Greg Pote’s Post

Looking forward to speaking at #NGP2024 on tackling CNP fraud in APAC. I’ll share insights on modern authentication technologies to secure digital payments while enhancing user experience. See you there!

Wallester Insights: PSD2 and Strong Customer Authentication Compliance #apps #games #software #productreviews #rswebsols I am excited to share our latest blog post that delves into the critical intersection of PSD2 and Strong Customer Authentication compliance. As the FinTech industry continues to evolve, the importance of robust authentication tools cannot be overstated. These tools are essential for ensuring software credibility and usability while safeguarding against potential threats such as money laundering and fraud. In our post, we explore the necessity of adhering to high-end authentication and cybersecurity standards, particularly for card issuing services. With the rapid growth of e-commerce transactions, understanding these compliance requirements becomes imperative for maintaining trust and security in financial services. To gain insights into how PSD2 impacts customer authentication and what it means for your business, read the full article here: [Wallester Insights: PSD2 and Strong Customer Authentication Compliance](https://buff.ly/49G5lF7).

I can't stress enough how important security is to the #digitalpayments world. Not a day goes by where we don't hear about the latest sophisticated scam circling around the news - and practically NONE of us are immune from these threats. When it comes to the Payments Industry, there is nothing more invaluable than the adoption of a prudent approach that allows providers and consumers to transact in a safer environment. Aside from the need to protect one and all from the host of potential malicious attacks, service providers should always set out to leverage new technological advances to mitigate data tampering and heighten data security exponentially, providing consumers with extra layers of defense against third-party fraudulent activities. Drop me a message for a chat on how a Global Digital Payments Provider that partners with reputable banks and places your safety first can provide the necessary assurance that all your transactions are secure and efficient!

Behind the scenes of electronic payments, security plays a crucial role. 🔒 A key term in this context is 'PCI' - but what is behind this word and why it is central to protecting payment information in the digital world? Side fact: "PCI" stands for "Payment Card Industry". 💸 The term refers to the Payment Card Industry Data Security Standard (PCI DSS), a security standard developed to protect credit card information. PCI DSS specifies requirements for the secure processing, storage and transmission of credit card data. Payment and e-commerce companies must be PCI compliant to ensure the security of payment transactions and prevent fraud.👥

🛡️🔑 Are #passkeys PSD2 compliant? Our analysis dives into the specific PSD2 and SCA requirements that banks must adhere to. Our core findings: 1. Tech Evolution: Banking authentication has gone a long way starting with traditional PINs, TANs, and SMS OTPs to more secure options like passkeys. 2. Phishing as Biggest Threat: The banking sector's biggest battle is the one against phishing. Passkeys as a non-phishable authentication factor could help to combat threats. 3. Regulatory Compliance: Compliance with PSD2 is mandatory for banks, however, there are different views when it comes to PSD2 compliance with passkeys. 4. Actionable Insights: Are you a bank or fintech that wants to offer passkeys as auth method? Read what is recommended, including regulatory engagement and learning from neo-bank practices, to make your passkey ambitions a reality. Find the full blog post in the link in the comments.

Our comprehensive Mobile Security Audit covers authentication mechanisms, data storage, encryption, session management, input validation, and secure communication protocols. We ensure your app is resilient to attacks, leaving no stone unturned in safeguarding your data. Adhering to industry-leading standards outlined by OWASP, our audit aligns with the top 10 vulnerabilities, providing a thorough examination of your app's security controls. Ideal for fintech, banking, and e-commerce companies, our Mobile Security Audit offers peace of mind in today's digital landscape. #MobileSecurity #OWASP #Fintech #Banking #Ecommerce Figure out more here - https://lnkd.in/eiiHZa9a

Have you ever wondered how your credit/debit card information stays safe during online transactions? The answer lies in PCI DSS, a global standard safeguarding your financial data. But what exactly is PCI DSS, and how does it benefit you? Click the link below to learn more (2 min read): https://lnkd.in/g3rvsDxv #PCIDSS #cybersecurity #financialsecurity #onlineshopping #payments #cardpayments #IndianFinTech #FinTechPM #ProductManagement #ProductManager #FinTech #Guidelines

🎉The results are in! In our recent poll about the most critical feature in daily digital payments, the overwhelming majority of you chose “Security and Privacy” as your top priority. Security and privacy are integral to your daily digital payment experience. In today’s fast-paced world, every transaction deserves the highest level of protection, and your personal data should always remain private. That’s why robust encryption, advanced fraud detection, and vigilant safeguards are essential. As you embrace the convenience of digital payments, remember to stay secure by: ✔️Using strong passwords. ✔️Enabling two-factor authentication. ✔️Regularly monitoring your accounts. At the heart of every digital payment is trust and protecting that trust is what matters most. Thank you to everyone who shared their thoughts! Your feedback is shaping the future of digital payments. Stay tuned for more exciting updates as we continue to prioritize what matters most to you. #fintech #PayPlusMyanmar #digitalpayment

Achieving compliance with the PCI-DSS standard requires overcoming several procedural, cultural, and documentation challenges. For instance, there are 246 requirements that need to be met and complied with every 12 months. PCI-DSS compliance is also highly technical, including the need to install various security, data encryption, and anti-malware solutions. Furthermore, PCI-DSS has different rating levels depending on the volume and types of transactions an organisation is managing. This often leads to a competency gap when utilising internal teams. Traderoot Europe’s fintech solutions are all PCI-DSS compliant, offering a seamless and cost-effective solution to banks, payment services providers and other businesses operating in the financial services industry. Learn more about our products here - https://lnkd.in/gcbt8Atb - or email our team at sales@traderooteurope.com. #fintech #security #pcidss #compliance #regulation #perfectingcommerce

Let’s keep our glossary up to date 🫡 Secure Payment Gateway is a technology that provides secure payment processing in online stores and online services. It serves as an intermediary between customers and financial institutions, encrypting and transmitting transaction data to prevent unauthorized access and fraud. Secure payment gateways use modern encryption methods such as SSL (Secure Socket Layer) and also comply with security standards such as PCI DSS. This ensures the protection of customers' personal and financial information during purchases. #payment #paytech #glossary