Payments Source

JULY 29, 2020

One way banks can prepare for a smooth cutover to new standards is by implementing a core banking / payment solution that uses ISO 20022, says Infosys Finacle's Peter Ryan.

ISOs 122

ISOs ISO 20022 International Payments Posting 122

Fintech Finance

JANUARY 16, 2025

Powered by Near Field Communication (NFC), tap-to-pay transactions enable secure, short-range wireless data exchange, ensuring fast and reliable payments for PhotonPay users. The post PhotonPay Launches Google Pay Support for Mastercard Users in Hong Kong appeared first on FF News | Fintech Finance.

Visa 98

Visa Embedded Finance Contactless Payments Privacy 98

Fintech Finance

JANUARY 6, 2025

PayMint has also ensured its commitment to global standards for customer data security and payment procedures by obtaining the latest PCI-DSS certification. In 2022, the company successfully secured a seven-figure seed funding round from the AUR Fintech Fund, part of AUR Capital, to support its expansion in the SME FinTech sector.

Central Bank 98

Central Bank PCI DSS FinTech Online and Mobile Banking 98

The Fintech Times

NOVEMBER 5, 2024

” The app will use Mastercard’s virtual card and tokenisation technology – replacing a cardholder’s sensitive data with a unique card number. This ensures that sensitive account details are not exposed, offering enhanced data security, accessible via one interface.

Visa 69

Visa Online and Mobile Banking End User Instant Payments 69

The Fintech Times

MARCH 10, 2025

Through the partnership, ProgressSoft will leverage the FINX Comply and FINX Connect platforms from Fintech Galaxy, equipping banks and financial entities with tools to fast-track regulatory compliance, enhance digital payments, and monetise financial data securely.

Compliance 69

Compliance Regulatory Compliance Payment APIs and Integration FinTech 69

Fintech Finance

MARCH 11, 2025

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.

Payment Security 96

Payment Security Security Data Breach Authentication 96

The Fintech Times

FEBRUARY 28, 2025

“Another big challenge is related to data security and privacy. AI works through vast reams of data to perform its functions well, and the security of the data and responsible use are essential. “AI brings significant legal challenges to the fintech sector.

AI 97

AI Regulations Best Practices Risk 97

Fintech Finance

MARCH 10, 2025

The partnership will enable ProgressSoft to leverage Fintech Galaxy’s FINX Comply and FINX Connect platforms, equipping banks and financial entities with tools to fast-track regulatory compliance, enhance digital payments, and monetize financial data securely.

Regulatory Compliance 69

Regulatory Compliance FinTech Payment APIs and Integration Compliance 69

Clearly Payments

NOVEMBER 13, 2024

Payment processors typically must apply for membership and meet the network’s standards, including security, compliance, and transaction volume criteria. Compliance with Network Standards : Visa and Mastercard, for example, require strict adherence to Payment Card Industry Data Security Standards (PCI DSS).

Process 104

Process Processors Payments Compliance 104

Fi911

FEBRUARY 26, 2025

The Payment Card Industry Data Security Standard (PCI-DSS) is a set of global standards developed to safeguard cardholder data. Compliance ensures robust security practices to prevent breaches and protect sensitive payment card data. The post PCI Compliance for Banking Professionals appeared first on fi911blog.

PCI DSS 54

PCI DSS Compliance MFA Assessments 54

VISTA InfoSec

FEBRUARY 25, 2024

Vet Third Parties Review details like security practices, past breaches, employee screening, and compliance levels before partnering with outside vendors who may get access to internal systems/data. Conduct audits periodically post-partnership.

Data Breach 272

Data Breach Breach Multifactor Authentication Cybersecurity 272

EBizCharge

MAY 27, 2025

Chargeback rates: Chargeback data is captured when customers dispute a transaction with their banks. Transaction analytics tracks the frequency and reasons for chargebacks, helping businesses identify recurring issues, reduce fraud, and improve the post-purchase experience. Is payment data secure when used for analytics?

PCI DSS 52

PCI DSS Payments Payments Trends Transactions 52

The Fintech Times

FEBRUARY 5, 2024

Organisations’ attack surfaces are defined by the size and scope of their data environments. However, 74 per cent of respondents said their data security risk has now increased faster than the growth in the data they manage. Additionally, 46 per cent had not tested their processes or solutions in over 12 months. .

Ransomware 115

Ransomware Data Security Data Breach Breach 115

The Fintech Times

NOVEMBER 11, 2024

The move aims to improve digital banking experiences by offering increased security, reliability and transparency, enabling customers to better manage their finances while maintaining privacy and data security. We’re thrilled to partner with American Express to help them meet customer demand for permissioned data sharing.”

Security 59

Security Credential API Privacy 59

Fintech News

NOVEMBER 13, 2024

The payment giant’s proposed system would allow for seamless authentication across devices while keeping personal data secure and on-device. Featured image credit: Edited from Freepik The post Mastercard to Phase Out Passwords by 2030 with Biometrics, Tokenisation appeared first on Fintech Singapore.

Visa 145

Visa Authentication Issuers Encryption 145

Open Banking Excellence

JULY 9, 2024

Importantly, we sought to discover if the Open API technology would be able to provide easy, seamless integration of information to the customers while remaining secure and compliant with current regulations. As well, we sought to determine what regulatory changes might be required to balance data security with free flow of information.

API 147

API Payment APIs and Integration Participant Regulations 147

Fintech News

DECEMBER 10, 2023

In addressing potential privacy and security concerns associated with facial recognition technology, Mastercard has highlighted its framework that ensures biometric data is not stored on devices, emphasising the importance of data security and consumer privacy.

Visa 127

Visa Privacy Adjustments Data Security 127

Fintech Review

NOVEMBER 28, 2024

This goes beyond current methods of managing sensitive information for individuals and organizations, ensuring data recovery without compromising privacy. “We The launch of sAxess represents a seismic shift in how we approach data security and digital asset management,” said Farsh Fallah, COO of Serenity.

Security 52

Security Transactions Privacy Data Security 52

The Fintech Times

DECEMBER 12, 2024

Improving trust ByzGens blockchain solutions are integrated into Evidens new payments platform to improve data security, compliance, and efficiency while limiting bias. The post Open Banking is the Key to Facilitating Better Payments: Eviden, Ordo and ByzGen Launch New Offering appeared first on The Fintech Times.

Facilitators 72

Facilitators Payments Blockchain AI 72

Fintech News

OCTOBER 17, 2024

Project Aperta aims to address this by creating a prototype of a multilateral cross-border interoperability network, which will allow licensed third-party providers, including banks and fintechs, to exchange data securely across jurisdictions. These differing standards hinder cross-border data flow.

Cross-Border 117

Cross-Border Finance Security Interoperability 117

Fi911

MAY 14, 2025

Are you ready to elevate your businesss data protection measures? Remember, in the world of banking and payments, robust data security is not optional; its critical for success. The post Encryption vs. Tokenization for Banking and Payment Professionals appeared first on fi911blog.

Encryption 79

Encryption PCI DSS Online and Mobile Banking Database 79

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 Data Security 105

The Fintech Times

FEBRUARY 17, 2025

While the potential benefits appear endless, these advancements also present challenges, including tougher regulatory requirements, ethical considerations and the need for advanced data security measures. The post The Fintech Times – Edition 59 appeared first on The Fintech Times. Happy reading!

FinTech 59

FinTech Romance Scams Scams AI 59

Fintech Finance

JUNE 5, 2024

As an FCA-authorised e-money institution in the UK, Clear Junction’s operational strengths give its partners the reassurance that their funds are secure and protected by necessary payment industry and data security safeguards.

Cross-Border Payments 98

Cross-Border Payments Cross-Border Multi-Currency IBAN 98

Fintech Finance

SEPTEMBER 17, 2024

Leading identity verification platform ID-Pal also operates at the core of the industry’s ecosystem by serving a diverse range of payments providers with ease, offering robust data security standards, real-time verification and 100% AI-powered technology.

Process 95

Process Verification Money Laundering AML 95

The Fintech Times

AUGUST 10, 2024

The system leverages financial-specific GPT to process diverse data types such as customer service records, images, and forms, while integrating with internal access control systems to protect privacy and data security.

Cybersecurity 119

Cybersecurity Compliance AI Privacy 119

Fintech News

AUGUST 13, 2024

Paymentology stated that Mastercard’s Cloud Edge supports its processing services by enhancing reliability and scalability for card program deployments, simplifying transactions, and ensuring data security and performance.

Visa 109

Visa Issuers Processors Data Security 109

Fintech News

SEPTEMBER 23, 2024

Lendela has also integrated with the digital identity solution ConnectID to enhance borrower data security and accuracy. Featured image credit: Edited from Freepik The post Lendela’s CMO Axel Frändén Steps Up as Deputy CEO appeared first on Fintech Singapore. said Axel Frändén.

APACS 109

APACS Data Security Continuity Security 109

Fintech News

APRIL 10, 2024

Entrust, known for its trusted payment and data security solutions, has finalised its acquisition of identity verification company Onfido. Entrust now provides the broadest identity-centric security capabilities in the market which combine with strong encryption technologies to enable the evolution to Zero Trust.”

Verification 109

Verification Data Breach Encryption Cybersecurity 109

Fintech News

NOVEMBER 19, 2024

This collaboration will enable banks to leverage the power of AI for real-time insights while maintaining data security and control. By combining Temenos’ banking expertise with NVIDIA’s advanced AI platform, including NVIDIA GPUs and NVIDIA AI Enterprise software, banks can utilise unstructured data more effectively.

AI 113

AI Money Laundering Privacy Data Security 113

Fintech Finance

NOVEMBER 5, 2024

Virtual cards can be generated instantly to use for online and now also Tap and Go payments via digital wallets, meaning there is no waiting period for a physical card to arrive in the post. These virtual cards will make business spending safer, faster and more convenient – wherever your employees might be.”

Visa 96

Visa End User Data Security Instant Payments 96

The Fintech Times

NOVEMBER 6, 2024

“This innovative solution represents our commitment to providing a simple, convenient, and secure way for consumers to pay,” said Adeline Kim , country manager for Singapore and Brunei at Visa. “Based on our biometrics study, close to seven in 10 Singapore consumers see this as a secure way to pay. .

Product 101

Product Cross-Border FinTech Cross-Border Payments 101

VISTA InfoSec

MARCH 5, 2024

In the ever-evolving landscape of data security, staying updated with the latest standards and regulations is crucial. The Payment Card Industry Data Security Standard (PCI DSS) is no exception. This blog post will delve into one such critical area – Requirement 9: Restrict Physical Access to Cardholder Data.

PCI DSS 147

PCI DSS Procedures Assessments Checks 147

Stax

JANUARY 21, 2025

In this blog post, well help you understand the factors and features you need to consider to find the right payment gateway to suit your unique business needs. Look for PCI DSS-compliant payment gateways that optimize the security of credit and debit card transactions.

Payment Gateways 88

Payment Gateways Gateways Payment APIs and Integration PCI DSS 88

Finovate

JANUARY 9, 2025

consumers a single place to pay over 120,000 billers using a standard checkout and secure payment experience. doxo leverages Plaid to securely access the consumer’s bank account, a feature that allows users to keep their account data secure. Founded in 2008, doxo allows U.S.

Facilitators 59

Facilitators Identity Theft Consumer Online and Mobile Banking 59

Fintech Finance

SEPTEMBER 18, 2024

It is also notoriously difficult to achieve the ISO 27001 certification, as the process requires rigorous assessments and audits of Tribe’s information security management systems and data security safeguards, which were undertaken by world-leading testing and certification provider Bureau Veritas.

ISOs 98

ISOs Security Payment Security Payment APIs and Integration 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