Remove Data Breach Remove Data Security Remove Privacy
article thumbnail

Beyond the Firewall: Rethinking Payment Data Security

Finextra

Payment details often reside in multiple locations across an organisation — from shared folders to manual payment files — making it hard to track who has access, where data is stored, and how it’s being used. Please read our Privacy Policy. And the stakes are high. We use cookies to help us to deliver our services.

article thumbnail

Payments Security Now Influences Travel Purchase Decisions, Finds New Outpayce Study

Fintech Finance

In fact, 63% of travelers are reluctant to store their payment details with travel companies due to concerns over fraud, data privacy, and unauthorized charges. A third of respondents said they do not trust travel companies to keep their payments data secure at all, fearing details would be lost during a data breach.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Understanding PCI DSS, PSD2, and AML in Payment Processing: A Practical Guide

Finextra

Non-compliance, on the other hand, can lead to data breaches and legal troubles. That’s why digital payment security should always be a top priority in your business. PCI DSS: Safeguarding cardholder data If you handle card payments, PCI DSS compliance is non-negotiable. Please read our Privacy Policy.

article thumbnail

What is Click to Pay and How Does It Work?

Stax

Enhanced securitytokenization and two-factor authentication reduces the risk of data breaches As we mentioned earlier, Click to Pay uses a data security approach called tokenization to protect sensitive financial data from malevolent actors.

article thumbnail

Fintech Review: A Guide

Fintech Review

As fintech platforms handle sensitive data and money, regulators must ensure transparency, fairness, and data security. Data privacy and cross-border standards are increasingly important. Fintechs often operate across jurisdictions, raising questions about where data is stored and how it is shared.

article thumbnail

What is Integrated Payments and Should SaaS Companies Outsource Integrated Payments Support?

Stax

Compliance and data privacy risks Payment processing involves handling sensitive customer information, making compliance with security standards such as PCI DSS (Payment Card Industry Data Security Standard) essential.

article thumbnail

Finovate Global: Talking Fintech Regulation in the European Union with EverC’s Maya Shabi

Finovate

The regulatory landscape for fintechs and financial services companies operating in the European Union is expected to undergo significant changes this year, with new standards, guidelines, and rules governing payments, data privacy, digital assets, and more. It increases the risk of data breaches, identity theft, and payment fraud.