Payments Dive

APRIL 4, 2018

Simplify payment acceptance and compliance with a fully managed solution for the transport of encrypted credit, debit and other card-based payment transactions. TNS' Managed POS Encryption service, in partnership with Ingenico Group, is ideally suited to merchants and processors.

Encryption 60

Encryption Transactions Payment Security Processors 60

VISTA InfoSec

JULY 19, 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. As soon as you tap the app icon, the PCB connects your phone processor to its memory and display and VOILÀ.

Cybersecurity 264

Cybersecurity Encryption Fraud Detection CHIPS 264

Stax

MARCH 15, 2024

Secure payment systems are easy to implement, as you use your payment processor to create a secure payment gateway. Compliance with these standards ensures that merchants and payment processors implement robust security measures to safeguard financial data. Encryption The fundamental component of secure payment systems is encryption.

Process 88

Process Security PCI DSS Encryption 88

Clearly Payments

OCTOBER 30, 2024

From selecting a compatible payment processor to navigating local regulations, each decision can significantly impact customer experience and business success abroad. Selecting the Right Payment Processor Choosing the right payment processor is foundational to expanding internationally.

International Payments 79

International Payments Process Multi-Currency Cross-Border 79

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. As soon as you tap the app icon, the PCB connects your phone processor to its memory and display and VOILÀ.

Cybersecurity 130

Cybersecurity Encryption Fraud Detection CHIPS 130

Clearly Payments

NOVEMBER 13, 2024

For payment processors and financial institutions, however, understanding BINs is essential for smooth transaction processing, security, and even risk management. Payment processors use this data to authenticate the card details, ensuring that the card being used matches the card type, issuer, and other key characteristics tied to the BIN.

Process 76

Process Processors Payments Compliance 76

Segpay

JUNE 13, 2024

Recent cyberattacks on payment processors: The BitMark attack. PCI DSS compliance sets industry requirements that safeguard payment card data using encryption, firewalls, and regular security audits. The post Securing Financial Transactions: Best Practices Amidst Cyberattacks on Payment Processors appeared first on Segpay.

Best Practices 40

Best Practices Processors Transactions Security 40

Stax

NOVEMBER 6, 2023

There are various methods of enforcing data security, such as data masking, encryption, authentication, and data tokenization. Tokenization vs encryption Data encryption is another popular data security technique where data is transformed into an illegible format. The resulting token is essentially a proxy and has no real value.

Encryption 88

Encryption PCI DSS Data Security Origination 88

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

When looking for a payment gateway, make sure it easily integrates with your payment processor, offers transparent pricing, allows you to white-label the payment experience, and has great customer reviews. The gateways authorize the customer’s payment and encrypt the cardholder information. What Exactly Is a Payment Gateway?

Payment Gateways 88

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

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

Payments Dive

MAY 14, 2018

Bluefin's PCI-validated P2PE solutions encrypt cardholder data at the point of interaction and are available to all merchants and processors utilizing the TNS network Don't let a data breach derail your business.

Data Breach 60

Data Breach Encryption Breach Processors 60

Stax

MARCH 4, 2024

Safeguarding customer payment information requires secure processes during the collection, transmission, processing and storage of payment data and working with a trusted payment processor. It’s also critical to ensure card information is protected from data breaches with secure encryption and cybersecurity standards in place.

PCI DSS 88

PCI DSS Payment Security Security MFA 88

Stax

SEPTEMBER 17, 2024

Protect Stored Cardholder Data Organizations must protect stored cardholder data and other credit card information using encryption, masking, hashing, or other methods to make the data unreadable to unauthorized individuals. Additionally, sensitive authentication data must never be stored after authorization, even if encrypted.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

National Processing

JULY 3, 2023

In order to accept credit or debit card payments, merchants will need a payment gateway, which collects and encrypts all of the information their payment processor will need in order to facilitate the actual transfer of funds from the customer’s account to the merchant’s account.

Payment Gateways 68

Payment Gateways Gateways Debit Card Encryption 68

Stax

AUGUST 20, 2024

This is the first step of the process, and it is handled directly between the merchant and the payment processor. The payment processor will send a request for authentication to the customer’s card issuer. Solution : Ease the integration process by working with a knowledgeable payment processor and leveraging their support.

Authentication 88

Authentication Security Card Issuer Payment APIs and Integration 88

Clearly Payments

APRIL 3, 2024

When a customer initiates a payment, the payment processor verifies the transaction details, such as the cardholder’s information and the availability of funds. Once verified, the processor authorizes the transaction and communicates this approval to both the merchant and the customer. Visa, Mastercard).

Process 45

Process Processors Online and Mobile Banking Payments 45

Stax

NOVEMBER 14, 2024

They include: the merchant, cardholder, card associations, acquiring bank, issuing bank, and payment processor. Payment Processor: The credit card processing company handles the processing and batching of purchases made with credit, debit, or gift card payments. TL;DR There are several parties involved in credit card processing.

Credit Cards 88

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

EBizCharge

MARCH 12, 2024

When a customer purchases on a merchant’s website, the payment gateway securely collects and transmits the payment information to the payment processor or acquiring bank for authorization. You can work with reputable payment processors like EBizCharge to ensure a seamless online payment experience that meets all your needs.

Credit Cards 52

Credit Cards ACH PCI DSS Payment Gateways 52

Payment Savvy

JULY 3, 2024

Security Measures in Debit Card Payment Processing Here’s a breakdown of security measures employed in debit card payment processing: Encryption Encryption involves converting sensitive information (debit card numbers and personal details) into a coded format that is unreadable without a unique decryption key.

Debit Card 52

Debit Card Process PCI DSS Processors 52

PYMNTS

MARCH 8, 2017

Through the partnership , Bluefin’s PCI-validated point-to-point encryption (P2PE) solution will be used to help expand the data security for companies utilizing FAC’s payment gateway. RM: FAC is the first payment processor to provide a PCI-validated P2PE solution to the LAC market through Bluefin’s decryption-as-a-service model, Decryptx.

Encryption 40

Encryption Data Breach Payment APIs and Integration Point-of-Sale (POS) 40

EBizCharge

NOVEMBER 12, 2024

These applications enable merchants to partner with payment processors to seamlessly process customer transactions. These steps ensure your merchant service provider or payment processor has all the necessary information to support these transactions. This helps the payment processor assess your business’s risk profile.

Online and Mobile Banking 52

Online and Mobile Banking Processors Debit Card Volume 52

PYMNTS

MAY 30, 2018

Those stakeholders range from acquirers to processors to ISOs. Gone are the days when a POS device might be outfitted with a single encryption key needed for debit transactions. Now, with the emergence of things like point-to-point encryption, POS devices are increasingly being fitted with as many as 10 encryption key slots.

Encryption 49

Encryption Audit Point-of-Sale (POS) Acquirers 49

The Fintech Times

SEPTEMBER 5, 2024

Let’s take for example, the terminal and the processor, this is a one-way street communication and if either experiences a fault the entire non-cash transaction is no longer available. So what do we mean by ‘process rigidity’?

Financial Crimes 62

Financial Crimes Mitigation Cybersecurity Crime 62

Stax

FEBRUARY 26, 2024

Role of payment gateways and processors Payment gateways and processors act as the backbone of recurring payments. These platforms facilitate secure transactions, encrypt sensitive data, and ensure the seamless flow of funds between customers and businesses.

Best Practices 88

Best Practices Payment APIs and Integration Payment Gateways Payments 88

Stax

APRIL 18, 2024

Choosing the payment processor and other items in your credit card processing tech stack will depend entirely upon your business model. Processor: An entity responsible for handling transaction data between the merchant, acquiring bank, and card networks. Card Network (e.g., These are also known as pass-through fees. per transaction.

Credit Cards 88

Credit Cards Process Online and Mobile Banking Processors 88

The Fintech Times

SEPTEMBER 24, 2024

“By automating risk assessments and ensuring encryption and secure data management, regtech not only reduces the chances of human error but also enables continuous monitoring for data breaches, thereby safeguarding privacy in an increasingly complex digital landscape. .”

Privacy 105

Privacy Compliance PCI DSS Rules 105

EBizCharge

AUGUST 15, 2024

Payment processor fees: Payment processors are intermediaries that handle credit card transactions between merchants, card networks, and issuing banks. These processors charge merchant fees for their platforms and services, including transaction authorizations, settlement, and customer support. Who charges pass-through fees?

Processors 52

Processors Credit Cards Best Practices Volume 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.

Transactions 93

Transactions Security Encryption CCPA 93

Clearly Payments

JANUARY 12, 2024

Contact the Payment Processor Notify your payment processor as soon as possible. Merchants should invest in secure payment processing systems, utilize encryption technologies, and comply with Payment Card Industry Data Security Standard (PCI DSS) requirements. Implementing robust security measures is another essential step.

Credit Cards 82

Credit Cards Law Enforcement Card Issuer PCI DSS 82

Evolve Payment

MARCH 21, 2024

Gateway Providers Gateway providers act as tech-savvy middlemen, ensuring smooth communication between your payment processor, ERP solution, and accounting software. Gateways securely pass sensitive customer data from your website or point-of-sale (POS) system to your payment processor. Your gateway, bank, processor, or someone else?

Process 52

Process Gateways Processors Credit Cards 52

Clearly Payments

JANUARY 10, 2024

This involves marking up the fees they pay to payment processors and adding a surcharge for each transaction processed through their platform. Before Shopify started bundling payments, businesses could use any payment processor they want. Becoming a payment processor is a big commitment with quite a few barriers to entry.

Processors 82

Processors ISOs Embedded Finance Payments 82

Evolve Payment

NOVEMBER 19, 2024

Another option is for your processor to offer guidance, as most of them have a PCI compliance department. Send the Questionnaire to Your Processor for Submission After completing the SAQ, your processor will submit it for approval. P2PE Merchants using only a validated, PCI-listed Point-to-Point Encryption (P2PE) solution.

PCI DSS 52

PCI DSS Compliance Processors Breach 52

EBizCharge

JULY 19, 2024

Lack of encryption Encryption is essential for protecting sensitive cardholder data during transmission over public networks. Standard PDF forms don’t typically offer end-to-end encryption for data in transit or at rest, making the sensitive information vulnerable to interception or unauthorized access by cybercriminals.

PCI DSS 52

PCI DSS Compliance Credit Cards Third-Party Service Provider 52

Stax

JULY 9, 2024

Advanced encryption techniques are used to protect sensitive data during transmission, ensuring that personal and financial information remains confidential. Compliance requires implementing robust security measures, such as encryption and authentication protocols, regularly auditing processes, and staying updated on regulatory changes.

Electronic Fund Transfer Act (EFTA) 88

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

Stax

JULY 16, 2024

When you partner with a payment processor, ensure they are PCI DSS compliant too. The best way to protect data as it is being transmitted over a network, especially one that is public and open, is to encrypt it. Encryption is a method that renders information useless to criminals when being transmitted.

PCI DSS 88

PCI DSS Compliance Credit Cards Encryption 88

Payment Savvy

DECEMBER 30, 2020

It’s why merchants must first consider the needs of their businesses before selecting a payment processor. You should choose a processor offering flexible options and keeps up with the changing technologies. If this is the case, consider shifting to a better processor. Even with the best processors, problems can still crop up.

Payment Solutions 52

Payment Solutions Business Payments Processors Payments 52