The Paypers

MARCH 11, 2024

Ant Group , the fintech affiliate of Alibaba Group Holding, has increased the mobile payment transaction limits for overseas visitors to Alipay and international e-wallets in China.

Transaction Limits 41

Transaction Limits Transactions Mobile Payments FinTech 41

Fintech Finance

FEBRUARY 19, 2025

With unlimited inbound transfers, high outbound transaction limits, enhanced security, and competitive pricing, this product also gives Lili’s small business customers the option to pay and get paid via wire transfer as quickly as 24 hours later.

International Payments 94

International Payments Wire Transfer Wires Wire 94

PYMNTS

MARCH 23, 2020

would raise the contactless pay limit from £15 ($17.43) to £45 ($52.29) in response to the coronavirus , which has sent waves of disruption through the world’s economies as people are encouraged to stop going out, and sectors of the public sphere have to close down in an attempt to stave off the spread of the virus.

Transaction Limits 56

Transaction Limits Transactions Contactless Payments Visa 56

Fintech News

MARCH 3, 2025

Transfers can only be made from funds topped up via PayNow or a linked bank account, with transaction limits set at S$20,000 per transaction and S$100,000 annually. Security measures include OTP verification and PIN or biometric authentication for transactions exceeding S$1,000.

Multi-Currency 103

Multi-Currency Cross-Border Payments Cross-Border Transaction Limits 103

The Paypers

MARCH 27, 2020

The European Banking Authority (EBA) has issued a statement urging the European payments industry to increase contactless transaction limits to EUR 50 (USD 54.97).

Transaction Limits 39

Transaction Limits Transactions Authorization Payments 39

Finextra

MARCH 8, 2024

In response to China's new policies to facilitate international visits, Ant Group is raising single-transaction limit for international travellers using its cross-border payment services from USD 1000 to USD 5000; and annual cumulative transaction limit up from USD 10,000 to USD 50,000.

Transaction Limits 45

Transaction Limits Cross-Border Payments Cross-Border Transactions 45

The Paypers

SEPTEMBER 24, 2021

Lloyds Bank , Halifax , and Bank of Scotland have announced they will allow customers to set their own contactless card limits when the new GBP 100 transaction limit starts in October 2021.

Transaction Limits 44

Transaction Limits Transactions 44

The Paypers

APRIL 6, 2021

Nacha has announced that the Same Day ACH payments transaction limit will be increased to USD 1 million.

Same Day ACH 34

Same Day ACH Transaction Limits ACH NACHA 34

Fintech News

NOVEMBER 12, 2024

In joint accounts, parents retain full control over account operations, while sole-name accounts for minors have stricter safeguards, such as lower daily transaction limits of S$50 to S$100, which parents can adjust. Such accounts aim to instill financial management skills in children while providing a controlled environment.

Accounts 106

Accounts Financial Literacy Transaction Limits Scams 106

Payments Source

APRIL 28, 2020

Barclays has experienced an incremental £264 million (about $330 million) in contactless spend in the month since it raised its per-transaction limit in response to the coronavirus pandemic, which has created an aversion to cash and contact payments.

Contactless Payments 97

Contactless Payments Volume Transaction Limits Payments 97

Fintech Finance

JULY 3, 2024

Key Benefits: Optimized payment flows: Perfectly matching Zimpler’s A2A solution for larger transactions with Swish’s efficiency for smaller payments, ensuring smooth and reliable payments for fast-moving industries. Market Growth: Enhancing the user experience to help businesses expand and thrive in the Swedish market.

Transaction Limits 105

Transaction Limits Payments Instant Payments Addressing 105

NFCW

JUNE 27, 2024

To use the service, the merchant enters the transaction amount in the usual way and the customer then taps their contactless card to the merchant’s payment terminal.

Contactless Payments 103

Contactless Payments Transaction Limits Payments Payment Networks 103

The Fintech Times

APRIL 2, 2025

The business continually enhances security features, this year launching in-app calls to help customers quickly expose impersonation scams, as well as implementing real-time AI fraud detection systems, transaction limits, biometric authentication requirements and providing educational resources to help consumers stay informed about potential risks.

Scams 59

Scams Consumer Financial Crimes Encryption 59

Fintech News

AUGUST 7, 2024

Key among these measures are a default transaction notification threshold of S$100 or lower and a daily transaction limit of no more than S$1,000. Gan addressed concerns in parliament about the risks associated with cross-border instant money transfers, particularly for vulnerable groups such as the elderly.

Cross-Border Payments 107

Cross-Border Payments Cross-Border Scams Transaction Limits 107

Finovate

NOVEMBER 14, 2024

Payfinia used IPX’s fraud prevention capabilities to tailor user controls and permit higher transaction limits, allowing the funding to be sent in $500,000 increments to its account at U.S. Each transaction settled in less than five seconds. million in Seed funding. ” said Star One CEO Gary Rodrigues.

Credit Union 59

Credit Union Same Day ACH Credit Union Service Organization FedNow 59

EBizCharge

MARCH 20, 2025

Depending on the gateway, bank policies, and transaction type, this can range from instant to several business days. Are there transaction limits on Sage payment gateways? These limits are typically set to protect against fraud and manage financial risk. Are there transaction limits on Sage payment gateways?

Payment Gateways 52

Payment Gateways Gateways Payment APIs and Integration Payments 52

NFCW

JANUARY 16, 2024

REMIT: As part of its work the Swiss National Bank carries out research on central bank-related topics A new study from Swiss National Bank has revealed that the increases in contactless transaction limits that were rushed through in many countries during the Covid pandemic drove an increase in the use of contactless payments but led to only a minor (..)

Contactless Payments 122

Contactless Payments Research Consumer Central Bank 122

Payment Savvy

JUNE 7, 2023

Venmo for Business Fees & Transaction Limits If you’re considering using Venmo for your small business, you must be aware of the fees and transaction limits associated with Venmo Business Accounts. As for the fees, these will differ depending on the type of transaction. Only available in the US.

Venmo 98

Venmo Transaction Limits Accounts Transactions 98

Fintech News

JANUARY 2, 2024

Moreover, a new transaction limit of S$1,000 for YouTrip Send has been set, adding an extra layer of security against unauthorised peer-to-peer transfers. Further securing user accounts, a 12-hour cooling-off period is now in place for new logins, aiming to prevent unauthorised access and changes to personal information.

Caps 107

Caps Multi-Currency Transaction Limits Scams 107

Payments Source

MAY 23, 2017

Apple Pay's recent move to waive the £30 contactless transaction limit in the U.K. removes one of the key restraints it faced when competing with credit and debit cards at the checkout. But at this point in the mobile wallet adoption cycle, does this change really matter to consumers and merchants?

Debit Card 68

Debit Card Rules Transaction Limits Transactions 68

The Fintech Times

JANUARY 20, 2025

Sanita Jaundzeikare, product owner at DECTA Sanita Jaundzeikare , product owner at DECTA said: Working with a client like Urbo Bank, who had a clear vision and strong commitment to innovation, was fantastic.

EMV 59

EMV Payment APIs and Integration Authentication Processors 59

Payments Source

JANUARY 23, 2020

In a move to increase the attractiveness of its Real-Time Payment (RTP) network, The Clearing House is raising the transactional limit for single payments to $100,000 starting February 1, 2020.

Real Time Payments 63

Real Time Payments RTP Transaction Limits Payments 63

Fintech Finance

OCTOBER 11, 2024

.” The credit union worked with Diebold Nixdorf to implement: Vynamic ® Transaction Middleware to replace their legacy switch systems, which will help the credit union offer faster and more customizable transactions, as well as the ability to update existing services quickly in the future.

Credit Union 98

Credit Union ATM Transaction Limits Transactions 98

Fintech News

DECEMBER 10, 2023

The Reserve Bank of India (RBI) has announced a series of updates, including an increase in the transaction limit for the Unified Payments Interface (UPI), particularly for payments related to medical and educational services.

FinTech 107

FinTech Transaction Limits Central Bank Privacy 107

PYMNTS

JULY 15, 2019

King noted that PayPal indeed has that scale, with 277 million active customers spanning its markets, adding that the transaction limits across the just-announced expansion stand at just under 9,000 GBP. In addition, the current transaction limits in the U.S. business stand at $50,000. “We

PayPal 80

PayPal Cross-Border Transaction Limits P2P 80

The Paypers

DECEMBER 10, 2021

UK-based Santander Bank has announced that its customers can now set their own contactless transaction limit lower than the maximum of GBP 100 introduced by the UK government.

Transaction Limits 57

Transaction Limits Government Governance Transactions 57

PYMNTS

JANUARY 28, 2020

.’s newest real-time payment rails, the RTP network, is looking to expand the opportunity for payers to use the faster payment rail by increasing transaction limits. Announced last week, the higher transaction thresholds raise the limit from $25,000 to $100,000 starting Feb.

Same Day ACH 79

Same Day ACH RTP NACHA ACH 79

Fintech News

JANUARY 14, 2024

The police and DBS jointly recommend the installation of the ScamShield App to safeguard against scam calls and SMSes, alongside enabling two-factor authentication for bank accounts and setting transaction limits. They also remind the public that bank employees will never request internet banking details or OTPs.

Phishing 107

Phishing Scams Authorization Transaction Limits 107

The Payments Association

MARCH 10, 2025

Facing transaction limits or restrictions from payment processors. Payment approvals: Some MCCs face transaction limits or outright bans. How to optimise your MCC code and reduce risk If your business is wrongly classified under a high-risk MCC, you might be: Paying higher processing fees due to perceived risk.

Fraud Prevention 88

Fraud Prevention Processors Disputes Compliance 88

PYMNTS

OCTOBER 11, 2018

In a post on its Toutiao social media account, Reuters reported it said users who linked their accounts via Apple IDs should lower their transaction limits. Reuters , citing Ant Financial , the payment affiliate of Alibaba, reported the Chinese company said the issue hasn’t been resolved even though it reached out to Apple already.

Cross-Border 81

Cross-Border Breach Transaction Limits Blockchain 81

Fintech News

OCTOBER 22, 2024

Respondents also said they had adjusted their transaction limits to reduce the impact of fraud losses (53%), enhanced security on their banking apps (40%), undertaken security audits of their mobile banking infrastructure (32%), and partnered with network operators or device makers to enhance security (26%).

APACS 120

APACS Online and Mobile Banking Fraud Prevention Fraud Detection 120

Neopay

SEPTEMBER 11, 2024

The review highlighted the complexity of these frauds, noting that many large-scale scams were made up of multiple smaller transactions, which reduces the effectiveness of transaction limits as a protective measure. This issue is key in demonstrating why stronger protections beyond transaction limits are necessary.

Caps 52

Caps Consulting Scams Fraud Prevention 52

The Payments Association

FEBRUARY 10, 2025

Mitigating risks by limiting the number of vIBANs issued to a single customer, imposing transaction limits on vIBAN usage based on the risk profile and enhancing scrutiny of high-risk accounts through periodic audits or on-site visits.

IBAN 88

IBAN AML Master Account Due Diligence 88

PYMNTS

JANUARY 20, 2019

Instead, the companies were forced to tell users with Apple IDs to lower the transaction limits on their accounts to prevent fraud. Ant Financial, the payment affiliate of Alibaba and the company behind Alipay, expressed frustration at the time because the issue wasn’t resolved even after the company reached out to Apple.

Breach 59

Breach Transaction Limits Regulations Mobile Payments 59

The Paypers

MARCH 13, 2024

Global technology company Wise has obtained a Type 1 licence in Japan to support higher transaction limits.

Transaction Limits 36

Transaction Limits Transactions Technology 36

PYMNTS

JANUARY 12, 2021

The latest announcements come after Mastercard said in the spring of 2020 that it was advocating higher transaction limits across the globe for contactless payments. In one example of support for such limit increases, back in March, the U.K.

Contactless Payments 99

Contactless Payments Visa Payment Gateways Payments 99

PYMNTS

NOVEMBER 23, 2018

With the new policies, changes include lowering the transaction limits on the sale of store-branded gift cards. “By working collaboratively with these retailers, we’ve created a way for businesses to take proactive steps to prevent scams,” New York State Attorney General Barbara Underwood said in a statement.

Federal Trade Commission 62

Federal Trade Commission Scams FTC Transaction Limits 62