Remove Data Security Remove Encryption Remove Payments Data
article thumbnail

Beyond the Firewall: Rethinking Payment Data Security

Finextra

While enterprise systems like ERP and CRM often have strong security protocols, these systems don’t operate in a vacuum. Payment data is frequently copied, stored, and used across spreadsheets, shared drives, and supplier portals — far beyond the safety of core systems. That’s where the real risk lies.

article thumbnail

Encryption vs. Tokenization for Banking and Payment Professionals

Fi911

The rapid rise in cybercrime and data breaches makes robust security frameworks indispensable for financial institutions. Two key technologies, Encryption and Tokenization, are at the forefront of safeguarding sensitive information. What Is Encryption? Faster and often employed for securing large volumes of data (e.g.,

Insiders

Sign Up for our Newsletter

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

article thumbnail

What to Know About Tokenization

Basis Theory

Historically, data security has been treated as featureless and burdensome—but a necessary expense incurred by organizations. Today, we can tokenize anything from credit card primary account numbers (PAN) to one-time debit card transactions or social security numbers. credit card or social security numbers).

article thumbnail

How PCI DSS Compliance Protects Australian Businesses from Data Breaches?

VISTA InfoSec

(Source – credit card debt statistics 2025 and Australian debit card statistics ) As digital transactions continue to grow, so do the challenges of protecting sensitive customer data. This is where PCI DSS (Payment Card Industry Data Security Standard) compliance becomes essential for Australian businesses.

PCI DSS 165
article thumbnail

Payment Gateway vs Payment Processor: What You Need to Know

Stax

TL;DR A payment processor is a provider that handles transactions between a buyer’s bank and a seller’s bank. A payment gateway is a technology that authorizes and processes payments between buyers and sellers by securely transmitting payment data.

article thumbnail

Looking for the Best Payment Gateway? Here’s How to Choose the Right One

Stax

Opt for gateways that support diverse payment options like credit/debit cards, digital wallets, and international payments to accommodate customer preferences. Ensure the gateway offers PCI DSS compliance, encryption, tokenization, and fraud prevention tools to safeguard transactions. Learn More What is a Payment Gateway?

article thumbnail

The Ultimate Guide to Ecommerce Payment Solutions

Stax

A hosted payment gateway is your best bet if you dont want to handle your payment gateways integration and maintenance. Theyre easy to integrate and set up, with the host taking care of data security measures, including PCI compliance and fraud protection. This token is used in place of the actual payment data.