VISTA InfoSec

JANUARY 22, 2024

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. Key Management: Requirement 3 also covers the secure management of cryptographic keys used for encryption of cardholder data. PCI DSS v3.2.1

PCI DSS 100

PCI DSS Encryption Procedures Authentication 100

Segpay

OCTOBER 22, 2024

How Blockchain-Based Age Verification Works After an initial identity check by a trusted authority, the user’s age is securely encrypted and stored on the blockchain. Adult Entertainment: Blockchain can securely verify users’ ages in the adult industry by storing encrypted, immutable age data on a decentralized ledger.

Verification 105

Verification Blockchain Privacy Encryption 105

FICO

FEBRUARY 16, 2023

For 2022, we saw a significant increase in compromised cards resulting from skimming activity. Total compromise cards were up 368% from 2021, with more than 161,000 impacted cards identified — nearly a 5x increase over 2021. Now that we have data from the entire year to review, we are seeing the alarming trend continue.

Compromise 98

Compromise Debit Card Scams Smishing 98

Seon

JUNE 15, 2023

Business email compromise (BEC) attacks can be a major risk to businesses’ finances and reputations. Let’s look at what business email compromise attacks are and explore some of the many ways you can combat them. What Is a Business Email Compromise Attack? Reported losses in 2020 exceeded $4.2

Email Compromise 52

Email Compromise Compromise Business Email Compromise Risk 52

Stax

MARCH 4, 2024

It’s also critical to ensure card information is protected from data breaches with secure encryption and cybersecurity standards in place. NFC payments, including digital wallets, are very secure, relying on encryption to mask the card number, further protecting cardholder information.

PCI DSS 88

PCI DSS Payment Security Security MFA 88

The Payments Association

MARCH 25, 2025

At SENDS, we recognised early that outdated practices compromise security and efficiency, so we embraced AI-driven solutions to transform fraud detection and compliance. Our AI-driven fraud prevention includes encryption monitoring and threat detection, making transactions fast and secure.

Regulatory Compliance 136

Regulatory Compliance AML PCI DSS Compliance 136

PYMNTS

OCTOBER 26, 2016

From Wi-Fi hotspots to printers, unsecured routers to digital video recorders — connected devices can be vulnerable to hacks and, when compromised, are being used by hackers to launch significant distributed denial-of-service (DDoS) attacks. Going Beyond PCI. to provide additional layers of security. .

Payment Security 81

Payment Security Security Identity Theft Compromise 81

VISTA InfoSec

FEBRUARY 16, 2024

The verification process involves checking development procedures, training records, and interviewing personnel to ensure relevant training in line with job functions and languages. Check memory boundaries when handling data. Insecure Cryptographic Storage: - Protect encryption keys and sensitive data they can access. -

PCI DSS 100

PCI DSS Procedures Best Practices Verification 100

VISTA InfoSec

NOVEMBER 7, 2023

Ransomware : Malicious software that encrypts a user’s data, demanding payment in exchange for the decryption key. System verification : The system checks the entered credentials. For codes, it checks if the entered code matches the generated one. If correct, it triggers the MFA process. 5 - (2 votes)

Authentication 130

Authentication MFA Cybersecurity Credential 130

VISTA InfoSec

JUNE 21, 2023

Data breaches are affecting millions of people across the globe, with over 340 million records already compromised in 2023 headline cases and new incidents surfacing every week. You need to know if any data has been compromised and, if so, where it may have been shared. 5 - (2 votes)

Data Breach 130

Data Breach Breach Law Enforcement Cybersecurity 130

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. Forward secrecy protects past communications against future compromises of secret keys or passwords.

Data Security 52

Data Security Security Encryption Payment APIs and Integration 52

Fintech Review

DECEMBER 3, 2024

From cash and checks to digital wallets, these changes have revolutionised commerce and consumer behaviour. Traditional Payment Methods: Cash and Checks For centuries, cash reigned supreme as the primary payment method. Traditional Payment Methods: Cash and Checks For centuries, cash reigned supreme as the primary payment method.

Payment Solutions 97

Payment Solutions Payments Contactless Payments Online and Mobile Banking 97

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

PYMNTS

NOVEMBER 15, 2016

Making matters even more complicated, it’s not only cyberthieves that can compromise a business’ data: Environmental disasters could disrupt computer systems, for instance. SMEs need to develop a plan of action if and when an event occurs, as well as a plan to recover any compromised data. Back To Basics.

Security 76

Security Cybersecurity Small Business Third Party Vendors 76

Segpay

NOVEMBER 20, 2024

This multi-modal approach ensures that even if one fingerprint is compromised, the system is still secure. These systems provide an added layer of security, ensuring that even if one method is compromised, the others stay intact. A biometric trait, unlike a password, cannot be easily changed if compromised.

Security 98

Security Technology Privacy Compromise 98

Basis Theory

OCTOBER 1, 2024

Whether that is collecting credit card numbers to transmit with a payment gateway, placing details into a shared customer relationship management system, or storing card numbers in an encrypted database—all of this sensitive information must be protected according to the specifics of the PCI-DSS standard.

PCI DSS 88

PCI DSS Compliance Encryption Assessments 88

PYMNTS

OCTOBER 7, 2020

Fraudsters perpetrating such schemes often target individuals by phone, posing as bank officials, IRS agents or public health administrators and asking for personal information or money in exchange for COVID-19 test kits, stimulus checks or work-from-home jobs. The Dark Web Likes Bitcoin, Too .

Bitcoin 93

Bitcoin Consumer Cryptocurrency Scams 93

Stax

JULY 9, 2024

TL;DR An Electronic Funds Transfer is an umbrella term for payments that are conducted electronically—essentially, any payment method except for cash and paper checks. An Electronic Funds Transfer is an umbrella term for payments that are conducted electronically—essentially, any payment method except for cash and paper checks.

Electronic Fund Transfer Act (EFTA) 88

Electronic Fund Transfer Act (EFTA) ACH Electronic Funds Transfer (EFT) Funds Transfer 88

PYMNTS

JANUARY 13, 2020

Travelex said the malware was kept in check and customer data was not compromised. . Based on Travelex’s extensive internal assessments and the analyses conducted by its expert partners there, is no evidence to suggest that customer data has been compromised,” the company said.

Ransomware 52

Ransomware Compromise FBI Encryption 52

Wharton Fintech

FEBRUARY 26, 2024

Out of that very physical cash-check world, Mastercard started completely offline. If you have noticed the chip that is on the card to provide encryption of all transactions and payments, when we moved into mobile devices like Apple Pay or Google Pay, we used the chips in your phone to offer similar encryption capabilities.

Visa 130

Visa Technology Payments Encryption 130

PYMNTS

OCTOBER 31, 2016

He noted that, in Europe, there have been platforms tied to “transitive trust,” where identities must be authenticated by at least one financial institution, with meetings in-person and documents checked. Then, “you can assume that all the transactions that are encrypted into that database in an immutable way are bound to that key.”

Online and Mobile Banking 76

Online and Mobile Banking Verification Database Authentication 76

PYMNTS

SEPTEMBER 30, 2016

Security experts believe that may be what happened to Yahoo — the tech giant confirmed that over 500 million user accounts were compromised by hackers, marking what is said to be the largest data breach in U.S.

Security 76

Security Breach Data Breach Cybersecurity 76

PYMNTS

NOVEMBER 7, 2016

For example, Bise said it’s also crucial to vet merchants themselves, by authenticating factors such as business licenses, ensuring the company has a valid phone line and checking identity — all of which can be done in as quickly as 280 milliseconds. The one-way encryption of GIACT’s platform is built for in and not out.

Authentication 73

Authentication Interoperability Encryption Faster Payments 73

Segpay

NOVEMBER 26, 2024

In the digital space, in-person checks of physical documentation is not an option. Organizations must ensure that they have robust data protection measures in place, including encryption and secure storage solutions, to protect users’ data. This process involves comparing official documents (e.g.,

Verification 111

Verification Identity Theft Due Diligence Money Laundering 111

Stax

AUGUST 20, 2024

With that, it’s no longer possible for merchants to check ID or signature to ensure that the person making a purchase is who they say they are. While security is paramount, it’s important not to compromise the user experience. What Role Do Encryption and Tokenization Play in 3D secure?

Authentication 88

Authentication Security Card Issuer Payment APIs and Integration 88

PYMNTS

JUNE 12, 2019

In an interview with Doug Cranston, vice president of product management at Bottomline, the executive noted that in the age of speed, fraudsters are able to more easily exploit firms’ vulnerabilities, compromise their accounts payable process and get away with ill-gotten gains, often to vanish without a trace. Fraudsters are getting smarter.

Accounts 62

Accounts Email Compromise Same Day ACH Compromise 62

CB Insights

MARCH 27, 2019

Facebook, for example, disclosed that an unprecedented data breach in September 2018 exposed the social media accounts of up to 90M users — including login credentials — effectively compromising access to any site that lets users log in with their Facebook account. But the company is not alone. The Controversies. Source: Facebook.

Cybersecurity 76

Cybersecurity Encryption Data Breach Breach 76

Nanonets

OCTOBER 9, 2024

With an automated bank statement verification process, you can save hours of manual checking, avoid costly mistakes, and boost your confidence in your financial records. Initial review: Basic checks and analysis of statements ensure the document is complete, legible, and covers the necessary period.

Verification 52

Verification AI Reconciliation Payment APIs and Integration 52

Clearly Payments

JANUARY 8, 2024

To fortify customer verification processes, especially for high-risk transactions, merchants can conduct manual reviews, verification calls, and additional documentation checks. Merchants must establish and maintain secure network configurations to prevent unauthorized access to payment card data, minimizing the risk of data compromise.

Risk Management 97

Risk Management Risk PCI DSS Process 97

Payment Savvy

JULY 3, 2024

When a customer uses their debit card to make a purchase, the funds are directly withdrawn from their checking account, as opposed to credit card transactions where the funds are borrowed from the issuing bank. This step involves checking that the card details are valid and ensuring that the transaction request reaches the correct bank.

Debit Card 52

Debit Card Process PCI DSS Processors 52

Core

SEPTEMBER 15, 2023

Kiosk payments mitigate these risks by managing payments electronically with built-in encryption, secure data storage, and authentication measures. Citizens now have the flexibility to pay parking tickets using cash, check, or card without any additional fees. On average, each transaction takes less than one minute to complete.

Governance 52

Governance Government Transactions Security 52

PYMNTS

DECEMBER 6, 2019

Account updaters batch-check card details prior to each renewal, confirming details with issuing banks, card networks, processors, merchants and customers. Recent data indicates that it is between five to 25 times more expensive to gain a new customer than to keep an existing one. .

Enrollments 52

Enrollments B2C Compromise Blocks 52

Payment Savvy

AUGUST 6, 2024

These identifiers are fundamental, from the bank account number on checks to the digits on your credit card. These account numbers are embedded with encrypted data to prevent unauthorized access. These identifiers are essential for direct deposits, check processing, and wire transfers.

Accounts 52

Accounts Debit Card Wire Transfer Credit Cards 52

Nanonets

SEPTEMBER 28, 2023

It is a system of transferring money from one bank account to another without the use of paper checks, or cash. When you make an EFT payment, the funds are transferred directly from your bank account to the recipient's bank account - there's no need to worry about carrying cash or checks. Check with your bank for specifics.

Electronic Funds Transfer (EFT) 52

Electronic Funds Transfer (EFT) Funds Transfer Wire Transfer Wire 52

Nanonets

SEPTEMBER 28, 2023

It is a system of transferring money from one bank account to another without the use of paper checks, or cash. When you make an EFT payment, the funds are transferred directly from your bank account to the recipient's bank account - there's no need to worry about carrying cash or checks. Check with your bank for specifics.

Electronic Funds Transfer (EFT) 52

Electronic Funds Transfer (EFT) Funds Transfer Wire Transfer Wire 52

CoinRemitter

AUGUST 29, 2024

Coinremitter offers a solution with no KYC required, so you can sign up and start accepting crypto payments without needing to go through KYC checks. It includes features like 2FA and encryption. Along with that, merchants can control API withdrawals from their wallets if their API key or wallet password is compromised.

Payment APIs and Integration 45

Payment APIs and Integration Multi-Currency Cryptocurrency Gateways 45

Nanonets

MAY 30, 2023

Electronic payments are the systems by which consumers pay for goods and services electronically, in ways that do not involve paper either as currency or checks.  ePayment The cost of processing checks is about $3.  Check  Check processing is also slow - it can take 2-3 weeks to clear a simple check.

Payment APIs and Integration 52

Payment APIs and Integration Credit Cards Online and Mobile Banking Payment Reconciliation 52