The Payments Association

FEBRUARY 10, 2025

Payment Service Providers must strengthen due diligence, monitoring, and collaboration with regulators to address these risks. Financial regulators are intensifying scrutiny, highlighting gaps that PSPs must urgently address. What’s next? This makes them particularly useful for firms operating and managing complex flows.

IBAN 88

IBAN AML Master Account Due Diligence 88

PYMNTS

SEPTEMBER 21, 2018

. “A typical real estate customer will have multiple banking relationships, hundreds of checking accounts, multiple integration packages and they want to provide multiple payment types to suppliers.” “The conversation is changing with suppliers,” she noted.

Checks 53

Checks Payments Master Account Commercial Card 53

PYMNTS

JUNE 1, 2020

Edwards termed real-time payments “an ACH killer … it’s moving today’s batch process of banks exchanging files with each other to a Federal Reserve centric master account to an ‘instant’ way for banks to do it.”. Speed of payments changes the fraud equation, and the balance that needs striking.

Cross-Border 69

Cross-Border Payments Privacy Issuers 69

EBizCharge

NOVEMBER 12, 2024

Understanding the factors that affect the merchant underwriting process is crucial for merchants seeking to establish or maintain their merchant accounts. This knowledge helps businesses assess their risk profile and address areas of concern before submitting a merchant application.

Underwriting 52

Underwriting ISOs Risk Assessment Assessments 52

The Payments Association

MARCH 18, 2025

It appears to address concerns that banks were pressured to deny service to digital asset businesses. One notable change is the removal of “reputational risk” as a consideration when evaluating applications for master accounts. Similar worries exist in the UK, where firms face uncertainty over banking access.

Federal Reserve 88

Federal Reserve Stablecoins Fed Settlement 88

The Payments Association

JANUARY 31, 2025

’ against digital asset companies (see below, Other Key Developments in Crypto ) and the FRBs refusal to permit Custodia Bank to open a master account. However, the Order does not otherwise expressly address fair access to banking services for digital asset market participants. Notably, US banking regulators (e.g.,

Stablecoins 88

Stablecoins Office of the Comptroller of the Currency Treasury FDIC 88