The Payment Services Directive 3 (PSD3) is the latest revision of the European Union’s payment regulations, building on the foundations set by PSD2. PSD3 aims to further harmonise rules across the EU, ensure a fair environment for payment service providers, and enhance consumer and fraud protection. Although the final rules are not expected to come […]
Open banking is reshaping the financial landscape, offering unprecedented opportunities for innovation and customer service. But how does it differ around the world? This article explores the regulatory landscape of open banking, providing insights into how different regions approach this transformative concept. In this article: → Open banking regulations in Europe → Open banking regulations […]
Open banking allows the convenience of accessing a wide range of financial services tailored to users’ needs. However, with it comes a natural concern: Is it secure? In this article, we’ll look in-depth at how open banking works, explore the potential risks and shed light on the robust security measures in place to protect your […]
Fraud has always been around, but with the rise of e-commerce, it has taken on an unprecedented scale. According to Statista, the e-commerce industry has lost 41 billion USD to online payment fraud in 2022. By comparison, that figure in 2021 was 21 billion USD. And without appropriate measures for online fraud prevention, the number […]
79% of the shoppers make purchases online at least once a month. Accordingly, they make online transactions with the same frequency. It’s easy, convenient and time-saving, but is it secure? In this article, we’ll take you through the essential steps Payop takes to ensure the security of online transactions. Step #1: Encryption and tokenization Data […]
Online card payments have made every buyer’s life easier, allowing merchants to increase profits through the convenience of payment and high transaction speed. However, along with the level of convenience, the number of fraudulent transactions has increased. To help merchants authenticate customers quickly and seamlessly, Visa created the 3D-Secure 1 protocol back in 1999. Since […]
Whatever business your company is in, it’s important to take care of reliable data protection first and foremost. Why is it so important? It will directly affect your company’s reputation and the further desire of customers to cooperate with you. Your choice will come down to one of two methods – encryption or tokenization. The […]