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Payment Security: Everything You Need to Know About Secure Payments

Stax

Taking precautions to implement security measures such as secure firewalls and cybersecurity training helps to protect cardholder data and other sensitive information. It’s also critical to ensure card information is protected from data breaches with secure encryption and cybersecurity standards in place.

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Understanding Risk Management Strategies as a PayFac

Stax

Some of these mechanisms include advanced machine learning algorithms, real-time transaction monitoring, and multi-factor authentication. We now have fraud detection systems that use machine learning and AI to identify and prevent fraud and cyberattacks. Not just that.