Fintech Review

JUNE 25, 2024

By embedding predefined rules and conditions into code, smart contracts ensure trust and eliminate the need for manual oversight. Traditional contract processes are plagued by inefficiencies, delays, and potential disputes. The implications for fintech are profound.

Blockchain 95

Blockchain Technology Innovation Cross-Border 95

Fintech News

JUNE 12, 2024

To make multilateral payment platforms work well, there need to be clear rules and ways for different systems to work together. As multilateral platforms scale, the governance framework must evolve to keep up with changes in board participation, voting rules, regional representation, and economic models.

Cross-Border Payments 122

Cross-Border Payments Cross-Border Interoperability Participant 122

The Payments Association

MARCH 14, 2025

Payment processors impose these fees to mitigate potential financial losses from disputed transactions. These rules help prevent fraud, identity theft, and illicit transactions. To minimise disputes and fraud-related losses, businesses should: Use fraud detection tools that flag suspicious transactions before they are processed.

Risk 88

Risk Disputes Processors Fraud Detection 88

PYMNTS

MAY 5, 2016

Later this morning the CFPB will begin taking comments on proposed rules that would ban financial firms from placing mandatory arbitration clauses within consumer contracts. Many banks and financial companies avoid accountability by putting arbitration clauses in their contracts that block groups of their customers from suing them.

CFPB 40

CFPB Rules Credit Cards Disputes 40

Fi911

DECEMBER 19, 2023

Initially reliant on automated and rule-based systems, financial institutions are now turning to machine learning for more effective fraud detection. ML-enabled tools and procedures are introducing predictive analytics, real-time fraud detection, and automation to dispute management at the banking level.

Fraud Prevention 98

Fraud Prevention Fraud Detection Point-of-Sale (POS) Online and Mobile Banking 98

PYMNTS

JANUARY 15, 2021

The dispute between Epic Games and Apple is deepening, Bloomberg said Thursday (Jan. Apple claimed Epic had violated its terms of service, and blocked the game from its app, though the company said it would re-admit the app if Epic removed the in-app payment update. The company said it wanted to provoke an issue to the courts.

Legal 63

Legal Disputes Rules Blocks 63

PYMNTS

SEPTEMBER 13, 2020

Epic asked the Northern California District court to stop Apple from blocking the game. Epic Games and Apple are at liberty to litigate against each other, but their dispute should not create havoc to bystanders,” Rogers wrote in a ruling. Epic filed suit alleging Apple "retaliation" claiming its practices restrict competition.

Blocks 63

Blocks Disputes Legal Rules 63

PYMNTS

JULY 11, 2017

The Consumer Financial Protection Bureau (CFPB) has handed down a controversial ruling stating companies cannot opt to use arbitration clauses in their contracts with consumers in a manner that keeps consumers from joining class action lawsuits. The rule begins applying to agreements and contracts 180 days later. .

CFPB 40

CFPB Rules Consumer Financial Protection Bureau (CFPB) Credit Cards 40

Clearly Payments

OCTOBER 22, 2024

If the wrong PIN is entered too many times, the card may be temporarily blocked. This extra layer of security lowers the risk of fraudulent activity in your business, which can otherwise lead to chargebacks or disputes. Reduced Chargebacks : Chargebacks happen when a cardholder disputes a transaction, claiming it was unauthorized.

Debit Card 105

Debit Card Credit Cards Point-of-Sale (POS) Encryption 105

Fintech Finance

MARCH 22, 2024

Built in-house, this solution will also help Indian businesses reduce chargebacks and disputes, thereby empowering them with tools strategically designed to combat fraudulent transactions with precision and securing financial stability. It aims at reducing payment frauds upto 40%.

PCI DSS 52

PCI DSS Payment APIs and Integration Risk Management Payments 52

Clearly Payments

OCTOBER 25, 2024

These businesses may have higher chances of disputes or be involved in industries that are more prone to financial risk. But when it comes to high-risk businesses, they typically charge higher fees, have stricter rules, and require extra measures to protect themselves from potential losses. What Makes a Business High-Risk?

Risk 52

Risk Accounts Processors Disputes 52

Accertify

AUGUST 28, 2024

We also found that, for every $30 in chargebacks, merchants might lose $32 in wasted labour, $27 in chargeback fees, and $12 in dispute resolution fees 3. When genuine customers can alter or temporarily suspend their subscription without fuss, they’re less likely to trigger a chargeback to block payment. Luckily, there is one.

Disputes 52

Disputes Automation Volume Blocks 52

PYMNTS

MAY 8, 2017

The European Commission is reportedly considering a number of options, ranging from sector-specific rules to an independent committee that could work to settle disputes between major digital platforms and others. Apple had blocked an update to Spotify’s iOS app, allegedly to thwart any potential competition to its Apple Music service.

Blocks 40

Blocks Disputes Gateways Laws 40

PYMNTS

JULY 19, 2019

Amazon’s pharmacy arm PillPack could soon be blocked from accessing patients’ histories, pitting the online giant against Surescripts, an electronic prescribing company that manages about 80 percent of all U.S. prescriptions, sources told CNBC.

Federal Trade Commission 43

Federal Trade Commission FTC Duplicate Disputes 43

Fintech Finance

APRIL 9, 2024

Furthermore, 55% have started considering how their business can be compliant with Payment Services Directive 3 (PSD3) – an EU directive setting out stricter rules for protecting consumers’ rights and personal information in the finance industry.

Fraud Prevention 52

Fraud Prevention Payments Research Debit Card 52

Stax

JANUARY 15, 2024

Implement geo-blocking measures, i.e., blocking or limiting payment transactions from regions or countries where surcharging is prohibited by local regulations. Navigating Card Network Rules Credit card brands and financial institutions enforce PCI DSS compliance. Mastercard ​​Mastercard co-founded and co-developed the PCI DSS.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

Nanonets

SEPTEMBER 15, 2024

These AI-powered tools extract data accurately, validate the extracted information, flag discrepancies, route documents for approval based on custom rules, and finally export it to downstream business software. All parties rely on rate confirmations to resolve any disputes that may arise during or after the shipment. The result?

Automation 52

Automation Process Disputes Compliance 52

Fintech Finance

APRIL 25, 2024

Over the same period, businesses that use Stripe Radar for fraud prevention saw their dispute rates fall by 10%. Businesses can use natural language prompts to describe new fraud rules they’d like to set, and the assistant will draft rules accordingly.

Interoperability 52

Interoperability AI Payment APIs and Integration Fraud Prevention 52

PYMNTS

JUNE 1, 2020

“Visa and Mastercard and the card brands in the last two years have made more updates and changes to their chargeback rules and technologies than they did in the previous 25 years,” he told Webster. That landscape had been scaling since before the pandemic occurred, he said. Looking At The Future.

Cross-Border 69

Cross-Border Payments Privacy Issuers 69

Seon

MAY 28, 2024

Additionally, implementing velocity rules makes it possible to identify payment anomalies and detect irregularities like rapid turnarounds between registration and withdrawal or unusual deposit-to-withdrawal ratios. SEON’s anti-fraud experts have crafted rules to identify and combat bots in a custom rules engine.

Security 52

Security Bots Fraud Prevention AML 52

Segpay

MARCH 10, 2025

Solution with Segpay: AI-Powered Fraud Detection Segpay uses advanced risk analysis, machine learning, and real-time fraud screening to block suspicious transactions. Chargeback Management Tools Segpay provides automated dispute resolution tools, helping gaming platforms minimize revenue loss due to fraudulent chargebacks.

Payment Gateways 40

Payment Gateways Gateways Payment Solutions Payment APIs and Integration 40

Nanonets

JANUARY 31, 2024

Refunds: Bank transactions can be refunded, or your deposits can be withheld due to disputes. You can set up rules to make the adjustments in-app through workflow blocks.` This can lead to a date mismatch. There could also be errors made in the bank statement that need to be adjusted. How long does month-end reconciliation take?

Best Practices 52

Best Practices Reconciliation Adjustments Correspondent 52

Nanonets

MAY 10, 2023

Legal Education: Keeping up-to-date with new laws, rules, and regulations is essential but time-consuming. Analyzing references and citations Chat GPT can analyze all cases that cite specific statutes, regulations, or court rules. For example, we asked the ChatGPT to name the most famous court cases that cite New Kids on the Block v.

Legal 52

Legal Laws Procedures AI 52

FICO

JANUARY 10, 2023

FICO colleagues Andy Procter and Supriti Singh were on hand with their presentation Application Fraud – Rules, Models and Humans. They were able to identify attempts to uncover CVVs on the cards they had issued and could therefore have those cards blocked and reissued. Innovative Customer Communications for Fraud.

Scams 52

Scams Posting Push-to-Card Compromise 52

Nanonets

FEBRUARY 6, 2024

Streamline your intercompany reconciliation by standardizing tools, rules & processes. Its primary aim is to accurately account for all transactions and adjust accounts according to intercompany accounting rules. The internal transactions are subject to different tax rules, making it essential to report them correctly.

Reconciliation 52

Reconciliation Adjustments Automation Transactions 52

Nanonets

DECEMBER 21, 2023

Yet, McKinsey's 2023 supply chain survey showed that nearly half of the respondents had not consistently invested in the digital supply chain's core building blocks. Errors in this information can lead to payment failures, bad debts, disputes, or even fraud. Even crazier? Talk about untapped potential!

Database 52

Database Payment APIs and Integration Automation Process 52

PYMNTS

JUNE 19, 2020

Security Save Of The Week: Blocking The Biggest DDoS Attack Attempt Ever . CNBC reported that the company’s pharmacy unit is currently involved in a lawsuit with Express Scripts, which dropped CareZone from its network over a contract dispute. Amazon Web Services also defeated the largest DDoS attack ever attempted.

Security 56

Security Push-to-Card Consumer Continuity 56

FICO

AUGUST 3, 2022

FICO colleagues Andy Procter and Supriti Singh were on hand with their presentation Application Fraud – Rules, Models and Humans. They were able to identify attempts to uncover CVVs on the cards they had issued, identifying a subset to be blocked and reissued. Here’s an excerpt of what Adam reported: 1.

Financial Crimes 52

Financial Crimes Crime Scams Bots 52

PYMNTS

SEPTEMBER 12, 2017

One week ago, the CFPB’s arbitration rule seemed more or less doomed to the scrap heap of financial regulatory history. The Comptroller of the Currency formally requested that the CFPB halt implementation of the rule while the OCC reviewed its effect on the banking industry. The Abbreviated History Of The Arbitration Rule.

CFPB 47

CFPB Rules Breach Disputes 47

FICO

JUNE 14, 2022

FICO colleagues Andy Procter and Supriti Singh were on hand with their presentation Application Fraud – Rules, Models and Humans. They were able to identify attempts to uncover CVVs on the cards they had issued and could therefore have those cards blocked and reissued. Innovative Customer Communications for Fraud.

Bots 52

Bots Scams Financial Crimes Push-to-Card 52

PYMNTS

NOVEMBER 2, 2017

The White House announced that President Donald Trump signed a Congressional resolution allowing banks to block customers from filing class-action lawsuits. In fact, this move could also protect a company’s ability to block customers from suing in a variety of non-financial services.

Consumer Financial Protection Bureau (CFPB) 40

Consumer Financial Protection Bureau (CFPB) CFPB Blocks Card Issuer 40

Fintech Weekly

JUNE 5, 2025

Federal regulators are pulling back — lawsuits dropped, rules relaxed, priorities reshuffled. And the analogy fits as some of the competition for those resources feels like the wild west in terms of sharp conduct and disputes. Now, its absence might be the biggest risk. For some, that looks like freedom.

Risk 78

Risk Legal Legal Framework Laws 78

PYMNTS

NOVEMBER 23, 2017

The Consumer Financial Protection Bureau (CFPB)’s much debated, loved and hated arbitration rule has been officially killed through the rule’s being struck from the Federal Register. House of Representatives passed its own resolution against the arbitration rule in July, and the Senate voted similarly in October.

CFPB 41

CFPB Rules Consumer Financial Protection Bureau (CFPB) Void 41