Fintech Finance

SEPTEMBER 17, 2024

Its unique blend of biometric, document, and database checks, is delivered within a GDPR-compliant framework. Together we can help financial institutions adapt and thrive in the new world of digital payments and enhanced security by democratising secure, robust fraud prevention tools.”

Process 95

Process Verification Money Laundering AML 95

PYMNTS

OCTOBER 19, 2020

Or at least they have to offer vendors such options, even though up to 40 percent of companies still use paper checks and the mail to deliver payments. But as he sees it, selecting the right platform can offer optionality to certain suppliers in your vendor database while not disclosing that opposite optionality to others. “It

Checks 110

Checks Business Payments ACH Payments 110

PYMNTS

DECEMBER 1, 2019

An exposed database run by TrueDialog revealed millions of SMS text messages, according to published reports on Sunday (Dec. The exposed database, which contained years of sent and received text messages, wasn’t password protected or encrypted. TrueDialog pulled the database offline shortly after being contacted by TechCrunch.

Database 57

Database Request for Comment Breach Encryption 57

PYMNTS

DECEMBER 26, 2018

Check out what he envisions for the ecosystem, and how the commercial payments industry will continue to resist the status quo of high fees and clunky infrastructure, while still needing an industry leader with trusted technology to guide the evolution.

Blockchain 80

Blockchain Cross-Border B2B Payments 80

PYMNTS

MAY 26, 2020

After that, the order is validated through AscendantFX’s global financial database, and when everything has been validated, the payee information is saved in a database for any future use, to cut out the process of filling everything out again.

Payee 56

Payee Cross-Border Payments Cross-Border Database 56

PYMNTS

JANUARY 14, 2021

In the move toward digital payments in cash-centric economies, building trust in bank accounts and payments done in bits and bytes is critical. Call it a way of bridging the divide between digital transactions and those rendered in bills and coins. That footprint is important,” Gelebart noted. Cash In, Cash Out .

Mobile Payments 93

Mobile Payments Financial Inclusion Payments Cross-Border 93

PYMNTS

MAY 21, 2020

In an interview with Karen Webster, Ariel Katz , co-founder of H1 Insights , which offers a platform connecting healthcare professionals to life science firms, said that his firm’s goal is to create an active database that features information on each of the world’s healthcare professionals from doctors to nurses to pharmacists and administrators.

Database 99

Database Research Use Case Addressing 99

PYMNTS

APRIL 21, 2020

But, as Ariff Kassam, chief technology officer of distributed SQL database company NuoDB , told Karen Webster, legacy core banking systems can get in the way. He said such debt is a natural accumulation that gets a little weightier every time a company puts in a new system or databases are deployed on-premises.

Database 83

Database Mobile Banking Acquirers Technology 83

The Fintech Times

SEPTEMBER 19, 2024

Furthermore, its blend of biometric, document, and database checks is delivered within a GDPR-compliant framework. Together we can help financial institutions adapt and thrive in the new world of digital payments and enhanced security by democratising secure, robust fraud prevention tools.”

Verification 64

Verification Process AML Fraud Detection 64

Fintech News

APRIL 3, 2024

Data from the World Bank’s Global Findex Database reveal that, in 2021, men were 6% points more likely than women to use digital payments, a gender gap that had remained consistent across developing economies since 2014 in part because of the broader gender gap in access to digital services.

Financial Inclusion 126

Financial Inclusion FinTech Financial Literacy Non-Bank 126

PYMNTS

NOVEMBER 3, 2016

.” This presents a major hurdle for businesses that want to adopt digital payments methods: If corporations can’t link their virtual payments data into accounting systems, then one of the most captivating benefits of virtual payments is lost. ” U.S.

Payments Data 73

Payments Data Payments Commercial Card Reconciliation 73

PYMNTS

JUNE 23, 2020

As most people reading this well understand, tokenization uses unique identifiers to replace sensitive payment data. The tokenized credentials cannot be stolen or compromised, which makes digital payments safer for consumers and merchants. For a hypothetical eTailer with, say, $100 billion in annual sales, an incremental 1.5

Credential 110

Credential Issuers Breach RTP 110

Fintech News

FEBRUARY 21, 2024

In response to these concerns, dedicated SaaS solutions , such as those offered by global payments software provider OpenWay, provide an alternative. The Way4 digital payments platform can be run in a dedicated SaaS model with a certified operational partner. System administration. Talent and skills.

Payment APIs and Integration 107

Payment APIs and Integration PCI DSS Payments Compliance 107

Clearly Payments

OCTOBER 10, 2024

Here’s how payment processors help with loyalty programs: Transaction Data Tracking : Payment processors track every transaction made by a customer, allowing businesses to offer personalized rewards. Every time a card is swiped or a digital wallet is used, the processor records the transaction and updates the loyalty program database.

Processors 105

Processors Payments Credit Cards Point-of-Sale (POS) 105

PYMNTS

AUGUST 10, 2019

But rap music and hip-hop culture – arguably the greatest global culture force of this and the last generation – is moving on from cash, reflecting trends in the worldwide digital economy. These days, it’s becoming more about the digital payments instead of paper currency. Hit me on my Cash App, check it in the morning,’ Ms.

Federal Reserve 67

Federal Reserve Economy Checks Rules 67

Stax

NOVEMBER 6, 2023

Payment tokenization is a subset of data tokenization where tokens replace confidential payment data such as customer credit card information. With payment tokenization, the actual credit card data isn’t stored thereby making digital payment transactions more secure.

Encryption 88

Encryption PCI DSS Data Security Origination 88

PYMNTS

NOVEMBER 12, 2020

“We have a number of solutions across markets, such as India, Southeast Asia and China, where cross-border payments have been brought down to effectively automated interactions that do two things: removing the need for paper as well as the ability to connect to customs and regulatory databases, both in a fully compliant manner,” he added.

Treasury 118

Treasury Innovation Cross-Border APACS 118

Finovate

SEPTEMBER 18, 2024

Using a combination of document, database, and biometrics checks, ID-Pal enables businesses to verify the identity of their customers in real-time. “Together we can help financial institutions adapt and thrive in a new world of digital payments and enhanced security by democratizing secure, robust fraud prevention tools.”

Fraud Detection 64

Fraud Detection Verification Payment APIs and Integration OFAC 64

PYMNTS

NOVEMBER 25, 2019

25) the launch of Amazon Rekognition Custom Labels, a new feature allowing customers to train their custom model to identify database and inventory items. Amazon Web Services (AWS) announced on Monday (Nov.

Use Case 70

Use Case Database NOV Product 70

PYMNTS

FEBRUARY 27, 2020

With more SMBs embracing digitization, the apps powering that shift have gained access to troves of valuable data about their small business customers that can shed light on a company’s innerworkings, more so than a traditional bank account or credit profile can. “We have a massive opportunity in the developing markets.

Small Business 72

Small Business Assessments Finance Addressing 72

The Payments Association

OCTOBER 3, 2024

Moreover, with 95% of all purchases will be made online by 2040 , the demand for seamless digital payment experiences is only expected to grow. In Europe alone, the SaaS market is experiencing double-digit annual growth. The software as a service market is booming, with Statista projecting to reach over US$197.00

Payment APIs and Integration 88

Payment APIs and Integration Online and Mobile Banking On-Demand Process 88

The Fintech Times

SEPTEMBER 26, 2024

This investment will be used to accelerate building the richer bureau database and to extend the product suite to help challenger lenders and banks reset the scales when it comes to credit. The European Investment Bank (EIB) is providing €220million to Nexi Group to support innovation in digital payments across Europe.

FinTech 64

FinTech Payment APIs and Integration Fraud Detection Fraud Prevention 64

PYMNTS

FEBRUARY 4, 2019

Prison authorities have quietly enrolled hundreds of thousands of incarcerated people’s voice prints into large-scale biometric databases,” the report said. Additionally, as isolated as prisons are from the daily lives of most consumers, retail and payment trends do find their way into those institutions. demonstrated that.

Fraud Prevention 64

Fraud Prevention Authentication Security Technology 64

FICO

AUGUST 6, 2018

Similar databases exist for valid email addresses, device IDs, and identity details associated with fraud events. The Falcon Intelligence Network is not a database of known “fraudsters” or “suspicious identities.” The Falcon Intelligence Network is a unique asset in the evolution of digital payment fraud.

Payments Data 45

Payments Data Non-Bank Fraud Detection Database 45

PYMNTS

DECEMBER 23, 2019

When the bureau has existing relationships in place with businesses, information flows quicker and IP addresses and other markers can be “run that against our databases and all our resources,” Chu added.

FBI 58

FBI Database Authentication Addressing 58

Fintech Finance

JANUARY 8, 2024

Combining Orange Finances Money Mali’s rapidly growing client database and TerraPay’s wide network spanning 120+ receive countries, 210+ send countries, 7.5Bn+ bank accounts, and 2.1Bn+ mobile wallets – this partnership is poised to make a significant impact on the region’s digital and financial services landscape.

Cross-Border Payments 52

Cross-Border Payments Cross-Border Finance Financial Inclusion 52

Core

SEPTEMBER 15, 2023

By offering kiosk payment options, governments can divert a significant portion of transactions away from counters to minimize wait times and alleviate congestion. Offline Accessibility Though digitized payment solutions are on the rise, some individuals may not have access to internet-driven payment options.

Governance 52

Governance Government Transactions Security 52

PYMNTS

MARCH 24, 2017

This was made possible, of course, by a movement to embrace digital payments. Yet this movement, Gurz said, takes place over disparate payments networks — each with its own highways in and out. Payments technology is bringing these far-flung methods together in the spirit of modernization,” Gurz said.

Compliance 62

Compliance Financial Crimes Crime Identity Theft 62

Fintech Finance

JUNE 7, 2024

Majid Al Futtaim , a leading shopping mall, communities, retail, and leisure pioneer across the Middle East, Africa, and Asia, today announced a new partnership with Checkout.com , a leading global digital payments provider.

Database 40

Database Payment Solutions Agreements Security 40

PYMNTS

DECEMBER 18, 2019

Under a key provision, companies must give consumers the option to have their information deleted from databases,” the law said. Consumers the right to know what personal information companies collect from them, the California law says.

Privacy 52

Privacy Laws Consumer Social Security 52

PYMNTS

OCTOBER 3, 2019

This is the largest and most detailed banking database that has ever appeared on the black market,” DeviceLock Founder Ashot Oganesyan told the Moscow Times. “In Analysts at cybersecurity firm DeviceLock found personal information of up to 60 million of the bank’s credit card holders for sale on the black market.

Cybersecurity 40

Cybersecurity Database Credit Cards Breach 40

PYMNTS

NOVEMBER 14, 2019

And in illustrating the ultimate lines of defense against hackers, Seshadri said, payment account information in a database can be rendered unusable to unauthorized parties. The devaluation comes through encrypted solutions or tokenization.

AI 84

AI Transactions Phishing Cybersecurity 84

Nanonets

AUGUST 16, 2024

Advanced AI systems can cross-check claim details against policy data, third-party databases, and historical claim records to detect anomalies and assess the validity of claims. Integrations: Automation pulls data from multiple sources, databases, third-party tools, etc., thus allowing for seamless verification.

Automation 52

Automation Process Fraud Detection Payment APIs and Integration 52

PYMNTS

MARCH 17, 2020

Kount also recently set up the Identity Trust Global Network , which attempts to build a large database to help clear up fraud issues in the future. The firm boasts that the network decreases false-positive rates by 50 percent and connects billions of signals in real time.

Account Takeovers 52

Account Takeovers Accounts Bots Credential 52

PYMNTS

JUNE 4, 2019

Trulioo said it is teaming with Refinitiv — operator of the World-Check Risk Intelligence database — to promote global financial inclusion and fight fraud. With better digital ID verification and KYC processes, that merchant “can pull out her phone, [and] open a bank account with a big brand or someone else,” he said. New Partnership.

Consumer 50

Consumer Verification Financial Inclusion Small Business 50

PYMNTS

DECEMBER 10, 2019

AvidXchange, which acquired BankTEL earlier this year, is connecting banks to a B2B payments network and solution designed with the supplier in mind. Utilizing a database of B2B vendors, AvidPay is an accounts payable tool to help users migrate away from paper with automated invoice processing.

Payee 52

Payee B2B Payer Accounts 52

PYMNTS

DECEMBER 12, 2018

Low latency “will become more important in the short-term as the use of third-party application programming interfaces (API) within banking grows, with third-party apps gaining access to banks’ databases to make transactions.”.

FinTech 84

FinTech Credit Union Mobile Banking On-Demand 84