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As consumers increasingly shop online – especially during the pandemic – cybercriminals have turned their focus to e-commerce fraud, including exploiting credit card processing. According to the Nilson Report, over the next ten years, our industry will lose over $400 billion to fraudsters.

Information is life. Therefore, when nations go to war, information operations – including data theft, denial, and manipulation – are one of the keys to victory. Even in peacetime, governments run thousands of computer network operations (CNO) every day. Some are designed to support democracy and human rights, while others surveil, target, and terrify innocent civilians.

This blog is part of an ongoing series of content around our recently released Definitive Guide to Payments Orchestration. If you are interested in what you hear today or other concepts in the series, make sure to pick it up!

Very Good Security (VGS) enables its customers to accept and process mobile payments with Google Pay tokens. By integrating Google Pay with VGS as a payment gateway, a merchant can have the Google Pay token decrypted, vaulted, and revealed to their PSP securely in compliance with PCI without any heavy lifting on the merchant side. Thus, VGS offers merchants the ability to extract data from a Google Pay payment token and perform business transactions on those tokens while remaining out of PCI scope.

VGS enables customers to vault user-entered payment card data using VGS Collect and route processing to any payment processor/gateway of choice without adding any PCI scope. With the increased demand from our customers to support mobile payment methods, we are introducing the VGS Apple Pay solution. VGS and Apple Pay provides a merchant the ability to extract the data within the Apple Pay Token and route authorization transactions to a processor of choice while remaining out of PCI scope.

VGS is on a mission to protect the world’s sensitive data and at the same time transform data security and compliance from a business obstacle into an opportunity.

Securing sensitive data is the cornerstone on which VGS was built, and as such, we firmly believe in the democratization of tools to help businesses large and small protect their most valuable asset — their data. That’s why we’re excited to share that we have removed all barriers for anyone who would like to use our new and improved cloud Tokenization API, including our dedicated and redesigned application, at no cost.

*This blog is part of an ongoing series of content around our recently released Definitive Guide to Payments Orchestration. If you are interested in what you hear today or other concepts in the series, make sure to pick it up!

Back it Up, Baby

We have all been there. In college, we lost the killer ending of our thesis. At work, we could not find our quarterly results. And right now, we are sure that we went on vacation in 2016, but we cannot remember where – because that was several phones ago. Fortunately, due to the miracle of autosaves, cloud storage, and more, such data loss happens less often than it used to.

It can be tough for the most progressive organizations to keep up with technology these days. The challenge is even harder for governments where politics, deliberation, and bureaucracy rule the day. Standards, norms, and regulation always lag behind the market curve, especially in IT. In the US, for example, there are no comprehensive, consent-based data privacy laws on the national level. Until that changes in the coming years businesses will continue to struggle with uncertainty and technological missteps

The VGS Payments Team is as excited as ever about our mission to secure the world’s payments data and maximize its value for companies around the globe. Those may be lofty objectives, but here at VGS we set ambitious, yet realistic goals - personally and professionally.