PYMNTS

SEPTEMBER 15, 2020

In order to offer additional security procedures to emerging and current online payment channels, Click to Pay has interoperability with 3-D Secure and EMVCo tokenization specifications. “As As a result, they will not have to manually input their 16-digit personal account numbers or find passcodes when completing a purchase.

EMV 116

EMV Interoperability Procedures Participant 116

Fi911

DECEMBER 3, 2024

The analysing algorithm considers a multitude of data elements to detect any anomalistic behavior, including: email addresses names device details IP addresses card numbers Either credit card information or IP addresses can initiate these velocity limits, thereby alerting to any suspicious transaction volumes or repeated submissions.

Checks 52

Checks Fraud Prevention Account Takeovers Fraud Detection 52

PYMNTS

OCTOBER 9, 2020

He said the rising volume of business emails between work-at-home staffers make a perfect target. So-called “spear phishing” scams work particularly well in an environment where so many organizations are changing procedures and so many employees are working remotely, Reichel said. Spear Phishing. Business Email Compromise.

B2B 116

B2B Phishing Scams Ransomware 116

PYMNTS

OCTOBER 8, 2020

Volumes went down. But along with low volumes that have been the hallmark of the past few months, Talaga said there has been a lingering impact from the lag time of payments from insurance companies and patients. When you're admitted to the hospital for a procedure, you have an estimate of what that's going to cost,” he said.

Payments 119

Payments Procedures Volume Reconciliation 119

The Payments Association

FEBRUARY 10, 2025

Strengthening KYC procedures is critical, ensuring that verification extends beyond master account holders to individual vIBAN end users. Heres how PSPs can strengthen their approach: 1) Robust KYC processes PSPs should extend their KYC procedures beyond master account holders to include vIBAN end users.

IBAN 88

IBAN AML Master Account Due Diligence 88

Stax

FEBRUARY 19, 2025

Future-Proofing: A modern integrated systems provider should be equipped to handle increased transaction volumes and evolving customer needs. Request documentation on their security policies, fraud prevention measures, and incident response procedures to minimize risks.

Payments 88

Payments PCI DSS Compliance Risk 88

The Fintech Times

FEBRUARY 22, 2024

“AI will be able to increase security procedures through behaviour prediction, identifying abnormal activity that may be fraudulent and notifying businesses when necessary. In the blink of an eye, it can ingest large volumes of data, standardise it, categorise it, and index it, making it easier for businesses to analyse it.

Cross-Border Payments 136

Cross-Border Payments Cross-Border AI Payment Security 136

The Payments Association

JANUARY 3, 2025

We try to educate guests, but theres always pushback when standard procedure to protect our revenue is perceived as a hassle, she said. Given the high volume of such chargebacks, we are actively challenging unfounded claims.” Tao pointed out the role of technology in achieving this balance.

Fraud Detection 88

Fraud Detection Fraud Prevention Participant Financial Crimes 88

The Finance Weekly

MAY 20, 2024

Nevertheless, banks still manage most business accounts, and the same reconciliation procedures can be applied to these other cash positions. For high-volume businesses like retail stores or restaurants, daily reconciliations may be necessary. This consolidation can streamline and improve the efficiency of the reconciliation process.

Reconciliation 130

Reconciliation Adjustments Best Practices Wire Transfer 130

The Finance Weekly

AUGUST 26, 2023

Enterprise Risk Management (ERM) , refers to the systematic procedure of strategizing, arranging, supervising, and managing an , organization's activities with the aim of reducing the negative impacts of risks on its financial resources and profits. What is ERM?

Risk Management 130

Risk Management Risk AI Liquidity Risk 130

Stax

DECEMBER 4, 2023

TL;DR An anti-money laundering (AML) program is a set of laws and procedures that seek to uncover attempts to disguise illicit money as legitimate. An anti-money laundering (AML) program is a set of laws and procedures that seek to uncover attempts to disguise illicit money as legitimate. Let’s get started.

Money Laundering 88

Money Laundering Compliance AML Due Diligence 88

VISTA InfoSec

NOVEMBER 12, 2024

SaaS businesses often handle significant volumes of sensitive cardholder data due to the nature of their services. This includes preparing for potential threats, training staff on response procedures, and regularly testing the response plan ( Requirements 12.10.1 Why PCI DSS compliance is critical for SaaS companies? and 10.2 ).

PCI DSS 130

PCI DSS Compliance Encryption Audit 130

VISTA InfoSec

NOVEMBER 12, 2024

SaaS businesses often handle significant volumes of sensitive cardholder data due to the nature of their services. This includes preparing for potential threats, training staff on response procedures, and regularly testing the response plan ( Requirements 12.10.1 Why PCI DSS compliance is critical for SaaS companies? and 10.2 ).

PCI DSS 130

PCI DSS Compliance Encryption Audit 130

PYMNTS

AUGUST 19, 2019

With the procedure, users would be asked to enter one out of multiple passwords. The bank also noted, according to a report at the time, that the technology might allow devices to “handle a relatively larger amount of transaction volume while reducing its physical cash transportation needs.”.

Multi-Currency 77

Multi-Currency ATM Procedures Blockchain 77

Stax

JANUARY 8, 2024

To establish an effective risk management program as a PayFac, you must establish a dedicated risk management team, utilize the right tools and technology, develop proper risk management policies and procedures, conduct regular risk audits, and stay up-to-date with the latest industry regulations. Velocity checks.

Risk Management 88

Risk Management Risk Money Laundering Mitigation 88

The Fintech Times

MAY 15, 2024

Industry analysts expect travel and tourism will generate 76 per cent of all revenues from online sales by 2028, while the entire travel industry is expected to reach $1.74trillion in volume by 2026.

On-Demand 75

On-Demand Procedures Payment Solutions B2B 75

PYMNTS

JANUARY 30, 2019

That procedure can be described as a two-by-two check, and is geared toward verifying individuals on two sides of a transaction. Those entities are part of a monetary transaction contingent on purpose, velocity and volume and own a portion — 25 percent, for example — of an organization.

Due Diligence 74

Due Diligence Verification Money Laundering FinTech 74

PYMNTS

JULY 1, 2020

In its report, the OCC said that “operational risk is elevated, with banks implementing new processes and procedures, adopting pandemic-related continuity plans and responding to increased fraud and cyber risk.

OCC 66

OCC Compliance Risk Office of the Comptroller of the Currency 66

PYMNTS

DECEMBER 7, 2020

Kit Check says the pandemic has placed a further burden on medical centers in terms of handling financial allotments and pharmaceutical inventory, noting that there will likely still be a heightened volume of “high-acuity” patients who need costly pharmaceuticals. The coronavirus continues to cause disruption in the hospital vertical.

Checks 69

Checks Procedures Volume Compliance 69

PYMNTS

APRIL 17, 2020

Sales volumes in February dropped, but by less than the 20 percent to 50 percent feared by Payoneer’s surveyed sellers. Payoneer’s preliminary sales volume numbers for March indicate growth, but as stock markets tumble and uncertainty and disruption increase, this situation could quickly change. However, a new problem is now arising.

On-Demand 92

On-Demand Shutdown Volume Procedures 92

Stax

DECEMBER 20, 2023

Products and services offered Industry risk Transaction size and volume Chargeback volume Billing policies As a software provider, you can implement some best practices to make these processes as streamlined as possible, so your users can get up and running with payments ASAP.

Underwriting 88

Underwriting Process Payment APIs and Integration Enrollments 88

PYMNTS

SEPTEMBER 21, 2020

Risk factors include monitoring the volume/nature of the transactions and government responsibilities. The agencies offered a bit more transparency in identifying politically exposed persons to aid in AML efforts.

Fincen 139

Fincen AML Suspicious Activity Report (SAR) Financial Crimes 139

VISTA InfoSec

JULY 5, 2023

This widely accepted set of policies and procedures is designed to enhance the security of credit, debit, and cash card transactions, while also protecting cardholders from the misuse of their personal information. This is important for protecting patients’ privacy and preventing financial losses. That’s a lot of money!

PCI DSS 130

PCI DSS Compliance Data Breach Breach 130

Nanonets

MAY 22, 2023

Financial controls are the procedures, policies, and means by which an organization monitors and manages its revenues, costs, budgets, cash flow, and other financial aspects. This involves considering different perspectives, such as profitability, expenditures, safety, and scale of production or volume.

Automation 98

Automation Procedures Audit Process 98

Fi911

DECEMBER 19, 2023

This scale of fraud is challenging for systems dependent solely on human detection, especially considering the increasing volume of online transactions. ML-enabled tools and procedures are introducing predictive analytics, real-time fraud detection, and automation to dispute management at the banking level. trillion annually by 2025.

Fraud Prevention 94

Fraud Prevention Fraud Detection Point-of-Sale (POS) Online and Mobile Banking 94

PYMNTS

JUNE 3, 2020

Bad actors often find them a more appealing target than the apps to which they are connected, as they can bypass in-app authentication procedures and seize control of all connected apps at the same time by infiltrating the API’s code. These APIs are constantly threatened by fraud, however. Developments From Around The World Of B2B APIs.

Real Time Payments 75

Real Time Payments API B2B MFA 75

PYMNTS

JANUARY 27, 2020

This task will become more difficult as real-time payments demand increases, causing PSPs to rapidly perform security procedures. PSPs must ensure that onboarding procedures adequately vet new merchant clients without becoming a deterrent to joining. Identity Verification and Confirmation .

AML 62

AML Service Provider Real Time Payments Money Laundering 62

The Fintech Times

OCTOBER 23, 2024

The growing volume of information financial institutions are required to collect and process to meet regulatory requirements is believed to be exacerbating the internal challenges firms face regarding operational efficiency, resource allocation, and the ability to streamline KYC processes. It can no longer take a back seat.

Process 59

Process Money Laundering Procedures AI 59

PYMNTS

APRIL 29, 2020

Because the cryptocurrency space remains in its relative infancy, and because it has been marred with a high volume of negative press over its years, banks may not be able to understand whether a business is truly bankable or not. ius, “but also understanding if the business model is rational, or just another get-rich-quick scheme.”

Cryptocurrency 113

Cryptocurrency Cross-Border Compliance AML 113

VISTA InfoSec

FEBRUARY 13, 2024

The challenge for many organizations lies in managing the sheer volume of updates across a wide range of software and devices. This plan outlines the procedures that organisations should follow in the event of a cyberattack and guarantees a coordinated and efficient response aimed at minimising damage.

Cybersecurity 130

Cybersecurity Audit Best Practices Mitigation 130

PYMNTS

DECEMBER 9, 2020

BitGo’s AML procedures are double-edged, incorporating both a client authentication system at the point of sign-up and a back-end analysis system that identifies and flags suspicious transactions that could indicate money laundering. regulations.”. Transaction Monitoring Behind The Scenes.

Money Laundering 66

Money Laundering Cryptocurrency AML Bitcoin 66

Stax

MAY 7, 2024

With credit card transaction volume hitting over $9.5 The transactional procedures are the authorization, clearing, and settlement processes of the funds being transferred. Sales volume Sales volume is another factor affecting credit card processing fees. When was the last time you withdrew cash from an ATM?

Credit Cards 88

Credit Cards Process Processors Online and Mobile Banking 88

The Finance Weekly

JULY 31, 2023

When it comes to finance, if a software system can analyze and comprehend increasing volumes of data and evolve to provide better insights, it can be considered AI software. Utilizing ChatGPT eliminates any excuses for inadequate writing proficiency when it comes to drafting procedures.

AI 130

AI Finance Procedures Accounts 130

PYMNTS

SEPTEMBER 29, 2020

Insight Partners’ investment occurs as vendors and payors have to transition from procedures based on hard copies as the coronavirus has quickly sped up the adoption of digital payments in the cargo market.

Payment Networks 59

Payment Networks B2B Payer Payments 59

The Fintech Times

FEBRUARY 14, 2024

This involves considering the size of your organisation and the volume of processed invoices. In terms of e-invoicing, there are complex rules and procedures that govern business activities. Consider developing a composable strategy, allowing for specialist solutions that address specific regional problems.

Automation 103

Automation Process Duplicate Compliance 103

The Fintech Times

MARCH 20, 2024

“We are told that going cashless is super convenient, is quick and easy, but when card systems crash, these businesses can’t seem to cope, and they don’t have adequate backup procedures in place to accept cash payments. Secondly, people who don’t carry enough cash are increasingly left high and dry and can’t pay for their goods. “My

Contactless Payments 115

Contactless Payments Push-to-Card Payments Online and Mobile Banking 115

PYMNTS

NOVEMBER 2, 2020

A number of firms in North America are still entering supplier bill information by hand, but the Palette's AP automation infrastructure offers capture technology to cut down on manual mistakes, digitize the invoice information input procedure and decrease fraud, according to the announcement.

Automation 56

Automation B2B Procedures NOV 56