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ISO20022: The big shift to structured addresses

Finextra

Soon, ISO 20022, a messaging standard designed to improve how payments are processed and communicated, will become the global norm. Soon, ISO 20022, a messaging standard designed to improve how payments are processed and communicated, will become the global norm. And unfortunately, more work is ahead for everyone.

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Mastercard Rolls Out First-Party Trust in APAC and Beyond to Address Friendly Fraud

Fintech News

Mastercard is also working with partners across the payments ecosystem to tackle broader first-party fraud issues, including refund and return abuse. Earlier this year, the company formed an industry working group to address these challenges collaboratively.

APACS 90
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Thai Governor Highlights Data, Cross-Border Payment Initiatives at SFF 2024

Fintech News

Sethaput Suthiwartnarueput, Governor of the Bank of Thailand , recently addressed the Singapore Fintech Festival, sharing insights on Thailand’s advancements in digital finance. Looking ahead, he highlighted Thailand’s efforts to strengthen cross-border payment connectivity through projects like Nexus and mBridge.

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What Canadian Merchants Need to Know About International Payment Processing

Clearly Payments

As Canadian businesses look to expand internationally, one crucial component of successful growth is handling cross-border payments smoothly and efficiently. Selling products and services internationally means facing new challenges, especially regarding payment processing, regulatory requirements, currency exchanges, and fraud prevention.

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Address Verification Service (AVS)

Cardfellow

Address Verification is used in all kinds of credit card scenarios. In Visa’s merchant guide to chargebacks , the company indicates that you’ll be in a better position for defending chargebacks if you used AVS and received a “Code Y: street address and 5-digit zip code match” notification. When is AVS used?

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Mastercard Advances Stablecoin Use for Consumer Payments, Merchant Settlements

Fintech News

Mastercard has introduced new global capabilities to enable stablecoin transactions from wallets to checkouts, expanding its role in digital asset payments. The payment giants approach covers wallet enablement, card issuance, acceptance, and settlement options to support the everyday use of stablecoins alongside traditional money.

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ProjectPay’s Fintech Payments Platform to Support UK Government

Fintech Finance

ProjectPay , the construction payments fintech, which received a project grant funded by the government’s innovation division, Innovate UK, to research and test how to solve cashflow problems in the construction industry, has now published its findings. The report has been provided to the government.