Fintech News
OCTOBER 31, 2024
It’s also registered with the US Financial Crimes Enforcement Network (FinCEN). From API to no-code integration, the company’s frictionless, white-label payment solutions are designed to blend smoothly into existing business operations, all while upholding the highest standards of security and compliance.
Payments Source
JULY 4, 2016
As we approach the midpoint of 2016, two of the most pressing matters in the payments industry have become more acute—the push for greater transparency and accountability in merchant acquiring and processing.
Segpay
DECEMBER 22, 2023
In addition, most banks will not allow merchant information to be an image, it must be written out in text form so that it can be picked up by the different website crawler technology that acquirers and the card brands use. Acquirers don’t love lifetime memberships because they are a big credit risk for them. Starting in 2024, U.S.
PYMNTS
JULY 7, 2020
On Tuesday (July 7), the Financial Crimes Enforcement Network (FinCEN) issued an advisory to enhance efforts by FIs to stop suspected illegal activity. Money mule schemes, where someone transfers illegally acquired cash at the direction of another person, span the spectrum of using unwitting, witting or complicit money mules.
PYMNTS
JANUARY 28, 2021
It’s one of many such warning to come from FinCEN and other financial watchdogs as the digital-first era dawns, awash in promise but hounded by cybercrooks. For FIs that want to acquire new customers digitally, first and foremost they need to have an account opening/onboarding process that is quick and seamless.
PYMNTS
FEBRUARY 18, 2019
too has been a target for real estate money laundering and to combat that FinCEN, the U.S. Money laundering through real estate is about $1.6 trillion a year, reported Mansion Global, citing data from Accuity, a global risk and compliance company.
PYMNTS
DECEMBER 28, 2018
It was also a busy year for banking technology provider Avoka, which announced it reached an agreement to be acquired by Temenos only weeks ago. Avoka CMO Don Bergal told PYMNTS what global markets can expect in 2019 in terms of bank KYC happenings. See what Bergal had to say below. The Big KYC Trend From 2018.
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