FICO

NOVEMBER 1, 2016

Data encryption. The NYDFS requires data encryption not just for data in-transit but also for data at-rest. Nearly every state has data security breach notification laws that set different standards on when notice may be given to consumers and state authorities, and under what circumstances.

Cybersecurity 81

Cybersecurity Regulations PCI DSS Data Encryption 81

EBizCharge

JANUARY 21, 2025

Secure payment processing: Data encryption ensures that credit card details and payment data are secure, reducing fraud risk. Enter payment details: The business owner or authorized user manually inputs the customers card information.

Credit Cards 52

Credit Cards Encryption ACH Process 52

Segpay

FEBRUARY 21, 2024

These biometric features add an extra layer of security by ensuring that only authorized users can make transactions. Secure Data Encryption: Generative AI contributes to the development of secure data encryption methods. Biometric authentication not only enhances security but also simplifies the user experience.

AI 105

AI Innovation Fraud Detection Encryption 105

PYMNTS

JUNE 27, 2017

Wealthy countries with developed financial and payment infrastructures are most likely to have their data encrypted and held for ransom by cybercriminals, according to a recent report by global cybersecurity company Kaspersky Lab. In 2016-17, cyber attackers have set their sights on mobile users in the U.S.,

Ransomware 72

Ransomware Data Encryption Best Practices Cybersecurity 72

VISTA InfoSec

JANUARY 22, 2024

It boils down to minimizing the risk of data breaches and maximizing the security of cardholder information. This is achieved through a multi-pronged approach: Data Encryption: Requirement 3 mandates the use of strong cryptographic controls such as encryption for stored cardholder data.

PCI DSS 100

PCI DSS Encryption Procedures Authentication 100

Clearly Payments

JUNE 7, 2024

It acts as an intermediary between the business software and the financial institutions involved in the transaction, enabling the authorization and processing of payments. The API authenticates the request, forwards transaction details for authorization by the respective banks, and processes the transfer of funds upon approval.

Payment Gateways 59

Payment Gateways Gateways API Payment APIs and Integration 59

Fintech Finance

JULY 1, 2024

The Eurosystem would use state-of-the-art measures, including pseudonymisation, hashing and data encryption, to ensure it would not be able to directly link digital euro transactions to specific users. To use data for commercial purposes, payment service providers would need users’ explicit consent.

Legal Framework 98

Legal Framework Money Laundering Online and Mobile Banking Central Bank 98

EBizCharge

MARCH 18, 2025

By adhering to these standards, businesses can reduce data breach risks and maintain regulatory compliance. Tokenization and encryption: Tokenization replaces credit card details with unique tokens with no exploitable value, preventing hackers from accessing sensitive data.

Credit Cards 52

Credit Cards Process Security Data Breach 52

Stax

FEBRUARY 26, 2024

Because the transaction takes place through a payment gateway that utilizes data encryption or tokenization to secure sensitive information during transmission, accepting payments using a virtual terminal from Stax (which is PCI compliant) is secure. Learn More What Is a Contactless Virtual Terminal? Q: Is a virtual terminal a gateway?

Credit Cards 88

Credit Cards Payment Gateways Gateways Point-of-Sale (POS) 88

VISTA InfoSec

SEPTEMBER 5, 2024

Insider threats Insider threats pose a unique challenge for SMEs, as they often originate from employees who have authorized access to sensitive information and systems. These threats can be intentional or unintentional, with employees potentially exposing data through negligence or ill will.

Security 130

Security Phishing Ransomware Risk Assessment 130

VISTA InfoSec

OCTOBER 21, 2024

Insider threats Insider threats pose a unique challenge for SMEs, as they often originate from employees who have authorized access to sensitive information and systems. These threats can be intentional or unintentional, with employees potentially exposing data through negligence or ill will.

Security 130

Security Phishing Ransomware Risk Assessment 130

EBizCharge

MARCH 11, 2025

These fees cover the cost of securely transmitting payment data, encrypting sensitive data, and authorizing transactions in real-time. Gateway fees: Gateway fees are the fees merchants pay to use a payment gateway, which acts as a bridge between their website or point-of-sale (POS) system and the payment processor.

Processing Costs 52

Processing Costs Process Credit Cards Payment Gateways 52

Exact Payments

JULY 1, 2024

The layer of defense WAFs provide is crucial in maintaining the integrity and security of the data pipeline. Data Encryption and Management Sensitive pieces of PII are encrypted with unique keys as soon as our APIs index them. The encrypted data is then written to our database.

Data Security 52

Data Security Security Encryption Payment APIs and Integration 52

EBizCharge

APRIL 24, 2025

Youll also want to ensure that role-based permissions are configured correctly so only authorized users can access or manage payment data. This involves switching the system from test to live mode, connecting it to your production merchant account, and confirming all security settings are in place.

Payment Gateways 52

Payment Gateways Gateways Payment APIs and Integration Payments 52

Stax

NOVEMBER 6, 2023

The three main principles of data security are Integrity, Confidentiality, and Availability. Data that is accurate and immune to unwarranted changes is said to have Integrity. Confidentiality means that data should be accessible only to authorized users. Moreover, only authorized personnel can access the original data.

Encryption 88

Encryption PCI DSS Data Security Origination 88

EBizCharge

MARCH 12, 2024

When a customer purchases on a merchant’s website, the payment gateway securely collects and transmits the payment information to the payment processor or acquiring bank for authorization. Customers simply select the desired payment method and authorize the transaction to purchase. Users can link their preferred payment method (i.e.

Credit Cards 52

Credit Cards ACH Payment Gateways PCI DSS 52

Stax

SEPTEMBER 17, 2024

Most payment gateways come with features like fraud detection and data encryption that are specifically geared towards keeping your customers’ payment information secure. If the transaction is authorized, the solution initiates the process of transferring funds into your merchant account. How Does a Payment Gateway Work?

Payment Gateways 88

Payment Gateways Gateways Online and Mobile Banking Payment APIs and Integration 88

Basis Theory

OCTOBER 1, 2024

While capturing this information can happen in transit (see: #4), most of all, data spends 99.9% PCI DSS outlines many requirements on how organizations must protect their data when not in use, but encryption is one of the most popular methods. Scaling encryption is extremely difficult and risky for developers.

PCI DSS 88

PCI DSS Compliance Encryption Assessments 88

EBizCharge

AUGUST 8, 2024

Security: Salesforce adheres to stringent security protocols, such as PCI compliance, multi-factor authentication (MFA), and advanced data encryption, to safeguard payment data. Encryption, fraud detection systems, and regular security audits protect business financial information and customer payment data.

Processors 52

Processors Payment Gateways Fraud Detection Encryption 52

Fintech Review

MAY 3, 2025

These platforms update automatically when rules change and they generate compliant payslips, handle tax calculations, and file reports with authorities. Also, they also provide audit trails, data encryption, and access controls. Modern paycheck solutions help employers stay compliant across regions.

Payroll 59

Payroll Payment APIs and Integration Multi-Currency Compliance 59

Exact Payments

FEBRUARY 5, 2024

Recognizing the criticality of this issue, the PCI Council has taken a firm stance on data encryption in PCI DSS 4.0. Change #4: Script Authorization & Authentication Another requirement, introduced in the latest PCI DSS 4.0, This crucial mandate encompasses not only custom scripts but also third-party dependencies.

ISVS 52

ISVS PCI DSS Encryption Authentication 52

EBizCharge

APRIL 22, 2025

Secure payment data and access management Businesses should implement strong data encryption protocols to protect sensitive information both in transit and at rest. Proactive management of failed payments helps recover revenue quickly, improves customer trust, and prevents revenue leakage from unnoticed or unresolved issues.

Payment APIs and Integration 52

Payment APIs and Integration Payment Gateways Gateways Payments 52

Nanonets

NOVEMBER 20, 2023

An invoice approval workflow is a structured process that organizations follow to review, verify, and authorize supplier invoices before making payments. Route Invoices to Approvers for Review and Authorization Invoices and supporting documents are routed to designated approvers for review and authorization.

Payment Reconciliation 52

Payment Reconciliation Automation Reconciliation Verification 52

Stax

SEPTEMBER 17, 2024

On top of that, financial institutions have various security measures, such as data encryption, and other strict banking protocols to enhance security. ACH streamlines direct deposit for employees with standing authorization and approved employee expense compensation.

Wire Transfer 88

Wire Transfer Wire Wires ACH 88

Payment Savvy

MAY 12, 2023

Payment automation can provide increased security measures, such as data encryption and user authentication, which can help prevent fraud and unauthorized access to financial data. Better data management. Payment automation systems should use encryption to protect financial data when in transit and at rest.

Automation 52

Automation ACH Payments Duplicate 52

Nanonets

SEPTEMBER 21, 2023

Authorization: The payee's system authorizes the payment request and creates an electronic payment confirmation. This confirmation includes data such as the payment amount, payee information, and payment due date. Another essential factor to consider when integrating EDI payment is data security.

Payment Solutions 52

Payment Solutions Payee Payments Payer 52

EBizCharge

JUNE 3, 2024

Payment integrations should use secure Application Programming Interfaces (APIs) with robust authentication and authorization mechanisms, such as OAuth and API keys, to control access and verify the identity of users and systems. Additionally, implementing data encryption for information both in transit and at rest is vital.

Process 52

Process Payment APIs and Integration Payments Disputes 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. Transaction Authorization: The processor communicates with the player’s bank or payment provider to verify and approve the transaction.

Payment Gateways 40

Payment Gateways Gateways Payment Solutions Payment APIs and Integration 40

Nanonets

SEPTEMBER 23, 2023

This not only saves time but also minimizes the risk of data loss. When it comes to security, accounting software offers enhanced measures to protect sensitive financial data. With password-protection, user permissions, and data encryption, businesses can ensure that their financial information remains secure and confidential.

Small Business 52

Small Business Accounts Automation Compliance 52

Nanonets

SEPTEMBER 22, 2023

This, in turn, allows for better control over data access, ensuring that sensitive information remains protected and accessible only to authorized personnel. This data-driven approach empowers organizations to make informed decisions about their vendors, whether it's assessing their productivity, reliability, or overall value.

Automation 52

Automation Compliance Process Risk 52

Basis Theory

FEBRUARY 25, 2025

In doing so, DDM provides access to masked data in real-time to an authorized user and limits the exposure risk static data may create. Because there are so many ways to obfuscate data, its helpful to consider how each of the following techniques brings you closer to your usability and risk goals.

Encryption 100

Encryption Origination CCPA Returns 100

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. This article will explore the benefits and challenges of adopting IDaaS, provide insights into key trends, and highlight examples of IDaaS solutions from Europe and the USA.

Verification 104

Verification Authentication MFA Compliance 104

Fintech News

APRIL 1, 2025

The top digital banks excel in several critical areas: They prioritise security and regulation , ensuring compliance with local financial authorities while implementing robust cybersecurity measures to protect users. Yes, most digital banks in Asia are regulated by their respective central banks and financial authorities.

Online and Mobile Banking 126

Online and Mobile Banking Multi-Currency Authorization Small Business 126