The Payments Association

OCTOBER 28, 2024

Payment leaders must focus on fraud prevention, collaboration with tech and telecom sectors, and public education to mitigate future risks. Particularly concerning is the growing sophistication of these attacks, which target personal and corporate accounts through increasingly convincing deceptions. What’s next?

Scams 88

Scams Push-to-Card Fraud Detection Online and Mobile Banking 88

Cardfellow

JUNE 25, 2025

During this time, the revenue from the disputed sale is withheld from your account. Incorrect Account Number 12.5: Incorrect Account Number 12.5: Incorrect Account Number 12.5: At this point, there is a very good chance that the account will simply be terminated by the bank or credit card processor.

Disputes 98

Disputes Credit Cards Card Association Acquirers 98

Fi911

DECEMBER 31, 2024

Maintaining a low chargeback rate is crucial for businesses, as excessive chargebacks can lead to increased fees, strained relationships with payment processors, or even the termination of merchant accounts. They may even see the termination of merchant accounts. How do Merchants Calculate Their Chargeback Rate?

Disputes 98

Disputes Processors Visa Verification 98

Fintech News

APRIL 25, 2025

Data from identity verification specialist Sumsub reveal that identity fraud incidents have more than doubled in the past three years, with account takeovers and deepfakes emerging as major concerns. Notably, account takeovers witnessed a remarkable increase, increasing by 250% year-over-year (YoY) on a worldwide basis.

Deepfake 101

Deepfake APACS Account Takeovers Verification 101

The Payments Association

DECEMBER 2, 2024

From safeguarding consumers against fraud to accelerating innovation in digital payments, regulators across the globe have introduced sweeping reforms aimed at addressing the challenges and opportunities of an increasingly digital and interconnected economy.

Regulations 88

Regulations Instant Payments Consumer Protection Payments 88

Stax

JANUARY 23, 2025

Learn More What is Merchant Account Underwriting? Merchant account underwriting is the evaluation process payment processors use to assess whether a business meets the criteria for accepting credit card payments. The primary purpose of merchant account underwriting is to mitigate risks for payment processors and credit card networks.

Underwriting 68

Underwriting PCI DSS Money Laundering Processors 68

Neopay

DECEMBER 24, 2024

These scams, where individuals are tricked into sending money to fraudulent accounts, cause financial loss and emotional devastation, eroding trust in payment systems and the broader digital ecosystem. Facebook alone accounted for 44% of these scams (67,337 cases) , with losses totalling 19.5 of total losses (107.2

Romance Scams 52

Romance Scams Scams Consumer Audit 52

Fi911

DECEMBER 3, 2024

By setting a cap on the number of transactions a user can initiate within a specific period, velocity checks aid in reducing the incidence of fraud, thereby mitigating potential losses to merchants. The function of velocity checks extends to monitoring the frequency and speed of cardholder transactions, logins, and account modifications.

Checks 52

Checks Fraud Prevention Account Takeovers Fraud Detection 52

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. “Star One is proud to support Payfinia and its vision of making instant payments accessible to all account holders in the U.S.,”

Credit Union 59

Credit Union Same Day ACH Credit Union Service Organization FedNow 59

The Payments Association

JUNE 3, 2025

The necessity of tokenisation in digital payments The traditional view of tokenisation as a fraud mitigation tool is outdated. While still central to security, modern tokenisation addresses broader demands: interoperability across platforms, reduced operational costs, and improved customer experience.

Security 88

Security Payment Security Payment APIs and Integration Credential 88

The Payments Association

JANUARY 3, 2025

A roundtable discussion among merchants addressing the evolving challenges of fraud in their operations across various sectors. On 19 November 2024, merchants from across sectors gathered in London as part of The Payments Associations Financial Crime 360 (FC360) series to address the ever-evolving challenge of fraud in their operations.

Fraud Detection 88

Fraud Detection Fraud Prevention Participant Financial Crimes 88

Stax

MARCH 11, 2025

The merchant account : this is a special bank account that allows you to accept and process credit and debit card payments. The acquiring bank : the is the financial institution that issued the merchant account and receives the funds from the transaction into that merchant account until the payout date.

Online Payment Processing 88

Online Payment Processing Process Payment Gateways Online and Mobile Banking 88

The Payments Association

JANUARY 13, 2025

It addresses how evolving regulations shape the digital asset landscape, influencing innovation, compliance, and global competitiveness. Firms must proactively review their terms of service and dispute resolution mechanisms to mitigate potential liabilities. Why is it important? What’s next?

Legal 88

Legal Stablecoins Cross-Border Due Diligence 88

Fintech Review

APRIL 20, 2025

The risks range from phishing and account takeovers to ransomware and insider threats. Cybertech helps mitigate these risks by securing each layer of the stack from device authentication to back-end systems. Because financial data is highly valuable, banks and fintechs are required to maintain rigorous security protocols.

Finance 59

Finance Security Fraud Detection Encryption 59

The Payments Association

JANUARY 21, 2025

Payments providers will need to prioritise interoperability and compliance to unlock growth while addressing security and volatility concerns. Decentralisation, through DeFi and CBDCs, is driving financial innovation, addressing challenges like financial crime and cybersecurity, and meeting growing demand for secure, efficient solutions.

Payments Trends 88

Payments Trends Financial Crimes Cross-Border Payments 88

EBizCharge

MARCH 18, 2025

The Sage 100 system provides comprehensive tools for accounting, financial management, inventory control, manufacturing, and distribution. Additionally, Sage 100 integrations provide automated reconciliation, ensuring that transactions are accurately matched to invoices and recorded in accounts receivable (AR) without manual effort.

Credit Cards 52

Credit Cards Process Security Data Breach 52

Fi911

JUNE 20, 2025

These synthetic identities often use valid Social Security numbers belonging to children or individuals without credit histories, combined with fictitious names and addresses. However, digital banking expansion spreads risk nationwide as physical presence becomes less important for account opening.

Identity Theft 52

Identity Theft Verification Database Authentication 52

The Payments Association

JULY 15, 2025

Questions address both immediate challenges (fraud prevention, regulatory compliance, technology readiness) and forward-looking opportunities (AI implementation, collaborative defence strategies, regulatory evolution). Modern fraud prevention extends beyond loss mitigation itself.

Financial Crimes 88

Financial Crimes Crime Fraud Prevention Deepfake 88

The Payments Association

FEBRUARY 10, 2025

The Economic Crime and Corporate Transparency Act 2023, specifically the “failure-to-prevent fraud” offence, and outlines how businesses can mitigate fraud risks. This legislation represents a significant shift in corporate accountability, aiming to strengthen the UKs legal framework against financial crime.

Crime 88

Crime Fraud Prevention Risk Assessment Due Diligence 88

Stax

NOVEMBER 14, 2024

There are also risk holds—a routine procedure that most companies experience within the first few weeks of processing with a new merchant services account. In this context, they accept the funds from the sale once a card is authorized and deposit them into the business’ bank account. Issuing Bank: The cardholder’s bank.

Credit Cards 88

Credit Cards Process Online and Mobile Banking Payment APIs and Integration 88

The Fintech Times

MARCH 28, 2025

Martina Selser , head of account management at Unlimit Mexico Martina Selser , head of account management at Unlimit Mexico, commented: Were committed to providing innovative solutions for our partners which help them deliver exceptional service for their customers.

Process 71

Process Payments Mitigation Payments Tools 71

EBizCharge

DECEMBER 18, 2024

Here are four main functions and purposes of clearinghouses: Risk mitigation: The clearinghouse aims to mitigate risk by ensuring each party fulfills its obligations to reduce the chances of a party defaulting. These clearinghouses provide stability and mitigate risk in futures markets.

Facilitators 52

Facilitators Transactions Settlement Mitigation 52

EBizCharge

MARCH 14, 2025

These policies should also include phone numbers, email addresses, and physical store locations (if applicable). For online purchases, businesses may also require customers to return items using the same account or email address used for the original order. Refunds are not prorated after the renewal date.

Returns 52

Returns Disputes Legal Non-Bank 52

The Payments Association

JUNE 16, 2025

These scams, where victims are deceived into sending money to accounts controlled by fraudsters, resulted in losses of £450.7 Social media platforms and telecommunications companies, where most scams originate in terms of both volume and value, must be brought into the discussions on accountability and stopping fraud at its source.

Scams 88

Scams Assessments Consumer Protection Fraud Prevention 88

The Payments Association

NOVEMBER 25, 2024

By undermining regulated channels, de-risking paradoxically amplifies the very threats it aims to mitigate. As MSBs like PFS face operational challenges due to account closures, customers’ need for remittance services does not diminish. Banks should be held accountable for unjustified blanket de-risking practices.

Risk 88

Risk Financial Crimes AML Financial Inclusion 88

Trade Credit & Liquidity Management

JUNE 2, 2025

Understanding these perspectives helps you identify and address any misconceptions, paving the way for smoother collaboration. Proactive Account Updates: Keep sales informed about accounts with payment issues or upcoming credit holds. Advance notice allows sales to address problems early and maintain customer trust.

Liquidity Management 52

Liquidity Management Risk Mitigation Risk Assessments 52

Stax

DECEMBER 9, 2024

Debit or credit card chargebacks are when a disputed charge made to a merchant’s account is refunded to the customer’s bank account. As well as chargeback fees, there’s also the risk of banks choosing to freeze or even terminate merchant accounts. What Are Credit Card Chargebacks?

Credit Cards 88

Credit Cards Process Disputes Card Issuer 88

Fintech News

JULY 21, 2025

Strengthening GenAI Cyber Risk Education In July 2024, MAS issued an information paper to help financial institutions better understand the cyber risks linked to GenAI, including risk implications and mitigation measures.

FinTech 71

FinTech Scams AI Risk 71

Evolve Payment

JULY 15, 2025

If counterfeit bills are deposited, banks may debit the business’s account, resulting in direct financial losses. Accounting and Reconciliation: Managing cash requires meticulous record-keeping and reconciliation, which is time-consuming and prone to errors. This speed improves customer satisfaction and operational efficiency.

Cash Management 52

Cash Management Reconciliation Payments Audit 52

Fintech News

FEBRUARY 10, 2025

The Regulatory Minefield as Agentic AI Picks Up Its Pace As Agentic AI rapidly evolves in its development and application, regulators face several concerns that need to be carefully addressed to ensure its safe and ethical use within the fintech sector. From fraud prevention to financial inclusion, its applications are vast and impactful.

AI 88

AI FinTech Fraud Detection Fraud Prevention 88

EBizCharge

MARCH 11, 2025

These fees may include charges for access to financial management tools, cloud hosting, and support services in Acumatica, as well as fees from payment processors for maintaining a merchant account and facilitating transactions. By keeping a close eye, merchants can address issues and maintain low costs.

Processing Costs 52

Processing Costs Process Credit Cards Payment Gateways 52

Clearly Payments

NOVEMBER 18, 2024

Operational challenges: A high chargeback ratio could lead to higher processing fees or the loss of your merchant account. Effective chargeback management mitigates these risks while protecting your bottom line and customer relationships. Post-Chargeback Analysis Identify trends or patterns in chargebacks to address underlying issues.

PCI DSS 59

PCI DSS Address Verification System (AVS) Disputes Card Network Rules 59

The Payments Association

JUNE 16, 2025

It highlights major trade-offs in security, privacy, and policy that must be addressed before offline CBDC payments can scale. More complex risks, like counterfeiting and double spending, also need to be addressed to build trust. Retailers and service providers may favour synchronous models to mitigate payment disputes.

Settlement 88

Settlement CBDC Payment APIs and Integration Privacy 88

EBizCharge

JANUARY 14, 2025

Seamless gateway integrations with other business tools , such as shopping carts and accounting software, can reduce manual work and streamline operations, saving time and resources. Merchants that offer quick transfers can improve cash flow, user experience, and accounting processes.

Payment Gateways 52

Payment Gateways Gateways Payment APIs and Integration Online and Mobile Banking 52

Finextra

JUNE 9, 2025

In addition to mitigating fraud, this would also enable banks to compete with the likes of Venmo and PayPal in facilitating mobile, peer-to-peer (P2P) payments. 16 hours See all opinions External This content is provided by an external author without editing by Finextra.

ISO 20022 52

ISO 20022 ISOs FedNow TCH 52

Fintech News

DECEMBER 22, 2024

However, these bilateral linkages are resource-intensive, a challenge thats being addressed through Project Nexus. In the first nine months of the year, Singapores fintech companies bagged US$745 million in funding, accounting for 53% of fintech funding amount and 62% of deal count in Southeast Asia.

FinTech 115

FinTech Cross-Border Payments Cross-Border Money Laundering 115

Neopay

DECEMBER 4, 2024

In a world increasingly driven by digital interactions, scams and fraud remain significant challenges, with fraud accounting for 39% of all reported crime in England and Wales. This supports transparency and helps demonstrate accountability under UK GDPR. Accountability: Implement “data protection by design and default.”

Scams 52

Scams Fraud Prevention Laws Assessments 52