Remove Data Breach Remove GLBA Remove Origination
article thumbnail

Everything You Need to Know About Secure Payment Processing Systems

Stax

Regulatory Compliance: Payment systems may also need to comply with specific regulations and laws related to financial transactions and data protection, depending on the region and industry. Examples include the General Data Protection Regulation (GDPR) in the European Union and the Gramm-Leach-Bliley Act (GLBA) in the United States.

Process 88
article thumbnail

Spinning Raw Data Into Synthetic (Revenue) Gold For FIs

PYMNTS

New data sets are created that cannot be traced back to consumers, the places where they do business or even the FI tied to the transaction. Koch explained that synthetic data is a fake data set that “doesn’t have any risk to the raw data set, yet it retains data accuracy of the original data set.”.

GLBA 57