PCI DSS Requirement 3: Protect Stored Account Data
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...
2023 Global Payments and Fraud Report: Key Takeaways
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 ...
What is the Merchant Discount Rate?
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 ...
PCI DSS Requirement 2: Securely Configure All System Components
Attackers often use default passwords and other vendor default settings to compromise systems. These passwords and settings are both well known and easily accessible...
How to Select the Right Payment Gateway Provider
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...
PCI DSS Requirement 1: Install and Maintain Network Security Controls
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 ...
How to Select the Right PCI-Compliant Service Provider
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...
July 2023 Changelog
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...
Cubby Relocates to a New PSP Without the Headache by Using Basis Theory
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’s in PCI Scope vs. Out of Scope?
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...
HTTP Service: Dual Write Data for Ultimate Flexibility
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...
Introducing Compliance Genie: Instant Access to Payments Expertise, One Question at a Time
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...
19 Resources to Learn More About Payments
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...
Payments Compliance and Monitoring: Simplified
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...
Revolutionizing Know-Your-Customer Data Management: Basis Theory’s KYC Data Engine
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...
June 2023 Product Changelog
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...
How to Prevent Payment Gateway Fraud
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...
What are Cross-Border Payments? Everything you Need to Know
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...
Why Should You Use Split Payments?
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...
What is a Full-Service PSP?
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: How it Works
Payment reconciliation is the process of matching and verifying the payments made by customers with the corresponding invoices and receipts. This process ensures tha...
Top Payment Statistics and Trends in 2023
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 ...
How Longer CVC Storage Can Improve Your Payment Flows
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...
How Loop Secures its Connected Finance Platform with Basis Theory
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...
How Businesses Can Process EBT Payments
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....
5 Tips for Secure Online Payments: How Merchants Can Scale
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 ...
What is a Payment Aggregator?
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...
Payment Risks and How to Reduce Them
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...
How to Build Your Own Payment Gateway
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...
5 Ways to Use Payment Analytics & Insights to Grow Your Business
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...
May 2023 Product Changelog
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...
Ansa Leverages Basis Theory’s Flexibility to Manage Payments Securely
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 ...
What to Look for in Secure Payment Systems
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 ...
Securely Transitioning Your Credit Card Data: Migrating Data to Basis Theory
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...
5 Ways Payment Automation Can Improve Your Workflows
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...
How to Accept Multiple Payment Methods Securely
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 ...
Payment Metrics Decoded: Harnessing the Power of Payment Data
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...
How Matic Simplifies Insurance Quoting with Custom-Built APIs and Basis Theory
Matic Insurance is a technology-driven insurance marketplace that connects consumers with multiple carriers to provide them with personalized home and auto insurance...
April 2023 Changelog
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...
Payment Gateway vs. Payment Processor: What's the Difference?
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...
4 Best Practices for Secure Online Payment Processing
Merchants who build any kind of payment system must manage payments securely for a range of reasons.
How to Migrate to a New Payment Processor Without Disrupting Business
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...
What You Should Know About PCI Violations
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 ...
The Key to E-commerce Profitability: Multi-processor Payment Routing
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...
What you should know about PCI-DSS automation
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...
How to Collect Credit Cards Over the Phone Without Becoming PCI Compliant
Modern consumers often prefer to transact business digitally, but there are still times when they would rather speak to a live person. For many vendors this raises t...
March 2023 Product Changelog
We are thrilled to share some of the key updates we've made to our platform during the month of March.
Rethinking Corporate Risk Management: Evolution, Roles, and Best Practices
Clients that have experienced claims typically have a greater appreciation of how catastrophic and frustrating a claim can be without strong risk management partners...
Is Your Payment Provider Holding You Back?
Recently, I had the pleasure of joining Caleb Avery, CEO of Tilled, on a webinar to discuss the current state of payments and data ownership. Tilled is one of our am...
What is a Card Network Token?
A card network token is a string of random numbers that is used to retrieve the real Primary Account Number (PAN) from a token value, where it is securely stored to ...