New Bank of Canada PSP Requirements: How HostedPCI Can Help
The Bank of Canada’s Retail Payment Activities Act (RPAA) introduces mandatory registration for certain payment service providers (PSPs), setting higher standards for security and compliance.
Navigating the New Bank of Canada PSP Requirements: How HostedPCI Can Help Your Business Stay Compliant
The Bank of Canada’s latest regulatory shift is reshaping the landscape for payment service providers (PSPs). With the introduction of the Retail Payment Activities Act (RPAA), businesses that operate as PSPs must now register to meet stringent standards for data security, transaction oversight, and compliance.
Common Mistakes Companies Make with PCI Compliance—and How to Avoid Them
Ensuring PCI compliance is vital for protecting cardholder data and maintaining customer trust, yet many companies fall short in critical areas, exposing their systems to vulnerabilities. Let’s explore the most common PCI compliance missteps, their potential consequences, and how you can avoid them.
How HostedPCI Simplifies PCI Compliance for Secure Payment Processing
Online transactions are central to businesses nowadays, and maintaining payment security is essential. For any business that handles cardholder information, achieving PCI DSS compliance isn’t just recommended—it’s mandatory. HostedPCI offers a streamlined, efficient path to full PCI compliance, helping companies secure sensitive data and protect their customers.
Understanding the Bank of Canada’s Retail Payments Supervision
With the upcoming changes in the Bank of Canada’s Retail Payments Supervision framework, businesses involved in payment processing need to ensure compliance with new regulatory standards. The framework, part of the Retail Payment Activities Act, focuses on enhancing the security and efficiency of payment systems. If your business operates in E-commerce, Financial Services, Healthcare, or Subscription Services, you’ll be directly impacted and must take action to meet these requirements.
Choosing Between an E-commerce Platform and In-House Payment Solutions
As your business experiences rapid growth and transitions into an enterprise-sized operation, you’ll face critical decisions that shape your future success. One of the most important is deciding how to manage your payment flow: Should you stick with a robust e-commerce platform, or is it time to take control and bring everything in-house? Let’s dive into the benefits and trade-offs of each approach to help you make the right choice for your business.
Park’N Fly Data Breach Exposes Personal Info of 1 Million Customers
Park’N Fly, a prominent provider of off-airport parking services in Canada, recently announced a significant data breach affecting 1 million customers. The breach occurred after hackers obtained unauthorized access to Park’N Fly’s network through stolen VPN credentials between July 11 and July 13, 2024.
The Role of HostedPCI SMS Payment Forms in Enhancing Customer Experience
In the ever-evolving landscape of digital payments, businesses are continually seeking innovative ways to enhance customer experience and streamline transactions. One such innovation is the SMS payment form, a powerful tool that enables customers to make secure payments directly from their mobile devices. This blog explores the advantages of SMS payment forms and how HostedPCI integrates this technology to provide seamless and secure transactions through a unified system of iframe and call-center solutions.
Comprehensive Guide to PCI Compliance for E-commerce Businesses
In today’s digital marketplace, ensuring the security of customer payment information is paramount for e-commerce businesses. One of the most crucial aspects of this security is PCI compliance. This comprehensive guide will walk you through the essentials of PCI compliance, why it matters, and how HostedPCI can help your business achieve and maintain compliance.