The Payments Association
FEBRUARY 10, 2025
Navigating AML obligations in the age of virtual IBANs February 10 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? The compliance challenges of virtual IBANs, focusing on AML obligations and regulatory gaps. Why is it important?
The Payments Association
JULY 15, 2025
The significant gap between fraud concerns and AML compliance suggests that immediate transactional threats are perceived as more urgent than regulatory adherence. The high AML deployment rate reflects mandatory requirements and established implementation frameworks that have driven widespread adoption.
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The Payments Association
JULY 18, 2025
Pilot innovative authentication methods – such as biometric or tokenised transaction models – within risk-based guardrails, with a focus on fraud performance and user experience metrics. Respond to ECB consultation on user experience, dispute handling, and transaction limits to influence final FPS standards.
Fintech News
OCTOBER 22, 2024
Respondents also said they had adjusted their transaction limits to reduce the impact of fraud losses (53%), enhanced security on their banking apps (40%), undertaken security audits of their mobile banking infrastructure (32%), and partnered with network operators or device makers to enhance security (26%).
The Payments Association
MARCH 10, 2025
Facing transaction limits or restrictions from payment processors. Payment approvals: Some MCCs face transaction limits or outright bans. Industries becoming higher risk due to stricter compliance and monitoring Cryptocurrency & Financial Services (6051, 6211, 6012): AML rules and KYC verification tightening.
Stax
AUGUST 22, 2024
You need to adhere to KYC (Know Your Customer) requirements, GDPR (General Data Protection Regulation), and AML (Anti-Money Laundering) regulations among others. Payfacs need to have regular AML screenings and strictly implement KYC procedures. They also need to have strong data security protocols in place.
PYMNTS
JANUARY 20, 2021
Radius thus manages its anti-money laundering (AML), transaction risk and other fraud prevention methods via partnerships with multiple third-party FinTechs and technology providers. The rise in debit payments makes the cards a more attractive target for fraudsters , meaning banks must pivot their fraud protection efforts accordingly.
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