What You Need to Know About Cross-Border Payments and PCI Compliance
Cross-border payments are becoming increasingly popular as businesses look for more efficient and cost-effective ways to transact. But before you take the plunge, there’s an important consideration—PCI compliance. Read this blog to learn more about cross-border payments and how they relate to PCI compliance. What Are Cross-Border Payments? Cross-border payments are financial transactions that occur between two countries or regions. This can involve the transfer of funds, goods, or services across international borders. In an increasingly globalized economy, cross-border payments are an efficient and cost-effective way to transact with customers around the world. What Are Examples of Cross-Border Payments? Cross-border payments can take many forms. Common examples include: Merchant-to-merchant payments, such as those made between businesses in different countries. Consumer-to-consumer payments, such as those made…