PYMNTS

JANUARY 24, 2019

procurement professionals identifying supplier due diligence, internal compliance training, social governance efforts and continued vendor monitoring as the biggest concerns. ” Organizations must do more with less, and they must do it quickly, he continued. .”

Compliance 76

Compliance Due Diligence Risk Mitigation Risk 76

PYMNTS

JUNE 25, 2020

With the global pandemic tossing many organizations into a digitization crash-course, business continuity has remained top of mind for the C-suite. It will continue to be a focus, too, as businesses gradually reopen and as employees begin to return to the office. Mitigating Risk. Asking the Right Questions.

Mitigation 60

Mitigation Risk Mitigation Treasury Risk 60

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 76

BNPL Payments Mitigation Best Practices 76

Seon

MARCH 20, 2024

Digital footprint monitoring plays a crucial role in identifying and mitigating such schemes, enabling a proactive approach to fraud prevention. While blackbox ML can deliver rapid fraud scores, its opaque nature offers little insight into the decision-making process, making refining or adjusting risk thresholds challenging.

Fraud Prevention 98

Fraud Prevention Assessments Phishing Mitigation 98

The Fintech Times

AUGUST 21, 2024

As the real estate industry continues to embrace digital transformation, proptech innovations are playing a crucial role in helping property owners maximise profits and control expenses. “The ability to automate rate adjustments based on inventory, special events, and seasons makes setting competitive pricing effortless.

Risk Mitigation 72

Risk Mitigation Payment APIs and Integration Mitigation Automation 72

Nanonets

DECEMBER 13, 2023

#1: Increased Accuracy and Reduced Errors AI in insurance claims processing plays a pivotal role in enhancing accuracy and reducing errors by automating various tasks and mitigating the risks associated with manual processes. This includes addressing areas lacking expertise and implementing strategies to mitigate potential challenges. #6:

AI 102

AI Process Fraud Detection Compliance 102

PYMNTS

DECEMBER 30, 2020

The banking industry is hardly exempt from the disruption as social distancing and stay-at-home orders have all but emptied physical bank branches to mitigate potential contagion. In-branch operations will also likely need to be adjusted to account for the new post-pandemic paradigm. . Lessons To Take Moving Forward .

Online and Mobile Banking 96

Online and Mobile Banking Void Mobile Banking On-Demand 96

Segpay

FEBRUARY 21, 2024

Risk Monitoring The integration of generative AI in KYC also facilitates continuous monitoring of customer behavior, allowing PSPs to adapt to evolving risks dynamically. This proactive approach enables organizations to detect and mitigate potential security breaches before they escalate, significantly enhancing overall cybersecurity.

AI 89

AI Innovation Fraud Detection Encryption 89

FloQast

MARCH 13, 2024

Delayed Detection of Discrepancies : The lack of automation leads to delayed detection of discrepancies, leaving accounting teams vulnerable to last-minute adjustments and incomplete reconciliations. Without automated matching processes, accounting teams are susceptible to inaccuracies that could have severe financial implications.

Reconciliation 74

Reconciliation Automation Compliance Mitigation 74

The Payments Association

OCTOBER 28, 2024

Payment leaders must focus on fraud prevention, collaboration with tech and telecom sectors, and public education to mitigate future risks. In the world of digital payments, fraud is an ever-present threat that continues to evolve, creating serious risks for both businesses and consumers. What’s next?

Scams 88

Scams Push-to-Card Fraud Detection Online and Mobile Banking 88

The Fintech Times

JULY 31, 2024

“One of the most meaningful ways we protect our customers and their homes is to work with them to understand and mitigate risk,” said Rebecca L. ” ZestyAI models enable carriers to adjust inputs based on customer mitigation actions, leading to dynamic risk score updates.

Risk 59

Risk AI Risk Assessment Assessments 59

PYMNTS

MARCH 23, 2020

” SMB loan underwriting is complex, and with greater opportunity to wield alternative data to mitigate risk, lenders can also face the challenge of understanding how to collect information, how much weight to give it, and how to analyze that data in the context of broader economic trends. From Bank Accounts To LinkedIn Profiles.

Underwriting 75

Underwriting Risk Assessment Risk Mitigation Mitigation 75

PYMNTS

MAY 23, 2017

My schedule is carefully planned and prioritized, although I must be agile to adjust the course and adapt my schedule to unpredicted opportunities. Continually innovating to stay ahead of what our customers want comes from managing risk, and this is one of the most difficult and one of the most rewarding parts of my job.

Innovation 76

Innovation Cross-Border Payments Mitigation 76

PYMNTS

APRIL 22, 2020

Insurance providers are taking action to mitigate such problems and keep their operations and customers safe from fraud, however. Insurance companies have set up some capabilities to help users process claims quickly and with fewer interactions with adjusters, and they may have been successful in that regard.

AI 80

AI Fraud Prevention Adjustments Automation 80

PYMNTS

OCTOBER 28, 2020

Traditional retailers scrambled to adjust to a digital-only world. EBA has been proactive in this regard in putting forward guidance to financial service firms on mitigating risk concentration with cloud infrastructure in the European market. A Permanent Shift for Payments.

Technology 73

Technology Economy On-Demand Real Time Payments 73

PYMNTS

AUGUST 31, 2020

As companies adjust their business models and prioritize risk mitigation, the corporate treasury offers a valuable, forward-looking view into financial futures. Speaking with PYMNTS, Turner described the biggest challenges and opportunities that today's corporate treasurers face as expectations for the profession continue to climb.

Treasury 74

Treasury Treasury Management Risk Mitigation Mitigation 74

PYMNTS

JULY 22, 2020

As real-time payment infrastructure grows more sophisticated, technology presents an opportunity for organizations to mitigate the adoption hurdle. When it comes to changes to payment processes, it’s not the technology that’s holding entities back, it’s the friction of adjusting to new ways of working.

Real Time Payments 90

Real Time Payments FedNow Payments Faster Payments 90

PYMNTS

MAY 25, 2020

In a black swan event such as the pandemic, ensuring business continues to flow not only means mitigating volatility of today. The data stemming from that technology will continue to be vital to guiding supply chain professionals through the volatility, but industry experts are warning against knee-jerk reactions.

Adjustments 57

Adjustments B2B Product Mitigation 57

PYMNTS

APRIL 16, 2020

Businesses continue to make tough decisions to cope with volatility fueled by the coronavirus pandemic. However, Tipalti Co-founder and CEO Chen Amit said he’s noticed more businesses taking the leap into accounts payable (AP) automation to mitigate the friction that comes with a remote workforce and cash flow pressures.

Finance 75

Finance Automation Lockbox Checks 75

PYMNTS

APRIL 13, 2020

While the technology may remain unfamiliar to many legacy players and regulators in the financial market, blockchain can be a useful solution in streamlining the invoice finance process for small businesses that continue to wait longer for their invoices to be paid. Accelerating Cash Flow.

Finance 62

Finance Small Business Blockchain Assessments 62

PYMNTS

JULY 15, 2020

Gary Cantrell , deputy IG, Department of Health and Human Services’ Office of Investigations (OI), told CBS, “One of our most important missions is to mitigate that vulnerability as quickly as possible. And that means communicating with those individuals who oversee the systems.”

Data Breach 58

Data Breach CCPA Social Security Breach 58

PYMNTS

MAY 11, 2020

In the subscription business, said Clark, continuing to serve a customer’s need — as opposed to satisfying a transient want — is what retains customers over the long haul and substantiates higher acquisition costs. Why Need Is Subscription Commerce’s New North Star. If I don’t need it, how much do I really want it? “We’re

Consumer 91

Consumer Gateways On-Demand Mitigation 91

Nanonets

MAY 21, 2024

Effective Account Reconciliation promotes compliance with regulatory requirements and accounting standards, mitigating the risk of penalties and legal consequences. Make Adjustments: Record missing transactions and correct errors for accurate balances. Document Process: Maintain detailed records of steps, findings, and adjustments.

Best Practices 52

Best Practices Reconciliation Accounts Payment APIs and Integration 52

PYMNTS

MAY 6, 2020

As the first round of deposits for fall semesters fast approaches, how will the higher education system adjust its pricing strategies, maintain affordability for struggling families and promote its own cash flow viability (that is sure to be disrupted by changing billing structures and lower enrollment rates)? ”

Enrollments 64

Enrollments Cost Structure Adjustments Returns 64

PYMNTS

NOVEMBER 17, 2020

Speaking with PYMNTS, Miller described where the most detrimental breakdowns in the PPE supply chain occurred, and outlined the ways in which a digital-first B2B eCommerce model mitigate those pain points as COVID-19 cases surge across the U.S. once again. Know Your Supplier.

On-Demand 94

On-Demand Fincen B2B Addressing 94

PYMNTS

MAY 6, 2020

As the first round of deposits for fall semesters fast approaches, how will the higher education system adjust its pricing strategies, maintain affordability for struggling families and promote its own cash flow viability (that is sure to be disrupted by changing billing structures and lower enrollment rates)? ”

Enrollments 63

Enrollments Cost Structure Adjustments Returns 63

PYMNTS

JULY 17, 2020

Although parents are largely still working from home, their need for childcare remains intact — and with many childcare centers still unable to fully open due to social distancing requirements, this industry has faced its own unique challenges to ensure business continuity without compromising quality of care. ” .

Payroll 64

Payroll Direct Deposit Automation Contactless Payments 64

The Fintech Times

MAY 16, 2024

As new payment technologies continue to emerge and fraud tactics evolve, there is a growing recognition of the need for regulatory adjustments to effectively combat these challenges.

Fraud Prevention 64

Fraud Prevention Fraud Detection Payments Regulations 64

Clearly Payments

JANUARY 8, 2024

By identifying potential vulnerabilities, merchants can take targeted actions to mitigate risks before they escalate. Staying informed about emerging fraud trends is equally important, as fraudsters continually refine their tactics. To effectively manage these risks, merchants can adopt various mitigation strategies.

Risk Management 66

Risk Management Risk PCI DSS Process 66

PYMNTS

APRIL 6, 2016

“In addition, we continued to make good progress in the quarter in reducing costs and establishing more efficient working practices, which contributed to overall adjusted earnings growth. That translates into 233 million prescriptions and immunizations filled or administered over adjusted 30-day periods within the quarter — 3.9

Adjustments 40

Adjustments Mitigation Continuity 40

Nanonets

APRIL 24, 2024

Through this meticulous process, businesses can mitigate the risk of errors, fraud, and legal complications, thus safeguarding their financial health and compliance.   Continuous Monitoring : Reconciliation audits may be conducted periodically to monitor ongoing compliance and assess the effectiveness of implemented controls.

Reconciliation 52

Reconciliation Audit Procedures Correspondent 52

PYMNTS

DECEMBER 29, 2020

The pandemic has enlightened many AR and AP teams to this need for change as professionals struggle to continue their outdated methods in a remote work setting, said Cyphers. “We One of the biggest challenges today is mitigating the threat of fraud while B2B payment workflows operate remotely.

B2B 82

B2B Real Time Payments Payments Instant Payments 82

PYMNTS

OCTOBER 29, 2018

Since FIs are unfamiliar with these emerging transaction activities, it becomes challenging for them to adjust their cyberattack detection and prevention strategies. The risk of attack can be mitigated by following a sound API architectural approach, one that integrates security requirements and tools into the API itself.

Security 76

Security Payment APIs and Integration API Authentication 76

PYMNTS

APRIL 9, 2020

However, an organization can still prepare itself to mitigate the impact of the potential disaster by having dedicated teams and services in place to see it through the tough times. However, when talking with my own leadership team and addressing my organization as a whole, I like to adjust the saying to “preparation is 9/10 of the law.”

Laws 63

Laws Mitigation Adjustments Technology 63

Neopay

MARCH 22, 2024

It gives the introduction of the Consumer Duty as an example, highlighting that this has prompted firms to adjust savings rates and fees, signalling a shift towards higher consumer protection standards. As the FCA continues its work, it reinforces its role as a regulator focused on results, assertiveness, and data usage.

Consumer Protection 52

Consumer Protection Regulatory Compliance Compliance Regulations 52

PYMNTS

APRIL 29, 2019

.” Internal controls and employee education are essential to mitigating this risk, and boosting oversight. ” Finally, he said, ransomware is another massive threat that continues to grow, particularly as attackers adjust their tactics from single, large targets to many smaller hauls. .” ” Taking Action.

Cybersecurity 74

Cybersecurity Ransomware Data Breach Non-Bank 74

PYMNTS

APRIL 22, 2019

That change, he continued, is largely why WesPay and 10 other payment associations formed the Center for Payments , an initiative aimed at providing the payments ecosystem with market intelligence and guidance as innovation continues to disrupt the market.

Faster Payments 63

Faster Payments Center for Payments Real Time Payments Payments 63