Clearly Payments

NOVEMBER 13, 2024

Although BINs play a critical role in how payments are processed and authenticated, they often go unnoticed by the average consumer or merchant. This routing allows the processor to request authorization for the transaction from the issuing bank, which then approves or denies it based on factors like available funds and fraud checks.

Process 104

Process Processors Payments Compliance 104

Fintech News

JULY 15, 2025

MAS is also working with banks to strengthen user authentication for higher-risk online transactions. We should be sceptical of requests to transfer money, take time to verify their legitimacy, and promptly report suspected scams to our banks and the authorities.”

Scams 90

Scams Security Account Takeovers User Authentication 90

Finextra

JULY 1, 2025

Traditional authentication methods rely heavily on static passwords and one-time codes, which can be easily compromised. Unlike traditional authentication methods, this approach goes beyond simple device recognition, incorporating sophisticated behavioral analysis. It expresses the views and opinions of the author.

Account Takeovers 52

Account Takeovers Authentication Fraud Prevention Stablecoins 52

Clearly Payments

MARCH 14, 2025

It occurs in a matter of seconds but consists of multiple stages, from authorization to settlement. Stage 1: Authorization Authorization is the initial step where the transaction is approved or declined. Card Network Communicates with Issuer : The card network forwards the request to the issuing bank for authorization.

Credit Cards 52

Credit Cards Transactions PCI DSS Online and Mobile Banking 52

Finextra

JUNE 11, 2025

This laid the foundation for a centralized monetary authority and future oversight of payment systems. Aadhaar Enabled Payment System (AePS) (2014): Leveraged Aadhaar biometric identity for financial inclusion, allowing basic banking services through biometric authentication at agent points.

Financial Inclusion 52

Financial Inclusion Payment APIs and Integration Real Time Gross Settlement (RTGS) Funds Transfer 52

Fintech Finance

NOVEMBER 28, 2024

Unlike traditional PINs or passwords, sAxess utilizes fingerprint authentication and other biometrics to ensure that only authorized individuals can access sensitive data. Furthermore, this allows users to set specific conditions, such as inheritance, for authorized data access.

Security 116

Security Transactions NFTs Blockchain 116

VISTA InfoSec

MARCH 13, 2025

These updates include increased flexibility for businesses and stronger authentication requirements, ensuring better protection in todays dynamic digital landscape. Access control and authentication PCI DSS enforces stringent access control measures, ensuring that only authorized personnel can access sensitive payment card data.

PCI DSS 165

PCI DSS Data Breach Breach Compliance 165

Finextra

JUNE 26, 2025

It also brings in stronger customer authentication (SCA) to prevent fraud during digital payments. PSD2 strengthens customer authentication. External This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. AML stops financial crime.

PCI DSS 52

PCI DSS AML Process Payment APIs and Integration 52

The Payments Association

JULY 8, 2025

1 The Opinion provides supervisory guidance to EU national competent authorities (NCAs) on the application of PSD2 to CASPs and recommendations for longer-term legislative alignment under the upcoming third EU Payment Services Directive (PSD3) and the accompanying EU Payment Services Regulation (PSR).

Stablecoins 88

Stablecoins Payment Service Provider (PSP) Duplicate Authentication 88

Stax

JANUARY 28, 2025

Click to Pay is based upon global EMV Secure Remote Commerce (SRC) standards, which include security measures like tokenization , multi-factor authentication , and 3D Secure protocols. The customer will then input the passcode to complete the authentication process. It is also built to be super secure.

Payment APIs and Integration 68

Payment APIs and Integration Online and Mobile Banking Payment Gateways Gateways 68

Finextra

JULY 10, 2025

Authentication Problems Security protocols such as 3D Secure require customers to complete additional verification steps during checkout. 3DS2) for Smarter Authentication 3D Secure 2.0, an updated payment authentication standard, supports compliance with regulations like PSD2 in Europe. Use 3D Secure 2.0

Transactions 52

Transactions Online and Mobile Banking Fraud Prevention Payment APIs and Integration 52

Stax

MARCH 18, 2025

It authorizes or declines payments based on available funds and fraud checks. Payment information is encrypted and sent for authorization – The payment gateway encrypts and sends the payment details to the payment processor. This means they authorize and complete transactions faster than manual processing procedures.

Process 88

Process Payment APIs and Integration Processors Online and Mobile Banking 88

Stax

NOVEMBER 21, 2024

Authorization The credit card details captured by your POS or online payment gateway will be sent to your payment processor. If the card checks out, the customer’s bank will send an authorization code to your payment processor, indicating that everything is in order and the transaction can proceed.

Credit Cards 88

Credit Cards Small Business Process Credit Card Payment Processing 88

Innovative Payments Association

JANUARY 13, 2025

Use Strong Passwords: Secure online accounts with unique, complex passwords and enable multi-factor authentication whenever possible. Early reporting can minimize losses and help authorities track down scammers. Contact the organization directly using official contact details.

Scams 52

Scams Law Enforcement Payments FBI 52

Finextra

JULY 3, 2025

Users can: Store card credentials securely Authenticate with biometrics Make fast, online, and contactless payments Access loyalty points, tickets, or IDs You’re not managing funds. External This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Grow faster.

eWallet 52

eWallet Payment APIs and Integration PCI DSS Online and Mobile Banking 52

Finextra

JUNE 18, 2025

Stopping fraud at the point of authentication is the low-hanging fruit in reducing the cost of chargebacks. With the right 3DS access control server (ACS) and modern authentication methods, FIs can combat first-party fraud with forensic proof that the transaction was legitimately authenticated.

Issuers 52

Issuers Disputes Fraud Prevention Authentication 52

The Fintech Times

MARCH 7, 2025

Access to verified, authenticated and centralised data sharing through Digital Company ID would help dismantle these systemic barriers, close the loopholes exploited by fraudsters, reduce compliance costs for banks and transform the business landscape in the UK.”

Compliance 96

Compliance Financial Crimes Crime Government 96

The Fintech Times

APRIL 10, 2025

What started as a digital CV platform is now one of the most powerful arenas for building authority, shaping narrative, and turning cold leads warm. Build trust, not just reach For fintech brands looking to build real traction on LinkedIn, authenticity and clarity are key. But let me be clear posting just to post wont cut it.

Industry Trends 59

Industry Trends Embedded Finance FinTech B2B 59

Stax

APRIL 3, 2025

It works in tandem with the customers bank or credit card provider to verify and authorize the transaction. It forwards the customers payment details to the issuing bank, gets transaction authorization, and collects the funds on behalf of the eCommerce business. But with more control comes great responsibility.

Payment Solutions 88

Payment Solutions Payment APIs and Integration Payment Gateways Gateways 88

Stax

NOVEMBER 14, 2024

In this context, they accept the funds from the sale once a card is authorized and deposit them into the business’ bank account. The terminal then contacts the credit card processing company for authorization. Step 3: The card is authorized. Typically, card transactions are authorized in less than a minute.

Credit Cards 88

Credit Cards Process Online and Mobile Banking Payment APIs and Integration 88

Fintech News

JUNE 5, 2025

The Monetary Authority of Singapore (MAS) released its final position on the proposed regulatory regime for Digital Token Service Providers (DTSPs), under the Financial Services and Markets Act 2022, a week ago. Singapore has taken a definitive step forward in digital asset regulation via its Singapore DTSP licensing framework.

Money Laundering 87

Money Laundering Due Diligence Cross-Border Rules 87

Stax

MARCH 11, 2025

The customer will input the required payment information on the page and then click Pay to authorize the transaction. The goal here is to check the authenticity of the card details, availability of required funds, and absence of fraud. However, credit and debit cards are more convenient.

Online Payment Processing 88

Online Payment Processing Process Payment Gateways Online and Mobile Banking 88

Clearly Payments

DECEMBER 11, 2024

Bank Transfers What It Is : Customers authorize direct transfers from their bank account to the merchant. Enhanced Security : Many APMs offer built-in security, such as two-factor authentication or biometric verification, providing customers with confidence in the safety of their transactions. In the U.S., iDEAL in the Netherlands.

Alternative Payment Methods 59

Alternative Payment Methods Online and Mobile Banking BNPL Payments 59

Finextra

JULY 7, 2025

This machine learning system monitors outgoing transfers and card payments in real time, and if it detects patterns indicative of an Authorized Push Payment scam (e.g., Additionally, Eno enhances security through AI-driven account monitoring and background authentication. It expresses the views and opinions of the author.

AI 114

AI Fraud Detection Online and Mobile Banking Payment APIs and Integration 114

Stax

JANUARY 21, 2025

A payment gateway is a tool that allows merchants to authenticate and receive payments from their customers electronically. Encryption – Encryption is a data security measure that ensures only authorized parties can read the data. Learn More What is a Payment Gateway? This is to allow for refunds and chargebacks.

Payment Gateways 88

Payment Gateways Gateways PCI DSS Payment APIs and Integration 88

Finextra

JUNE 13, 2025

Biometric authentication, like fingerprint and facial recognition, is now standard, with 78% of banking apps implementing it, according to Statista. Emerging security measures include: Multi-factor authentication, combining biometrics with one-time codes. It expresses the views and opinions of the author.

Mobile Banking 52

Mobile Banking Payment APIs and Integration Embedded Finance AI 52

Finextra

JUNE 11, 2025

Implication for FSIs: Banks must move beyond static authentication models and embrace real-time risk scoring , behavioural biometrics , and API-first integration to compete. External This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.

Consumer 52

Consumer Payment APIs and Integration Payments Microtransactions 52

Finextra

JUNE 16, 2025

Home Announcements Payments Wollette unveils WollettePay External This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. 0 2 hours Be the first to comment External This content is provided by an external author without editing by Finextra.

Payment APIs and Integration 52

Payment APIs and Integration Encryption Authorization API 52

Finovate

JULY 3, 2025

That’s because merchants can avoid card processing fees, process transactions in real-time, and offer more secure transactions because they require bank-approved authentication. ” Bringing pay-by-bank to two European nations is strategic, as the payment method within the EU is expected to reach 30 billion by 2028.

CFPB 52

CFPB Authorization Transactions Instant Payments 52

Finextra

JUNE 25, 2025

AI is enabling: Biometric authentication that eliminates passwords and PINs. External This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. 7 hours 1 1 See all opinions External This content is provided by an external author without editing by Finextra.

Fraud Detection 59

Fraud Detection AI Payments PCI DSS 59

The Fintech Times

MARCH 19, 2025

The Financial Conduct Authority (FCA) is reviewing whether the 100 contactless limit should be removed or increased, aiming to give consumers and businesses more flexibility while keeping fraud protections in place. The consultation is part of wider efforts to encourage innovation in payments and support economic growth.

Contactless Payments 98

Contactless Payments Consumer Security Fraud Prevention 98

The Payments Association

JUNE 24, 2025

On 10 June 2025, the European Banking Authority (EBA) issued a No Action letter on the relationship between the Markets in Crypto-Assets Regulation (MiCA) and the Payment Services Directive 2 (PSD2). At the same time, the EBA advises NCAs “not to prioritise” enforcement of other elements of PSD2 relating to safeguarding and disclosures.

Payment Service Provider (PSP) 88

Payment Service Provider (PSP) Mitigation Authorization Compliance 88

Finextra

JULY 2, 2025

Home Announcements Payments Stripe and TrueLayer to introduce Pay by Bank in Germany and France External This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. It expresses the views and opinions of the author.

Payment APIs and Integration 52

Payment APIs and Integration Authorization Privacy Authentication 52

Finovate

JUNE 5, 2025

.” Pay by Bank is a payments service that gives customers a secure, fast, and convenient way to conduct peer-to-peer payments, account deposits, and loan repayments, as well as securely authenticate transactions via their banking app. “Our investment in Token.io Last month, Token.io “By joining giroAPI, Token.io

Online and Mobile Banking 52

Online and Mobile Banking Irrevocability API Payment Solutions 52

Fintech Finance

JUNE 16, 2025

Strong Consumer Authentication Each transaction is securely authorized via biometric authentication, with tokenisation and encryption protecting all payment data. Highlights Contactless tap, familiar ease Consumers pay instantly from their bank accounts without redirects or entering card details.

Payment APIs and Integration 59

Payment APIs and Integration Encryption Payments Authentication 59

Fintech Finance

APRIL 7, 2025

.” Driving Growth with Predictive Routing As more of the payments ecosystem goes digital, it creates more choices and opportunities for businesses to increase authorization rates and decrease costs. Today, Forter is expanding these capabilities with the beta launch of Predictive Payment Routing.

Bots 64

Bots Payments Fraud Prevention Authentication 64

The Fintech Times

MARCH 18, 2025

We created new Pix solutions – like International Pix, Pix Roaming , and 1-Click Pix (Pix With Embedded Authentication) setting the standard for payments in Brazil and beyond. In 2025, a new chapter for Pix is being written with the introduction of Pix with Embedded Authentication, also known as Pix in a No-Redirection Journey.

Online and Mobile Banking 64

Online and Mobile Banking Central Bank Cross-Border Authentication 64