceptance, storage or transmission. Even if a third-party service is involved in credit card transactions, the company remains responsible for PCI-DSS compliance and must take the necessary measures to manage and...
related to patient care. Information handled by hospitals, doctors, and insurance companies, such as medical records, doctors’ notes, or any payment information related to healthcare provisions, is considered PHI. The same is true
For example, a FICO score of 661 to 780 is considered "good." How is a FICO score calculated? FICO scores are calculated using credit data in your credit report. It breaks down into several categories, including payment history, amounts owed, length of credit history, credit mix and new...
The cardholder’s signature and date By obtaining a signed authorization form, merchants can protect themselves from chargebacks and disputes down the line. However, it’s important to handle these forms securely and comply withPCI-DSS(Payment Card Industry Data Security Standard) to protect sensitiv...
Lower your interest rate:Data from the Federal Reserve shows the average credit card interest rate in 2022 is roughly 16%. However, cardholders with substantial debt could pay 20% to 30% interest or more. By contrast, interest on adebt consolidation loanranges between 6% and 20% depending on...
Credit card authentication by ownership occurs when the cardholder must input a code sent to their mobile phone when making an online or mobile purchase. In the event of card-present transactions, a receipt signature is considered a form of authentication by ownership. Location Credit card authentic...
The number of contactless payments is on the rise. Here’s a rundown of what they are, how they work, and how to accept them.
What is payment security on a credit card? Payment security on a credit card involves protecting the cardholder’s personal and financial information during transactions. This includes fraud prevention measures like data encryption, tokenization, authentication processes (like PIN numbers or biometric scans...
The Chase Freedom Flex offers a generous welcome bonus to new cardholders: Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening. This spend requirement is on the lower end for sign-up bonuses, plus there's no annual fee. (Read our full review...
This factor is considered highly influential in determining VantageScore credit scores. Credit utilization 20% 20% VantageScore models place significant weight on your credit utilization and consider it highly influential. Credit utilization is how much credit you currently use compared to the amount of...