--- title: Blog | Basis Theory Updates & Insights (6) description: Read the latest insights and updates from Basis Theory team. Learn about payment tokenization, compliance, product updates, and more. (6) image: https://blog.basistheory.com/hubfs/bt-og-image-generic.avif --- [Skip to content](https://blog.basistheory.com/page/6#main-content) ![Basis Theory logo](https://blog.basistheory.com/hs-fs/hubfs/BTLogo%20(1).png?width=365&height=122&name=BTLogo%20(1).png) - [Use Cases](https://basistheory.com/) Show submenu for Use Cases - [Creator Economy](https://basistheory.com/use-cases/creator-economy) - [Digital Health](https://basistheory.com/use-cases/health) - [E-Commerce](https://basistheory.com/use-cases/ecommerce) - [Fintech](https://basistheory.com/use-cases/fintech) - [Gaming](https://basistheory.com/use-cases/gaming) - [Subscription Merchants](https://basistheory.com/use-cases/subscriptions) - [Travel](https://basistheory.com/use-cases/travel) - [VSaaS](https://basistheory.com/use-cases/vsaas) - Solutions Show submenu for Solutions - [Agentic Commerce](https://basistheory.com/solution/agentic-commerce) - [Data Consolidation](https://basistheory.com/solution/data-consolidation) - [Monetize Payments](https://basistheory.com/solution/monetize-payments) - [Multi PSP](https://basistheory.com/solution/multi-psp) - [Payment Method Discovery](https://basistheory.com/solution/payment-method-discovery) - [Payment Vault](https://basistheory.com/solution/payment-vault) - [Platform](https://basistheory.com/platform) Show submenu for Platform - [Enrichments & Add-Ons](https://basistheory.com/add-ons) - [Partners](https://basistheory.com/partnerships) - [Why Basis Theory](https://basistheory.com/why-basis-theory) - [Pricing](https://basistheory.com/pricing) - Resources Show submenu for Resources - [Blog](https://blog.basistheory.com) - [Case Studies](https://blog.basistheory.com/case-studies) - [Docs](https://developers.basistheory.com/) Open main navigation Close main navigation - [Use Cases](https://basistheory.com/) Show submenu for Use Cases - [Creator Economy](https://basistheory.com/use-cases/creator-economy) - [Digital Health](https://basistheory.com/use-cases/health) - [E-Commerce](https://basistheory.com/use-cases/ecommerce) - [Fintech](https://basistheory.com/use-cases/fintech) - [Gaming](https://basistheory.com/use-cases/gaming) - [Subscription Merchants](https://basistheory.com/use-cases/subscriptions) - [Travel](https://basistheory.com/use-cases/travel) - [VSaaS](https://basistheory.com/use-cases/vsaas) - Solutions Show submenu for Solutions - [Agentic Commerce](https://basistheory.com/solution/agentic-commerce) - [Data Consolidation](https://basistheory.com/solution/data-consolidation) - [Monetize Payments](https://basistheory.com/solution/monetize-payments) - [Multi PSP](https://basistheory.com/solution/multi-psp) - [Payment Method Discovery](https://basistheory.com/solution/payment-method-discovery) - [Payment Vault](https://basistheory.com/solution/payment-vault) - [Platform](https://basistheory.com/platform) Show submenu for Platform - [Enrichments & Add-Ons](https://basistheory.com/add-ons) - [Partners](https://basistheory.com/partnerships) - [Why Basis Theory](https://basistheory.com/why-basis-theory) - [Pricing](https://basistheory.com/pricing) - Resources Show submenu for Resources - [Blog](https://blog.basistheory.com) - [Case Studies](https://blog.basistheory.com/case-studies) - [Docs](https://developers.basistheory.com/) - [Get a demo](https://basistheory.com/contact) [Login](https://portal.basistheory.com/) [Get a demo](https://basistheory.com/contact) # Blog Insights and updates from the Basis Theory team ## Blog All Categories Banking Basis Theory News Compliance Data Security Data Tokenization Engineering Partners Payments PCI Compliance Product Resources ## Want Product News & Industry Updates? ### Subscribe to the Basis Theory blog to get updates right in your inbox [![Choosing multiple PSPs for high risk merchants](https://blog.basistheory.com/hubfs/high-risk-payment-processing-part-4-psps.png)](https://blog.basistheory.com/high-risk-payments-4-multiple-psps) [Payments](https://blog.basistheory.com/tag/payments) ## [High-Risk Payment Processing: Choosing Multiple PSPs](https://blog.basistheory.com/high-risk-payments-4-multiple-psps) Sophisticated high-risk merchants understand that de-risking their payments operations can truly be a game changer for their business. They see that not only is it i... ![Picture of Basis Theory](https://blog.basistheory.com/hs-fs/hubfs/bt-favicon-new.png?width=50&name=bt-favicon-new.png) [Basis Theory](https://blog.basistheory.com/author/basis-theory-team) · November 22, 2023 [Read more](https://blog.basistheory.com/high-risk-payments-4-multiple-psps) [![How to remain operational with one PSP](https://blog.basistheory.com/hubfs/high-risk-payment-processing-part-3-one-psp.png)](https://blog.basistheory.com/high-risk-payments-3-one-psp) [Payments](https://blog.basistheory.com/tag/payments) ## [High-Risk Payment Processing: Staying Operational with One PSP](https://blog.basistheory.com/high-risk-payments-3-one-psp) As a high-risk merchant, you know that hedging your risks can make it easier for your business to remain operational. One important way to achieve this when using a ... ![Picture of Basis Theory](https://blog.basistheory.com/hs-fs/hubfs/bt-favicon-new.png?width=50&name=bt-favicon-new.png) [Basis Theory](https://blog.basistheory.com/author/basis-theory-team) · November 21, 2023 [Read more](https://blog.basistheory.com/high-risk-payments-3-one-psp) [![improve payments performance](https://blog.basistheory.com/hubfs/improve-payments-performance.webp)](https://blog.basistheory.com/improve-payments-performance) [Payments](https://blog.basistheory.com/tag/payments) ## [5 Steps You can Take to Improve Payments Performance](https://blog.basistheory.com/improve-payments-performance) Why it’s Crucial to Constantly Improve Payments Performance For any business, revenue growth is key to continued development and opportunity. And revenue growth can ... ![Picture of Basis Theory](https://blog.basistheory.com/hs-fs/hubfs/bt-favicon-new.png?width=50&name=bt-favicon-new.png) [Basis Theory](https://blog.basistheory.com/author/basis-theory-team) · November 17, 2023 [Read more](https://blog.basistheory.com/improve-payments-performance) [![how are high-risk companies shut down](https://blog.basistheory.com/hubfs/high-risk-payment-processing-part-2-shutdown.png)](https://blog.basistheory.com/high-risk-payments-2-shutdown) [Payments](https://blog.basistheory.com/tag/payments) ## [High Risk Payment Processing: How Are Merchants Shut down?](https://blog.basistheory.com/high-risk-payments-2-shutdown) Operating as a high-risk merchant, one of the most feared experiences is getting shut down. Even the looming threat of this happening is enough to keep many merchant... ![Picture of Basis Theory](https://blog.basistheory.com/hs-fs/hubfs/bt-favicon-new.png?width=50&name=bt-favicon-new.png) [Basis Theory](https://blog.basistheory.com/author/basis-theory-team) · November 16, 2023 [Read more](https://blog.basistheory.com/high-risk-payments-2-shutdown) [![High risk payment processing - rules of the game](https://blog.basistheory.com/hubfs/High-Risk-Payment-Processing-part-1-rules.png)](https://blog.basistheory.com/high-risk-payments-1-the-rules) [Payments](https://blog.basistheory.com/tag/payments) ## [High-Risk Payment Processing: The Rules of the Game](https://blog.basistheory.com/high-risk-payments-1-the-rules) This is blog post one of a five-part series on the ins and outs of high-risk merchants and high-risk payment processing. ![Picture of Basis Theory](https://blog.basistheory.com/hs-fs/hubfs/bt-favicon-new.png?width=50&name=bt-favicon-new.png) [Basis Theory](https://blog.basistheory.com/author/basis-theory-team) · November 14, 2023 [Read more](https://blog.basistheory.com/high-risk-payments-1-the-rules) [![October 2023 changelog](https://blog.basistheory.com/hubfs/october-2023-changelog.png)](https://blog.basistheory.com/october-2023-changelog) [Product](https://blog.basistheory.com/tag/product) ## [October 2023 Changelog](https://blog.basistheory.com/october-2023-changelog) October was dedicated to enhancing the developer experience at Basis Theory. ![Picture of James Armstead](https://blog.basistheory.com/hs-fs/hubfs/Imported_Blog_Media/62b1da75da1e04053d424518_James.jpg?width=50&name=62b1da75da1e04053d424518_James.jpg) [James Armstead](https://blog.basistheory.com/author/james-armstead) · November 9, 2023 [Read more](https://blog.basistheory.com/october-2023-changelog) [![AI to simplify payments](https://blog.basistheory.com/hubfs/ai-simplify-payments.png)](https://blog.basistheory.com/ai-simplify-payments) [Payments](https://blog.basistheory.com/tag/payments) ## [AI Solutions to Simplify Payments and Compliance: A Webinar Recap](https://blog.basistheory.com/ai-simplify-payments) The Basis Theory team joined a webinar hosted by the Merchant Risk Council (MRC) on November 1 titled “AI Solutions to Simplify Payment Management and Compliance”. ![Picture of Basis Theory](https://blog.basistheory.com/hs-fs/hubfs/bt-favicon-new.png?width=50&name=bt-favicon-new.png) [Basis Theory](https://blog.basistheory.com/author/basis-theory-team) · November 8, 2023 [Read more](https://blog.basistheory.com/ai-simplify-payments) [![glossary of payment terms](https://blog.basistheory.com/hubfs/payment-glossary.png)](https://blog.basistheory.com/payments-glossary) ## [A Glossary of Payment Terms](https://blog.basistheory.com/payments-glossary) The world of payment processing can be bewildering and esoteric, with its vast range of participants, processes, and industry jargon. This (admittedly incomplete!) g... ![Picture of Basis Theory](https://blog.basistheory.com/hs-fs/hubfs/bt-favicon-new.png?width=50&name=bt-favicon-new.png) [Basis Theory](https://blog.basistheory.com/author/basis-theory-team) · November 7, 2023 [Read more](https://blog.basistheory.com/payments-glossary) [![The Payment Settlement Process](https://blog.basistheory.com/hubfs/payment-settlement.png)](https://blog.basistheory.com/payment-settlement) [Payments](https://blog.basistheory.com/tag/payments) ## [The Payment Settlement Process](https://blog.basistheory.com/payment-settlement) What many people miss about the payment process is that there are actually a series of steps - it’s not a one-stop shop! Merchants generally will run some amount of ... ![Picture of Basis Theory](https://blog.basistheory.com/hs-fs/hubfs/bt-favicon-new.png?width=50&name=bt-favicon-new.png) [Basis Theory](https://blog.basistheory.com/author/basis-theory-team) · November 3, 2023 [Read more](https://blog.basistheory.com/payment-settlement) [![PCI DSS Requirement 12: Maintain an Information Security Policy](https://blog.basistheory.com/hubfs/pci-dss-requirement-12.png)](https://blog.basistheory.com/pci-dss-requirement-12) [PCI Compliance](https://blog.basistheory.com/tag/pci-compliance) ## [PCI DSS Requirement 12: Maintain an Information Security Policy](https://blog.basistheory.com/pci-dss-requirement-12) As outlined in sub-requirements of the other 11 requirements, documenting expectations of the security posture of an organization is fundamental to the success of th... ![Picture of Basis Theory](https://blog.basistheory.com/hs-fs/hubfs/bt-favicon-new.png?width=50&name=bt-favicon-new.png) [Basis Theory](https://blog.basistheory.com/author/basis-theory-team) · November 1, 2023 [Read more](https://blog.basistheory.com/pci-dss-requirement-12) [![PCI DSS requirement 11](https://blog.basistheory.com/hubfs/pci-dss-requirement-11.png)](https://blog.basistheory.com/pci-dss-requirement-11) [PCI Compliance](https://blog.basistheory.com/tag/pci-compliance) ## [PCI DSS Requirement 11: Test System & Network Security Regularly](https://blog.basistheory.com/pci-dss-requirement-11) System vulnerabilities can serve as an open door for attackers to walk right into secure systems and cause significant harm. The best prevention method is to consist... ![Picture of Basis Theory](https://blog.basistheory.com/hs-fs/hubfs/bt-favicon-new.png?width=50&name=bt-favicon-new.png) [Basis Theory](https://blog.basistheory.com/author/basis-theory-team) · October 30, 2023 [Read more](https://blog.basistheory.com/pci-dss-requirement-11) [![gift card authorization rates](https://blog.basistheory.com/hubfs/gift-card-authorization-rates.png)](https://blog.basistheory.com/gift-card-authorization-rate) [Payments](https://blog.basistheory.com/tag/payments) ## [Why are Gift Card Authorization Rates So Low?](https://blog.basistheory.com/gift-card-authorization-rate) Gift card authorization rates are estimated to be 5-10% lower than standard credit card authorization rates. While this can be frustrating for merchants and customer... ![Picture of Basis Theory](https://blog.basistheory.com/hs-fs/hubfs/bt-favicon-new.png?width=50&name=bt-favicon-new.png) [Basis Theory](https://blog.basistheory.com/author/basis-theory-team) · October 23, 2023 [Read more](https://blog.basistheory.com/gift-card-authorization-rate) [![PCI DSS Requirement 10: Track and Monitor Network Access](https://blog.basistheory.com/hubfs/pci-dss-requirement-10.png)](https://blog.basistheory.com/pci-dss-requirement-10) [PCI Compliance](https://blog.basistheory.com/tag/pci-compliance) ## [PCI DSS Requirement 10: Track and Monitor Network Access](https://blog.basistheory.com/pci-dss-requirement-10) Logging mechanisms and tracked user activities are critical to preventing, detecting, or minimizing the impact of a data compromise. Implementing logs on all system ... ![Picture of Basis Theory](https://blog.basistheory.com/hs-fs/hubfs/bt-favicon-new.png?width=50&name=bt-favicon-new.png) [Basis Theory](https://blog.basistheory.com/author/basis-theory-team) · October 17, 2023 [Read more](https://blog.basistheory.com/pci-dss-requirement-10) [![Payment Account Reference](https://blog.basistheory.com/hubfs/PAR.png)](https://blog.basistheory.com/centralized-hub-payment-account-reference) [Product](https://blog.basistheory.com/tag/product) ## [What to Know About Payment Account Reference (PAR)](https://blog.basistheory.com/centralized-hub-payment-account-reference) ![Picture of Basis Theory](https://blog.basistheory.com/hs-fs/hubfs/bt-favicon-new.png?width=50&name=bt-favicon-new.png) [Basis Theory](https://blog.basistheory.com/author/basis-theory-team) · October 16, 2023 [Read more](https://blog.basistheory.com/centralized-hub-payment-account-reference) [![PCI DSS Requirement 9](https://blog.basistheory.com/hubfs/pci-dss-requirement-9.png)](https://blog.basistheory.com/pci-dss-requirement-9) [PCI Compliance](https://blog.basistheory.com/tag/pci-compliance) ## [PCI DSS Requirement 9: Restrict Physical Access to Cardholder Data](https://blog.basistheory.com/pci-dss-requirement-9) While many organizations may prioritize the digital security measures needed to protect cardholder data, physical securities shouldn’t be forgotten. All physical acc... ![Picture of Basis Theory](https://blog.basistheory.com/hs-fs/hubfs/bt-favicon-new.png?width=50&name=bt-favicon-new.png) [Basis Theory](https://blog.basistheory.com/author/basis-theory-team) · October 13, 2023 [Read more](https://blog.basistheory.com/pci-dss-requirement-9) [![September 2023 Changelog](https://blog.basistheory.com/hubfs/september-2023-changelog.png)](https://blog.basistheory.com/september-2023-changelog) [Product](https://blog.basistheory.com/tag/product) ## [September 2023 Changelog](https://blog.basistheory.com/september-2023-changelog) Happy October! ![Picture of Basis Theory](https://blog.basistheory.com/hs-fs/hubfs/bt-favicon-new.png?width=50&name=bt-favicon-new.png) [Basis Theory](https://blog.basistheory.com/author/basis-theory-team) · October 11, 2023 [Read more](https://blog.basistheory.com/september-2023-changelog) [![PCI DSS Requirement 8](https://blog.basistheory.com/hubfs/pci-dss-requirement-8.png)](https://blog.basistheory.com/pci-dss-requirement-8) [PCI Compliance](https://blog.basistheory.com/tag/pci-compliance) ## [PCI DSS Requirement 8: Identify & Authenticate User Access to System Components](https://blog.basistheory.com/pci-dss-requirement-8) PCI DSS Requirement 8 provides detailed guidance on the two fundamental principles for identifying and authenticating users: establishing the identity of a person th... ![Picture of Basis Theory](https://blog.basistheory.com/hs-fs/hubfs/bt-favicon-new.png?width=50&name=bt-favicon-new.png) [Basis Theory](https://blog.basistheory.com/author/basis-theory-team) · October 9, 2023 [Read more](https://blog.basistheory.com/pci-dss-requirement-8) [![PCI DSS Requirement 7: Restrict Cardholder Data Access](https://blog.basistheory.com/hubfs/pci-dss-requirement-7.png)](https://blog.basistheory.com/pci-dss-requirement-7) [PCI Compliance](https://blog.basistheory.com/tag/pci-compliance) ## [PCI DSS Requirement 7: Restrict Cardholder Data Access](https://blog.basistheory.com/pci-dss-requirement-7) Assigning permissions carefully is one means of protecting sensitive account data by providing the minimum level of access necessary to perform an employee’s job. ![Picture of Basis Theory](https://blog.basistheory.com/hs-fs/hubfs/bt-favicon-new.png?width=50&name=bt-favicon-new.png) [Basis Theory](https://blog.basistheory.com/author/basis-theory-team) · September 29, 2023 [Read more](https://blog.basistheory.com/pci-dss-requirement-7) [![the importance of risk assessments for merchants](https://blog.basistheory.com/hubfs/risk-assessments-for-merchants.png)](https://blog.basistheory.com/risk-assessment-for-merchants) [Payments](https://blog.basistheory.com/tag/payments) ## [The Importance of a Risk Assessment for Merchants](https://blog.basistheory.com/risk-assessment-for-merchants) A risk assessment is a dedicated process evaluating the likelihood of a damaging event happening. In the medical environment, it is a statistical calculation of the ... ![Picture of Basis Theory](https://blog.basistheory.com/hs-fs/hubfs/bt-favicon-new.png?width=50&name=bt-favicon-new.png) [Basis Theory](https://blog.basistheory.com/author/basis-theory-team) · September 19, 2023 [Read more](https://blog.basistheory.com/risk-assessment-for-merchants) [![PCI DSS requirement 6: develop and maintain secure systems](https://blog.basistheory.com/hubfs/pci-dss-requirement-6.png)](https://blog.basistheory.com/pci-dss-requirement-6) [PCI Compliance](https://blog.basistheory.com/tag/pci-compliance) ## [PCI DSS Requirement 6: Develop and Maintain Secure Systems](https://blog.basistheory.com/pci-dss-requirement-6) PCI DSS Requirement 6 highlights the importance of installing security patches in order to protect systems from being accessed by anyone with malicious intentions. F... ![Picture of Basis Theory](https://blog.basistheory.com/hs-fs/hubfs/bt-favicon-new.png?width=50&name=bt-favicon-new.png) [Basis Theory](https://blog.basistheory.com/author/basis-theory-team) · September 18, 2023 [Read more](https://blog.basistheory.com/pci-dss-requirement-6) [![PCI DSS Requirement 5](https://blog.basistheory.com/hubfs/pci-dss-requirement-5.png)](https://blog.basistheory.com/pci-dss-requirement-5) [PCI Compliance](https://blog.basistheory.com/tag/pci-compliance) ## [PCI DSS Requirement 5: Protect All Systems and Networks from Malicious Software](https://blog.basistheory.com/pci-dss-requirement-5) Malicious software, also commonly known as malware, is any software or firmware specifically designed to cause damage to, or penetrate the security systems of, a com... ![Picture of Basis Theory](https://blog.basistheory.com/hs-fs/hubfs/bt-favicon-new.png?width=50&name=bt-favicon-new.png) [Basis Theory](https://blog.basistheory.com/author/basis-theory-team) · September 12, 2023 [Read more](https://blog.basistheory.com/pci-dss-requirement-5) [![August 2023 Product Changelog](https://blog.basistheory.com/hubfs/august-2023-changelog.png)](https://blog.basistheory.com/august-2023-changelog) [Product](https://blog.basistheory.com/tag/product) ## [August 2023 Changelog](https://blog.basistheory.com/august-2023-changelog) 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... ![Picture of Basis Theory](https://blog.basistheory.com/hs-fs/hubfs/bt-favicon-new.png?width=50&name=bt-favicon-new.png) [Basis Theory](https://blog.basistheory.com/author/basis-theory-team) · September 8, 2023 [Read more](https://blog.basistheory.com/august-2023-changelog) [![PCI DSS Requirement 4](https://blog.basistheory.com/hubfs/pci-dss-requirement-4.png)](https://blog.basistheory.com/pci-dss-requirement-4) [PCI Compliance](https://blog.basistheory.com/tag/pci-compliance) ## [PCI DSS Requirement 4: Protect Cardholder Data During Transmission Over Public Networks](https://blog.basistheory.com/pci-dss-requirement-4) Vulnerabilities in legacy encryption and authentication protocols for wireless networks are often targeted by malicious individuals aiming to gain access to cardhold... ![Picture of Basis Theory](https://blog.basistheory.com/hs-fs/hubfs/bt-favicon-new.png?width=50&name=bt-favicon-new.png) [Basis Theory](https://blog.basistheory.com/author/basis-theory-team) · September 5, 2023 [Read more](https://blog.basistheory.com/pci-dss-requirement-4) [![Improve payments efficiency and reduce expenses](https://blog.basistheory.com/hubfs/improve-payments-efficiency-reduce-expenses.png)](https://blog.basistheory.com/improve-payments-efficiency) [Payments](https://blog.basistheory.com/tag/payments) ## [How To Improve Payments Efficiency and Reduce Expenses](https://blog.basistheory.com/improve-payments-efficiency) 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... ![Picture of Basis Theory](https://blog.basistheory.com/hs-fs/hubfs/bt-favicon-new.png?width=50&name=bt-favicon-new.png) [Basis Theory](https://blog.basistheory.com/author/basis-theory-team) · August 30, 2023 [Read more](https://blog.basistheory.com/improve-payments-efficiency) [![PCI DSS Requirement 3](https://blog.basistheory.com/hubfs/pci-dss-requirement-3.png)](https://blog.basistheory.com/pci-dss-requirement-3) [PCI Compliance](https://blog.basistheory.com/tag/pci-compliance) ## [PCI DSS Requirement 3: Protect Stored Account Data](https://blog.basistheory.com/pci-dss-requirement-3) 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... ![Picture of Basis Theory](https://blog.basistheory.com/hs-fs/hubfs/bt-favicon-new.png?width=50&name=bt-favicon-new.png) [Basis Theory](https://blog.basistheory.com/author/basis-theory-team) · August 28, 2023 [Read more](https://blog.basistheory.com/pci-dss-requirement-3) [![2023 global payments and fraud report](https://blog.basistheory.com/hubfs/2023-global-payments-fraud-report.png)](https://blog.basistheory.com/2023-global-payments-fraud-report) [Payments](https://blog.basistheory.com/tag/payments) ## [2023 Global Payments and Fraud Report: Key Takeaways](https://blog.basistheory.com/2023-global-payments-fraud-report) 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 ... ![Picture of Basis Theory](https://blog.basistheory.com/hs-fs/hubfs/bt-favicon-new.png?width=50&name=bt-favicon-new.png) [Basis Theory](https://blog.basistheory.com/author/basis-theory-team) · August 24, 2023 [Read more](https://blog.basistheory.com/2023-global-payments-fraud-report) [![what is the merchant discount rate?](https://blog.basistheory.com/hubfs/merchant-discount-rate.png)](https://blog.basistheory.com/merchant-discount-rate) [Payments](https://blog.basistheory.com/tag/payments) ## [What is the Merchant Discount Rate?](https://blog.basistheory.com/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 ... ![Picture of Basis Theory](https://blog.basistheory.com/hs-fs/hubfs/bt-favicon-new.png?width=50&name=bt-favicon-new.png) [Basis Theory](https://blog.basistheory.com/author/basis-theory-team) · August 23, 2023 [Read more](https://blog.basistheory.com/merchant-discount-rate) [![PCI DSS Requirement 2: Securely Configure Components](https://blog.basistheory.com/hubfs/pci-dss-requirement-2.png)](https://blog.basistheory.com/pci-dss-requirement-2) [PCI Compliance](https://blog.basistheory.com/tag/pci-compliance) ## [PCI DSS Requirement 2: Securely Configure All System Components](https://blog.basistheory.com/pci-dss-requirement-2) Attackers often use default passwords and other vendor default settings to compromise systems. These passwords and settings are both well known and easily accessible... ![Picture of Basis Theory](https://blog.basistheory.com/hs-fs/hubfs/bt-favicon-new.png?width=50&name=bt-favicon-new.png) [Basis Theory](https://blog.basistheory.com/author/basis-theory-team) · August 17, 2023 [Read more](https://blog.basistheory.com/pci-dss-requirement-2) [![Choose the right payment gateway provider for your business](https://blog.basistheory.com/hubfs/select-right-payment-gateway.png)](https://blog.basistheory.com/payment-gateway-providers) [Payments](https://blog.basistheory.com/tag/payments) ## [How to Select the Right Payment Gateway Provider](https://blog.basistheory.com/payment-gateway-providers) 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... ![Picture of Basis Theory](https://blog.basistheory.com/hs-fs/hubfs/bt-favicon-new.png?width=50&name=bt-favicon-new.png) [Basis Theory](https://blog.basistheory.com/author/basis-theory-team) · August 15, 2023 [Read more](https://blog.basistheory.com/payment-gateway-providers) [![PCI DSS Requirement 1](https://blog.basistheory.com/hubfs/pci-dss-requirement-1.png)](https://blog.basistheory.com/pci-dss-requirement-1) [PCI Compliance](https://blog.basistheory.com/tag/pci-compliance) ## [PCI DSS Requirement 1: Install and Maintain Network Security Controls](https://blog.basistheory.com/pci-dss-requirement-1) 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 ... ![Picture of Basis Theory](https://blog.basistheory.com/hs-fs/hubfs/bt-favicon-new.png?width=50&name=bt-favicon-new.png) [Basis Theory](https://blog.basistheory.com/author/basis-theory-team) · August 10, 2023 [Read more](https://blog.basistheory.com/pci-dss-requirement-1) [![July 2023 product changelog](https://blog.basistheory.com/hubfs/july-2023-changelog.png)](https://blog.basistheory.com/july-2023-changelog) [Product](https://blog.basistheory.com/tag/product) ## [July 2023 Changelog](https://blog.basistheory.com/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... ![Picture of Basis Theory](https://blog.basistheory.com/hs-fs/hubfs/bt-favicon-new.png?width=50&name=bt-favicon-new.png) [Basis Theory](https://blog.basistheory.com/author/basis-theory-team) · August 7, 2023 [Read more](https://blog.basistheory.com/july-2023-changelog) [![http service: dual writing for ultimate flexibility](https://blog.basistheory.com/hubfs/http-service-dual-writing.png)](https://blog.basistheory.com/http-service-multi-vaulting) [Product](https://blog.basistheory.com/tag/product) ## [HTTP Service: Dual Write Data for Ultimate Flexibility](https://blog.basistheory.com/http-service-multi-vaulting) 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... ![Picture of Basis Theory](https://blog.basistheory.com/hs-fs/hubfs/bt-favicon-new.png?width=50&name=bt-favicon-new.png) [Basis Theory](https://blog.basistheory.com/author/basis-theory-team) · July 27, 2023 [Read more](https://blog.basistheory.com/http-service-multi-vaulting) [![Compliance Genie: Payments and Compliance Expertise](https://blog.basistheory.com/hubfs/compliance-genie.png)](https://blog.basistheory.com/introducing-compliance-genie) [Compliance](https://blog.basistheory.com/tag/compliance) ## [Introducing Compliance Genie: Instant Access to Payments Expertise, One Question at a Time](https://blog.basistheory.com/introducing-compliance-genie) 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... ![Picture of Basis Theory](https://blog.basistheory.com/hs-fs/hubfs/bt-favicon-new.png?width=50&name=bt-favicon-new.png) [Basis Theory](https://blog.basistheory.com/author/basis-theory-team) · July 26, 2023 [Read more](https://blog.basistheory.com/introducing-compliance-genie) [![top resources to learn more about payments](https://blog.basistheory.com/hubfs/top-resources-learn-payments.png)](https://blog.basistheory.com/resources-learn-payments) [Payments](https://blog.basistheory.com/tag/payments) ## [19 Resources to Learn More About Payments](https://blog.basistheory.com/resources-learn-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... ![Picture of Basis Theory](https://blog.basistheory.com/hs-fs/hubfs/bt-favicon-new.png?width=50&name=bt-favicon-new.png) [Basis Theory](https://blog.basistheory.com/author/basis-theory-team) · July 19, 2023 [Read more](https://blog.basistheory.com/resources-learn-payments) [![payments compliance and monitoring simplified](https://blog.basistheory.com/hubfs/payments-compliance-monitoring.png)](https://blog.basistheory.com/payments-compliance-monitoring) [Payments](https://blog.basistheory.com/tag/payments) ## [Payments Compliance and Monitoring: Simplified](https://blog.basistheory.com/payments-compliance-monitoring) 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... ![Picture of Basis Theory](https://blog.basistheory.com/hs-fs/hubfs/bt-favicon-new.png?width=50&name=bt-favicon-new.png) [Basis Theory](https://blog.basistheory.com/author/basis-theory-team) · July 17, 2023 [Read more](https://blog.basistheory.com/payments-compliance-monitoring) [![KYC data management with Basis Theory](https://blog.basistheory.com/hubfs/revolutionize-kyc.png)](https://blog.basistheory.com/revolutionizing-kyc-data-management) [Resources](https://blog.basistheory.com/tag/resources) ## [Revolutionizing Know-Your-Customer Data Management: Basis Theory’s KYC Data Engine](https://blog.basistheory.com/revolutionizing-kyc-data-management) 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... ![Picture of Basis Theory](https://blog.basistheory.com/hs-fs/hubfs/bt-favicon-new.png?width=50&name=bt-favicon-new.png) [Basis Theory](https://blog.basistheory.com/author/basis-theory-team) · July 12, 2023 [Read more](https://blog.basistheory.com/revolutionizing-kyc-data-management) [![June 2023 product changelog](https://blog.basistheory.com/hubfs/june-2023-product-changelog.png)](https://blog.basistheory.com/june-2023-changelog) [Product](https://blog.basistheory.com/tag/product) ## [June 2023 Product Changelog](https://blog.basistheory.com/june-2023-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... ![Picture of Basis Theory](https://blog.basistheory.com/hs-fs/hubfs/bt-favicon-new.png?width=50&name=bt-favicon-new.png) [Basis Theory](https://blog.basistheory.com/author/basis-theory-team) · July 11, 2023 [Read more](https://blog.basistheory.com/june-2023-changelog) [![how to prevent fraud in payment gateways](https://blog.basistheory.com/hubfs/prevent-payment-gateway-fraud.png)](https://blog.basistheory.com/prevent-payment-gateway-fraud) [Payments](https://blog.basistheory.com/tag/payments) ## [How to Prevent Payment Gateway Fraud](https://blog.basistheory.com/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... ![Picture of Basis Theory](https://blog.basistheory.com/hs-fs/hubfs/bt-favicon-new.png?width=50&name=bt-favicon-new.png) [Basis Theory](https://blog.basistheory.com/author/basis-theory-team) · July 10, 2023 [Read more](https://blog.basistheory.com/prevent-payment-gateway-fraud) [![what are cross-border payments?](https://blog.basistheory.com/hubfs/cross-border-payments.png)](https://blog.basistheory.com/cross-border-payments) [Payments](https://blog.basistheory.com/tag/payments) ## [What are Cross-Border Payments? Everything you Need to Know](https://blog.basistheory.com/cross-border-payments) 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... ![Picture of Basis Theory](https://blog.basistheory.com/hs-fs/hubfs/bt-favicon-new.png?width=50&name=bt-favicon-new.png) [Basis Theory](https://blog.basistheory.com/author/basis-theory-team) · July 5, 2023 [Read more](https://blog.basistheory.com/cross-border-payments) [![What are split payments?](https://blog.basistheory.com/hubfs/split-payments.jpg)](https://blog.basistheory.com/split-payments) [Payments](https://blog.basistheory.com/tag/payments) ## [Why Should You Use Split Payments?](https://blog.basistheory.com/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... ![Picture of The Tilled Team](https://blog.basistheory.com/hs-fs/hubfs/tilled_revision_version%202_transparant%20for%20dark%20background%20(1).png?width=50&name=tilled_revision_version%202_transparant%20for%20dark%20background%20(1).png) [The Tilled Team](https://blog.basistheory.com/author/the-tilled-team) · June 29, 2023 [Read more](https://blog.basistheory.com/split-payments) [![Top Payments trends in 2023](https://blog.basistheory.com/hubfs/payment-statistics-trends-2023.jpg)](https://blog.basistheory.com/payment-statistics) [Payments](https://blog.basistheory.com/tag/payments) ## [Top Payment Statistics and Trends in 2023](https://blog.basistheory.com/payment-statistics) 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 ... ![Picture of Basis Theory](https://blog.basistheory.com/hs-fs/hubfs/bt-favicon-new.png?width=50&name=bt-favicon-new.png) [Basis Theory](https://blog.basistheory.com/author/basis-theory-team) · June 26, 2023 [Read more](https://blog.basistheory.com/payment-statistics) [![Use Cases for Longer CVC Storage](https://blog.basistheory.com/hubfs/use-cases-longer-cvc-storage.jpg)](https://blog.basistheory.com/longer-cvc-storage) [Product](https://blog.basistheory.com/tag/product) ## [How Longer CVC Storage Can Improve Your Payment Flows](https://blog.basistheory.com/longer-cvc-storage) 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... ![Picture of Basis Theory](https://blog.basistheory.com/hs-fs/hubfs/bt-favicon-new.png?width=50&name=bt-favicon-new.png) [Basis Theory](https://blog.basistheory.com/author/basis-theory-team) · June 23, 2023 [Read more](https://blog.basistheory.com/longer-cvc-storage) [![How businesses can process EBT payments](https://blog.basistheory.com/hubfs/process-ebt-payments.jpg)](https://blog.basistheory.com/process-ebt-payments) [Payments](https://blog.basistheory.com/tag/payments) ## [How Businesses Can Process EBT Payments](https://blog.basistheory.com/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.... ![Picture of Basis Theory](https://blog.basistheory.com/hs-fs/hubfs/bt-favicon-new.png?width=50&name=bt-favicon-new.png) [Basis Theory](https://blog.basistheory.com/author/basis-theory-team) · June 20, 2023 [Read more](https://blog.basistheory.com/process-ebt-payments) [![Secure online payments to help merchants scale](https://blog.basistheory.com/hubfs/secure-online-payments-merchants-scale.jpg)](https://blog.basistheory.com/secure-payments-merchants) [Payments](https://blog.basistheory.com/tag/payments) ## [5 Tips for Secure Online Payments: How Merchants Can Scale](https://blog.basistheory.com/secure-payments-merchants) 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 ... ![Picture of Basis Theory](https://blog.basistheory.com/hs-fs/hubfs/bt-favicon-new.png?width=50&name=bt-favicon-new.png) [Basis Theory](https://blog.basistheory.com/author/basis-theory-team) · June 19, 2023 [Read more](https://blog.basistheory.com/secure-payments-merchants) [![What is a payment aggregator?](https://blog.basistheory.com/hubfs/what-is-payment-aggregator.jpg)](https://blog.basistheory.com/payment-aggregator) [Payments](https://blog.basistheory.com/tag/payments) ## [What is a Payment Aggregator?](https://blog.basistheory.com/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... ![Picture of Basis Theory](https://blog.basistheory.com/hs-fs/hubfs/bt-favicon-new.png?width=50&name=bt-favicon-new.png) [Basis Theory](https://blog.basistheory.com/author/basis-theory-team) · June 16, 2023 [Read more](https://blog.basistheory.com/payment-aggregator) [![Payment risks and how to mitigate them](https://blog.basistheory.com/hubfs/mitigate-payment-risks.jpg)](https://blog.basistheory.com/reduce-payment-risks) [Payments](https://blog.basistheory.com/tag/payments) ## [Payment Risks and How to Reduce Them](https://blog.basistheory.com/reduce-payment-risks) 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... ![Picture of Basis Theory](https://blog.basistheory.com/hs-fs/hubfs/bt-favicon-new.png?width=50&name=bt-favicon-new.png) [Basis Theory](https://blog.basistheory.com/author/basis-theory-team) · June 14, 2023 [Read more](https://blog.basistheory.com/reduce-payment-risks) [![How to build your own payment gateway](https://blog.basistheory.com/hubfs/build-payment-gateway.jpg)](https://blog.basistheory.com/build-payment-gateway) [Payments](https://blog.basistheory.com/tag/payments) ## [How to Build Your Own Payment Gateway](https://blog.basistheory.com/build-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... ![Picture of Basis Theory](https://blog.basistheory.com/hs-fs/hubfs/bt-favicon-new.png?width=50&name=bt-favicon-new.png) [Basis Theory](https://blog.basistheory.com/author/basis-theory-team) · June 13, 2023 [Read more](https://blog.basistheory.com/build-payment-gateway) [![how payment analytics can grow business](https://blog.basistheory.com/hubfs/how-payment-analytics-grow-organizations.jpg)](https://blog.basistheory.com/payment-analytics-insights-growth) [Payments](https://blog.basistheory.com/tag/payments) ## [5 Ways to Use Payment Analytics & Insights to Grow Your Business](https://blog.basistheory.com/payment-analytics-insights-growth) 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... ![Picture of Basis Theory](https://blog.basistheory.com/hs-fs/hubfs/bt-favicon-new.png?width=50&name=bt-favicon-new.png) [Basis Theory](https://blog.basistheory.com/author/basis-theory-team) · June 12, 2023 [Read more](https://blog.basistheory.com/payment-analytics-insights-growth) [![May 2023 product changelog](https://blog.basistheory.com/hubfs/May%202023%20Product%20Changelog.png)](https://blog.basistheory.com/may-2023-changelog) [Product](https://blog.basistheory.com/tag/product) ## [May 2023 Product Changelog](https://blog.basistheory.com/may-2023-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... ![Picture of Basis Theory](https://blog.basistheory.com/hs-fs/hubfs/bt-favicon-new.png?width=50&name=bt-favicon-new.png) [Basis Theory](https://blog.basistheory.com/author/basis-theory-team) · June 9, 2023 [Read more](https://blog.basistheory.com/may-2023-changelog) [![payment automation workflows](https://blog.basistheory.com/hubfs/payment-automation-improve-workflows.jpg)](https://blog.basistheory.com/payment-automation-improve-workflows) [Payments](https://blog.basistheory.com/tag/payments) ## [5 Ways Payment Automation Can Improve Your Workflows](https://blog.basistheory.com/payment-automation-improve-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... ![Picture of Basis Theory](https://blog.basistheory.com/hs-fs/hubfs/bt-favicon-new.png?width=50&name=bt-favicon-new.png) [Basis Theory](https://blog.basistheory.com/author/basis-theory-team) · May 24, 2023 [Read more](https://blog.basistheory.com/payment-automation-improve-workflows) [First](https://blog.basistheory.com/page/1) [Prev](https://blog.basistheory.com/page/5) [4](https://blog.basistheory.com/page/4) [5](https://blog.basistheory.com/page/5) [6](https://blog.basistheory.com/page/6) [7](https://blog.basistheory.com/page/7) [8](https://blog.basistheory.com/page/8) [Next](https://blog.basistheory.com/page/7) [Last](https://blog.basistheory.com/page/8) [![BTLogo (1)](https://blog.basistheory.com/hs-fs/hubfs/BTLogo%20(1).png?width=138&height=46&name=BTLogo%20(1).png "BTLogo (1)")](https://basistheory.com) - Use Cases - [Creator Economy](https://basistheory.com/use-cases/creator-economy) - [Digital Health](https://basistheory.com/use-cases/health) - [E-Commerce](https://basistheory.com/use-cases/ecommerce) - [Fintech](https://basistheory.com/use-cases/fintech) - [Gaming](https://basistheory.com/use-cases/gaming) - [Remittance](https://basistheory.com/use-cases/remittance) - [Subscription Platforms](https://basistheory.com/use-cases/subscriptions) - [Online Travel Agencies](https://basistheory.com/use-cases/travel) - [Vertical SaaS](https://basistheory.com/use-cases/vsaas) - Developers - [Quickstart](https://developers.basistheory.com/getting-started) - [Elements](https://developers.basistheory.com/docs/sdks/web/javascript) - [Documentation](https://developers.basistheory.com/) - Basis Theory - [Pricing](https://basistheory.com/pricing) - [Add-Ons](https://basistheory.com/add-ons) - [ROI Calculator](https://go.basistheory.com/roi) - [Case Studies](https://blog.basistheory.com/case-studies) - [Blog](https://blog.basistheory.com) - [Contact](https://basistheory.com/contact) - Other - [Terms and Conditions](https://basistheory.com/resources/terms-of-service) - [Privacy Policy](https://basistheory.com/resources/privacy-policy) - [Cookie Policy](https://basistheory.com/resources/cookie-policy) - [Security](https://basistheory.com/security) - [System Status](https://status.basistheory.com/) - Compare - [Basis Theory Vs. 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