Fi911

MAY 14, 2025

Difference Between Tokenization & Encryption Tokenization replaces sensitive data with a non-sensitive equivalent called a token. Unlike encryption, tokens have no exploitable value if intercepted since they cannot be reversed or “decoded” back into the original data without access to the token management system.

Encryption 89

Encryption PCI DSS Online and Mobile Banking Database 89

Stax

JULY 7, 2025

The payment terminal adds the surcharge amount to the original transaction amount, presenting the total. Security and compliance: Verify that the provider adheres to industry standards, such as Payment Card Industry Data Security Standard (PCI DSS) compliance, to protect sensitive customer data and minimize the risk of data breaches.

Credit Cards 88

Credit Cards Process Processors Debit Card 88

The Payments Association

MARCH 18, 2025

Unlike open bankings regulatory-driven origins, open finance is advancing through a mix of policy frameworks and market-led initiativesdriving divergent adoption curves that are reshaping competitive dynamics globally. This raises profound questions around privacy, consent, data security, and liability.

Finance 88

Finance Payment APIs and Integration Non-Bank Embedded Finance 88

The Fintech Times

JANUARY 31, 2025

Back home, cash was king and so arriving with a large amount only saw her come under increased scrutiny from banks when she tried to open an account and prove her origin of funds. They quickly had to navigate the world of credit scores and card payments just to find somewhere to live.

FinTech 59

FinTech Financial Inclusion Research Government 59

The Payments Association

JANUARY 22, 2025

These passports contain a range of data such as origin, materials and sustainability credentials, which also helps to promote trust and transparency among consumers. On the product side, product passports document an items lifecycle and help to reduce the likelihood of counterfeit goods while enabling frictionless trade.

Security 88

Security Online and Mobile Banking Credential Verification 88

Nanonets

NOVEMBER 18, 2024

ABBYY FlexiCapture ABBYY FlexiCapture ABBYY FlexiCapture is a powerful intelligent document processing platform that automates the capture, classification, and data extraction from a wide variety of document types and formats. AI-based data capture and extraction 3. 💡 Key features: 1. Can Textract extract images?

Volume 52

Volume Automation AI Process 52

Agile Payments

MAY 19, 2021

As of June 30, 2021, a new rule on supplementing data security requirements goes into effect for ACH originators that have an annual volume of 6 million transactions or greater. The rule requires the originators (and third party service providers) to protect bank account information unreadable when it's stored electronically.

ACH Origination 88

ACH Origination Origination ACH Data Security 88

M2P Fintech

JANUARY 21, 2025

Finflux by M2P Finflux by M2P is an API-first platform that offers comprehensive solutions for Loan Origination (LOS) and Loan Management System (LMS), designed to streamline lending operations across over 15 products, including personal loans, auto loans, education loans, and gold loans. Lets dive in!

Origination 52

Origination Payment APIs and Integration Underwriting Automation 52

Fi911

MARCH 26, 2024

Tokenization is a security measure that swaps sensitive data with a random number or “token.” This token holds no traceable connection to the real data, offering optimal data security for merchants and cardholders alike. Meanwhile, sensitive cardholder data is swapped with a unique, single-use token.

PCI DSS 105

PCI DSS Encryption Origination Identity Theft 105

M2P Fintech

DECEMBER 14, 2024

However, one significant challenge continues to persist Choosing a Loan Origination System (LOS) partner who not only augments customer service but also streamlines the entire digital lending supply chain to drive both profitability and accountability. What is Loan Origination System (LOS)? First, a quick recap.

Origination 52

Origination Payment APIs and Integration Assessments Compliance 52

CB Insights

OCTOBER 2, 2018

Facebook, Amazon, Microsoft, Google, and Apple (FAMGA) are doubling down on data security. Owning this data puts FAMGA on the front lines in the fight against the theft and exploitation of our personally identifiable information (PII). Effective data security features are critical to securing this information.

Data Security 58

Data Security Encryption Security Data Breach 58

Stax

NOVEMBER 6, 2023

Loss, corruption, improper use, and unwanted access to a company’s data assets can lead to immense negative publicity, which in turn can cause irreparable reputation damage, fines, sanctions, and loss of profits. Moreover, companies need to follow data privacy and compliance requirements to stay in business. They are known as tokens.

Encryption 88

Encryption PCI DSS Data Security Origination 88

Payments Source

JULY 7, 2020

As a cryptocurrency entrepreneur who helped launch Stellar and Dogecoin, Marshall Hayner has long been interested in finding a way to use blockchain — the digital ledger technology originally developed for Bitcoin — to solve some of the data privacy issues relating to payments.

Blockchain 118

Blockchain Bitcoin Privacy Origination 118

Payments Source

AUGUST 21, 2019

Banks, for the most part, have not advanced their core digital technologies as quickly as payments networks and disruptors ahead of the original PSD2 deadline. And the European Banking Authority has also cited the payments networks for not advancing the 3D Secure 2.0

Security 110

Security Payment Networks Origination Authentication 110

Fintech Finance

AUGUST 28, 2024

Digital payment preferences are surging, according to the 2024 ACI Speedpay Pulse Report, published by ACI Worldwide (NASDAQ: ACIW), an original innovator in global payments technology. More than one-third of consumers believe their data is less secure than it was five years ago, a figure that has increased steadily.

Identity Theft 105

Identity Theft Online and Mobile Banking Consumer Payments Trends 105

Stax

MARCH 18, 2025

Because of this,the concern for payment security is at an all-time high. To keep the system of securing financial information and cardholder information safe, a multi-pronged approach to payment processing data security is imperative. Encryption protects sensitive data by encoding it before sending it out.

PCI DSS 88

PCI DSS Encryption Data Breach Credit Cards 88

Segpay

NOVEMBER 20, 2024

As these technologies continue to evolve, they not only enhance security but also improve user experience. Continuous Security : Some biometric systems are now incorporating continuous authentication. This leads to concerns about what happens if biometric data is stolen or misused.

Security 98

Security Technology Privacy Compromise 98

VISTA InfoSec

JULY 5, 2023

Data security has become an essential aspect of our lives and is more crucial than ever before. In the healthcare industry, organizations are entrusted with a plethora of sensitive information, including PHI, PII, and financial data. What is data security in healthcare? million between May 2020 and March 2021.

PCI DSS 130

PCI DSS Compliance Data Breach Breach 130

Nanonets

JUNE 19, 2023

Just edit the data or copy and paste. Editing is impossible and copy pasting just doesn’t maintain the original formatting & order - try extracting tables from a PDF ! When handling PDF data extraction in bulk, these issues can cause errors, delays or cost overruns that could seriously impact your bottomline!

Online and Mobile Banking 98

Online and Mobile Banking Automation Use Case XML 98

VISTA InfoSec

JANUARY 22, 2024

This includes secure storage, periodic key changes, retirement of old or suspected compromised keys, and prevention of unauthorized key substitutions. In essence, Requirement 3 aims to create a data security fortress around cardholder information. a Confirm CHD storage policies for data retention and disposal.

PCI DSS 100

PCI DSS Encryption Procedures Authentication 100

Fintech News

AUGUST 21, 2024

The Singapore Police Force had observed an increase in suspicious transactions involving these accounts, which were used to layer and obscure the origins of scam proceeds. The operation, conducted from May to August 2024, targeted accounts allegedly involved in facilitating scam-related activities, particularly those opened by foreigners.

Accounts 111

Accounts Scams Financial Crimes Freeze Account 111

Fi911

MAY 7, 2024

For example, proving a mistake was made in the original TMF placement. Best practices for merchants include addressing concerns from processors or acquiring banks promptly, strengthening their data security measures, devising strategies for chargeback prevention, and managing chargeback risk effectively.

PCI DSS 105

PCI DSS Processors Compromise Identity Theft 105

Fintech Review

JULY 16, 2024

This practice allows third-party providers (TPPs) to access banking data with customer consent, enabling the development of new financial services and products. The concept of open banking originated from regulatory initiatives aimed at increasing competition and consumer choice in the financial sector.

Innovation 98

Innovation Consumer API Financial Inclusion 98

PYMNTS

APRIL 18, 2019

EU banks and merchants also face the changes to data security, transparency and privacy that the PSD2 and GDPR regulations have marshaled across the region. As European countries and consumers move forward with data transparency, other lawmakers and regulators are seeking to do the same. PSD 2, GDPR Adoption Challenges.

Regulations 74

Regulations Authentication Data Breach Payer 74

PYMNTS

MARCH 6, 2019

We are proposing to amend our data security rules for financial institutions to better protect consumers and provide more certainty for business[es],” said Andrew Smith, director of the FTC’s Bureau of Consumer Protection, in a press release.

FTC 60

FTC Privacy Consumer Financial Protection Bureau (CFPB) Security 60

PYMNTS

FEBRUARY 26, 2020

Credit unions (CUs) are performing well as the new decade dawns, with a recent study finding that CUs increased their loan originations by 29 percent from Q4 2018 to Q4 2019. This makes data security of utmost importance to CUs, but even attacks on unrelated third parties can be devastating to CU members. percent in 2016.

Credit Union 77

Credit Union Data Breach Security Innovation 77

PYMNTS

FEBRUARY 20, 2020

The new network boosts financial system security as it speeds up API adoption. This is a major step forward in giving consumers control of their data and allowing them to share that data securely with third-party applications they want to use,” said Michael Corbat, CEO of Citigroup and chairman of TCH.

TCH 56

TCH API Data Security Credential 56

PYMNTS

OCTOBER 16, 2020

“A biometric-based authentication solution can provide a secure alternative to using passwords or knowledge-based authentication questions to keep customers’ accounts and their data secure,” Philipp Pointner, chief product officer at Jumio, told PYMNTS. “If

Verification 75

Verification Consumer Authentication Security 75

Clearly Payments

JUNE 3, 2024

Tokenization in payments is a security process that transforms sensitive payment data, such as credit card numbers, into a unique string of characters called a token. This token acts as a stand-in for the original data, rendering it useless to anyone who might intercept it.

PCI DSS 59

PCI DSS Payment Gateways Gateways Payments 59

Fintech Finance

FEBRUARY 7, 2024

Setpoint will assume the crucial roles of Paying Agent and Calculation Agent for various clients, such as auto and real estate originators and lenders. “We We are pleased to continue to support Setpoint’s impressive momentum and their critical position within the technology and fintech ecosystems.

Origination 52

Origination Data Security Facilitators Authorization 52

Stax

MARCH 15, 2024

Compliance with these standards ensures that merchants and payment processors implement robust security measures to safeguard financial data. These standards help prevent card-present fraud by authenticating transactions through dynamic data authentication and cryptographic processes.

Process 88

Process Security PCI DSS Encryption 88

M2P Fintech

JANUARY 22, 2024

While Data Masking is a global practice, the techniques used may vary depending on the region or country and the specific needs of the organization(s). To combine the masked frame image and the identical version of the original image, we use the ‘ UIGraphicsGetCurrentContext() ‘ fun ction.

Correspondent 52

Correspondent Origination Breach Security 52

VISTA InfoSec

NOVEMBER 9, 2023

In the world of digital transactions, businesses handling payment cards must demonstrate their data security measures through the Payment Card Industry Self-Assessment Questionnaire (PCI SAQ). Outsourcing of account data processing to a PCI DSS compliant third-party. Management of customer redirection to a compliant third-party.

PCI DSS 130

PCI DSS Assessments Credit Cards Compliance 130

Nanonets

AUGUST 27, 2024

Customization Options While off-the-shelf LLM APIs can provide excellent performance, the ability to fine-tune or customize the models to your specific industry or use case can further enhance the accuracy and relevance of the extracted data. Sonnet is the most reliable option for maintaining the original document’s structure.

API 95

API Origination Assessments Process 95

PYMNTS

APRIL 8, 2020

These tech-nimble startups could conceivably leverage APIs to facilitate deposit or loan originations, said Aggarwal, as they aren’t able to independently conduct those activities. In discussing direct monetization, he pointed to the fact that FIs can offer APIs to FinTechs, which effectively pay for access as a service.

API 75

API Payment APIs and Integration Use Case Origination 75

M2P Fintech

JULY 11, 2023

Cryptographic algorithms significantly impact the level of security, performance, and compatibility of the encryption and decryption processes. Now, let’s explore AES algorithms, our superhero of data security. It is commonly used to secure sensitive data such as credit card numbers, passwords, and personal data.

Encryption 52

Encryption Security Blocks Correspondent 52

PYMNTS

FEBRUARY 28, 2019

A company such as Zededa generally operates in an area called “edge computing,” which a recent article from PCMag.com defined as “an architecture in which data is processed closer to where it originates.” More specifically, sensors stand as a major security risk as the IoT word continues to grow, the PYMNTS research found.

Security 79

Security Research Cybersecurity Use Case 79