The Payments Association

DECEMBER 10, 2024

It highlights the urgent need for payments firms to address AI-driven fraud to protect financial security, maintain customer trust, and comply with regulations. These systems continuously assess the risk associated with each transaction, taking into account factors such as transaction history, user behaviour, and device data.

AI 88

AI Fraud Detection Fraud Prevention Deepfake 88

Cardfellow

APRIL 27, 2025

You may recognize the Self-Assessment Questionnaire (SAQ) that businesses using the Defined Approach will submit. Required Multi-Factor Authentication (MFA) Version 4.0 of the PCI standard now requires multi-factor authentication (MFA) for any access to cardholder data. This is part of the 4.0

PCI DSS 52

PCI DSS Encryption Processors Credit Cards 52

VISTA InfoSec

SEPTEMBER 25, 2024

Hence, its essential to assess the following factors when deciding: Customization: The platform should allow for tailored solutions that meet the unique needs of your business. Change Management: Develop a change management strategy to address any resistance or concerns from your team.

Cybersecurity 130

Cybersecurity CRM Disaster Recovery Encryption 130

VISTA InfoSec

OCTOBER 21, 2024

Hence, it’s essential to assess the following factors when deciding: Customization: The platform should allow for tailored solutions that meet the unique needs of your business. Change Management: Develop a change management strategy to address any resistance or concerns from your team.

Cybersecurity 130

Cybersecurity CRM Disaster Recovery Encryption 130

VISTA InfoSec

MAY 15, 2025

Scenario-based Risk Assessment Best Practices for Financial Institutions to Enhance SWIFT Security Being SWIFT CSP compliant can bring many advantages to your organization along with enhanced security controls. Adopt a Risk-Based Approach Conduct regular risk assessments to identify vulnerabilities and address them proactively.

SWIFT 100

SWIFT Security Best Practices PCI DSS 100

VISTA InfoSec

FEBRUARY 28, 2024

assessments.) Make sure these records outline who does what in terms of managing user accounts. Use password complexity commensurate with change frequency. To comply, have clear password policy based on risk assessment, confirm passwords are changed per policy, and verify password strength settings match policy. Requirement 8.3.6:

PCI DSS 130

PCI DSS Best Practices Authentication Rules 130

Stax

MARCH 4, 2024

Multi-factor authentication (MFA) adds additional layers of security by requiring additional verification during the transaction process. Many people use MFA when making purchases through Apple Pay, for example, using Face ID or a passcode to complete a purchase. What is SSL/TLS? Q: What is the most secure online payment method?

PCI DSS 88

PCI DSS Payment Security Security MFA 88

Stax

NOVEMBER 21, 2024

To find the cheapest credit card processing company for your business, you have to assess your industry, specific business needs, the transaction fees of each provider, and the contract terms on offer.

Credit Cards 88

Credit Cards Small Business Process Credit Card Payment Processing 88

VISTA InfoSec

JULY 31, 2023

After completing all the applicable requirements and steps mentioned in the PCI DSS checklist, businesses may engage a Qualified Security Assessor (QSA) to perform a formal assessment of their compliance with the PCI DSS. If any areas of non-compliance are identified during the assessment, the QSA will report their findings to the business.

PCI DSS 130

PCI DSS Security Encryption Risk Assessment 130

PYMNTS

OCTOBER 16, 2020

Approximately 70 percent of fraud attempts were blocked in total, although experts warn that this assessment may be premature because of the delay between cybercriminals stealing victims’ personal data and using it for profit. Bank customers are largely on board with these new security measures, but only t o a point. About The Playbook.

Zelle 89

Zelle P2P Scams Multifactor Authentication 89

Fintech News

MAY 20, 2024

The webinar will address the underutilization of transactional data by banks and its potential to drive customer engagement, increase customer lifetime value, and enhance business impact. Experts anticipate that by 2028, the majority of banking, investment, and insurance processes will be assisted or driven by AI technologies.

FinTech 135

FinTech Embedded Finance BNPL On-Demand 135

Stax

SEPTEMBER 17, 2024

Organizations must develop and maintain secure systems and applications by implementing a process for identifying and addressing vulnerabilities. This includes applying security patches promptly, conducting regular vulnerability assessments, and maintaining secure coding practices throughout the development lifecycle.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

Basis Theory

OCTOBER 1, 2024

On the other hand, organizations with Levels 2, 3, or 4 use Self-Assessment Questionnaires (SAQs) to audit their compliance program. Scenario 2 : If you're processing less than 6 million transactions and aren't using a service provider, someone in your organization will need to address over 300 questions in your annual SAQ D.

PCI DSS 88

PCI DSS Compliance Encryption Assessments 88

Global Fintech & Digital Assets

DECEMBER 11, 2023

Covered financial institutions now face heightened expectations in relation to cybersecurity governance, risk assessment, and incident reporting. Risk assessments should also be reviewed whenever a new business model is adopted or a new product is introduced.

Cybersecurity 59

Cybersecurity Multifactor Authentication Risk Assessment MFA 59

Seon

SEPTEMBER 28, 2023

This includes protecting themselves with approaches such as multi-factor authentication and malware recognition, or using reverse lookup to assess whether someone is trustworthy. SEON’s widget, shown here, allows you to enter an email address or phone number to reveal a person’s digital footprint. Make the SAT interactive.

Security 52

Security Phishing Best Practices Data Breach 52

Nanonets

SEPTEMBER 25, 2024

For example, if the bank statement lists a $200 withdrawal not recorded in the company’s books, this discrepancy must be identified and addressed promptly.   Limiting access to only authorized personnel, implementing Multi-Factor Authentication (MFA), and employing data masking techniques reduce the risk of data breaches. 

Process 52

Process AI Best Practices Reconciliation 52

VISTA InfoSec

MAY 5, 2025

Conduct a self-assessment Perform gap analysis to assess your current security posture. Implement security controls Deploy required cybersecurity measures like multi-factor authentication (MFA), data encryption, and segregation of duties. Make security assessments a non-negotiable part of your vendor on boarding process.

SWIFT 130

SWIFT Security Compliance MFA 130

VISTA InfoSec

JUNE 4, 2025

Scenario-based Risk Assessment Best Practices for Financial Institutions to Enhance SWIFT Security Being SWIFT CSP compliant can bring many advantages to your organization along with enhanced security controls. Adopt a Risk-Based Approach Conduct regular risk assessments to identify vulnerabilities and address them proactively.

SWIFT 130

SWIFT Security Best Practices PCI DSS 130

EBizCharge

MAY 12, 2025

Popular authentication tools include: Multi-factor authentication (MFA): MFA requires users to confirm their identity using two or more different factors, typically a password and one-time code, sent via SMS or email. During a transaction, AVS verifies the numeric portions of the billing address (street number, ZIP code, etc.)

Process 52

Process Security Payment Gateways Encryption 52