Nanonets

NOVEMBER 14, 2023

Leveraging social engineering, email spoofing, and identity fraud, these malevolent actors manipulate individuals into making unauthorized fund transfers or divulging confidential Personally Identifiable Information (PII). They send emails to employees, often in finance or accounting, instructing urgent and confidential fund transfers.

Email Compromise 52

Email Compromise Business Email Compromise Compromise Phishing 52

PYMNTS

DECEMBER 9, 2019

Among the opportunities is the concept of decentralized credentials, which involves the use of distributed ledger technology (DLT) to establish digital identities for credit union members, without relying on a central authority to manage that database. “That’s a huge market opportunity for credit unions.”

Credit Union 54

Credit Union Cross-Border Distributed Ledger Technology (DLT) Electronic Funds Transfer (EFT) 54

PYMNTS

DECEMBER 16, 2019

Visa also announced a partnership with pan-African FinTech leader MFS Africa that is designed for bridging the gap between the rapidly growing mobile money ecosystem in Africa and the world of online digital payments by distributing Visa payment credentials via the MFS Africa digital payments hub.

PayPal 52

PayPal Push-to-Card Consumer Financial Protection Bureau (CFPB) CFPB 52

PYMNTS

DECEMBER 12, 2019

The rule took effect in April of this year and is known as the “Prepaid Accounts Under the Electronic Fund Transfer Act (Regulation E) and the Truth in Lending Act (Regulation Z) Rule.” PayPal stated in the filing that the rule is an initiative to regulate prepaid or general purpose reloadable cards.

CFPB 55

CFPB PayPal Rules Consumer Financial Protection Bureau (CFPB) 55

PYMNTS

APRIL 12, 2019

The HR/finance professional focus seeks to get credentials from a high-ranking employee in a targeted firm and leverages that employee’s legitimate email account to send emails to the finance professionals to get the funds transferred. ACH in the Crosshairs, Too.

Business Email Compromise 46

Business Email Compromise AFP ACH Email Compromise 46

PYMNTS

OCTOBER 5, 2016

“Many of these important protections stem from the Electronic Fund Transfer Act, and they are intended to be similar to those for checking account consumers.” Wallets like Apple Pay — which simply store payment credentials issued by banks — will not fall under the new rule. ” The Expected Stuff .

CFPB 75

CFPB Rules PayPal Debit Card 75

M2P Fintech

MARCH 28, 2024

It leverages Aadhaar, a unique identification number, as the sole credential for user authentication and verification. Alternative Finance Alternative finance refers to a variety of funding and investment avenues beyond conventional banking, such as crowdfunding, peer-to-peer lending, and cryptocurrencies.

FinTech 59

FinTech Online and Mobile Banking Push-to-Card Payer 59

Stax

JULY 9, 2024

Fraud prevention measures, such as tokenization and multi-factor authentication, add layers of security to verify transactions and protect against unauthorized use of payment credentials. In most cases, mobile banking apps do not have the capability to transfer money between users that don’t share the same bank account.

Digital Payments 163

Digital Payments Online and Mobile Banking Contactless Payments Payments 163

FICO

AUGUST 12, 2021

They provide added services to customers ranging from personal budgeting and spending alerts to personal funds transfers and cryptocurrency wallets. Open Banking is a term that describes an FI sharing customer and product data, as well as transfer and payment functions, with third parties via application programming interface (API).

Financial Crimes 52

Financial Crimes Compliance Crime Risk 52

PYMNTS

MARCH 12, 2020

eWay supports card payments and Ezidebit enables transactions through Australia’s BPAY bill payment system as well as via electronic funds transfer at point of sale (EFTPOS), direct debit and real-time rails. . That sector more often suffers from customers falsely claiming chargebacks for online deliveries, he said. .

Money Laundering 52

Money Laundering Risk Processors Point-of-Sale (POS) 52

PYMNTS

JUNE 27, 2019

That combination of data will be used to build a secure digital ID recorded on blockchain, which can be used by a variety of institutions to generate access credentials. The role of blockchain as an authentication method or a new mechanism of international funds transfer remains to be seen in Brazil.

Blockchain 59

Blockchain Digital Payments Instant Payments Online and Mobile Banking 59