article thumbnail

What to Know About Tokenization

Basis Theory

How tokenization applies to being PCI compliant and meeting the 12 PCI DSS requirements. Minimize or Eliminate Compliance Requirements While necessary, compliance, particularly, the 12 PCI DSS requirements , are a significant burden for organizations to bear.

article thumbnail

Merchant Underwriting: What It Is, How It Works, and Why It’s Important

Stax

This involves analyzing transaction patterns and cross-referencing merchant data against global sanctions lists or politically exposed persons (PEPs) databases. Ensuring adherence to legal and regulatory standards, such as PCI DSS (Payment Card Industry Data Security Standard) requirements.

article thumbnail

Encryption vs. Tokenization for Banking and Payment Professionals

Fi911

databases). Database Protection : Securing databases that house customer information and transaction records. Compliance Considerations Encryption must be managed carefully to comply with PCI DSS, GDPR, and similar frameworks. Database Security : Protecting customer information stored in financial systems.

article thumbnail

PCI DSS For Small Business

VISTA InfoSec

This is where the Payment Card Industry Data Security Standard (PCI DSS) comes into play, serving as a crucial framework for safeguarding sensitive information and protecting both businesses and consumers from the ever-present threat of cybercrime. Conduct PCI DSS training for all employees. of PCI DSS.

PCI DSS 243
article thumbnail

PCI DSS Requirement 2 – Changes from v3.2.1 to v4.0 Explained

VISTA InfoSec

In our last discussion, we explored the evolution of Requirement 1 in the transition from PCI DSS v3.2.1 As we continue our exploration of the updated PCI DSS v4.0, With the impending retirement of PCI DSS v3.2.1 Modification to Requirement 2 from PCI DSS v3.2.1 to PCI DSS v4.0:

PCI DSS 289
article thumbnail

PCI DSS Compliance in Healthcare

VISTA InfoSec

In this blog post, we’ll delve into the significance of PCI DSS compliance in healthcare and explore how it helps protect patient data and privacy. Medical Data: Medical information is stored securely in digital files, databases, fingerprint records, and DNA samples. What is PCI DSS in the Healthcare Industry?

PCI DSS 130
article thumbnail

PCI DSS Checklist: Secure Your Business

VISTA InfoSec

The PCI DSS Checklist is a crucial first step in securing your business. It’s a tool that helps businesses ensure they’re meeting all the requirements of the Payment Card Industry Data Security Standard (PCI DSS). To get started on your journey towards PCI DSS compliance, we recommend visiting the PCI DSS v4.0

PCI DSS 130