Basis Theory

What is Basis Theory?

Basis Theory is an AI-powered bot that provides accurate, useful information about payment regulationsasi. It focuses on the network rules of Mastercard and Visa, giving you on-demand access to expert knowledge so you don’t have to dig through complex compliance documents yourself.

Who created Basis Theory?

Basis Theory is a product of Compliance Genie, a company founded by Mit Shah, who also serves as Co-Founder and COO of Method Financial. Compliance Genie is an AI-powered assistant built for payment regulation insights.

What is Basis Theory used for?

• Answering questions about Mastercard and Visa network rules
• Supporting PCI DSS compliance efforts
• Providing fast, accurate payment regulation insights
• Helping with secure handling of sensitive data
• Tokenization of payment data at a lower cost
• Speeding up compliance workflows
• Integrating with existing systems

How to use Basis Theory

Compliance Genie, the bot behind Basis Theory, offers subscription plans. The Starter plan is $495 per month and includes 10,000 tokens. A Custom plan adds features like PCI SAQ D-specific responses and onboarding help.

After signing up, users can ask questions about payment regulations and get immediate, precise guidance. It is designed to make compliance work faster and reduce the time spent interpreting Mastercard and Visa network rules.