The Payments Association

APRIL 8, 2025

The card issuers often side with the customer without consulting us, which is unfair and costly. We try to educate guests, but theres always pushback when standard procedure to protect our revenue is perceived as a hassle, she said. Tao pointed out the role of technology in achieving this balance.

Fraud Detection 88

Fraud Detection Fraud Prevention Scams Participant 88

The Payments Association

DECEMBER 2, 2024

MiCA’s primary aims were to impose stringent requirements on stablecoin issuers in order to protect consumers from potential risks associated with unregulated digital assets, promoting a safer environment for crypto transactions. Additionally, the MiCA regulation could create new challenges. at the time.

Regulations 88

Regulations Instant Payments Consumer Protection Payments 88

PYMNTS

DECEMBER 4, 2018

In a press release , the FTC said that it periodically reviews all of its rules and guidelines and wants comment on whether any modifications need to be made to the Red Flags Rule and the Card Issuers Rule.

Identity Theft 64

Identity Theft FTC Rules Card Issuer 64

VISTA InfoSec

JANUARY 22, 2024

Requirement and Testing Procedures 3.2.a Issuers storing sensitive authentication data should limit storage to business needs, ensure security, and use strong encryption. Requirement and Testing Procedures 3.2.a Requirement and Testing Procedures 3.1 Requirement and Testing Procedures 3.3 PCI DSS v3.2.1 PCI DSS v4.0

PCI DSS 100

PCI DSS Encryption Procedures Authorization 100

PYMNTS

SEPTEMBER 21, 2020

The Office of the Comptroller of the Currency (OCC) released a letter that explained the authority of federal savings associations and national banks to keep “reserves” for clients who are issuers of stablecoins in some cases, according to a Monday (Sept. 21) press release. Acting Comptroller of the Currency Brian P.

Office of the Comptroller of the Currency 68

Office of the Comptroller of the Currency Stablecoins Fraud Prevention Procedures 68

PYMNTS

OCTOBER 5, 2020

Potential investors in digital asset securities are entitled to know if promoters were compensated by the issuers of those securities,” Kristina Littman, Cyber Unit chief, said in the release. The computer coder and businessperson’s bodyguard, Jimmy Watson Jr.,

CBDC 81

CBDC Digital Currency Risk Security 81

Payment Savvy

JANUARY 11, 2023

As with many aspects of banking and merchant processing among credit card issuers, the term represents something slightly confusing (at best) and incredibly bewildering (at worse), with lots of banking jargon and terminology thrown into the language to confuse you a little further. What Is a Bucket? It’s an industry term.

Credit Cards 98

Credit Cards Card Issuer Issuers Processors 98

Fintech Finance

AUGUST 20, 2024

When a customer disputes a debit or credit card transaction, the card issuer must determine whether to provide that cardholder with a refund for the transaction amount—also known as a chargeback. It can continuously be updated and evolved in step with first-party fraud. It manages over 2.4

Disputes 98

Disputes Transactions AI Issuers 98

PYMNTS

JULY 8, 2019

It is why as a payments processing platform, he noted, i2c’s system is designed to be highly configurable and customizable, with a set of tools for issuers that the firm has often compared to Lego bricks. It was a solution designed, according to DeRosa, for companies with innovative roadmaps that need fast, flexible support.

Innovation 84

Innovation Issuers Visa Card Issuer 84

PYMNTS

OCTOBER 17, 2018

Investors rely on our public issuers to put in place, monitor, and update internal accounting controls that appropriately address these threats.”. “Cyber frauds are a pervasive, significant, and growing threat to all companies, including our public companies,” SEC Chairman Jay Clayton said in a press release.

Cybersecurity 76

Cybersecurity Email Compromise Law Enforcement Business Email Compromise 76

The Fintech Times

FEBRUARY 22, 2024

AI is not a barrier for cross-border payments Serena Smith, chief client officer, at i2c Inc Serena Smith , chief client officer, at i2c Inc , the card issuer and payment processor, explains that AI will not be the main hindrance for cross-border payments growth in 2024.

Cross-Border Payments 136

Cross-Border Payments Cross-Border AI Payment Security 136

PYMNTS

MAY 5, 2020

The actions will speed up the offering process for firms that are eligible by offering relief from specific procedures when it comes to the timing of an offering and needed financial statements, according to a press release from the agency. “In 31 of this year.

Rules 52

Rules Procedures Small Business Issuers 52

The Payments Association

NOVEMBER 19, 2024

Many businesses dive into card production without recognising that creating a card means coordinating with an issuer, payment network, acquirer, and, often, multiple service providers. From the card issuer, payment processor, and scheme to the anti-fraud and KYC providers, each partner has its own preferences, fees, and requirements.

Product 88

Product Push-to-Card Card Issuer Issuers 88

The Fintech Times

DECEMBER 13, 2024

The UK government has introduced the ETA to streamline entry procedures as well as improve security, with all non-European visitors required to obtain an ETA before traveling to the UK. ” JCB is a major global payment brand and credit card issuer and acquirer in Japan.

Cross-Border 59

Cross-Border Card Issuer Procedures Issuers 59

PYMNTS

OCTOBER 22, 2020

McCutcheon noted that large, enterprise-sized firms have very advanced security procedures and whole IT teams dedicated to fighting digital fraudsters, while small- to medium-size businesses face growing fraud problems that they don’t have the scale to take on alone. What 3DS 2.0

EMV 88

EMV CHIPS Point-of-Sale (POS) Push-to-Card 88

Fintech Finance

OCTOBER 8, 2024

The impact on businesses is profound, not only in terms of financial loss but also the administrative burden of managing these disputes and optimising policies and procedures so it doesn’t happen again. “One One driving factor behind the rise in transaction confusion is the diversification of shopping platforms and methods.

Disputes 98

Disputes Consumer Transactions Cross-Border 98

PYMNTS

MAY 7, 2020

Securitize CEO and Co-Founder Carlos Domingo told the outlet, “Within the ecosystem of the companies we work with for participating in a securities offering, there are issuers, there are transfer agents like us, there are custodians and ideally we can all agree on a common ID that is shared across all of these institutions that is compliant.”.

ATM 60

ATM Volume Bitcoin Transactions 60

PYMNTS

OCTOBER 2, 2020

Plus, Boost Payment Solutions is collaborating with Visa to provide further automation and flexibility to commercial card issuers, cardholders and suppliers. Boost Payment Solutions is teaming with Visa to provide commercial card issuers, cardholders and vendors with further automation and choices.

Payroll 52

Payroll Commercial Card Card Issuer Central Bank 52

Stax

AUGUST 20, 2024

This process typically involves a two-step verification procedure that requires additional information from the customer, such as a PIN or one-time password. The merchant’s website will initiate a 3DS request with the customer’s card issuer on the payment page. This can result in increased customer satisfaction and loyalty.

Authentication 88

Authentication Security Card Issuer Payment APIs and Integration 88

The Fintech Times

MARCH 6, 2024

Her journey began on the issuing side, primarily focusing on the Discover Card issuer team, before a transition to the network division, where she has played a role in managing various digital products, such as overseeing tokenisation efforts and the development of the tokenisation platform at Discover ® Global Network.

Digital Payments 64

Digital Payments Innovation Security Issuers 64

PYMNTS

JANUARY 28, 2020

Issuers, merchants, payments service providers (PSPs) and other interested parties are closely watching developments in AML/KYC and counter terrorist financing (CTF) regulations, as governments worldwide clamp down strongly on identity scams. Widely used rules-based anti-fraud measures are also not the safe bet they were just a few years ago.

AML 60

AML Compliance Money Laundering Due Diligence 60

Payment Savvy

MAY 11, 2023

As a merchant, you may be liable for chargebacks if you do not follow proper card acceptance and processing procedures. Visa Service Rules that Apply to All Members Visa Service Rules are a set of regulations established by Visa that apply to all members of the Visa network, including issuers, acquirers, and merchants.

Rules 52

Rules PCI DSS Disputes Payment Networks 52

PYMNTS

AUGUST 13, 2018

“The FBI has obtained unspecified reporting, indicating cybercriminals are planning to conduct a global Automated Teller Machine (ATM) cash-out scheme in the coming days, likely associated with an unknown card issuer breach and commonly referred to as an ‘unlimited operation,’” the letter read, according to the report.

FBI 58

FBI ATM Scams Third Party Vendors 58

Fintech News

JULY 24, 2024

2 – Circumventing Regulatory Procedures Fintech companies have a great temptation to bypass regulation. It issued many loans, the risk turned out to be worse than expected, and they could not cross-sell other companies’ products.

Non-Bank 111

Non-Bank Risk Regulations FinTech 111

Global Fintech & Digital Assets

MARCH 5, 2024

In December 2023, the HKMA also published a consultation outlining a legislative proposal for a regulatory regime governing stablecoin issuers in Hong Kong (see this Latham blog post ) as well as a consultation on prudential treatment of cryptoasset exposures in February 2024 (see this Latham blog post ).

Authorization 59

Authorization Product Procedures Due Diligence 59

Fi911

JANUARY 4, 2024

However, it differs in key two ways: there is no time limit for filing claims, and both issuers and merchants can be held jointly responsible for transaction disputes (rather than just merchants). As we speak, plans are being made for additional revisions to the Payment Services Directive, which will be known as PSD3.

Disputes 95

Disputes Laws Rules Governance 95

Global Fintech & Digital Assets

OCTOBER 31, 2023

Issuers of stablecoins would therefore need to be licensed unless they block California residents, but not issuers of utility tokens or creators of tokenized real-world assets. Issuing a digital asset does not in itself require licensure, unless such asset is redeemable for legal tender, bank credit, or another digital asset.

Laws 52

Laws Stablecoins Issuers Legal 52

Fintech Finance

JULY 1, 2024

As the issuer of and payment infrastructure provider for a digital euro, the ECB will be supervised by independent data protection authorities that will monitor its compliance with the European Union Data Protection Regulation (EUDPR) and the General Data Protection Regulation (GDPR).

Legal Framework 98

Legal Framework Money Laundering Online and Mobile Banking Central Bank 98

The Fintech Times

FEBRUARY 21, 2024

GLEIF’s Validation Agent Framework enables financial institutions and other supervised organisations involved in legal entity identity verification and validation to obtain and maintain LEIs for their clients in cooperation with accredited LEI Issuers.

ISO 20022 59

ISO 20022 Legal Non-Bank Accreditation 59

PYMNTS

OCTOBER 30, 2020

FIs were fined more than $17 billion in penalties between 2009 and 2019 for improper AML procedures, for example, including major players like Commonwealth Bank of Australia, Deutsche Bank and Goldman Sachs.

Automation 91

Automation Process Disputes AML 91

PYMNTS

NOVEMBER 22, 2016

As the company grew, it branched out to work with domestic and international card issuers. This gave us a very different perspective on how card issuers view chargebacks and fraud,” said Katz. “It’s

Facilitators 47

Facilitators Card Issuer Issuers Online and Mobile Banking 47

Payment Savvy

OCTOBER 22, 2020

Friendly fraud is when consumers pay for a product or service online using their credit card, then contact their credit card issuer to dispute that transaction. Some of the reasons customers will give when contacting their credit card issuer about friendly fraud include: The product/service was not delivered. Final Thoughts.

Card Issuer 52

Card Issuer Credit Cards Returns Issuers 52

Fi911

MAY 22, 2024

Different types of payment reversals exist, each with distinct procedures and implications. Verify Customer Identity: Use Address Verification Systems (AVS) to match the billing address provided by the customer with the address registered with the credit card issuer. Why Do Payment Reversals Happen?

Payer 92

Payer Address Verification System (AVS) Disputes Payee 92

PYMNTS

JANUARY 22, 2020

A year ago (when the rollout was still officially on the calendar for September of 2019), merchants, acquirers and issuers all over the European Economic Area (EEA) were widely confused over what the new regulations entailed, and how exactly they were supposed to prepare for them. As the Sept.

Issuers 56

Issuers Authorization Payment Service Provider (PSP) Authentication 56

Stax

JANUARY 15, 2024

Interchange fees are fees your bank (acquirer) pays to the cardholder’s bank (issuer) in a credit card transaction. Follow these tips to stick to federal regulations: Refer to federal regulations when drafting internal policies and procedures. The repeal of surcharge bans fostered price competition among credit card issuers.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

PYMNTS

OCTOBER 19, 2020

million for not having the correct security procedures that might have stopped a hacker in 2018 from making the financial details of over 400,000 customers known, the U.K.'s Payments issuer processor Global Processing Services (GPS) has a new strategic investment from Visa to help GPS roll out new offerings and keep growing.

Data Breach 52

Data Breach Breach Consumer Credit Cards 52

PYMNTS

APRIL 1, 2020

Network providers are very aware of those procedures, though, and have been actively seeking to claim larger shares of both the payment routing market and resultant revenues through associated fees. Issuers took in $16 billion worth of interchange fees on 37.9 Issuers took in $16 billion worth of interchange fees on 37.9

Debit Card 56

Debit Card Electronic Funds Transfer (EFT) Debit Transaction Federal Reserve 56