Remove Data Encryption Remove Encryption Remove Government
article thumbnail

What to Know About Tokenization

Basis Theory

As a merchant, to understand tokenization for your own benefit, it’s critical to understand: What tokenization is, why it’s important for payments, and how it compares to encryption. How developers can use a tokenization platform to secure protected data without the costs and liabilities of building their own system.

article thumbnail

How PCI DSS Compliance Protects Australian Businesses from Data Breaches?

VISTA InfoSec

Protecting cardholder data: Encrypting sensitive data during transmission. Implementing strong access control measures: Limiting access to cardholder data based on job responsibilities. Encryption of payment card data One of the key requirements of PCI DSS is the encryption of cardholder data both in transit and at rest.

PCI DSS 165
article thumbnail

How are Interchange Fees Calculated?

Stax

While interchange fees are non-negotiable, knowing the factors that govern them and how they are calculated, can help you employ suitable strategies to offset these costs. Card networks must maintain them properly and pay for fraud prevention tech (data encryption, tokenization, real-time tracking, etc.).

article thumbnail

Generative AI Unleashed: Transforming Industries with Cutting-Edge Innovation

Segpay

Secure Data Encryption: Generative AI contributes to the development of secure data encryption methods. By leveraging advanced encryption algorithms, organizations can protect sensitive information, ensuring that the data remains unreadable and unusable even if unauthorized access occurs.

AI 105
article thumbnail

Government Kiosk Payments for Secure, Convenient Transactions

Core

Modernization allows governments to stay in tune with the evolving expectations of their citizens, who increasingly expect convenient and efficient payment options. Utility payments, reservations, and application fees are key areas where kiosk payments are crucial in modernizing government service payments.

article thumbnail

New York Proposes Major Changes to Cybersecurity Regulation

FICO

Some policy leaders, like those in New York, are not deferring to the federal government to take the lead. Data encryption. The NYDFS requires data encryption not just for data in-transit but also for data at-rest. The pressure to get policies and systems in place to confront these threats is real.

article thumbnail

PCI DSS Requirement 3 – Changes from v3.2.1 to v4.0 Explained

VISTA InfoSec

It boils down to minimizing the risk of data breaches and maximizing the security of cardholder information. This is achieved through a multi-pronged approach: Data Encryption: Requirement 3 mandates the use of strong cryptographic controls such as encryption for stored cardholder data. PCI DSS v4.0

PCI DSS 100