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What to Know About Tokenization

Basis Theory

The token vault offers a secure and PCI-compliant location to store original data (e.g., Instead of using the original sensitive data, developers and their applications use previously-generated tokens to execute traditional operations that sensitive data would provide, like performing analyses, generating documents, or customer verification.

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LSEG Risk Intelligence Deploys Account Verification to Tackle Payment Fraud

Fintech News

Originally introduced in the United States in October 2024, GAV verifies whether payee and account details match before transactions are processed, helping businesses and individuals prevent fraudulent transfers. The expansion comes as regulators tighten rules on fraud prevention and reimbursements.

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Mastercard, Samsung Tie-Up Lets Consumers Pay On Demand

PYMNTS

With Mastercard’s Pay on Demand platform, people get improved access to financial services and other offerings, which drives financial inclusion and can bring about improved economic possibilities for individuals and businesses.

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Fraudsters Turn to WhatsApp: Revolut Reveals UK Consumers Lose £2,437 From WhatsApp Scams

The Fintech Times

WhatsApp prides itself on the security of its encrypted messages, however, according to new research from Revolut, the global fintech with 11 million UK customers and 50 million globally, UK consumers are losing an average of 2,437 from scams originating on the communications platform. Encryption does not equate to immunity from scams.

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Zimswitch Taps ACI Worldwide to Protect Zimbabweans From Payment Fraud

Fintech Finance

ACI Worldwide (NASDAQ: ACIW), an original innovator in global payments technology, have announced that Zimswitch , Zimbabwe’s national electronic payments switch and a leading payments technology company, has chosen ACI’s Fraud Management and Payments Intelligence solution to enhance its fraud prevention and management capabilities.

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The Tangible Benefits of Implementing Advanced Loan Origination Software

Finezza

Traditional loan origination processes, plagued by manual bottlenecks, delayed approvals, and regulatory risks, cannot keep up with increasing demand. The Loan Origination Software (LOS) can be that. The need for a significant transformation is evident.

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MeaWallet Partners with Backbase to Deliver Advanced Tokenization Solutions in Australia and New Zealand

Fintech Finance

These solutions will enable issuers and fintechs to efficiently activate OEM (Original Equipment Manufacturer wallets), including popular options such as Apple Pay, Google Pay, and Samsung Pay. The partnership will feature two groundbreaking solutions: Mea Push Provisioning and Mea Card Data.

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