EBizCharge

OCTOBER 25, 2023

Now more than ever, businesses are focusing on preventing data breaches and implementing response protocols to mitigate breaches if they occur. 15 best practices to prevent data breaches Since data breaches can cause significant damage, businesses must be diligent and proactive to prevent, address, mitigate, and avoid these threats.

Data Breach 52

Data Breach Best Practices Breach Phishing 52

VISTA InfoSec

APRIL 12, 2024

This process not only hides your real IP address but also enables filtering, monitoring, and logging of internet traffic, adding a robust layer of security and anonymity to your online endeavors. Security Challenges And Best Practices Despite their strengths, proxies face security challenges. 5/5 - (1 vote)

Cybersecurity 130

Cybersecurity Best Practices Encryption Privacy 130

Core

FEBRUARY 6, 2024

The well-being of communities, and society as a whole, hinges on government organizations who provide essential services and address the needs of the public. An Overview of 7 Best Practices Adopting government fraud prevention best practices is instrumental in maintaining the resilience of public systems.

Best Practices 52

Best Practices Government Governance Fraud Prevention 52

Fintech Finance

SEPTEMBER 13, 2024

This comprehensive guideline provides essential insights and best practices for financial institutions (FIs) as they navigate the complex landscape of instant payments. With contributions from industry experts, the guideline aims to help FIs enhance their operational readiness for real-time payments, including RTP® and FedNow®.

Instant Payments 131

Instant Payments Faster Payments FPC Real Time Payments 131

Seon

JUNE 24, 2024

Identity theft presents significant challenges to businesses, making proactive risk mitigation essential for regulatory compliance, trust, asset protection, and operational integrity. Employee training on identity risk management best practices strengthens organizational defenses.

Risk Management 52

Risk Management Mitigation Risk Identity Theft 52

FICO

MARCH 11, 2020

When subscription fraud is not properly identified and addressed, the problem grows. Here are 4 best practices to fight subscription fraud. for loss mitigation, and identifying and quickly exiting FP fraudsters . FICO will present best practices in fighting subscription fraud. by Fernando Lopez.

Best Practices 52

Best Practices Identity Theft Risk Rules 52

VISTA InfoSec

AUGUST 22, 2023

As technology advances and the use of biometric data becomes more prevalent, it is crucial to address the privacy concerns and regulatory compliance associated with this sensitive data. By addressing these issues, organizations can strike a balance between reaping the benefits of biometric technology and protecting individuals’ privacy.

Privacy 130

Privacy Compliance Legal Best Practices 130

VISTA InfoSec

OCTOBER 21, 2024

Change Management: Develop a change management strategy to address any resistance or concerns from your team. To mitigate these risks, it’s essential to implement strong cybersecurity measures during the transition to CCaaS. This can help foster a positive attitude toward the new system and ease the transition.

Cybersecurity 130

Cybersecurity CRM Disaster Recovery Encryption 130

Segpay

JUNE 13, 2024

SMBs also fall victim to cyber criminals, as many lack the resources and knowledge to set up threat mitigation strategies, leaving them vulnerable to attacks. In this post, we’ll discuss the best practices for businesses and customers to secure online payment against cyber attacks. The Travelex ransomware attack. million ransom.

Best Practices 40

Best Practices Processors Transactions Security 40

Fintech News

APRIL 7, 2024

Their comprehensive discussion sheds light on the significance of advanced AI and fraud detection technologies, and the importance of collaborative efforts to mitigate these risks. Economic Ramifications of Deepfake Scams The global impact of impersonation scams can be far-reaching, and expensive.

Deepfake 132

Deepfake Scams Fraud Detection Verification 132

Fintech Review

FEBRUARY 13, 2024

Consumer protection in the digital age isn’t just about enforcing rules; it’s about understanding the evolving risks and being proactive in mitigating them. Regulatory Frameworks Developing adaptable regulatory frameworks is essential in addressing the rapid pace of fintech innovation while ensuring consumer protection.

Consumer Protection 105

Consumer Protection Innovation Consumer FinTech 105

The Payments Association

DECEMBER 16, 2024

In addition to navigating multi-country operations and handling diverse currencies for payments and receipts, they must also address foreign exchange (FX) riskor exchange rate risk. While external factors are harder to control, businesses can mitigate their impact through effective strategies. process inefficiencies).

International Payments 88

International Payments Risk Payments Strategy Multi-Currency 88

BNG Payments

JANUARY 7, 2022

How to Mitigate Credit Card Payment Risks Credit cards are the number one form of payment with businesses today, and with more businesses offering online purchasing each year, the future of credit cards remains bright. You should also hold regular training sessions for your employees, updating them on new security risks and best practices.

Credit Cards 52

Credit Cards Mitigation Risk PCI DSS 52

Fintech News

JUNE 6, 2024

This underscores the need for more robust, multi-layered identity verification solutions that can effectively mitigate the risks of these evolving fraud tactics,” said Frederic. A notable example is the recent US$25 million scam in Hong Kong, where scammers used deepfake technology to impersonate company executives in a video call.

Scams 105

Scams Phishing Deepfake Verification 105

The Payments Association

DECEMBER 9, 2024

Generative AI also addresses training challenges for AI models. Moreover, synthetic data can address issues of data bias, as generative AI can create more balanced datasets that reflect a broader range of scenarios. Likewise, AI-generated speech samples enhance voice recognition, distinguishing genuine users from impersonators.

Privacy 88

Privacy AI Payment Security Security 88

Clearly Payments

FEBRUARY 3, 2024

For merchants, integrating Buy Now, Pay Later (BNPL) into their payment processing systems offers a unique avenue to drive sales, entice new customers, and mitigate certain risks. Risk Mitigation: Since BNPL providers assume the risk of non-payment, merchants are protected from default or chargeback issues, reducing their financial exposure.

BNPL 77

BNPL Payments Mitigation Best Practices 77

VISTA InfoSec

FEBRUARY 16, 2024

It mandates the use of vendor-supplied security patches and secure coding practices for in-house developed applications. These measures help mitigate vulnerabilities that hackers could exploit. a: Verify that software-development processes align with industry standards/best practices. - PCI DSS v3.2.1 PCI DSS v4.0

PCI DSS 100

PCI DSS Procedures Best Practices Verification 100

Stax

AUGUST 22, 2024

Understanding, addressing, and managing them is crucial for maintaining business operations while ensuring safe payment processing for clients. Let’s dive deeper into risk management practices for PayFacs. It can also help to teach them about best practices they can follow to prevent fraudulent transactions.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

Faster Payments Council

SEPTEMBER 12, 2022

In this session, FPC QR Code work group leaders address the call to action for payment industry standards needed for universal acceptance and interoperability of QR codes. RTP) looks like right now, best practices in implementation, and lessons from the market.

FPC 88

FPC Federal Reserve Cross-Border Payments Faster Payments 88

Fintech News

FEBRUARY 20, 2024

Addressing the Digital Divide Through Innovation The digital transformation necessary for ESG reporting is yet another hurdle for MSMEs, many of which are non-digitalised due to constraints in resources and access to affordable technological solutions.

Small Business 105

Small Business Credential Facilitators Verification 105

Clearly Payments

NOVEMBER 18, 2024

This article outlines how to structure your chargeback management team, define roles, implement processes, select the right software, and adhere to best practices. Effective chargeback management mitigates these risks while protecting your bottom line and customer relationships.

PCI DSS 59

PCI DSS Address Verification System (AVS) Disputes Card Network Rules 59

Fi911

MAY 22, 2024

That said, there are some best practices that merchants can deploy to prevent many payment reversals. Address customer complaints and inquiries promptly to resolve potential issues before they escalate. Also, implement fraud detection systems to identify and mitigate suspicious transactions.

Payer 88

Payer Address Verification System (AVS) Disputes Payee 88

Fi911

JULY 8, 2024

Synthetic Fraud Synthetic fraud occurs when criminals create fictitious identities by combining real and fake information, such as using a real Social Security Number with a fake name and address. Merchants must combine technology, vigilance, and best practices as part of a broad, multilayered strategy.

Account Takeovers 93

Account Takeovers Fraud Detection Phishing Fraud Prevention 93

Nanonets

MAY 31, 2023

AI can help mitigate these issues. This empowers finance professionals to make informed decisions about budgeting, cash flow management, investment opportunities, and risk mitigation. Communicate the benefits of AI adoption to your finance team and address any concerns or resistance well ahead of the integration.

AI 122

AI Finance Fraud Detection Mitigation 122

VISTA InfoSec

OCTOBER 21, 2024

This article explores the most common cyber security threats targeting SMEs, practical measures to mitigate risks, and essential steps to take in the event of an attack. Regular sessions should be scheduled to reinforce learning, ideally on a quarterly basis, to keep staff updated on the latest threats and best practices.

Security 130

Security Phishing Ransomware Risk Assessment 130

Clearly Payments

JANUARY 8, 2024

By identifying potential vulnerabilities, merchants can take targeted actions to mitigate risks before they escalate. Chargeback Management Best Practices Chargebacks pose a significant challenge for merchants, impacting both financial stability and reputation. Read this article on what is a good chargeback rate.

Risk Management 67

Risk Management Risk PCI DSS Process 67

Fintech News

MAY 20, 2024

The webinar will address the underutilization of transactional data by banks and its potential to drive customer engagement, increase customer lifetime value, and enhance business impact. Pedro Martinez and Megan Shamas will explore best practices and real-world examples for implementing passkeys and strong customer authentication (SCA).

FinTech 133

FinTech Embedded Finance BNPL AI 133

The Fintech Times

MAY 15, 2024

This lack of transparency means it can be hard to identify and address potential biases or security risks. If companies cannot explain how their generative AI systems work or how they have reached their conclusions, it can raise concerns about accountability and make it difficult to identify and address other potential risks.

Cybersecurity 72

Cybersecurity AI Government Governance 72

Fintech News

FEBRUARY 15, 2024

The fear of fraud is a significant barrier, with nearly four in ten SMEs prioritising data security to mitigate these risks. The report’s findings underscore the need for a holistic approach to addressing these challenges, focusing on enhancing the efficiency, security, and transparency of payment processes.

Cross-Border 106

Cross-Border Cross-Border Payments Visa Payments 106

PYMNTS

FEBRUARY 20, 2019

19), Mastercard announced the launch of its Cybersecurity Toolkit for SMBs, an online resource developed in partnership with the Global Cyber Alliance (GCA) that provides entrepreneurs and business executives with guidance and tools to address the threat of cyberattacks on their companies. In a press release on Tuesday (Feb.

Cybersecurity 56

Cybersecurity Visa Data Breach Small Business 56

The Fintech Times

APRIL 15, 2024

Cybersecurity in digital commerce: Addressing critical cybersecurity issues, understanding the latest threats, risk mitigation strategies, and best practices to safeguard businesses and customers in an interconnected world.

Risk Mitigation 59

Risk Mitigation Cybersecurity Best Practices Mitigation 59

Stax

JANUARY 8, 2024

Common risk management strategies for PayFacs include proper merchant vetting and onboarding, transaction monitoring and fraud prevention, chargeback mitigation, KYC/AML compliance, and data breach prevention. You should also have contingency plans or initiatives in place to mitigate the impact of a risk.

Risk Management 88

Risk Management Risk Money Laundering Mitigation 88

PYMNTS

SEPTEMBER 8, 2020

The result is a slew of unstructured data coming in from a variety of sources; financial service providers must try to make sense of it in order to maintain regulatory compliance and mitigate the risk of fraud. Middesk aims to help these firms streamline and digitize this process. On Tuesday (Sept.

FinTech 79

FinTech Compliance On-Demand Mitigation 79

Fintech News

JULY 17, 2024

This decrease suggests that the anti-money laundering (AML) programmes of centralised exchanges are becoming more effective at detecting and mitigating laundering activity. In 2024, the top 100 bitcoin consolidation wallets received £968 million worth of bitcoin from over 14,970 distinct addresses.

Money Laundering 106

Money Laundering Law Enforcement AML Non-Bank 106

Innovative Payments Association

SEPTEMBER 5, 2024

To mitigate these risks and ensure proper oversight of third-party relationships, it is crucial for organizations to go beyond traditional due diligence and establish a comprehensive third-party oversight framework. While these relationships can bring numerous benefits, they also come with inherent risks.

Boot Camp 52

Boot Camp Due Diligence Third Party Vendors Compliance 52

Fintech News

JANUARY 31, 2024

In an era of disruption where technology has levelled the playing field in some areas and created unfair advantages in others, there is pressure on businesses to capitalise on new opportunities while mitigating emerging threats. More information on the SMU MITB programme can be found here.

On-Demand 109

On-Demand Best Practices Technology Enrollments 109

PYMNTS

SEPTEMBER 27, 2019

But as lawmakers consider updates to the proposed Payments Modernization Act of 2019 to address these concerns, other witnesses similarly voiced their recommendations and warnings as the Federal Reserve moves forward. “That seems like a lifetime in this business,” said Congressman French Hill of Arkansas. Competition and Interoperability.

Real Time Payments 69

Real Time Payments Fed Federal Reserve FedNow 69