Stax

MARCH 13, 2025

Card networks must maintain them properly and pay for fraud prevention tech (data encryption, tokenization, real-time tracking, etc.). This includes defaulted payments, operations risks, security breaches, and chargebacks. Swipe fees fund these initiatives and cover the maintenance costs.

Debit Card 88

Debit Card Credit Cards Processors Processing Costs 88

Stax

NOVEMBER 6, 2023

With payment tokenization, the actual credit card data isn’t stored thereby making digital payment transactions more secure. Besides the enhanced data security, other benefits include reduced risk of breaches, easier regulatory compliance, and compatibility with legacy systems. What are the benefits of data tokenization?

Encryption 88

Encryption PCI DSS Data Security Origination 88

Fintech Review

MARCH 18, 2025

As banking services went digital, encryption became increasingly important for protecting information. In the late 20th century, banks began adopting cryptographic algorithms to shield data. The Data Encryption Standard (DES) emerged in the 1970s, followed by the RSA algorithm for secure communications.

Security 66

Security Encryption FinTech Breach 66