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.

PCI DSS 88

PCI DSS Payment Security Security MFA 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.

PCI DSS 88

PCI DSS Credit Cards Compliance Process 88

Clearly Payments

FEBRUARY 14, 2024

From independent sales organizations (ISOs) and payment facilitators (PayFacs) to acquirers, card associations, and beyond, each entity plays a unique role in shaping the payment industry. The payment processing ecosystem is vast and multifaceted, with a staggering array of statistics underscoring its significance.

Payments 104

Payments BNPL Value Added Service Payment Gateways 104

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

PYMNTS

FEBRUARY 1, 2017

The UK Cards Association reported that, as of Nov. 2016, there were more than 100 million contactless cards in issue in the U.K., Instead, customers pay by touching their contactless card or mobile device to the terminal, making it perfect for quick purchases in coffee shops, supermarkets and local retailers.

Contactless Payments 40

Contactless Payments Transactions Payments Card Association 40

BNG Payments

FEBRUARY 4, 2022

In addition to online payments, if an organization wants to accept offline donations via credit cards, a merchant account is used alongside a hand-held credit card reader.  A card association is a group of banks that sets the terms for all credit card transactions.

Credit Cards 52

Credit Cards Process Processors ACH 52

FICO

FEBRUARY 18, 2019

In this they state : “A one-time password sent via SMS may be used to validate possession of the SIM card associated with a customer’s mobile phone number. Some argue that this cannot be done safely with SMS unless the transaction information is encrypted and included in the SMS message.

Authentication 45

Authentication Online and Mobile Banking Mitigation Transactions 45