Fintech News

JUNE 15, 2025

Virtual assets are defined as digital instruments used for exchange or investment, excluding securities, digital fiat currencies, and other financial instruments governed by civil or financial laws.

Regulations 76

Regulations Legal Framework Money Laundering Laws 76

The Payments Association

MARCH 19, 2025

Digital wallets are expanding faster than financial oversight can keep up, forcing governments to scramble for new safeguards without choking innovation. Digital wallet providers must: Implement robust encryption and tokenisation to protect card details and transaction data. Regulatory challenges Regulators are in a race against time.

Digital Payments 88

Digital Payments Finance Online and Mobile Banking Payments 88

VISTA InfoSec

JULY 17, 2024

Encrypting messages and choosing secure ways to talk online are keys to keeping secrets safe in any language. Keep your systems updated with global cybersecurity governance standards. Use encryption and strong passwords to protect messages. Your team should use software tools that can understand and analyze different languages.

Cybersecurity 238

Cybersecurity Compliance Encryption Best Practices 238

Stax

MARCH 18, 2025

Payment gateway – The service that encrypts and securely sends payment details from the customer to the payment processor and back to the merchant. Card networks – The organizations that govern credit and debit card transactions. Payment processor – The company managing the transaction process.

Process 88

Process Payment APIs and Integration Processors Online and Mobile Banking 88

Fintech News

FEBRUARY 2, 2025

While it promises breakthroughs in computation, it also poses threats to current encryption methods, making quantum-safe cryptography essential. By bringing together academia, industry, and government, it highlights the power of collaboration and co-creation in shaping a sustainable and inclusive future of finance.

Innovation 132

Innovation Finance AI Encryption 132

PYMNTS

SEPTEMBER 18, 2018

Government Payment Service , the company that enables online payments for thousands of U.S. state and local governments, has inadvertently made available information on more than 14 million customers from as long as six years ago.

Government Payments 71

Government Payments Government Governance Payments 71

PYMNTS

DECEMBER 27, 2018

Its ongoing efforts to make government more digital promise to guide similar pushes in other parts of the globe and lawmakers and regulators try to move away, as much as possible, from paper-based processes. Invisible Government. “In Estonia’s ongoing efforts to digitize government offer lessons on security. Digital Savings.

Government 63

Government Governance Privacy Database 63

PYMNTS

JULY 15, 2020

The user received a now-infamous crypto letter from the IRS last August, which informed him and others that the IRS had “information” on their crypto accounts and that the government agency believed taxes had not been paid on the crypto, according to CoinDesk.

IRS 61

IRS Encryption Law Enforcement Privacy 61

The Fintech Times

MAY 10, 2025

We have already started integrating post-quantum encryption standards to ensure our systems remain secure as these technologies evolve. “As with any emerging technology, governance remains essential. That is why we established an AI governance framework to ensure that innovation happens responsibly and in line with our values.”

AI 91

AI Blockchain Online and Mobile Banking Privacy 91

PYMNTS

JULY 23, 2019

attorney general, made lengthy comments on Tuesday (July 23) about encrypted messaging and the need for law enforcement to have access to those messages if necessary, according to a report. Encrypted messaging is very common now among tech companies. William Barr, U.S.

Encryption 46

Encryption Law Enforcement Laws Risk 46

PYMNTS

AUGUST 14, 2018

The Australian government on Tuesday (Aug. 14) put forth a new law that would call on technology companies, including Apple, to provide access to encrypted data if they receive a warrant. At the same time that the Australian government is readying this rule, Apple is in clean-up mode, telling U.S.

Encryption 40

Encryption Rules Law Enforcement Laws 40

Core

SEPTEMBER 15, 2023

Modernization allows governments to stay in tune with the evolving expectations of their citizens, who increasingly expect convenient and efficient payment options. Utility payments, reservations, and application fees are key areas where kiosk payments are crucial in modernizing government service payments.

Government 52

Government Governance Transactions Security 52

Stax

MARCH 11, 2025

Encryption and transfer of payment information The payment gateway that underpins your checkout page will now encrypt the customers payment details as stipulated by industry data security regulations like PCI DSS (Payment Card Industry Data Security Standard) before transferring the data to your payment processor.

Online Payment Processing 88

Online Payment Processing Process Payment Gateways Online and Mobile Banking 88

PYMNTS

APRIL 21, 2020

The Royal Bank of Canada (RBC) is one such FI that recently rolled out digital government identity verification capabilities, allowing customers to verify their identities using its RBC mobile app. The mobile app’s development progressed relatively smoothly, requiring only a little work on government identities that were “glary.”. “We

Verification 121

Verification Accounts Online and Mobile Banking CHIPS 121

PYMNTS

OCTOBER 3, 2019

Attorney General wrote an open letter to Facebook asking it to postpone plans to encrypt messages on the company’s three services until the government can assess how it will affect public safety. . 4), and that it was backed by government officials in Australia and the U.K.

Encryption 40

Encryption Law Enforcement Governance Government 40

VISTA InfoSec

SEPTEMBER 25, 2024

This is chiefly due to the fact that quantum computers will be able to hack through current common encryption algorithms like RSA, ECDSA, and ECDH. As it stands, theres already a potential fix in the form of cloud-based quantum-proof encryption, which is expected to be a larger focus in the coming years.

Cybersecurity 130

Cybersecurity Encryption Scams Cryptocurrency 130

VISTA InfoSec

DECEMBER 19, 2024

Governance and Oversight Establish a cybersecurity governance framework for SWIFT-related environments. Secure Messaging Practices Encrypt all financial messages transmitted over the SWIFT network. Know and Limit Access Prevent compromise of credentials Manage identities and segregate privileges 3.Detect

SWIFT 173

SWIFT Cybersecurity PCI DSS Compliance 173

Fintech Finance

JULY 16, 2024

Westpac is launching Dynamic Virtual Cards for institutional, corporate and government customers, enabling fast and secure ‘tap and go’ payments, giving them greater control. Westpac’s Dynamic Virtual Card can be used online as well as in-store via digital wallet tap and go transactions.

Credit Cards 94

Credit Cards Encryption Online and Mobile Banking End User 94

Segpay

OCTOBER 22, 2024

Privacy and Security Concerns of ID-Based Age Verification Traditional ID-based age verification methods often require users to provide sensitive personal information, such as government-issued IDs, biometric data, or credit card details.

Verification 105

Verification Blockchain Privacy Encryption 105

Core

FEBRUARY 6, 2024

As pillars of the public, government organizations contribute to the stability and functionality of society, ensuring citizens receive necessary support, protection, and opportunities for growth. Digital payments are now an integral piece of the government financial landscape. Here are some key insights.

Best Practices 52

Best Practices Government Governance Fraud Prevention 52

Stax

NOVEMBER 13, 2024

The ACH network is governed by the National Automated Clearing House Association (Nacha ), an American organization that administers risk management and rule enforcement for all ACH transfers and works with the Federal Reserve. Government agencies use ACH credit to distribute tax refunds, rebates, and other reimbursements.

ACH 88

ACH ACH Network Payer Payee 88

VISTA InfoSec

APRIL 12, 2024

Moreover, proxies can encrypt your data, adding an extra layer of security that shields sensitive information from hackers and eavesdroppers. Proxies also provide a pathway to unrestricted internet access, whether for bypassing government censorship, accessing geo-blocked content, or circumventing corporate firewalls.

Cybersecurity 130

Cybersecurity Best Practices Encryption Blocks 130

VISTA InfoSec

JANUARY 22, 2024

This is achieved through a multi-pronged approach: Data Encryption: Requirement 3 mandates the use of strong cryptographic controls such as encryption for stored cardholder data. Key Management: Requirement 3 also covers the secure management of cryptographic keys used for encryption of cardholder data. PCI DSS v4.0

PCI DSS 100

PCI DSS Encryption Procedures Authentication 100

Fintech Review

NOVEMBER 20, 2024

From advanced encryption technologies to rigorous data protection protocols, we ensure your transactions are fast, secure, and safe. Our platform is built using the industry’s strictest global governance, privacy, and security standards.

Cross-Border Payments 115

Cross-Border Payments Cross-Border Multi-Currency FinTech 115

VISTA InfoSec

JULY 31, 2023

Protect Stored Cardholder Data: PCI DSS Requirement 3 reduces risks of storing sensitive data by using encryption, truncation, masking and hashing to protect cardholder data from hackers; thereby ensuring compliance with regulations. Hackers target data in transit, making it important to implement safeguards and encryption measures.

PCI DSS 130

PCI DSS Security Encryption Risk Assessment 130

Fintech Review

NOVEMBER 27, 2024

Fintech companies must prioritise data protection through encryption, authentication, and compliance with local regulations to build trust with SME users. Government support and favourable regulatory environments will play a crucial role. SMEs need assurance that their information will remain secure and confidential.

FinTech 105

FinTech Cross-Border Cross-Border Payments Online and Mobile Banking 105

Core

MARCH 19, 2024

City and county government institutions bear the responsibility of careful management—and protection—of public funds. Still, payment fraud is a concern in every sector, and the stakes for government organizations are especially high. The solution: robust government fraud detection mechanisms for payment systems.

Fraud Detection 52

Fraud Detection Government Governance Compliance 52

VISTA InfoSec

OCTOBER 21, 2024

Encrypting messages and choosing secure ways to talk online are keys to keeping secrets safe in any language. Keep your systems updated with global cybersecurity governance standards. Use encryption and strong passwords to protect messages. Your team should use software tools that can understand and analyze different languages.

Cybersecurity 147

Cybersecurity Compliance Encryption Best Practices 147

Fintech Review

MARCH 18, 2025

This emerging technology holds particular relevance for fintech, which relies heavily on encryption to secure transactions and data. Researchers warn that powerful quantum computers could one day crack traditional encryption methods in a feasible time. Over time, cybersecurity threats pushed fintech security to evolve further.

Security 66

Security Encryption FinTech Breach 66

Stax

MARCH 13, 2025

While interchange fees are non-negotiable, knowing the factors that govern them and how they are calculated, can help you employ suitable strategies to offset these costs. Card networks must maintain them properly and pay for fraud prevention tech (data encryption, tokenization, real-time tracking, etc.).

Debit Card 88

Debit Card Credit Cards Processors Processing Costs 88

PYMNTS

JUNE 18, 2019

India is asking messaging service WhatsApp to put a digital fingerprint on every message sent by the service, but without breaking the encryption, according to a report by the Economic Times. We have reached the limit of anonymity on the internet and that has to go,” another government official said.

Encryption 69

Encryption Government Governance Privacy 69

PYMNTS

APRIL 9, 2020

Procure-to-pay tool BuySpeed , which is used by government entities, was vulnerable to a zero-day, cross-site scripting flaw that has reportedly been resolved, SC Media reported. of the product. The vulnerability was found by researchers that made a presentation of their findings at the USENIX Security Symposium.

Cybersecurity 107

Cybersecurity Encryption CHIPS Consulting 107

Stax

MARCH 15, 2024

Secure payment systems comply with strict security standards and regulations set forth by governing bodies and industry organizations. EMV Standards: EMV (Europay, Mastercard, and Visa) standards govern the technology used in chip-enabled payment credit and debit cards and terminals.

Process 88

Process Security PCI DSS Encryption 88

PYMNTS

AUGUST 28, 2019

Telegram, unlike Facebook, has never really been concerned with how its viewed by governments, as its creator, Pavel Durov, was forced to flee Russia after he had issues with the government there. Because of this, many governments, including Iran and Russia, want to shut the app down.

Cryptocurrency 75

Cryptocurrency Money Laundering Encryption Government 75

The Fintech Times

MARCH 14, 2024

This rapid growth can be attributed to several important factors, such as the successful advancement of digital transformation , widespread mobile adoption, favourable regulatory policies and forward-thinking government investments in talent and innovation.

Online and Mobile Banking 115

Online and Mobile Banking Financial Inclusion Encryption Financial Literacy 115

Stax

NOVEMBER 14, 2024

These are not banks, but rather governing bodies that set interchange rates, and arbitrate between acquiring and issuing banks. All you need to do is enter the payment info into your virtual terminal and it will then be encrypted, authorized, and submitted for online payment.

Credit Cards 88

Credit Cards Process Online and Mobile Banking Payment APIs and Integration 88

VISTA InfoSec

DECEMBER 19, 2024

Governance and Oversight Establish a cybersecurity governance framework for SWIFT-related environments. Secure Messaging Practices Encrypt all financial messages transmitted over the SWIFT network. Know and Limit Access Prevent compromise of credentials Manage identities and segregate privileges 3.Detect

SWIFT 130

SWIFT Cybersecurity PCI DSS Compliance 130