Fintech News

JULY 15, 2025

Over the past year, banks have phased out SMS one-time passwords (OTPs) for digital logins and card transactions, reducing the risk of account takeovers. The tool helps prevent unauthorised digital transfers even if a customer’s banking access is compromised. Several changes have already been rolled out.

Scams

The Payments Association

MARCH 17, 2025

Defining “acceptable risk” in UK payments regulation 13 March 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? How the FCA can define and balance acceptable risk in UK payments regulation to support innovation while ensuring financial stability and consumer protection. What’s next?

Regulations

The Payments Association

JULY 23, 2025

Risk-mitigated migration: Portfolio migrations represent significant operational risk. Our proven methodology reduces complexity and mitigates risk, while maintaining zero-downtime transitions—critical for maintaining customer trust in the competitive UK market. View the infographic here

PCI DSS

Trade Credit & Liquidity Management

JULY 9, 2025

Eftsure is designated as a Preferred Partner in three critical categories: Account Validation, Fraud Monitoring, and Risk and Fraud Prevention. This approach helps prevent common threats such as business email compromise (BEC), fake invoices, insider scams, and duplicate payments.

NACHA

Fintech News

MAY 8, 2025

The technology is enabling large scale impersonation scams, including executive-level business email compromise (BEC) attacks and misinformation campaigns. Many SaaS platforms include client-specific information in URLs, compounding the risk by exposing sensitive data when combined with compromised credentials.

Data Breach

The Payments Association

JUNE 9, 2025

The latest updates deliver capabilities far beyond those of the legacy system, creating new opportunities to revolutionise services, reduce risk, expand market reach, and drive innovation. This represents a strategic shift for payment providers, affecting cost structures, risk exposure and increasing competition.

ISO 20022

Finextra

AUGUST 6, 2025

Similarly, a transaction piped through an unusual IP (proxy/VPN or an IP from a high-risk region) should raise eyebrows. Merchant tags (industry, risk level, typical transaction pattern) are useful for risk scoring. Merchant Category or Velocity Anomalies: Behavioral context around the merchant can be revealing.

Rules

Fintech Finance

APRIL 7, 2025

. “We designed the Team Members Feature with one goal in mind: to empower businesses to manage finances collaboratively without compromising on control or compliance,” said Andrii Faier, Product Manager at PayDo. Why It Matters Manual workflows and the bureaucracy of permission control can stagnate the once-efficient workflows.

Accounts

Fintech Finance

MARCH 10, 2025

Bringing enhanced security and convenience, Tap-to-Add Card eliminates the cumbersome process of manual entry, a common source of errors and a vulnerability exploited by fraudsters seeking to compromise sensitive card information.

Digital Payments

VISTA InfoSec

MARCH 13, 2025

However, with this widespread adoption comes an equally significant risk which is the growing threat of data breaches and payment fraud. million accounts were leaked witnessing a 388% increase in compromised user accounts. In the first quarter of 2024 alone, there were around 1.8 This is where the PCI DSS comes into play.

PCI DSS

Stax

DECEMBER 12, 2024

It can also help minimize errors and risks of bounced checks. rewards cards, corporate cards) and the transactions risk. Look for responsive customer support Small businesses risk losing $10,000 per hour of downtime. They also risk facing penalties, legal issues, and a damaged reputation that could take years to rebuild.

Small Business

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

Innovative Payments Association

JANUARY 13, 2025

It’s crucial for seniors, their families, and caregivers to understand the risks and learn how to safeguard against them. Tech Support Scams: Fraudsters pose as representatives from well-known tech companies, claiming that a senior’s device or account has been compromised.

Scams

Fintech Review

APRIL 20, 2025

However, as services become more digitised, the risks multiply. In the financial sector, it includes fraud detection, threat intelligence, data encryption, biometric verification, and risk monitoring. The risks range from phishing and account takeovers to ransomware and insider threats.

Finance

Fintech News

APRIL 28, 2025

The product aims to address long-standing challenges in crypto use, including the complexities of managing private keys and the historical risk of losing digital assets due to forgotten credentials. Transactions are free of charge, with near-instant settlement, although transfers are subject to compliance and risk controls.

Web 3.0

Stax

APRIL 3, 2025

If a hacker compromises the eCommerce site, they only access a useless token, instead of payment data. High-risk industry – CBD, adult, gambling, cryptocurrency, and online pharmacies are considered high-risk businesses. This token is used in place of the actual payment data.

Payment Solutions

The Fintech Times

MARCH 10, 2025

By launching the solution, which removes the need for manual entry – a common source of errors and a vulnerability exploited by fraudsters seeking to compromise sensitive card information – Visa aims to promote the use of digital wallets in Egypt while also bolstering security in the region.

Digital Payments

Finextra

JULY 7, 2025

For example, among banks that have implemented GenAI, 88% have seen improvements in risk management and compliance, and 85% report time/cost savings. Indeed, 64% of finance leaders report using AI for fraud detection and risk management in their institutions. These are significant positive outcomes.

AI

Stax

MARCH 18, 2025

A good system plays a vital role in managing cash flow, alleviating fraud risk, and enhancing customer satisfaction. The issuing bank approves or declines the transaction – If the payment details are correct, the customer has sufficient funds in their account, and theres no fraud risk, the issuing bank approves the transaction.

Process

The Payments Association

JUNE 3, 2025

Moreover, network tokenisation reduces the regulatory burden by eliminating the need to store sensitive card data, supporting the Payment Card Industry Data Security Standard (PCI DSS) compliance and lowering the risk of data breaches. This enables rapid scaling of new payment use cases, without duplicating risk exposure.

Security

Finextra

JUNE 26, 2025

When you follow compliance rules, you reduce the risk of fraud, chargebacks, and penalties. How PCI DSS affects your digital payment operations When you’re PCI DSS compliant, you reduce the risk of costly breaches. It helps you offer smarter, faster, and more personalized financial experiences without compromising security.

PCI DSS

The Payments Association

OCTOBER 28, 2024

Payment leaders must focus on fraud prevention, collaboration with tech and telecom sectors, and public education to mitigate future risks. In the world of digital payments, fraud is an ever-present threat that continues to evolve, creating serious risks for both businesses and consumers.

Scams

The Payments Association

JUNE 16, 2025

A successful digital British pound hinges on a well-defined product, clear processes, and expert people to balance innovation with risk. More complex risks, like counterfeiting and double spending, also need to be addressed to build trust. But widespread adoption remains distant.

Settlement

Finextra

JUNE 19, 2025

September 25th 2025 15:00 BST | 16:00 CEST | 10:00 EDT Online Join this Webinar How can banks scale AML compliance in an increasingly complex and high-risk environment without compromising the commercial client experience? How do banks move beyond throwing people at the problem?

AML

Clearly Payments

AUGUST 8, 2025

of deposit fraud cases stem from stolen identities At-risk groups: Young adults see the most fraud attempts; older Canadians face the highest dollar losses Friendly Fraud & Chargebacks in Canada Friendly fraud is growing in Canada and can be costly for merchants. of fraudulent credit card applications and 89.3%

Credit Cards

My Payment Savvy

AUGUST 10, 2025

Benefits of Tokenization No Sensitive Data Storage: Your systems never store actual payment information, dramatically reducing your data breach risk. This capability can be both a feature and a security risk. Even if tokens are compromised, they reveal nothing about the original payment information.

Encryption

Neopay

APRIL 10, 2025

The fine of 3.5 million was calculated taking into account the gravity, duration, and geographic scope of the infringements, as well as the gross income of Revolut Holdings Europe, its Lithuanian-based holding company.

Central Bank

Fintech Finance

NOVEMBER 28, 2024

Its self-custody approach reduces the need for intermediaries, offering control and reduced exposure to third-party risks. This goes beyond current methods of managing sensitive information for individuals and organizations, ensuring data recovery without compromising privacy. “We

Security

FloQast

MARCH 19, 2025

Audit and Fraud Detection AI agents can run night and day, performing continuous monitoring tasks to identify: Risks of fraud Historical data trends Comparative analysis Anomalies in the data If any anomalies are present or the analysis finds a discrepancy, an internal team notification can be sent for further analysis.

AI

Fintech Finance

MARCH 28, 2025

“This new reality for fraud demands a fundamental shift in how businesses approach risk decisioning, moving beyond fragmented data points and using a framework that puts identity insights as the core tenant for establishing trust.” attack rate Social Media: 5.2% attack rate Transportation: 4.8%

Consumer

Clearly Payments

MARCH 4, 2025

When a business processes a payment using EMV chip technology, it reduces the risk of fraud, which can result in lower chargeback rates and fewer fraud-related penalties. By taking these steps, they not only saved money but also improved security, customer satisfaction, and transaction efficiency.

Small Business

Trade Credit & Liquidity Management

JUNE 2, 2025

In today’s competitive business environment, the credit department’s primary value lies in its ability to facilitate sales in alignment with company forecasts and objectives, not just to minimize risk, but to actively support growth. Look for ways to adapt procedures to support sales without compromising risk standards.

Liquidity Management

The Payments Association

JUNE 23, 2025

In addition to jurisdictional data, risk levels, and business size compatibility, providers are mapped by type, including credit cards, alternative payment methods (APMs), wire transfers, and cryptocurrency. Conversely, merchants are classified according to their transaction history, risk profile, industry, and location.

Technology

Finextra

JUNE 25, 2025

In a world of instant expectations, rising digital risk, and hypercompetition, AI is not a future concept,it’s the present differentiator. Real-Time Compliance & AML Monitoring With faster payments come faster risks—and heightened regulatory expectations. Here’s how AI is redefining payments at every layer of the stack.

Fraud Detection

Finovate

MARCH 19, 2025

The collaboration will help banks, fintechs, and financial institutions enhance fraud prevention without compromising the user experience. Tuum-powered institutions will also benefit from the ability to securely scale and operate in multiple markets thanks to real-time decisioning and continuous risk monitoring.

Fraud Prevention

Finextra

JULY 1, 2025

Traditional authentication methods rely heavily on static passwords and one-time codes, which can be easily compromised. For high-risk transactions, a contextual notification is sent directly to the trusted device, allowing immediate user verification, giving users peace of mind that they are fully in control.

Account Takeovers

The Fintech Times

MARCH 14, 2025

EBANX also says that network tokenisation stands out as another prime example, as it replaces sensitive card data with encrypted identifiers for each transaction, reducing fraud risk without compromising approval rates. The technology lowers fraud-related declines and enhances the overall quality of transactions.

Continuity