Payconiq Luxembourg’s Post

As we continue to embrace digital payments, robust security protocols will remain the cornerstone of safe and secure financial transactions. Here’s why PayeCards is fast and secure: ⚡ Rapid Processing: PayeCards uses advanced technology to ensure transactions are processed quickly, minimizing wait times for both customers and merchants. 🔒 Robust Security Measures: State-of-the-art encryption and security protocols protect sensitive information, ensuring that all transactions are secure. 🛡️ Fraud Prevention: Comprehensive fraud detection and prevention systems help identify and mitigate suspicious activities in real-time. 🚀 Efficient Systems: Optimized payment infrastructure and streamlined processes ensure smooth and speedy transactions. 📈 Reliable Performance: High-performance servers and reliable network connections guarantee consistent transaction speeds and security. 🔍 Real-Time Monitoring: Continuous monitoring of transactions allows for immediate identification and resolution of any issues, maintaining security and efficiency. Choose smart and join Payecards by visiting PayeCards.com #ChooseSmart #Trusted #Payecards #InnovativeFinance #BusinessExcellence

⚡ Discover the highlights from the MENA FINTECH ASSOCIATION's Payments Boardroom, where senior executives from the industry gathered to delve into the critical area of #payments security. 🚀 Key discussions covered transaction #security, fraud prevention, and #cybersecurity. Participants shared valuable insights on the Middle East's advanced adoption of cutting-edge payment security protocols, the necessity of enhancing collaboration within the #ecosystem to effectively counter threats, and the importance of spreading knowledge and staying updated on security issues, starting at the board level within financial institutions. 📩 Interested in joining us or have any questions? Feel free to email us at marketing@mena-fintech.org Nameer Khan | Nadia Benaissa | Akshay Chopra | Imane Adel | Charles Lobo | Gaurav Dhar | Pati Murtazalieva | Sailesh Malhotra | Ani Sane | Ronit Ghose | Ashraf Omran | Fernando Plaza | Altaf Ahmed | Nihal Abughattas | Otto Abasi Williams | Ramana Kumar A | Jan Pilbauer | Jehanzeb Awan #MENA #Fintech #Payments #PaymentsSecurity #Innovation #DIFC #SHIFT #Networking #FinancialInclusion #FutureOfPayments #IndustryLeaders

𝐏𝐚𝐲𝐦𝐞𝐧𝐭 𝐒𝐞𝐜𝐮𝐫𝐢𝐭𝐲 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐆𝐥𝐨𝐛𝐚𝐥 𝐒𝐢𝐳𝐞, 𝐒𝐡𝐚𝐫𝐞 & 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 ➤ 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅: https://lnkd.in/gqRxQYAf      Payment security involves the strategies businesses use to analyze and gain insights from trends, correlations, and hidden patterns in the market. The COVID-19 pandemic led to a surge in fraud, cyberattacks, ransomware, and money laundering, resulting in a significant increase in digital payment fraud due to the widespread adoption of online payment technologies. As online digital payment platforms expand, new opportunities for cyber-attacks are emerging, driving greater demand for payment security solutions. This has caused a notable spike in the adoption of these solutions, particularly in developing nations, and is expected to increase mobile payment transactions and global uptake of payment security measures. ➤ 𝗕𝘆 𝗦𝗼𝗹𝘂𝘁𝗶𝗼𝗻: Tokenization, Encryption, and Fraud and Prevention ➤𝗕𝘆 𝗘𝗻𝘁𝗲𝗿𝗽𝗿𝗶𝘀𝗲 𝗧𝘆𝗽𝗲: Small & Medium Size Enterprise and Large Enterprise ➤𝗕𝘆 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆: BFSI, Retail, Healthcare, IT & Telecom, Travel & Hospitality, Others (Media & Entertainment, and Others ➤ 𝗕𝘆 𝗞𝗲𝘆 𝗣𝗹𝗮𝘆𝗲𝗿𝘀: PayPal, Thales, Cybersource, Bluefin Payment Systems, Outseer, PayU, Elavon, Inc., TokenEx #PaymentSecurity #CyberSecurity #DigitalPayments #FraudPrevention #DataProtection #PaymentFraud #SecureTransactions #FinancialSecurity #PaymentAuthentication #CyberThreats #Encryption #SecurePayments #PaymentCompliance #FraudDetection #TransactionSecurity #DigitalFraud #PaymentProtection #SecuritySolutions #FinancialTechnology #RiskManagement #PaymentGateway

Operational resilience is paramount in Fintech 🌐 In today's fast-paced digital landscape, operational resilience isn't just a buzzword—it's a necessity. High-profile outages, such as the recent CrowdStrike bug, have demonstrated our collective reliance on technology and the potential for widespread disruption when things go wrong. It's essential to establish robust compliance frameworks across all touchpoints within the fintech ecosystem. With Open Banking and third-party data sharing becoming more commonplace, the importance of vendor management cannot be overstated. Fintechs must guarantee that their partners adhere to compliance standards to safeguard customer data and maintain smooth operations. What measures are you taking to boost operational resilience in your organisation? 🔐 #Fintech #CyberSecurity

This year, we saved assets with a net value of ~$150m for a young fintech startup in the UK. They were wise in trusting the defense of their mobile app to professionals. One may compare the peanut cost of a proper security audit with the risk of losing literally everything. Check the link for further information. #MobileSecurity #OWASP #Fintech #Banking #Ecommerce

Due Diligence by Fintechs Fintechs today have mushroomed and have helped the digital economy grow. With business comes responsibility. RBI is your regulator. Like it or not. Fintechs have to comply. Compliance is not security. Security is compliance. Due Diligence on part of fintechs will go a long way to secure business interest and customer interest. #fintech #cybersecurity #riskmanagement #compiance

I’ve been following a report from the BIS (Bank for International Settlements) that raises an important concern about the global push for 24/7 payment systems. While instant payments are revolutionizing finance, the hidden risks—like increased operational stress and cyber vulnerabilities—are rarely discussed. These risks aren’t theoretical. Countries with established instant payment systems, like India’s UPI or the UK’s Faster Payments, have already faced issues balancing efficiency and security. It’s a delicate act: How do you meet consumer demands for speed while maintaining trust and resilience? This challenge resonates deeply with me. As someone working on FinTech solutions, I see both the allure and the complexities of real-time transactions. Speed alone doesn’t drive adoption—trust does. Have we as an industry become too focused on “fast” as the ultimate benchmark of progress? What should be our priorities when designing future payment systems? I’m eager to hear your thoughts. #InstantPayments #FinTechChallenges #Cybersecurity

From online banking, personal finance management and mobile banking… our banks are never more than a fingerprint or face scan away. While the growth of the fintech sector has boosted universal accessibility of financial products, its growth has made it a prime target for cyberattacks. Ian Stacey, Group Head of Information Security at leading financial services firm Novuna shares with The European Financial Review how the company is taking a proactive approach to elevate the human element, à la multi-factor authentication and detective controls. Find out how Splunk is working with Novuna to consolidate threat intelligence and analytics to supercharge resilience within fintech: [🔗 https://splk.it/3XycDVE] #Cybersecurity #SplunkSecurity

Discover how Payecards’ customized solutions can help secure your financial objectives. Visit payecards.com. Here’s why businesses trust us: 🔒 Advanced Security: Adherence to PCI-DSS standards ensures all transactions are compliant and secure, providing top-notch protection for both merchants and customers. 🛡️ Fraud Detection: Our sophisticated systems mitigate potential risks associated with cross-border payments. 🧩 Tokenization and Encryption: All transactions are encrypted, ensuring data safety and security. 🔍 Real-Time Monitoring: Quickly detect and address any suspicious activity with our state-of-the-art monitoring. With Payecards, every transaction is processed accurately and securely. #SafetyFirst #Trusted #Payecards #InnovativeFinance #BusinessExcellence

There is no doubt, the future of payments is digital, but diversity and resilience are the only ways forward if we want our future transactions to be highly secure. #Cybersecurity #Digital #Payments #EPayments #Fintech