My Payment Savvy

JUNE 16, 2025

It collects payment data, secures sensitive information, and connects all parties needed to move money from your customer’s bank to yours. Data is Encrypted & Tokenized Immediately after submission, the payment gateway encrypts the card data and replaces it with a token—a random, one-time-use ID.

Payment Gateways

Stax

MARCH 13, 2025

Behind every seamless payment card transaction is a complex network of banks, credit card companies, and payment systems working together to transfer money from the customer to the merchant. Although they go to issuing banks, the rates are set by card networks. However, this convenience comes at a cost, mainly for businesses.

Debit Card

Fintech Finance

NOVEMBER 28, 2024

The solution utilizes non-fungible tokens (NFTs) as secure credentials within a “digital safe,” providing a decentralized, immutable method for storing and recovering critical information. It offers something that goes beyond encryption alone, empowering users to take control of their digital assets.”

Security

Stax

NOVEMBER 21, 2024

A study by the Federal Reserve Bank of San Francisco showed that credit cards account for 31% of all payments, significantly more than cash at 18%, and debit cards at 29%. The company facilitates the transfer of information and funds between the customer’s bank and your business’ bank.

Credit Cards

The Payments Association

DECEMBER 18, 2024

Payment technology and innovation are accelerating across the fintech industry, with more companies recognising the importance of adapting to changing customer needs, with non-cash transactions projected to hit 2.3 Reserve banks mandating reduced cash use will enhance security and economic participation. trillion transactions by 2027.

Cross-Border

Stax

MARCH 4, 2025

TL;DR Online payments rely on API or hosted gateways with encryption and fraud detection, while in-store transactions require POS hardware with EMV chip technology and NFC capabilities. The issuing bank verifies whether the customer has enough funds in their account to complete the transaction. Need to integrate payments?

Credit Cards

Fi911

FEBRUARY 26, 2025

It applies to any entity that processes, stores, or transmits credit card information making it especially relevant to banks and financial institutions. Non-compliance can lead to hefty fines, security vulnerabilities, and loss of customer trust. The post PCI Compliance for Banking Professionals appeared first on fi911blog.

PCI DSS

Stax

JANUARY 28, 2025

The original sensitive data is still secured and hidden in an external data bank. Payment verification by the issuing bank means the customers bank will check whether the customer has sufficient funds to complete the transaction. Your testing should check for security compliance, technical performance, and mobile responsiveness.

Payment APIs and Integration

Stax

MAY 13, 2025

Payment gateway – A secure system that transmits encrypted transaction data between your website or terminal and your processor. Interchange fees are the base fees charged by card-issuing banks to process a transaction. These vary based on card type, transaction volume, and risk level.

Credit Cards

EBizCharge

APRIL 24, 2025

Features like tokenization, encrypted data transmission, and role-based access controls ensure that sensitive payment information is protected and your business meets industry regulations. Now that you know the benefits of integrating a payment gateway into Salesforce, its time to learn how to set it up.

Payment Gateways

Finextra

JUNE 11, 2025

No longer just a fintech novelty, it is a cornerstone of the new digital economy—driving shifts in consumer behaviour, altering merchant ecosystems, and compelling banks and PSPs to rethink their roles. Tokenization & Biometrics: One-time-use tokens, facial recognition, and hardware-level encryption now set the standard.

Consumer

Stax

MARCH 5, 2025

The payment processor is a financial institution that handles transactions between the two banks. Instead of driving down the complicated road of bank transfers or check payments, you can give your customers a simpler way to complete their purchases through your own website. But what’s the difference between these two?

Credit Card Payment Processing

Stax

APRIL 10, 2025

In contrast, debit card payments are withdrawn directly from the customers bank account and are mainly used by buyers who want to control their spending. Its role is to encrypt and securely transfer your customers payment data to your payment processor.

Small Business

Stax

MARCH 27, 2025

TL;DR: Electronic Funds Transfer (EFT) is the umbrella term for all electronic payments made between bank accounts. EFT is the umbrella term for all electronic transactions that transfer funds digitally between bank accounts using only bank account information. In this article, well help you do just that.

ACH

Fintech Review

MAY 10, 2025

This flexibility enables gig economy payouts, BNPL shopping experiences, loyalty rewards cards, and embedded banking products for digital brands. Marqetas infrastructure removes the need for direct banking relationships or outdated batch-processing workflows, accelerating time-to-market dramatically.

Payment APIs and Integration

EBizCharge

MARCH 20, 2025

and ACH/eChecks for direct bank transfers. Security features to look for include: Tokenization & encryption: Protects payment information from unauthorized access. Tiered pricing: Transactions are categorized into tiers (qualified, mid-qualified, and non-qualified) with varying rates. Digital wallets (Apple Pay, PayPal, etc.)

Payment Gateways

The Fintech Times

JULY 17, 2025

Industry collaborations Cathay United Bank has become the first institution to establish private banking operations in Taiwan’s new Asset Management Hub in Kaohsiung. Working with long-standing tech partner Avaloq, the bank is setting up a new booking centre and operational base to deliver onshore services to high-net-worth clients.

FinTech

M2P Fintech

MARCH 24, 2025

Borrowers can now apply for loans, track progress, and make payments through digital platforms and mobile apps, eliminating the need for physical branches and banking hours. Open banking is revolutionizing finance, driven by API standardization and strong security. AI, ML, and blockchain enhance risk assessment and security.

Payment APIs and Integration

EBizCharge

JUNE 16, 2025

8 common features of enterprise merchant services Merchant accounts are specific types of bank accounts that allow enterprise merchants to accept credit, debit, Automated Clearing House (ACH)/eCheck, and other payments. This account holds funds from sales until they’re deposited into a business’s primary bank account.

Payment APIs and Integration

EBizCharge

JUNE 12, 2025

Whether handling credit card transactions and mobile payments or ensuring compliance with banking regulations and data security standards, the right merchant account can streamline operations and reduce costs. Yet, many merchants struggle with high fees, limited integration, and fragmented tools that fail to meet their specific needs.

Process

Clearly Payments

MAY 22, 2025

Authorization An authorization is a request to the cardholders bank to approve a charge. Acquirer (Acquiring Bank) The bank or processor that works with the merchant. Issuer (Issuing Bank) The issuing bank is the bank that gave the customer their credit or debit card. Verified by Visa).

Online and Mobile Banking

EBizCharge

APRIL 22, 2025

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.

Payment APIs and Integration

Fintech Review

NOVEMBER 28, 2024

The solution utilizes non-fungible tokens (NFTs) as secure credentials within a “digital safe,” providing a decentralized, immutable method for storing and recovering critical information. It offers something that goes beyond encryption alone, empowering users to take control of their digital assets.”

Security

The Fintech Times

JUNE 26, 2025

Appointments Open banking fintech Yaspa has named Chris Lowe as chief financial officer. More appointments TBC Uzbekistan, the digital banking arm of London-listed TBC Bank Group, has formed a new supervisory board for its holding company, TBC Digital.

FinTech

Stax

DECEMBER 9, 2024

Debit or credit card chargebacks are when a disputed charge made to a merchant’s account is refunded to the customer’s bank account. This has been aided by the rise of online banking, which has made the chargeback process as easy as a few clicks. What Are Credit Card Chargebacks?

Credit Cards

The Fintech Times

JUNE 6, 2025

By reimagining one of the most essential physical touchpoints in banking, the ATMs, we’re not just providing smarter cash access; we’re strengthening our brand presence, deepening engagement, and setting the foundation for the next phase of our growth across Europe.” ” Why Spain? .” ” Why Spain?

ATM

EBizCharge

JUNE 3, 2025

If high-volume merchants suddenly go out of business, the financial losses for banks and payment processors can be substantial. User-friendly interface: Designed for ease of use, even for non-technical users, making daily operations straightforward and efficient.

Volume

Nanonets

NOVEMBER 13, 2024

8 Ephesoft Intelligent document capture and data classification Medium to Large Enterprises in sectors like banking, insurance, and healthcare 4.5 Ensures data privacy with robust encryption and compliance standards. Intuitive drag-and-drop interface, making it accessible for non-technical users.

Automation

VISTA InfoSec

MAY 24, 2024

Implement security measures such as firewalls, encryption, and access controls to protect cardholder data. It is done to check whether only allowed data traffic is allowed between the card and the card and non-card data networks. It must also cover the non-card data environment. of PCI DSS. of PCI DSS. of PCI DSS.

PCI DSS

VISTA InfoSec

NOVEMBER 12, 2024

Because it is mandated by payment card brands and banks for all businesses handling payment card data. This puts them in a prime position to become targets for cybercriminals, making payment security compliance non-negotiable. Data protection : Cardholder data should be encrypted both in transit and at rest ( Requirement 3.4 ).

PCI DSS

VISTA InfoSec

NOVEMBER 12, 2024

Because it is mandated by payment card brands and banks for all businesses handling payment card data. This puts them in a prime position to become targets for cybercriminals, making payment security compliance non-negotiable. Data protection : Cardholder data should be encrypted both in transit and at rest ( Requirement 3.4 ).

PCI DSS

Fintech Review

FEBRUARY 18, 2025

Embedded finance is transforming industries by incorporating financial services directly into non-financial platforms. This integration allows businesses to offer banking-like services, enhancing customer experience and simplifying transactions. This shift is redefining traditional banking structures. What is Embedded Finance?

Embedded Finance

Stax

SEPTEMBER 17, 2024

And when that happens, non-compliance can lead to many degrees of harm to any and all business owners. Protect Stored Cardholder Data Organizations must protect stored cardholder data and other credit card information using encryption, masking, hashing, or other methods to make the data unreadable to unauthorized individuals.

Credit Cards

Stax

NOVEMBER 6, 2023

There are various methods of enforcing data security, such as data masking, encryption, authentication, and data tokenization. Tokenization vs encryption Data encryption is another popular data security technique where data is transformed into an illegible format. The resulting token is essentially a proxy and has no real value.

Encryption

PYMNTS

MAY 19, 2020

BlockFi said it was “able to confirm that no funds, passwords, social security numbers, tax identification numbers, passports, licenses, bank account information, nor similar non-public identification information was exposed as a result of this incident.”. dollars and Ukrainian hryvnias.

Data Breach

Basis Theory

OCTOBER 1, 2024

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.

PCI DSS

Fintech News

AUGUST 26, 2024

It’s a tale of a cultural shift, governments and innovators working in tandem, and millions leapfrogging traditional banking to embrace a mobile-first approach to finance. The region’s historical challenges with traditional banking access have paradoxically catalyzed innovation. This isn’t merely a story of technological adoption.

APACS