Clearly Payments

NOVEMBER 18, 2024

This article outlines how to structure your chargeback management team, define roles, implement processes, select the right software, and adhere to best practices. Chargebacks can arise from various reasons, including fraud, dissatisfaction with the product or service, or technical errors during payment processing.

PCI DSS 59

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

The Fintech Times

NOVEMBER 4, 2024

Under Project Guardian, an international collaboration of industry and regulators that explores the use of fund and asset tokenisation, the Monetary Authority of Singapore has conducted over 15 industry trials in six currencies across multiple financial products.

Authorization 83

Authorization CBDC Multi-Currency Settlement 83

The Fintech Times

FEBRUARY 28, 2025

Addressing these challenges is crucial for AIs responsible and sustainable integration in the fintech landscape. Identifying fraud tactics using AI Nick Campbell, chief product officer of payments at Clearent by Xplor Technologies AI is a double-edged blade. Its vital that they maintain the integrity of their systems.

AI 97

AI Regulations Best Practices Risk 97

Fintech News

DECEMBER 9, 2024

Under this initiative, over 15 industry trials across six currencies and multiple financial products have been conducted, demonstrating the viability and potential of tokenisation in capital markets. GL1 is not merely a technological endeavour; it also addresses the crucial aspects of governance, risk management, and compliance.

Cryptocurrency 117

Cryptocurrency Cross-Border Consumer Protection Facilitators 117

Fintech Finance

JANUARY 13, 2025

This strategic milestone underscores Mastercards commitment to supporting the country’s growing digital economy by providing innovative financial products and services tailored to the market. Mastercard has expanded its operations in West Africa with the opening of its first office in Accra, Ghana.

Visa 98

Visa Financial Inclusion Cross-Border Payments Cross-Border 98

Fi911

JANUARY 30, 2025

It represents a situation where customers show interest in a product by selecting it, yet they stop short of finalizing the transaction. Improved customer experience: By addressing the reasons behind cart abandonment, merchants can enhance their overall customer experience and build trust with their shoppers.

Addressing 62

Addressing Best Practices Returns Process 62

FICO

MARCH 11, 2020

When subscription fraud is not properly identified and addressed, the problem grows. Here are 4 best practices to fight subscription fraud. Start with a First Party Fraud (FPF) exposure assessment undertaken by reviewing across products, services and channels, identifying ownership & size of the FPF problem by department.

Best Practices 52

Best Practices Identity Theft Risk Rules 52

Payment Savvy

MAY 10, 2024

Below are 7 best practices on how to reduce cart abandonment, thus increasing sales and profit for your ecommerce business. Alternatively, highlighting the unique selling points and special features of your product is another good way to stand out from the competition. This guide contains those steps – and much more!

Best Practices 52

Best Practices Online and Mobile Banking Process Payment Solutions 52

Stax

FEBRUARY 19, 2025

This article explores how ISV partnerships can drive growth, key considerations when selecting an ISV partner, and best practices for successful collaborations TL;DR ISV partnerships help businesses access new customer segments and industries. Third-party security audits to ensure best practices are followed.

ISVS 88

ISVS Payment APIs and Integration API Best Practices 88

Stax

JANUARY 23, 2025

Step 5: Website and Product Review Compliance teams, product review specialists, or automated web-crawling tools inspect the merchants website to ensure adherence to acceptable use policies. This review checks the terms of service, refund policies, product listings, and whether any prohibited items are being sold.

Underwriting 68

Underwriting PCI DSS Money Laundering Processors 68

Fintech News

MARCH 24, 2024

The lounge, situated within Tech Mahindra’s Singapore campus, aims to support businesses in leveraging advanced technologies such as AI, Intelligent Automation, Hybrid Cloud, 5G, Edge Computing, and Cybersecurity to address complex challenges, improve customer service, reduce costs, and increase efficiency.

APACS 109

APACS Best Practices AI Cybersecurity 109

VISTA InfoSec

JUNE 7, 2024

Productivity in today’s highly digital business environment depends upon employees being able to access the systems and information they need for work when needed, from any location. With ZTNA, companies will no longer have to tolerate higher security risks in the name of maintaining productivity.

Micro-Entry 162

Micro-Entry Data Breach Breach Cybersecurity 162

EBizCharge

MAY 22, 2025

Understanding these differences is essential for addressing common challenges, such as manual errors, delayed invoices, and poor payment tracking, as they can strain customer relationships, limit payment flexibility, and lead to compliance issues. Billing is the process of charging customers for provided services, products, and resources.

Process 52

Process Best Practices Reconciliation Automation 52

The Payments Association

DECEMBER 18, 2024

Moore stresses the importance of proactively exploring these innovations to address both their opportunities and challenges. To address these issues, the PSR is focused on building trust and removing barriers. Demonstrating examples of good practice that can be widely adopted has the potential to create substantial change, he explains.

Innovation 88

Innovation Financial Crimes Payments Regulations 88

Fintech Finance

SEPTEMBER 13, 2024

This comprehensive guideline provides essential insights and best practices for financial institutions (FIs) as they navigate the complex landscape of instant payments. With contributions from industry experts, the guideline aims to help FIs enhance their operational readiness for real-time payments, including RTP® and FedNow®.

Instant Payments 131

Instant Payments Faster Payments FPC Real Time Payments 131

Electronic Transactions Association

MAY 10, 2022

WASHINGTON, DC (May 11, 2022) — The Electronic Transactions Association (ETA); INFiN, a Financial Services Alliance; the Money Services Business Association (MSBA); and The Money Services Round Table (TMSRT) today announced the release of Best Practices for U.S. The industry effort to identify and distribute Best Practices for U.S.

Best Practices 40

Best Practices Money Laundering Law Enforcement AML 40

Payment Savvy

MAY 10, 2024

Below, we put together 8 best practices for simplifying and optimizing your invoice process, ensuring a smooth and healthy cash flow for your business. Request the client’s name and surname, address (email and physical), telephone number, tax identification number, selected payment method, and other important information.

Best Practices 52

Best Practices Process Automation Payment Solutions 52

The Payments Association

NOVEMBER 12, 2024

“We’ve seen a slight uptick this year in firms considering the ability to build their own in-house transaction monitoring,” he notes, emphasising the allure of control and customisation for companies considering building their own product. I have quite strong views on why it might not be the best idea for some firms,” he claims.

Financial Crimes 88

Financial Crimes Crime Fraud Prevention Compliance 88

VISTA InfoSec

MARCH 6, 2024

System Configuration Outlines specific best practices (central time servers, external sources based on Atomic Time/UTC, peer syncing). Terminology Uses "timely detection and reporting" Shifts to "prompt detection, alerting, and addressing", emphasizing a quick response. Requirement v3.2.1 10.4.1 – 10.4.3) 10.6.1 – 10.6.3)

PCI DSS 130

PCI DSS Procedures Best Practices Risk Assessment 130

Fintech News

AUGUST 6, 2024

Singapore’s Minister for Transport and Second Minister for Finance, Chee Hong Tat, clarified that the Ministry of Culture, Community and Youth (MCCY) had addressed Income Insurance’s social mission and NTUC Enterprise’s rationale for the deal with Allianz.

Consumer Protection 109

Consumer Protection Consumer Risk Management Best Practices 109

The Payments Association

OCTOBER 23, 2024

Panelists will address the critical role of collaboration with fraud becoming a company-wide responsibility. As industries face increasing regulatory pressures, Seon Technologies will highlight the shared challenges of customer onboarding, fraud prevention and compliance, including how businesses navigate global KYC and AML regulations.

Fraud Prevention 88

Fraud Prevention Fraud Detection Best Practices AML 88

VISTA InfoSec

FEBRUARY 16, 2024

a: Verify that software-development processes align with industry standards/best practices. - The software should be developed based on industry standards and/or best practices for secure development. - This ensures a clear documentation trail of security practices. PCI DSS v3.2.1 PCI DSS v4.0 Requirement 6.3

PCI DSS 100

PCI DSS Procedures Best Practices Verification 100

Clearly Payments

SEPTEMBER 18, 2024

Customer Support Liaison: Ensures smooth communication with customers, addresses complaints before they escalate into disputes, and promotes customer satisfaction to minimize chargeback instances. Prevention: Provides recommendations for improving fraud detection tools like 3D Secure and Address Verification Service (AVS).

Disputes 105

Disputes Fraud Prevention Payments Credit Cards 105

Nanonets

OCTOBER 1, 2024

In case of exceptions, the system will alert suppliers, allowing them to quickly address issues, speeding up resolution times. This ensures that critical information like tax IDs, payment terms, and addresses are accurate and up-to-date. It encourages electronic invoice submission.

Best Practices 40

Best Practices Automation Multi-Currency Process 40

Nanonets

SEPTEMBER 23, 2023

Microsoft offers a range of ERP products designed to streamline business operations and improve overall efficiency. By leveraging Microsoft ERP solutions, businesses can enhance productivity, reduce costs, and make smarter strategic decisions. Implementing an ERP system offers numerous benefits to businesses.

Product 52

Product Multi-Currency Best Practices Automation 52

The Finance Weekly

FEBRUARY 22, 2023

For many entrepreneurs, the cause of their company's failure is not due to a flawed idea or product, but rather a failure to effectively manage the financial aspects of their business. While some small companies may seem profitable on paper, they may lack cash reserves due to inadequate accounting practices.

Finance 130

Finance Best Practices Accounts Advisors 130

FICO

JUNE 21, 2021

As the mainstream business world moves from the theoretical use of AI to production-scale decisioning, Auditable AI is essential because it encompasses more than the tenets of Responsible AI (AI that is robust, explainable, ethical and efficient ). Is the data representative of a production environment? Are they biased?

Audit 116

Audit AI Government Governance 116

The Fintech Times

NOVEMBER 18, 2024

To ensure that they are positioned for sustainable success, insurers need to address critical challenges hindering the ability to cater to customer demands. Under the new collaboration, Fujitsu and SAP Fioneer will collaborate on product planning, development, and marketing.

Best Practices 59

Best Practices On-Demand Addressing Underwriting 59

Clearly Payments

AUGUST 6, 2024

Product or Service Issues: Comprising 20% of chargebacks, these disputes arise from issues with the quality or delivery of products or services. However, Visa provides merchants with a longer response period of 30 days to address the chargeback dispute. Fraud: Unauthorized or fraudulent transactions.

Disputes 105

Disputes Visa Issuers Duplicate 105

Fintech News

MAY 20, 2024

The webinar will address the underutilization of transactional data by banks and its potential to drive customer engagement, increase customer lifetime value, and enhance business impact. Moreover, AI fosters the creation of new financial products and services previously inconceivable.

FinTech 135

FinTech Embedded Finance BNPL On-Demand 135

Fi911

MAY 22, 2024

Refunds usually occur when the payee agrees to return the funds, either due to a canceled order or a returned product. That said, there are some best practices that merchants can deploy to prevent many payment reversals. Address customer complaints and inquiries promptly to resolve potential issues before they escalate.

Payer 104

Payer Address Verification System (AVS) Disputes Payee 104

Fi911

DECEMBER 5, 2023

The question then becomes: how can financial institutions assist merchant clients in effectively addressing the surge in chargebacks to safeguard their operations? For example, substandard product quality or inadequate customer service, which could be reflected in increased chargeback activity. appeared first on fi911blog.

Visa 105

Visa Disputes Non-Bank Risk 105

Global Fintech & Digital Assets

MARCH 5, 2024

Regulator sets out its expectations for banks looking to provide digital asset custody services, and sell and distribute tokenised products. Additionally, the Securities and Futures Commission (SFC) and the HKMA published guidance around distribution of virtual asset products (e.g.,

Authorization 59

Authorization Product Due Diligence Procedures 59

Open Banking Excellence

SEPTEMBER 27, 2024

The growth in account ownership in LATAC can be attributed mainly to the increased availability of mobile money accounts, which, in turn, has led to greater accessibility to mobile financial products for previously marginalised groups, including women, low-income people and other historically excluded sectors of the population.

Financial Inclusion 147

Financial Inclusion FinTech Laws Regulations 147

VISTA InfoSec

MARCH 5, 2024

Changes Scope Addresses specifically visitor access and authorization. Our PCI DSS services provide assurance on card security controls, with offerings for both product platform and backend services attestation. PCI DSS v4.0 Requirement v3.2.1 (9.4, 9.4.1 & 9.4.2) Part of a broader sub-requirement (9.3) PCI DSS v4.0

PCI DSS 147

PCI DSS Procedures Assessments Checks 147

The Fintech Times

OCTOBER 19, 2024

But the reality is ESG is a way for banks to do business, and must be addressed proactively at the top of every board’s agenda. Offering a single ‘green’ product in a sea of traditional offerings won’t cut it; instead, all digital banking products must be developed with an ESG framework in mind.

On-Demand 106

On-Demand Financial Inclusion Consulting Product 106

Fintech News

DECEMBER 13, 2023

Wealth Management Summit Asia March 14, 2024 The Westin Singapore, Singapore The Wealth Management Summit Asia , taking place on March 14, 2024 at the Westin Singapore, aims to serve as a platform for market-leading private banks, family offices, and wealth managers to address challenges and opportunities in Asia’s wealth management landscape.

FinTech 113

FinTech Web 3.0 Payment APIs and Integration APACS 113