Basis Theory

JANUARY 4, 2024

What is Payments Vaulting? Merchants are said to be ‘vaulting payments’ when they contract with a partner, which stores sensitive cardholder data securely and provides the merchant with an undecryptable token string.

PCI DSS 88

PCI DSS Payments Data Security Compliance 88

Fintech Finance

MARCH 12, 2024

ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments software, and comforte AG, a leading provider of data-centric security solutions, have announced a partnership to help customers meet the new Payment Cards Industry Data Security Standards (PCI DSS) v4.0 PCI DSS v4.0

PCI DSS 52

PCI DSS Compliance Encryption Real Time Payments 52

PYMNTS

DECEMBER 12, 2019

On the first level, she said, ISVs and PayFacs should use data to gain visibility into their own operations. Fraud and data security remain top of mind, and merchants are still seeking to run their businesses more optimally by streamlining inventory management, she added.

ISVS 59

ISVS Payments Data Payments Embedded Payments 59

PYMNTS

JANUARY 30, 2017

The latest report from the Identity Theft Resource Center (ITRC) and CyberScout finds a worrying trend: 2016 was a record year for data breaches, with businesses emerging as the largest target for hackers by far. Health care entities and government agencies, too, are at risk for their data security.

Data Security 54

Data Security Government Governance Data Breach 54

Fintech Finance

SEPTEMBER 5, 2024

One is Knot’s CardSwitcher , which lets customers change their payment methods easily with different merchants without the need to enter their Card. The other is American Express proprietary technology, which enables customers to share their payment data securely with their permission.

Payments 98

Payments Innovation Small Business Data Security 98

Payments Source

MAY 15, 2019

A Brooklyn startup predicts a mix of blockchain and AI can give retailers a referral and conversion model like Amazon and eBay, but the merchants will have to cede some data control.

Duplicate 118

Duplicate Blockchain Payments Data AI 118

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.” The PCI Security Standards Council determines and sets these security standards.

PCI DSS 88

PCI DSS Credit Cards Compliance Process 88

The Paypers

JUNE 16, 2023

Entrust, a security software provider, has expanded its partnership with payment, data security, and identity solutions provider Intexus to Accelerate LATAM bank payment enablement.

Data Security 36

Data Security Payments Payments Data Security 36

PYMNTS

DECEMBER 5, 2019

The PCI Security Standards Council has issued a new data security standard that will allow vendors to provide merchants with tap-and-go payment solutions that have been developed and lab-tested to protect payment data.

Contactless Payments 56

Contactless Payments Request for Comment Payments Payments Data 56

Clearly Payments

JUNE 3, 2024

Tokenization in payments is a security process that transforms sensitive payment data, such as credit card numbers, into a unique string of characters called a token. This token acts as a stand-in for the original data, rendering it useless to anyone who might intercept it. What is Tokenization?

PCI DSS 59

PCI DSS Payment Gateways Gateways Payments 59

PYMNTS

OCTOBER 12, 2018

With new risks come new solutions, and banks are taking this approach to data security: They are adopting technologies such as biometric authentication to protect sensitive information. Data: $248.26 At the same time, individual credit units may be small, but in aggregate they pack a punch.

Cybersecurity 61

Cybersecurity Credit Union Authentication Data Security 61

Stax

MARCH 15, 2024

Compliance with these standards ensures that merchants and payment processors implement robust security measures to safeguard financial data. EMV Standards: EMV (Europay, Mastercard, and Visa) standards govern the technology used in chip-enabled payment credit and debit cards and terminals.

Process 88

Process Security PCI DSS Encryption 88

EBizCharge

MAY 24, 2024

Tips for implementing embedded payments in Sage Merchants should stay current on the latest tips and guidelines to leverage the full potential of their Sage payment solutions. Your company should also schedule routine security audits and compliance checks to detect any vulnerabilities instantly.

Embedded Payments 52

Embedded Payments Process PCI DSS Payments 52

Stax

MARCH 6, 2024

An automated dunning process can help mitigate payment failures by notifying customers of issues and prompting them to take action, thereby minimizing revenue loss and maintaining customer relationships. 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

Segpay

DECEMBER 7, 2023

Segpay is a global payment facilitator of online credit card processing for subscription-based content providers and e-commerce merchants. Segpay can help you comply with the DSA by providing secure online payments, data protection, fraud prevention, localization, reporting, and customer service.

Compliance 52

Compliance Privacy Regulatory Compliance Data Security 52

PYMNTS

SEPTEMBER 18, 2017

The poll, which boasted more than 3,000 respondents, covered topics including customer expectations pertaining to credit and debit card data, tech-savviness of consumers, levels of data security protocols in place, perceptions of data security, how consumers are making payments based on perceptions of transaction safety and more.

Security 46

Security Data Breach Cybersecurity Breach 46

Ikajo

MARCH 23, 2023

A payment switch acts as a mediator between the payment gateway and financial institutions, allowing for the integration of various payment methods, for example, credit cards, debit cards, and mobile payments. Furthermore, advanced anti-fraud mechanisms detect and thwart any malicious activity.

Process 52

Process Payments Payment Gateways Gateways 52

PYMNTS

DECEMBER 12, 2018

However, with so much sensitive information being transferred with each transaction, the need to keep the data secure has never been greater. In the new Smarter Payments Tracker , PYMNTS explores the latest efforts by banks and businesses to keep payments data secure from fraudsters, cybercriminals and other bad actors.

Data Breach 66

Data Breach Faster Payments Payments Breach 66

EBizCharge

JULY 19, 2024

By understanding these pitfalls, businesses can take proactive steps to adopt more secure payment processing solutions. Difficulty in tracking and monitoring To maintain PCI compliance, businesses must implement robust monitoring and tracking mechanisms for payment processing and access to cardholder data.

PCI DSS 52

PCI DSS Compliance Credit Cards Third-Party Service Provider 52

EBizCharge

AUGUST 8, 2024

Security: Salesforce adheres to stringent security protocols, such as PCI compliance, multi-factor authentication (MFA), and advanced data encryption, to safeguard payment data. Encryption, fraud detection systems, and regular security audits protect business financial information and customer payment data.

Processors 52

Processors Payment Gateways Fraud Detection Encryption 52

Stax

SEPTEMBER 17, 2024

Essentially, it’s a piece of software that creates a secure tunnel for customers to connect with and transfer funds to merchants in online transactions. It’s also the software in your POS system or card readers that processes the customer’s payment data in a brick-and-mortar setting. Why Should You Use a Payment Gateway?

Payment Gateways 88

Payment Gateways Gateways Payment APIs and Integration Online and Mobile Banking 88

PYMNTS

NOVEMBER 10, 2020

Most online merchants rely solely on SSL/TLS to encrypt the data being sent from their websites. This leaves payment data vulnerable while inside the web page before it is transmitted. Hackers have exposed this vulnerability extensively over the years,” Miles added.

Transactions 93

Transactions Security Encryption CCPA 93

PYMNTS

JULY 31, 2019

Together, the firms are developing a platform to enable faster, more secure cross-border corporate payments that would allow companies to more seamlessly move funds to beneficiaries and banks to directly share payment data with each other without the need for intermediaries.

Visa 76

Visa Blockchain Cross-Border Cross-Border Payments 76

Payment Savvy

JANUARY 27, 2021

If your customers cannot trust you’ll keep their online payments safe, they’ll have no reason to support your business. Here are three ways you can keep customer online payments safe. Store Customer Payment Data Safely. Not surprisingly, this fact is the reason for the hefty regulations on consumer data privacy.

Security 52

Security PCI DSS Encryption Payments 52

PYMNTS

APRIL 24, 2020

This not only means ensuring that government systems are protected to prevent a data breach or unauthorized access of consumer or government payment data, but also means safeguarding government entities’ entire supply chains, too. “There is a great emphasis on data security,” he said.

ACH 64

ACH Government Governance B2G 64

PYMNTS

DECEMBER 1, 2020

A report found 47 percent of respondents predicting that switching to digital B2B payments would reduce their costs and 42 percent anticipating greater payment data security. Many may find that these updates were long overdue, crisis or no.

Cross-Border 87

Cross-Border B2B Cross-Border Payments Wire Transfer 87

Fintech Finance

FEBRUARY 1, 2024

It is based on responses from 5,383 small business customers of merchant services providers and measures satisfaction across six factors (in alphabetical order): advice and guidance on running your business; cost of processing payments; data security and protection; managing my account; payment processing; and quality of technology.

Debit Card 52

Debit Card Small Business Service Provider BNPL 52

PYMNTS

DECEMBER 10, 2018

It’s why it’s surprising that sloppy data security hygiene and well-placed bad actors are a bigger security threat to the next generation than hacking technology. Change can be disorienting, particularly when it comes at a fast pace.

Data Security 65

Data Security PayPal Mobile Payments Acquirers 65

PYMNTS

MARCH 27, 2018

Braintree Extend, which launches today, makes it possible for merchants to extend their reach into other ecosystems and environments and to share payments data in a secure, compliant way. The first is that they need a mechanism that allows the exchange of secure, tokenized payments data.

PayPal 49

PayPal Use Case Payments Data Fraud Detection 49

PYMNTS

JANUARY 25, 2019

With PSD2 in full swing in the European Union (EU), any merchant dealing with the payment data of EU citizens must upgrade their payment protocols to stay compliant. The Tracker also looks into how PSD2 could potentially serve as guidance for other countries that may be reevaluating their own rules on data privacy and payments.

Authentication 78

Authentication Privacy User Authentication Regulations 78

Stax

MARCH 4, 2024

Learn More Payment Security Fundamentals Merchants hold a lot of sensitive data when processing transactions, and if not properly safeguarded, hackers could wreak havoc. SSL/TLS is a complex payment security practice involving two different kinds of encryption keys—for more detailed information, check out this guide.

PCI DSS 88

PCI DSS Payment Security Security MFA 88

PYMNTS

MARCH 10, 2017

According to reports in Credit Union Journal , James Mooney, president and chief executive of Chevron Credit Union, spoke to the House Small Business Committee about SME cybersecurity Wednesday (March 8), suggesting that “it is very ambiguous right now” how small businesses are expected and required to protect payment data under current regulation.

Credit Union 43

Credit Union Cybersecurity GLBA Small Business 43

Segpay

APRIL 22, 2024

Using tokenization, businesses can significantly reduce their PCI scope since sensitive payment data is not stored locally. According to a PCI Security Standards Council survey, companies that use tokenization can reduce the cost of PCI compliance by up to 85%.

Data Breach 52

Data Breach Risk Online and Mobile Banking PCI DSS 52

PYMNTS

SEPTEMBER 18, 2017

Consider a survey commissioned by payment, telecom and financial data solutions provider Transaction Network Services (TNS), which found that 85 percent of adults across the United States, the United Kingdom and Australia believe fraud attempts on debit and credit cards are on the upswing.

Security 61

Security Payment Security Consumer Encryption 61

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). Hackers target data in transit, making it important to implement safeguards and encryption measures.

PCI DSS 130

PCI DSS Security Encryption Compliance 130

Nanonets

SEPTEMBER 21, 2023

Your IT team should work closely with the EDI payment provider to ensure a smooth and successful integration. 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.

Payment Solutions 52

Payment Solutions Payee Payments Payer 52

Stax

AUGUST 29, 2024

Step 3: Authorization, settlement, and reconciliation The payment gateway software will now send your customer’s payment information to your PSP to verify, authorize, and settle the transaction.

Payment Service Provider (PSP) 88

Payment Service Provider (PSP) Service Provider Payment Gateways Online and Mobile Banking 88