As summer winds down and school starts back up for many of us in North America, Basis Theory is looking forward to an upcoming semester abroad. (Stay tuned for detai...

In the payments business, a chargeback is the reversal of a charge initiated by the issuing bank rather than the merchant, generally in response to a consumer compla...

Vulnerabilities in legacy encryption and authentication protocols for wireless networks are often targeted by malicious individuals aiming to gain access to cardhold...

Why does Payment Efficiency Matter? Processing payments is a multi-partner, multi-step endeavor, and each partner expects to be compensated for their trouble. From t...

Payment processing describes the series of steps that take place allowing one party to deliver money to another in return for goods and services, normally via a cred...

Public exposure of stored account and transaction data, either intentional or unintentional, can cause serious damage to a merchant. This is why the PCI SSC has crea...

The annual Global Payments and Fraud report produced by the Merchant Risk Council, Cybersource, and Verifi surveyed 1,072 merchants who identified as being involved ...

Despite its name, the Merchant Discount Rate (MDR) defines not a discount offered to merchants, but a fee paid by the merchant to its payment processing service. On ...

Attackers often use default passwords and other vendor default settings to compromise systems. These passwords and settings are both well known and easily accessible...

Payment Gateway Providers: An Overview A payment gateway is a specialized payment processor that serves the unique needs of a specific merchant vertical group. Payme...

Requirement 1 of the Payment Card Industry Data Security Standard (PCI DSS) is to “Install and Maintain Network Security Controls”. It is designed to help merchants ...

Any entity involved in transacting credit card business has an obligation to comply with Payment Card Industry Data Security Standards (PCI DSS), which is a publishe...

Summer is in full swing, and in July our team focused on bringing our mission to life for our customers. At Basis Theory, we believe that developing products with se...

When people think of self storage, technology-forward isn’t the first thing that comes to mind. Traditionally, renting a storage unit can be arduous for the consumer...

What is PCI-DSS and what does it mean to be in scope? PCI-DSS (the Payment Card Industry Data Security Standard) is an information security standard used by every en...

At Basis Theory we’re making it easier than ever for developers to create products with sensitive data. Our new HTTP service gives developers the flexibility they ne...

As we empower our customers to build pioneering solutions for their payment systems, ensuring alignment with regulatory rules is a critical step. We've witnessed fir...

Uncovering the top resources to build your payment knowledge The payments industry and ecosystem can be daunting in its breadth and depth. Understanding not only the...

What is payments compliance? The pandemic years accelerated the growth of global e-commerce, catapulting the industry to over 26 million individual merchants doing b...

We recently released a white paper detailing the many aspects of the “Know Your Customer” (KYC) program, and what it means for businesses that interact with customer...

Welcome back, everyone! Here are the notable changes for June. We're grateful to our customers for their ingenuity and creativity in finding new ways to keep their c...

What is Payment Gateway Fraud? Payment gateway fraud occurs when a card-not-present transaction is completed using invalid card details. Fraudsters may use stolen cr...

Transferring money across borders seamlessly has opened up a realm of possibilities for businesses and individuals alike. However, many may find that cross-border pa...

In the fast-paced world of B2B software, prompt and efficient payment processing is on every vendor’s wish list. Getting paid in a timely fashion is essential for ma...

A payment service provider (PSP) is a necessary partner in the payments ecosystem, bridging the divide between the merchant, the card networks, and the buyer’s and s...

Payment reconciliation is the process of matching and verifying the payments made by customers with the corresponding invoices and receipts. This process ensures tha...

As the payments industry continues to evolve, staying on top of the latest trends is crucial for payments professionals looking to make informed decisions and drive ...

As we hear feedback from customers about the creative ways they use their payments data we constantly look for ways to unlock more use cases. We've recently released...

In the world of connected finance for Logistics, accuracy and security are paramount and Loop understands this all too well. Faced with challenges of invoice inaccur...

Electronic Benefits Transfer, or EBT, is a system that was created to allow recipients of federal support in the United States to make food purchases electronically....

Providing secure payment transactions is a shared responsibility, because so many entities are involved in an intricate chain of activities to complete a deal. Each ...

A payment aggregator is a service provider that shares their merchant account with their customers, allowing them to start accepting payments quickly and easily. Ins...

It’s easy to imagine the scariest risks of all: having your system taken over and sold back to you by ransomware, say, or a criminal ring intentionally buying all yo...

Whether you're a merchant looking to cut down on payment service fees, a startup aiming to provide solutions to an underserved region, or an online business battling...

What are Payment Analytics? Payment analytics are actionable trends organizations can identify and use to tune and accelerate their business growth. In today’s numbe...

We've been working hard this spring to provide more control, flexibility, and security to improve your data management and user experience. Our latest updates includ...

For businesses that work with small transactions, the costs of taking credit cards can be expensive especially because of the fixed fees involved. Meanwhile, common ...

A secure payment system is one that protects customer and merchant data both in motion (during an active transaction) and at rest (when stored). There are a variety ...

Introduction When migrating credit card data from a payment service provider (PSP) to Basis Theory, you would extract all stored card data and personally identifiabl...

What is Payment Automation? When we think about payment automation, the temptation is to think only about inbound payment - revenue, in other words. And, indeed, mak...

In today’s payment landscape, the emergence of new technologies gives consumers more payment options than ever before. As a merchant, it’s vital to accept the forms ...

Merchants have access to a wealth of data points to gauge the health and success of their business. From customer acquisition cost to profit margin, the array of ava...

Matic Insurance is a technology-driven insurance marketplace that connects consumers with multiple carriers to provide them with personalized home and auto insurance...

One of the most exciting parts of working at Basis Theory is encountering the various unique scenarios and alternative use cases that our customers envision. While s...

The terms “payment gateway” and “payment processor” are, at times, used interchangeably in payment vernacular. And while the two are interrelated, each serves a uniq...

Merchants who build any kind of payment system must manage payments securely for a range of reasons.

Merchants often find themselves in the position of wanting, or needing to migrate to a new payment processor. This is normally either to take advantage of lower fees...

PCI-DSS is a detailed and complex security standard that any entity involved in credit card payments must adhere to. Broadly speaking, its purpose is to ensure that ...

When a payment is ready to be processed, most merchants cannot simply send it to the card network - instead they must work with a Payment Service Provider (PSP). The...

PCI-DSS (Payment Card Industry Data Security Standard) is an information security standard that must be adhered to by any organization whose involvement in the proce...