Remove GLBA Remove Origination Remove Privacy
article thumbnail

Everything You Need to Know About Secure Payment Processing Systems

Stax

Examples include the General Data Protection Regulation (GDPR) in the European Union and the Gramm-Leach-Bliley Act (GLBA) in the United States. To decrypt the ciphertext and retrieve the original plaintext, the recipient uses the same algorithm but with the decryption key. How Do Secure Payment Systems Work?

Process 88
article thumbnail

Spinning Raw Data Into Synthetic (Revenue) Gold For FIs

PYMNTS

The next and more important step is to create raw, anonymous and synthetic data, “because there is a big security, compliance and privacy impact.”. Koch explained that synthetic data is a fake data set that “doesn’t have any risk to the raw data set, yet it retains data accuracy of the original data set.”.

GLBA 57