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Everything You Need to Know About Secure Payment Processing Systems

Stax

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. Examples include the General Data Protection Regulation (GDPR) in the European Union and the Gramm-Leach-Bliley Act (GLBA) in the United States.

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Spinning Raw Data Into Synthetic (Revenue) Gold For FIs

PYMNTS

Delving into the data segmentation, ARM Insight has classified raw data as among the most valuable types of data, but also the most risky. It typically includes credit card data, addresses, names and even Social Security numbers. Those fears, he added, can be solved through the use of synthetic data.

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Your Ultimate Guide to Secure Payment Processing Systems

EBizCharge

It plays a significant role in preventing data breaches and fraudulent transactions by removing legitimate payment data from transactions. Gramm-Leach-Bliley Act (GLBA): GLBA requires U.S. During a transaction, AVS verifies the numeric portions of the billing address (street number, ZIP code, etc.)