Stax

MARCH 14, 2024

EMV (Europay, Mastercard, and Visa) chip card use has continued to expand in use since its tumultuous rollout in 2015. The EMV standard has now become a global standard for cards equipped with computer chips and the technology used to authenticate chip-card transactions. The chip does not affect the price of processing payments.

Chip Cards

PYMNTS

OCTOBER 22, 2018

Mastercard, the digital payments company, made the case in a blog post Monday (Oct. 22) on why it supports EMVCo’s release of the EMV Secure Remote Commerce Specification draft , which is now available for public review and comment. The finalized version 1.0

EMV

PYMNTS

OCTOBER 23, 2018

Visa, the payments company, announced Tuesday (Oct. 23) that it continues to support the draft of the EMV Secure Remote Commerce (SRC) specifications. is expected to define interfaces for the secure exchange of payment data and accommodate the use of dynamic data, such as cryptograms. The finalized version 1.0

EMV

PYMNTS

OCTOBER 16, 2018

By using a unified token, NMI is able to provide a singular view of customer and payments data. “Our unified commerce platform, which is available today, provides 100+ EMV payment device certifications across the U.S.

EMV

PYMNTS

NOVEMBER 10, 2020

“PAAY provides strong authentication at the front door and Bluefin encrypts and tokenizes the data at the point of interaction on the web. Most online merchants rely solely on SSL/TLS to encrypt the data being sent from their websites. This leaves payment data vulnerable while inside the web page before it is transmitted.

Transactions

PYMNTS

AUGUST 9, 2019

It appears the company’s service, which was introduced in 2013 and competed with services like PayPal, will be shuttered in favor of a new EMV SRC-based service. That highway, Lane added, provides instant, friction-free payments access between buyers and suppliers, while guaranteeing the privacy and security of the payment data.

Credit Union

PYMNTS

JUNE 17, 2019

Sometimes there are two approaches to the same problem in FinTech: EMVCo’s recently released EMV Secure Remote Commerce (SRC) Specification version 1.0 promises to enable many more seamless retail transactions, and the World Wide Web Consortium ( W3C ) Payment Request application programming interface (API) aims to reduce checkout friction.

Interoperability

Stax

MARCH 4, 2024

Learn More Payment Security Fundamentals Merchants hold a lot of sensitive data when processing transactions, and if not properly safeguarded, hackers could wreak havoc. Ultimately, PCI DSS compliance helps prevent fraudulent transactions, mitigates data breaches, cultivates customer trust and protects your business.

PCI DSS

PYMNTS

OCTOBER 19, 2016

But the rise of online commerce and the years of online data breaches that have become an almost daily occurrence mean there is a massive amount of compromised payment and account data that fraudsters can use to perpetrate their activities on an even larger scale. How Times — And Priorities — Have Changed.

Fraud Prevention

PYMNTS

DECEMBER 16, 2019

“Her promotion to the role of President and CEO should give the marketplace great confidence in Payments Canada’s ability to deliver this critical program.”. She also previously worked at TD, RBC and McKinsey & Company, where she helped with the development of the Vision for the Canadian Payments Ecosystem.

Payments

Stax

NOVEMBER 13, 2023

Since the first plastic credit card was issued by American Express in 1959 , payment tech progress has been growing exponentially. Magnetic stripe payments enjoyed a 30-year reign between the ’70s and ’90s. EMV chip card technology had a good two decades or so, beginning in the mid-’90s.

Contactless Payments

Stax

MARCH 15, 2024

The primary security standards that payment systems typically adhere to include: Payment Card Industry Data Security Standard (PCI DSS): PCI DSS sets forth requirements for securing payment card data, including encryption, access control, network monitoring, and regular security testing.

Process

EBizCharge

OCTOBER 17, 2023

Here are five EBizCharge features merchants can access directly inside Salesforce: Email pay: Merchants can send personalized invoices to customers from Salesforce using secure email payment links. Customer payment portal: Businesses can provide a branded online payment portal for repeat customers to instantly view and pay invoices.

CRM

PYMNTS

MARCH 19, 2018

That’s especially true in the aftermath of EMV, he said. You have to have an account updater; you have to have the capability to enrich payment data as it comes through the processor and help that customer get the benefit of a lower interchange.”. They’ve come in the wake of EMV. It’s table stakes,” said Vaughn. “You

Payment APIs and Integration

Stax

APRIL 18, 2024

Modern POS systems often come with built-in card readers capable of accepting various payment methods, including EMV chip cards, magnetic stripe cards, and contactless payments (NFC). EMV-compliant terminals are essential to process chip card transactions securely, reducing the risk of fraudulent activities.

Credit Cards

PYMNTS

JANUARY 31, 2020

These fraudsters can then sell the illicitly obtained payment data or use it in eCommerce. . Bad actors may find CNP transactions more tempting as security tightens for physical cards, Clare explained, noting that the prevalence of EMV chips has made counterfeiting more difficult.

ATM

PYMNTS

JUNE 16, 2016

“It was physically secure because it’s still predominately a cash-based business even today, but with the PCI regulations there’s a lot of software security features that just don’t really fit well with the standalone jukebox or unattended payment kiosk model,” he added.

Credit Cards

PYMNTS

JULY 5, 2018

Since the early 2000s, tokens have been available as a means of obscuring sensitive data by replacing it with a surrogate value. Now, said Bouda, network tokens have also been developed to leverage the EMV standards that were introduced by card networks when contactless mobile wallets made their debut in 2014.

EMV

PYMNTS

APRIL 30, 2019

Along the way, even the definition of unattended retail has expanded to embrace all manner of payment points and payment options, spanning plastic and mobile app. Tokenization and EMV chips enhance the ability to safely transmit payment details and personal data, helping to create a virtuous circle for unattended retail.

Contactless Payments

Stax

FEBRUARY 28, 2024

In simplest terms, payment terminals are the machines used to pay for things using credit or debit cards when you make a purchase in-person. When you buy something at a store and insert your chip card into a machine that uses EMV technology, that’s a payment terminal. However, magstripes are no longer PCI compliant.)

Payments

PYMNTS

MARCH 29, 2018

Parker said the startup is working to get the payments industry comfortable with the idea of operating in the cloud. Other industries have all gone there, he said, yet less than 1 percent of all payments data is ever in the cloud.

Online and Mobile Banking

PYMNTS

JANUARY 20, 2017

“It’s a slow-moving tide,” he noted, adding that as the industry continues to move forward, there will be a coexistence between magstripe and other payment methods. But even with the introduction of EMV chip–enabled cards, magstripe still brings about its own set of fraud risks. Monetization Of Personal Data.

Credit Union

Stax

APRIL 30, 2024

Digital invoicing and payment collection links to simplify smartphone payments. Easy switch between POS and mobile payments using the Stax app. Highest level of PCI security compliance that keeps payment data secure. Pricing: Stax starts at $99 for their basic, small business package.

Process

Stax

APRIL 18, 2024

Ensure that your chosen payment processing solution complies with industry standards and regulations, such as the Payment Card Industry Data Security Standard (PCI DSS) and takes EMV chip cards.

Credit Cards

PYMNTS

MAY 13, 2016

The Chip Shield Web Assistant eliminates the need to manually enter data by securely inputting payment data into merchant websites, which the company said not only helps protect customers from computer viruses that track keyboard input but also significantly speeds up the online checkout process.

CHIPS

EBizCharge

MAY 15, 2024

It acts as an intermediary between customers, merchants, and financial institutions, ensuring that sensitive payment information is transmitted securely and efficiently. Payment gateways encrypt sensitive payment data, such as credit card details, ensuring secure transmission.

B2B

Fintech Labs Insights

NOVEMBER 24, 2015

Bleu founder and CEO Sesie Bonsi built his solution around Bluetooth technology because of the way it can move payment data over long distances and ranges. the ability to process payments from any processor in the U.S. and in 32 other countries (“pure payment-processor agnostic, as well”). Sesie Bonsi is CEO.

Processors

BNG Payments

FEBRUARY 4, 2022

If your nonprofit hosts in-person events, do you need mobile card readers with EMV chip technology or a receipt printer?  Nonprofits must abide by these rules to help ensure that payment data is secure and cardholder data is kept unavailable from cybercriminals.  Is the processor transparent with its pricing?

Credit Cards

PYMNTS

JANUARY 25, 2019

And the demand for faster payments is strong in the U.S., Community banks could put more contactless cards into the hands of consumers with the help of the Independent Community Bankers of America (ICBA). At the same time, gig economy workers don’t want to wait for funds or spend additional time moving money from one account to another.

Community Banks

PYMNTS

JANUARY 9, 2020

The shift from magnetic stripe to EMV chip cards marked one of the 21 st century’s most widespread payment developments. EMV Cards’ Checkered Reputation In The US. EMV cards store payment data within integrated circuit chips rather than magnetic stripes. EMV Cards Face Verification Hurdles.

EMV

PYMNTS

MAY 25, 2020

The pressure has accelerated adoption of critical solutions, such as allowing customers to pay via contactless EMV cards and accepting digital wallets such as Apple Pay and Google Pay for in-store and online transactions. Contactless Restaurants: Along with the travel business, restaurants have arguably been the hardest hit by the pandemic.

Consumer

PYMNTS

MARCH 7, 2016

SHOULDN’T WE BE PROTECTING MORE THAN JUST PAYMENTS DATA? The POS breaches that colored our world in payments starting at the tail end of 2013 set in motion a whole host of activities designed to protect payments data at the physical point of sale. All pure goodness, with two big exceptions.

Online and Mobile Banking

EBizCharge

MAY 12, 2025

Whether youre a small business owner or managing a large online store, protecting customers payment data is essential to maintaining trust and long-term success. Encryption Encryption is integral to secure payment processing systems, ensuring all financial transactions are shielded from unauthorized eyes.

Process

EBizCharge

FEBRUARY 19, 2025

When a customer initiates a purchase, the payment gateway sends a payment request to the payment processor, which then communicates with the customers issuing bank to authorize the transaction. This encryption protects sensitive payment information, such as credit card details, from unauthorized access.

Payment Gateways