Latest news with #paymentsecurity
Yahoo
17 hours ago
- Business
- Yahoo
Bluefin and Allied Electronics Secure Petroleum Retail with PCI-Validated P2PE Integration
ATLANTA, July 15, 2025--(BUSINESS WIRE)--Bluefin, a global leader in payment and data security, today announced a partnership with Allied Electronics to bring Bluefin's PCI-validated point-to-point encryption (P2PE) solution, Decryptx®, to Allied's NeXGen PRIME forecourt controller platform. NeXGen PRIME fuses the performance of Allied's NeXGen Forecourt Controller with the advanced AEGIS hardware platform to deliver a best-in-class automation solution for retail petroleum and convenience store operators. As Bluefin's integrated partner for Commercial Fuel, Allied currently supports more than 500 live locations using the joint solution to protect sensitive cardholder data. The integration of Decryptx® provides an added layer of security by encrypting payment data at the point of interaction – such as fuel dispensers or in-store terminals – and keeping it encrypted through to decryption in Bluefin's secure environment. This not only protects against cyber threats but also helps petroleum retailers and grocery stores simplify PCI DSS compliance, reduce risk, and build consumer trust. With over 52,000 interface devices deployed globally and a client roster that includes Pilot, Casey's, Love's, and QuikTrip, Allied is a trusted leader in forecourt automation. The addition of Bluefin's P2PE technology ensures their customers are equipped to meet the rising demands of payment security in complex, high-volume environments. "Our goal is to make enterprise-grade payment security accessible and practical for all retail fueling environments," said Sean Gately, Vice President of Security Solutions at Bluefin. "This integration brings together Allied's innovation and Bluefin's P2PE expertise to protect both merchants and consumers at the pump and in-store." "Security is critical in today's fueling landscape, and Bluefin's P2PE solution enhances our ability to deliver both protection and performance to our customers," said Bob Danford, Strategic Account Manager, Allied Electronics. "Together, we're raising the standard for secure, compliant, and future-ready forecourt technology." About Allied Electronics Founded in 1978, Allied Electronics is a trusted leader in service station automation and forecourt technology, serving major oil companies, travel plazas, convenience stores, casinos, and other markets across North America. The company develops and maintains the NeXGen Prime and Aegis forecourt controllers and supports over 52,000 interface devices worldwide, partnering with top-tier fuel dispenser, tank gauge, car wash, and price sign manufacturers. Allied also operates the industry's largest online petroleum parts superstore, offering more than 58,000 products for brands like Gilbarco, Tokheim, and Wayne. With a legacy of innovation and a commitment to future-ready automation, Allied empowers service stations to meet the evolving demands of the 21st century. About Bluefin Bluefin is a global leader in payment and data security, specializing in PCI-validated point-to-point encryption (P2PE) and vaultless tokenization to protect cardholder data, PII, and PHI. Our product suite includes both integrated and vendor-agnostic solutions, enabling enterprises, organizations, and SaaS platforms to secure sensitive data with business flexibility. We work with 300+ partners to serve 35,000 clients in 60 countries, securing over 2.5 billion pieces of data annually. Bluefin is headquartered in Atlanta with offices in Waterford, Ireland and Vienna, Austria, and is a Participating Organization of the PCI Security Standards Council (SSC). For more information, visit View source version on Contacts Walker Sandsbluefinpr@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Finextra
03-07-2025
- Business
- Finextra
HitPay deploys Flagright security and compliance tech
Flagright has partnered with HitPay to improve payment security and compliance in Southeast Asia. 0 The Flagright HitPay partnership helps SMEs meet evolving regulatory needs. HitPay, a pioneering all-in-one payment platform for SMEs, is integrating Flagright's advanced security technologies to ensure its innovative payment solutions remain secure and compliant as they expand their services across Southeast Asia and beyond. HitPay, trusted by over 15,000 businesses, unifies online, point-of-sale, and B2B payments into a single, integrated payment processing system. HitPay earned a major payment institution (MPI) license from the Monetary Authority of Singapore (MAS), allowing them to broaden their services to include merchant acquisition and money transfers. This significant milestone underscores HitPay's commitment to providing secure and efficient payment solutions for SMEs. Aditya Haripurkar, Co-Founder and CEO of HitPay, expressed his enthusiasm about the collaboration: 'Partnering with Flagright is a crucial step in reinforcing our commitment to security and compliance. Flagright's cutting-edge transaction monitoring and AML compliance solution will enhance our ability to protect our customers' transactions and ensure compliance with stringent regulatory standards. As a fellow Y Combinator company, we share a common vision of leveraging technology to drive innovation and security in the financial sector. This collaboration ensures that HitPay continues to set the benchmark for secure and efficient payment processing.' Baran Ozkan, co-founder and CEO of Flagright, commented: 'We are thrilled to support HitPay, a leader in the payment processing industry and a fellow Y Combinator company. Our collaboration reflects our shared commitment to enhancing security and compliance in financial services. We look forward to supporting HitPay's mission to provide secure and seamless payment solutions for SMEs across Southeast Asia and the globe.' The Flagright HitPay partnership reflects a shared mission to strengthen trust in Southeast Asia's growing digital payment ecosystem.
Finextra
18-06-2025
- Business
- Finextra
Beyond the Firewall: Rethinking Payment Data Security: By James Richardson
In today's digital economy, protecting sensitive business payment data is no longer just the responsibility of IT or treasury departments — it's a strategic business imperative. While enterprise systems like ERP and CRM often have strong security protocols, these systems don't operate in a vacuum. Payment data is frequently copied, stored, and used across spreadsheets, shared drives, and supplier portals — far beyond the safety of core systems. That's where the real risk lies. Why Traditional Defences Fall Short Historically, businesses have relied on layered security controls like encryption, firewalls, and access policies to protect payment information. But these measures alone don't eliminate the inherent risks of decentralised data. Payment details often reside in multiple locations across an organisation — from shared folders to manual payment files — making it hard to track who has access, where data is stored, and how it's being used. In these uncontrolled environments, human error, system design gaps, and cybercriminals can easily exploit weaknesses. And the stakes are high. Data breaches involving bank account details not only damage reputations and erode customer trust but can also expose organisations to direct financial loss, fraud recovery efforts, and regulatory scrutiny. The Rise of Payment Tokenisation To address this growing threat, an additional and effective approach is gaining traction in B2B payments security: payment tokenisation. Tokenisation replaces sensitive bank account information with a secure, randomised token — a placeholder with no exploitable value. These tokens are stored and managed outside the business's systems, in highly secure external environments. The original bank data stays protected, while the business uses the token for processing payments as if it were the real thing. In practice, this means organisations can continue to run payments efficiently — but without ever holding the real account data internally. Even if a breach occurs, attackers get meaningless tokens rather than actionable payment credentials. Strategic Benefits Beyond Security The appeal of tokenisation goes beyond protecting against fraud. It simplifies compliance and risk management by centralising sensitive data into a single, tightly controlled location. That eliminates data sprawl, reduces audit complexity, and gives finance teams greater peace of mind. Organisations embracing tokenisation also gain operational resilience. Instead of relying solely on internal controls, they reduce systemic risk by shifting sensitive data management to dedicated, security-hardened infrastructure. That's especially valuable for large businesses managing thousands of payments a day or navigating complex multi-supplier networks. From Niche to Necessity While tokenisation is already well established in card payment systems, its adoption for bank account data is only just beginning. There's no regulatory requirement — yet — but that's starting to shift. Standards like PCI DSS don't currently mandate tokenisation for bank details, but forward-thinking organisations aren't waiting for legislation to catch up. Rising fraud, evolving cyber threats, and increasing expectations from partners and regulators are all pushing tokenisation from a niche solution to a best-practice standard. For financial operations teams, it's a proactive step that protects both reputation and revenue. The Strategic Imperative Tokenisation isn't just a cybersecurity tactic — it's a smarter, more resilient way to handle business payment data in a landscape where breaches are inevitable and reputational risk is high. It streamlines compliance, enhances governance, and dramatically lowers the threat posed by internal errors, third-party risks, and increasingly sophisticated attacks. The time to act is now. Businesses that wait for regulation, a major breach, or a mandate from a banking partner are already on the back foot. Forward-looking organisations are proactively removing sensitive bank account data from their systems — not simply to protect it, but to eliminate the need to hold it in the first place. Don't wait for a crisis to rethink your approach. Tokenisation is fast becoming a defining feature of modern payment security strategy. If your business handles payments, it's time to ask: why hold the risk at all?
Zawya
10-06-2025
- Business
- Zawya
Al Etihad Payments elected to PCI SSC Board of Advisors for 2025–2027 term
Abu Dhabi, UAE – Al Etihad Payments (AEP), a subsidiary of the Central Bank of the UAE, has been elected to the 2025–2027 Board of Advisors for the Payment Card Industry Security Standards Council (PCI SSC). AEP is among the first organizations from the Middle East to be elected to this global body driven by the UAE's growing leadership in cybersecurity and payment system resilience on the international stage. The PCI Security Standards Council (PCI SSC) leads a global, cross-industry effort to increase payment security by providing industry-driven, flexible, and effective data security standards and programs that help businesses detect, mitigate, and prevent cyberattacks and breaches. Hani Bani Amer, Head of Information Security at AEP, will represent AEP as one of 64 global board members. He will serve as a strategic partner to the PCI SSC, contributing industry, regional, and technical expertise to support the Council's mission of enhancing global payment security. The PCI SSC Board of Advisors plays a vital role in guiding the Council's priorities and standard-setting initiatives. Members provide critical insights on global payment security trends, regional regulatory landscapes, and emerging technologies. 'Being elected to the PCI SSC Board of Advisors is both an honor and a responsibility', said Hani Bani Amer. 'Through our participation, we aim to ensure that our regional unique insights and perspectives are represented in the development of global standards, ultimately benefiting stakeholders locally and internationally. I look forward to working closely with my fellow Board members to advance strong, future-ready payment security standards that address today's challenges and tomorrow's cybersecurity threats.' The new Board includes representatives from 61 organizations, reflecting the PCI SSC's commitment to global inclusion. Members come from a wide range of sectors, including issuers, acquirers, merchants, processors, service providers, and technology companies. Nitin Bhatnagar, Regional Director India, South Asia and Middle East, PCI Security Standards Council said, 'Al Etihad Payments' participation on the new 2025-2027 board of advisors from the Middle East (UAE) region is a critical voice that will help ensure greater regional input into our payment security standards, providing even more opportunities for discussion and collaboration with some of the most innovative voices in our industry. This term, in acknowledgment of the payments industry's ever-changing needs, the Board of Advisors has been expanded to a record 64 stakeholders, providing the Council with a broader range of views. The Board of Advisors will also be responsible for voting on new standards and major revisions to existing standards prior to their release. We are thrilled to welcome Al Etihad Payments to the newly elected 2025-2027 Board of Advisors.' AEP continues to play a key role in advancing the UAE's digital economy through initiatives such as Aani, the real-time payments platform, and Jaywan, the domestic card scheme. AEP is building a secure, resilient, and inclusive payments ecosystem. Both platforms are designed to meet local market needs while embedding global best practices for data protection and transaction security. By joining the PCI SSC Board of Advisors, AEP strengthens its commitment to adopting and shaping industry-driven, flexible, and effective security standards that safeguard sensitive payment data across every layer of the digital payments journey from cards to real-time transfers. About Al Etihad Payments Al Etihad Payments (AEP), a subsidiary of the Central Bank of the UAE, is the national payments entity of the UAE, leading the development and operation of world-class payment infrastructure. Its mission supports the government's push towards a digitally advanced society. AEP is focused on delivering innovative, easy-to-use payment solutions, helping financial institutions improve customer experience, and building a strong, secure, and efficient financial ecosystem for the country. For more information, visit
Yahoo
23-05-2025
- Business
- Yahoo
Payment Card Skimming Market Trends & Competition Intelligence 2025-2030 Featuring 34 Industry Players - Growth in Contactless and Tap-to-Pay Transactions Drives Shift in Skimming Attack Vectors
Dublin, May 23, 2025 (GLOBE NEWSWIRE) -- The "Payment Card Skimming - Global Strategic Business Report" report has been added to global market for Payment Card Skimming was valued at US$3.4 Billion in 2024 and is projected to reach US$5.3 Billion by 2030, growing at a CAGR of 7.8% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Payment Card Skimming market. The growth in anti-skimming and payment fraud prevention markets is driven by rising financial crime losses, increased digital payment penetration, and evolving regulatory mandates for payment security. With consumer trust and transaction integrity at stake, financial institutions are investing heavily in proactive risk mitigation, threat intelligence, and terminal-level security upgrades. EMV mandates, PCI DSS (Payment Card Industry Data Security Standard) compliance, and consumer protection laws are catalyzing technology adoption across both financial services and retail fintech startups and established cybersecurity firms are developing advanced endpoint detection, anomaly scoring algorithms, and physical device authentication layers. Terminal hardware providers are integrating embedded encryption chips, secure firmware updates, and skimmer-resistant form factors into new product lines. Public-private partnerships, such as Europol's financial cybercrime task forces and FBI-led cybercrime coalitions, are improving global response coordination. As digital payments expand and fraud techniques advance, the battle against payment card skimming will remain a dynamic and technologically intensive front in financial security ScopeThe report analyzes the Payment Card Skimming market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined Component (Solutions, Services); Deployment (On-Premise, Cloud); Application (Identity Theft, Payment Fraud, Money Laundering, ATMs, Other Applications).Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Insights: Market Growth: Understand the significant growth trajectory of the Solutions Component segment, which is expected to reach US$3.1 Billion by 2030 with a CAGR of a 6.2%. The Services Component segment is also set to grow at 10.5% CAGR over the analysis period. Regional Analysis: Gain insights into the U.S. market, valued at $919.2 Million in 2024, and China, forecasted to grow at an impressive 12.0% CAGR to reach $1.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific. Key Questions Answered: How is the Global Payment Card Skimming Market expected to evolve by 2030? What are the main drivers and restraints affecting the market? Which market segments will grow the most over the forecast period? How will market shares for different regions and segments change by 2030? Who are the leading players in the market, and what are their prospects? Report Features: Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030. In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa. Company Profiles: Coverage of players such as Accertify, ACI Worldwide, BAE Systems Applied Intelligence, Diebold Nixdorf, FICO and more. Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments. Some of the 34 companies featured in this Payment Card Skimming market report include: Accertify ACI Worldwide BAE Systems Applied Intelligence Diebold Nixdorf FICO Fiserv Gemalto (Thales Group) Giesecke+Devrient IBM Ingenico Group Mastercard NCR Corporation NICE Actimize RSA Security LLC SAS Institute Inc. SEON Technologies Ltd. Stripe Thales Group Visa Inc. Worldline Tariff Impact Analysis: Key Insights for 2025Global tariff negotiations across 180+ countries are reshaping supply chains, costs, and competitiveness. This report reflects the latest developments as of April 2025 and incorporates forward-looking insights into the market analysts continuously track trade developments worldwide, drawing insights from leading global economists and over 200 industry and policy institutions, including think tanks, trade organizations, and national economic advisory bodies. This intelligence is integrated into forecasting models to provide timely, data-driven analysis of emerging risks and Included in This Edition: Tariff-adjusted market forecasts by region and segment Analysis of cost and supply chain implications by sourcing and trade exposure Strategic insights into geographic shifts Buyers receive a free July 2025 update with: Finalized tariff impacts and new trade agreement effects Updated projections reflecting global sourcing and cost shifts Expanded country-specific coverage across the industry Key Attributes Report Attribute Details No. of Pages 367 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $3.4 Billion Forecasted Market Value (USD) by 2030 $5.3 Billion Compound Annual Growth Rate 7.8% Regions Covered Global MARKET OVERVIEW Influencer Market Insights World Market Trajectories Impact of COVID-19 and a Looming Global Recession Payment Card Skimming - Global Key Competitors Percentage Market Share in 2025 (E) Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2025 (E) MARKET TRENDS & DRIVERS Rising Incidence of Card Fraud and Identity Theft Throws the Spotlight on Payment Skimming Threats Advancement in Overlay Skimmer Technologies Spurs Sophistication in Criminal Tactics Growth in Contactless and Tap-to-Pay Transactions Drives Shift in Skimming Attack Vectors Increased Awareness Among Consumers and Merchants Strengthens Preventive Surveillance Measures Integration of AI and Machine Learning in Fraud Detection Accelerates Skimmer Identification Expansion of ATM and Point-of-Sale Terminal Usage in Unattended Locations Spurs Vulnerability Exposure Rising E-Commerce Volumes Shift Criminal Focus Toward Card-Not-Present Fraud Techniques Government Mandates for EMV Chip Migration and Compliance Curb Magnetic Stripe Exploits Deployment of Anti-Tamper and Sensor-Based Payment Hardware Enhances Merchant Security Infrastructure Use of End-to-End Encryption and Tokenization in Transactions Strengthens Defense Mechanisms Public-Private Collaborations on Cybersecurity Education Drive Awareness and Reporting Accuracy Growing Adoption of Real-Time Transaction Monitoring Tools Enhances Skimming Detection Capabilities Emergence of Bluetooth and Wi-Fi Skimmers Increases Complexity of Field-Level Inspections Advancement in Skimmer Concealment and Aesthetics Challenges Retailer Detection Methods Deployment of Encrypted PIN Entry Pads and Dual Verification Systems Reduces Attack Success Rates Rise in Financial Services Digitization Supports Multi-Factor Authentication Over Physical Cards Security Audits and Compliance Certifications Become Standard Across ATM Networks Availability of Compact and Disposable Skimmer Devices Escalates Risk at Fuel Stations and Kiosks Retailer Investment in Surveillance and Anti-Fraud Equipment Strengthens Point-of-Service Resilience Global Collaboration on Cross-Border Cybercrime Enforcement Expands Prosecution Capacity For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
