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Nium, Kinexys by JP Morgan Enhance Cross-Border Payment Accuracy in Asia

Fintech News

Morgan (formerly Onyx) to enhance cross-border payment accuracy in Malaysia, Thailand, and Hong Kong, This makes Nium the first fintech to provide data for validating bank account details in these markets. The solution helps prevent unnecessary fees, delays, and customer dissatisfaction.

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New NACHA Rule Could Catch Payment Processors, Merchants, FIs Off-Guard

PYMNTS

In a new PYMNTS interview, David Barnhardt, executive vice president of product at GIACT , which offers fraud detection and account validation tools, talks about an upcoming change by NACHA, national administrator of the ACH network, to make internet-initiated debit transactions (WEB debits) safer and more seamless.

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GIACT On Getting Ready For Nacha's Debit Account Verification Changes

PYMNTS

To that end, in an interview with PYMNTS, Kimber Johnson , executive vice president of strategic alliances at GIACT , said account validation is of increasing importance in an age where commerce is speeding up, and increasingly, moving online. The old saying goes: Faster payments, faster fraud.

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ACH Fraud Is Rising - And New NACHA Measure Leaves Gaps

FICO

NACHA, the payments clearing house through which ACH transactions flow, reported a banner year in 2020, posting an 8.2% Additionally, ACH internet transactions rose 15% from 2019 to 2020. As it happens, 2020 was a banner year for ACH fraud, too. The short descriptions are: Manual validation with a voided check.

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5 Keys to Managing Merchant Risk in Onboarding & Monitoring

FICO

The best practice is to leverage both application data and external data from the growing marketplace of data vendors who provide critical insight and scoring of things like bank account validation, email addresses, IP addresses, device IDs and negative hotlists. 2020 McKinsey Global Payments Report).

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