VISTA InfoSec

MAY 12, 2024

If you run a small business, keeping your POS system secure is a must, not just a matter of simple data protection but also one that ties into your business’s credibility in an increasingly cashless era. Let’s look at some best practices you’ll want to implement to keep payment data safe from cybercriminals: 1.

PCI DSS

PYMNTS

MAY 13, 2016

A new personal chip card reader will soon hit the market with the goal of protecting consumers while shopping and banking online and ultimately preventing online fraud — at an introductory price of just $20. It’s time to start extending chip-based security to protect us online and reverse the rapid growth of fraud and identity theft.”.

CHIPS

Fintech News

DECEMBER 5, 2024

CashCuff does just that, claiming the title of the worlds first payment-enabled shirt. Its payment method secret lies in the small NFC (Near-Field Communication) chip embedded discreetly inside the cuff. NFC technology allows the chip to communicate wirelessly with payment terminals when brought into proximity.

CHIPS

PYMNTS

OCTOBER 24, 2016

But Visa — in partnership with Intel — is hoping to create something like that seal by baking secured encryption right down into the chip level of the hardware. We also have device-level authentication happening in the chip also, “ Nelsen told Webster.”When The more often that device is seen without issue, the more trusted it becomes.

Security

PYMNTS

OCTOBER 19, 2018

is expected to define interfaces for the secure exchange of payment data and accommodate the use of dynamic data, such as cryptograms. percent of card present transactions, measured globally, were EMV chip-enabled. The finalized version 1.0 Last year, EMVCo revealed that 58.9

EMV

PYMNTS

DECEMBER 16, 2019

“Her promotion to the role of President and CEO should give the marketplace great confidence in Payments Canada’s ability to deliver this critical program.”. She also previously worked at TD, RBC and McKinsey & Company, where she helped with the development of the Vision for the Canadian Payments Ecosystem.

Payments

Fintech Review

DECEMBER 3, 2024

Point-of-sale (POS) terminals became commonplace, allowing businesses to process payments seamlessly. However, the transition to card-based payments faced initial scepticism, with consumers concerned about fraud and misuse. Despite this, the widespread adoption of chip-and-PIN technology enhanced security.

Payment Solutions

Fintech Finance

APRIL 24, 2024

Businesses understand that payments are a crucial part of the customer experience A Chip Off the Old Block However, despite understanding the importance of providing a good payment experience for customers, making this a reality appears to be a challenge for many businesses.

Research

PYMNTS

APRIL 16, 2018

However, for some, phone-based eWallets leave a lot of questions unanswered in terms of security, particularly as hacks and data breaches continue to leave more and more consumer data exposed. Phones are connected to the internet all the time, which could put the payment data they hold at greater risk.

eWallet

PYMNTS

MARCH 9, 2018

Index, which was backed by former Google CEO Eric Schmidt’s venture capital firm Innovation Endeavors, is well-known for its software for PIN pads that is able to read a chip card in under a second. The integration will allow Stripe to focus on signing on larger companies that also have deep pockets.

Point-of-Sale (POS)

Stax

NOVEMBER 13, 2023

Since the first plastic credit card was issued by American Express in 1959 , payment tech progress has been growing exponentially. Magnetic stripe payments enjoyed a 30-year reign between the ’70s and ’90s. EMV chip card technology had a good two decades or so, beginning in the mid-’90s.

Contactless Payments

Stax

FEBRUARY 28, 2024

TL;DR A payment terminal enables a merchant to take chip card and contactless payments. There are a variety of payment terminal brands on the market, but the place to start is by looking at the payment terminals your payment processing provider supports. What is a Fully Integrated Terminal?

Payments

Stax

NOVEMBER 6, 2023

Payment tokenization is a subset of data tokenization where tokens replace confidential payment data such as customer credit card information. With payment tokenization, the actual credit card data isn’t stored thereby making digital payment transactions more secure.

Encryption

PYMNTS

JANUARY 9, 2019

Gambling isn’t new to payments and commerce players – every new idea is a gamble, in a sense – but creating instant payment schemes for literal gambling carries risks bigger than just losing some chips.

Instant Payments

Stax

APRIL 18, 2024

This technology enables merchants to conduct transactions on the go, typically with both mobile wallet solutions like iOS’ Apple Pay, as well as tap-to-pay, magstripe, and chip cards like American Express, Visa, and Mastercard. This is facilitated through mobile apps or attachments that can accept credit card swipes, taps, or chip inserts.

Credit Cards

PYMNTS

JANUARY 20, 2017

“It’s a slow-moving tide,” he noted, adding that as the industry continues to move forward, there will be a coexistence between magstripe and other payment methods. But even with the introduction of EMV chip–enabled cards, magstripe still brings about its own set of fraud risks. Monetization Of Personal Data.

Credit Union

Stax

APRIL 18, 2024

Modern POS systems often come with built-in card readers capable of accepting various payment methods, including EMV chip cards, magnetic stripe cards, and contactless payments (NFC). EMV-compliant terminals are essential to process chip card transactions securely, reducing the risk of fraudulent activities.

Credit Cards

Stax

MARCH 15, 2024

EMV Standards: EMV (Europay, Mastercard, and Visa) standards govern the technology used in chip-enabled payment credit and debit cards and terminals. These standards help prevent card-present fraud by authenticating transactions through dynamic data authentication and cryptographic processes.

Process

EBizCharge

OCTOBER 17, 2023

Customer payment portal: Businesses can provide a branded online payment portal for repeat customers to instantly view and pay invoices. EMV terminals: EMV terminals allow companies to accept in-person payments on a physical terminal.

CRM

PYMNTS

JANUARY 31, 2020

These fraudsters can then sell the illicitly obtained payment data or use it in eCommerce. . Bad actors may find CNP transactions more tempting as security tightens for physical cards, Clare explained, noting that the prevalence of EMV chips has made counterfeiting more difficult.

ATM

PYMNTS

APRIL 30, 2019

Along the way, even the definition of unattended retail has expanded to embrace all manner of payment points and payment options, spanning plastic and mobile app. Tokenization and EMV chips enhance the ability to safely transmit payment details and personal data, helping to create a virtuous circle for unattended retail.

Contactless Payments

Nanonets

APRIL 22, 2024

For those not interested in managing payments through QuickBooks, don’t fret – QuickBooks offers third-party integrations to sync external payment data from Square, Stripe , and similar payment processors to keep your books aligned and accurate.

Payment APIs and Integration

BNG Payments

FEBRUARY 4, 2022

If your nonprofit hosts in-person events, do you need mobile card readers with EMV chip technology or a receipt printer?  Nonprofits must abide by these rules to help ensure that payment data is secure and cardholder data is kept unavailable from cybercriminals.  Is the processor transparent with its pricing?

Credit Cards

Fintech Labs Insights

MAY 5, 2016

Chip Shield. Payment Data Systems. Payment Ninja. And if your appetite needs further whetting, here’s an updated look at the innovators that will be demoing their technologies live on stage May 10 & 11. Advisor Software. BaseVenture. brandCrowder. Envestnet | Yodlee. Finova Financial. Manifold Technology.

Blockchain

PYMNTS

JANUARY 9, 2020

The shift from magnetic stripe to EMV chip cards marked one of the 21 st century’s most widespread payment developments. Chip cards have been heralded for their improved functionality and security, but they have still failed to address critical authentication problems, leaving retailers to bear the brunt of these vulnerabilities.

EMV

PYMNTS

OCTOBER 26, 2016

In a press release , the company said TapHero is a new, experimental technology that combines elements from both card-present and card-not-present payments and will enable smartphones equipped with an NFC reader to simply read the payment data from the card’s chip and auto-populate all the fields required to make a mobile payment.

Payments

The Payments Association

JUNE 5, 2025

Contactless debit cards remain the top choice for everyday payments, with 27% of respondents selecting them as their preferred method. When combined with chip and pin options, debit cards account for 45% of all preferences, firmly ahead of credit cards (15%) and cash (15%).

Payments Trends

PYMNTS

NOVEMBER 20, 2018

Contactless cards have been incredibly popular in Australia — and represent the vast majority of in-person card payments. They are as secure as a chip-and-PIN card in terms of protecting customer data by being nearly impossible to clone, but they are that much easier to use. The “why” of their popularity is easy to see.

Online and Mobile Banking

Fintech News

DECEMBER 5, 2024

CashCuff does just that, claiming the title of the worlds first payment-enabled shirt. Its payment method secret lies in the small NFC (Near-Field Communication) chip embedded discreetly inside the cuff. NFC technology allows the chip to communicate wirelessly with payment terminals when brought into proximity.

CHIPS

EBizCharge

MAY 12, 2025

Whether youre a small business owner or managing a large online store, protecting customers payment data is essential to maintaining trust and long-term success. Encryption Encryption is integral to secure payment processing systems, ensuring all financial transactions are shielded from unauthorized eyes.

Process