Securing payment systems: The role of encryption, tokenization, and real-time fraud detection

Kushwah, Lokendra Singh (2025) Securing payment systems: The role of encryption, tokenization, and real-time fraud detection. Global Journal of Engineering and Technology Advances, 23 (1). 050-057. ISSN 2582-5003

Payment security has become paramount in the modern digital economy as financial institutions navigate an increasingly complex threat landscape. The integration of advanced encryption standards, tokenization technologies, and real-time fraud detection systems forms the cornerstone of contemporary payment protection strategies. Financial organizations are rapidly adopting sophisticated security measures, including quantum-resistant protocols and artificial intelligence-driven solutions, to safeguard against evolving cyber threats. The implementation of multi-layered security architectures, combined with automated compliance monitoring and robust change management processes, has significantly enhanced the industry's ability to prevent and detect fraudulent activities. The emergence of cloud-native security solutions and zero-trust architectures has transformed how payment systems handle sensitive data, while the adoption of machine learning and natural language processing has revolutionized transaction monitoring capabilities. These technological advancements, coupled with comprehensive security awareness programs and regulatory compliance frameworks, have established new standards for protecting digital payment ecosystems across global markets.