Stax

NOVEMBER 21, 2024

It also ensures that data security best practices, particularly PCI DSS (Payment Card Industry Data Security Standards) requirements , are followed to the letter to prevent any breach or loss of sensitive customer data. It serves as a link between your website and your payment processor.

Credit Cards 88

Credit Cards Small Business Process Credit Card Payment Processing 88

Stax

MARCH 5, 2025

They work by transmitting all the credit card info between the acquiring and issuing bank, as well as the business owner. Security Its a given to have a provider that protects cardholder data in this digital age. In other words, no credit card payment processor, no accepting credit cards.

Credit Card Payment Processing 88

Credit Card Payment Processing Credit Cards Process Payment Gateways 88

Stax

JANUARY 21, 2025

All POS systems should comply with all data security standards set by the PCI (Payment Card Industry). Theyve acquired many companies along the way, including ShopKeep, Vend, and Upserve. This is particularly the case for smaller businesses because these entities are victims of almost 43% of all cyberattacks.

Point-of-Sale (POS) 88

Point-of-Sale (POS) Small Business Credit Cards Process 88

VISTA InfoSec

MAY 24, 2024

In an era where digital transactions reign supreme, ensuring the security of payment card data is paramount for businesses. Implement security measures such as firewalls, encryption, and access controls to protect cardholder data. This assessment will help determine the scope of the compliance efforts.

PCI DSS 243

PCI DSS Small Business Assessments Compliance 243

Fintech Finance

OCTOBER 16, 2024

This collaboration brings together Macro Global’s expertise in cross-border payments technology with Trust Payments’ cutting-edge acquiring solution and the TRU Connect Payment Gateway , delivering a superior customer experience by providing timely and accurate card-based money transfers with robust data security at its core. “We

Cross-Border Payments 105

Cross-Border Payments Cross-Border Payments Settlement 105

Stax

MARCH 18, 2025

Because of this,the concern for payment security is at an all-time high. To keep the system of securing financial information and cardholder information safe, a multi-pronged approach to payment processing data security is imperative. Encryption protects sensitive data by encoding it before sending it out.

PCI DSS 88

PCI DSS Encryption Data Breach Credit Cards 88

Finovate

FEBRUARY 8, 2024

Payments, identities, and data security company Entrust confirmed that it has entered “exclusive discussions” to acquire identity verification technology company Onfido. The company’s technology helps businesses acquire new customers and keep costs low, while remaining compliant with regard to both KYC and AML.

Acquirers 52

Acquirers Verification Deepfake AI 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. PYMNTS: How will the partnership help to expand data security in the market?

Encryption 40

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

Stax

MARCH 15, 2024

Compliance with these standards ensures that merchants and payment processors implement robust security measures to safeguard financial data. These standards help prevent card-present fraud by authenticating transactions through dynamic data authentication and cryptographic processes.

Process 88

Process Security PCI DSS Encryption 88

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.” Data should only be stored if absolutely necessary and only for as long as required by business, legal, or regulatory needs.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

The Finance Weekly

DECEMBER 30, 2021

Business intelligence, data security, and and has proved particularly effective for finance departments, given the recent powerful innovations in finance technologies. Heightened Data Security A data security breach is one of the CFO’s biggest nightmares. Business Stabilization.

Technology 130

Technology MSPS Small Business Data Security 130

CB Insights

MARCH 27, 2019

These high-profile data breaches (among many others over the last few years) have put the general public on high alert, with talk of data protection becoming an increasing priority. Read our future of data security report for more on this topic. ). The Controversies.

Cybersecurity 76

Cybersecurity Encryption Data Breach Breach 76

PYMNTS

JUNE 24, 2020

There also may be a migration toward tokenization, he said, in a bid to enhance data security through encryption. beachhead through acquiring Finicity, looking ahead, Vosburg said “ultimately we expect over time that there’ll be some connectedness between our regional strategies.

Visa 105

Visa API Encryption Credential 105

Fintech Finance

MAY 24, 2024

Bluefin , the integrated payments pioneer in PCI-validated Point-to-Point (P2PE) encryption and tokenization services that protect payments and sensitive data, has announced the completion of Elavon certification for SUNMI Payment Terminal. It can also reduce the PCI DSS compliance burden by more than 90%.

PCI DSS 52

PCI DSS Encryption Payments Payment Solutions 52

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 Encryption Compliance Assessments 88

Stax

SEPTEMBER 17, 2024

Most payment gateways come with features like fraud detection and data encryption that are specifically geared towards keeping your customers’ payment information secure. A payment processor is a company that acts as the intermediary or middleman between the two banks: the issuing bank and the acquiring bank.

Payment Gateways 88

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

Stax

AUGUST 29, 2024

The provider works behind the scenes with acquiring banks, card networks, issuing banks, and other financial institutions to ensure the seamless transfer of funds between buyers and merchants. The acquiring bank will check with the customer’s issuing bank to confirm that the customer holds sufficient funds to complete the transaction.

Payment Service Provider (PSP) 88

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

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

Stax

APRIL 18, 2024

Acquiring Bank (Merchant Bank): The financial institution that establishes and maintains the merchant’s account, enabling them to accept credit card payments. Visa, Mastercard): The intermediary networks facilitating transactions between acquiring and issuing banks. Card Network (e.g.,

Credit Cards 88

Credit Cards Process Online and Mobile Banking Processors 88

VISTA InfoSec

NOVEMBER 9, 2023

In the world of digital transactions, businesses handling payment cards must demonstrate their data security measures through the Payment Card Industry Self-Assessment Questionnaire (PCI SAQ). Completing the SAQ is a key step in the PCI DSS assessment process, followed by an Attestation of Compliance (AoC) to confirm accuracy.

PCI DSS 130

PCI DSS Assessments Credit Cards Compliance 130

PYMNTS

DECEMBER 31, 2018

HBC today [April 2] announced that it has become aware of a data security issue involving customer payment card data at certain Saks Fifth Avenue, Saks OFF 5th and Lord & Taylor stores in North America,” the company wrote in a statement. about a potential data security incident.

Data Breach 92

Data Breach Breach Database Compromise 92

Clearly Payments

DECEMBER 3, 2023

Credorax: Smart acquiring solutions (International). CyberSource: Secure electronic payment services (International). Tokenization: Tokenization helps ensure your critical customer and credit card data is safe. CoinGate: Cryptocurrency payment gateway (International). Divido: Platform for retail finance (International).

Payment Gateways 105

Payment Gateways Gateways Online and Mobile Banking Payment APIs and Integration 105

Stax

JANUARY 15, 2024

PCI DSS compliance, a global framework, mandates specific requirements and best practices for maintaining credit card data security. Interchange fees are fees your bank (acquirer) pays to the cardholder’s bank (issuer) in a credit card transaction. Security audits. End-to-end encryption. Interchange fee management.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

PYMNTS

OCTOBER 5, 2020

Customers’ data is transmitted to various parties when their cards are used at checkout and many hackers seek to compromise these communication flows to steal details. Hackers often try to intercept the data as it travels between entities, attempting to breach retailers’ or their payment providers’ systems to obtain stored cardholder details.

Data Breach 82

Data Breach Breach PCI DSS Compliance 82

PYMNTS

JUNE 29, 2018

The company said it discovered the problem on Tuesday (June 26), when “an unauthorized party” claimed to have acquired some of its consumer data. The investigation so far has found that the leaked data includes contact information, usernames and encrypted passwords. Adidas isn’t the first retailer affected by a breach.

Data Breach 40

Data Breach Breach Compromise Encryption 40

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

Segpay

FEBRUARY 24, 2025

Last January, Segpay proudly announced that it has launched its new gateway payment platform: The Segpay Gateway can handle high volumes of merchant transactions in multiple currencies, keeping all data safe with the latest data security standards. Key Functions of a Payment Gateway: Encrypts and securely transmits payment data.

Payment Gateways 45

Payment Gateways Processors Gateways Payment Service Provider (PSP) 45

PYMNTS

JULY 23, 2018

Gemalto, the digital security company that is being acquired by Thales, the French aerospace and defense company, will see the European Commission launch an in-depth investigation into the proposed deal. Combined, it would be one of the top three industry players in digital security, noted the report.

Cybersecurity 40

Cybersecurity Encryption Data Security Security 40

Clearly Payments

APRIL 3, 2024

Payment Gateway: The payment details are encrypted and sent to the payment gateway, which acts as a bridge between the merchant and the payment processor. Funds Transfer: The payment processor initiates the transfer of funds from the issuing bank to the acquiring bank (the merchant’s bank) for settlement. Visa, Mastercard).

Process 59

Process Processors Online and Mobile Banking Payments 59

Payment Savvy

MAY 11, 2023

To do so, you will need to establish a merchant account with an acquiring bank or payment processor. Transaction processing: Visa transactions are processed electronically through the Visa network, which securely communicates with your acquiring bank or payment processor to authorize and settle transactions.

Rules 52

Rules PCI DSS Disputes Payment Networks 52

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. Therefore, merchants should offer popular payment options that provide consumers flexibility and robust security features to protect sensitive data.

Credit Cards 52

Credit Cards ACH PCI DSS Payment Gateways 52

Payment Savvy

JULY 3, 2024

This information is then sent securely to the acquiring bank. The acquiring bank, which processes payments on behalf of the merchant, receives the transaction data and forwards it to the relevant card network (such as Visa or Mastercard). PCI DSS Compliance This is the cornerstone of debit card security.

Debit Card 52

Debit Card Process PCI DSS Processors 52

Stax

DECEMBER 6, 2024

In June 2019, Fidelity National Information Services ( FIS ) acquired Worldpay in a massive $35 billion deal, making it the largest financial technology merger at the time. Q: How does Worldpay by FIS ensure payment security? The newly merged entity assumed the Worldpay brand while integrating Vantivs operational strengths.

Payment APIs and Integration 88

Payment APIs and Integration Payment Gateways Credit Cards Fraud Prevention 88

Stax

AUGUST 22, 2024

You need to adhere to KYC (Know Your Customer) requirements, GDPR (General Data Protection Regulation), and AML (Anti-Money Laundering) regulations among others. They also need to have strong data security protocols in place. Make sure you are compliant with all data security and fraud prevention regulations.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

Evolve Payment

MARCH 21, 2024

Gateways securely pass sensitive customer data from your website or point-of-sale (POS) system to your payment processor. Payment processors take the encrypted payment information from the gateway and exchange it with the card networks and banks. This is your bank, the bank that’s responsible for your merchant account.

Process 52

Process Gateways Processors Credit Cards 52

Clearly Payments

DECEMBER 5, 2023

This comprehensive guide aims to unravel the complexities and distinctions among three primary types of payment processors: Acquirers, Independent Sales Organizations (ISOs), and Aggregators. Secure Socket Layer (SSL) encryption became a standard, ensuring the confidentiality of sensitive information during online transactions.

Processors 52

Processors ISOs Payment APIs and Integration Payments 52

EBizCharge

APRIL 25, 2024

Apply for a merchant account A merchant account is typically set up through a payment processor or acquiring bank. This account serves as an intermediary between the business and the payment processor or acquiring bank, facilitating the secure processing of credit and debit card transactions, among other forms of payment.

Online and Mobile Banking 52

Online and Mobile Banking Debit Card Credit Cards Contactless Payments 52