article thumbnail

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.

article thumbnail

Fidor: How Cloud-Based Banking Helps With Compliance

PYMNTS

Many financial institutions (FIs), especially online-only entities, moved their digital banking infrastructure to the cloud years ago to prepare for a rising crop of digital users, but the pandemic’s impact goes deeper. Banks are continuing their ongoing movement to the cloud even as data and security questions continue to grow.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Shift4 Payments Rebrands 3dcart, Launches eCommerce Platform Shift4Shop

PYMNTS

Shift4Shop helps businesses create eCommerce websites to start selling their goods and services online. We developed QR Pay to provide a completely touchless payment experience that’s secure, safe, and convenient.”. trillion by 2027, according to a June report. 27) in a press release.

Payments 141
article thumbnail

Can Mobile Solve A City’s Transit Payment Challenges?

PYMNTS

This risk is even greater now that the pandemic has upended normal shopping behaviors, driving an increasing number of consumers online to shop and pay, with retailers having experienced a 14.8 The pandemic is driving consumers online to shop and pay, and expansion of the payment gateway market shows no signs of slowing.

Mobile 181
article thumbnail

How Toptal Seeks To Instill Freelance Marketplace Trust

PYMNTS

workforce by 2027. Freelancer marketplaces like Toptal will need to keep a close eye on industry changes and be ready to provide the latest swift, secure options to their talent pools. Many professionals, largely driven by the appeal of flexibility, are meanwhile choosing to become independent workers.

article thumbnail

The CFPB section 1071 effective date

Abrigo

This means that in addition to banks and credit unions, other lenders subject to the rule’s mandates are finance companies, online lenders, Community Development Financial Institutions (CDFIs), government lenders, and nonprofit lenders. This 2026 data needs to be reported to the CFPB by June 1, 2027.

article thumbnail

Deep Dive: Preventing Fraudsters From Gaming The System As Online Gaming Heats Up

PYMNTS

Millions of consumers around the globe are turning to online games during the COVID-19 pandemic, and cybercriminals are springing into action with schemes to target them. Recent data shows that thwarted attempts to get one security solution’s users to visit malicious, video game-themed websites rose 54 percent from January to April.

Online 222