PYMNTS

OCTOBER 20, 2020

20) as it announced its new product, executive team and initial funding round. The product is a cloud-native platform that enables retailers to deliver digital commerce experiences without having to rely on expensive engineering resources. We’re saying we can come and be very complementary to your product.”.

Third Party Vendors 95

Third Party Vendors Technology Product API 95

PYMNTS

FEBRUARY 28, 2019

which suffered a data breach last year as the result of a cybersecurity incident at a third-party vendor. T-Mobile ‘s breach in 2015 that compromised the data of 15 million customers was the result of a third-party security lapse, too. Such cases have been reported at Ticketmaster U.K.

Risk 65

Risk Data Breach Third Party Vendors Cybersecurity 65

The Fintech Times

JUNE 29, 2024

Ross Lancaster head of research at Acuiti “For firms that are not already operating under MIFID II, MiCA will present a significant operational lift to become compliant, and it is no surprise that we found that firms were looking to third-party vendors to assist them in their preparations,” says Ross Lancaster headof research at Acuiti.

Stablecoins 138

Stablecoins Regulations Compliance Cryptocurrency 138

The Fintech Times

JUNE 7, 2024

The upgrade boasts the ability to enhance productivity by as much as 90 per cent and result in significant cost savings. Launched on Thursday 6 June at Money20/20 Europe, the new AI copilot enhances ‘Luci’, an existing offering from Lucinity, making it far easier to integrate into financial institutions.

Financial Crimes 64

Financial Crimes Crime AI Third Party Vendors 64

PYMNTS

JULY 12, 2017

Since its 2015 inception, Amazon has generated massive amounts of money by offering up discounts on its tech devices and third-party vendor’ products. It’s no secret that Amazon’s Prime Day has become a highly sought-after shopping day for consumers over the last few years.

Third Party Vendors 40

Third Party Vendors Product Consumer 40

PYMNTS

SEPTEMBER 7, 2016

“Sellers can see whether a product requires a fee to sell when they search for that product using the ‘Add a Product’ tool on Seller Central.” Many merchants acquire heavily discounted goods from third-party vendors and then resell them on Amazon for a marked-up price.

Third Party Vendors 40

Third Party Vendors Rules Laws Authorization 40

PYMNTS

JUNE 29, 2018

disclosed it had suffered a data breach, the company also revealed the cause of the cybersecurity incident: a third-party vendor. Ticketmaster revealed this week that Inbenta Technologies, which provides Ticketmaster a customer support software solution, had malicious software in its product. When Ticketmaster U.K.

Cybersecurity 49

Cybersecurity Breach Risk Third Party Vendors 49

PYMNTS

MARCH 8, 2019

million through a program he had set up to find and commission third-party vendors, amid deal-making for products used in Cisco manufacturing efforts. Former Global Supply Chain Director Prithviraj R. Bhikha was accused of bilking the company of as much as $9.3

Third Party Vendors 59

Third Party Vendors Phishing Due Diligence Push-to-Card 59

The Fintech Times

DECEMBER 11, 2023

. “Identity providers will also continue to be targeted, with modern defensive postures being able to bypass controls like multi-factor authentication while threat actors will continue to target third-party vendors to scale their attacks. In fact, our claims data has shown a significant increase in this activity.

Cybersecurity 107

Cybersecurity Ransomware Authentication AI 107

PYMNTS

OCTOBER 30, 2020

With the disruption of the market this year, there have been a lot of vendors struggling financially," said Taylor Allis , chief product officer at Avetta. Because people have to be more agile in their operations, they'll rely on contractors and supply chain vendors more," he noted.

Risk 73

Risk Third Party Vendors Risk Management Risk Mitigation 73

PYMNTS

APRIL 16, 2019

The Italian watchdog said in a press release that it is looking into allegations that Amazon only granted enhanced visibility on the website to third-party vendors using its logistics service. The watchdog also announced that officials carried out inspections in the offices of some of the companies involved in the inquiry.

Authorization 43

Authorization Third Party Vendors Regulations Governance 43

Global Fintech & Digital Assets

DECEMBER 21, 2023

Third-Party Risk Banks furnishing BNPL loans may not have direct control over the activities of third-party vendors or merchants.

OCC 59

OCC BNPL Electronic Fund Transfer Act (EFTA) Federal Trade Commission 59

PYMNTS

DECEMBER 28, 2016

The growth in automation solutions and product offerings not only created greater efficiencies and cost reductions, it has paved the way for new strategies and technologies to streamline business processes further in 2017.”. A Look Back. Businesses are looking to automate back-end processes in order to focus on their core competencies.

Third Party Vendors 47

Third Party Vendors B2B Automation Accounts 47

PYMNTS

NOVEMBER 6, 2019

JPMorgan Chase developed an eWallet product for tech companies like Airbnb, Lyft and Amazon designed to help them provide customers with virtual bank accounts, Bloomberg reported on Wednesday (Nov. JPMorgan’s wholesale payments sector was responsible for 10 percent of the company’s $109 billion in 2018 revenue, the report noted. .

eWallet 41

eWallet Third Party Vendors Accounts Non-Bank 41

PYMNTS

OCTOBER 1, 2019

Amazon strictly prohibits the sale of counterfeit products,” the eCommerce giant said. “We The company said that its counterfeit spotting technology begins to work from the second a third-party vendor registers an account. “In Amazon said it took the issue very seriously.

Third Party Vendors 43

Third Party Vendors Blocks Accounts Continuity 43

PYMNTS

AUGUST 1, 2019

More than 50 percent of Amazon’s sales are from products offered by third-party vendors. . Both eBay and Amazon have a similar sales model, even though eBay used to be more known as an auction site. Lately, 90 percent of its goods are sold at a fixed price.

Third Party Vendors 43

Third Party Vendors Governance Government Accounts 43

PYMNTS

MAY 13, 2016

It took longer than expected from a company in the business of delivering its product quickly, but Wendy’s has at last opened up about getting hit with a credit card breach. Rumors of a possible breach at a number of the fast food chain’s locations were first reported (by Krebs on Security) back in January.

Breach 43

Breach Third Party Vendors Law Enforcement Credit Union 43

PYMNTS

OCTOBER 4, 2019

Instant gratification also demands instant visibility, she added, offering clarity on transactions and products in real time. FIs have been slower to embrace APIs to stitch together the different parts of the application process (and tie together multiple third-party vendors) into one seamless flow. Especially in the U.S.,

Push-to-Card 79

Push-to-Card Credit Union Online and Mobile Banking Third Party Vendors 79

PYMNTS

AUGUST 26, 2016

It hid the fact that it was building them into financial products, and it made the process of canceling said services difficult. 25) in a written statement, while also noting that many of the services the CFPB took issue with had been offered through a third-party vendor with whom they have since severed ties.

CFPB 40

CFPB Credit Cards Third Party Vendors Push-to-Card 40

PYMNTS

NOVEMBER 6, 2019

JPMorgan Chase developed an eWallet product for tech companies like Airbnb, Lyft and Amazon designed to help them provide customers with virtual bank accounts, Bloomberg reported on Wednesday (Nov. JPMorgan’s wholesale payments sector was responsible for 10 percent of the company’s $109 billion in 2018 revenue, the report noted. .

Third Party Vendors 40

Third Party Vendors Accounts eWallet Non-Bank 40

PYMNTS

DECEMBER 8, 2019

They buy modules and code from third-party vendors and the larger supply chain and don’t write the code themselves. As well, the product warns that uncommon scripts might be in use — a signal of potential risk and potential fraud. “We For some companies, it will be less of a problem than for others. Consumer Awareness.

Consumer 53

Consumer Third Party Vendors FBI Security 53

PYMNTS

SEPTEMBER 29, 2017

Through its Platform Payouts product, PingPong aims to reduce both the time and costs for Chinese internet sellers to receive international payments from eCommerce platforms in their local currency. It is the sole payment platform to focus exclusively on repatriating eCommerce revenue to China.

Governance 51

Governance Government Cross-Border Cross-Border Payments 51

PYMNTS

JULY 19, 2017

Basically, the realm of DTC enables businesses to both manufacture and sell their products without involving third parties. For years, the mass production side of the retail industry dominated, but with the introduction of eCommerce, retailers suddenly had a new avenue to reach the consumer.

Consumer 40

Consumer Third Party Vendors Product End User 40

PYMNTS

SEPTEMBER 4, 2019

One state might tax a product that another excludes from levies, for example, and not all states offer the same small business tax exemptions. More than 30 states have implemented “marketplace facilitator” provisions requiring tax collection for platforms enabling third-party vendors to sell products.

Third Party Vendors 51

Third Party Vendors Laws Facilitators Small Business 51

FICO

FEBRUARY 14, 2023

Firstly, data science and product management teams can work more productively together to drive deeper insights across the organization’s operations and customer data. Benefits of the Composable Enterprise Model The composable enterprise model helps organizations realize digital transformation with numerous benefits.

Third Party Vendors 52

Third Party Vendors Interoperability Blocks Automation 52

PYMNTS

DECEMBER 14, 2017

The recent success of companies in the FinTech space is driving more FIs to seek out FinTech partners and third-party vendors for collaboration opportunities, he added. Meanwhile, FinTechs can more easily connect with established banks to help bring their innovations to scale.

API 69

API Economy Payment APIs and Integration Third Party Vendors 69

PYMNTS

APRIL 19, 2019

The move means that any number of stakeholders will have to update tech, but then again, as Guillaume Princen, head of continental Europe at payments processor Stripe (which is offering new products geared to smoothing the transition to SCA) said, “Merchants have been sleepwalking into SCA.”

Zelle 50

Zelle Third Party Vendors Tax Refunds Online and Mobile Banking 50

Segpay

OCTOBER 18, 2023

Criminals abuse a legitimate merchant account to process illegal or fraudulent payments for illegal products or services. Source: Infosys Here's how transaction laundering typically works: Legitimate Front Business: A legitimate online business or merchant sells legal products or services (I.e.,

Transactions 52

Transactions Due Diligence Money Laundering Legal 52

Exact Payments

SEPTEMBER 13, 2023

Online Marketplaces The third major category of businesses that are becoming PayFacs is online marketplaces. Online marketplaces like Amazon and eBay are e-commerce platforms that sell goods and/or services from a wide range of third-party vendors.

Facilitators 52

Facilitators Payment APIs and Integration Third Party Vendors ISVS 52

PYMNTS

NOVEMBER 7, 2019

And JPMorgan Chase developed an eWallet product for tech firms to help them provide clients with virtual bank accounts. JPMorgan Chase developed an eWallet product for tech firms designed to help them provide clients with virtual bank accounts. Also, Amazon Australia is teaming with buy now, pay later (BNPL) startup Zip Co.

eWallet 40

eWallet BNPL Third Party Vendors Wire 40

PYMNTS

SEPTEMBER 29, 2017

In addition to providing software to businesses, Eden is also building out its digital marketplace — a platform through which businesses can connect with third-party vendors to gain access to services like office management, cleaning, repairs and more.

Treasury Management 46

Treasury Management Third Party Vendors Treasury B2B 46

Stax

MARCH 15, 2025

Software companies are always on the lookout for new ways to build a better product offerings for their customers. As a result, SaaS businesses need to become more innovative in how their platform features and product offerings address their user’s unique operations and set of business needs. Enter payment monetization.

Enrollments 88

Enrollments Payment APIs and Integration Payments Online and Mobile Banking 88

PYMNTS

JULY 5, 2019

RILA further warned that tech companies have the power to favor their own products over sellers on their platforms, collect data about competitors and allow for the spread of counterfeit goods. Cases of this type have come up before, and Amazon has always won — until now.

Regulations 43

Regulations Third Party Vendors Federal Trade Commission Rules 43

PYMNTS

JUNE 16, 2016

Byrnes explained that without the right fraud prevention solution in place, retailers could put themselves at a higher risk of violating the 1 percent chargeback rule, threatening their ability to accept payments for all products. Therefore, many retailers are turning to third-party providers to support payment and fraud management instead.

Third Party Vendors 40

Third Party Vendors Risk Fraud Detection Fraud Prevention 40

PYMNTS

SEPTEMBER 24, 2019

And in other wrinkles, more than 30 states have what are known as “marketplace facilitator” provisions that stipulate platforms that enable third-party vendors to sell their products must collect and remit taxes on behalf of their marketplace sellers.

Third Party Vendors 46

Third Party Vendors Laws Rules Transactions 46

PYMNTS

NOVEMBER 27, 2017

Product cycles are shorter than ever, said Wain. On top of that, success isn’t measured by simply developing a really cool, creative product. Success happens when that product makes it out into the world and proves itself to be reliable, secure and scalable. Throw whatever you want, and we’ll be ready.”.

Innovation 40

Innovation Third Party Vendors Product NOV 40

Nanonets

MAY 31, 2023

The operation of any business hinges on the procurement of essential goods and services from third party vendors.  While Purchasing is a transactional function that involves sourcing and acquiring products and services. Examples are machinery, raw materials, chemicals, etc.

Process 52

Process Automation Product Third Party Vendors 52