article thumbnail

Atome Taps Ant Group’s OceanBase to Power Its Database Modernisation

Fintech News

The move aims to improve performance, scalability, and security as Atome expands its digital financial services. To manage its increasing transaction volume, Atome will integrate OceanBase’s distributed database system.

Database 104
article thumbnail

New Data Security Requirements for ACH Originators

Agile Payments

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. Basically, the sensitive bank account data needs to be tokenized.

Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

Credit Card Processing for Small Business: Everything You Need to Know

Stax

It also ensures that data security best practices, particularly PCI DSS (Payment Card Industry Data Security Standards) requirements , are followed to the letter to prevent any breach or loss of sensitive customer data. This model can save you money in the long run if you have a stable volume of transactions.

article thumbnail

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

Stax

The ideal payment gateway should match your business model, target audience, transaction volume, and nature of products or services. Look for PCI DSS-compliant payment gateways that optimize the security of credit and debit card transactions. However, it might only be suitable for smaller transaction volumes.

article thumbnail

The Ultimate Guide to Ecommerce Payment Solutions

Stax

Key features to look for in an eCommerce payment solution include security and fraud protection, payment method variety, integration capabilities, chargeback protection and dispute resolution, and global payment support. Evaluate your business size, transaction volume, industry considerations, total cost, and customer experience.

article thumbnail

What is a BIN in Payment Processing

Clearly Payments

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
article thumbnail

Encryption vs. Tokenization for Banking and Payment Professionals

Fi911

Faster and often employed for securing large volumes of data (e.g., Data Use : Will sensitive data need to be frequently accessed or analyzed? Transaction Volume : If your system must process high transaction volumes quickly, tokenization could provide a performance advantage. databases).