Remove Audit Remove Data Security Remove PCI DSS
article thumbnail

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.

ISOs 95
article thumbnail

PCI Compliance for Banking Professionals

Fi911

The Payment Card Industry Data Security Standard (PCI-DSS) is a set of global standards developed to safeguard cardholder data. Compliance ensures robust security practices to prevent breaches and protect sensitive payment card data. Staying up-to-date with PCI-DSS compliance should be a top priority.

PCI DSS 59
article thumbnail

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.

article thumbnail

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.

article thumbnail

VISTA InfoSec Achieves CREST Membership a Milestone in Cybersecurity

VISTA InfoSec

CREST membership is an important recognition as it implies that the organization that is accredited meets the strict standards for addressing complex cybersecurity challenges and is adhering to best practices in security testing.

article thumbnail

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.

Legal 86
article thumbnail

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.

Process 104