Segpay

DECEMBER 13, 2024

However, the implementation of strong identity management systems must align with data protection regulations, so that the collection, storage, and processing of data for identification purposes does not compromise individuals’ privacy. If a breach occurs, identity data, once compromised, is hard to restore.

Privacy 105

Privacy Compliance CCPA Authentication 105

PYMNTS

OCTOBER 9, 2020

state employment programs to phishing scams with bad actors claiming to represent retailers — such as luxury brand Vince Camuto in one recent email scam — to good old-fashioned identity theft. Digital-first banks, insurance firms and merchants are tasked with protecting against the schemes to keep their customers’ data secure.

Verification 83

Verification Consumer Online and Mobile Banking Scams 83

PYMNTS

APRIL 7, 2017

Companies like Finicity are striking data-sharing deals in a market climate wrought with data breaches and fraud, too: Earlier this year, the Identity Theft Resource Center and CyberScout found that data breaches in the U.S.

Consumer Financial Protection Bureau (CFPB) 76

Consumer Financial Protection Bureau (CFPB) Technology CFPB API 76

PYMNTS

OCTOBER 29, 2018

Payments and commerce fraud has its own ecosystem, one that includes criminals, servers and other computing devices, IP addresses, compromised payment cards and stolen personal data, and even houses and other physical locations.

Fraud Prevention 79

Fraud Prevention Identity Theft Third-Party Service Provider Account Takeovers 79

Clearly Payments

JANUARY 8, 2024

This can include stolen credit card information, identity theft, or fraudulent transactions. A crucial aspect of risk management involves adhering to the Payment Card Industry Data Security Standard (PCI DSS) , which sets stringent guidelines for securing payment transactions and protecting cardholder information.

Risk Management 97

Risk Management Risk PCI DSS Process 97

Clearly Payments

MARCH 22, 2024

Tokenization adds another layer of security by replacing sensitive information, such as credit card numbers, with a unique token that is useless if intercepted. This means that even if a transaction is compromised, the actual card details remain secure.

Contactless Payments 105

Contactless Payments Online and Mobile Banking Mobile Payments Payments 105

Clearly Payments

MARCH 4, 2024

From large-scale data breaches to intricate schemes, fraudulent activities have left lasting marks on the financial landscape. Over 40 million credit and debit card accounts compromised. The breach exposed the sensitive credit card information of millions, igniting concerns over data security and regulatory oversight.

Phishing 59

Phishing Data Breach Law Enforcement Money Laundering 59

PYMNTS

MARCH 2, 2018

Thursday was the same day the company said that more individuals in the United States were hit by last year’s data breach than had been initially estimated. That’s a lot of compromised data, of course. The latest tally comes to 147.9 million, up 2.4

Breach 41

Breach Data Breach Identity Theft Data Security 41

Stax

AUGUST 20, 2024

Data security and privacy concerns Collecting your customers’ data for personalized services poses serious threats if the data is breached. Financial institutions and their partners must have data security standards in place to avoid getting compromised.

Embedded Finance 88

Embedded Finance Finance FinTech Payment APIs and Integration 88

PYMNTS

APRIL 17, 2018

A “hashing module of the processing server” would then generate an “identity value” for each entity, as well as create a block with a timestamp and record of the most recent block added to the blockchain.

Blockchain 52

Blockchain Visa Credential Blocks 52

Stax

JULY 9, 2024

Key regulations governing EFT payments include the National Automated Clearing House Association (NACHA) rules, which establish guidelines for ACH transfers, and the Payment Card Industry Data Security Standard (PCI DSS), which sets security standards for handling card information.

Electronic Fund Transfer Act (EFTA) 88

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

PYMNTS

AUGUST 21, 2018

Beyond the static number, said Pointner, a trend is afoot, one where large institutions are hacked, time and again, and where the data leaks out. Data Point Two: 90 Percent. As Pointner said, “There is not enough understanding yet about how tough it can get when, really, someone compromises your data.”.

Data Breach 42

Data Breach Breach Laws Authentication 42

PYMNTS

NOVEMBER 6, 2017

After all, your very name, address, telephone number, maiden name and so on are all ticking time bombs, putting you at risk for identity theft. If the SSN and all manner of traditional identifiers have been compromised and are floating around the dark web, biometrics is the cure-all. Biometrics May Not Be the Panacea.

Security 43

Security Consumer Office of the Comptroller of the Currency Identity Theft 43