Bank Automation

SEPTEMBER 3, 2024

Chase customers claimed to have identified a glitch in Chase ATMs during Labor Day weekend, allowing them to deposit false checks and withdraw large sums of cash from accounts potentially without the funds to cover the withdrawals. This past weekend, Chase clients took to TikTok to share “the glitch” in the $3.8

Checks 81

Checks ATM Automation Accounts 81

Fintech Finance

OCTOBER 9, 2024

and CBI joins their IBAN-Name Check expertise at the service of their respective communities in order to offer an interoperable solution to fight against fraud. The IBAN Name Check – VoP Service, is designed to ensure that IBAN codes are correctly matched with the names of beneficiaries before payments are processed. SEPAmail.eu

IBAN 105

IBAN Interoperability Payee Verification 105

National Processing

JULY 26, 2024

National Processing Check 21 vs ACH: Key Differences and Which One Fits Your Business A merchant or business trying to decide the best electronic payment processing system may be interested in the differences between Check 21 and ACH.

Check 21 88

Check 21 ACH Checks Electronic Payment Processing 88

Fintech Finance

SEPTEMBER 17, 2024

Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, announced that Affirm is now available to eligible users checking out online and in-app with Apple Pay on iPhone and iPad. After choosing Affirm, they will go through a quick eligibility check that will not impact their credit score.

Checks 94

Checks Payment Networks Authentication Privacy 94

Payments Dive

APRIL 24, 2023

Card, ACH and check payment values climbed from 2018 to 2021, as cash was left behind, according to the Federal Reserve’s noncash payments study.

ACH 194

ACH Federal Reserve Fed Payments 194

Payments Dive

SEPTEMBER 4, 2024

Some customers deposited bad checks and immediately withdrew funds before the checks bounced in a glitch that went viral on TikTok. Now, some users have holds on their accounts.

Checks 147

Checks Accounts 147

Payments Dive

MAY 29, 2024

Roughly 72% of consumers say they swipe, dip or tap a debit card at the point of sale, a larger portion than credit cards, checks and digital wallets, according to a consumer survey by research firm J.D.

Debit Card 174

Debit Card Credit Cards Checks Research 174

Payments Dive

SEPTEMBER 14, 2023

The run-up in labor costs at Fidelity National Information Services has eased, and the paytech services company is eyeing AI to keep them in check.

AI 167

AI Checks 167

VISTA InfoSec

MAY 24, 2024

It is done to check whether only allowed data traffic is allowed between the card and the card and non-card data networks. It is done to check if the card data is secure and there are no data leakages. Note: If you are a Service Provider then it will be done twice every six months under Requirement 11.3.4.1. of PCI DSS. of PCI DSS.

PCI DSS 240

PCI DSS Small Business Assessments Compliance 240

Payments Dive

SEPTEMBER 25, 2023

Quick Checkout for Adobe Commerce powered by Bolt helps merchants streamline the checkout process and allows shoppers to check out with one click.

Checks 158

Checks Process 158

Fintech News

OCTOBER 28, 2024

By enabling transactions to pass necessary checks before proceeding, Mandala offers a streamlined approach to international payments, ensuring they remain compliant while improving efficiency. It enhances transparency and provides real-time reporting and monitoring capabilities for regulatory bodies.

Cross-Border 127

Cross-Border Compliance Cross-Border Payments Automation 127

Stax

JULY 9, 2024

From a consumer’s perspective, that means any transaction that doesn’t need a physical credit card, debit card, prepaid cards, or checks. Digital payments feature a multitude of benefits including: Digital payments streamline transactions by eliminating the need for physical handling of cash or checks.

Digital Payments 163

Digital Payments Online and Mobile Banking Contactless Payments Payments 163

VISTA InfoSec

MARCH 5, 2024

Suggests observing login attempts on random systems as a check. Specific checks about use of visitor badges in the cardholder data environment. Same principle but adapted to check procedures across the CDE. Streamlined approach: document review to see if procedures exist, plus an interview check on backup site security.

PCI DSS 147

PCI DSS Procedures Assessments Checks 147

Finextra

JUNE 18, 2024

Bank-to-bank payment messaging network Swift is working to facilitate interoperability of Verifcation of Payee schemes across Europe as new research shows that 83% of SMEs across France, Germany, Italy and Spain rank upfront beneficiary checks as important to them in trading across borders.

SWIFT 132

SWIFT Payee Interoperability Payment Message 132

Finextra

OCTOBER 22, 2024

On the second day of Sibos, Benedicte Nolens, centre head of the BIS Innovation Hub moderated the session ‘Reality check: How far have CBDCs come?’, and the speakers outlined how central bank digital currencies (CBDCs) are in various processes of development in their countries.

CBDC 130

CBDC Digital Currency Central Bank Checks 130

Stax

DECEMBER 12, 2024

To choose a merchant service provider, compare pricing structures, review contract terms, check system compatibility, and prioritize responsive customer support. Check its scalability and security capabilities too to support your future growth. Check processing. It can also help minimize errors and risks of bounced checks.

Small Business 88

Small Business Online and Mobile Banking Volume Checks 88

VISTA InfoSec

JULY 17, 2024

Then, check everything again. Outline regular audit processes to check compliance with these policies. Next, make checking for dangers a regular part of everyone’s job , not just the IT department’s work. Use experts who know both languages well and understand cybersecurity inside out.

Cybersecurity 231

Cybersecurity Compliance Encryption Best Practices 231

Fintech Finance

OCTOBER 31, 2024

Today, the Payment Systems Regulator (PSR ), marks another significant milestone in its fight to tackle fraud, as hundreds of additional financial firms adopt the name-checking service, Confirmation of Payee (CoP). billion checks have been completed. Since its launch in 2020, more than 2.5

Payee 98

Payee Fraud Prevention Rules Checks 98

The Fintech Times

FEBRUARY 21, 2024

But when it comes to application and onboarding, they must be sure those protections, fraud checks and identity proofing are appropriate, proportionate and time-efficient to reduce the chance of dropouts.” Almost one in five will abandon an application if the checks are too difficult or take too long.

Consumer 122

Consumer Security Identity Theft Account Takeovers 122

Nanonets

APRIL 30, 2024

QuickBooks offers a range of contractor payment options, but the base QuickBooks Online platform lets users quickly pay contractors via direct deposit and check. After filling in all details, hit 'Save' Paying Contractors via Check If your contractor is local or prefers paper checks, doing so is easy in QuickBooks Online.

Direct Deposit 98

Direct Deposit Payroll Checks Cross-Border 98

Electronic Payments Coalition

MARCH 11, 2024

Below are fact-checks that set the record straight about the harm caused by credit card routing mandates. The post A Guide to Meeting with the National Association of Convenience Stores (NACS) This Week appeared first on Electronic Payments Coalition.

Credit Cards 119

Credit Cards Checks Posting Payments 119

VISTA InfoSec

APRIL 5, 2024

But by doing regular check-ins, establishing key performance indicators (KPIs), and using project management software can ensure focus even if employees aren’t together in an office. The setup also enables flexibility to accomplish tasks whenever and wherever, as long as they finish the job.

Best Practices 278

Best Practices Business Continuity Continuity Compromise 278

BlueSnap

MARCH 15, 2024

Check your offerings against this complete list. Does your eCommerce business have enough payment methods to satisfy everyone? The post BlueSnap’s Ultimate List of Digital Payment Methods for Global Businesses appeared first on BlueSnap.

Digital Payments 104

Digital Payments Payments Checks Posting 104

Finextra

SEPTEMBER 3, 2024

Three men have pleaded guilty to operating a subscription-based Web service in the UK that enabled criminals to circumvent One-Time-Passcode (OTP) anti-fraud checks.

Scams 101

Scams Checks 101

VISTA InfoSec

MAY 12, 2024

Check POS Machines for Tampering One common tactic employed by data thieves is to attach data skimming devices onto legitimate POS hardware. While it’s still technically possible to process traditional swipe cards, malicious parties have found it easy to circumvent their security, which makes accepting them a clear risk.

PCI DSS 276

PCI DSS Security Compromise Best Practices 276

TechCrunch Fintech

MAY 29, 2024

Owners of small- and medium-sized businesses check their bank balances daily to make financial decisions. But it’s entrepreneur Yoseph West’s assertion that there’s typically information and functions missing from bank accounts that owners could really use. “SMBs make up 44% of U.S.

Economy 104

Economy Checks Accounts FinTech 104

The Payments Association

AUGUST 20, 2024

This article explores innovative strategies that can transform KYB (Know Your Business) checks from a routine compliance requirement into a strategic asset for Payment Service Providers (PSPs) in the Asia-Pacific region.

Procedures 88

Procedures Compliance Checks Service Provider 88

Fintech Finance

AUGUST 22, 2024

The interface enables the following features and benefits: Pre-authorisation transactions when guests check-in Incremental authorisations (Top-Up) during the stay. Automatically release authorisations if a guest wants to pay with a different card than the one provided at check-in. Purchase, refund and void transactions.

Void 98

Void Payment Service Provider (PSP) Alternative Payment Methods Payments 98

Fintech Finance

AUGUST 6, 2024

Biometric loyalty program check-in and payment provides a swift ordering and checkout experience for merchants and customers alike. PopID research has shown the platform decreases ordering and check out times by up to 90 seconds per transaction and can increase ticket size by 4 percent. The post J.P.

Payments 96

Payments Checks SWIFT Credit Cards 96

Fintech News

JUNE 13, 2024

The Logic/Syntax-based validation feature checks the length, structure, and check digits of bank details, providing information such as bank name, code, BIC code, and address, ensuring accurate and efficient payment processing.

Verification 108

Verification Payee Account Validation Payments 108

Finextra

NOVEMBER 13, 2024

Viamericas, a leading licensed money transmitter known for its international money transfer, bill payment, check processing, and top-up services, is proud to announce the launch of its rapid cash-to-account transfer service in the United States.

FedNow 92

FedNow Accounts Checks Process 92

Fintech Finance

OCTOBER 3, 2024

Numerated, the leading AI-driven commercial lending platform, today announced its partnership with Alloy, the identity risk management company trusted by over 600 leading banks, credit unions and fintech companies, to deliver best-in-class fraud checks within commercial lending.

Fraud Prevention 97

Fraud Prevention Risk Management Credit Union Automation 97

Finovate

AUGUST 26, 2024

Be sure to check in with Finovate’s Fintech Rundown all week long for the latest in fintech news. As summer draws to a close, there may be a big acquisition on the horizon in the fraud and financial crime prevention space. Fraud and financial crime prevention Is Visa looking to acquire fraud fighting platform Featurespace ?

FinTech 115

FinTech Financial Crimes Crime Payroll 115

VISTA InfoSec

FEBRUARY 28, 2024

Check that the people in charge of these tasks understand their specific duties. Check your list of system/application accounts. Check that they have clear methods to avoid storing passwords within code. assessments.) Make sure these records outline who does what in terms of managing user accounts. Requirement 8.3.6:

PCI DSS 130

PCI DSS Best Practices Authentication Rules 130

Open Banking Excellence

NOVEMBER 7, 2023

It has the potential to quickly gain ubiquity at low cost, as it is based on the comprehensive customer due diligence checks already applied by banks to their 50 million customers. Bank-verified identity is faster and more secure than existing identity checks. This bank-centric form of digital identity already exists in the UK.

Due Diligence 130

Due Diligence Ubiquitous Government Governance 130

VISTA InfoSec

JANUARY 18, 2024

a Check system configuration standards to confirm that necessary services, protocols, and daemons are identified and recorded. We also encourage you to check out our previous and upcoming blogs on the changes in requirements from v3.2.1 This helps maintain a clean and secure system environment. in PCI DSS.

PCI DSS 288

PCI DSS Procedures Encryption Security 288