VISTA InfoSec

OCTOBER 21, 2024

As fraudsters are continuously finding new ways to strike, we’re continuously finding new ways to prevent them with controls such as encryption, multi-factor authentication, fraud detection software, etc. The TPM can securely store and generate cryptographic keys, passwords, certificates, and encryption keys.

Cybersecurity 189

Cybersecurity Encryption Fraud Detection CHIPS 189

The Payments Association

DECEMBER 9, 2024

The dual impact of generative AI on payment security, highlighting its potential to enhance fraud detection while posing significant data privacy risks. From fraud detection to customer support, AI-driven solutions are revolutionising how payments are processed and safeguarded. What is this article about?

Privacy 88

Privacy Payment Security AI Security 88

Stax

MARCH 18, 2025

Payment gateway – The service that encrypts and securely sends payment details from the customer to the payment processor and back to the merchant. Payment information is encrypted and sent for authorization – The payment gateway encrypts and sends the payment details to the payment processor.

Process 88

Process Payment APIs and Integration Processors Online and Mobile Banking 88

Clearly Payments

NOVEMBER 13, 2024

This routing allows the processor to request authorization for the transaction from the issuing bank, which then approves or denies it based on factors like available funds and fraud checks. Security and Fraud Detection : The BIN can provide valuable data points that help prevent fraud.

Process 104

Process Processors Payments Compliance 104

Clearly Payments

MARCH 14, 2025

Merchant Sends Transaction Request : The merchant’s POS system or online payment gateway encrypts and transmits the transaction data to the acquiring bank or payment processor. Fraud Detection Reports : Analyze suspicious transactions using AI-driven fraud detection systems. Final Confirmation 0.5

Credit Cards 52

Credit Cards Transactions PCI DSS Online and Mobile Banking 52

Stax

JANUARY 21, 2025

Ensure the gateway offers PCI DSS compliance, encryption, tokenization, and fraud prevention tools to safeguard transactions. The payment gateway collects and encrypts sensitive customer payment details and then securely sends them to the payment processor. Learn More What is a Payment Gateway?

Payment Gateways 88

Payment Gateways Gateways PCI DSS Payment APIs and Integration 88

Stax

MARCH 4, 2025

TL;DR Online payments rely on API or hosted gateways with encryption and fraud detection, while in-store transactions require POS hardware with EMV chip technology and NFC capabilities. Implement SSL (Secure Sockets Layer) encryption to ensure secure data transmission between your website and payment gateway.

Credit Cards 88

Credit Cards Payment APIs and Integration Payment Gateways Gateways 88

Stax

MARCH 11, 2025

Encryption and transfer of payment information The payment gateway that underpins your checkout page will now encrypt the customers payment details as stipulated by industry data security regulations like PCI DSS (Payment Card Industry Data Security Standard) before transferring the data to your payment processor.

Online Payment Processing 88

Online Payment Processing Process Payment Gateways Online and Mobile Banking 88

The Payments Association

JUNE 26, 2024

Key challenges include ensuring payment security amidst increasing cyber threats, which necessitates the use of robust encryption, tokenization, and fraud detection systems. The digital payments landscape is evolving rapidly due to technological advancements and changing consumer preferences.

Digital Payments 110

Digital Payments Fraud Detection Regulatory Compliance Encryption 110

EBizCharge

JANUARY 14, 2025

Overall, the payment gateway acts as a secure bridge that encrypts sensitive data, such as credit card details, to ensure the transaction is processed safely and efficiently. Strong encryption builds trust with customers and reduces the risk of data breaches. Fraud detection and prevention are critical features of a payment gateway.

Payment Gateways 52

Payment Gateways Gateways Payment APIs and Integration Online and Mobile Banking 52

Clearly Payments

JANUARY 21, 2025

Stronger Security: Advanced encryption, tokenization , and fraud detection protect sensitive data and bolster public trust. Real-time tracking and fraud detection improved trust in the system, while administrative overhead was significantly reduced.

Government Payments 59

Government Payments Governance Government PCI DSS 59

PYMNTS

JUNE 2, 2017

First Data, the global commerce-enabling technology company, announced Thursday (June 1) the launch of Fraud Detect, a fraud solution for merchants around the world. According to First Data, using artificial intelligence, Fraud Detect analyzes vast data sets to identify fraud and potential chargebacks.

Fraud Detection 43

Fraud Detection AI Cybersecurity Encryption 43

Fintech Weekly

MARCH 3, 2025

Learn about encryption, AI-powered fraud detection, liveness detection, and decentralized data storage to protect user credentials and enhance fintech security. Discover how to prevent biometric hacking in banking apps with advanced security measures.

Fraud Detection 78

Fraud Detection Credential Encryption AI 78

EBizCharge

MARCH 18, 2025

PCI-compliant Sage 100 payment software providers must maintain strict security standards and enforce various measures, such as advanced encryption and tokenization, to safeguard sensitive payment data. By adhering to these standards, businesses can reduce data breach risks and maintain regulatory compliance.

Credit Cards 52

Credit Cards Process Security Data Breach 52

Fintech News

NOVEMBER 6, 2024

Brankas’ platform addresses key compliance requirements such as API standardization, authentication, and encryption. The integration of ADVANCE.AI’s technology provides features such as real-time identity verification, fraud detection, and risk assessments, which help financial institutions meet regulatory demands securely.

Compliance 101

Compliance Payment APIs and Integration Fraud Detection Risk Assessment 101

Segpay

FEBRUARY 21, 2024

Generative AI in Digital Payments: Enhanced Fraud Detection: Generative AI improves the security of digital payments by enhancing fraud detection mechanisms. This makes real-time detection and prevention possible. Fraud Detection Generative AI contributes to fraud detection and prevention in KYC processes.

AI 105

AI Innovation Fraud Detection Encryption 105

Core

MARCH 19, 2024

The solution: robust government fraud detection mechanisms for payment systems. Here’s what compliance managers and auditors need to know to strengthen internal fraud prevention and safeguard public funds. When fraud persists for over five years, the average loss increases to $800,000.

Fraud Detection 52

Fraud Detection Governance Government Compliance 52

EBizCharge

NOVEMBER 27, 2024

The gateway acts as the intermediary that collects, encrypts, and transmits transaction data to the payment processor. Fraud detection and security tools: Merchant accounts often include tools and standards to prevent fraud and enhance security, including Payment Card Industry Data Security Standards (PCI-DSS).

Accounts 52

Accounts Payment Gateways Gateways Payment APIs and Integration 52

Fintech Finance

MARCH 3, 2025

It evaluates compliance across five trust principles: Security (protection against unauthorised access), Availability (service reliability and uptime), Processing Integrity (accurate and complete data handling), Confidentiality (encryption of sensitive information), and Privacy (compliant personal data processing).

Fraud Prevention 52

Fraud Prevention Fraud Detection AI Risk Management 52

Stax

DECEMBER 12, 2024

These capture, encrypt, and transmit the customers payment details from the eCommerce website to the payment processor. This encryption turns data into an unreadable format to prevent fraud and security breaches. They also integrate with business management tools (e.g., inventory, CRM, and accounting software). Payment gateways.

Small Business 88

Small Business Online and Mobile Banking Volume Checks 88

The Fintech Times

JANUARY 20, 2025

Smarter insights: Firms can gain access to detailed transaction data, recurring payment information, and token data for efficient fraud detection and accurate processing. Biometric authentication: Advanced methods like WebAuthn and SPC reduce fraud risks while offering a modern, secure experience.

EMV 59

EMV Payment APIs and Integration Authentication Processors 59

Fi911

JULY 8, 2024

Furthermore, the growing sophistication of fraud techniques, including synthetic identity fraud and account takeovers, exacerbates the challenge. This makes it imperative for businesses to stay ahead with robust fraud detection and prevention strategies.

Account Takeovers 97

Account Takeovers Fraud Detection Phishing Fraud Prevention 97

The Payments Association

MARCH 25, 2025

Reactive, not proactive: Rule-based systems fail to detect evolving threats. At SENDS, we recognised early that outdated practices compromise security and efficiency, so we embraced AI-driven solutions to transform fraud detection and compliance.

Regulatory Compliance 88

Regulatory Compliance AML Compliance PCI DSS 88

The Payments Association

DECEMBER 18, 2024

.” Tim Joslyn, chief technology officer , states, “Quantum computing is no longer a distant futureits advancing rapidly, with researchers from Shanghai University demonstrating breakthroughs in cracking encryption algorithms.

Cross-Border 88

Cross-Border AI Push-to-Card Real Time Payments 88

EBizCharge

MARCH 7, 2025

Opt for a PCI-compliant gateway with encryption, tokenization, and fraud detection tools to protect customer data and prevent chargebacks. Look for a provider with a certified Acumatica integration to avoid compatibility issues. Security and compliance are also crucial factors to consider.

Payment Gateways 52

Payment Gateways Gateways Payment APIs and Integration Payments 52

Tearsheet

JULY 1, 2024

Two-factor authentication, encryption and fraud detection are minimum requirements. Security: These payment solutions come with strong security features like advanced encryption and authentication. Implement strong access controls and encryption/tokenization. Continuous monitoring.

BNPL 105

BNPL Online and Mobile Banking Encryption Payments 105

Stax

MARCH 4, 2024

It’s also critical to ensure card information is protected from data breaches with secure encryption and cybersecurity standards in place. NFC payments, including digital wallets, are very secure, relying on encryption to mask the card number, further protecting cardholder information.

PCI DSS 88

PCI DSS Payment Security Security MFA 88

Evolve Payment

OCTOBER 22, 2024

Fraudsters are getting better at passing for the real deal, so Evolve Payment’s fraud detection team has to elevate our capabilities to fight back. Going Beyond Standard Merchant Security Practices Effective fraud identification combines multiple fraud detection techniques into one comprehensive effort.

Deepfake 98

Deepfake Verification Fraud Detection AI 98

Nanonets

DECEMBER 13, 2023

The integration of fraud detection algorithms is paramount for error reduction. These algorithms analyze patterns and anomalies in the data to identify potential instances of fraud or misrepresentation. Encryption techniques and access controls further enhance data protection.

AI 102

AI Process Fraud Detection Compliance 102

PYMNTS

FEBRUARY 2, 2017

Combating cyberfraud is a “balancing act,” says Sift Science, a fraud detection software company. And the number of things corporations have to juggle to safeguard their data — from the numerous types of fraud to the copious technologies that combat it all — mean cybersecurity is no easy task. Wishful Thinking.

Security 65

Security Encryption Cybersecurity Law Enforcement 65

Fintech Review

FEBRUARY 18, 2025

Data breaches or fraud could undermine trust, making strong encryption, fraud detection, and authentication mechanisms essential. Automated fraud detection will enhance security, making transactions safer. Data security is a top concern. Regulators are working to adapt.

Embedded Finance 95

Embedded Finance Finance Payment APIs and Integration Non-Bank 95

Fintech Review

MARCH 18, 2025

This emerging technology holds particular relevance for fintech, which relies heavily on encryption to secure transactions and data. Researchers warn that powerful quantum computers could one day crack traditional encryption methods in a feasible time. Over time, cybersecurity threats pushed fintech security to evolve further.

Security 66

Security Encryption FinTech Breach 66

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. Chips uniquely encrypt the card information each time it is used. Point-of-Sale Point-of-sale systems are huge for restaurant and retail locations.

Credit Cards 88

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

Stax

DECEMBER 9, 2024

Strengthen Fraud Prevention Measures Implement robust fraud detection and prevention systems to minimize the occurrence of fraudulent transactions. Use address verification, CVV checks, and fraud scoring models to identify potentially fraudulent orders.

Credit Cards 88

Credit Cards Process Disputes Card Issuer 88

Clearly Payments

DECEMBER 2, 2024

The payment gateway encrypts the data and securely transfers it to the card issuer for approval. Look for features like fraud detection , multi-currency support , and a smooth user interface. Invest in Fraud Prevention Tools: Use payment systems with built-in fraud detection, tokenization, and encryption.

Credit Cards 105

Credit Cards Payment Gateways Gateways Point-of-Sale (POS) 105

The Fintech Times

MARCH 18, 2024

Key benefits of digital fraud prevention tools Real-time monitoring leveraging fraud detection algorithms The power of modern fraud detection tools lies in their ability to monitor transactions and user behaviour continuously, in real time.

Fraud Prevention 59

Fraud Prevention AI Fraud Detection Payments 59

Wharton Fintech

FEBRUARY 26, 2024

If you have noticed the chip that is on the card to provide encryption of all transactions and payments, when we moved into mobile devices like Apple Pay or Google Pay, we used the chips in your phone to offer similar encryption capabilities. A lot of technology went into securing the payment systems to fight fraud.

Visa 130

Visa Technology Payments Encryption 130