PCI Security Standards Council Updates Card Production and Provisioning Security Standard

Version 3.0 to Improve the Secure Manufacture, Production and Delivery of Payment Cards Today the PCI Security Standards Council (PCI SSC) announced the availability of the PCI Card Production and Provisioning Security Requirements version 3.0. The updated standard helps payment card vendors secure the components and sensitive data involved in the production of payment cards, protecting

Why are Regulated Institutions Still not Getting their Fraud and AML Due Diligence Right?

By Clive Gungudoo, Director Financial Crime and Risk Management at MoData Managing financial crime risk continues to remain a major priority for regulated institutions, with millions of dollars being invested every year into upgrading systems and processes around prevention, detection, investigation and reporting of such crimes. Despite these massive investments and strategy refreshes, financial Institutions,

PCI Security Standards Council Updates Hardware Security Module Standard

Version 4.0 Supports Industry Shift to Utilization of Cloud-Based Devices The PCI Security Standards Council (PCI SSC) published the latest version of its device security standard for Hardware Security Modules (HSMs). HSMs are secure cryptographic devices that are used for cryptographic-key management and the protection of sensitive data used in payment card processing. The PCI

Econet Group Announces Launch of Cassava Technologies

Cassava Technologies, headquartered in London, is Africa’s first integrated tech player of continental scale at the forefront of technology innovation Unique, pan-African technology leader, well-positioned to propel Africa into its economic future; built from the strong performance and track record of Econet Group. Privately held African telecommunications group, Econet, has announced the launch of Cassava

MoData Partners with DataVisor to Deliver Real-time AI-powered Fraud Detection

MoData, leading specialists in providing digital solutions for financial services, has partnered with technology pioneers DataVisor to deliver a comprehensive suite of AI-powered fraud management solutions to its customers across Africa. This new partnership will give MoData clients access to DataVisor’s comprehensive fraud and risk management platform, which enhances and accelerates fraud detection, keeping companies

ACI Worldwide Launches Network Intelligence Technology to Combat Real-Time Payments Fraud

New technology enables banks and payment providers to share industry-wide fraud signals to leverage machine learning technology more effectively ACI Worldwide, a leading global provider of real-time payments and digital payment software solutions, today launched its proprietary Network Intelligence Technology as an integral part of ACI Fraud Management. The new technology enables banks, processors, acquirers, and networks to augment

Entersekt Enables FIDO Authentication for Improved Security, User Experience, and Customer Choice

Cyber attacks pose a massive risk for financial institutions. The cost of data breaches averages tens of millions of dollars, and other after-effects are often far-reaching for organizations and their customers. At the root of these breaches are passwords – in an estimated 80% of cases. “Eliminating passwords and replacing them with more secure and user-friendly solutions is

Industry Feedback Drives Updates to PCI P2PE Standard

The PCI Security Standards Council (PCI SSC) published a minor revision to the PCI Point-to-Point Encryption (P2PE) Standard. The PCI P2PE Standard provides a comprehensive set of security requirements for the validation of PCI P2PE solutions to protect payment card data via encryption. PCI P2PE v3.1 includes clarifications and updates previously released via bulletins and

EMVCo Publishes EMV® 3-D Secure 2.3 to Support More Secure and Convenient E-Commerce Authentication

EMV® 3DS Version 2.3 expands support for digital channels and devices to help issuers, acquirers and merchants fight card-not-present fraud, while improving the consumer experience. Global technical body EMVCo has enhanced the EMV® 3-D Secure (3DS) Specifications to improve the consumer experience and fraud fighting capabilities for issuers, acquirers and merchants across e-commerce channels and devices. The latest version,

PCI Security Standards Council Issues Remote Assessment Guidelines

Guidelines Provide Best Practices to Support the Appropriate Use of Remote Assessments for PCI SSC Standards The PCI Security Standards Council (PCI SSC) has issued guidelines to support principles and procedures outlining the use of remote assessments. Built upon guidance provided throughout the course of the pandemic, the “PCI SSC Remote Assessment Guidelines and Procedures”