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Understanding POS Security: Protecting Your Business and Customer Data

VISTA InfoSec

Let’s look at some best practices you’ll want to implement to keep payment data safe from cybercriminals: 1. To keep your business secure, only engage with payment processors and vendors that comply with PCI DSS.

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Everything You Need to Know About Credit Card Processing

Stax

This means you’ll be able to accept chip cards as well as contactless payment methods like contactless cards and digital wallets like Google Pay or Apple Pay. EMV Compliance Most businesses are aware by now that EMV is the chip card technology that has been rolling out across the USA over the past few years.

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Networks Attacks Rise as Physical, Web Breaches Decline

Payments Source

EMV chip card protections at the point of sale and a general corporate awareness of card data security are helping lower the number of data compromises worldwide. But fraudsters are moving quickly to bigger targets.

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Cost of U.S. Chip-and-PIN Would Far Outweigh the Benefit: Report

Payments Source

is weak because there is no PIN requirement to verify chip-card transactions, a process that is standard practice in other nations. Retailers insist that the EMV migration in the U.S.

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Verizon: PCI DSS Compliance Down For First Time In Six Years

PYMNTS

25) from Verizon Communications, full compliance with the PCI DSS (short for Payment Card Industry Data Security Standard) dropped last year, the first decline seen in six years. percent of the organizations surveyed were in full compliance, according to data gleaned from 2,400 reports stretching back to 2012.

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The Different Ways a Business Can Accept Credit Cards

Clearly Payments

Contactless payments , such as tap-to-pay, grew by 25% year-over-year in 2023 , making up a significant portion of in-store card transactions. Pros Fast and secure transactions. Accepts contactless and EMV chip cards , which are more secure than magnetic stripes. Cons Requires hardware and software investment.

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Alexa Sizzles, Etsy Fizzles And Data Security Eyes A Legislative Leap Forward

PYMNTS

Chip-enabled transactions: Still seeing a steady march of acceptance in the United States. EMVCo says that 59 percent of card transactions are done through EMV chip cards globally. Upsell rates are gathering steam, up 60 percent year over year, as consumers continue to buy from the same brand, leveraging Echo.