VISTA InfoSec

MARCH 6, 2024

Requirement 10 has seen some notable updates that expand logging capabilities and provide more flexibility for merchants and service providers. Other Logs Review "periodically" based on the company's risk assessment Periodic review is still required but now explicitly mentioned in Requirement 10.4.2 PCI DSS v4.0

PCI DSS 130

PCI DSS Procedures Best Practices Assessments 130

The Payments Association

FEBRUARY 17, 2025

Technology innovations and core banking networks eliminate friction in global transactions, making financial services available to those previously excluded due to high fees or long processing times. The business case for financial inclusion Beyond its social impact, McKinsey states that financial inclusion represents a $3.7

Innovation 88

Innovation Cross-Border Financial Inclusion Payment APIs and Integration 88

Fintech News

MAY 29, 2024

Singapore has released an Environmental Crimes Money Laundering National Risk Assessment (NRA), highlighting the primary threats and vulnerabilities associated with it. Environmental crimes, such as illegal wildlife trafficking and illegal logging, generate an estimated US$110 billion to US$281 billion in criminal gains annually.

Money Laundering 113

Money Laundering Crime Risk Law Enforcement 113

Fintech Finance

DECEMBER 6, 2024

Equifax (NYSE: EFX) and Mastercard (NYSE: MA) have joined forces to empower Latin American financial institutions, payment service providers, acquiring banks, and merchants to overcome payment fraud challenges without disruption to the customer experience. of their e-commerce revenue to payment fraud. .

Visa 98

Visa Fraud Prevention Risk Assessment Payments 98

VISTA InfoSec

NOVEMBER 4, 2024

It is a digital security framework that works alongside the General Data Protection Regulation (GDPR) to provide strong security protection to financial entities and ICT service providers from cybercrimes. Having a transparent approach will reinforce trust and will help you manage reputational risk.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

It is a digital security framework that works alongside the General Data Protection Regulation (GDPR) to provide strong security protection to financial entities and ICT service providers from cybercrimes. Having a transparent approach will reinforce trust and will help you manage reputational risk.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

It is a digital security framework that works alongside the General Data Protection Regulation (GDPR) to provide strong security protection to financial entities and ICT service providers from cybercrimes. Having a transparent approach will reinforce trust and will help you manage reputational risk.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

It is a digital security framework that works alongside the General Data Protection Regulation (GDPR) to provide strong security protection to financial entities and ICT service providers from cybercrimes. Having a transparent approach will reinforce trust and will help you manage reputational risk.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

The Paypers

MARCH 15, 2022

Wolters Kluwer and NYDIG has launched Bitcoin Risk Assessment – NYDIG Clients to provide regulatory assessments for financial institutions looking to offer their customers access to Bitcoin services provided by NYDIG.

Risk Assessment 31

Risk Assessment Assessments Bitcoin Risk 31

Stax

JANUARY 23, 2025

Whether you’re running a small eCommerce shop or managing a high-risk industry venture, understanding merchant underwriting can help you navigate the approval process and maintain a strong partnership with your payment service provider. Learn More What is Merchant Account Underwriting?

Underwriting 68

Underwriting PCI DSS Money Laundering Processors 68

Fintech News

JUNE 23, 2024

Singapore has released its updated Money Laundering (ML) National Risk Assessment (NRA) , highlighting increased risks in the digital payment token (DPT) services sector. Other high-risk sectors include real estate, licensed trust companies, casinos, and precious metals.

Money Laundering 109

Money Laundering Risk Crime Law Enforcement 109

Fintech Finance

AUGUST 27, 2024

The MiCA regulation aims to foster the use of innovative technologies by setting a regulatory framework that covers crypto-assets (including stablecoins), crypto-assets issuers and crypto-asset service providers to protect the rights of holders in the EU. As an EU regulation, it is directly applicable to all 27 EU member states.

Stablecoins 112

Stablecoins Multi-Currency Regulations Risk Mitigation 112

CB Insights

MAY 18, 2021

Bouncer : California-based Bouncer is a card-scanning and risk detection technology platform that identifies fraudulent transactions by running automated card authentications. Stripe recently acquired a cloud-based tax services provider, TaxJar. The company is currently valued at $95B. Want the full post?

Fraud Detection 74

Fraud Detection Authentication Acquirers Risk Assessment 74

The Finance Weekly

SEPTEMBER 23, 2021

Customers entrust confidential information to financial service providers such as banks, brokerage firms, and credit unions. It will ensure that regulatory standards are met while also reducing the risk of data breaches. It keeps track of all transactions across multiple computer networks in a digital ledger. Cybersecurity.

Risk Assessment 130

Risk Assessment Cross-Border AI Automation 130

Finovate

JUNE 4, 2024

Headquartered in Lithuania, AMLYZE offers anti-financial crime solutions for a variety of financial services providers, including fintechs, banks, and cryptocurrency firms. “We see this partnership as an excellent addition to our current partnership ecosystem in Northern Europe and beyond.”

Financial Crimes 64

Financial Crimes Crime Risk Assessment AML 64

The Paypers

OCTOBER 9, 2023

Automated, end-to-end identity verification, risk assessment, and compliance solutions provider Jumio has expanded its partnership with pure-play data services provider NextWealth.

Risk Assessment 45

Risk Assessment Verification Assessments Compliance 45

PYMNTS

JUNE 22, 2017

The EU Second Payment Services Directive (PSD2), which will become law by January 2018, will force banks operating within the EU to offer read and write access, so that, with a person’s consent, third-party apps and services can access their bank account data, including making and receiving payments on their behalf. “We

API 62

API FinTech Risk Assessment Verification 62

EBizCharge

JANUARY 16, 2025

MCCs serve a range of sectors, from retail outlet services to transportation services. They categorize beauty shops, service providers like furniture rental and repair, and other businesses. Fraud detection and risk assessment: MCCs assist fraud detection and risk assessment operations by flagging suspicious transactions.

Credit Cards 52

Credit Cards Processors PCI DSS Fraud Detection 52

The Fintech Times

AUGUST 28, 2024

Adjusting to MiCA The MiCA regulation aims to foster the use of innovative technologies by setting a regulatory framework that covers crypto-assets (including stablecoins ), crypto-assets issuers and crypto-asset service providers to protect the rights of holders in the EU.

Stablecoins 80

Stablecoins Multi-Currency Risk Mitigation Risk Assessment 80

The Fintech Times

SEPTEMBER 24, 2024

“By automating risk assessments and ensuring encryption and secure data management, regtech not only reduces the chances of human error but also enables continuous monitoring for data breaches, thereby safeguarding privacy in an increasingly complex digital landscape.

Privacy 107

Privacy Compliance PCI DSS Rules 107

Finovate

FEBRUARY 15, 2024

Taktikal Taktikal is a regtech cloud solution that allows fintech companies to set up regulated workflows faster than ever before in a no-code self-service environment. Payment providers, financial service providers, insurance companies, professional services, and banks.

Due Diligence 59

Due Diligence Risk Assessment CRM AI 59

VISTA InfoSec

FEBRUARY 28, 2024

Requirement 8.3.10.1: Applies to all Service providers (companies that store or process payment card data for others) The Rule: If customers log in with only a password: Option 1: Force password changes every 90 days (about 3 months). Higher risk systems need more frequent changes. Conclusion: PCI DSS v4.0

PCI DSS 130

PCI DSS Best Practices Authentication Rules 130

The Finance Weekly

JUNE 7, 2022

Outsourcing responsibility: Outsourcing to a managed security service provider (MSSP) is a well-established tactic, particularly for companies that need to secure resources quickly or that cannot hire and retain adequate staffing. Inadequate risk management, governance, and compliance. Strategic mistakes 1.

Cybersecurity 130

Cybersecurity Breach Privacy Risk Management 130

Finovate

JANUARY 15, 2025

” The panel will look at the rise of lending integrations, the role of AI in risk assessment, embedded finance regulation, and more. Where you’ll see it: FinovateEurope will host an entire stage dedicated to discussing banking regulation and risk.

Embedded Finance 52

Embedded Finance FinTech Payment APIs and Integration AI 52

Segpay

JANUARY 30, 2025

Yet, for all its transformative potential, AI companies struggle to partner with a secure payment service provider (PSP), because of regulatory concerns surrounding emerging technologies. The EU AI Act classifies AI systems into four different risk levels: unacceptable, high, limited, and minimal risk.

Merchant Payment Processing 52

Merchant Payment Processing Processors AI Process 52

PYMNTS

MARCH 12, 2018

The fraudster, PwC found, may have been an agent, supplier, service provider or customer. 57 percent of survey respondents said annual or routine processes were what prompted risk assessments, while 48 percent noted it was part of their enterprise risk management strategy.

Small Business 54

Small Business Cybersecurity Risk Assessment Data Breach 54

Neopay

MARCH 5, 2024

Virtual Assets Supervision: FATF will publish an overview of steps taken to regulate Virtual Asset Service Providers (VASPs) to address gaps in implementing Recommendation 15, which aims to regulate and supervise VASPs for AML/CFT purposes.

AML 52

AML Risk Assessment Money Laundering Assessments 52

VISTA InfoSec

OCTOBER 20, 2023

Perform ePHI Risk Assessment: Potential Threats: Identify threats to ePHI assets, including natural disasters, technical issues, and security threats. Impact Analysis: Assess the potential impact on ePHI assets post threat identification, considering downtime, data loss, and financial implications. Who will communicate?

Disaster Recovery 130

Disaster Recovery Regulatory Compliance Procedures Duplicate 130

PYMNTS

NOVEMBER 15, 2018

Part of his vision, he explained, is for blockchain to connect all members of the B2B value chain — businesses, their vendors, financial service providers, tax authorities, auditors, accountants, and more — enabling them all to see the information they need to operate efficiently.

B2B 74

B2B Blockchain Risk Assessment Payments 74

The Fintech Times

MARCH 29, 2024

From enhancing risk assessment accuracy to personalising products and services, insurers are leveraging data analytics to optimise decision-making processes, mitigate risks and cater to evolving consumer needs. “Fraudulent claims are a key concern for every insurance company. .”

Risk Assessment 59

Risk Assessment Underwriting Assessments Risk 59

Global Fintech & Digital Assets

DECEMBER 11, 2023

Covered financial institutions now face heightened expectations in relation to cybersecurity governance, risk assessment, and incident reporting. Risk assessments should also be reviewed whenever a new business model is adopted or a new product is introduced.

Cybersecurity 59

Cybersecurity Multifactor Authentication Risk Assessment MFA 59

M2P Fintech

DECEMBER 17, 2024

A risk assessment follows, evaluating the merchants profile through credit checks and performance analysis, leading to application approval or rejection based on these findings. Clear communication channels are maintained between merchants and service providers to address transaction-related issues promptly.

Fraud Detection 52

Fraud Detection PCI DSS Disputes Settlement 52

VISTA InfoSec

MARCH 5, 2024

Now is the time for organizations to re-evaluate their physical security strategies, conduct updated risk assessments, and refine their protection processes to align with these enhanced standards. Our PCI DSS services provide assurance on card security controls, with offerings for both product platform and backend services attestation.

PCI DSS 147

PCI DSS Procedures Assessments Checks 147

Fintech Review

SEPTEMBER 5, 2024

Today, the company announced major enhancements to its platform that bridge the gap between Web2 and Web3, enabling real-time risk assessment and the proactive blocking of scams like pig butchering, ransomware, sextortion, and others. AI is pioneering a new era in fraud prevention. In 2023, investment scams alone led to more than $4.5

Scams 52

Scams Blocks AI Fraud Prevention 52

The Fintech Times

NOVEMBER 27, 2024

Now, Sumsub’s clients can ensure alignment with stringent regulatory requirements, with Elliptic providing coverage of cryptoassets and blockchains available on the market. Together with Elliptic, we can provide powerful tools to streamline compliance, mitigate risks, and stay ahead of emerging threats in the sector.”

Transactions 59

Transactions Financial Crimes Crime Blockchain 59

FICO

AUGUST 7, 2019

According to industry reports, revenue loss due to leakage, churn and fraud accounts for around 4% of total DSP (Digital Service Providers) revenue despite existing business assurance systems already in place. Fighting Fraud and Controlling Risk in New Service Requests.

Risk Assessment 40

Risk Assessment Assessments API Best Practices 40

VISTA InfoSec

NOVEMBER 12, 2024

Levels 2-4 : Businesses with lower transaction volumes (up to 6 million annually) may not require an on-site assessment, but they must complete a Self-Assessment Questionnaire (SAQ) and conduct quarterly scans. To learn in detail about the 4 levels of PCI DSS check out PCI compliance levels for merchants & service providers.

PCI DSS 130

PCI DSS Compliance Encryption Audit 130