700Pay NexusBanking Solutions
Global compliance requirements
700Pay Nexus is structured as a global compliance framework: one common payment-security baseline, plus a configurable country overlay for local regulators, central banks, schemes, switches, AML/KYC rules, privacy, data residency, and reporting obligations.
Build once around global controls, then localize each deployment with a country profile, regulator evidence pack, and bank approval workflow.
Dynamic assurance model
The compliance process should show a shared operating model: which controls are global, which rules change by country, who owns the evidence, which approvals are needed, and how changes remain certified after go-live.
Country overlay
Each rollout starts with a country profile that records the governing laws, regulators, licensing route, and approval authorities.
Local rules are applied as an overlay on top of PCI, EMV, card-scheme, and bank security controls.
Customer and merchant onboarding must adapt to each country's AML/CFT, sanctions, and beneficial ownership requirements.
Personal data, payment data, biometrics, logs, and cross-border transfer rules are captured per market.
Disputes, refunds, chargebacks, statements, fee disclosure, and complaints must match the local market rulebook.
The bank receives one localized evidence pack for each country, ready for regulator, acquirer, switch, and audit review.
Global baseline
Applies to the cardholder data environment for systems that store, process, or transmit payment account data.
Required for PIN-capable payment terminals and secure point-of-interaction devices used in merchant environments.
Applies to payment software that participates in transaction processing or handles payment account data.
Required where PINs and cryptographic keys are created, conveyed, loaded, used, or administered.
Recommended to reduce exposure by encrypting account data from acceptance through secure decryption.
Required for chip, tap-card, mobile wallet, smartphone, smartwatch, and NFC payment acceptance.
Applies when commercial mobile devices are used to accept contactless card data and PIN entry.
Each market may require local central-bank, acquirer, switch, and card-scheme approval before production launch.
Required for bank production operations, audit readiness, and secure ongoing support.
Certification process
Identify regulators, licenses, payment rails, privacy rules, data residency, AML/KYC obligations, taxes, and reporting requirements.
Map payment flows, data flows, devices, software modules, host systems, merchants, third parties, and cross-border processing.
Decide which global and local standards apply: PCI, EMV, PIN, P2PE, MPoC, schemes, switch rules, AML, privacy, and central-bank rules.
Define architecture, segmentation, encryption, key management, access roles, logging, secure SDLC, device estate, and operating procedures.
Prepare policies, diagrams, data-flow maps, test cases, country matrices, configuration baselines, scans, lab reports, and audit trails.
Work with local counsel, QSAs, SSF assessors, PCI labs, EMVCo-recognized labs, acquirers, switches, schemes, and regulators as needed.
Run controlled pilots, close findings, receive bank and regulator approval, freeze approved versions, and launch controlled rollout.
Run attestations, patch cycles, key rotation, device inspections, country rule monitoring, re-certifications, and change approvals.
Evidence checklist
Official references
Global compliance note
This page is a global delivery planning guide for 700Pay Nexus. The actual obligations, approvals, language, tax, privacy, data residency, AML/KYC, reporting, and evidence scope must be validated for each country, bank, acquirer, card scheme, device model, and payment flow.