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How the CFPB’s 1033 Final Rule Differs from the Initial Proposal

Finovate

In order to accomplish this, the CFPB is requiring financial institutions, credit card issuers, and third-party fintech providers to make consumers’ personal financial data available to transfer to another provider for free.

Rules 52
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Everything You Need to Know About Secure Payment Processing Systems

Stax

Because more credit card-oriented purchases take place online, security and fraud protection are top priorities. Security threats can come from anywhere, and that is why you must institute checks and specific credit card processing policies that secure sensitive client details. Enter secure payment systems (SPS).

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