Finextra

JUNE 12, 2025

Webinar The final countdown: What’s next for Verification of Payee? The Verification of Payee (VOP) deadline is just around the corner. Could VoP become the global standard for payee verification, similar to how GDPR reshaped data privacy? However, the need for Payee Verification, aka KYP (Know Your Payee), goes beyond Europe.

Payee 52

Payee On-Demand Verification Payment APIs and Integration 52

The Fintech Times

JANUARY 7, 2025

Tietoevry Banking , a financial software solution provider based in the Nordics, has registered with the European Payments Council as a provider of routing and verification mechanisms (RVM) for verification of payee (VoP) solutions.

Payer 59

Payer Payee Verification Instant Payments 59

Fintech News

JUNE 18, 2025

It uses a patented technology that combines randomised colour sequences and AI-driven analysis to confirm the presence of a real human in real time during identity verification. Bala Kumar “Attackers are using tools that were once confined to research labs. said Bala Kumar, Chief Product and Technology Officer at Jumio.

Deepfake 105

Deepfake Fraud Detection AI Verification 105

The Payments Association

DECEMBER 9, 2024

These capabilities make LLMs ideal for real-time fraud detection, transaction monitoring, and identity verification, helping payment providers stay one step ahead of fraudsters and ensuring a more secure financial ecosystem. Generative AI also addresses training challenges for AI models.

Privacy 88

Privacy Payment Security AI Security 88

Fintech News

JUNE 12, 2025

Fraud in Asia Pacific’s fintech and healthtech industries has risen sharply over the past year, according to new data from global verification provider Sumsub. This method is particularly concerning in sectors like fintech and healthtech, where digital onboarding and remote verification are commonly used.

Deepfake 93

Deepfake APACS FinTech Verification 93

Stax

DECEMBER 12, 2024

With PCI-compliant systems in place, verification not only minimizes financial losses but also saves valuable time that could be better spent growing the business. They feature built-in fraud protection tools such as tokenization, CVV verification, 3D Secure (3DS), and IP address monitoring. Mobile payment solutions.

Small Business 88

Small Business Online and Mobile Banking Volume Checks 88

Fi911

DECEMBER 18, 2024

Geolocation is the process of identifying the geographic location of a device, user, or object using data such as GPS coordinates, IP address, Wi-Fi positioning, or cell tower triangulation. Wi-Fi Positioning Wi-Fi positioning relies on the unique MAC addresses of nearby Wi-Fi access points to pinpoint a user’s location accurately.

Fraud Prevention 97

Fraud Prevention Fraud Detection Addressing Authentication 97

Fintech Finance

DECEMBER 12, 2024

The new solution supports payment service providers (PSPs) in offering Verification of Payee services to their customers that fulfill the requirements of the Instant Payments Regulation (IPR) and of the VOP Scheme developed by the European Payments Council (EPC). EBA CLEARING today announced the launch of its SEPA-wide VOP solution.

Payee 98

Payee Verification IBAN End User 98

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 leads to inadequate due diligence.

IBAN 88

IBAN AML Master Account Due Diligence 88

Clearly Payments

JANUARY 15, 2025

Address Verification Service (AVS) Fees What It Is: AVS is an extra layer of fraud protection that checks the billing address entered by the customer. Why Its Hidden: Often listed as an annual compliance fee or security fee, and merchants sometimes arent aware they can shop around for lower compliance service costs.

Process 105

Process Processors Gateways Push-to-Card 105

The Payments Association

JUNE 9, 2025

One of RT2’s key resilience features is its trusted independent data store, which serves as a high-integrity reference for continuous data verification. It addresses growing needs for resilience, speed, and innovation across the payments landscape.

ISO 20022 88

ISO 20022 Payment APIs and Integration ISOs Interoperability 88

Clearly Payments

NOVEMBER 13, 2024

Card Verification and Authentication : BINs support the verification process by providing immediate access to the issuing institution’s information. Verification and Approval : The issuing bank reviews the transaction, confirms the cardholder’s account details, and assesses if there are sufficient funds or available credit.

Process 104

Process Processors Payments Compliance 104

Basis Theory

NOVEMBER 12, 2024

Instead of using the original sensitive data, developers and their applications use previously-generated tokens to execute traditional operations that sensitive data would provide, like performing analyses, generating documents, or customer verification. Anyone considering tokenization must consider this extra dependency.

Encryption 157

Encryption Payment APIs and Integration PCI DSS Returns 157

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. Mortgages see less synthetic identity fraud due to stricter verification requirements and the difficulty of monetizing real estate quickly.

Identity Theft 52

Identity Theft Verification Database Authentication 52

Fintech Finance

JUNE 8, 2025

Smartphones have become one of the most trusted tools for identity verification today, used instinctively and seamlessly to confirm purchases, access medical records, even unlock homes with just a fingerprint or a glance. ” The path forward: seamless identity and consent Efforts are underway to address these mismatches.

Online and Mobile Banking 86

Online and Mobile Banking Authentication Credential Verification 86

Fi911

DECEMBER 31, 2024

Implement Secure Payment Solutions : Adopt fraud prevention tools like CVV verification, address verification service (AVS), and 3D Secure to mitigate the risk of unauthorized transactions.

Disputes 98

Disputes Processors Visa Verification 98

Clearly Payments

JULY 23, 2025

To stay in good standing: Respond to disputes promptly Use pre-transaction fraud tools (3DS2, address verification, etc.) Visa and Mastercard thresholds (2025): Visa: 0.9% of total transactions Mastercard: 1.0% Some processors will flag merchants at even lower levels.

Compliance 65

Compliance PCI DSS Processors Disputes 65

Fintech Finance

JULY 2, 2025

Banqup Group , the company behind the trusted digital platform Banqup, has announced a partnership with iPiD , a global leader in payee verification technology. This move directly addresses one of the most common forms of business fraud—manipulated or spoofed payment instructions in digital invoices. “At

Payee 52

Payee Payment Security Security Verification 52

Stax

APRIL 3, 2025

For eCommerce payment systems, these measures include two-factor authentication, fraud filters, real-time transaction monitoring, card verification value, device fingerprinting, and address verification system. You can also add other security preferences like address verification (AVS) or card verification (CVV) checks.

Payment Solutions 88

Payment Solutions Payment APIs and Integration Payment Gateways Gateways 88

Cardfellow

JUNE 25, 2025

Use Address Verification Service (AVS) Consider using the Address Verification Service anti-fraud tool. AVS works by comparing a customer’s name, address, and zip code with the information on file at the credit card company.

Disputes 98

Disputes Credit Cards Card Association Acquirers 98

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

Stax

JANUARY 23, 2025

Key steps include application review, risk assessment, credit checks, and compliance verification. Step 4: KYC and AML Checks Compliance officers or automated systems integrated with KYC and AML verification services verify the identity of business owners and ensure compliance with anti-money laundering regulations.

Underwriting 68

Underwriting PCI DSS Money Laundering Processors 68

Fintech Review

APRIL 20, 2025

In the financial sector, it includes fraud detection, threat intelligence, data encryption, biometric verification, and risk monitoring. Key Technologies in Cybertech The landscape includes a wide range of solutions, each addressing a different part of the threat environment.

Finance 59

Finance Security Fraud Detection Encryption 59

The Payments Association

JUNE 3, 2025

While still central to security, modern tokenisation addresses broader demands: interoperability across platforms, reduced operational costs, and improved customer experience. Traditionally, identity verification and credential storage were separate from payment processes.

Security 88

Security Payment Security Payment APIs and Integration Credential 88

The Fintech Times

JULY 16, 2025

Signicat , the pan-European digital identity platform, is set to acquire Inverid , a Dutch NFC-based digital identity verification solution provider, for an undisclosed sum. By leveraging ReadID, a flagship NFC-based identity document verification solution created by Inverid, Signicat bolster its existing offering. “By

Verification 45

Verification Acquirers End User Government 45

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

Fintech News

APRIL 28, 2025

The product aims to address long-standing challenges in crypto use, including the complexities of managing private keys and the historical risk of losing digital assets due to forgotten credentials. The rollout will begin with selected markets before expanding globally over the coming months.

Web 3.0 71

Web 3.0 Money Laundering Stablecoins Payments 71

The Fintech Times

MARCH 28, 2025

Through the collaboration, Mastercard is combining its global capabilities with Ethio Telecom’s extensive customer base to address critical barriers to financial access and economic empowerment in and around Ethiopia.

Financial Inclusion 69

Financial Inclusion Visa Cross-Border Cross-Border Payments 69

Finextra

JUNE 26, 2025

It also demands stronger verification steps before approving transactions. How PCI DSS affects your digital payment operations When you’re PCI DSS compliant, you reduce the risk of costly breaches. It encourages banks and financial institutions like yours to open up their systems through APIs.

PCI DSS 52

PCI DSS AML Process Payment APIs and Integration 52

Fi911

DECEMBER 3, 2024

The analysing algorithm considers a multitude of data elements to detect any anomalistic behavior, including: email addresses names device details IP addresses card numbers Either credit card information or IP addresses can initiate these velocity limits, thereby alerting to any suspicious transaction volumes or repeated submissions.

Checks 52

Checks Fraud Prevention Account Takeovers Fraud Detection 52

EBizCharge

MARCH 18, 2025

So, it’s crucial to monitor and address any security issues that may arise. Merchants must address any security challenges associated with credit card processing to protect customer data and prevent fraud. Its important to remember that, as with any form of payment processing, security is paramount.

Credit Cards 52

Credit Cards Process Security Data Breach 52

The Fintech Times

FEBRUARY 3, 2025

per cent of transactions in 2024, with fraudsters increasingly leveraging artificial intelligence tools to target financial institutions, according to new research from AuthenticID, an identity verification provider. Identity fraud rates reached 2.1

Deepfake 81

Deepfake Account Takeovers Identity Theft Scams 81

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). Embedding Trusted AI and continuous ID verification is critical to counter synthetic media threats.

Financial Crimes 88

Financial Crimes Crime Fraud Prevention Deepfake 88

Fi911

MAY 22, 2025

Following the landmark revisions introduced by PSD2, this new update is poised to address lingering challenges while adapting to the rapidly evolving financial and technological landscapes. KYC standards will also change through real-time transaction monitoring and advanced identity verification tools.

Payment APIs and Integration 66

Payment APIs and Integration Fraud Prevention Consumer Protection API 66

Fintech News

JULY 2, 2025

Built around documentation verification and static data checks, these processes are essential for regulatory compliance. For example, a user with a long-standing email address linked to multiple online services and social profiles is far less likely to be a fraudster than one with a recently created, untraceable account.

Fraud Prevention 114

Fraud Prevention Technology Checks Money Laundering 114

Fintech Finance

JULY 16, 2025

To ensure accuracy and reliability, the process includes merchant review and manual verification by Antom. We’re building AI tools that go beyond payment acquiring to address real operational needs for merchants,” said Gary Liu , General Manager of Antom , Ant International. Full automation is planned in future iterations.

AI 59

AI Disputes Payments Automation 59

Stax

MARCH 4, 2025

In fact, integrating payment capabilities into products that businesses use to conduct their operations can help SaaS providers address $35 trillion in payments annually. Below, we discuss these common hurdles and how to address them effectively. One way to do this is by offering credit card integrations.

Credit Cards 88

Credit Cards Payment APIs and Integration Payment Gateways Gateways 88