The Tokenization Process in Payment Security Tokenization removes sensitive card information and replaces it with a token created by an algorithm that has no appraised value. Whenever a consumer enters payment information, the gateway immediately replaces the 16-digit PAN (Primary Account Number) with a unique token like “tok_1A2b3C4d,” which gets stored in merchant systems in […]
Implementing SCA Under PSD2 Guidelines According to the Revised Payment Services Directive (PSD2), Strong Customer Authentication is necessary for any European online purchase and uses two of the three following ways: knowledge (password/PIN), possession, with examples being a phone/device, inherence, like biometrics, in these respects. Payment Gateway takes this into use in 3D Secure 2.2 […]
Encryption Protocols Powering Modern Payment Security The security of transaction information is maintained by numerous layers of encryption by the payment gateways. Currently, TLS (Transport Layer Security) 1.3 has become the de facto standard to encrypt the data in transit between processors, servers, and browsers, thus displacing some of the older versions of the SSL […]
How Hosted Payment Pages Reduce Risk and Increase Trust Hosted payment pages redirect customers to safe check-out from the payment processor site, thereby taking out sensitive data handling from the merchant server. PayPal Checkout, Authorize.Net Payment Form, and Stripe Checkout are examples of ready-made pages that comply with PCI standards and are customizable with brand […]
Essential AML Framework for Payment Businesses Users provide two distinct means of verification in dependent representation of the particular payment system or transaction in need of authentication. The payment gateways implement 2FA using OTPs via SMS, authenticator apps (Google/Microsoft Authenticator), biometric authentication (Touch ID/Face ID), or hardware tokens (YubiKeys). This stops unauthorized configuration changes that, […]
Common Compliance Pitfalls in Payment Processing It is generally accepted that payment businesses are increasingly being levied with hefty fines for PCI DSS, AML, and local compliance deficiencies such as GDPR or CCPA. Common mistakes usually include storage of CVV codes (forbidden under PCI regulations), poor transaction monitoring (which results in AML violations), and non-disclosure […]
Understanding PCI DSS Requirements for Payment Gateways Compliance with PCI DSS is mandatory for every business having credit card transactions. The standard contains 12 broad requirements for security such as setting up a secure network, encryption methods, and vulnerability management that will generally protect cardholder data. Payment gateways would usually apply a combination of SAQ […]
2FA Methods Protecting Payment Systems The two-factor authentication relies on users providing two separate modes of verification, depending on the particular payment system or transaction that requires authentication. Payment gateways use 2FA via SMS one-time passwords (OTPs), authenticator apps (Google/Microsoft Authenticator), biometric authentication (Touch ID/Face ID), or hardware tokens (YubiKeys). It blocks unauthorized configuration changes […]
Optimizing KYC Workflows for Payment Processing All Know Your Customer (KYC) checks are necessary for fraud prevention; however, they sometimes create a slow friction-inhibiting environment for legitimate transactions. The latest innovations in payment gateways have included AI-powered identity verification portals that do such checks in under thirty seconds. Among its offerings, Onfido Trulioo has been […]
Building Multi-Layered Defenses Against Payment Data Theft Payment compromises generally operate against forgotten weaknesses such as unpatched environments, cloud storage misconfiguration, and personnel social engineering attacks. Establish segmentation of all payment systems from normal business networks via firewalls with restrictive ingress/egress rules. The file integrity monitor (FIM) starts identifying unexpected changes to payment scripts or […]