Data Security Service Provider Third-Party Service Provider 
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.
PYMNTS
JANUARY 14, 2020
In financial services, demand for ease of use and security are sky-high, even for business customers. But for many service providers, achieving one can often mean compromising the other. Other regulations adding weight to financial service providers’ compliance burden include Europe’s PSD2 and the U.K.’s
PYMNTS
AUGUST 13, 2020
There is an array of benefits to wielding multiple cloud service providers, he said. It mitigates against the risk of a loss of service or vendor lock-in because if one service goes down, others are likely still running. The bigger challenge is more often the ability to ensure that data can seamlessly flow between clouds.
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). Your choice depends on your credit card transaction and cardholder data management. No connection of these devices to other systems.
Innovative Payments Association
JULY 25, 2024
By allowing third-party financial service providers to access consumer banking data through APIs, open banking has the potential to create a more competitive and innovative financial ecosystem.
PYMNTS
FEBRUARY 27, 2020
Such data sharing and partnerships enable service providers to augment their products for better user experiences, and increasingly, small businesses aren’t keeping quiet about their demands for richer banking services. Open Banking Drives Challenger Bank Adoption.
FICO
NOVEMBER 1, 2016
The NYDFS requires data encryption not just for data in-transit but also for data at-rest. The requirements also mandate that organizations include these enhanced standards in their contracts with third-party service providers. Annual certification.
Expert insights. Personalized for you.
88 
Let's personalize your content