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(Source – credit card debt statistics 2025 and Australian debit card statistics ) As digital transactions continue to grow, so do the challenges of protecting sensitive customer data. This is where PCI DSS (Payment Card Industry DataSecurity Standard) compliance becomes essential for Australian businesses.
This goes beyond current methods of managing sensitive information for individuals and organizations, ensuring data recovery without compromising privacy. “We The launch of sAxess represents a seismic shift in how we approach datasecurity and digital asset management,” said Farsh Fallah, COO of Serenity.
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Such digital payments can slash transaction times, improve datasecurity and provide valuable insights into consumer purchasing behavior and preferences.
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I'm Alicia Malone, Senior Manager of Public Relations for the PCI Security Standards Council. In this episode, we'll meet three Qualified Security Assessors, or QSAs. A QSA company is a datasecurity firm certified by the Council to perform on-site assessments of a company's PCI DataSecurity Standard compliance.
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Through the partnership, ProgressSoft will leverage the FINX Comply and FINX Connect platforms from Fintech Galaxy, equipping banks and financial entities with tools to fast-track regulatory compliance, enhance digital payments, and monetise financial datasecurely.
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In fact, 63% of travelers are reluctant to store their payment details with travel companies due to concerns over fraud, data privacy, and unauthorized charges. A third of respondents said they do not trust travel companies to keep their payments datasecure at all, fearing details would be lost during a data breach.
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The partnership will enable ProgressSoft to leverage Fintech Galaxy’s FINX Comply and FINX Connect platforms, equipping banks and financial entities with tools to fast-track regulatory compliance, enhance digital payments, and monetize financial datasecurely.
Importantly, we sought to discover if the Open API technology would be able to provide easy, seamless integration of information to the customers while remaining secure and compliant with current regulations. As well, we sought to determine what regulatory changes might be required to balance datasecurity with free flow of information.
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