The Payments Association

OCTOBER 28, 2024

In the world of digital payments, fraud is an ever-present threat that continues to evolve, creating serious risks for both businesses and consumers. One of the most alarming trends identified in the report is the continued rise in social engineering scams, which now account for a significant portion of fraud activity.

Scams 88

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

The Fintech Times

SEPTEMBER 27, 2024

The Financial Conduct Authority (FCA) is consulting on proposals that it hopes will better protect consumers when payments and e-money firms go out of business. Despite the use of payments firms growing significantly in recent years, the FCA revealed it continues to see poor safeguarding practices from firms.

Consumer Protection 59

Consumer Protection Consumer Consulting Payments 59

The Fintech Times

FEBRUARY 27, 2024

Furthermore, by continuously adapting to evolving threats and regulatory requirements through regular model enhancements and daily retraining, these solutions fortify resilience against potential drifts in data distribution, ensuring consistent accuracy”. “The And increasingly, that’s what customers themselves are demanding.

Consumer Protection 69

Consumer Protection Stablecoins Payments Trends Consumer 69

The Payments Association

JANUARY 16, 2025

As the EUs most extensive effort to regulate the crypto market, MiCA seeks to address longstanding issues such as regulatory fragmentation, consumer protection, and market stability. Starting 30 December 2024, crypto-asset service providers outside the EU must secure MiCA authorisation to continue operating in the EU market.

Compliance 88

Compliance Cross-Border Payments Cross-Border Stablecoins 88

Fintech News

FEBRUARY 26, 2024

This period of upheaval has catalysed a significant transformation within the sector, with fintech firms adapting to and capitalising on the changing landscape of consumer demands and regulatory environments. Yet, despite these challenges, the fintech industry continues to innovate and adapt, seeking new avenues for growth and development.

FinTech 142

FinTech Consumer Financial Inclusion On-Demand 142

The Fintech Times

MARCH 3, 2025

The Payments Association , the trade group representing the payments sector, has launched its Payments Manifesto for 2025, urging the UK government to modernise the payment infrastructure to ensure consumer protection.

Governance 59

Governance Government Financial Inclusion Consumer Protection 59

Fintech News

JANUARY 13, 2025

SEAs young, tech-savvy population, a growing consumer base, reliance on informal financial systems, and supportive government initiatives aimed at financial inclusion serve as robust drivers for long-term growth. They also reflect a broader trend where innovation aligns closely with consumer demand and regional market conditions.

FinTech 114

FinTech Cross-Border On-Demand Innovation 114

The Payments Association

NOVEMBER 29, 2024

In addition to deflecting claims, the purpose-built chatbot can handle all eligible fraud recovery cases and cardholder disputes related to the consumer protection framework of international card payment networks.

Disputes 88

Disputes Issuers Card Issuer Payment APIs and Integration 88

Fintech Finance

JULY 15, 2024

Regulatory clarity and consistent standards are critical for providers offering safe, transparent and responsible financial services and even more important for consumers who expect protections when utilizing financial services including Buy Now Pay Later,” said Phil Goldfeder, Chief Executive Officer of AFC.

Consumer Financial Protection Bureau (CFPB) 98

Consumer Financial Protection Bureau (CFPB) CFPB Rules BNPL 98

The Fintech Times

FEBRUARY 19, 2025

Digital wallets represent a “significant opportunity” for consumers, the Financial Conduct Authority (FCA) and Payment Systems Regulator (PSR) revealed as they shared their findings regarding the payment software. Responses raised potential competition, consumer protection and operational resilience issues.

Regulations 72

Regulations Underserved Innovation Authorization 72

The Fintech Times

DECEMBER 9, 2023

Consumer Duty, a set of rules aimed at enhancing consumer protection in the financial services sector, came into force in July 2023. 2023 saw the introduction of a new Consumer Duty, setting higher and clearer standards of consumer protection across financial services, and requiring firms to put customers’ needs first. “To

Consumer 111

Consumer Financial Literacy Regulations AI 111

Fintech Finance

MARCH 12, 2025

The payments industry is evolving rapidly, and with increased scrutiny on payment services and electronic money providers, maintaining a robust and dedicated regulatory framework is critical to ensuring stability, innovation, and consumer protection in support of the National Payments Vision.

Governance 59

Governance Government Regulations Payments 59

The Payments Association

DECEMBER 9, 2024

It underscores the need for payment firms to balance AI innovation with robust privacy and regulatory compliance to protect sensitive consumer data. Firms must adopt transparent AI practices, enhance regulatory frameworks, and continuously train models to navigate the evolving landscape of AI-driven threats. What’s next?

Privacy 88

Privacy Payment Security AI Security 88

Fintech Finance

MAY 24, 2024

The Consumer Financial Protection Bureau (CFPB) has issued an interpretive rule that confirms that Buy Now, Pay Later lenders are credit card providers. Accordingly, Buy Now, Pay Later lenders must provide consumers some key legal protections and rights that apply to conventional credit cards.

Disputes 97

Disputes CFPB Consumer Financial Protection Bureau (CFPB) Consumer 97

Neopay

MARCH 26, 2025

Supporting growth , by enabling investment, innovation and ensuring the continued competitiveness of our world-leading financial services. Helping consumers navigate their financial lives by working with industry to boost trust, product innovation and making sure the right information and support is available.

Consumer Protection 52

Consumer Protection Crime Regulations Economy 52

The Fintech Times

DECEMBER 10, 2024

With decades of experience in this market, Saga continuously monitors regulations and the evolving needs of the financial world, delivering innovative and tailored technological solutions.

Third-Party Service Provider 64

Third-Party Service Provider Compliance API Consumer Protection 64

Fintech News

APRIL 28, 2024

This distinction, effective from 1 May 2024, allows consumers to easily recognise these accredited providers, signaling their compliance with the stringent standards set out in the BNPL Code of Conduct. Buy Now, Pay Later Accredited Trustmark The trustmark signifies a commitment to responsible lending and consumer protection.

BNPL 107

BNPL Compliance Accreditation Consumer Protection 107

FICO

NOVEMBER 10, 2020

Many of the world’s leading banks and card issuers trust our Falcon Platform , which protects more than two-thirds of the world’s credit card and debit card transactions from fraud, as well as other forms or real-time payments and consumer banking funds transfers. Consumers Want to Be Involved.

Credit Cards 98

Credit Cards Consumer Card Issuer Issuers 98

The Fintech Times

MAY 22, 2024

The Consumer Financial Protection Bureau (CFPB), a US government agency responsible for protecting consumers in the financial sector, has ruled that buy now, pay later (BNPL) lenders must treat consumers as credit card providers do, ensuring they receive the same key protections. Are consumers protected?

BNPL 64

BNPL Credit Cards Consumer Financial Protection Bureau (CFPB) CFPB 64

The Fintech Times

DECEMBER 19, 2023

Buy now, pay later (BNPL) services have become significant in the realm of short-term unsecured consumer finance, often tied to specific products and offering instalment repayments, without accruing interest. The BNPL transaction involves three key players: the consumer, the merchant, and the BNPL service provider.

BNPL 113

BNPL Regulations Finance Consumer Protection 113

The Fintech Times

APRIL 4, 2025

“Im thrilled to join Krakens mission at this critical moment, and to lead our expansion efforts, ensuring we continue to serve our clients long-term with innovative and compliant products.” It has also exceeded $2billion CAD in combined client assets under custody.

Security 52

Security Bitcoin ATM Consumer Protection 52

PYMNTS

SEPTEMBER 30, 2020

Commercial companies accessing a payments charter would avoid oversight and regulations that protect the financial system and consumers,” the bank industry leaders wrote. That last measure aims to ensure that banks lend money and provide banking services to underserved and minority consumers.

Office of the Comptroller of the Currency 139

Office of the Comptroller of the Currency OCC Non-Bank Regulations 139

The Payments Association

MARCH 18, 2025

As more jurisdictions refine regulations and expand open finance frameworks, the focus will shift to interoperability, consumer trust, and cross-industry data integration. Ultimately, this convergence fosters a more inclusive and efficient financial ecosystem, benefiting consumers and businesses alike. What’s next?

Finance 88

Finance Payment APIs and Integration Non-Bank Embedded Finance 88

The Fintech Times

FEBRUARY 6, 2025

Edition , the popularity of digital wallets is only set to increase in the UK, with 44 per cent of respondents indicating they are eager to continue using digital wallets in the next three years. As such, digital wallet providers must do all they can to keep this momentum going and Curve providing better protection is one way to do this.

Debit Card 64

Debit Card Credit Cards Payments Laws 64

Fintech Finance

FEBRUARY 12, 2025

Under the continued support and guidance of SAMA and the Ministry of Investment (MISA), weve taken our first steps to support businesses of all sizes across the Kingdom of Saudi Arabia by offering digital inclusion, and we plan to bring Ant Internationals innovative business pillars to the Kingdom in time.

Payment Gateways 59

Payment Gateways Acquirers Debit Card Digital Payments 59

Fintech News

FEBRUARY 7, 2024

The Bangkok Post revealed that the VAT exemption, previously slated to end in 2023, will now continue indefinitely. This regulatory measure enforces strict operational standards to bolster consumer protection and maintain the integrity of the financial system.

Cryptocurrency 111

Cryptocurrency Consumer Protection Regulations Participant 111

The Fintech Times

DECEMBER 15, 2023

the consumer advisor. s monthly Consumer Insight Tracker found that trust in the insurance industry has dropped to a confidence score of -24. Since it started being tracked in August 2020, the industry has never seen 44 per cent of consumers say they do not trust insurance companies. Rocio Concha , Which?

Consumer 59

Consumer Void SWIFT Advisors 59

Fintech News

FEBRUARY 27, 2024

As we look towards 2024, Japan is anticipated to continue striking a balance between regulatory supervision and innovative development. South Korea In June 2023, South Korea enacted the Virtual Asset User Protection Act, marking its inaugural comprehensive digital asset law. billion Thai Baht (approximately US$75 million).

APACS 130

APACS Regulations Stablecoins Cryptocurrency 130

The Fintech Times

FEBRUARY 4, 2024

As fraud continues to rise across the globe, many are left scratching their heads when considering how best to approach consumer protections. The post Mastercard Backs Generative AI Techniques to Keep Consumers Safe Against Growing Fraud Levels appeared first on The Fintech Times.

Visa 69

Visa AI Consumer Fraud Detection 69

Electronic Transactions Association

JANUARY 16, 2025

These products and services are safe, highly secure, and promote financial inclusion by allowing consumers and small businesses including lowandmoderate income consumers who have historically not had full access to the financial system to conduct their everyday financial transactions.

CFPB 45

CFPB Privacy BNPL Financial Inclusion 45

EBizCharge

MARCH 14, 2025

3 types of refund and cancellation policies For businesses, clear refund and cancellation policies can lead to greater consumer trust and fewer disputes. Mid-Term Cancellations: For customers who cancel mid-term, access to services will continue until the end of the current billing period.

Returns 52

Returns Disputes Legal Non-Bank 52

PYMNTS

MAY 22, 2020

After a payday lender allegedly left consumers to pay more than promised by drawing continued interest-only deductions, the Federal Trade Commission (FTC) has charged a lending operation with overcharging customers and taking money from their bank accounts without authorization. Kotobuki Marketing, Inc.; Daikoku Marketing, Inc.;

FTC 79

FTC Federal Trade Commission Consumer Protection Funds Transfer 79

Fintech Finance

JULY 23, 2024

Alternative payment methods like digital wallets, account-to-account (A2A), and buy now, pay later (BNPL) continue to gain popularity. Anil Nanda, Partner and UK & Europe Head of Payments said: “The payments industry is undergoing significant change and disruption.

Consulting 98

Consulting Alternative Payment Methods Payments BNPL 98

Neopay

JULY 2, 2024

The Financial Conduct Authority (FCA) recently published the results of a multi-firm review focusing on outcomes monitoring under the Consumer Duty. Overview of the review The FCA’s review aims to ensure that firms are effectively monitoring and achieving good consumer outcomes as required by the Consumer Duty.

Consumer 52

Consumer Compliance Regulatory Compliance Assessments 52

The Fintech Times

APRIL 24, 2024

By combining its identity, biometric, AI and open banking capabilities into the ‘Scam Protect’ suite of solutions, Mastercard hopes to safeguard consumers across a wide range of scams, from card-based and account-to-account payments to fraudulent account openings.

Fraud Prevention 105

Fraud Prevention Visa AI Scams 105

Neopay

OCTOBER 11, 2024

The Financial Conduct Authority (FCA) recently published the findings from its review of how payment firms have implemented the Consumer Duty (the Duty), which came into force on July 31, 2023, for open products and services.

Consumer 52

Consumer Assessments Payments Compliance 52

The Fintech Times

NOVEMBER 27, 2024

Despite the fact that investing in crypto remains unregulated and high-risk, consumers appear to increasingly consider cryptoassets as part of ‘a wider investment portfolio’, leading to 26 per cent dipping into their long-term savings to purchase them. Can the FCA move fast enough?

Regulations 112

Regulations Stablecoins Risk Consulting 112