The Payments Association

DECEMBER 9, 2024

This could involve regular audits of AI systems, rigorous testing procedures, and ongoing monitoring of their performance to identify and address discriminatory patterns. The key to mitigating these risks lies in adopting best practices, including AI explainability, robust encryption, and ongoing model training.

Privacy 88

Privacy Payment Security AI Security 88

EBizCharge

APRIL 7, 2025

Proper data management during migration helps prevent security risks while maintaining streamlined business procedures. Businesses should use reliable reporting tools to monitor these backups and store this information in a trusted system. Think of it as protecting the foundation of your operations while expanding to new heights.

Assessments 52

Assessments Risk Processors Security 52

Fintech Finance

MARCH 3, 2025

It evaluates compliance across five trust principles: Security (protection against unauthorised access), Availability (service reliability and uptime), Processing Integrity (accurate and complete data handling), Confidentiality (encryption of sensitive information), and Privacy (compliant personal data processing).

Fraud Prevention 52

Fraud Prevention Fraud Detection AI Disputes 52

Finextra

JULY 24, 2025

The data is also stored in the Secure Enclave as an encrypted template 19. 183 Report Share Channels /security /identity Biometrics Biometrics are the new weapons of war against online fraud and supporting financial services with biometric authentication and their KYC (Know Your Customer) procedures.

Payment APIs and Integration 52

Payment APIs and Integration Online and Mobile Banking Authentication Account Takeovers 52

Stax

FEBRUARY 19, 2025

Fraud Prevention: Look for proactive measures such as encryption, tokenization, and real-time fraud monitoring. Request documentation on their security policies, fraud prevention measures, and incident response procedures to minimize risks. Scalability As your SaaS company grows, your support provider should be able to keep up.

Payments 88

Payments PCI DSS Compliance Risk 88

Finextra

JUNE 6, 2025

Compliant exchanges implement robust Know Your Customer ( KYC ) procedures and Anti-Money Laundering ( AML ) protocols. Encryption standards for data transmission and storage. The Commodity Futures Trading Commission (CFTC) for commodity-based cryptocurrencies. State-level money transmitter licenses.

Cryptocurrency 72

Cryptocurrency Volume Regulatory Compliance Compliance 72

EBizCharge

MARCH 3, 2025

EBizCharge is a trusted PCI-compliant payment processing software with robust security measures in Acumatica, such as tokenization, encryption, off-site data storage, fraud prevention modules, 3D Secure, and more. How does Acumatica handle credit card chargebacks? How does Acumatica handle credit card chargebacks?

Credit Cards 52

Credit Cards Process Payment Gateways Payment APIs and Integration 52

The Fintech Times

JULY 3, 2025

Aside from being cheap, the approval process is usually fast, taking less than eight weeks to complete the procedure. SSL encryption technology is quite affordable and may cost £1,000 to £10,000. The total cost for a Curaçao gaming license ranges from £10,000 to £50,000. There are more options you can explore.

Cybersecurity 52

Cybersecurity Legal Security Encryption 52

VISTA InfoSec

JANUARY 18, 2024

Requirement and Testing Procedures Section 2.1: Requirement and Testing Procedures 2.2.1 Requirement and Testing Procedures 2.2.2 Requirement and Testing Procedures 2.2.3 Requirement and Testing Procedures 2.1.1 PCI DSS v3.2.1 PCI DSS v4.0 that are essential for the system’s function.

PCI DSS 289

PCI DSS Procedures Encryption Security 289

VISTA InfoSec

JUNE 19, 2024

Attackers can exploit weak security settings, such as the absence of meeting passwords , the use of default or easily guessable credentials, and the lack of end-to-end encryption. Ransomware, a type of malware, is particularly destructive as it encrypts the victim’s data and demands a ransom for its release.

Risk 277

Risk Ransomware Phishing MFA 277

VISTA InfoSec

FEBRUARY 25, 2024

And painful account recovery procedures await all users who must reset passwords across potentially dozens of breached websites. Encrypt Data Flows Implement encryption for data in transit over networks and at rest within databases/servers to ensure meaningless ciphertext even if intercepted.

Data Breach 272

Data Breach Breach Multifactor Authentication Cybersecurity 272

VISTA InfoSec

JANUARY 23, 2024

Malicious individuals often exploit misconfigured wireless networks and vulnerabilities in outdated encryption and authentication protocols to gain access to cardholder data environments (CDE). Protection can be achieved by encrypting the data prior to transmission, the session during transmission, or both.

PCI DSS 130

PCI DSS Encryption Procedures Best Practices 130

VISTA InfoSec

JULY 17, 2024

Encrypting messages and choosing secure ways to talk online are keys to keeping secrets safe in any language. Use encryption and strong passwords to protect messages. Develop and implement policies and procedures Developing and implementing policies ensures everyone knows what to do to keep data safe, no matter the language they speak.

Cybersecurity 238

Cybersecurity Compliance Encryption Best Practices 238

VISTA InfoSec

MAY 24, 2024

Implement security measures such as firewalls, encryption, and access controls to protect cardholder data. Develop and document security policies and procedures tailored to business operations. It is a set of policies and procedures for systematically managing an organization’s sensitive data. of PCI DSS.

PCI DSS 243

PCI DSS Small Business Assessments Compliance 243

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 v3.2.1

PCI DSS 100

PCI DSS Encryption Procedures Authentication 100

Fintech News

NOVEMBER 13, 2024

Mastercard announced plans to revamp online checkout procedures by 2030, aiming to eliminate manual card entry and passwords. With this shift we are protecting sensitive data through advanced encryption and tokenisation technologies. said Jorn Lambert, Chief Product Officer at Mastercard.

Visa 145

Visa Authentication Issuers Encryption 145

VISTA InfoSec

JULY 31, 2023

Create a Formal Procedure : Establish a standardized process for restricting network access by configuring rules and criteria for your firewalls and routers. Maintain Documentation of Your Procedures : Keep a record of your process and create visual representations of cardholder data streams between systems and networks. PCI DSS v4.0

PCI DSS 130

PCI DSS Security Encryption Risk Assessment 130

VISTA InfoSec

OCTOBER 21, 2024

Encrypting messages and choosing secure ways to talk online are keys to keeping secrets safe in any language. Use encryption and strong passwords to protect messages. Develop and implement policies and procedures Developing and implementing policies ensures everyone knows what to do to keep data safe, no matter the language they speak.

Cybersecurity 147

Cybersecurity Compliance Encryption Best Practices 147

VISTA InfoSec

MARCH 6, 2024

Testing Procedures Broad testing, looking at system settings, monitored files, etc. Testing procedures align with updated access language. Testing Procedures Review policies and procedures, observe processes, interview personnel. Similar emphasis on policies and procedures. Maintains the core concept. No changes.

PCI DSS 130

PCI DSS Procedures Best Practices Risk Assessment 130

VISTA InfoSec

NOVEMBER 12, 2024

PCI DSS Requirements for SaaS platforms Network security : SaaS platforms must secure their networks using firewalls, encryption, and other measures to prevent unauthorized access to sensitive data ( Requirement 1.1 ). Data protection : Cardholder data should be encrypted both in transit and at rest ( Requirement 3.4 ). and 10.2 ).

PCI DSS 130

PCI DSS Compliance Encryption Audit 130

VISTA InfoSec

NOVEMBER 12, 2024

PCI DSS Requirements for SaaS platforms Network security : SaaS platforms must secure their networks using firewalls, encryption, and other measures to prevent unauthorized access to sensitive data ( Requirement 1.1 ). Data protection : Cardholder data should be encrypted both in transit and at rest ( Requirement 3.4 ). and 10.2 ).

PCI DSS 130

PCI DSS Compliance Encryption Audit 130

PYMNTS

SEPTEMBER 12, 2019

Facebook’s Libra project is bringing cryptocurrency into the spotlight, and others are reexamining their onboarding procedures. Now the company has enacted security and AML procedures, to the consternation of cryptocurrency advocates. It’s possible that regulators could require verified wallets to be KYC- and AML-compliant.

Procedures 46

Procedures Cryptocurrency Regulations AML 46

VISTA InfoSec

FEBRUARY 16, 2024

The requirement mandates that software development procedures must be documented and examined to ensure that all security considerations are integrated into every stage of the development process. Verification involved examining software-development procedures and interviewing personnel. . The updated requirement of PCI DSS v4.0

PCI DSS 100

PCI DSS Procedures Best Practices Verification 100

Segpay

FEBRUARY 21, 2024

Generative AI and KYC Compliance: Source: legalbusinessworld Data Analysis Generative AI improves automated KYC procedures by analyzing vast datasets efficiently. Secure Data Encryption: Generative AI contributes to the development of secure data encryption methods.

AI 105

AI Innovation Fraud Detection Encryption 105

Stax

MARCH 15, 2024

Making sure there are secure payment technology policies and procedures within your company will guarantee the integrity of present and future transactions. Encryption The fundamental component of secure payment systems is encryption. Compliance with PCI DSS is mandatory for businesses that handle credit card transactions.

Process 88

Process Security PCI DSS Encryption 88

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 88

PCI DSS Encryption Compliance Assessments 88

PYMNTS

JULY 19, 2020

“This includes having technical controls, the right procedures, and ensuring staff have relevant and timely security awareness and training.” The encrypted files can only be decrypted through an RSA private key, teiss reported. ransomware works, albeit without the Ransomware-as-a-Service component, teiss reported.

Ransomware 60

Ransomware Phishing Encryption Data Breach 60

Segpay

DECEMBER 13, 2024

For example, a leaked password can be changed, but a stolen fingerprint cannot, underscoring the need for secure storage and encryption practices in identity management. Organizations must establish procedures for secure and compliant data deletion without compromising system integrity.

Privacy 105

Privacy Compliance CCPA Authentication 105

VISTA InfoSec

AUGUST 22, 2023

Addressing these risks necessitates robust security measures, encryption, access controls, and breach response plans. Implementing Protective Measures: Organizations must implement robust measures, such as encryption and access control, to protect biometric data. Robust consent mechanisms and data control options are crucial.

Privacy 130

Privacy Legal Best Practices Compliance 130

VISTA InfoSec

NOVEMBER 7, 2023

Ransomware : Malicious software that encrypts a user’s data, demanding payment in exchange for the decryption key. Man-in-the-Middle attacks : Attackers secretly intercept and relay communication between two parties, potentially capturing login credentials. System verification : The system checks the entered credentials.

Authentication 130

Authentication MFA Cybersecurity Credential 130

Stax

SEPTEMBER 17, 2024

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. Additionally, sensitive authentication data must never be stored after authorization, even if encrypted.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

PYMNTS

MAY 24, 2019

The devices have no authentication or encryption procedures, allowing outside attackers to access the devices simply by guessing the product code. In April, a security flaw was found in iLnkP2P, a software installed in millions of IoT devices worldwide, including security cameras, baby monitors and smart doorbells.

Data Breach 75

Data Breach Government Governance Best Practices 75

PYMNTS

AUGUST 30, 2019

A blockchain logistics project by IBM and Maersk is being utilized by Thailand to improve its shipment tracking procedures, Cointelegraph reported on Friday (Aug. Thailand’s Customs Department is implementing IBM’s Tradelens blockchain as an improved solution to keeping on top of shipping that happens in Thai ports.

Blockchain 61

Blockchain Origination Encryption Procedures 61

Stax

AUGUST 20, 2024

This process typically involves a two-step verification procedure that requires additional information from the customer, such as a PIN or one-time password. This means implementing two-factor authentication, encryption, and tokenization measures to ensure that all customer data is securely stored and processed.

Authentication 88

Authentication Security Card Issuer Payment APIs and Integration 88

EBizCharge

OCTOBER 25, 2023

Therefore, businesses must secure their networks and systems to prevent unauthorized access by deploying strong encryption, setting up firewalls, ensuring accurate user authentication processes, and more. Continuously create and update procedures Staying up to date on cyber security and ever-evolving threats is just one piece of the puzzle.

Data Breach 52

Data Breach Best Practices Breach Phishing 52

PYMNTS

OCTOBER 14, 2020

The platform is safeguarded by “bank-level encryption,” according to the announcement, which noted that the offering is currently available to U.S. small- and medium-sized businesses (SMBs). "In

Credit Risk 56

Credit Risk Risk Encryption Procedures 56

PYMNTS

AUGUST 13, 2018

What’s more, the FBI said the hackers can change bank account balances and security measures to make unlimited amounts of money accessible at the time, so they can quickly steal large amounts of cash.

FBI 58

FBI ATM Scams Third Party Vendors 58