PYMNTS

JUNE 24, 2020

And Tuesday (June 23), Mastercard said it struck a deal to buy Finicity , which provides access to financial data in real time, for $825 million. The move is designed to strengthen Mastercard’s push into open banking in the U.S., Although Mastercard is building out its open banking presence in Europe and is establishing its U.S.

Visa 105

Visa API Credential Encryption 105

The Fintech Times

APRIL 10, 2024

PXP Financial , the global acquiring, payment, fraud, and data analysis service provider, has received accreditation from Mastercard to become a Token Service Provider. Accreditation was supported by the Mastercard Digital Enablement Service (MDES), a single integrated platform enabling the digitation of supported Mastercard card types.

Visa 105

Visa PCI DSS Accreditation Identity Theft 105

Clearly Payments

NOVEMBER 13, 2024

Card Network : Indicates the card brand, such as Visa, Mastercard, or American Express, helping processors verify the card’s compatibility with their systems. Apply to Card Networks (Visa, Mastercard, etc.) Testing should also cover security measures, such as encryption and tokenization, to protect cardholder data.

Process 104

Process Processors Payments Compliance 104

Cardfellow

MAY 10, 2025

Mastercard includes a chart on its website listing examples of the service providers that it applies to. Meaning, if Mastercard states Level 1 is for 300,000 transactions per year or more, they mean 300,000 Mastercard transactions, not a combination of Mastercard and Visa.

Processors 52

Processors Third Party Vendors Credit Cards Third-Party Service Provider 52

Fintech Finance

JULY 17, 2024

It is currently working with Mastercard to onboard a selection of existing customers into Click to Pay for a more secure and seamless payment process. By implementing Click to Pay, Mastercard estimates that merchants can increase approval rates by as much as 3% and reduce checkout times by up to 50%.

Visa 98

Visa Interoperability Encryption Processing Costs 98

NFCW

MARCH 18, 2025

All transactions made using Tap to Pay on iPhone are encrypted and processed using the Secure Element, and Apple doesnt know what is being purchased or who is buying it.” “With Tap to Pay on iPhone, customers payment data is protected by the same technology that makes Apple Pay private and secure.

Contactless Payments 66

Contactless Payments Debit Card Encryption Global Payments 66

Fintech Finance

MAY 26, 2025

This innovative app offers multiple features including: Streamlined interface: Simply open the app, type the amount you wish to charge, and the checkout will be immediately ready to process the transaction.

Process 52

Process Payments Value Added Service Contactless Payments 52

Stax

MARCH 18, 2025

Payment gateway – The service that encrypts and securely sends payment details from the customer to the payment processor and back to the merchant. Popular card networks include Visa, Mastercard, Discover, and American Express. Payment processor – The company managing the transaction process.

Process 88

Process Payment APIs and Integration Processors Online and Mobile Banking 88

Clearly Payments

MARCH 14, 2025

Visa, Mastercard). Payment Rails Operator Manages infrastructure for card networks (VisaNet, Mastercard Network, etc.). Merchant Sends Transaction Request : The merchant’s POS system or online payment gateway encrypts and transmits the transaction data to the acquiring bank or payment processor. Final Confirmation 0.5

Credit Cards 52

Credit Cards Transactions PCI DSS Online and Mobile Banking 52

Stax

JANUARY 21, 2025

Ensure the gateway offers PCI DSS compliance, encryption, tokenization, and fraud prevention tools to safeguard transactions. The payment gateway collects and encrypts sensitive customer payment details and then securely sends them to the payment processor. Learn More What is a Payment Gateway?

Payment Gateways 88

Payment Gateways Gateways Payment APIs and Integration PCI DSS 88

Stax

DECEMBER 12, 2024

This system guarantees secure data transmission between banks and card networks like Visa, Mastercard, and Discover. These capture, encrypt, and transmit the customers payment details from the eCommerce website to the payment processor. This encryption turns data into an unreadable format to prevent fraud and security breaches.

Small Business 88

Small Business Online and Mobile Banking Volume Checks 88

The Payments Association

SEPTEMBER 24, 2024

In payments, blockchain provides improved transparency with immutable transaction records, faster processing times by eliminating intermediaries, and stronger security via encrypted data. As Visa and Mastercard engage with blockchain, its mainstream adoption is gaining momentum.

Blockchain 88

Blockchain Cross-Border Payments Cross-Border Encryption 88

The Payments Association

MARCH 19, 2025

End-to-end encryption plays a crucial role in enhancing payment security, as Zurnamer tells Payments Review: We have the likes of Apple Pay and Samsung Pay using secure element technology and encryption to process payments without storing card numbers on devices or servers.

Digital Payments 88

Digital Payments Finance Online and Mobile Banking Payments 88

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. For enhanced security, it uses EMV (Europay, Mastercard, and Visa) chip technology and contactless payments, like Apple Pay and Google Pay.

Credit Cards 88

Credit Cards Payment APIs and Integration Payment Gateways Gateways 88

PYMNTS

JUNE 8, 2018

To verify payment cards at the point of sale (POS), Mastercard is looking into blockchain technology. Through a two-way method, the system encodes an encrypted payment card image that is stored on the blockchain with a private and public key. In a filing with the U.S.

Blockchain 57

Blockchain Visa Verification Point-of-Sale (POS) 57

Stax

APRIL 3, 2025

The details are then encrypted and transmitted to a third-party payment gateway for authorization. Encryption – Encryption converts plain text into coded characters that can only be decoded by authorized users. But with more control comes great responsibility.

Payment Solutions 88

Payment Solutions Payment APIs and Integration Payment Gateways Gateways 88

VISTA InfoSec

NOVEMBER 12, 2024

Visa, MasterCard, etc.) 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 ).

PCI DSS 130

PCI DSS Compliance Encryption Audit 130

VISTA InfoSec

NOVEMBER 12, 2024

Visa, MasterCard, etc.) 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 ).

PCI DSS 130

PCI DSS Compliance Encryption Audit 130

Fintech Finance

JUNE 2, 2025

One year after announcing its vision to phase out manual card entry and drive 100% tokenisation , Mastercard is celebrating major strides across Europe, where a growing number of partners are adopting the technologies that underpin safer, smarter digital commerce. Nearly half of Mastercard e-commerce transactions are now tokenised in Europe.

Visa 72

Visa Authentication Enrollments Encryption 72

Fintech Finance

DECEMBER 12, 2023

Global card manufacturer Tag Systems (part of AUSTRIACARD Holdings AG) has achieved Mastercard certification for its biometric card based on Fingerprint Cards ’ sensor and STMicroelectronics STPay-Topaz-Bio solution. The sensor module also features additional privacy layers and advanced encryption to further enhance card security.

Visa 87

Visa Encryption Privacy Agreements 87

Stax

MARCH 4, 2024

In 2023, the cost of fraud to online businesses was $48 billion globally, according to Mastercard. It’s also critical to ensure card information is protected from data breaches with secure encryption and cybersecurity standards in place. Let’s talk about the “F” word—fraud.

PCI DSS 88

PCI DSS Payment Security Security MFA 88

Fintech Finance

APRIL 9, 2024

PXP Financial, the expert in global acquiring, payment, fraud, and data analysis services, today announced it has received accreditation to become a Token Service Provider by global technology company Mastercard. The post PXP Financial Leverages Mastercard Tech to Fight Fraud appeared first on Fintech Finance.

Visa 52

Visa PCI DSS Accreditation Identity Theft 52

Stax

MARCH 13, 2025

Although these fees go to the issuing bank, the rates are set by card networks like Discover, American Express, Visa , and Mastercard. Card networks must maintain them properly and pay for fraud prevention tech (data encryption, tokenization, real-time tracking, etc.). Swipe fees fund these initiatives and cover the maintenance costs.

Debit Card 88

Debit Card Credit Cards Processors Processing Costs 88

Stax

NOVEMBER 14, 2024

Card Association: Visa, Mastercard, American Express, and Discover. You are essentially paying Visa, Mastercard, Amex, and Discover for the ability to accept their cards. All you need to do is enter the payment info into your virtual terminal and it will then be encrypted, authorized, and submitted for online payment.

Credit Cards 88

Credit Cards Process Online and Mobile Banking Payment APIs and Integration 88

Stax

JANUARY 28, 2025

The payment system unified all the distinct online checkouts offered by Visa, American Express, Mastercard, and Discover, and once customers register their cards with any of the major card networks, they only need to tap the Click to Pay button on the websites of online retailers and service providers to make payments.

Payment APIs and Integration 68

Payment APIs and Integration Online and Mobile Banking Payment Gateways Gateways 68

PYMNTS

MAY 1, 2018

As biometrics have begun to represent the next generation in securing payments, Mastercard has unveiled a technological advancement for its own biometric cards. After a long research and development process, Mastercard created a battery-powered sleeve that lets people self-enroll contact or contactless biometric cards.

Enrollments 47

Enrollments Visa EMV Issuers 47

Cardfellow

FEBRUARY 26, 2025

Mastercard states that 2 out of every 3 transactions processed on its network are now contactless, up from less than 1 out of 3 in 2020. Like other forms of contactless payment, it uses tokenization and encryption to maximize security. The data exchanged between a card and the smartphone accepting the payment will be encrypted.

Contactless Payments 52

Contactless Payments Credit Cards Chip Cards Processors 52

Stax

MARCH 11, 2025

The issuing bank : this is the customers bank that issued the credit card to the customer on behalf of the card networks, such as Visa, American Express, Mastercard, and Discover. Payment verification Once the payment processor receives the now-encrypted payment information, it will be sent to the issuing bank for verification.

Online Payment Processing 88

Online Payment Processing Process Payment Gateways Online and Mobile Banking 88

Clearly Payments

MAY 22, 2025

Payment Network Companies like Visa, Mastercard, Amex, and Discover that move the data between banks. Assessment Fee A fee charged by the card networks (Visa, Mastercard, etc.). Encryption Scrambling card data so it cant be read by anyone else. MATCH List A blacklist of merchants banned by Visa/Mastercard.

Online and Mobile Banking 52

Online and Mobile Banking Debit Card Processors ACH 52

Stax

MARCH 15, 2024

The primary security standards that payment systems typically adhere to include: Payment Card Industry Data Security Standard (PCI DSS): PCI DSS sets forth requirements for securing payment card data, including encryption, access control, network monitoring, and regular security testing.

Process 88

Process Security PCI DSS Encryption 88

PYMNTS

NOVEMBER 1, 2017

Mastercard came out ahead of Wall Street’s forecasts when its Q3 earnings report hit the wires before the markets opened yesterday – notching a beat on both earnings and revenue, with significant growth in transaction volume and global market share. billion Mastercard and Maestro-branded cards worldwide. ” By The Numbers.

Visa 49

Visa Push-to-Card Same Day ACH Volume 49

VISTA InfoSec

APRIL 28, 2024

The banks are: Visa Mastercard Discover JCB American Express What are the PCI DSS requirements? Encryption of cardholder’s data across all networks. The PCI DSS outlines 12 requirements mentioned below. Refrain from using vendor-supplied defaults for system passwords and other security parameters.

PCI DSS 130

PCI DSS Compliance Assessments Data Breach 130

Stax

MAY 13, 2025

Payment gateway – A secure system that transmits encrypted transaction data between your website or terminal and your processor. It works by passing the actual interchange fee (set by card networks like Visa and Mastercard) directly to you, plus a small markup from the payment processor.

Credit Cards 88

Credit Cards Payment APIs and Integration Processors Process 88

PYMNTS

JUNE 1, 2016

Cybersecurity company Thales announced on Tuesday (May 31) that its payShield 9000 hardware security modules (HSMs) will be used by payments technology company Swiftch to help secure the first Visa Ready and MasterCard self-certified mPOS solution throughout the United Arab Emirates (UAE).

Visa 41

Visa Encryption Payment Gateways Gateways 41

Fintech Finance

JUNE 25, 2024

MuchBetter’s contactless payment ring functions just like any other payment device, and can be used to make payments all over the world, anywhere that Mastercard is accepted, just by tapping the ring on the contactless payment terminal. Available through the MuchBetter website, customers simply need to enter their ring size, and pay a €5.99

Contactless Payments 98

Contactless Payments Payments Visa CHIPS 98

Segpay

SEPTEMBER 24, 2024

So much of our industry is tied to Visa and Mastercard to support consumer payments. While I don’t blame Visa or Mastercard for putting controls in place, as they also suffer from supporting our industry. Annual Visa and Mastercard registration fees alone can total $1,500 per year. Also, there is enhanced security.

Accounts 105

Accounts Online and Mobile Banking Payments Authentication 105

Fintech News

DECEMBER 5, 2024

Alipay claims to encrypt and protect all biometric data during storage and transmission, but sharing facial data with companies still raises questions about privacy and trust. The technology scans and encrypts these patterns, linking them to a Weixin Palm Payment account for quick and seamless payments.

CHIPS 98

CHIPS Payment APIs and Integration Payments Privacy 98