Personally identifiable information (PII) is any data that could potentially identify a specific individual. PII can be sensitive or non-sensitive. Non-sensitive PII is information that can be transmitted in an unencrypted form.
Financial Crimes Enforcement Network (FinCEN) is a bureau of the United States Department of the Treasury. FinCEN was established in 1990 to safeguard financial systems from abuse by promoting transparency in the U.S. and international financial systems.
Card-not-present (CNP) fraud is the unauthorized use of a payment card to conduct a card-not-present transaction, in which there is no face-to-face contact between purchaser and merchant, and the cardholder cannot or does not physically present the card at the time of the transaction.
Compliance is the act of being in alignment with guidelines, regulations and/or legislation. Organizations must ensure that they are in compliance with software licensing terms set by vendors, for example, as well as regulatory mandates.