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 104

BNPL Payments Mitigation Best Practices 104

Stax

JANUARY 23, 2025

The primary purpose of merchant account underwriting is to mitigate risks for payment processors and credit card networks. Best Practices for Effective Merchant Underwriting To optimize underwriting processes, payment providers should: Leverage data analytics and AI Use advanced tools to detect risk patterns and improve decision-making.

Underwriting 68

Underwriting PCI DSS Money Laundering Processors 68

Stax

AUGUST 22, 2024

Once these mechanisms are in place, you also need to educate your sub-merchants about fraud and keep them informed about the latest trends in fraudulent activity. It can also help to teach them about best practices they can follow to prevent fraudulent transactions. The due diligence doesn’t stop at onboarding.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

FloQast

NOVEMBER 20, 2023

By pinpointing these high risk areas, organizations can take proactive measures to mitigate them. While the exact factors might vary from company to company, some common areas of focus include the following: The Industry and Regulatory Environment Understanding the industry-specific risks and regulatory requirements is crucial.

Risk Assessment 52

Risk Assessment Audit Assessments Risk 52

M2P Fintech

NOVEMBER 7, 2024

Regulatory Compliance: Helps lenders stay compliant with regulations such as GDPR, PCI DSS, and other financial industry standards, reducing the risk of legal penalties. Risk Mitigation: Strong security protocols help prevent unauthorized access, data leaks, and potential fraud, protecting the institutions reputation and customer trust.

Origination 52

Origination PCI DSS API Underwriting 52

Nanonets

SEPTEMBER 21, 2023

Additionally, educating employees about fraud prevention and creating a culture of ethics and compliance can further mitigate the risk of fraudulent activities. Businesses must stay updated with the latest regulations and ensure adherence to reporting requirements, tax laws, and industry-specific guidelines.

Accounts 52

Accounts Audit Payroll Compliance 52

EBizCharge

JULY 22, 2024

Competitive edge: Investing in innovative technologies and strategies secures a competitive edge and allows for swift adaptation to industry trends. This is why it’s important to adopt strategies for making the best financial decisions. Assessing and managing these risks quickly is paramount in maintaining financial stability.

Risk Assessment 52

Risk Assessment Assessments Risk Finance 52