The Fintech Times

JUNE 20, 2024

As organisations rely on third-party vendors for various services like cloud computing, payment processing or customer service, these external relationships can introduce vulnerabilities if proper oversight and due diligence aren’t conducted.

Risk 59

Risk Cybersecurity Data Breach Ransomware 59

PYMNTS

APRIL 11, 2016

The company focuses on mitigating supplier and vendor risk for financial institutions by assessing how secure those suppliers and vendors operate online. Traditionally, banks assess third-party vendor risk simply be sending out an email, or even an Excel spreadsheet, to all its partners.

Third Party Vendors 40

Third Party Vendors Assessments Mitigation Risk 40

PYMNTS

APRIL 10, 2017

New York rules for banks and insurers include stipulations that firms must scrutinize all third-party vendors that provide them goods and services. They must also perform risk assessments in order to design a cybersecurity program particular to them.

Cybersecurity 44

Cybersecurity Regulations Third Party Vendors Risk Assessment 44

PYMNTS

NOVEMBER 15, 2016

The first step is to assess a business’ risk, whether it be environmental or whether a threat stems from business resources, like equipment failures or a disruption in the supply chain. Assessing risk involves examining these threats, as well as identifying vulnerabilities within an organization.

Security 76

Security Cybersecurity Small Business Third Party Vendors 76

PYMNTS

AUGUST 26, 2016

The CFPB fine comes separate from the $3 million fine for unfair billing practices that the Office of the Comptroller of Currency has assessed on the bank. 25) in a written statement, while also noting that many of the services the CFPB took issue with had been offered through a third-party vendor with whom they have since severed ties.

CFPB 40

CFPB Credit Cards Third Party Vendors Push-to-Card 40

PYMNTS

AUGUST 4, 2017

Typical advice from top security officials can range from being careful with third-party vendors to giving consumers more control over their own data. As such, each business will need to conduct a thorough assessment of its security systems.

Posting 44

Posting Consumer Data Breach Third Party Vendors 44

PYMNTS

MARCH 6, 2017

While hackers got into the POS systems through a faulty firewall or third-party vendor, once in they were able to install malware that located unencrypted credit card information — which was then sent to remote servers, packaged and resold on the black market. PCI P2PE Scope Reduction and Assessments.

Data Breach 47

Data Breach Third Party Vendors Encryption Identity Theft 47

Core

MARCH 19, 2024

3 Prevalent Types of Government Payment Fraud Government fraud detection and prevention begins with understanding the primary ways in which payment fraud occurs: vendor payments, payroll, and procurement.

Fraud Detection 52

Fraud Detection Governance Government Compliance 52

PYMNTS

MAY 15, 2017

With the changing roles and demands tied to security, she said, efforts are going well beyond the questionnaires sent out to third-party vendors querying about the controls that they may have in place — in effect “going from ‘trust’ to ‘verify,’” as she put it, with even on-site, independent assessments an increasing occurrence.

Cybersecurity 43

Cybersecurity Risk Disaster Recovery Risk Management 43

PYMNTS

AUGUST 20, 2018

According to Bloomberg, citing people familiar with the situation, Zelle is in the process of enhancing its risk assessment tools in effort to make it safe for people to pay small businesses via the app. The peer-to-peer (P2P) payments app, Zelle , is contemplating an expansion beyond enabling payments between family and friends.

FBI 40

FBI Zelle ATM Credit Cards 40

Nanonets

MARCH 22, 2023

Organizations dealing with sensitive financial data may be hesitant to use a third-party vendor for their AP processes. This can help assess the risk involved and the safety measures in place to prevent security breaches. Hence they might want to consider AP Automation instead.

Accounts 52

Accounts Duplicate Automation Privacy 52

PYMNTS

JUNE 16, 2016

Therefore, many retailers are turning to third-party providers to support payment and fraud management instead. With that, Byrnes said that merchants must assess the increased risk and shopping friction accordingly, while also being aware of the growing threat of the fast fraud associated with the consumer demand for digital goods.

Third Party Vendors 40

Third Party Vendors Risk Fraud Detection Fraud Prevention 40

PYMNTS

AUGUST 20, 2018

According to Bloomberg, citing people familiar with the situation, reports Zelle is in the process of enhancing its risk assessment tools as part of the effort to make it safe for people to pay small businesses via the app. There is no set release date for the new functionality – according to reports.

FBI 40

FBI Zelle Credit Cards ATM 40

Nanonets

MAY 31, 2023

The operation of any business hinges on the procurement of essential goods and services from third party vendors.  While Continuous assessment: Even after installation and running procurement automation tools, constant appraisals of the software’s performance would help optimize the system and avoid errors.

Process 52

Process Automation Product Compliance 52

FICO

AUGUST 4, 2020

Traditionally the vendor security risk assessment process has involved a manual and cumbersome spreadsheet-and-email system that is typically slow, labour-intensive, and potentially inaccurate. Especially, for large organizations with many vendors and partners.

Risk 52

Risk Third Party Vendors Risk Assessment Security 52

PYMNTS

APRIL 18, 2017

Said Hudson, smaller firms with smaller staffs and perhaps just a single dedicated cyber risk professional, or with one or two parties with significant oversight of payments processes, can be at greater risk for fraud. At a minimum, you need [cyber]insurance,” along with monitoring of third party vendors.

Cybersecurity 66

Cybersecurity Third Party Vendors Breach Regulations 66

Clearly Payments

SEPTEMBER 13, 2024

This includes the cost of developers, consultants, or third-party vendors who specialize in payment integrations. If you’re unsure, Clearly Payments offers consulting services to help you assess your specific needs. ERP, e-commerce platforms) can be significant.

Payment APIs and Integration 104

Payment APIs and Integration Multi-Currency Payments Gateways 104

Nanonets

SEPTEMBER 22, 2023

In today's competitive business landscape, optimizing operations and effectively managing relationships with external vendors are key priorities for any organization.  Furthermore, the use of vendor management solutions enables organizations to leverage data for informed decision-making.

Automation 52

Automation Compliance Risk Process 52

Fintech Labs Insights

JULY 22, 2015

Fueled by a strong, open API strategy, Backbase’s platform gives FI’s the ultimate freedom and flexibility to work with any core and third party vendor, to create a best-of-breed digital banking offering for their clients. Backbase will talk about its Digital Banking Platform and its Open Banking Marketplace.

Payment APIs and Integration 29

Payment APIs and Integration Online and Mobile Banking API Non-Bank 29

CB Insights

MARCH 2, 2018

As of February 26, Amazon will begin Fulfillment By Amazon (FBA) service for third-party vendors, and will potentially ship its private-label Amazon Essentials brand in the future. WeLab runs a mobile app that analyzes users’ phone habits to assess creditworthiness. Mobile Commerce: 2. Internet Software & Services: 2.

On-Demand 68

On-Demand Acquirers Product Continuity 68