Stax

NOVEMBER 14, 2024

There are also risk holds—a routine procedure that most companies experience within the first few weeks of processing with a new merchant services account. The cardholder is responsible for paying back that amount in accordance with their credit card agreement. You also have to be mindful of the costs of credit card processing.

Credit Cards 88

Credit Cards Process Online and Mobile Banking Payment APIs and Integration 88

The Payments Association

FEBRUARY 10, 2025

Strengthening KYC procedures is critical, ensuring that verification extends beyond master account holders to individual vIBAN end users. Heres how PSPs can strengthen their approach: 1) Robust KYC processes PSPs should extend their KYC procedures beyond master account holders to include vIBAN end users.

IBAN 88

IBAN AML Master Account Due Diligence 88

PYMNTS

DECEMBER 20, 2018

Melamed pointed to its vendor agreement as one example: Earlier in 2018, Morgan Stanley reduced the document to one page from twenty, which resulted in startups and Morgan Stanley inking agreements in as short as one week. That compares to the typical three months it took in the past.

FinTech 76

FinTech Agreements Procedures Acquirers 76

Open Banking Excellence

SEPTEMBER 21, 2023

There may be changes to contracts and the liability terms in those agreements as financial institutions, and their suppliers, take ownership of the compliance requirements imposed on them by the DORA legislation. This should include policies, procedures, protocols, and tools needed to protect your organisation’s assets.

FinTech 130

FinTech Compliance Regulations Non-Bank 130

PYMNTS

APRIL 15, 2020

Despite near universal agreement that AI holds the key to decoding numerous medical mysteries, at present one of its most valuable uses is fighting fraud, waste and abuse — FWA in the industry parlance — which threatens to worsen in the near term due to coronavirus-related cybercrime.

AI 101

AI Fraud Detection Procedures Scams 101

PYMNTS

DECEMBER 7, 2020

British exporters will receive additional help from the government in order to take advantage of new free trade agreements and bolster trade after Brexit, as announced on Monday (Dec. 31, at which point there will be new customs procedures and expenses for companies to export into the EU. 7), per a Financial Times report.

Governance 60

Governance Government Agreements Procedures 60

Stax

JANUARY 8, 2024

To establish an effective risk management program as a PayFac, you must establish a dedicated risk management team, utilize the right tools and technology, develop proper risk management policies and procedures, conduct regular risk audits, and stay up-to-date with the latest industry regulations.

Risk Management 88

Risk Management Risk Money Laundering Mitigation 88

PYMNTS

JANUARY 26, 2021

Add in additional features such as backdated and searchable stored image data, or keeping non-disclosure agreements or other types of site-specific waivers up to date, and it's easy to see why the visitor management software industry is estimated to be worth nearly $9 billion a year. Beyond The Front Door.

Posting 116

Posting Automation Best Practices Compliance 116

PYMNTS

DECEMBER 22, 2020

“The bank has already been implementing an extensive enhancement plan to its New York Branch BSA/AML procedures, processes and oversight, which predominantly addresses the requirements of today’s agreement,” Credit Suisse said in a statement , according to Reuters.

Money Laundering 60

Money Laundering Fed BSA AML 60

PYMNTS

JANUARY 13, 2021

Our extended agreement not only provides continuity for the credit unions we serve, it also helps PSCU continue to innovate, as exemplified by our successful early-market launches of contactless and digital issuance,” PSCU President and CEO Chuck Fagan said in the announcement.

Credit Union 69

Credit Union Process Credit Union Service Organization Procedures 69

Segpay

MARCH 4, 2025

These five critical policies include a Content Management Policy & Procedures , a Consumer Age Verification Policy , a Complaint and Content Removal Policy & Procedures , a Third-Party Agreement , and a Chargeback and Fraud Mitigation Policy.

Compliance 40

Compliance Procedures Verification Fraud Prevention 40

PYMNTS

JANUARY 30, 2019

More than 70 percent of clinicians surveyed last year by Cardinal Health said they could recall a time when a physician did not have a product needed for a procedure — when the procedure was already happening. Having the necessary supplies ready to go is critical for healthcare providers to do their jobs.

Procedures 59

Procedures Product Agreements Payments 59

FICO

OCTOBER 26, 2017

This process was completed in February 2014 with an agreement on a common reporting format between IRS and OECD (Organization for Economic Co-operation and Development), FATCA reporting Form 8966. report for every country or one report for all countries and split into packages; SFTP or individual communication procedures).

Compliance 53

Compliance IRS Agreements Audit 53

PYMNTS

JANUARY 22, 2020

When she tried to get a refund, the company engaged her in a lengthy back-and-forth, and eventually told her she had to sign a confidentiality agreement before the refund would come through. Other patients reported similar troubles with their products, some of which even required additional dental procedures to correct. Arthur L.

Procedures 52

Procedures Legal Agreements Product 52

PYMNTS

MARCH 11, 2020

The two firms have inked an expanded multi-site services agreement encapsulating those terms, according to an announcement. To further the use of autonomous mobile robots (AMR) across the country, DHL Supply Chain and Locus Robotics have unveiled an expanded partnership that encompasses 10 new deployments of Locus’ AMR solution this year.

Agreements 52

Agreements Procedures Volume AI 52

PYMNTS

JANUARY 18, 2022

The CEO and CFO of the BitMEX cryptocurrency derivatives exchange announced today that they have reached an agreement to purchase a 268-year-old German bank in order to establish “a one-stop shop for regulated crypto products in Germany, Austria, and Switzerland.”. BitMEX Indictments. BitMEX has had substantial troubles of its own recently.

Money Laundering 67

Money Laundering Procedures Regulations Cryptocurrency 67

PYMNTS

AUGUST 12, 2020

A group of the country’s mayors, the Bolivarian Council of Mayors, has signed onto the government’s “National Tax Harmonization Agreement” that would allow 305 municipalities in the country to pay taxes with the Petro. Vice President Delcy Rodriguez said the new rules would simplify payments.

AI 64

AI Transactions Bitcoin Cryptocurrency 64

PYMNTS

MAY 26, 2016

Agreement Express has seen this happen to a lot of organizations. Getting into the nitty-gritty of implementing an automated underwriting procedure, the Agreement Express guide dives into detail on a number of key elements, including: Statement of Intent. Getting Started. Key Elements of Automating Underwriting.

Underwriting 40

Underwriting Automation Agreements Risk 40

Neopay

DECEMBER 18, 2023

This agreement leaves out a decision on the location of the agency’s seat, a matter that continues to be discussed on a separate track. The agreement entrusts the authority to supervise up to 40 groups and entities in the first selection process. It will also be able to attend reports from employees of national authorities.

Money Laundering 52

Money Laundering Authorization AML Agreements 52

The Payments Association

DECEMBER 16, 2024

At the time of the agreement, the exchange rate is 1 EUR = 1.10 Regularly reviewing payment systems, accounting procedures, and compliance policies can improve speed, cost-efficiency, and accuracy. When paying suppliers in their currency, a weaker domestic currency increases costs, while favourable rate shifts can reduce expenses.

International Payments 88

International Payments Risk Payments Strategy Multi-Currency 88

PYMNTS

APRIL 29, 2019

The agreement comes after Celadon admitted to inflating the value of more than 1,000 used trucks, according to the Justice Department. Its shares were down almost 5 percent by mid-day on Thursday (April 25) after news broke about the agreements. million after filing false financial statements and lying to auditors.

Accounts 43

Accounts Regulatory Compliance Legal Agreements 43

PYMNTS

FEBRUARY 25, 2019

According to the publication, the SEC investigation is focusing on the firm’s accounting policies and internal procedures related to Kraft Heinz procurement and supplier management. According to Reuters, shares fell by up to 28 percent for the firm, while rival companies, including General Mills and Nestle, also saw share declines.

Accounts 43

Accounts Agreements Procedures Mitigation 43

PYMNTS

JANUARY 3, 2020

German lender Commerzbank has completed an agreement with activist investor Petrus Advisers to grow its stake in online lending FinTech Comdirect as it attempts to take over the company and reduce its costs, according to a report by the Financial Times.

FinTech 52

FinTech Procedures SWIFT Legal 52

PYMNTS

AUGUST 28, 2019

Open banking is typically achieved via APIs that allow third-party developers to create tools based on the specific services and information FIs offer, ensuring that they are compatible with other banks’ procedures. And by many measures, it appears that both CUs and members are on board with open banking.

Credit Union 73

Credit Union Instant Payments Non-Bank Near Real-Time 73

PYMNTS

JUNE 25, 2020

.” Disney, however, has directly addressed the union’s concerns in a public statement, noting that it needs to “negotiate agreements with our unions to return employees to work.”. “We have had positive discussions and are very pleased we have signed agreements from 20 union affiliates,” Disney noted.

Agreements 73

Agreements Addressing Procedures Governance 73

PYMNTS

JUNE 1, 2020

The teams of EY will tap into the software technology of GTKonnect, which covers a number of areas with the inclusion of free trade agreements, import/export compliance, country of origin, master data management, foreign trade zones and tariff classification as well as reconciliation.

Reconciliation 52

Reconciliation Procedures AI Automation 52

Payment Savvy

AUGUST 19, 2020

Account Receivables Management is a set of procedures aimed at managing credit sales. Some financial ratios can help in evaluating a company’s receivables procedures and practices. A robust CRM to outlines details concerning agreements, contracts, and contacts of customers. Detecting late payments in a timely fashion.

Accounts 52

Accounts Procedures Credit Risk CRM 52

The Payments Association

OCTOBER 23, 2024

In addition to updating policies and procedures, many firms may need to make significant operational changes, including to their funds flows. These extended and more prescriptive requirements will mean that Payment Firms will need to update and supplement their existing policies and procedures. What does this mean for Payments firms?

Rules 88

Rules Payments Institute Authorization Reconciliation 88

PYMNTS

JANUARY 5, 2018

This includes an incident in 2002, when the DFS’s predecessor agency, the New York State Banking Department, performed an investigation and found that Western Union did not create effective agent monitoring procedures, failed to find suspicious transactions and did not file activity reports of suspicious activities.

Money Laundering 46

Money Laundering AML Laws Wire 46

PYMNTS

MARCH 17, 2020

As Caldeira told PYMNTS, “You need to integrate all these networks together to exchange the messages … nothing else can happen without industry-level agreements.”. However, even with messaging standardization undertaken at country or industry level, there is still a risk that cross-network integration gets done on a peer-to-peer basis.

Cross-Border 91

Cross-Border Innovation Payment APIs and Integration Cross-Border Payments 91

Nanonets

NOVEMBER 14, 2023

It is used when there is a pre-established contract or agreement with the supplier regarding the price of the goods. The self-billing procedure ensures the automatic generation of invoices for goods without the need for the supplier to send them separately. Why Use Self Billing?

Agreements 52

Agreements Disputes Compliance Legal 52

PYMNTS

DECEMBER 4, 2020

The survey revealed elaborate know your customer (KYC) procedures are responsible, with 50 percent of application drop-offs occurring because customers were asked to produce identity documentation. There’s widespread agreement that address verification plays a critical role in the online ordering experience.

Verification 67

Verification Addressing API Procedures 67

PYMNTS

NOVEMBER 29, 2016

For businesses that don’t allow the use of such services or for those with no policy about it, companies need to ensure that their agreements with approved travel vendors — like hotels, which have businesses pledge to use a certain number of room nights at a pre-agreed price — do not fall by the wayside.

On-Demand 66

On-Demand Economy Research Procedures 66

PYMNTS

AUGUST 22, 2019

Most merchants would likely prefer sooner than later, Fields said, because uncertainty can easily lead to fines, bad public relations, and even merchant processors shutting down accounts due to service agreement violations. This spreads like wildfire, and then our phones start ringing,” he said. They are clearly starting to crack down.”.

Product 53

Product Verification Legal Regulations 53

PYMNTS

FEBRUARY 12, 2018

The agency noted that ANZ has since updated its procedures for disclosing fees and other information to its corporate clients. According to the ASIC, many of those users are small businesses, with some cases dating back as early as 2009.

Small Business 46

Small Business Commercial Card Money Laundering Rules 46

Nanonets

SEPTEMBER 14, 2023

However, in many cases, documents, contracts, forms, and agreements may also include signatures that are important for various legal, administrative, or authentication purposes. This authentication process is essential for establishing the legal validity of documents such as contracts, agreements, and legal records.

Legal 52

Legal Authentication Disputes Agreements 52

PYMNTS

JANUARY 16, 2020

As stated in the agreement : “The United States emphasizes trade secret protection. Perhaps key: transfers of technology, or of licenses will be voluntary – and reflect “mutual agreement.”. The language in the agreements notes that at least some timelines to open up Chinese markets are being accelerated.

Agreements 53

Agreements Cross-Border Caps Payments 53