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50 Fintech Buzzwords Explained

M2P Fintech

It leverages Aadhaar, a unique identification number, as the sole credential for user authentication and verification. Hybrid Card A hybrid card is a payment card that combines a chip and a magnetic stripe, ensuring compatibility with different transaction systems. without requiring a traditional bank account or debit card.

FinTech 59
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Kohl’s Sizzles, ICOs Fizzle And Juicero’s Cold-Pressed Sales Run Dry

PYMNTS

When it comes to PCI compliance, efforts need to get up to snuff across lines of defense that range from firewalls to user authentication. Roughly half of firms fall short, Verizon found. Finger pointing? Look at retail and hospitality, sectors that lag in compliance efforts and where hackers love to feast.

Scams 46
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Inside Kount’s Fraud-Fighting Machine

PYMNTS

As cybercriminals become increasingly sophisticated, pure reliance on user authentication is no longer enough to keep the barbarians out of the gates. It replaces the static data on a mag stripe with dynamic data on a chip, thereby making card duplication much harder and cutting down on counterfeiting and fraud at the point of sale.

EMV 40
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Your Ultimate Guide to Secure Payment Processing Systems

EBizCharge

Europay, Mastercard, and Visa (EMV) Standards: EMV Standards mandate the use of chip-enabled cards to prevent counterfeit fraud through unique transaction codes. Authentication mechanisms Authentication mechanisms are essential components of a secure payment processing system, ensuring each transaction is authorized by a legitimate user.

Process 52