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Encryption vs. Tokenization for Banking and Payment Professionals

Fi911

databases). Database Protection : Securing databases that house customer information and transaction records. Database Security : Protecting customer information stored in financial systems. Mobile Payments : Ensuring secure transactions in apps like Venmo or Google Pay. Tokenization may be the easier path.

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Transitions Edition: Venmo, Equifax and Nordstrom

PYMNTS

Venmo launched a debit card powered by Shift Financial, Equifax tried to shift some blame for its horrific breach and Nordstrom decided to transition to a store design without inventory. First up was the announcement that Venmo is testing a free debit card linked to users’ accounts. Baird & Co.

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Reflections on my conversation with Tess Bloch, Head of Operations & Co-Founder at Spade

Wharton Fintech

Creating Spade’s comprehensive merchant database required forming robust partnerships across the fintech and data ecosystem. Spade leverages its ground truth database to link any card transaction to a real merchant identity — providing granular merchant, category, and geolocation information.

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A Debit-Enabled Fix To In-Store Checkout Abandonment

PYMNTS

Bad actors can attack debit cards in many different ways, from deploying card skimmers in physical point-of-sale (POS) devices to stealing payment credentials as well as hacking online databases to make off with sensitive card information. Payments companies seek to introduce the cards to even younger consumers, however.

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Digital Identity Verification 

Segpay

typing speed, location data), with authoritative databases or records. Banks and digital payment platforms, such as PayPal, Venmo, and Apple Pay, use digital ID verification to authenticate users before processing payments. This process involves comparing official documents (e.g.,

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For Banks, Tech As Threat And Savior

PYMNTS

As Galarza offered: “It’s no longer about whatever databases you have within your company handling records that are going in and out, but its really more about the relationships that those applications allow … There are business processes that are automated” that had once been done manually.

P2P
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Time, Really, for Real-Time Payments?

PYMNTS

moves ever closer to closed networks run by companies like Venmo and Facebook payments as opposed to open architecture such as NACHA and the Fed, “There needs to be a business strategy around your payments – what customer segments do you have within the organization?”. For CGI’s own clients, as the U.S.