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Why Saudi Arabian Banks Demand Tighter Payment Security?

VISTA InfoSec

This is why we’re seeing stricter enforcement of PCI DSS audits. They want proof — documented, verifiable proof — that your systems meet the standards for protecting cardholder data. One e-commerce start up in Jeddah we consulted for believed that using a third-party payment gateway meant they didn’t need to worry about security.

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Beyond the Firewall: Rethinking Payment Data Security

Finextra

Strategic Benefits Beyond Security The appeal of tokenisation goes beyond protecting against fraud. It simplifies compliance and risk management by centralising sensitive data into a single, tightly controlled location. That eliminates data sprawl, reduces audit complexity, and gives finance teams greater peace of mind.

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FinMont Achieves SOC 2 Compliance Certification, Reinforcing Commitment to Data Security and Customer Trust

Fintech Finance

Achieving SOC 2 compliance affirms that FinMont ‘s global payment orchestration platform upholds the highest standards when it comes to every aspect of handling and processing any customer data. In an increasingly complex digital landscape, where data security is paramount, it’s essential to lead by example.

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Praxis Tech Achieves ISO 27001 Certification for Information Security

Fintech Finance

Praxis Tech , a leading Payment Orchestration Platform, today announces that it has achieved the ISO/IEC 27001:2022 certification, the leading global standard for Information Security Management Systems (ISMS). The post Praxis Tech Achieves ISO 27001 Certification for Information Security appeared first on FF News | Fintech Finance.

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What is a BIN in Payment Processing

Clearly Payments

Compliance with Network Standards : Visa and Mastercard, for example, require strict adherence to Payment Card Industry Data Security Standards (PCI DSS). New processors must be prepared to demonstrate compliance and may need to undergo regular audits to meet these standards.

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Escrow and Trust Accounts in Legal Payment Processing

Clearly Payments

Common mistakes include: Commingling client funds with the firm’s own money Withdrawing fees before they are earned Failing to keep detailed records and reconciliations Clearly Payments helps law firms stay on track by enforcing trust account separation and providing clear audit trails.

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What to Know About Tokenization

Basis Theory

Historically, data security has been treated as featureless and burdensome—but a necessary expense incurred by organizations. Today, we can tokenize anything from credit card primary account numbers (PAN) to one-time debit card transactions or social security numbers.