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What to Know About Tokenization

Basis Theory

Today, we can tokenize anything from credit card primary account numbers (PAN) to one-time debit card transactions or social security numbers. As a merchant, to understand tokenization for your own benefit, it’s critical to understand: What tokenization is, why it’s important for payments, and how it compares to encryption.

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Data Breaches 101: What They Are And How To Prevent Them

VISTA InfoSec

Virtually every industry faces data breach risks today as sensitive information gets digitized and networked across cloud platforms. But some data types see higher breach rates than others.

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What Is Data Tokenization and How Does It Work?

Stax

Moreover, companies need to follow data privacy and compliance requirements to stay in business. There are various methods of enforcing data security, such as data masking, encryption, authentication, and data tokenization. The resulting token is essentially a proxy and has no real value.

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Enhancing Data Security: How Exact Payments Protects Onboarding Data

Exact Payments

Our software partners transmit merchant data to our APIs using Transport Layer Security (TLS) encryption. TLS encrypts data during transit and offers enhanced security features to combat man-in-the-middle (MiTM) attacks. The encrypted data is then written to our database. We implement TLS 1.3,

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Hacker Tracker: Yahoo In Hot Water, Selfie Security Risks, US Data Breaches Surge

PYMNTS

It’s shocking that a company of Yahoo’s size and long history could fall prey to such attacks and that there were no countermeasures, such as data encryption, in place to prevent them.”. Social Security numbers were exposed in more than half of all breaches last year.

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How To Prevent Data Breaches: 15 Best Practices

EBizCharge

An incident is only considered a data breach if the confidentiality of data is compromised. Sensitive or confidential data can include customer data records, bank account numbers, Social Security numbers, healthcare information, intellectual property, etc.

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ACH Payment vs Wire Transfer Similarities and Differences: How to Choose Between ACH vs Wire

Stax

sanctioned countries Security Features Highly secure with financial industry standards, encryption, and strict protocols Enhanced security with proof of identity required Best for Recurring bills, payroll, government transactions, B2B payments High-value transactions, urgent payments, international transfers What is ACH (Automated Clearing House)?