Fintech Finance

JULY 1, 2024

When paying offline, personal transaction details would only be known to the payer and the payee and would not be shared with payment service providers, the Eurosystem or any providers of supporting services. Findings from this initial assessment will feed into the design of the calibration methodology.

Legal Framework

Fintech Finance

JANUARY 24, 2024

This newly launched product feature allows transactions to be assessed in seconds while the payer progresses through the payment, adding minimal friction to the user experience. Risk Signals uses account, balance and transaction data shared under a valid consent by the payer to make more accurate risk decisions to minimise fraud.

Instant Payments

FICO

MARCH 5, 2018

Health care payers typically focus intently on assuring that they are paying the right health care providers for the goods and services that they should pay for, for the correct price, and for the care of the members or beneficiaries who are entitled to these benefits. But who should the payer task with this responsibility?

Payer

The Payments Association

JANUARY 30, 2025

These exemptions range from operating under a commercial agreement with a payer or payee (whereby you effectively conclude a transaction on behalf of one of the parties) to providing services to a minimal network of customers or operating in some form of settlement chain.

Consulting

PYMNTS

APRIL 6, 2018

Mike Jacobs, senior distinguished engineer with Optum, said that “as this information changes, it often takes several calls and emails from the payers to verify the updated data. This results [in] redundancy and inefficiency as health plans reach out to the same providers to request and verify information.”.

Blockchain

Nanonets

DECEMBER 25, 2023

AI emerges as a transformative force in healthcare claims processing, promising to revolutionize how we handle, assess, and streamline the intricacies of claims submissions and reimbursements. During this stage, payers scrutinize the claims for accuracy, coding standards adherence, and policy terms compliance.

AI

Neopay

MARCH 7, 2024

The FCA’s stern warning comes in the form of a “Dear CEO Letter,” highlighting key areas of concern where Annex 1 firms have faltered in meeting their obligations under the Money Laundering, Terrorist Financing, and Transfer of Funds (Information on the Payer) Regulations 2017 (MLRs).

AML

PYMNTS

MARCH 5, 2020

rent-reporting platform CreditLadder so that Equifax credit assessments include a consumer’s rental-payment history. Equifax Data Director Janice Rudd said that “the inclusion of rental data in credit assessments is a huge lift to improve financial inclusion and fairer access to the right financial products.

Payments Data

PYMNTS

JUNE 14, 2016

Encompass Corporation found that 40 percent of lawyers and insolvency professionals surveyed are concerned that legal claims against late payers may be unable to move forward because of the new rules. The legislation ends the insolvency exemption under the Legal Aid, Sentencing and Punishment of Offenders Act 2012. Out Of Options. ”

Payer

PYMNTS

MAY 7, 2020

While risk mitigation technologies can enable a corporate buyer to make more informed decisions about which vendors to work with, the tool is also valuable or financial workflows, enabling businesses to assess payment terms and trade credit. Accounts receivable has the power to improve the payer experience in more ways than one.

Payer

Neopay

DECEMBER 6, 2023

Under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLRs), regulated firms are obligated to apply EDD in dealings with entities or individuals established in high-risk third countries. 2) Regulations 2023, replacing the previous list in Schedule 3ZA of the MLRs.

Treasury

The Payments Association

MAY 16, 2025

Merchants should assess exposure, engage with providers, and begin implementation planning ahead of key deadlines. The FCA’s final guidance, issued in April 2025, outlines “reasonable procedures,” including fraud risk assessments, internal controls, staff training, and governance oversight. Why is it important?

Regulations

M2P Fintech

MARCH 28, 2024

Credit Underwriting Credit Underwriting is the process by which a lender (such as a bank, credit union, or fintech company) assesses the creditworthiness of a borrower before granting them a loan or line of credit. DigiLocker DigiLocker is a secure digital document wallet provided by the Ministry of Electronics and IT.

FinTech

Neopay

APRIL 25, 2024

With these changes, the FCA want to: help firms understand what they expect help firms assess the adequacy of their financial crime systems and controls remedy deficiencies Who this is for This Consultation Paper (CP) is relevant to: all FCA financial crime supervised firms firms that are supervise under the Money Laundering, Terrorist Financing and (..)

Financial Crimes

PYMNTS

AUGUST 12, 2020

.” Funding Circle reportedly considered wielding open banking in years past — and today, it’s looking at the legislation again, and evaluating how it might be able to elevate its credit assessment workflows. Recent improvements in the customer experience have made open banking more attractive for Funding Circle, added Jacobs.

Small Business

PYMNTS

JULY 5, 2017

The Federal Reserve made news late last week when it released its newest data on consumer and business payment habits, assessed via data from 2015 compiled in 2016. The Fed’s analysis supports separate research conducted by NACHA that also found increases in ACH faster payments among corporate payers.

Fed

Neopay

NOVEMBER 27, 2023

Not only will the move make instant euro payments universally available and affordable, it will also increase trust thanks to an obligation on providers to verify the match between the IBAN and the name of the beneficiary provided by the payer, says the Council.

Instant Payments

PYMNTS

MAY 29, 2020

Management Controls recently introduced its Insights-as-a-Service offering , a tool that uses the company’s data pool from clients to assess productivity and costs of a company’s contractor base. In the craft labor arena, contractors, too, face the threat of late and delayed payments. Beyond Timely Payments.

Product

The Fintech Times

FEBRUARY 28, 2024

Tackling fraud in a single market Under the new rules, instant payment providers will need to verify that the beneficiary’s IBAN and name match in order to alert the payer to possible mistakes or fraud before a transaction is made. This requirement will apply to regular transfers too.

Instant Payments

PYMNTS

NOVEMBER 18, 2020

Because the RTP network remains relatively young, Ledford noted that it's difficult to accurately assess exactly how businesses are using the technology. This has forced a behavior change and adoption of electronic payment methods that might have remained untouched by business users under normal circumstances. But certain trends are emerging.

RTP

FICO

NOVEMBER 7, 2018

Health care payers use a variety of tools and solutions to fight fraud, waste and abuse in their fee-for-service healthcare claims. Recently, artificial intelligence (AI) and machine learning have become popular concepts in payment integrity. But how can they help reduce your losses to health care fraud, waste and abuse?

AI

PYMNTS

DECEMBER 26, 2019

Solution providers that can offer this choice in payment “will be a critical differentiator” in the year and years ahead, said McCarthy, adding that AR platforms must allow B2B vendors to offer their payers a range of payment choice beyond ACH or checks, with more firms embracing commercial cards, PayPal and other alternative payment technologies.

Accounts

PYMNTS

NOVEMBER 21, 2018

In a recent report, the Bank of England (BoE), Bank of Canada (BoC) and the Monetary Authority of Singapore (MAS) took advantage of this by presenting a collaborative assessment of key opportunities for cross-border payments, including how corporate payments might be improved.

Authorization

EBizCharge

JULY 15, 2024

The primary difference hinges on whether the payer remits funds before or after receiving the benefit of a service or product. Additional billing methods Beyond arrears billing and payments in advance, businesses and clients can utilize other billing methods, depending on the nature of their transactions, trust levels, and risk assessments.

Disputes

Neopay

JUNE 27, 2024

The Payment Services Regulations (PSRs), the Electronic Money Regulations (EMRs) and the Money Laundering Regulations (The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017) outline the specific requirements and obligations set by the FCA.

Financial Crimes

PYMNTS

FEBRUARY 21, 2020

As a result, understanding whether a contract is in compliance, and how to compensate that payer, can be a maze of complexity and uncertainty. According to Head, many businesses are frustrated that they are unable to adequately measure the value that that partner brought to the table. Driving Automation, Cutting Risk.

B2B

PYMNTS

AUGUST 9, 2018

The interchange fee ban proposal was put forth in a dramatic report issued by the government’s Productivity Commission as it assesses competition in the nation’s financial services market. Reports in iTnews on Wednesday (Aug.

Commercial Card

Stax

NOVEMBER 11, 2024

Not only does this pass through more hands and take more time than an electronic ACH payment , but there is also a huge amount of personal information present on a paper check, exposing the payer to potential identity theft. A check also exposes the payer to potential identity theft as it contains a lot of personal information.

ACH

PYMNTS

MAY 6, 2019

As Bloomberg reported , a slew of analysts upgraded their assessments of the stock, boosting price targets, where for example Credit Suisse raised its target to $640 from $520, and held an outperform on the name. The company passed the 3 million active payer mark on its wallet.

Volume

PYMNTS

SEPTEMBER 19, 2019

Also, identity verification solutions provider GIACT Systems debuted plans to work with data analytics firm Equifax to launch a new platform to analyze customer identity and behavioral data to better assess fraud risks. B2B Payments Across Industries.

B2B

PYMNTS

APRIL 11, 2018

Most recently, a consortium of healthcare payers and providers formed to develop a blockchain proof of concept. These healthcare payers and providers manage their own proprietary directories, reports in The Motley Fool explained, but blockchain may be able to unify those directories. Supply Chain Management.

Blockchain

PYMNTS

OCTOBER 14, 2016

It’s part of the firm’s vetting process to understand its borrowers’ clients and to mitigate risk by assessing the quality of corporate buyers and their ability to (eventually) pay invoices. But for Aztec Exchange and other alt-lenders in the market, late payments aren’t always a good thing for the company.

Finance

PYMNTS

MAY 7, 2020

Process mining involves a deep dive into companies’ existing workflows to identify bottlenecks, assess workflow alternatives against companies’ goals, and then implement the most optimized workflow to achieve those initiatives.

Process

PYMNTS

SEPTEMBER 6, 2019

As reported on Verdict, more than a quarter of the firms have felt the impact to their bottom line tied to late payments, and 21 percent have turned away business because the would-be customer was known to be a late payer. million Singapore dollars on behalf of UOB.

Payments

Fintech Finance

JANUARY 18, 2024

The end-to-end solution works by seamlessly embedding virtual cards within the health tech platforms that connect payers and healthcare providers, such as Remedinet , using API connectivity.

Visa

FICO

FEBRUARY 6, 2017

As the gold standard in credit-bureau-based credit risk assessment, FICO Scores play a critical role in the securitization of asset-backed securities such as auto loans, telco contracts and GSE-backed mortgages. The secondary market depends on stabililty, transparency and the ability to understand performance across a full market cycle.

Credit Risk

PYMNTS

AUGUST 28, 2019

Amidst those back-office changes, the shift from electronic batch payments to real-time payments faces a far different kind of adoption challenge, with a burden that weighs more heavily on the financial institution than the corporate payer.

ISO 20022