Finovate

NOVEMBER 14, 2024

Since launch, IPX has converted nearly 30% of same-day ACH credit transactions into send transactions on push instant payment systems, routing existing payment solutions through networks like FedNow.

Credit Union 59

Credit Union Same Day ACH Credit Union Service Organization FedNow 59

PYMNTS

FEBRUARY 19, 2020

They seek to test every new payment type (across small and large merchants), as well as pinpoint weaknesses in firms’ fraud detection and mitigation programs. Before eCommerce truly took root, much of fraud mitigation centered around what he termed “velocity counters.” Today, however, that velocity is fairly commonplace.

ATM 67

ATM Point-of-Sale (POS) Fraud Detection Mitigation 67

Tearsheet

APRIL 22, 2024

An OCT [Original Credit Transaction] operates as a push payment, where the payment service provider pushes funds directly into the cardholder’s account. These measures can work in tandem with clients’ own internal guidelines and risk controls to mitigate fraud, according to Modi.

Venmo 98

Venmo PayPal Payment APIs and Integration P2P 98

Paystand

NOVEMBER 21, 2024

Risk Management: Issuing banks face key risks, including credit risk, transaction fraud, and account fraud, requiring advanced tools and systems to mitigate them. Payment Cycle Participation: Issuing banks work in tandem with merchants, acquirers, and cardholders to authenticate, authorize, and process payments efficiently.

Debit Transaction 40

Debit Transaction Debit Card Credit Risk Mitigation 40

EBizCharge

MAY 8, 2024

ACH debit ACH transactions come in two main varieties: ACH credit transactions and ACH debit transactions. ACH Credit Transactions: These transactions involve the payer initiating a payment and sending funds to the payee’s account.

ACH 52

ACH Checks Process ACH Network 52

Fi911

AUGUST 31, 2023

The goal here is fostering fairness and transparency in credit transactions and helping consumers compare different lending options. TILA mandates that lenders disclose key information to borrowers before extending credit. Risk Mitigation Complying with TILA reduces the risk of litigation and regulatory fines.

Consumer Financial Protection Bureau (CFPB) 52

Consumer Financial Protection Bureau (CFPB) Risk Mitigation Online and Mobile Banking Non-Bank 52

Clearly Payments

FEBRUARY 8, 2024

Moreover, by establishing rules for payment networks and financial institutions, regulation mitigates systemic risks and fosters fair competition, thereby enhancing market efficiency. It aims to promote the informed use of credit and protect consumers from unfair or deceptive lending practices.

Regulations 105

Regulations Electronic Fund Transfer Act (EFTA) Federal Reserve Electronic Funds Transfer (EFT) 105