The use of contactless payments and adoption of e-wallets are on the rise during the coronavirus outbreak and movement control order in Malaysia, with some players seeing subscriber numbers double in the last month. E-wallets are no longer just a convenience, but a crucial part of the “new normal” and
THE advantages of digital currencies are becoming more apparent with exponential progress in efficiency, productivity, governance, and customer experience. And as we see greater familiarity and satisfaction with the use of digital currencies, exploration by central banks across the globe is also on the rise, with several already moving ahead
NFC is a technology that lets you use your phone as your wallet and pay for things wireless at the check-out counter. It swaps data wireless across short distances. By simply placing your smartphone near a NFC reader, a transaction is made. HOW NFC Work
Beware, cyber attacks! Warning, security breaches! And, oh, the sky is falling, too! No doubt, you’ve heard the rhetoric. But, as Chicken Little in the well-known fable learned, if everything is a screaming alarm, people start to tune out. So, let’s talk calmly about payment security for small businesses
If you process credit cards, you can’t avoid dealing with PCI (Payment Card Industry) compliance—and the best thing you can do is educate yourself so your business and systems adhere with these important guidelines at all times. All merchants fall into one of four merchant PCI compliance levels, which are
Adhering to the PCI (Payment Card Industry) standards for protecting card data is everyone’s business. If you process, store or transmit card data, you have to abide by these standards. In 2015, the 3.0 version of the guidelines was released with some important updates. The PCI Security Standards Council published
Unsure of which security features are worth the investment and which are not right for your merchant services? You’re not alone. But before you throw up your hands, check out these top 5 recommendations on how to think about payments security, so you can narrow down your search based on
The Payment Card Industry Data Security Standard (PCI DSS) is a security standard developed by the major card brands (Visa®, MasterCard®, Discover®, American Express® and others) to help merchants protect credit cardholder data. Merchants who process credit cards are required to be PCI compliant in order to protect cardholder data.
Credit card fraud can happen at your brick-and-mortar store, on the telephone or online, putting customers’ sensitive information at risk. Spotting fraudulent activity can be difficult during online or telephone transactions since the customer and the card are not present. However, knowing the signs of suspicious activity can help minimize
By now you’ve surely heard about the EMV shift that has been well underway in the United States for the past year. However, you might not be aware of the differences between the two different types of EMV transactions: chip-and-PIN and chip-and-signature. Here, we break down those types of transactions