PYMNTS

OCTOBER 19, 2016

Reitblat said that, once, fraud prevention was all about stopping fraudulent transactions, limiting a retailer’s losses, protecting what they had. He further stated that having fraud prevention as the overarching focus can have the effect of preventing fraud but also blocking sales, if it’s risk-averse.

Fraud Prevention 81

Fraud Prevention EMV Blocks Risk 81

Neopay

SEPTEMBER 11, 2024

The review highlighted the complexity of these frauds, noting that many large-scale scams were made up of multiple smaller transactions, which reduces the effectiveness of transaction limits as a protective measure. This issue is key in demonstrating why stronger protections beyond transaction limits are necessary.

Caps 52

Caps Consulting Scams Fraud Prevention 52

Clearly Payments

OCTOBER 22, 2024

In most contactless payments, a PIN is not required for lower-value transactions, typically up to $100–$250 depending on the region. However, for higher-value purchases or when a customer reaches a cumulative transaction limit, the system may prompt for a PIN or card insertion for security reasons. Why is a PIN Important?

Debit Card 105

Debit Card Credit Cards Point-of-Sale (POS) Encryption 105

Faster Payments Council

SEPTEMBER 17, 2019

We were able to point out that our Regulatory, Directories, and Fraud Work Groups will be tackling these and other relevant topics in their upcoming work efforts.

FPC 68

FPC FedNow Fed Request for Comment 68

Stax

AUGUST 22, 2024

Fraud prevention and detection The first step is to install advanced fraud detection systems in your overall technology infrastructure. We now have fraud detection systems that use machine learning and AI to identify and prevent fraud and cyberattacks.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

PYMNTS

JANUARY 20, 2021

We have seen higher levels of fraud or suspicious activity, [and] we have definitely built up our fraud prevention team. … The rise in debit payments makes the cards a more attractive target for fraudsters , meaning banks must pivot their fraud protection efforts accordingly.

Debit Transaction 52

Debit Transaction Transactions Debit Card Security 52

EBizCharge

NOVEMBER 12, 2024

Merchant services typically consist of additional features like fraud prevention and PCI compliance , which are essential to safeguard your business and customer payment data. Do you offer fraud prevention measures? Effective security protocols are essential to protect against fraud.

Service Provider 52

Service Provider MSPS Payment Gateways Debit Card 52

PYMNTS

NOVEMBER 23, 2018

“By working collaboratively with these retailers, we’ve created a way for businesses to take proactive steps to prevent scams,” New York State Attorney General Barbara Underwood said in a statement. With the new policies, changes include lowering the transaction limits on the sale of store-branded gift cards.

Federal Trade Commission 62

Federal Trade Commission Scams FTC Transaction Limits 62

PYMNTS

NOVEMBER 22, 2019

This requires customers to ask employees before purchasing them, preventing outside attacks. Purchases could then be surveilled via cameras or a watchful store manager to prevent employee theft. QSRs can also lower the transaction limits for their gift cards, disincentivizing cybercriminals from targeting them.

Credit Cards 52

Credit Cards Irrevocability Void Crime 52

PYMNTS

OCTOBER 3, 2018

128,000: Hong Kong Monetary Authority’s Faster Payment System’s daily transaction limit. . $10 million: Amount Google search competitor Duckduckgo raised in its most recent funding round. 41 percent: Share of firms that do not report they have been the victims of cybercrime.

Faster Payments 40

Faster Payments Transaction Limits Payments Privacy 40

Clearly Payments

OCTOBER 25, 2024

Stricter Terms : High-risk businesses may face stricter terms, such as monthly transaction limits, extended payout periods (e.g., payments every two weeks instead of daily), and mandatory fraud detection systems. Chargeback Protection : Choose a processor that offers chargeback protection and fraud prevention tools.

Risk 52

Risk Accounts Processors Disputes 52

Segpay

MARCH 10, 2025

Transaction Fees & Chargeback Costs Understanding the fee structure is essential to managing costs. Evaluate transaction fees, chargeback policies, and currency conversion rates to prevent unexpected expenses and optimize revenue retention.

Payment Gateways 40

Payment Gateways Gateways Payment Solutions Payment APIs and Integration 40

PYMNTS

MARCH 20, 2018

But participants in Australia’s NPP are working to address this risk, she added, with banks deploying in-house fraud detection solutions to analyze interbank transactions. There are other ways financial service providers can address the risk of fraud in a faster payments ecosystem, said Bullock.

Faster Payments 46

Faster Payments Central Bank Risk Same Day ACH 46

PYMNTS

APRIL 25, 2016

14, 2016, any bank that issues a Visa-branded card must give cardholders the option to register for alerts related to any card and card-not-present transactions, international cross-border transactions, and transaction amounts that an authorized cardholder has specified based on some transactional limit.

Issuers 41

Issuers EMV Visa Online and Mobile Banking 41

PYMNTS

JUNE 19, 2019

Since Ondot launched such location-based offerings — the company’s solutions enable FIs to help consumers control each card separately, set maps where they can be used and set transaction limits — in 2015, they’ve been the dominant set of features used, especially among safety-oriented consumers. A Proactive Mindset.

Card Services 45

Card Services Online and Mobile Banking Transactions Consumer 45

Clearly Payments

NOVEMBER 21, 2023

issuing banks) in Canada increased the transaction limits from $100 to $250 in 2021. Embrace Security and Innovation: Stay vigilant about data security and fraud prevention. Of course, digital wallet technology is built on the foundation of contactless payments which is also growing significantly.

Payments Trends 52

Payments Trends BNPL Contactless Payments Online and Mobile Banking 52

PYMNTS

AUGUST 28, 2018

The 24/7/365 nature of the platform becomes critical and can be relied upon for everything, from 401(k) (or superannuation) payments to electronic invoicing to supply chain transactions. The richness of the data gets expanded, as data limits are expanded well beyond the per-transaction limits of 19 characters of text.

Real Time Payments 40

Real Time Payments ISO 20022 Payments ISOs 40

Nanonets

JUNE 29, 2023

Fyle Fyle is an intelligent expense management solution that automates expense tracking, reporting, and policy enforcement. Rippling Rippling is an all-in-one HR and employee management platform that includes expense management functionality.

Payment APIs and Integration 52

Payment APIs and Integration Automation Credit Cards Online and Mobile Banking 52

Nanonets

JANUARY 17, 2024

Fraud Prevention – Better Safe than Sorry : Without a robust expense management system, your business is like a house with the doors unlocked. By analyzing their expense data, InnovateX identified that they were overpaying for office supplies from a long-time vendor. It’s an open invitation to fraudsters.

Payment APIs and Integration 52

Payment APIs and Integration Compliance Automation Audit 52

The Payments Association

JANUARY 14, 2025

The industry must collaborate on fraud prevention, enhance data sharing, and align regulatory frameworks with innovation. On the 19th of November in London, The Payments Association hosted a workshop as part of its Financial Crime 360 conference, focusing on a newly-emerging but pressing topic of fraud within open banking.

Fraud Prevention 88

Fraud Prevention Financial Crimes Crime Participant 88