Tag: data security

Do Payment Facilitators Have to Be PCI Compliant?

Data security is a critical component of the work that payment facilitators do. Proper management of sensitive data is an essential responsibility for anyone enabling access to the payments system. So every payment facilitator needs to understand the role that PCI compliance plays in their overall risk management efforts.

Very Good Security Raises $35 Million to Support “Zero Data” Approach

Data security company Very Good Security announced recently that it has raised $35 million in a series B funding round.

CSBS Regulatory Toolbox: New Upgrades for Streamlined Compliance and Data Protection

The CSBS has launched new fintech tools to enable a more manageable navigation process when it comes to promoting compliance and protecting customer data, including a portal, interactive map and updated resource center

What Do the New PCI Payments Software Security Standards Mean for PFs?

Hopes are cautiously high for the role of the PCI Security Standards Council’s (PCI SSC) new security framework in helping to secure a rapidly evolving payments ecosystem.

PCI PIN Change Is A PF Micromerchant Gamechanger

There’s one bright spot to the payments industry being encased in a massive overly complex, glacially slow bureaucracy, with certification approval times approaching eons. That bright spot is that fixing even one tiny element of the process can have a tremendous impact.

NY DFS Fines Western Union $60 Million for Anti-Money Laundering Violations

The New York State Department of Financial Services (DFS) has fined Western Union for failure to implement effective anti-money laundering compliance programs in-house and for failure to report suspicious activity – some of which could have facilitated human trafficking.