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Encryption vs. Tokenization for Banking and Payment Professionals

Fi911

Data protection is a top priority in banking and payment systems, where sensitive information such as cardholder details and personal data are frequently exchanged. Two key technologies, Encryption and Tokenization, are at the forefront of safeguarding sensitive information. What Is Encryption? databases).

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What to Know About Tokenization

Basis Theory

As a merchant, to understand tokenization for your own benefit, it’s critical to understand: What tokenization is, why it’s important for payments, and how it compares to encryption. Tokens can take any shape, are safe to expose, and are easy to integrate into payment or other workflows with sensitive data.

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Payment Gateway vs Payment Processor: What You Need to Know

Stax

Industry data shows that 70% of consumers say the availability of their preferred payment method is very or extremely influential when choosing an online store. A payment processor and payment gateway are both crucial components in transactions, as they enable the various ways that shoppers want to pay.

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Tencent and Visa Roll Out Palm Payment Trial in Singapore

Fintech News

Chinese tech giant Tencent and Visa announced a new partnership to bring palm recognition payments to international markets at the Singapore Fintech Festival. The new payment method requires users to complete a one-time enrollment by tapping their Visa card, scanning their palm, and confirming their identity.

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How PCI DSS Compliance Protects Australian Businesses from Data Breaches?

VISTA InfoSec

These figures reflect Australia’s heavy reliance on digital payments and card-based transactions for everyday purchases and online commerce. However, with this widespread adoption comes an equally significant risk which is the growing threat of data breaches and payment fraud. Did you know that there are approximately 12.52

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What Canadian Merchants Need to Know About International Payment Processing

Clearly Payments

As Canadian businesses look to expand internationally, one crucial component of successful growth is handling cross-border payments smoothly and efficiently. Selling products and services internationally means facing new challenges, especially regarding payment processing, regulatory requirements, currency exchanges, and fraud prevention.

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What 500 Businesses Told Us About Their Payment Preferences

Clearly Payments

With so many payment options available from credit cards to mobile wallets it can be hard to know which methods are the best fit for you and your customers. At Clearly Payments, we wanted to learn more about how businesses really feel about accepting payments. We asked questions such as: Which payment methods do you accept?