This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
To this end, 65 per cent of merchants plan to invest in artificial intelligence (AI) over the next 12 months, recognising its role in real-time frauddetection and improved payment performance. Lesser-discussed trends include embedded finance (13 per cent) and sustainable payments (eight per cent).
As Canadian businesses look to expand internationally, one crucial component of successful growth is handling cross-border payments smoothly and efficiently. Selling products and services internationally means facing new challenges, especially regarding payment processing, regulatory requirements, currency exchanges, and fraudprevention.
Building the future: strategic investments in AI and data analytics Merchants are responding to payment challenges with a focus on technology that supports both security and operational agility.
For instance, AI will redefine fintech by enhancing personalised customer experiences, improving frauddetection and credit scoring, automating operations, and fostering financial inclusion through cost-effective digital banking solutions. How are these influencing product development and paymentstrategies?
As multi-rail systems become a standard component of paymentstrategies, bringing in real-time payments, BNPL, and P2P payments will give customers the flexibility and functionality to enable and unlock greater opportunities in the increasingly cashless economy, paving the way for a truly interconnected global payments ecosystem.”
Use this guide to identify your MCC code, assess risk levels, and optimise your payment processing strategy. 4) Implement chargeback preventionstrategies Chargebacks can significantly impact a businesss bottom line, especially in high-risk industries. Reduce fraud exposure and chargeback liability.
Redundancy and Failover: Payment orchestrators provide redundancy by ensuring that if one payment provider fails, the transaction can be automatically routed to another, reducing the risk of failed payments and increasing overall reliability. They also ensure compliance with industry standards like PCI DSS.
Strategies for compliance To navigate VAMP’s stringent requirements, merchants should adopt the following strategies: Implement robust fraudprevention tools : Utilize Address Verification Service (AVS), Card Verification Value (CVV) validation, and real-time frauddetection systems to identify and prevent fraudulent transactions.
The challenges and priorities facing merchants in the evolving payments landscape over the next 12 months. It highlights key trends, such as open banking, tokenisation, and fraudprevention, which are crucial for merchants to remain competitive and secure. Moreover, Chandler discussed the role of AI in combatting paymentfraud.
Real-Time Analytics & Reporting Comprehensive reporting tools help gaming businesses track transaction trends, chargebacks, player spending behavior, and fraud attempts. These insights allow operators to optimize their paymentstrategies and reduce revenue loss.
The latest addition to this network is Forter, a global leader in AI-powered fraudprevention, who joins Paydock in transforming frauddetection and prevention for online businesses. Built for growth: With Forter and Paydock, fraudprevention scales effortlessly alongside business growth.
Payments firms now have unprecedented opportunities to use data more strategically, from optimising frauddetection to personalising customer interactions. When frauddetection, compliance, and operations use separate systems, blind spots and inefficiencies arise. But these opportunities come with challenges.
Forex brokers must embrace payment orchestration, real-time settlements, and AI-driven fraudprevention to streamline transactions, ensure compliance, and stay competitive. Brokers should also consider the benefits of adopting real-time payments (RTP) and AI-powered frauddetection.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content