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Wallet wars: How digital payments are reshaping finance

The Payments Association

The question is not if but how severe and far-reaching these new rules will be. Digital wallet providers must: Implement robust encryption and tokenisation to protect card details and transaction data. Adopt multi-factor authentication (MFA) and biometric verification to reduce fraud risks.

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PCI DSS 4.0

Cardfellow

The full name (PCI DSS) stands for Payment Card Industry Data Security Standard and its a set of rules to help keep cardholders information secure. Stronger Password Rules The example above is a real new requirement for the Defined Approach. Required Multi-Factor Authentication (MFA) Version 4.0 What is PCI again?

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Navigating the rise of AI-enabled fraud

The Payments Association

Fraudsters are continuously finding new sophisticated ways of leveraging AI to carry out cyber threats, with traditional fraud prevention methods, which rely on fixed rules and human intervention, being no longer sufficient to detect and mitigate the complex and evolving tactics used by fraudsters. keystroke dynamics or mouse movements).

AI
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The Ultimate Guide to Salesforce Payments

EBizCharge

PCI compliance and security Integrated payment gateways typically come with built-in security features such as full compliance with Payment Card Industry Data Security Standards (PCI DSS) , tokenization, and encrypted data transmission.

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PCI DSS Checklist: Secure Your Business

VISTA InfoSec

Firewalls control traffic and are the first defense against hackers, necessitating correct setup and rules specifying allowed traffic. Create a Formal Procedure : Establish a standardized process for restricting network access by configuring rules and criteria for your firewalls and routers. PCI DSS v4.0 or higher.

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PCI requirements and who needs to follow them

Basis Theory

Whether that is collecting credit card numbers to transmit with a payment gateway, placing details into a shared customer relationship management system, or storing card numbers in an encrypted database—all of this sensitive information must be protected according to the specifics of the PCI-DSS standard.

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New York Bolsters Cybersecurity Requirements

Global Fintech & Digital Assets

Technical Controls The Amendments introduce a number of heightened technical controls, including: Multifactor Authentication: With only very limited exceptions, multifactor authentication (MFA) is now required for “any individual” accessing “any information system” of a covered entity.