Stax

NOVEMBER 6, 2023

Tokenization vs encryption Data encryption is another popular data security technique where data is transformed into an illegible format. In contrast, tokenization does not depend on keys or encryption algorithms, as random data is mapped to and replaces sensitive data.

Encryption

Basis Theory

OCTOBER 1, 2024

Return to Top Risk of Non-Compliance Each PCI requirement acts as a proactive measure to protect cardholder data, and as a legal framework to isolate and financially penalize non-compliance. Legal Action : Breached organizations subject themselves to expensive litigation from impacted customers, cardholders, and banks.

PCI DSS

Fintech Review

MARCH 18, 2025

As banking services went digital, encryption became increasingly important for protecting information. In the late 20th century, banks began adopting cryptographic algorithms to shield data. The Data Encryption Standard (DES) emerged in the 1970s, followed by the RSA algorithm for secure communications.

Security

Exact Payments

FEBRUARY 5, 2024

Enter the Payment Card Industry Data Security Standard (PCI DSS): a comprehensive framework that sets forth stringent rules and regulations to ensure the secure handling, processing, and transmission of cardholder information. As we approach the highly anticipated release of PCI DSS 4.0

ISVS

Segpay

JUNE 13, 2024

If you fail to fortify your defenses, your business will suffer a lot in the face of a successful breach. Financial loss is the least of your problems, as you may never get more clients due to reputational damage and incessant legal drama that will leave you bleeding. Target’s 2017 multistate settlement of $18.5

Best Practices

Segpay

MARCH 10, 2025

However, challenges such as technical compatibility, regulatory compliance, and security risks must be addressed to ensure a smooth, secure, and legally compliant integration. Tokenization & Encryption All sensitive payment data is encrypted and tokenized, reducing the risk of data breaches.

Payment Gateways

VISTA InfoSec

MAY 5, 2025

Implement security controls Deploy required cybersecurity measures like multi-factor authentication (MFA), data encryption, and segregation of duties. Increased Cyberattack Risk : Greater vulnerability to data breaches and ransomware. Loss of Client Confidence : Erosion of client trust in data protection.

SWIFT

The Payments Association

FEBRUARY 17, 2025

Data security: financial institutions should implement robust security measures to protect sensitive data from unauthorised access and breaches. Liability: businesses should establish clear liability frameworks for data breaches and other incidents.

Finance

Segpay

DECEMBER 19, 2024

With growing concerns around data breaches, identity theft, and unauthorized access, organizations need to ensure that only authenticated users can access their systems and sensitive information. For example, GDPR requires that data on European citizens stay within the European Economic Area (EEA).

Verification