PYMNTS

DECEMBER 4, 2017

Or, according to the latest data, many small businesses haven’t learned this lesson. In this week’s B2B Data Digest, PYMNTS dives into new research about small businesses’ data security and cybersecurity efforts. Clutch warned that fines for non-compliance with these rules can reach into the millions of dollars. —54

Small Business 54

Small Business Data Security PCI DSS Data Breach 54

VISTA InfoSec

APRIL 12, 2024

Businesses deploy proxy servers to monitor and regulate their employees’ internet usage, ensuring data security and blocking access to harmful sites. Moreover, proxies can encrypt your data, adding an extra layer of security that shields sensitive information from hackers and eavesdroppers.

Cybersecurity 130

Cybersecurity Best Practices Encryption Privacy 130

Segpay

DECEMBER 13, 2024

The Rising Importance of Data Privacy Regulation The implementation of GDPR in the European Union (2018) and CCPA in California (2020) marked an important shift in global data privacy standards. If a breach occurs, identity data, once compromised, is hard to restore.

Privacy 105

Privacy Compliance CCPA Authentication 105

Clearly Payments

JANUARY 12, 2024

This documentation may be valuable for law enforcement or investigations by financial institutions. Notify Law Enforcement Report the incident to local law enforcement by filing a police report. Be prepared to cooperate with law enforcement authorities and follow any instructions they provide during their investigation.

Credit Cards 105

Credit Cards Law Enforcement Card Issuer PCI DSS 105

Stax

MARCH 15, 2024

Compliance with these standards ensures that merchants and payment processors implement robust security measures to safeguard financial data. These standards help prevent card-present fraud by authenticating transactions through dynamic data authentication and cryptographic processes.

Process 88

Process Security PCI DSS Encryption 88

Stax

SEPTEMBER 17, 2024

Failing to comply with the Payment Card Industry Data Security Standard can have a number of severe consequences for a business. PCI DSS stands for “Payment Card Industry Data Security Standards.” Data should only be stored if absolutely necessary and only for as long as required by business, legal, or regulatory needs.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

The Finance Weekly

DECEMBER 30, 2021

Business intelligence, data security, and and has proved particularly effective for finance departments, given the recent powerful innovations in finance technologies. Heightened Data Security A data security breach is one of the CFO’s biggest nightmares. Is your company facing any of these challenges?

Technology 130

Technology MSPS Small Business Data Security 130

Stax

JANUARY 15, 2024

Surcharging involves understanding federal laws, state-specific restrictions, and international regulations. PCI DSS compliance, a global framework, mandates specific requirements and best practices for maintaining credit card data security. Surcharging restrictions for multi-location businesses can get confusing. ​​In

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

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. security requirements are. PCI DSS is a set of protocols to be followed by companies that store, process, and transmit cardholder data.

PCI DSS 88

PCI DSS Compliance Credit Cards Encryption 88

PYMNTS

AUGUST 5, 2020

A multilayered approach to security is protecting data in motion, at rest and in use,” he said. The common technologies to accomplish this are really a combination of encryption and tokenization.”. For instance, Europe’s GDPR law can see firms fined up to 4 percent of gross revenues for not properly protecting data.

Security 106

Security Account Takeovers Laws Consumer 106

FICO

NOVEMBER 1, 2016

Data encryption. The NYDFS requires data encryption not just for data in-transit but also for data at-rest. Nearly every state has data security breach notification laws that set different standards on when notice may be given to consumers and state authorities, and under what circumstances.

Cybersecurity 81

Cybersecurity Regulations PCI DSS Data Encryption 81

VISTA InfoSec

SEPTEMBER 14, 2023

The GDPR has a considerable influence on data privacy globally, but what does it mean for the US? We will examine the effects of GDPR in the US and how businesses can adhere to this European privacy law. It’s important to note that the law extends to any EU resident, irrespective of citizenship. GDPR and U.S.

Compliance 130

Compliance Privacy Legal Processors 130

Stax

NOVEMBER 14, 2024

All you need to do is enter the payment info into your virtual terminal and it will then be encrypted, authorized, and submitted for online payment. This change has been taking place due to the considerable security improvements that the chip technology provides. Chips uniquely encrypt the card information each time it is used.

Credit Cards 88

Credit Cards Process Online and Mobile Banking Payment APIs and Integration 88

Stax

JULY 9, 2024

EFT payments offer a high level of security compared to traditional payment methods. Advanced encryption techniques are used to protect sensitive data during transmission, ensuring that personal and financial information remains confidential. One such federal law is the Electronic Fund Transfer Act (EFTA) , which passed in 1978.

Electronic Fund Transfer Act (EFTA) 88

Electronic Fund Transfer Act (EFTA) ACH Electronic Funds Transfer (EFT) Funds Transfer 88

Stax

FEBRUARY 26, 2024

These platforms facilitate secure transactions, encrypt sensitive data, and ensure the seamless flow of funds between customers and businesses. Also, as payment regulations evolve, businesses must stay vigilant to comply with various payment standards and laws. Ready to Learn More?

Best Practices 88

Best Practices Payment APIs and Integration Payment Gateways Payments 88

PYMNTS

AUGUST 21, 2019

PYMNTS spoke with iRobot SVP and CIO Mike Tirozzi and Director of Product and Data Security Mike Gillen about keeping devices secure. “We As alluded to above, data security must be considered over a device’s lifetime. Outdated software is an often overlooked security flaw. The Corporate Perspective.

Security 66

Security Data Breach Breach Encryption 66

Fintech Review

FEBRUARY 18, 2025

Non-financial companies offering financial services must comply with anti-money laundering (AML), know-your-customer ( KYC ), and data privacy laws. Data security is a top concern. Data breaches or fraud could undermine trust, making strong encryption, fraud detection, and authentication mechanisms essential.

Embedded Finance 95

Embedded Finance Finance Payment APIs and Integration Non-Bank 95

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

DECEMBER 31, 2018

HBC today [April 2] announced that it has become aware of a data security issue involving customer payment card data at certain Saks Fifth Avenue, Saks OFF 5th and Lord & Taylor stores in North America,” the company wrote in a statement. about a potential data security incident.

Data Breach 92

Data Breach Breach Database Compromise 92

EBizCharge

JULY 24, 2024

The core of P2P systems lies in their ability to directly connect users’ bank accounts, digital wallets, or card details with the intended recipient’s account through a secure platform. P2P payment systems encrypt sensitive data, maintaining privacy and reducing the risk of fraud.

P2P 52

P2P PCI DSS Encryption Fraud Prevention 52

Stax

AUGUST 22, 2024

Regulatory compliance risk To maintain the integrity of financial transactions and to protect cardholder data, any company dealing with payments must strictly adhere to laws and regulations. They also need to have strong data security protocols in place.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

PYMNTS

MARCH 25, 2016

You can’t know, if you’re a consumer, what the data security practices are of a company,” McSweeny said. The FTC, McSweeny said, doesn’t prescribe what technology companies need to use to secure consumer data. They are, however, decidedly pro-encryption. “We And it is.”. Adapting for the unknown.

FTC 40

FTC Federal Trade Commission Encryption Privacy 40

Stax

MARCH 6, 2024

Legal and payment compliance Adhering to compliance standards, including those set by the Payment Card Industry Data Security Standard (PCI DSS), is essential. These standards ensure that customer payment information is handled securely and that transactions meet legal requirements.

Best Practices 88

Best Practices PCI DSS Payment Gateways Gateways 88

PYMNTS

JANUARY 17, 2017

The college’s electronic files had all been encrypted and campus email, voicemail and computer system services had been interrupted. In consultation with district and college leadership, outside cybersecurity experts and law enforcement, a payment of $28,000 was made by the district. Francisco C.

Bitcoin 43

Bitcoin Ransomware Law Enforcement Cybersecurity 43

PYMNTS

JUNE 5, 2019

The app, designed for the Jewish community, left the database open without a password, exposing user data and private messages, said security researchers Noam Rotem and Ran Locar, according to reports. In addition, none of the data was encrypted. This is just the latest data exposure of a dating app.

Database 46

Database Law Enforcement Request for Comment Encryption 46

PYMNTS

MAY 18, 2018

In reference to data security, she told PYMNTS that user communications are encrypted, an audit trail is in place and the firm is SOC 2 compliant. “We “Also, some construction firms’ permitting process requires notarization (such as notice of commencements, approval of final completion, etc).

Authorization 53

Authorization Transactions Encryption Audit 53

Payment Savvy

MAY 11, 2023

Security: Visa has strict security requirements to protect cardholder data and prevent fraud. As a merchant, you will need to comply with the Payment Card Industry Data Security Standard (PCI DSS) and other security regulations to ensure the safety and security of Visa transactions.

Rules 52

Rules PCI DSS Disputes Payment Networks 52

PYMNTS

MARCH 1, 2018

By hosting the iCloud accounts maintained by Chinese users locally, the tech giant is working within the confines of laws that dictate how data, which spans email and other information, is stored and where. The tech juggernaut said that “while we advocated against iCloud being subject to these laws, we were ultimately unsuccessful.”

Legal 40

Legal Privacy Laws Government 40

Exact Payments

JANUARY 4, 2024

The Payment Card Industry Data Security Standard (PCI DSS) plays a crucial role in protecting cardholder data for businesses that accept credit card payments. This set of security guidelines is mandated by major credit card associations such as Visa, Mastercard, American Express, and Discover.

PCI DSS 52

PCI DSS Compliance Audit Encryption 52

Segpay

DECEMBER 7, 2023

In this post, we will explain what is digital law , what it means for your business, and how Segpay can help you manage your online payments securely and efficiently. Data Security and Protection Ensuring robust data security measures is imperative for complying with the DSA.

Compliance 52

Compliance Privacy Regulatory Compliance Data Security 52

Segpay

MARCH 10, 2025

A payment gateway for online gaming plays a critical role in ensuring fast, secure, and seamless transactions. Here’s how it works: Encryption & Secure Transmission: The payment gateway encrypts the player’s payment details and securely transmits them to the payment processor.

Payment Gateways 40

Payment Gateways Gateways Payment Solutions Payment APIs and Integration 40

PYMNTS

APRIL 30, 2018

The GDPR affects any company or organization that operates, stores or processes personal data belonging to EU citizens, defined as “any information relating to an identified or identifiable natural person (data subject).”. Enforcement of GDPR laws will fall to the Data Protection Authorities (DPAs) across the EU.

Rules 47

Rules Authentication Breach Compliance 47

M2P Fintech

JANUARY 22, 2024

In India, by introducing the practice of masking Aadhaar and Permanent Account Number (PAN) numbers, the Unique Identification Authority of India (UIDAI) fortified data security and empowered organizations of all sizes to handle sensitive data responsibly.

Correspondent 52

Correspondent Origination Breach Security 52

EBizCharge

JUNE 28, 2024

For example, Colorado, Connecticut, Massachusetts, and others have laws prohibiting surcharges. Determining the legality of charging credit card fees requires understanding various individual state laws , card network regulations, and the type of fee being charged. That said, not all states allow this practice.

Credit Cards 52

Credit Cards Legal Debit Card Disputes 52

PYMNTS

APRIL 24, 2019

Facebook, he said, wants to build services and platforms around the idea of offering more privacy — more specifically, that means what he called “intimate spaces” online, encryption, and not keeping around post, messages or even consumer data “for longer than necessary.”

Privacy 43

Privacy FTC Federal Trade Commission Payments 43

CB Insights

FEBRUARY 21, 2019

Buyers, sellers, and other agents can use the platform for free, earning rewards for contributing data and helping to maintain the marketplace. Data is encrypted and stored on a blockchain, which means Imbrex does not control it and cannot alter it — contributed data is controlled solely by the listing party.

Blockchain 78

Blockchain Due Diligence Legal Transactions 78

PYMNTS

JUNE 7, 2018

. “Were criminals to target an organization handling EU resident data, they’d be in a position to leverage a ransom amount closer to fines meted out under GDPR laws once they’ve breached and encrypted the data. We expect to see an increase in targeted ransomware hoping to exploit the hefty GDPR fine structure.”.

Phishing 43

Phishing Scams Regulations Rules 43