Payments Source

JULY 30, 2018

In a post-Equifax world, independent sales organizations, acquirers and payment processors are under much more scrutiny over merchant account applications and underwriting.

Acquirers 67

Acquirers ISOs Breach Underwriting 67

PYMNTS

JUNE 24, 2020

The insurance industry is all about risk mitigation, and not only when it comes to underwriting policies. In addition to facilitating electronic payouts that are seamlessly embedded within insurance carriers’ existing back-office workflows, this strategy further mitigates risks by promoting payments and customer data security.

Business Continuity 114

Business Continuity Mitigation Continuity Risk 114

The Payments Association

MARCH 18, 2025

Consider alternative credit scoring: in underbanked markets, open data allows lenders to assess creditworthiness using mobile payments, utility bills, and telecom data. Unlike open finance, which typically operates within regulated frameworks, open data relies heavily on voluntary data sharing and commercial agreements.

Finance 88

Finance Payment APIs and Integration Non-Bank Embedded Finance 88

Fintech Review

JUNE 12, 2024

This includes ensuring data privacy and security, adhering to underwriting guidelines, and meeting reporting requirements. Artificial Intelligence and Machine Learning AI and machine learning algorithms can analyse vast amounts of data to identify patterns and make predictions.

Risk Assessment 96

Risk Assessment Regulatory Compliance Assessments Risk Management 96

Stax

JANUARY 8, 2024

Several US legislations (like the Patriot Act, anti money laundering laws , or FinCEN regulations) require PayFacs to know the identities of the business owner(s) they plan to facilitate payments for, during the underwriting stage. This requires sound underwriting policies and procedures.

Risk Management 88

Risk Management Risk Money Laundering Mitigation 88

Payments Source

MAY 21, 2018

Traditional credit scoring is under siege from alternative underwriting, and TransUnion is joining the future by investing in other emerging trends such as mobile device security and health care payments.

Underwriting 64

Underwriting AI Security Payments 64

Stax

AUGUST 22, 2024

PayFacs handle risk assessment, underwriting, settling of funds, compliance, and chargebacks which exposes them to greater potential risks. PayFacs also handle risk assessment, underwriting, settling of funds, compliance, and chargebacks. They also need to have strong data security protocols in place.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

Stax

FEBRUARY 15, 2024

PayFacs also provide a streamlined onboarding experience, manage underwriting, and handle compliance for its sub-merchants. They handle merchant onboarding, including underwriting and meeting regulatory requirements like Know Your Customer (KYC) mandates.

ISVS 88

ISVS Facilitators ISOs Payment APIs and Integration 88

PYMNTS

NOVEMBER 23, 2020

Those needs will most easily be met by innovative, digital-first firms working with incumbent big banks that want to improve underwriting, broaden wealth management offerings and cement relationships with end consumers, Vosburg said. He said allowing consumer consent to effectively control data access is the right approach to data security.

Consumer 117

Consumer Visa Use Case CFPB 117

Finovate

APRIL 9, 2024

Since it was founded in 2015, Quavo has helped recover nearly $660 million for 6+ million users Disputes-as-a-Service company Quavo Fraud & Disputes announced that it has teamed up with data warehouse-as-a-service provider Snowflake this week. ” Quavo will integrate Quavo Fraud & Disputes (QFD) with Snowflake’s platform.

Disputes 59

Disputes Identity Theft Financial Crimes Data Security 59

FICO

FEBRUARY 7, 2017

Cyber-readiness is increasingly a necessity for organizations, but for insurance underwriters, evaluating an organization’s cybersecurity risk and setting the appropriate insurance premium continues to be an inexact science. Getting cyber insurance. To learn more, read our Executive Briefing Understanding Your Cybersecurity Posture.

Cybersecurity 51

Cybersecurity Risk Mitigation Mitigation Underwriting 51

M2P Fintech

JANUARY 21, 2025

Key Features Customizable Decision Engine : HyperVerges decision engine is tailored to align with specific business rules, ensuring more accurate and efficient underwriting. AI and Machine Learning AI and ML are streamlining loan origination by automating document verification, analyzing borrower data, and providing predictive insights.

Origination 52

Origination Payment APIs and Integration Underwriting Automation 52

PYMNTS

JULY 23, 2020

billion from 2018 to 2020 “to transform our Data Security and Technology.”. The company also said it would spend in excess of $1.25

Underwriting 58

Underwriting Verification Data Security Product 58

Clearly Payments

DECEMBER 5, 2023

PayFacs Adyen Braintree Intuit Payments PayPal Square Stripe The Steps to Get a Payment Processing Account The process of obtaining a payment processing account involves several steps, encompassing application submission, underwriting, and approval. Providing accurate and complete documentation aids in expediting the underwriting process.

Processors 52

Processors ISOs Payment APIs and Integration Payments 52

EBizCharge

JANUARY 16, 2025

Tax reporting and compliance: MCCs aid in tax reporting and compliance with regulatory bodies like Payment Card Industry Data Security Standards (PCI DSS) and Anti-Money Laundering (AML). For example, if a credit card is suddenly used at a pawn shop after being consistently used at beauty shops, this can indicate fraud.

Credit Cards 52

Credit Cards Processors PCI DSS Fraud Detection 52

Stax

DECEMBER 27, 2023

Setting up a merchant account involves choosing the right merchant account provider for your needs, identifying your type of business, submitting an application, and undergoing an underwriting process to assess risk. Request Quote What Is a Merchant Account? Be prepared to answer questions about: Your expected transaction volumes.

Accounts 88

Accounts Online and Mobile Banking Payment Gateways PCI DSS 88

FICO

FEBRUARY 20, 2017

Cyber-readiness is increasingly a necessity for organizations, but for insurance underwriters, evaluating an organization’s cybersecurity risk and setting the appropriate insurance premium continues to be an inexact science. Getting cyber insurance.

Cybersecurity 40

Cybersecurity Risk Mitigation Mitigation Assessments 40

The Fintech Times

MARCH 31, 2024

This balance ensures that while we embrace the innovations AI brings to our sector, we also preserve the irreplaceable human connection that builds trust and loyalty with our clients which also goes hand in hand with keeping their data secure. “Embracing AI shouldn’t mean sidelining the human touch.

Risk 64

Risk AI Underwriting Bots 64

The Fintech Times

OCTOBER 2, 2024

They share their views on the key barriers holding open finance back and discussed potential solutions, from improving data security and raising consumer awareness to fostering better collaboration between financial institutions and third-party providers. Advocacy gaps are holding back progress Christopher G. .

Finance 59

Finance Privacy Non-Bank Authentication 59

PYMNTS

DECEMBER 30, 2019

Earlier this month, the company launched Ocrolus+ , a service that enables clients to deploy Ocrolus and Plaid via a single API to ingest data — regardless of format or quality — and extract accurate, digital data. A Gradual Evolution.

Non-Bank 57

Non-Bank Addressing On-Demand Fraud Detection 57

PYMNTS

JULY 6, 2018

. “Recognizing these potential benefits, the government proposes to undertake a review of the merits of Open Banking in order to assess whether Open Banking would deliver positive results for Canadians, with the highest regard for consumer privacy, data security and financial stability.”

FinTech 52

FinTech Non-Bank Regulations Risk Assessment 52

Stax

AUGUST 20, 2024

There are several forms of embedded insurance: Singular policy – This is where companies underwrite the policies themselves and incorporate them into their checkout flows. Data security and privacy concerns Collecting your customers’ data for personalized services poses serious threats if the data is breached.

Embedded Finance 88

Embedded Finance Finance FinTech Payment APIs and Integration 88

PYMNTS

MAY 29, 2019

Digitization of finances is also helpful in strengthening banks’ underwriting efforts, the ICC noted, and while FinTech may introduce data security challenges , it could ultimately prove beneficial not only to strengthen SMBs’ access to capital, but to addressing regulatory compliance challenges for the banks themselves.

Regulations 43

Regulations Finance Correspondent Bank Correspondent 43

Exact Payments

SEPTEMBER 25, 2023

Step 4: Obtain PCI Certification Every business that transmits or handles payment information must comply with the Payment Card Industry’s Data Security Standards or PCI DSS. These standards help ensure that sensitive data is kept secure during every step of the transaction process.

PCI DSS 52

PCI DSS OFAC Facilitators Payment Gateways 52

Nanonets

AUGUST 16, 2024

  With automation, insurers can automate repetitive tasks such as manual data entry and document verification, speed up claim processing to increase efficiency and accuracy and minimize errors and fraud. This transformation enhances operational efficiency and results in significant cost savings and improved customer satisfaction.

Automation 52

Automation Process Fraud Detection Payment APIs and Integration 52

PYMNTS

JULY 10, 2018

That includes Trade Ledger , a company that offers banks a digital platform to analyze supply chain data and underwrite trade financing to small and medium-sized businesses (SMBs). Different regulations around banking and customer data inevitably mean that markets like Australia cannot have an exact copy of the U.K.’s

FinTech 42

FinTech Small Business Non-Bank Regulations 42

Nanonets

SEPTEMBER 23, 2024

Ensuring data security and compliance Finally, safeguarding data security and ensuring compliance with regulations like GDPR or HIPAA (in healthcare) is crucial.   Implement strict access controls and audit trails for all financial data, and conduct regular staff training on data security best practices.

Payment APIs and Integration 52

Payment APIs and Integration AI Audit Non-Bank 52

Stax

JANUARY 17, 2024

After this, it usually takes about 3-5 days to get approvals post the underwriting process. These regulations include guidelines for transaction processing, data security standards, and customer authentication practices. On the other hand, applying for a traditional merchant account requires submitting extensive documentation.

ACH 88

ACH Facilitators ISVS Payment APIs and Integration 88

Nanonets

DECEMBER 25, 2023

In underwriting, AI's data analysis capabilities enhance the accuracy of risk assessments, allowing insurers to make more informed decisions during the underwriting process. Robust Security and Compliance Nanonets places a paramount emphasis on data security and compliance with healthcare regulations.

AI 59

AI Process Payer Fraud Detection 59

Stax

MARCH 15, 2025

This includes underwriting, risk management, and settlement experiences, which have been traditionally managed by third parties. There’s the underwriting process, which vets merchants and ensures that they’re qualified to take payments. Customer support Last but most certainly not least is customer support.

Enrollments 88

Enrollments Payment APIs and Integration Payments Online and Mobile Banking 88

CB Insights

MARCH 21, 2018

On a distributed ledger, insurers could record permanent transactions, with granular access controls to protect data security. Insurers currently invest in public and subscription data to prevent fraud, a market that’s expected to top $42B by 2023.

Blockchain 78

Blockchain Audit Process Risk 78

PYMNTS

OCTOBER 10, 2016

The CFPB dropped its latest set of regulations for prepaid payments cards , to some cheers (for offering clarity on fees) and some jeers (for thinking that prepaid cards are credit products and require underwriting for $25, 24-hour overdrafts). Much of this situation is additionally muddied by the fact that regulators in the U.S.

Blockchain 60

Blockchain Digital Currency Bitcoin Regulations 60

Exact Payments

JANUARY 14, 2024

Improved Data Security Integrated payment solutions often have built-in security solutions like PCI compliance, 3D-secure, fraud filtering and tokenization. These protocols help protect customers’ data and avoid the potential cost of breaches.

Payment APIs and Integration 52

Payment APIs and Integration Payments CRM Embedded Finance 52

Exact Payments

JANUARY 14, 2024

Improved Data Security Integrated payment solutions often have built-in security solutions like PCI compliance, 3D-secure, fraud filtering and tokenization. These protocols help protect customers’ data and avoid the potential cost of breaches.

Payment APIs and Integration 52

Payment APIs and Integration Payments CRM Embedded Finance 52

PYMNTS

JULY 6, 2018

At present, Flinks provides an API to connect banks and FinTech companies, and facilitate data sharing. The company is also currently running in beta phase its Flinks Score solution, allowing lenders to underwrite financing. Trillium Secure.

B2B 41

B2B Cross-Border Cross-Border Payments Payment APIs and Integration 41

Fintech Labs Insights

DECEMBER 4, 2015

Tags: Enterprise, big data, security, Alibaba (investor), Finovate alum.

FinTech 20

FinTech Online and Mobile Banking Debit Card Underwriting 20

PYMNTS

JULY 17, 2018

The blockchain hype-machine is driven largely from the technology’s proponents that say they have an application of the tool for everything: payments, risk mitigation, contracts, KYC (Know Your Customer) compliance, financing, cloud storage, an alternative to foreign exchange, credit underwriting.

Blockchain 40

Blockchain Distributed Ledger Technology (DLT) Agreements Use Case 40