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PAAY Partners With Bluefin To Further Secure eCommerce Transactions

PYMNTS

Atlanta payments encryption firm Bluefin is partnering with New York mobile payments processor PAAY to advance eCommerce security. The new solution also helps shield merchants from fines related to GDPR and the California Consumer Privacy Act (CCPA) noncompliance. . Each $1 of fraud costs retailers $3.13. .

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Wallet wars: How digital payments are reshaping finance

The Payments Association

This balancing act between enhancing user experience and meeting regulatory obligations is now a defining challenge for fintech firms, banks, and payment service providers. As digital wallets grow in popularity, they are driving the evolution of more secure payment methods.

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AI Merchant Payment Processing: The Battle for a Secure Processor

Segpay

Key regulatory concerns include: Data Privacy Laws: AI companies handle vast amounts of sensitive data, raising questions about compliance with global standards like the EUs GDPR, Californias CCPA, the US Healthcare Privacy Law HIPAA or Brasils LGPD. PSPs risk association with data breaches or non-compliance issues.