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What is a BIN in Payment Processing

Clearly Payments

Although BINs play a critical role in how payments are processed and authenticated, they often go unnoticed by the average consumer or merchant. For payment processors and financial institutions, however, understanding BINs is essential for smooth transaction processing, security, and even risk management.

Process 104
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The Walls Within: Why Organizations Cling to Data Silos in the Age of AI

Finextra

This article delves into the multifaceted reasons behind this phenomenon, exploring why organizations are choosing to keep their AI contained within the familiar confines of their data silos. The Security Fortress: Protecting Data in a Vulnerable World At the heart of this reluctance lies a deep-seated concern for data security and privacy.

AI 59
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Guarding the Gates: Data Compliance and Privacy

Segpay

The rise of data privacy concerns has led to a surge in global regulations, such as the EU General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA), which are drafted to protect peoples individual data protection rights.

Privacy 105
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PAAY Partners With Bluefin To Further Secure eCommerce Transactions

PYMNTS

“The combined Bluefin/PAAY solution set is as close as we can get to a silver bullet in payment security for eCommerce transactions,” Ruston Miles , co-founder and chief strategy officer at Bluefin, said in a statement on Tuesday (Nov. Most online merchants rely solely on SSL/TLS to encrypt the data being sent from their websites.

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How to Create a GDPR-Compliant Password Policy?

VISTA InfoSec

Multi-Factor Authentication (MFA) Implementing multi-factor authentication (MFA) adds an extra layer of security to the authentication process. These may include: SOC1/SOC2: Service organization control reports that assess controls related to financial reporting and data security.

MFA 130
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Deep Dive: COVID-19?s Global Impact On Open Banking And Online Privacy Regulations

PYMNTS

Whether the contactless payment limits proposed under Strong Customer Authentication (SCA) — requiring merchants to authenticate any payment over 50 euros ($54) — are truly scalable has become an essential question for merchants operating during the pandemic and for those considering money movement in its aftermath. and the EU.

Privacy 52
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What Is Plaid and Is It Safe to Use? Everything You Need to Know

Payment Savvy

With Plaid acting as the intermediary, your sensitive login credentials never get shared directly with Venmo, enhancing the security of your financial information. Plaid bank verification is the process employed by financial apps like Venmo to authenticate bank account ownership and verify funds status. What Is Plaid Bank Verification?