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What is a Level 1 PCI Compliant Processor?

Cardfellow

Stored data must be encrypted and access-controlled to roles that need access for specific business purposes. Theres no reason a processor should be concerned about your request for information on their compliance. For example, the PCI standards include requirements for encryption of card data.

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CFPB Proposes to Regulate Large Digital Wallet and Payment App Providers

Global Fintech & Digital Assets

Under the Proposal, however, they would be subject to heightened scrutiny via routine monitoring, requests for information, and on-site or off-site compliance examinations. Under the Dodd-Frank Act, large non-bank digital consumer payment companies are subject to CFPB enforcement authority.

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Apple Reassures US Senators About Privacy Protection In Virus Tools

PYMNTS

In response to some senators’ requests for information, Apple said in a letter that its new COVID-19 website and app would abstain from using any user data later on. The data, collected in an encrypted manner, will be protected with multiple safeguards in line with restricting its access to only those who need to see it.

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