The Payments Association

DECEMBER 16, 2024

Skipify will work behind the scenes with Mastercard to ensure the entire process is fast and secure, positively impacting authorization and conversion rates. Merchants face expensive, complex setups, juggling multiple provider contracts and navigating inconsistent operational procedures.

Visa 88

Visa Product BNPL Credit Cards 88

Finextra

JANUARY 3, 2025

The European Securities and Markets Authority (ESMA), the EUs financial markets regulator and supervisor, is launching the first selection procedure for the Consolidated Tape Provider (CTP) for bonds.

Procedures 52

Procedures Authorization Regulations Security 52

Neopay

JUNE 26, 2025

For full details on the report, click the link below: [link] FCA Offering Pre-Application Support Service (“PASS”) The Financial Conduct Authority (FCA) is now offering Pre-Application Support Service (PASS) to cryptoasset, payments, and wholesale firms considering applying for registration or authorisation in the UK.

Financial Crimes 52

Financial Crimes Risk Assessment Crime Authorization 52

VISTA InfoSec

JULY 17, 2024

Establish protocols for communicating with external parties, such as law enforcement, in multiple languages: Knowing how to quickly share info with authorities in various countries can speed up response times. Train employees regularly on these policies and procedures Make training available in all relevant languages.

Cybersecurity 238

Cybersecurity Compliance Encryption Best Practices 238

Stax

JUNE 17, 2025

TL;DR An ISO (Independent Sales Organization) is a third-party company authorized to manage merchant accounts and provide payment processing services on behalf of acquiring banks. Simply speaking, an ISO—or Independent Sales Organization—is a third-party payment processing company that is authorized to handle merchant accounts for businesses.

ISOs 88

ISOs MSPS Credit Cards Acquirers 88

The Payments Association

FEBRUARY 10, 2025

Regulatory reviews from the Bank of Italy, UIF, and the European Banking Authority (EBA) have identified key shortcomings in the management of vIBANs. Regulatory oversight intensifies Authorities such as the EBA, UIF, and national regulators are raising concerns about vIBAN compliance.

IBAN 88

IBAN AML Master Account Due Diligence 88

The Payments Association

OCTOBER 23, 2024

On 25 September 2024, the UK Financial Conduct Authority (FCA) published its long-awaited Consultation Paper (CP24/20) setting out proposed changes to the safeguarding rules applicable to electronic money institutions (EMIs) and payment institutions (PIs) (together, payments firms). What does this mean for Payments firms?

Rules 88

Rules Payments Institute Authorization Reconciliation 88

Fintech News

OCTOBER 6, 2024

In addition, the report recommends deepening the collaboration between banks and authorities through platforms like COSMIC —a digital system enabling financial institutions to share customer risk information securely. The IMC’s recommendations aim to adapt Singapore’s AML framework to counter increasingly sophisticated criminal methods.

Money Laundering 123

Money Laundering Law Enforcement Due Diligence Financial Crimes 123

Fintech Finance

DECEMBER 9, 2024

Antoms card processing volume grew over 10 times from that of previous year, while delivering top notch authorization rates to its global enterprise merchants. Antom continues to strengthen its payment processing capabilities across all payment channels.

Embedded Finance 98

Embedded Finance Cross-Border Cross-Border Settlement Finance 98

Stax

NOVEMBER 14, 2024

There are also risk holds—a routine procedure that most companies experience within the first few weeks of processing with a new merchant services account. In this context, they accept the funds from the sale once a card is authorized and deposit them into the business’ bank account. Step 3: The card is authorized.

Credit Cards 88

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

VISTA InfoSec

JANUARY 9, 2024

Below, we present a meticulously curated list that highlights the transformations in requirements and test procedures from PCI DSS v3.2.1 Defined Approach Requirements and Testing Procedures 1.1.1 by reviewing documented procedures. by reviewing documented procedures. to PCI DSS v4.0: PCI DSS v3.2.1 PCI DSS v4.0

PCI DSS 113

PCI DSS Procedures Authorization Security 113

The Payments Association

FEBRUARY 14, 2025

Safeguarding customer funds The Financial Conduct Authority (FCA) has proposed significant changes to the safeguarding regime for payments and e-money firms. Employees should be well-versed in the safeguarding procedures and understand their role in protecting customer funds. Engaging external auditors may provide additional assurance.

Stablecoins 88

Stablecoins Payment APIs and Integration Regulatory Compliance Compliance 88

Neopay

JUNE 26, 2025

The European Banking Authority (EBA) published a No Action letter advising the EU Commission, EU Council and EU Parliament to ensure that, in the long term, EU law needs to avoid a dual authorisation under two pieces of EU law for the activity of transacting electronic money tokens (EMTs).

Regulations 52

Regulations IBAN Payments Authorization 52

Neopay

JUNE 13, 2025

The European Banking Authority (EBA) has issued a No Action Letter to EU policymakers, advising against dual authorisation requirements for crypto-asset service providers (CASPs) transacting in electronic money tokens (EMTs) under both the Payment Services Directive (PSD2) and the Markets in Crypto-Assets Regulation (MiCA).

Regulations 52

Regulations Duplicate Fraud Prevention Procedures 52

VISTA InfoSec

JANUARY 22, 2024

Requirement and Testing Procedures 3.2.a Requirement and Testing Procedures 3.2.a Requirement and Testing Procedures 3.1 Minimize cardholder data storage by implementing policies, procedures, and processes for data retention and disposal. Protect sensitive authentication data before authorization. PCI DSS v3.2.1

PCI DSS 100

PCI DSS Encryption Procedures Authentication 100

Stax

MARCH 18, 2025

A typical payment processing procedure involves multiple parties, including the merchant, customer, payment processor, payment gateway, issuing bank, acquiring bank, and card networks. It authorizes or declines payments based on available funds and fraud checks. Ideally, you want instant or same-day fund settlement.

Process 88

Process Payment APIs and Integration Processors Online and Mobile Banking 88

The Fintech Times

JANUARY 6, 2024

Under these conditions, the banks must then test their response and recovery measures, including activating emergency procedures and contingency plans and restoring normal operations. Instead, in the stress test scenario, a cyberattack succeeds in disrupting a bank’s daily business operations.

Central Bank 141

Central Bank Assessments Procedures Laws 141

VISTA InfoSec

FEBRUARY 16, 2024

The requirement mandates that software development procedures must be documented and examined to ensure that all security considerations are integrated into every stage of the development process. It required code changes to be reviewed by others than the author, following secure coding practices. is now 6.2.2. PCI DSS v3.2.1

PCI DSS 100

PCI DSS Procedures Best Practices Verification 100

Global Fintech & Digital Assets

MARCH 5, 2024

Banks are expected to apply the follow guidance in connection with their digital asset custodial services: Governance and risk management : Prior to launching digital asset custodial services, banks are expected to undertake a comprehensive risk assessment and to implement appropriate policies and procedures to mitigate identified risks.

Authorization 59

Authorization Product Due Diligence Procedures 59

Neopay

DECEMBER 18, 2023

Given the cross-border nature of financial crime, the new authority will boost the efficiency of the anti-money laundering and countering the financing of terrorism (AML/CFT) framework, by creating an integrated mechanism with national supervisors to ensure obliged entities comply with AML/CFT-related obligations in the financial sector.

Money Laundering 52

Money Laundering Authorization AML Agreements 52

Finextra

JUNE 25, 2025

What Ukrainian Banks Should Do Now Dont wait - start adapting processes to European standards now Invest in compliance - AML/KYC procedures will become critically important Prepare teams - specialists in European regulation will be needed Develop automated currency control systems for SEPA operations This is an important step, but not a revolution.

FinTech 52

FinTech Payment APIs and Integration Cross-Border Cross-Border Payments 52

Neopay

APRIL 10, 2025

This follows a 2022 penalty of 70,000 for delayed accounts and after previous attention of the UK’s Financial Conduct Authority in 2019 on AML compliance. The fine of 3.5 The cumulative record paints a picture of a company that is still developing its control environment in spite of its fast growth and global footprint.

Central Bank 52

Central Bank Money Laundering AML Financial Crimes 52

PYMNTS

DECEMBER 8, 2020

Cybercriminals are constantly one step ahead of government regulators, developing new and inventive schemes faster than the authorities can quash them. BitGo On Strengthening Cryptocurrency Exchanges’ AML/KYC Procedures. percent of the global gross domestic product (GDP). billion by 2024. billion in 2019, including $2.8

AML 104

AML Cryptocurrency Verification Money Laundering 104

Stax

MAY 5, 2025

A payment gateway solution is a service that authorizes credit card payments and processes them on behalf of the merchant. A Payment Gateway for a mobile app is a service that authorizes credit card payments and processes them on behalf of merchants. It should also be easy for you to track conversions and manage your payments.

Payment Gateways 88

Payment Gateways Gateways Payment APIs and Integration Multi-Currency 88

Fintech News

APRIL 7, 2024

GSR, a global cryptocurrency trading firm and liquidity provider, has been granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS). This license allows its subsidiary, GSR Markets Pte. located in Singapore, to provide digital payment token services.

Treasury Management 106

Treasury Management APACS Procedures Treasury 106

VISTA InfoSec

FEBRUARY 21, 2024

This is to ensure that critical data is only accessible by authorized personnel, thereby enhancing the security posture of organizations handling sensitive payment information. They were documented and had to be approved by authorized parties (7.1.4). Required privileges must be approved by authorized personnel.

PCI DSS 130

PCI DSS Database Best Practices Procedures 130

Trade Credit & Liquidity Management

JUNE 11, 2025

But in practice, many MCA funders either ignore reconciliation requests altogether or use procedural hurdles to render the right meaningless. “MCA funders will claim the right exists, but then impose layers of opaque documentation requirements and tight procedural deadlines. For secured lenders, this matters.

Reconciliation 52

Reconciliation UCC Legal Adjustments 52

VISTA InfoSec

OCTOBER 21, 2024

Establish protocols for communicating with external parties, such as law enforcement, in multiple languages: Knowing how to quickly share info with authorities in various countries can speed up response times. Train employees regularly on these policies and procedures Make training available in all relevant languages.

Cybersecurity 147

Cybersecurity Compliance Encryption Best Practices 147

Fintech News

JANUARY 23, 2024

This project is a joint effort with the Hong Kong Monetary Authority (HKMA) and is part of ongoing research into the development of CBDC systems, considering privacy concerns. Project Aurum , also from the Hong Kong Centre, has entered a new phase focused on the privacy aspects of retail CBDCs.

Innovation 122

Innovation Cross-Border Payments CBDC Finance 122

The Fintech Times

DECEMBER 3, 2024

The outcome of this procedure will be published on the ECB’s website when it has been finalised in 2025. In January 2024, the ECB put out a call for potential providers of digital euro components and related services. It has now concluded this call and invited selected bidders to tender.

Central Bank 59

Central Bank Participant Procedures Risk Management 59

Innovative Payments Association

JANUARY 14, 2025

While deregulatory measures such as revisiting the Open Banking Rule may gain momentum, their implementation faces procedural and legal challenges. With its record of bipartisan enforcement actions and new authority to regulate big tech, the agency may adapt rather than disappear.

Consumer Financial Protection Bureau (CFPB) 52

Consumer Financial Protection Bureau (CFPB) CFPB FDIC Consumer Protection 52

The Finance Weekly

OCTOBER 9, 2022

In addition to streamlining business procedures, this also frees up their time to work on more strategic initiatives and increase client satisfaction. For instance, software that automates regulatory compliance tasks can , free up time for employees while lowering errors that can be quite expensive.

Finance 246

Finance Automation Regulatory Compliance Security 246

PYMNTS

MARCH 30, 2020

The organization said that “the aim is to explore the potentialities offered by this technology, and to identify concrete cases integrating Central Bank Digital Currencies [CBDC] in innovative procedures for the clearing and settlement of tokenized financial assets.”

CBDC 98

CBDC Interbank Settlement Fincen Digital Currency 98

The Payments Association

DECEMBER 2, 2024

For instance, the new legal and regulatory framework means businesses dealing in crypto must review their policies and procedures and prepare for increased disclosure, transparency, and compliance with tighter regulations. Additionally, the MiCA regulation could create new challenges.

Regulations 88

Regulations Instant Payments Consumer Protection Payments 88

Fi911

MAY 22, 2024

Different types of payment reversals exist, each with distinct procedures and implications. The most common types include chargebacks, refunds, and authorization reversals. Authorization Issues : Transactions that are not properly authorized can be subject to reversal. What is an Authorization Reversal?

Payer 104

Payer Address Verification System (AVS) Disputes Payee 104

Neopay

DECEMBER 16, 2024

The Financial Conduct Authority (FCA) continues its commitment to guiding firms on embedding the Consumer Duty by publishing two insightful reports. Robust processes: Established procedures for report production, involving relevant business areas and governance bodies.

Consumer 52

Consumer Compliance Audit Government 52

PYMNTS

FEBRUARY 10, 2020

regulators, including the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA). The FCA has expanded oversight of the crypto industry due to anti-money laundering (AML) and counter-terror financing (CTF) procedures. Thus far, the regulators have not raised any red flags.”.

FinTech 82

FinTech Money Laundering Cryptocurrency Fed 82