The Payments Association

MARCH 19, 2025

Technological advancements, including NFC, QR codes, and biometric authentication, have made digital wallets more user-friendly and secure. Digital wallet providers must: Implement robust encryption and tokenisation to protect card details and transaction data. Regulatory challenges Regulators are in a race against time.

Digital Payments 88

Digital Payments Finance Online and Mobile Banking Payments 88

Stax

MARCH 4, 2024

It’s also critical to ensure card information is protected from data breaches with secure encryption and cybersecurity standards in place. NFC payments, including digital wallets, are very secure, relying on encryption to mask the card number, further protecting cardholder information. What is SSL/TLS?

PCI DSS 88

PCI DSS Payment Security Security MFA 88

VISTA InfoSec

DECEMBER 19, 2024

Use multi-factor authentication (MFA) for SWIFT interfaces and applications. Secure Messaging Practices Encrypt all financial messages transmitted over the SWIFT network. Access Control Implement role-based access controls (RBAC) to limit access to critical systems. Regularly review and update user access privileges.

SWIFT 173

SWIFT Cybersecurity PCI DSS Compliance 173

EBizCharge

MARCH 18, 2025

PCI-compliant Sage 100 payment software providers must maintain strict security standards and enforce various measures, such as advanced encryption and tokenization, to safeguard sensitive payment data. By adhering to these standards, businesses can reduce data breach risks and maintain regulatory compliance.

Credit Cards 52

Credit Cards Process Security Data Breach 52

VISTA InfoSec

APRIL 3, 2024

Encryption is a vital safeguard that transforms data into a format that is unintelligible without the corresponding decryption key. Encrypted data remains safe from prying eyes both in transit and at rest. Implementing strong encryption protocols is a critical step towards securing an organization’s data ecosystem.

Cybersecurity 130

Cybersecurity Encryption Breach Phishing 130

VISTA InfoSec

SEPTEMBER 25, 2024

Some best practices to ensure robust cybersecurity include: Data Encryption: All sensitive data should be encrypted both in transit and at rest to prevent unauthorized access and ensure efficient data security measures. Authentication: Implement multi-factor authentication (MFA) to add an extra layer of security to your system.

Cybersecurity 130

Cybersecurity CRM Disaster Recovery Encryption 130

VISTA InfoSec

OCTOBER 21, 2024

Some best practices to ensure robust cybersecurity include: Data Encryption: All sensitive data should be encrypted both in transit and at rest to prevent unauthorized access and ensure efficient data security measures. Authentication: Implement multi-factor authentication (MFA) to add an extra layer of security to your system.

Cybersecurity 130

Cybersecurity CRM Disaster Recovery Encryption 130

VISTA InfoSec

NOVEMBER 12, 2024

PCI DSS Requirements for SaaS platforms Network security : SaaS platforms must secure their networks using firewalls, encryption, and other measures to prevent unauthorized access to sensitive data ( Requirement 1.1 ). Data protection : Cardholder data should be encrypted both in transit and at rest ( Requirement 3.4 ).

PCI DSS 130

PCI DSS Compliance Encryption Audit 130

VISTA InfoSec

NOVEMBER 12, 2024

PCI DSS Requirements for SaaS platforms Network security : SaaS platforms must secure their networks using firewalls, encryption, and other measures to prevent unauthorized access to sensitive data ( Requirement 1.1 ). Data protection : Cardholder data should be encrypted both in transit and at rest ( Requirement 3.4 ).

PCI DSS 130

PCI DSS Compliance Encryption Audit 130

Segpay

DECEMBER 13, 2024

The Intersection of Data Privacy and Identity Management Source: ID Management Institute Identity management helps authenticate users and makes sure that only authorized individuals can access certain information. In identity management, this means gathering only what is strictly needed for authentication.

Privacy 105

Privacy Compliance CCPA Authentication 105

VISTA InfoSec

DECEMBER 19, 2024

Use multi-factor authentication (MFA) for SWIFT interfaces and applications. Secure Messaging Practices Encrypt all financial messages transmitted over the SWIFT network. Access Control Implement role-based access controls (RBAC) to limit access to critical systems. Regularly review and update user access privileges.

SWIFT 130

SWIFT Cybersecurity PCI DSS Compliance 130

VISTA InfoSec

JULY 31, 2023

Protect Stored Cardholder Data: PCI DSS Requirement 3 reduces risks of storing sensitive data by using encryption, truncation, masking and hashing to protect cardholder data from hackers; thereby ensuring compliance with regulations. Hackers target data in transit, making it important to implement safeguards and encryption measures.

PCI DSS 130

PCI DSS Security Encryption Compliance 130

Segpay

NOVEMBER 26, 2024

By using technologies such as document verification, biometric authentication, and liveness detection, businesses can verify new customers’ identities in real time, often within minutes. These platforms often rely on a combination of multi-factor authentication (MFA), which may include passwords, biometric verification (e.g.,

Verification 111

Verification Identity Theft Money Laundering Due Diligence 111

Global Fintech & Digital Assets

DECEMBER 11, 2023

Technical Controls The Amendments introduce a number of heightened technical controls, including: Multifactor Authentication: With only very limited exceptions, multifactor authentication (MFA) is now required for “any individual” accessing “any information system” of a covered entity.

Cybersecurity 59

Cybersecurity Multifactor Authentication Risk Assessment MFA 59

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

Stax

SEPTEMBER 17, 2024

Protect Stored Cardholder Data Organizations must protect stored cardholder data and other credit card information using encryption, masking, hashing, or other methods to make the data unreadable to unauthorized individuals. Additionally, sensitive authentication data must never be stored after authorization, even if encrypted.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

Stax

NOVEMBER 21, 2024

The fact that the customer is not present physically at your store makes it a high-risk transaction, and the use of security measures like two-factor authentication is highly recommended. A good example is restaurants that accept customer takeout orders over the phone. It serves as a link between your website and your payment processor.

Credit Cards 88

Credit Cards Small Business Process Credit Card Payment Processing 88

Stax

JULY 9, 2024

Advanced encryption techniques are used to protect sensitive data during transmission, ensuring that personal and financial information remains confidential. Compliance requires implementing robust security measures, such as encryption and authentication protocols, regularly auditing processes, and staying updated on regulatory changes.

Electronic Fund Transfer Act (EFTA) 88

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

EBizCharge

MARCH 12, 2024

With tokenization and encryption technology, businesses can confidently process payments, knowing their customers’ information is safe and secure. Reliable payment processors or platforms that offer robust encryption and fraud detection systems can help with this.

Credit Cards 52

Credit Cards ACH Payment Gateways PCI DSS 52

EBizCharge

JULY 19, 2024

Lack of encryption Encryption is essential for protecting sensitive cardholder data during transmission over public networks. Standard PDF forms don’t typically offer end-to-end encryption for data in transit or at rest, making the sensitive information vulnerable to interception or unauthorized access by cybercriminals.

PCI DSS 52

PCI DSS Compliance Credit Cards Third-Party Service Provider 52

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

Seon

JUNE 15, 2023

This means that a significant proportion of the surveyed businesses decided that traditional approaches to email security, such as firewalls, were not enough and should be enhanced with authentication processes such as multi-factor authentication (MFA) and encryption technologies.

Email Compromise 52

Email Compromise Compromise Business Email Compromise Risk 52

Nanonets

MAY 3, 2023

Like other fintech tools, Planful and Predict protect their users’ financial data with MFA as well as layers of the latest encryption technology. Rebank uses multiple laters of data encryption and multi-factor authentication to protect its users’ financial data. 💡 Is it secure?

AI 94

AI Finance Advisors Fed 94

Seon

SEPTEMBER 28, 2023

This includes protecting themselves with approaches such as multi-factor authentication and malware recognition, or using reverse lookup to assess whether someone is trustworthy. Network security maintenance : The use of regularly updated firewalls and encryption systems.

Security 52

Security Phishing Best Practices Data Breach 52

PYMNTS

NOVEMBER 12, 2019

Defending against such threats means encrypting sensitive data both in storage and transit, applying multi-factor authentication (MFA), using penetration testing, accessing continual attack monitoring and more. It is critical that platforms protect themselves against phishing and malware, Farris said. Ramping Up Protections.

Money Laundering 40

Money Laundering AML Authentication MFA 40

EBizCharge

JULY 16, 2024

Entities handling this information must ensure storage and transmission encryption, preventing unauthorized access and potential breaches. Entities must follow essential practices, such as incorporating strong access controls, routinely updating security protocols, and employing advanced encryption technology.

NACHA 52

NACHA Nacha Rules ACH Network ACH 52

EBizCharge

SEPTEMBER 6, 2024

Extensive security features Integrated accounting systems ensure data security through extensive security features like encryption, role-based access controls, and audit trails.

Accounts 52

Accounts CRM Automation Audit 52

Nanonets

SEPTEMBER 25, 2024

Encryption ensures data security both when stored and when transmitted.    Limiting access to only authorized personnel, implementing Multi-Factor Authentication (MFA), and employing data masking techniques reduce the risk of data breaches. 

Process 52

Process AI Best Practices Reconciliation 52

The Payments Association

FEBRUARY 17, 2025

As AiTM fraud rises, businesses must adopt multi-layered security, biometric authentication, and user education to stay ahead of evolving threats. When the victim enters their credentials, the attacker captures these details and may steal session cookies to bypass multifactor authentication (MFA).

Phishing 88

Phishing Multifactor Authentication Authentication Credential 88

Segpay

DECEMBER 19, 2024

IDaaS provides ID authentication, authorization, and identity lifecycle management services to users across multiple applications, platforms, and devices in the Cloud. These providers offer features like single sign-on (SSO), multi-factor authentication (MFA), and identity governance, all delivered through a secure cloud environment.

Verification 104

Verification Authentication MFA Compliance 104

The Payments Association

DECEMBER 10, 2024

However, In addition to adopting advanced fraud detection tools, payments firms must implement robust authentication methods such as multi-factor authentication (MFA), biometric verification (e.g., fingerprints, facial recognition), and behavioural biometrics (e.g., keystroke dynamics or mouse movements).

AI 88

AI Fraud Detection Deepfake Fraud Prevention 88

Stax

OCTOBER 13, 2024

Quicken Security Features Quicken uses 256-bit encryption to secure your data, ensuring your financial information is protected while using the software. It uses advanced encryption protocols to ensure that all information transmitted between devices and the cloud is secure. Which Accounting Software Platform is Better?

Small Business 88

Small Business Online and Mobile Banking Encryption Finance 88

EBizCharge

MARCH 21, 2025

Accounting AI software uses encryption, multi-factor authentication (MFA), and anomaly detection to protect sensitive financial data. Accounting AI software uses encryption, multi-factor authentication (MFA), and anomaly detection to protect sensitive financial data.

AI 52

AI Accounts Fraud Detection Audit 52

EBizCharge

FEBRUARY 13, 2025

A reliable payment processing solution should include advanced security measures such as tokenization and encryption, which replace credit card data with a secure token to prevent exposure of sensitive information and safeguard payment data during transmission, making it nearly impossible for hackers to intercept or misuse it.

Processors 52

Processors Payment Gateways Duplicate Disputes 52