The Fintech Times

OCTOBER 25, 2024

The advanced security capabilities embedded within this solution include data encryption, isolation of customer environments, embedded Hardware Security Modules with the highest security certification, and a versatile governance framework that removes single points of compromise and helps mitigate the risks associated with malicious actors.

Data Encryption 59

Data Encryption On-Demand Encryption Compromise 59

Stax

FEBRUARY 26, 2024

Because the transaction takes place through a payment gateway that utilizes data encryption or tokenization to secure sensitive information during transmission, accepting payments using a virtual terminal from Stax (which is PCI compliant) is secure. Learn More What Is a Contactless Virtual Terminal?

Credit Cards 88

Credit Cards Payment Gateways Gateways Point-of-Sale (POS) 88

EBizCharge

MARCH 12, 2024

Reliable payment processors or platforms that offer robust encryption and fraud detection systems can help with this. Merchants should also apply data encryption, tokenization, and multi-factor authentication (MFA) to ensure only authorized users can access payment portals.

Credit Cards 52

Credit Cards ACH PCI DSS Payment Gateways 52

PYMNTS

JANUARY 27, 2017

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.”. Encrypting data in place can help mitigate the damage done when breaches do occur,” Chiu noted.

Data Breach 71

Data Breach Breach Security Risk 71

EBizCharge

JANUARY 14, 2025

Data encryption is crucial for a payment gateway since it converts sensitive information, like credit card details, into a secure format to prevent unauthorized access during online payments. FAQs regarding payment gateways FAQs regarding payment gateways What security features do payment gateways offer?

Payment Gateways 52

Payment Gateways Gateways Payment APIs and Integration Online and Mobile Banking 52

The Fintech Times

MARCH 18, 2024

These regulations mandate comprehensive measures, including data encryption, secure storage, meticulous access control, and detailed reporting of security breaches or suspicious activities.

Fraud Prevention 59

Fraud Prevention AI Fraud Detection Payments 59

EBizCharge

JUNE 4, 2024

The system’s efficiency mitigates late and missed payments, contributing to a steady and predictable cash flow. Security and fraud prevention Security is paramount in payment processing, and Acumatica provides robust tools and standards to protect sensitive data.

Credit Cards 52

Credit Cards Process Payment Gateways Best Practices 52

EBizCharge

OCTOBER 25, 2023

Now more than ever, businesses are focusing on preventing data breaches and implementing response protocols to mitigate breaches if they occur. According to the 2023 IBM Data Breach Report , the global average cost of data breaches was $4.45 million this year, up 15% over the last three years.

Data Breach 52

Data Breach Best Practices Breach Phishing 52

Nanonets

APRIL 29, 2024

Balance sheet reconciliation software offers built-in compliance checks and audit trails, ensuring adherence to regulatory requirements and mitigating the risk of non-compliance penalties. Look for features such as role-based access controls, data encryption, and compliance certifications (e.g.,

Reconciliation 52

Reconciliation Payment APIs and Integration Regulatory Compliance Audit 52

FloQast

MAY 13, 2024

Ensuring all solution providers you work with employ data encryption, both during transmission and while data is at rest. Have a well-defined incident response plan in place that outlines the steps to take when a breach occurs to mitigate damage and prevent further compromise of sensitive financial data.

Accounts 52

Accounts Technology Cybersecurity Audit 52

Exact Payments

FEBRUARY 5, 2024

ISVs will now be required to incorporate SAD within their data retention policies, necessitating the removal of users who have remained inactive during the specified retention period. Change #2: Primary Account Number (PAN) Encryption The security of sensitive information, such as primary account numbers (PANs), is of utmost importance.

ISVS 52

ISVS PCI DSS Encryption Authentication 52

Core

SEPTEMBER 15, 2023

Kiosk payments mitigate these risks by managing payments electronically with built-in encryption, secure data storage, and authentication measures. Robust security measures: Kiosk systems must use secure data encryption protocols to protect sensitive financial data during transactions with multiple security layers.

Government 52

Government Governance Transactions Security 52

The Finance Weekly

JUNE 5, 2024

Facilitate data-sharing with stakeholders using APIs, ETL connectors, and built-in integrations. 8) Security Top-tier security and compliance measures, including BYOK, role-based access control, user management, SSO support, and data encryption at rest.

AI 52

AI Audit API Data Encryption 52

The Finance Weekly

DECEMBER 30, 2021

Heightened Data Security A data security breach is one of the CFO’s biggest nightmares. To prevent harm to your network and mitigate risk, consider requiring multi factor authentication to access company data, encrypting email, securing email attachments, and implementing other best practices.

Technology 52

Technology MSPS Small Business Data Security 52

Segpay

JUNE 13, 2024

SMBs also fall victim to cyber criminals, as many lack the resources and knowledge to set up threat mitigation strategies, leaving them vulnerable to attacks. This underscores why businesses must implement robust cybersecurity measures to guarantee secured transactions in this digital landscape.

Best Practices 40

Best Practices Processors Transactions Security 40

Core

MARCH 19, 2024

Protecting Payments with Local Government Fraud Detection Proactive efforts to strengthen payment fraud detection and prevention help safeguard public funds and public trust. Powerful Internal Fraud Prevention with CORE City and county governments must take strong precautions against payment fraud.

Fraud Detection 52

Fraud Detection Government Governance Compliance 52

Nanonets

NOVEMBER 20, 2023

Automation solutions, such as AP automation software, can significantly mitigate these challenges by streamlining processes, improving accuracy, and enhancing communication within the accounts payable department. Addressing these obstacles is crucial for organizations aiming to optimize their invoice approval workflows.

Payment Reconciliation 52

Payment Reconciliation Automation Reconciliation Verification 52

Nanonets

SEPTEMBER 22, 2023

By implementing  vendor management solutions , organizations can optimize their procurement process, make informed decisions based on vendor performance data, improve communication and collaboration, and mitigate risks associated with manual processes.

Automation 52

Automation Compliance Risk Process 52

Ikajo

NOVEMBER 22, 2023

Risk mitigation Given that PayFacs handle the most sensitive information of customers – their payment data – they must keep it secure and detect unauthorized transactions. Look into their payment fraud prevention measures, including data encryption, anti-fraud filters, and adherence to PCI DSS.

Facilitators 52

Facilitators Payment APIs and Integration PCI DSS Payments 52

Nanonets

SEPTEMBER 21, 2023

Another essential factor to consider when integrating EDI payment is data security. A reputable EDI payment provider will offer data encryption and other security measures to safeguard your business data. Data Security Risks EDI payment solutions involve the exchange of sensitive financial data between trading partners.

Payment Solutions 52

Payment Solutions Payee Payments Payer 52

Nanonets

NOVEMBER 15, 2023

But with a paperless accounts payable system, seamless data flow and automated workflows ensure these challenges are effectively mitigated. Nanonets delivers high-grade security to keep your sensitive data safe. It uses advanced security measures like data encryption and secure cloud storage.

Accounts 52

Accounts Payment APIs and Integration Audit Automation 52

Nanonets

SEPTEMBER 21, 2023

Providing adequate training and support, along with emphasizing how automation can enhance their work and free up time for more strategic tasks, can help mitigate resistance to change. With automation relying on digitized financial data, businesses must take appropriate measures to protect sensitive information.

Automation 52

Automation Finance Assessments Compliance 52

Nanonets

JULY 21, 2023

Any irregularities are quickly identified, allowing for immediate investigation and mitigating the potential damage of fraudulent activities. Its ability to automate and streamline the reconciliation process saves valuable time and mitigates the risk of errors inherent in manual methods.

Reconciliation 52

Reconciliation Payment APIs and Integration Automation Audit 52

The Payments Association

NOVEMBER 27, 2024

The advanced security capabilities embedded within this solution include data encryption, isolation of customer environments, embedded Hardware Security Modules with the highest security certification, and a versatile governance framework that removes single points of compromise and helps mitigate the risks associated with malicious actors.

Security 88

Security Data Encryption On-Demand Encryption 88

Segpay

DECEMBER 19, 2024

These adaptive security measures help mitigate potential breaches. Simplified Compliance Compliance with data protection regulations, such as the EUs General Data Protection Regulation ( GDPR ) and Californias Consumer Privacy Act ( CCPA ), is a critical concern for organizations handling personal and sensitive information.

Verification 75

Verification Authentication MFA Compliance 75