EBizCharge

JULY 19, 2024

By understanding these pitfalls, businesses can take proactive steps to adopt more secure payment processing solutions. Here are five reasons why PDF forms fall short of the stringent requirements for secure credit card transactions. 1. Insecure storage Storing payment card data requires secure systems to prevent breaches.

PCI DSS 52

PCI DSS Compliance Credit Cards Third-Party Service Provider 52

Basis Theory

OCTOBER 1, 2024

Whether that is collecting credit card numbers to transmit with a payment gateway, placing details into a shared customer relationship management system, or storing card numbers in an encrypted database—all of this sensitive information must be protected according to the specifics of the PCI-DSS standard.

PCI DSS 88

PCI DSS Compliance Encryption Assessments 88

VISTA InfoSec

NOVEMBER 9, 2023

In the world of digital transactions, businesses handling payment cards must demonstrate their data security measures through the Payment Card Industry Self-Assessment Questionnaire (PCI SAQ). Level 1 merchants and service providers, mandated by PCI SSC or customers, must complete a Report on Compliance (RoC), while others use an SAQ.

PCI DSS 130

PCI DSS Assessments Compliance Credit Cards 130

EBizCharge

JULY 16, 2024

Ensuring compliance with NACHA requirements is crucial for financial institutions, as it guarantees the secure, efficient, and reliable handling of electronic payments. Risk management Financial institutions and third-party service providers must construct and execute a risk-based approach to detect and prevent fraudulent ACH transactions.

NACHA 52

NACHA Nacha Rules ACH Network ACH 52

Stax

AUGUST 22, 2024

You need to adhere to KYC (Know Your Customer) requirements, GDPR (General Data Protection Regulation), and AML (Anti-Money Laundering) regulations among others. They also need to have strong data security protocols in place. Make sure you are compliant with all data security and fraud prevention regulations.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

FICO

NOVEMBER 1, 2016

Data encryption. The NYDFS requires data encryption not just for data in-transit but also for data at-rest. The requirements also mandate that organizations include these enhanced standards in their contracts with third-party service providers. Annual certification.

Cybersecurity 81

Cybersecurity Regulations PCI DSS Data Encryption 81

PayHawk

APRIL 18, 2023

E E-commerce The buying and selling of goods and services over the internet. Encryption The process of encoding sensitive data to prevent unauthorized access. EMV Europay, Mastercard, and Visa, a set of global standards for payment card security and authentication.

Process 52

Process Card Issuer Online and Mobile Banking Issuers 52