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Report: Tokenization And Data Vaulting Take The Sting Out Of PCI Compliance

PYMNTS

Adhering to Payments Card Industry (PCI) Data Security Standards (DSS) is an unavoidable requirement for any and all eTailers that accept card payments, but a surprising number of firms are not up to speed on these standards. The need for digital security has never been more paramount than during the COVID-19 crisis.

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Fidor: How Cloud-Based Banking Helps With Compliance

PYMNTS

Consumers pivoting to online banking are also more concerned over the privacy and security of their data, especially as fraud volumes creep up —and financial regulators are taking notice. Banks are continuing their ongoing movement to the cloud even as data and security questions continue to grow. Around The Cloud Banking World.

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Mastercard: Using AI To Cure Healthcare’s $240B Fraud, Waste And Abuse Problem

PYMNTS

By the year 2027, the expectation is that those costs will have swelled to $6 trillion annually or roughly $17,000 per citizen or 19 percent of the GDP. We securely store over 18 petabytes of sensitive data — this is a significant amount of data that we’re dealing with every day,” she said. Healthcare in the U.S.

Fraud 216
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Amex, Santander Explore FinTech Using API

PYMNTS

Among traditional players, some of the more innovative companies are leveraging their large customer bases to incorporate this technology into their portfolios, thus allowing customers to engage in transactions that would otherwise become out of reach, both for the customer and the financial institution. In another example, Santander U.K.

Fintech 117
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Deep Dive: Using Payments Orchestration To Power International Growth

PYMNTS

trillion by 2027, and more than half of all eCommerce shoppers buy from merchants abroad. Those that work with third-party specialists must decide whether they want to build and manage the connections to their various payments services or focus instead on orchestrating them to optimize revenue.

Payments 162
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10 Lessons We Learned at the Nacha Smarter Faster Payment Conference

South State Correspondent

The major themes of fraud, artificial intelligence (AI), expansion of instant payments, open banking, and regulation were particularly relevant to your roles as executives, risk managers, compliance officers, and technology leaders. As such, the National Security Agency (NSA ) is calling for banks to be compliant by 2030.