Segpay

MARCH 24, 2025

USA: More prescriptive Customer Identification Program (CIP) rules, requiring standardized ID verification and risk-based CDD measures. USA: Stricter data-sharing laws, including the Gramm-Leach-Bliley Act (GLBA) and inter-agency reporting for suspicious activity over $3,000 USD. PSPs verify identity and monitor transactions.

Compliance 71

Compliance Suspicious Activity Report (SAR) Fincen AML 71

Stax

MARCH 15, 2024

Examples include the General Data Protection Regulation (GDPR) in the European Union and the Gramm-Leach-Bliley Act (GLBA) in the United States. 2FA requires users to provide two different forms of verification before accessing their accounts or making transactions. How Do Secure Payment Systems Work? Two-Factor Authentication (2FA).

Process 88

Process Security PCI DSS Encryption 88

EBizCharge

MAY 12, 2025

Gramm-Leach-Bliley Act (GLBA): GLBA requires U.S. Authentication goes beyond basic passwords to provide multiple layers of identity verification, helping merchants prevent fraud and protect customer data. MFA and biometric verification help ensure the authorized cardholder is initiating the transaction.

Process 52

Process Security Payment Gateways Encryption 52