Stax

JULY 16, 2024

If merchants are exposed to security vulnerabilities when processing digital payments, the risk of cardholder data falling into the wrong hands increases exponentially. This is why PCI DSS compliance is critical. In this article, we’ll discuss why your business needs to ensure PCI compliance and what the 12 PCI DSS v4.0

PCI DSS 88

PCI DSS Compliance Credit Cards Encryption 88

Evolve Payment

NOVEMBER 19, 2024

Table of Contents PCI Compliance in a Nutshell PCI compliance, also known as the Payment Card Industry Data Security Standard , or PCI-DSS, is an important standard that major credit card companies like Visa and Mastercard have adopted to protect themselves and their merchants from the risks associated with exposed cardholder data.

PCI DSS 94

PCI DSS Compliance Processors Breach 94

PYMNTS

OCTOBER 5, 2020

Hackers often try to intercept the data as it travels between entities, attempting to breach retailers’ or their payment providers’ systems to obtain stored cardholder details. PCI DSS is intended to help combat this by instructing merchants on safeguarding the transactional steps in which they are involved.

Data Breach 82

Data Breach Breach PCI DSS Compliance 82

Fi911

MARCH 26, 2024

Tokenization is a security measure that swaps sensitive data with a random number or “token.” This token holds no traceable connection to the real data, offering optimal data security for merchants and cardholders alike. Meanwhile, sensitive cardholder data is swapped with a unique, single-use token.

PCI DSS 98

PCI DSS Encryption Origination Data Security 98

Stax

JANUARY 15, 2024

PCI DSS compliance, a global framework, mandates specific requirements and best practices for maintaining credit card data security. Whether adhering to federal mandates, state laws, or international compliance, there’s a global framework that ensures secure financial transactions worldwide.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

PYMNTS

DECEMBER 4, 2017

McAfee Labs recently published its 2018 Threats Predictions report , and after a year of high-profile cyberattacks and data breaches, analysts say the threat won’t let up in the new year. If there’s one thing the enterprise has learned this year, it’s that a data breach can happen to any business — including small businesses (SMBs).

Small Business 54

Small Business Data Security PCI DSS Data Breach 54

Payments Source

JANUARY 14, 2018

With less than three months before the PCI DSS Requirement 8.3

PCI DSS 79

PCI DSS Authentication Breach Data Security 79

Basis Theory

OCTOBER 1, 2024

Today, the framework introduced in the early 2000s outlines 12 PCI requirements that merchants must satisfy to process credit card transactions on the card networks. Failure to meet these standards could result in fines or bans as a merchant or service, rendering you unable to process payments or send payment data with the major networks.

PCI DSS 88

PCI DSS Compliance Encryption Assessments 88

Stax

SEPTEMBER 17, 2024

While the news may bring breaking headlines about stolen or lost data from large corporations, every business can take the steps necessary to secure sensitive data. TL;DR PCI compliance is essential because it helps prevent data breaches, ultimately cultivating customer trust. What is PCI Compliance?

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

Stax

MARCH 4, 2024

To stay ahead of fraud means merchants must understand the threats, use trusted and secure providers, and keep up to date on payment security trends. So, let’s dive into payment security, touching on the basics of what you need to know to ensure secure payments. Q: How do I ensure online payment security?

PCI DSS 88

PCI DSS Payment Security Security MFA 88

VISTA InfoSec

JUNE 3, 2024

In such attacks, cybercriminals exploit weak or reused passwords to breach multiple accounts, leading to significant data breaches and financial losses. These may include: SOC1/SOC2: Service organization control reports that assess controls related to financial reporting and data security.

MFA 130

MFA Credential PCI DSS Compliance 130

Fi911

MAY 7, 2024

In certain circumstances, such as excessive chargebacks, data breaches, fraudulent activities, or violation of regulations, a merchant’s account may be terminated. Merchants may also be removed from the list if they were added for PCI-DSS noncompliance, but have since become compliant. Why Was a Merchant Added to the TMF?

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PCI DSS Processors Compromise Identity Theft 92

PYMNTS

APRIL 29, 2016

The PCI Security Standards Council said on Thursday (April 28) that it has published a new version of its data security standard (DSS), geared toward data protection before, during and after transactions take place. A significant change in PCI DSS 3.2 This version, 3.2, now replaces 3.1,

Data Breach 40

Data Breach PCI DSS Data Security Standard (DSS) Breach 40

Exact Payments

FEBRUARY 5, 2024

However, with progress comes responsibility, particularly when it comes to safeguarding sensitive payment card data. Enter the Payment Card Industry Data Security Standard (PCI DSS): a comprehensive framework that sets forth stringent rules and regulations to ensure the secure handling, processing, and transmission of cardholder information.

ISVS 52

ISVS PCI DSS Encryption Authentication 52

Payments Source

MARCH 13, 2018

They all disclosed a major data security breach, and they all remain in business despite what happened. As the names pile up — Equifax, Target, Home Depot, TJ Maxx, etc. there's one thing all of these brands have in common.

Breach 73

Breach Data Breach Data Security Security 73

PYMNTS

JANUARY 22, 2020

All four of Greece’s main banking institutions enacted security protocols after a data breach, and consequently cancelled 15,000 consumer cards, according to reports. A key source of the inquiry is whether or not the tourist website follows the Payment Card Industry Data Security Standards (PCI DSS).

PCI DSS 52

PCI DSS Data Breach Breach Compromise 52

Clearly Payments

JANUARY 8, 2024

Security, Compliance, and Regulatory Risk: Cybersecurity risk involves the threat of data breaches and unauthorized access to sensitive payment information. Hackers may exploit vulnerabilities in the merchant’s system to gain access to customer data.

Risk Management 68

Risk Management Risk PCI DSS Process 68

Stax

NOVEMBER 6, 2023

Loss, corruption, improper use, and unwanted access to a company’s data assets can lead to immense negative publicity, which in turn can cause irreparable reputation damage, fines, sanctions, and loss of profits. Moreover, companies need to follow data privacy and compliance requirements to stay in business.

Encryption 88

Encryption PCI DSS Data Security Origination 88

Clearly Payments

JUNE 3, 2024

Tokenization not only enhances security but also helps businesses comply with regulatory standards, such as the Payment Card Industry Data Security Standard (PCI DSS) , by reducing the amount of sensitive data they store and handle.

PCI DSS 59

PCI DSS Payment Gateways Gateways Payments 59

Stax

MARCH 15, 2024

The primary security standards that payment systems typically adhere to include: Payment Card Industry Data Security Standard (PCI DSS): PCI DSS sets forth requirements for securing payment card data, including encryption, access control, network monitoring, and regular security testing.

Process 88

Process Security PCI DSS Encryption 88

PYMNTS

NOVEMBER 6, 2018

The standards put forth by the PCI Security Standards Council – the PCI Data Security Standards – offer a framework for ensuring data security, and they must be followed in order to avoid fines and other penalties.

PCI DSS 71

PCI DSS Privacy Breach Irrevocability 71

Stax

MARCH 26, 2024

Secure Transactions: Online terminals incorporate security protocols like SSL encryption, tokenization, and Payment Card Industry Data Security Standards (PCI DSS) compliance. This security infrastructure protects sensitive payment information during transactions, building customer trust.

PCI DSS 88

PCI DSS Encryption Payment Gateways Disputes 88

Stax

APRIL 30, 2024

Highest level of PCI security compliance that keeps payment data secure. Security and Compliance in Merchant Processing Any business that accepts credit and debit card payments must be compliant with the Payment Card Industry Data Security Standards (PCI DSS).

Process 88

Process Online and Mobile Banking PCI DSS Debit Card 88

Clearly Payments

OCTOBER 22, 2024

By following these best practices, you can ensure PIN-based transactions are safe for both your business and your customers: Invest in Secure POS Systems : Ensure that your POS terminals are up-to-date and comply with the latest security standards, including encryption of customer PINs during transactions.

Debit Card 93

Debit Card Credit Cards Point-of-Sale (POS) Encryption 93

Basis Theory

NOVEMBER 12, 2024

Historically, data security has been treated as featureless and burdensome—but a necessary expense incurred by organizations. Today, we can tokenize anything from credit card primary account numbers (PAN) to one-time debit card transactions or social security numbers.

Encryption 88

Encryption Payment APIs and Integration PCI DSS Returns 88

Stax

JANUARY 8, 2024

Common risk management strategies for PayFacs include proper merchant vetting and onboarding, transaction monitoring and fraud prevention, chargeback mitigation, KYC/AML compliance, and data breach prevention. Reputational risks Risks associated with things like data breaches, poor customer service, company controversies, etc.

Risk Management 88

Risk Management Risk Money Laundering Mitigation 88

EBizCharge

JULY 19, 2024

This article will explore five reasons why using PDF forms for payment collection doesn’t meet PCI DSS requirements, highlighting the risks and security gaps inherent in this method. By understanding these pitfalls, businesses can take proactive steps to adopt more secure payment processing solutions.

PCI DSS 52

PCI DSS Compliance Credit Cards Third-Party Service Provider 52

Stax

NOVEMBER 21, 2024

It also ensures that data security best practices, particularly PCI DSS (Payment Card Industry Data Security Standards) requirements , are followed to the letter to prevent any breach or loss of sensitive customer data.

Credit Cards 88

Credit Cards Small Business Process Credit Card Payment Processing 88

The Payments Association

OCTOBER 4, 2024

Security concerns and fraud prevention One of the most significant challenges is the persistent threat of fraud. Cybercriminals are constantly innovating, targeting vulnerabilities in payment systems to carry out unauthorised transactions, identity theft, and data breaches.

Cross-Border Payments 88

Cross-Border Payments Online and Mobile Banking Cross-Border Alternative Payment Methods 88

Stax

JULY 25, 2024

But there’s a much greater risk than theft— data breaches. Systems with low levels of data security are an easy target. According to the IBM data breach report , the average cost of a data breach in 2023 was USD 4.45 POS systems handle a lot of sensitive information.

Small Business 88

Small Business PCI DSS CRM Online and Mobile Banking 88

Payments Source

DECEMBER 12, 2016

Too many data breach reports show that companies suffering compromises were unaware that cardholder data was present in their systems. The Payment Card Industry Security Standards Council wants to fix this.

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Data Breach Compromise Breach Security 63

EBizCharge

MAY 24, 2024

Most embedded Sage payment solutions adhere to strict regulations, including PCI-DSS compliance and Secure Sockets Layer/ Transport Layer Security (SSL/TLS) protocols. By securely managing credit card data and transactions, businesses can protect their operations against fraud and data breaches.

Embedded Payments 52

Embedded Payments Process PCI DSS Payments 52

Payments Source

SEPTEMBER 12, 2017

The reaction to major data breaches has always been to protect card data. But the non-card data that Equifax handled deserved just as much attention, if not more.

Data Breach 60

Data Breach Breach PCI DSS Data Security 60

Stax

DECEMBER 20, 2023

Secure transactions ensure you can maintain a trustworthy reputation with past and future customers, as well as reducing the financial losses that come from the fines and legal fees associated with compromising customer data. One of the most famous data breaches happened to Target in 2013.

Credit Cards 88

Credit Cards Small Business Process Security 88

Segpay

APRIL 22, 2024

Replacing sensitive card details with unique digital tokens significantly reduces the risk of data breaches and unauthorized access to card information. For merchants, this means greater peace of mind, knowing customer data is protected throughout the payment process. PCI Compliance.

Data Breach 52

Data Breach Risk Online and Mobile Banking PCI DSS 52

Payment Savvy

JULY 3, 2024

This token is used throughout the transaction process, while the actual debit card number is safely stored in a secure vault. Tokenization helps minimize the risk of data breaches, as even if a token is compromised, it holds no value without the corresponding debit card information.

Debit Card 52

Debit Card Process PCI DSS Processors 52

Clearly Payments

JULY 11, 2024

PCI Compliance Fees: Fees for maintaining compliance with Payment Card Industry Data Security Standards (PCI DSS). Non-Compliance with PCI Standards: Payment Card Industry Data Security Standards (PCI DSS) compliance is mandatory for businesses handling card transactions.

Process 52

Process PCI DSS Processors Non-Bank 52