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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. Regulatory Compliance: Payment systems may also need to comply with specific regulations and laws related to financial transactions and data protection, depending on the region and industry.

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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.”. In short, concerns with GLBA, GDPR , PCI, reputational and headline risks tied to raw data can literally “all go away with the use of synthetic data.”.

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