Fintech News

JANUARY 24, 2024

The Money-Changing License will enable businesses to conduct money-changing services; the Standard Payment Institution License allows them to conduct multiple payment services below specified thresholds, and the Major Payment Institution License allows businesses to conduct multiple payment services without any transaction volume or float limits.

Service Provider 98

Service Provider Cryptocurrency Payments Institute Blockchain 98

Stax

APRIL 8, 2025

Since each player sets its own rates, credit card processing fees can vary based on your choice of credit card processing service provider, their fee structure, and the types of transactions you process. Interchange and assessment fees are set by card networks and are non-negotiable. This helps the processor recoup lost revenue.

Credit Cards 88

Credit Cards Process Processors Push-to-Card 88

VISTA InfoSec

OCTOBER 21, 2024

The financial entities operating within the EU, as well as third-party service providers outside the EU that engage with financial institutions located within the EU, are required to comply with DORA by 17 January 2025. This includes regular risk assessments, controls, and monitoring mechanisms to address vulnerabilities and threats.

Compliance 182

Compliance Third-Party Service Provider Risk Assessment Audit 182

Stax

DECEMBER 12, 2024

Merchant services help small businesses simplify payments, save money with transparent pricing, and secure transactions with fraud protection and PCI compliance. To choose a merchant service provider, compare pricing structures, review contract terms, check system compatibility, and prioritize responsive customer support.

Small Business 88

Small Business Online and Mobile Banking Volume Checks 88

Fintech News

NOVEMBER 27, 2024

This collaboration integrates Elliptic’s blockchain analytics into Sumsub’s platform, providing clients with enhanced tools to screen cryptocurrency wallets, identify fraudulent activity, and assess risk in transactions. The need for such solutions is critical as blockchain-related crime continues to rise.

Crime 113

Crime Financial Crimes Travel Rule Blockchain 113

The Payments Association

NOVEMBER 27, 2024

The amendments also require obtaining customer consent and authentication, licensee disclosures, and reporting API performance by service providers. Moreover, it will allow SMEs easier access to financing solutions by enabling fintech companies to provide personalised credit solutions based on more accurate data assessments.

Third-Party Service Provider 88

Third-Party Service Provider API Legal Financial Inclusion 88

Payments Dive

JANUARY 29, 2021

Geeman Yip is the founder and CEO of BitTitan, a SaaS-based cloud enablement provider that helps IT service providers and businesses assess, deploy and manage technology solutions in a rapidly changing cloud world.

Process 148

Process Assessments Service Provider Technology 148

Cardfellow

MAY 10, 2025

For service providers, such as credit card processors, there are only 2. Mastercard includes a chart on its website listing examples of the service providers that it applies to. Level 2 processors can submit a Self-Assessment Questionnaire (SAQ) instead.

Processors 52

Processors Third Party Vendors Credit Cards Third-Party Service Provider 52

VISTA InfoSec

MARCH 6, 2024

Requirement 10 has seen some notable updates that expand logging capabilities and provide more flexibility for merchants and service providers. assessment, understanding these changes to Requirement 10 will help you strategize your implementation approach. More flexibility for service providers.

PCI DSS 130

PCI DSS Procedures Best Practices Risk Assessment 130

The Payments Association

DECEMBER 2, 2024

The aim of the regulation was to mandate Payments Service Providers (PSPs) to offer credit transfers in euros and instant credit transfer services. In response to MiCA’s requirements, several crypto exchanges and service providers adjusted their offerings.

Regulations 88

Regulations Instant Payments Consumer Protection Payments 88

VISTA InfoSec

NOVEMBER 9, 2023

In the world of digital transactions, businesses handling payment cards must demonstrate their data security measures through the Payment Card Industry Self-Assessment Questionnaire (PCI SAQ). Completing the SAQ is a key step in the PCI DSS assessment process, followed by an Attestation of Compliance (AoC) to confirm accuracy.

PCI DSS 130

PCI DSS Assessments Credit Cards Compliance 130

The Payments Association

FEBRUARY 17, 2025

AI and machine learning: Strengthening security and financial access Artificial intelligence is transforming risk assessment and fraud prevention in the payment ecosystem. In the UK, Open Banking regulations have enabled new players to develop innovative financial solutions, benefiting small businesses and consumers alike.

Innovation 88

Innovation Cross-Border Financial Inclusion Payment APIs and Integration 88

VISTA InfoSec

OCTOBER 7, 2024

The financial entities operating within the EU, as well as third-party service providers outside the EU that engage with financial institutions located within the EU, are required to comply with DORA by 17 January 2025. This includes regular risk assessments, controls, and monitoring mechanisms to address vulnerabilities and threats.

Compliance 130

Compliance Third-Party Service Provider Risk Assessment Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

It is a digital security framework that works alongside the General Data Protection Regulation (GDPR) to provide strong security protection to financial entities and ICT service providers from cybercrimes. It helps the organization systematically address potential vulnerabilities and enhance cyber resilience.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

It is a digital security framework that works alongside the General Data Protection Regulation (GDPR) to provide strong security protection to financial entities and ICT service providers from cybercrimes. It helps the organization systematically address potential vulnerabilities and enhance cyber resilience.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

It is a digital security framework that works alongside the General Data Protection Regulation (GDPR) to provide strong security protection to financial entities and ICT service providers from cybercrimes. It helps the organization systematically address potential vulnerabilities and enhance cyber resilience.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

It is a digital security framework that works alongside the General Data Protection Regulation (GDPR) to provide strong security protection to financial entities and ICT service providers from cybercrimes. It helps the organization systematically address potential vulnerabilities and enhance cyber resilience.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

Stax

JANUARY 23, 2025

The merchant underwriting process is a critical step that payment processors and financial institutions use to assess the risk associated with onboarding new businesses. Key steps include application review, risk assessment, credit checks, and compliance verification. Learn More What is Merchant Account Underwriting?

Underwriting 68

Underwriting PCI DSS Money Laundering Processors 68

EBizCharge

NOVEMBER 12, 2024

Choosing the right merchant service provider is crucial since these providers facilitate electronic payments that will allow your business to accept credit and debit cards and ACH/eChecks, which can significantly impact sales and customer satisfaction. What is a merchant services provider?

Service Provider 52

Service Provider MSPS Payment Gateways Debit Card 52

Fintech Finance

OCTOBER 24, 2024

-based account-to-account (A2A) payment solution provider, today announced an expanded partnership with Plaid , a data network powering the digital financial ecosystem. This will enable customers to onboard with Plaid through Dwolla’s Open Banking Services, creating a modern A2A payment offering for mid- to enterprise-sized businesses.

Risk Assessment 109

Risk Assessment Payment APIs and Integration Verification Assessments 109

The Payments Association

FEBRUARY 10, 2025

Payment Service Providers must strengthen due diligence, monitoring, and collaboration with regulators to address these risks. Since vIBANs are often treated as extensions of master accounts rather than independent relationships, firms fail to apply appropriate risk assessment frameworks. Why is it important? What’s next?

IBAN 88

IBAN AML Master Account Due Diligence 88

Fintech News

OCTOBER 27, 2024

By holding these entities accountable, the SRF enhances consumer protection and provides clear avenues for victim recourse in cases of phishing-related losses. Compliance will be assessed based on telcos’ ability to block SMS messages containing URLs flagged by the police as malicious.

Phishing 135

Phishing Scams Blocks Authorization 135

Fintech Review

JANUARY 30, 2025

According to the document, companies operating with information and communication technologies must develop, describe and maintain a risk management system that includes: constant monitoring, vulnerability assessment, response and stabilization. Incident reporting.

Regulations 98

Regulations Risk Management Participant Cybersecurity 98

Fintech Finance

MARCH 11, 2025

over the assessed period. “Our unique position as both a licensed crypto and fiat payment service provider allows us to bridge the gap between traditional finance and the digital economy, delivering cutting-edge solutions for cross-border payments and digital asset management. since 2020.

Cross-Border Payments 86

Cross-Border Payments Cross-Border Correspondent Multi-Currency 86

Fintech News

JANUARY 21, 2025

Artificial intelligence (AI) is also gaining traction, particularly for risk assessment and operational efficiency. In particular, cloud computing is becoming increasingly prevalent, with 60% of banks in Singapore migrating their core systems to the cloud. In contrast, the Philippines has adopted a regulatory-mandated approach.

Payment APIs and Integration 109

Payment APIs and Integration Finance Cross-Border API 109

Fi911

MAY 22, 2025

This is especially important as consumers demand more clarity and accountability from financial service providers. Engage With Industry Consultations Stay informed by participating in stakeholder consultations or joining trade associations that provide early insights into evolving PSD3 standards.

Payment APIs and Integration 62

Payment APIs and Integration Fraud Prevention Consumer Protection API 62

Fintech News

JUNE 23, 2024

Singapore has released its updated Money Laundering (ML) National Risk Assessment (NRA) , highlighting increased risks in the digital payment token (DPT) services sector. The updated assessment highlights increased risks due to economic and geopolitical shifts, as well as the rise in technology-enabled transactions.

Money Laundering 109

Money Laundering Risk Crime Law Enforcement 109

Stax

MAY 6, 2025

Each association has its own interchange fee, so knowing what these fees are and how they are handled by your merchant service provider will help ease any potential confusion. Start the process of authorizing and accepting credit card payments from the merchant services provider/acquiring bank.

Credit Cards 88

Credit Cards Online and Mobile Banking Payment APIs and Integration Credit Card Payment Processing 88

VISTA InfoSec

NOVEMBER 12, 2024

Vendor management : SaaS companies often use third-party services, which also need to comply with PCI DSS if they handle cardholder data ( Requirement 12.8 ). SaaS providers must assess and monitor these vendors to ensure they meet PCI DSS requirements as well ( Requirement 12.8.4 ). updates check out our PCI DSS 4.0

PCI DSS 130

PCI DSS Compliance Encryption Audit 130

VISTA InfoSec

NOVEMBER 12, 2024

Vendor management : SaaS companies often use third-party services, which also need to comply with PCI DSS if they handle cardholder data ( Requirement 12.8 ). SaaS providers must assess and monitor these vendors to ensure they meet PCI DSS requirements as well ( Requirement 12.8.4 ). updates check out our PCI DSS 4.0

PCI DSS 130

PCI DSS Compliance Encryption Audit 130

Neopay

APRIL 8, 2024

However, exemptions exist for businesses, regardless of size, that must make timely payments to suppliers, subject to agreement with their payment service provider. How does it benefit payment service providers? The post Extra time for payment service providers to investigate fraud appeared first on Neopay.

Service Provider 52

Service Provider Due Diligence Fraud Prevention Payments 52

Fintech News

MAY 29, 2024

Singapore has released an Environmental Crimes Money Laundering National Risk Assessment (NRA), highlighting the primary threats and vulnerabilities associated with it. Banks and cross-border payment service providers are especially at risk of being exploited for laundering proceeds from these crimes due to their transnational operations.

Money Laundering 113

Money Laundering Crime Risk Law Enforcement 113

Stax

MARCH 11, 2025

This article will show all you need to know about online credit card processing and how you can select the best payment services provider for your needs. You will receive your payment in full, while the customer will repay the loan in interest-free installments (but there are associated fees) to the credit provider.

Online Payment Processing 88

Online Payment Processing Process Payment Gateways Online and Mobile Banking 88

Stax

NOVEMBER 21, 2024

This is why it’s so important to go for a payment services provider (PSP) that offers robust credit card fraud prevention services to protect you from fraudulent chargebacks and help you better generate evidence to protect your business during chargeback disputes.

Credit Cards 88

Credit Cards Small Business Process Credit Card Payment Processing 88

Fintech Finance

DECEMBER 6, 2024

Equifax (NYSE: EFX) and Mastercard (NYSE: MA) have joined forces to empower Latin American financial institutions, payment service providers, acquiring banks, and merchants to overcome payment fraud challenges without disruption to the customer experience. of their e-commerce revenue to payment fraud. .

Visa 98

Visa Fraud Prevention Risk Assessment Payments 98

Fintech News

OCTOBER 6, 2024

One major focus is on proactive prevention, where the IMC advocates for tighter regulations on corporate service providers and enhanced due diligence for non-financial sectors vulnerable to exploitation by money launderers. “The IMC’s recommendations are Singapore’s latest measures to combat ML and other financial crimes.

Money Laundering 123

Money Laundering Law Enforcement Financial Crimes Due Diligence 123

VISTA InfoSec

MARCH 5, 2024

Now is the time for organizations to re-evaluate their physical security strategies, conduct updated risk assessments, and refine their protection processes to align with these enhanced standards. Our PCI DSS services provide assurance on card security controls, with offerings for both product platform and backend services attestation.

PCI DSS 147

PCI DSS Procedures Assessments Checks 147