PCI is short for ‘Payments Card Industry’. PA-DSS: Ensures merchant POS (point of sale) systems are compliant.IRS Mandate (Section 6050W): Mandates the reporting of sales made with a credit or debit card to the IRS.The Durbin Amendment: changed the fees merchants must pay in an online transaction.PCI DSS: safeguards cardholder data when a payment is made online.Scroll on to get started, or dive into the list below to jump straight to a specific section. Whether you’re new to accepting credit card payments, or a veteran just looking to brush up on the basics, our guide is a stress-free, jargon-free route to complete credit card compliance. So prepare to get acquainted with the credit card laws your business needs to know about. You’ll even attract a whole new generation of increasingly cash-phobic customers. In doing so, you’ll stand to benefit from quicker, safer payments, a more streamlined sales process, and better customer service. Accepting credit card payments at your business opens up a lot of doors.
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