Remove Data Security Remove Legal Framework Remove Payments Data
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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.

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PCI requirements and who needs to follow them

Basis Theory

By outlining, defining, and enforcing standards for storing, processing, and transmitting cardholder data, the Payment Card Industry Security Standard (PCI DSS) gave organizations a security framework that brought trust and commerce to the internet. Typically, these fines range from around $5,000 to $100,000.