CB Insights

DECEMBER 10, 2018

Privitar , a UK-based startup focused on developing enterprise privacy software, announced a strategic minority investment from Citigroup on December 10, 2018. Unprecedented amounts of customer-derived financial and lifestyle data are fueling advanced analytics and machine learning to drive the future of fintech.

Data Security 56

Data Security Security Privacy Encryption 56

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

VISTA InfoSec

MAY 24, 2024

In an era where digital transactions reign supreme, ensuring the security of payment card data is paramount for businesses. It helps assess and mitigate security risks systematically by identifying vulnerabilities and implementing controls to address them before they materialize.

PCI DSS 202

PCI DSS Small Business Assessments Compliance 202

PYMNTS

APRIL 25, 2019

Two consumer websites have settled with the Federal Trade Commission (FTC) over allegations that they did not secure consumers’ data, allowing hackers to breach both sites. Instead, the website failed to implement minimal data security measures, and stored personal information in clear text with no encryption.

FTC 53

FTC Data Security Security Consumer 53

VISTA InfoSec

JULY 17, 2024

Encrypting messages and choosing secure ways to talk online are keys to keeping secrets safe in any language. Backing up data often and showing your team how to do these things well is crucial in settings where many languages are spoken. Use encryption and strong passwords to protect messages.

Cybersecurity 186

Cybersecurity Compliance Encryption Best Practices 186

The Fintech Times

APRIL 8, 2024

.” Maximising payment security SUNRATE commercial cards enable customers to settle card spends in more than 15 currencies, as well as customise key parameters such as card limits and expiration dates. SUNRATE explained that it chose Apple Pay due to its security and privacy benefits.

Credit Cards 59

Credit Cards PCI DSS Commercial Card Treasury Management 59

M2P Fintech

JANUARY 3, 2024

Regulatory Compliance To stay compliant, banks need to adhere to central bank regulations on transaction security, data security, and privacy, among others. Core banking systems must have integrated compliance features that can adapt to evolving standards and regulations for robust security and fraud detection.

Payment APIs and Integration 59

Payment APIs and Integration CRM Online and Mobile Banking Regulatory Compliance 59

VISTA InfoSec

SEPTEMBER 14, 2023

If your business engages with these customers, it is subject to the EU’s General Data Protection Regulation (GDPR). This extensive data privacy regulation has an impact on many U.S. million) by Luxembourg’s National Commission for Data Protection (NCDP). Data Controller Classification: This implies that any U.S.

Compliance 130

Compliance Privacy Processors Legal 130

PYMNTS

APRIL 24, 2019

More consumers keep using Facebook even as the social network said on Wednesday (April 24) that it faces a fine of between $3 billion and $5 billion from the Federal Trade Commission over privacy. The anticipated and one-time fine that Facebook will pay to the FTC stems from the agency’s investigation into Facebook’s privacy practices.

Privacy 43

Privacy FTC Federal Trade Commission Payments 43

VISTA InfoSec

JULY 31, 2023

The PCI DSS Checklist is a crucial first step in securing your business. It’s a tool that helps businesses ensure they’re meeting all the requirements of the Payment Card Industry Data Security Standard (PCI DSS). Maintain Documentation : Maintain documentation for your configuration security hardening procedures.

PCI DSS 130

PCI DSS Security Encryption Compliance 130

Fintech Finance

APRIL 8, 2024

Every Apple Pay purchase is secure because it is authenticated with Face ID, Touch ID, or device passcode, as well as a one-time unique dynamic security code. Security and privacy are at the core of Apple Pay. Customers can also generate real-time transaction statements, and cater to various reconciliation needs.

Credit Cards 52

Credit Cards PCI DSS Commercial Card Contactless Payments 52

PYMNTS

NOVEMBER 10, 2020

Atlanta payments encryption firm Bluefin is partnering with New York mobile payments processor PAAY to advance eCommerce security. PAAY provides strong authentication at the front door and Bluefin encrypts and tokenizes the data at the point of interaction on the web. Each $1 of fraud costs retailers $3.13. .

Transactions 93

Transactions Security Encryption CCPA 93

PYMNTS

MARCH 24, 2016

SECURITY AND PRIVACY — CAN WE HAVE IT ALL? “Encryption is one of the best ways to protect data. The “everything else” is consumers transacting on the Web with ease and criminals not being able to easily have access to data that they could use for malicious purposes. Department of Justice has demonstrated.

Encryption 41

Encryption Compromise Privacy Credential 41

Finovate

FEBRUARY 8, 2024

Payments, identities, and data security company Entrust confirmed that it has entered “exclusive discussions” to acquire identity verification technology company Onfido. Trusted payments, identities, and data security company Entrust may be on the verge of acquiring identity verification (IDV) technology company Onfido.

Acquirers 52

Acquirers Verification Deepfake AI 52

Clearly Payments

MARCH 22, 2024

The Technology Behind Mobile Payments Mobile payments rely on a sophisticated blend of technologies to facilitate seamless, secure, and convenient transactions. At the heart of mobile payment systems are Near Field Communication (NFC), Quick Response (QR) codes, and secure elements such as encryption and tokenization.

Contactless Payments 105

Contactless Payments Online and Mobile Banking Mobile Payments Payments 105

Segpay

DECEMBER 7, 2023

The main objectives of the DSA are to: Ensure high-level protection for users’ fundamental rights online, such as freedom of expression, privacy, data protection, non-discrimination, and consumer protection. 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

Payment Savvy

MAY 10, 2024

Rooted in the belief that individuals have a right to control their financial data, Plaid’s mission goes beyond just making data accessible. By implementing robust data controls, the company ensures user privacy while granting access to over 8,000 financial services. How Much Does Plaid Cost?

Payment APIs and Integration 52

Payment APIs and Integration Venmo Privacy Credential 52

PYMNTS

DECEMBER 9, 2018

With retailers struggling to get compliant with the Payment Card Industry Data Security Standard , qualified security assessors are going to be in more demand and can offer tokenization as one way of achieving compliance.

PCI DSS 77

PCI DSS Data Security Compliance Encryption 77

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

CB Insights

MARCH 27, 2019

These high-profile data breaches (among many others over the last few years) have put the general public on high alert, with talk of data protection becoming an increasing priority. Read our future of data security report for more on this topic. ). Collectively, FAMGA has poured nearly $2.5B The Controversies.

Cybersecurity 76

Cybersecurity Encryption Data Breach Breach 76

Payment Savvy

JANUARY 27, 2021

Store Customer Payment Data Safely. Not surprisingly, this fact is the reason for the hefty regulations on consumer data privacy. Storing cardholder data puts the information at risk of being stolen. Use Encryption and Tokenization. Tokenization removes data from a system and replaces it with an associated value.

Security 52

Security PCI DSS Encryption Payments 52

PYMNTS

OCTOBER 25, 2017

While 96 percent said they know they will be working with sensitive data stored in some type of “advanced technology environment” this year, nearly half said they are deploying these environments before taking appropriate measures to upgrade data security. Despite this, though, data security seems to be lagging.

Breach 41

Breach Data Breach Encryption Data Security 41

Stax

FEBRUARY 26, 2024

These platforms facilitate secure transactions, encrypt sensitive data, and ensure the seamless flow of funds between customers and businesses. Businesses need robust systems and processes to handle issues such as failed payments, security concerns, and data management. Ready to Learn More?

Best Practices 88

Best Practices Payment APIs and Integration Payment Gateways Payments 88

PYMNTS

NOVEMBER 24, 2019

At Chaayos, we are extremely conscious of our customer’s data security and privacy and are committed to protecting it,” the company wrote in the statement. Data from the facial recognition feature is encrypted and cannot be accessed by any party, including Chaayos itself except for the purpose of logging-in to our customers.

Privacy 53

Privacy Encryption Data Security Security 53

PYMNTS

AUGUST 21, 2019

Along with the growing popularity of IoT devices, from fitness wearables to smart fridges, comes increased security and privacy issues. Mounting data breaches and device vulnerabilities have prompted wariness around IoT adoption. As alluded to above, data security must be considered over a device’s lifetime.

Security 66

Security Data Breach Encryption Breach 66

Exact Payments

JULY 1, 2024

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,

Data Security 52

Data Security Security Encryption Payment APIs and Integration 52

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

PYMNTS

JULY 6, 2017

In the age of smart technology enabling online payments on their behalf, the news comes as no surprise that people are very concerned about data privacy and data security. Existing payments devices have pioneered new methods of encryption — why reinvent the wheel?

Encryption 68

Encryption Privacy Authentication Data Security 68

Nanonets

JUNE 27, 2023

Enhanced document security Physical documents are vulnerable to loss, theft, or damage from natural disasters, accidents, or unauthorized access. Document digitization provides enhanced security measures, such as encryption, access controls, and backup options, ensuring the confidentiality and integrity of sensitive information.

Product 52

Product Disaster Recovery Automation Compliance 52

PYMNTS

MARCH 25, 2016

To put it in terms of things, things are rocky when it comes to security, privacy and the Internet of Things (IoT). The creation of regulation and development guidelines, which have the potential to foster the creation of safer, more secure products, is a tall order. They are, however, decidedly pro-encryption. “We

FTC 40

FTC Federal Trade Commission Encryption Privacy 40

FICO

NOVEMBER 1, 2016

In addition, the proposal calls for the implementation and maintenance of a written cybersecurity policy that addresses a wide range of areas such as information security , data governance, vendor management, customer data privacy and incident response. Data encryption.

Cybersecurity 81

Cybersecurity Regulations PCI DSS Data Encryption 81

PYMNTS

OCTOBER 24, 2018

Guardian Mobile Firewall, the new smart firewall app that is currently in a closed beta test, will be made available soon, filtering and blocking traffic that breaches the user’s privacy. The firewall funnels all of the iPhone and iPad traffic through a virtual private network, which is encrypted to Guardian’s services.

Blocks 40

Blocks Privacy Encryption Breach 40

PYMNTS

JANUARY 9, 2019

Some of those steps include complying with the payment card industry data security standard requirements, maintaining an appropriate system to log and monitor network activity, maintaining working agreements with two qualified payment card industry forensic investigators, updating all software associated with maintaining and safeguarding personal information, (..)

Breach 63

Breach Data Breach Settlement Payments 63

Stax

NOVEMBER 6, 2023

Loss, corruption, improper use, and unwanted access to a company’s data assets can lead to immense negative publicity, which in turn can cause irreparable reputation damage, fines, sanctions, and loss of profits. Moreover, companies need to follow data privacy and compliance requirements to stay in business.

Encryption 88

Encryption PCI DSS Data Security Origination 88

PYMNTS

OCTOBER 25, 2019

Can data be harvested … with decency? The California Consumer Privacy Act looms, taking effect at the beginning of 2020. Across the pond, the General Data Protection Regulation ( GDPR ) took effect in May of 2018. The companies themselves show a bit of disconnect in how they view their data-centric practices.

Visa 40

Visa Privacy Best Practices Regulatory Compliance 40

M2P Fintech

JANUARY 22, 2024

While Data Masking is a global practice, the techniques used may vary depending on the region or country and the specific needs of the organization(s). This approach ensures the protection of sensitive information while preserving the contextual integrity of the data.

Correspondent 52

Correspondent Origination Breach Security 52

PYMNTS

JULY 17, 2019

The most recently-issued cards feature encryption and chips, containing personal information spanning gender, address and ethnicity. Across Europe, North America and elsewhere, there have been at least some government mandates about how data is handled. Europe’s General Data Protection Regulation springs to mind.).

Verification 74

Verification Cross-Border Push-to-Card Online and Mobile Banking 74