Remove Electronics Remove Financial Transaction Remove Risk Assessment
article thumbnail

What is Payment Security? Actionable Guide on Types & Secure Payment Gateway Protocols

Razorpay

Payment security refers to the processes, techniques and protocols used to safeguard online and offline financial transactions of businesses and protect sensitive payment and personal information of clients from threats like payment fraud, unauthorised access, and breach of privacy. What is Payment Security?

article thumbnail

Unpacking the 20 most impact financial regulations from the last 20 years

The TRADE

ESMA’s rules on AI have also impacted risk management practices in the financial market, with firms required to conduct thorough risk assessments to identify and mitigate potential risks associated with AI, such as model risk, algorithmic bias, and data quality issues.

article thumbnail

What is a Payment Settlement? – A Comprehensive Guide

Razorpay

The payment settlement is a process in any financial transaction where the issuing bank transfers funds from the cardholder’s account to the acquiring bank through a payment gateway. This is the final step in any financial transaction after authorisation and approval. What is Payment Settlement? Card Networks (e.g.,

Bank 40