The Payments Association

OCTOBER 14, 2024

The Payment Systems Regulator’s decision to lower the cap for APP fraud reimbursements to £85,000. The Payment Systems Regulator (PSR) recently announced a significant change to the cap for authorised push payment (APP) fraud reimbursements. Cath expresses several criticisms of the proposed changes to the APP fraud reimbursement cap.

Caps

Fintech News

JANUARY 2, 2024

YouTrip users can now hold up to S$20,000 in their wallets, a significant jump from the previous S$5,000 limit, and have access to an annual spending limit of S$100,000, previously capped at S$30,000. Alongside the increased limits, YouTrip has also introduced several anti-scam measures.

Caps

Neopay

SEPTEMBER 11, 2024

Alongside this announcement, the PSR has also published a consultation on high-value APP fraud cases, focusing on reviewing and possibly revising the reimbursement cap for victims of APP scams. This issue is key in demonstrating why stronger protections beyond transaction limits are necessary.

Caps

PYMNTS

NOVEMBER 23, 2018

With the new policies, changes include lowering the transaction limits on the sale of store-branded gift cards. At the same time, the changes also dictate that store-branded gift cards can’t be redeemed for other gift cards and place a cap on the amount of money that can be added to the cards.

Federal Trade Commission

EBizCharge

NOVEMBER 12, 2024

Some providers offer aggregated accounts, which may be suitable for smaller businesses, while others require dedicated merchant accounts, which are typically beneficial for larger transaction volumes or businesses needing greater control over funds. Is there a transaction cap? What’s the approval process like?

Service Provider

M2P Fintech

JANUARY 23, 2025

Full Delegation This mode allows the primary user to assign a monthly transaction limit of up to 15,000 to the secondary user. Within this limit, the secondary user can independently make payments, with a maximum cap of 5,000 per transaction.

Financial Literacy

Stax

AUGUST 22, 2024

Conducting background checks, assessing their credit, evaluating their business model, verifying their transaction history, and assessing financial stability are just some of the steps required to vet a merchant. To reduce your risk exposure, set volume and transaction limits to cap the amount of losses your business can undertake.

Risk Management

Stax

JANUARY 1, 2024

These might include free business advice, options to set up joint account holders for partnerships, higher transaction limits, or bundled products and services that offer cost savings. These accounts are tailored to meet the unique needs of businesses, such as higher transaction limits and potential for earning interest.

Accounts

Stax

JUNE 27, 2024

Global ACH is available but only for bank-to-bank networks Wire transfers have no geographic limitations. Here are some common uses of wire transfer: Large transactions – While most financial institutions have a cap on the maximum amount for wire transfers, the limit tends to be high.

Wire Transfer

Stax

MAY 2, 2024

For example, one lender might require you to maintain monthly credit card transactions worth $2500 while another might cap the minimum limit at $5000. The lender might deny your MCA application simply because you don’t meet the minimum number of credit card transactions.

Credit Cards