Stax

JULY 16, 2024

As more consumers gravitate online, they risk putting more sensitive authentication data and financial information on the internet. Unfortunately, personal data is most sought-after by criminals. security requirements are. This was a huge leap from 2018 when only 29% used cashless payments for the same.

PCI DSS 88

PCI DSS Compliance Credit Cards Encryption 88

PYMNTS

NOVEMBER 10, 2020

Atlanta payments encryption firm Bluefin is partnering with New York mobile payments processor PAAY to advance eCommerce security. PAAY provides strong authentication at the front door and Bluefin encrypts and tokenizes the data at the point of interaction on the web.

Transactions 93

Transactions Security Encryption CCPA 93

Basis Theory

OCTOBER 1, 2024

Whether that is collecting credit card numbers to transmit with a payment gateway, placing details into a shared customer relationship management system, or storing card numbers in an encrypted database—all of this sensitive information must be protected according to the specifics of the PCI-DSS standard.

PCI DSS 88

PCI DSS Compliance Encryption Assessments 88

Tearsheet

JULY 1, 2024

Additionally, the conversation touches on important considerations such as data security, implementation challenges for businesses adopting new payment technologies, and potential future developments in the field. Two-factor authentication, encryption and fraud detection are minimum requirements. Continuous monitoring.

BNPL 105

BNPL Online and Mobile Banking Encryption Payments 105

VISTA InfoSec

JULY 31, 2023

The PCI DSS Checklist is a crucial first step in securing your business. It’s a tool that helps businesses ensure they’re meeting all the requirements of the Payment Card Industry Data Security Standard (PCI DSS). Maintain Documentation : Maintain documentation for your configuration security hardening procedures.

PCI DSS 130

PCI DSS Security Encryption Compliance 130

The Fintech Times

APRIL 8, 2024

SUNRATE , a Singapore-based payment and treasury management platform, is bringing Apple Pay to its customers, offering a safer, more secure and private way to pay, and using the iPhone’s power to protect each transaction. Now, SUNRATE customers can use an iPhone or Apple Watch at payment terminals to make contactless payments.

Credit Cards 59

Credit Cards PCI DSS Commercial Card Treasury Management 59

Fintech Finance

APRIL 8, 2024

. “More and more businesses seek out for the same degree of convenience and security that they enjoy in their everyday personal transactions – therefore, even though we are known to be a global B2B payment platform, we’re thrilled to bring Apple Pay to our customers,” said Qincheng Wang, Head of Product, SUNRATE.

Credit Cards 52

Credit Cards PCI DSS Commercial Card Contactless Payments 52

PYMNTS

DECEMBER 4, 2017

Or, according to the latest data, many small businesses haven’t learned this lesson. In this week’s B2B Data Digest, PYMNTS dives into new research about small businesses’ data security and cybersecurity efforts. Clutch warned that fines for non-compliance with these rules can reach into the millions of dollars. —54

Small Business 54

Small Business Data Security PCI DSS Data Breach 54

PYMNTS

MARCH 8, 2017

7), Bluefin Payment Systems announced its new partnership with international online payments and fraud and data management solutions provider First Atlantic Commerce (FAC). PYMNTS: How will the partnership help to expand data security in the market? On Tuesday (Mar. What will it mean for the payments industry as a whole?

Encryption 40

Encryption Data Breach Payment APIs and Integration Point-of-Sale (POS) 40

Clearly Payments

MARCH 22, 2024

The Technology Behind Mobile Payments Mobile payments rely on a sophisticated blend of technologies to facilitate seamless, secure, and convenient transactions. At the heart of mobile payment systems are Near Field Communication (NFC), Quick Response (QR) codes, and secure elements such as encryption and tokenization.

Contactless Payments 102

Contactless Payments Online and Mobile Banking Mobile Payments Payments 102

The Paypers

MARCH 24, 2016

(The Paypers) Entrust Datacard and Trend Micro have teamed up to provide data security to enterprises that need strong data encryption and authentication technology.

Data Security 28

Data Security Data Encryption Security Encryption 28

Finovate

FEBRUARY 8, 2024

Payments, identities, and data security company Entrust confirmed that it has entered “exclusive discussions” to acquire identity verification technology company Onfido. Trusted payments, identities, and data security company Entrust may be on the verge of acquiring identity verification (IDV) technology company Onfido.

Acquirers 52

Acquirers Verification Deepfake AI 52

PYMNTS

MARCH 24, 2016

SECURITY AND PRIVACY — CAN WE HAVE IT ALL? “Encryption is one of the best ways to protect data. The “everything else” is consumers transacting on the Web with ease and criminals not being able to easily have access to data that they could use for malicious purposes. Department of Justice has demonstrated.

Encryption 41

Encryption Compromise Privacy Credential 41

VISTA InfoSec

JUNE 18, 2024

Backup Your Data Regularly Safeguarding your vital data is non-negotiable. Implement a solid backup strategy to renew your operations after disruptive incidents like ransomware encryptions, hardware failures, or accidental deletions. When crisis inevitably strikes, you’ll bounce back with irreplaceable data intact.

Data Security 208

Data Security Security Encryption Cybersecurity 208

EBizCharge

JULY 19, 2024

By understanding these pitfalls, businesses can take proactive steps to adopt more secure payment processing solutions. Here are five reasons why PDF forms fall short of the stringent requirements for secure credit card transactions. 1. Insecure storage Storing payment card data requires secure systems to prevent breaches.

PCI DSS 52

PCI DSS Compliance Credit Cards Third-Party Service Provider 52

M2P Fintech

JANUARY 3, 2024

Regulatory Compliance To stay compliant, banks need to adhere to central bank regulations on transaction security, data security, and privacy, among others. Core banking systems must have integrated compliance features that can adapt to evolving standards and regulations for robust security and fraud detection.

Payment APIs and Integration 59

Payment APIs and Integration CRM Online and Mobile Banking Regulatory Compliance 59

EBizCharge

AUGUST 8, 2024

Security: Salesforce adheres to stringent security protocols, such as PCI compliance, multi-factor authentication (MFA), and advanced data encryption, to safeguard payment data. Encryption, fraud detection systems, and regular security audits protect business financial information and customer payment data.

Processors 52

Processors Payment Gateways Fraud Detection Encryption 52

Stax

SEPTEMBER 17, 2024

Most payment gateways come with features like fraud detection and data encryption that are specifically geared towards keeping your customers’ payment information secure. The gateways authorize the customer’s payment and encrypt the cardholder information. How Does a Payment Gateway Work?

Payment Gateways 88

Payment Gateways Gateways Payment APIs and Integration Online and Mobile Banking 88

Stax

JULY 9, 2024

EFT payments offer a high level of security compared to traditional payment methods. Advanced encryption techniques are used to protect sensitive data during transmission, ensuring that personal and financial information remains confidential. Relatively inexpensive. Q: How are EFT payments regulated?

Electronic Fund Transfer Act (EFTA) 88

Electronic Fund Transfer Act (EFTA) ACH Electronic Funds Transfer (EFT) Funds Transfer 88

EBizCharge

MARCH 12, 2024

Therefore, merchants should offer popular payment options that provide consumers flexibility and robust security features to protect sensitive data. For this, look for payment providers that are compliant with relevant regulations and standards, like the Payment Card Industry Data Security Standard (PCI DSS).

Credit Cards 52

Credit Cards ACH Payment Gateways PCI DSS 52

Exact Payments

JANUARY 4, 2024

The Payment Card Industry Data Security Standard (PCI DSS) plays a crucial role in protecting cardholder data for businesses that accept credit card payments. This set of security guidelines is mandated by major credit card associations such as Visa, Mastercard, American Express, and Discover.

PCI DSS 52

PCI DSS Compliance Audit Encryption 52

Payment Savvy

MAY 10, 2024

With Plaid acting as the intermediary, your sensitive login credentials never get shared directly with Venmo, enhancing the security of your financial information. Plaid bank verification is the process employed by financial apps like Venmo to authenticate bank account ownership and verify funds status. What Is Plaid Bank Verification?

Payment APIs and Integration 52

Payment APIs and Integration Venmo Privacy Credential 52

VISTA InfoSec

NOVEMBER 7, 2023

We live in a world where remote access to data is the norm, opening up additional vulnerabilities when protecting digital assets. Additionally, organizations need to comply with data privacy requirements including understanding Digital Personal Data Protection. Mutli-Factor Authentication (MFA) isn’t a new concept.

Authentication 130

Authentication MFA Cybersecurity Credential 130

PYMNTS

OCTOBER 25, 2017

While 96 percent said they know they will be working with sensitive data stored in some type of “advanced technology environment” this year, nearly half said they are deploying these environments before taking appropriate measures to upgrade data security. Despite this, though, data security seems to be lagging.

Breach 41

Breach Data Breach Encryption Data Security 41

VISTA InfoSec

FEBRUARY 16, 2024

. - The software should be developed based on industry standards and/or best practices for secure development. - The development should be in accordance with PCI DSS (Payment Card Industry Data Security Standard). This includes aspects like secure authentication and logging. for this process. PCI DSS v4.0

PCI DSS 100

PCI DSS Procedures Best Practices Verification 100

Segpay

JUNE 13, 2024

Compliance with Industry Standards Your business should comply with industry bare minimums like Payment Card Industry Data Security Standard (PCI DSS). PCI DSS compliance sets industry requirements that safeguard payment card data using encryption, firewalls, and regular security audits.

Best Practices 40

Best Practices Processors Transactions Security 40

PYMNTS

SEPTEMBER 26, 2016

SWIFT wants its network members to tighten security, stating: “The targeted customers have, however, shared one thing in common: They have all had particular weaknesses in their local security.”. Authentication methods for payments networks, such as SWIFT, or P2P money transfer apps are still not completely secure.

Online and Mobile Banking 78

Online and Mobile Banking SWIFT Credential Central Bank 78

PYMNTS

MARCH 6, 2019

We are proposing to amend our data security rules for financial institutions to better protect consumers and provide more certainty for business[es],” said Andrew Smith, director of the FTC’s Bureau of Consumer Protection, in a press release.

FTC 60

FTC Privacy Consumer Financial Protection Bureau (CFPB) Security 60

FICO

NOVEMBER 1, 2016

The following are a few of the most widely discussed changes: Enhanced multi-factor authentication. Currently, multi-factor authentication is only required for a limited subset of external applications such as internet banking channels. Data encryption. Annual certification.

Cybersecurity 81

Cybersecurity Regulations PCI DSS Data Encryption 81

Payment Savvy

JULY 3, 2024

Security Measures in Debit Card Payment Processing Here’s a breakdown of security measures employed in debit card payment processing: Encryption Encryption involves converting sensitive information (debit card numbers and personal details) into a coded format that is unreadable without a unique decryption key.

Debit Card 52

Debit Card Process PCI DSS Processors 52

Stax

AUGUST 22, 2024

Some of these mechanisms include advanced machine learning algorithms, real-time transaction monitoring, and multi-factor authentication. You need to adhere to KYC (Know Your Customer) requirements, GDPR (General Data Protection Regulation), and AML (Anti-Money Laundering) regulations among others.

Risk Management 88

Risk Management Risk Regulatory Compliance Payment APIs and Integration 88

Nanonets

SEPTEMBER 21, 2023

Another advantage of EDI payment solutions is that they are highly secure. The use of encryption ensures that payment information is transmitted safely and kept confidential. This makes EDI payments preferable to traditional payment methods, which may be less secure and more vulnerable to fraud or theft.

Payment Solutions 52

Payment Solutions Payee Payments Payer 52

Exact Payments

JULY 1, 2024

Our software partners transmit merchant data to our APIs using Transport Layer Security (TLS) encryption. TLS encrypts data during transit and offers enhanced security features to combat man-in-the-middle (MiTM) attacks. The encrypted data is then written to our database. We implement TLS 1.3,

Data Security 52

Data Security Security Encryption Payment APIs and Integration 52

CB Insights

MARCH 27, 2019

These high-profile data breaches (among many others over the last few years) have put the general public on high alert, with talk of data protection becoming an increasing priority. Read our future of data security report for more on this topic. ). The Controversies.

Cybersecurity 76

Cybersecurity Encryption Data Breach Breach 76

PYMNTS

JULY 6, 2017

In the age of smart technology enabling online payments on their behalf, the news comes as no surprise that people are very concerned about data privacy and data security. Existing payments devices have pioneered new methods of encryption — why reinvent the wheel? Payments and banking are likely to merge.

Encryption 68

Encryption Privacy Authentication Data Security 68

PYMNTS

AUGUST 21, 2019

PYMNTS spoke with iRobot SVP and CIO Mike Tirozzi and Director of Product and Data Security Mike Gillen about keeping devices secure. “We As alluded to above, data security must be considered over a device’s lifetime. Outdated software is an often overlooked security flaw. The Corporate Perspective.

Security 66

Security Data Breach Encryption Breach 66

Stax

AUGUST 29, 2024

It will also communicate with the customer’s card issuer to verify the authenticity of the card details entered into your checkout page. To ensure a secure transaction, the payment gateway will encrypt all the financial information the customer provides at the point of entry, which can be a POS terminal, card reader, website, or mobile app.

Payment Service Provider (PSP) 88

Payment Service Provider (PSP) Service Provider Payment Gateways Online and Mobile Banking 88