Fintech Weekly

JUNE 8, 2025

This centralization allows you to implement consistent authentication policies and other cybersecurity standards across all plugins. The average app uses between 26 and 50 APIs , all of which may have different levels of encryption, authentication, regulatory compliance and data formats. Encryption is the first step.

API 78

API Payment APIs and Integration Security FinTech 78

VISTA InfoSec

JUNE 18, 2024

Implement a solid backup strategy to renew your operations after disruptive incidents like ransomware encryptions, hardware failures, or accidental deletions. Encrypt Sensitive Data Scrambling sensitive data into indecipherable code shields it from prying eyes, even if intercepted. Also, apply need-to-know restrictions.

Data Security 266

Data Security Security Encryption Cybersecurity 266

VISTA InfoSec

APRIL 12, 2024

Businesses deploy proxy servers to monitor and regulate their employees’ internet usage, ensuring data security and blocking access to harmful sites. This intermediary position prevents direct attacks against your network by blocking malicious traffic and unauthorized access attempts.

Cybersecurity 130

Cybersecurity Best Practices Encryption Blocks 130

Clearly Payments

OCTOBER 22, 2024

The purpose of a PIN is to authenticate the identity of the cardholder during a transaction. PIN Encryption : Once the customer enters the PIN, it is encrypted immediately to protect the information. Encryption ensures the PIN cannot be intercepted or stolen during transmission. What is a PIN?

Debit Card 105

Debit Card Credit Cards Point-of-Sale (POS) Encryption 105

Fintech News

APRIL 22, 2024

The mobile security solution uses a combination of signature-based detection and behavior-based detection to detect and block malware and other risks. If the app’s signature matches to a known malware signature, it will automatically block the app from deploying. Finally, SecIron understands the importance of data privacy.

Phishing 121

Phishing Security Blocks Cybersecurity 121

Segpay

FEBRUARY 21, 2024

Biometric Authentication: Integrating generative AI in digital payments extends to biometric authentication methods, such as facial recognition and fingerprint scanning. Biometric authentication not only enhances security but also simplifies the user experience.

AI 105

AI Innovation Fraud Detection Encryption 105

M2P Fintech

JULY 11, 2023

AES and ECDH To address security challenges, advanced encryption and decryption mechanisms must be integrated into the Android applications. In this blog, our Code Specialist and Lead Software Development Engineer Janarthanan , will guide you through the intricate world of encryption and decryption logic using AES.

Encryption 52

Encryption Security Blocks Correspondent 52

PYMNTS

APRIL 21, 2020

Bank advisers can identify customers remotely by sending an encrypted email, Tilton explained. The RBC app relies on artificial intelligence (AI) to verify clients’ government-issued identification documents against encrypted data found in driver’s licenses. Using AI For Onboarding.

Verification 121

Verification Accounts Online and Mobile Banking CHIPS 121

Stax

JULY 16, 2024

As more consumers gravitate online, they risk putting more sensitive authentication data and financial information on the internet. Firewalls monitor traffic to a system and can be configured to block a certain section of the traffic. Encryption is a method that renders information useless to criminals when being transmitted.

PCI DSS 88

PCI DSS Compliance Credit Cards Encryption 88

VISTA InfoSec

FEBRUARY 16, 2024

This includes aspects like secure authentication and logging. Validate all user input to block tampering attempts. - Insecure Cryptographic Storage: - Protect encryption keys and sensitive data they can access. - Use strong encryption, prevent flawed implementations. Use strong encryption, prevent flawed implementations.

PCI DSS 100

PCI DSS Procedures Best Practices Verification 100

Exact Payments

JULY 1, 2024

Our software partners transmit merchant data to our APIs using Transport Layer Security (TLS) encryption. TLS encrypts data during transit and offers enhanced security features to combat man-in-the-middle (MiTM) attacks. This approach enhances security and complies with the best data encryption and key management practices.

Data Security 52

Data Security Security Encryption Payment APIs and Integration 52

PYMNTS

AUGUST 13, 2018

As a result of the alert, the FBI offered up advice for banks, including: implementing “separation of duties or dual authentication procedures for account balance, or withdrawal increases above” a certain amount; putting in place application white-listing to block malware from being executed; monitoring, auditing and limiting “administrator and business (..)

FBI 58

FBI ATM Scams Third Party Vendors 58

PYMNTS

AUGUST 16, 2019

The KNOB attack , short for “Key Negotiation Of Bluetooth,” interferes with users’ Bluetooth connections, confusing them into setting up a short encryption key that is easy to hack. These skimmers can also connect to magnetic readers and keypads to swipe authenticating information like PINs and zip codes.

Security 48

Security Encryption Breach CHIPS 48

Payment Savvy

DECEMBER 2, 2022

Two-factor authentication as an additional layer of security. Designed for Android mobiles, the NFC payment app Google Pay also ensures you make transactions in a safe environment with end-to-end encryption across devices. First, in order to protect users against fraudsters, NFC payments use end-to-end encryption.

Mobile Payments 98

Mobile Payments Contactless Payments Online and Mobile Banking CHIPS 98

Global Fintech & Digital Assets

DECEMBER 11, 2023

Technical Controls The Amendments introduce a number of heightened technical controls, including: Multifactor Authentication: With only very limited exceptions, multifactor authentication (MFA) is now required for “any individual” accessing “any information system” of a covered entity.

Cybersecurity 59

Cybersecurity Multifactor Authentication Risk Assessment MFA 59

FICO

FEBRUARY 16, 2023

By using this contactless payment method, consumers can take advantage of tokenization and encryption of card details, making it much harder for criminals to capture sensitive card information. Her roles have included developing a consumer authentication solution for Experian and managing credit and identity theft management applications.

Compromise 98

Compromise Debit Card Scams Smishing 98

Stax

JANUARY 15, 2024

Implement geo-blocking measures, i.e., blocking or limiting payment transactions from regions or countries where surcharging is prohibited by local regulations. End-to-end encryption. Implementing end-to-end encryption helps protect sensitive customer data throughout its lifecycle—i.e., Collaboration with ASVs.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

Exact Payments

JANUARY 4, 2024

Cardholder data, such as the primary account number, cardholder name, and expiration date, is different from sensitive authentication data like CVV, track data, PIN/PIN Block, and EMV chip data. Encryption and tokenization, the process of replacing sensitive data with a non-sensitive token, should be employed to ensure data security.

PCI DSS 52

PCI DSS Compliance Audit Encryption 52

PYMNTS

JUNE 5, 2018

Her goal was to piece together the core snippets to create a conceptual understanding, divorced from the nuances of how ledger technology or encryption actually work. This spreadsheet is constantly reconciled (by miners) and updated instantly with new transactions (blocks). The point is to find areas that can be improved.

Blockchain 61

Blockchain Cross-Border Cross-Border Payments Use Case 61

PYMNTS

APRIL 21, 2017

PYMNTS’ Karen Webster recently hosted a digital discussion with Hannah Preston, solution strategist at CA Technologies , to unpack the multinational software corporation’s work to eliminate the need for passwords altogether by creating a range of secure authentication alternatives in an ever-growing online world. Notable Risks.

Authentication 45

Authentication Online and Mobile Banking Security Risk 45

Evolve Payment

SEPTEMBER 29, 2023

Biometric Payment Authentication Will Gain Traction Enhancing payment security will remain a top priority in 2024. Biometric authentication methods, such as fingerprint recognition and facial recognition, are gaining popularity as they provide a higher security level than traditional PINs or passwords.

Industry Trends 52

Industry Trends Contactless Payments ISO 20022 Cross-Border 52

Segpay

MARCH 10, 2025

Here’s how it works: Encryption & Secure Transmission: The payment gateway encrypts the player’s payment details and securely transmits them to the payment processor. Tokenization & Encryption All sensitive payment data is encrypted and tokenized, reducing the risk of data breaches.

Payment Gateways 40

Payment Gateways Gateways Payment Solutions Payment APIs and Integration 40

Exact Payments

FEBRUARY 26, 2024

Tokenization securely maintains the link between a token and sensitive card data in a database known as a token vault, which is safeguarded with encryption. Unlike encryption, which can be reversed with the correct key, tokenization does not allow for reverse engineering to obtain the original data from the token.

Fraud Prevention 40

Fraud Prevention Credit Cards Data Breach Payments 40

Payment Savvy

JULY 3, 2024

Security Measures in Debit Card Payment Processing Here’s a breakdown of security measures employed in debit card payment processing: Encryption Encryption involves converting sensitive information (debit card numbers and personal details) into a coded format that is unreadable without a unique decryption key.

Debit Card 52

Debit Card Process PCI DSS Processors 52

Seon

JUNE 15, 2023

This means that a significant proportion of the surveyed businesses decided that traditional approaches to email security, such as firewalls, were not enough and should be enhanced with authentication processes such as multi-factor authentication (MFA) and encryption technologies.

Email Compromise 52

Email Compromise Compromise Business Email Compromise Risk 52

CB Insights

JULY 25, 2019

The goal is to help a parent or grandparent independently make purchases for essentials like food, medications, and entertainment, while blocking transactions that are more likely to be linked to fraud, such as wire transfers, over-the-phone purchases, and international charges. . Source: True Link Financial. Source: FidSafe.

FinTech 73

FinTech Online and Mobile Banking Elder Abuse On-Demand 73

Nanonets

AUGUST 27, 2024

Security and Compliance When dealing with sensitive or confidential information, it's essential to ensure that the LLM API you choose adheres to strict security standards and regulatory requirements, such as data encryption, user authentication, and access control. Pro Error: Recitation x x x Claude 3.5

API 95

API Origination Assessments Process 95

Nanonets

SEPTEMBER 25, 2024

You can also set up an import block based on specific triggers, such as the arrival of a new file in your cloud storage. Encryption ensures data security both when stored and when transmitted.  Collect and import all your bank statements from various sources, such as Dropbox, Google Drive, Email, Zapier, and OneDrive.

Process 52

Process AI Best Practices Reconciliation 52

Fintech Labs Insights

MAY 9, 2017

ISARA’s focus is on building that next generation of encryption and authentication technology to protect our customers from the quantum threat. We need to preserve this same ubiquitous use of public key cryptography in a post-quantum world so that our information and our customer’s information is properly protected.

Online and Mobile Banking 18

Online and Mobile Banking Ubiquitous Cybersecurity Encryption 18

Nanonets

FEBRUARY 28, 2024

These codes serve as the fundamental building blocks of a business’s financial structure, enabling the categorization of transactions into distinct accounts for revenues, expenses, assets, liabilities, and equity. Security and Reliability Data Security : Encryption and secure data storage.

Automation 52

Automation Payment APIs and Integration Accounts Transactions 52

CB Insights

AUGUST 25, 2017

Other potential applications include using blockchain to provide massive scale data authentication: for example, using its blockchain-enabled KSI (Keyless Signature Infrastructure), cybersecurity startup Guardtime tags and verifies data transactions for cryptographic assurance of their integrity and authenticity.

Blockchain 78

Blockchain Law Enforcement Bitcoin Transactions 78

The Payments Association

FEBRUARY 17, 2025

As AiTM fraud rises, businesses must adopt multi-layered security, biometric authentication, and user education to stay ahead of evolving threats. When the victim enters their credentials, the attacker captures these details and may steal session cookies to bypass multifactor authentication (MFA).

Phishing 88

Phishing Multifactor Authentication Authentication Credential 88

Segpay

DECEMBER 19, 2024

IDaaS provides ID authentication, authorization, and identity lifecycle management services to users across multiple applications, platforms, and devices in the Cloud. These providers offer features like single sign-on (SSO), multi-factor authentication (MFA), and identity governance, all delivered through a secure cloud environment.

Verification 104

Verification Authentication MFA Compliance 104

EBizCharge

MAY 12, 2025

This comprehensive guide will walk you through everything you need to know about secure payment processing systems, from how they work and why encryption and tokenization matter to practical steps for avoiding chargebacks and choosing the best gateway. Gramm-Leach-Bliley Act (GLBA): GLBA requires U.S.

Process 52

Process Security Payment Gateways Encryption 52