Stax

JANUARY 8, 2024

Data security and breach-prevention practices All payment systems run on information. Final Words Risks are a persistent factor for PayFacs and can be a cause for serious losses for the entire payment ecosystem. This includes their name, date of birth, address, identity documents, etc.

Risk Management 88

Risk Management Risk Money Laundering Procedures 88

Stax

AUGUST 22, 2024

You need to adhere to KYC (Know Your Customer) requirements, GDPR (General Data Protection Regulation), and AML (Anti-Money Laundering) regulations among others. They also need to have strong data security protocols in place. Make sure you are compliant with all data security and fraud prevention regulations.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

FICO

FEBRUARY 7, 2017

Proactively understanding and addressing your organization’s security posture means you can demonstrate that your risk mitigation strategies are working to protect your organization’s digital assets.

Cybersecurity 51

Cybersecurity Risk Mitigation Mitigation Underwriting 51

PYMNTS

JANUARY 26, 2018

The company warned that this creates significant security threats to the companies as they share sensitive and confidential data. Unlike centralized databases, a blockchain solution is permanent, immutable, trust-free and perpetually accessible, thus providing risk mitigation.”.

Blockchain 62

Blockchain B2B Transactions API 62

PYMNTS

OCTOBER 3, 2019

While the risk mitigation opportunities of virtual assistants may be enticing for corporate finance executives, it’s possible that reservations over data privacy felt in their consumer lives could also carry over into the corporate sphere. “In in particular.

Privacy 55

Privacy Finance Third-Party Service Provider B2C 55

PYMNTS

APRIL 19, 2019

That’s particularly true when it comes to compliance and data security. The EU’s General Data Protection Regulation (GDPR) is a prime example, said Jones. In the U.K., However, accountants cannot take on these value-added offerings if they are managing payroll manually.

Payroll 61

Payroll Accounts Innovation Small Business 61

FICO

FEBRUARY 20, 2017

Proactively understanding and addressing your organization’s security posture means you can demonstrate that your risk mitigation strategies are working to protect your organization’s digital assets.

Cybersecurity 40

Cybersecurity Risk Mitigation Mitigation Assessments 40

PYMNTS

JULY 17, 2019

Loan portfolio data and access to “multidimensional analytics” about lending operations and risk exposures is essential to banks and other financial institutions in their quest to balance access to capital with risk mitigation. According to Price, data is at the heart of all of these balancing acts.

Risk 52

Risk Compliance Risk Mitigation Mitigation 52

PYMNTS

SEPTEMBER 14, 2020

Despite a rising understanding of the importance of third-party cyber risk mitigation efforts, such incidents as these continue to occur — and amid the pandemic, the volume of attacks is on the rise. According to Breach Clarity CEO and Co-founder Jim Van Dyke , this isn't to say that organizations' security investments are failing.

Breach 52

Breach Multifactor Authentication Ransomware Email Compromise 52

PYMNTS

MARCH 18, 2019

Amy Hsu, vice president of product and research, recently spoke with PYMNTS about how the CU makes its members’ Zelle transfers both seamless and secure. First, we want the payment to be as secure as possible with risk mitigation. There are two sides,” Hsu said. A P2P Balancing Act.

P2P 59

P2P Zelle Security Venmo 59

The Fintech Times

DECEMBER 15, 2023

In the new world of borderless transactions, investing the time and technology in improving the cross-border payment experience will be critical to not only frictionless payments but also growth, liquidity management and risk mitigation.”

Cross-Border 59

Cross-Border Cross-Border Payments Interoperability Payments 59

PYMNTS

JULY 17, 2018

The blockchain hype-machine is driven largely from the technology’s proponents that say they have an application of the tool for everything: payments, risk mitigation, contracts, KYC (Know Your Customer) compliance, financing, cloud storage, an alternative to foreign exchange, credit underwriting.

Blockchain 40

Blockchain Distributed Ledger Technology (DLT) Agreements Use Case 40

PYMNTS

APRIL 20, 2017

Schneider said that of all the risks a business can face today, cybersecurity and data security are top of the heap. Outsourcing is on the rise, and what that does is increase the number of third parties you’re dealing with.”.

Cybersecurity 46

Cybersecurity Data Breach Mitigation Breach 46

EBizCharge

JUNE 6, 2025

Security and PCI compliance: Ensure the gateway is compliant with Payment Card Industry Data Security Standards (PCI DSS) and offers comprehensive security features, such as encryption, tokenization, and fraud prevention tools. This ensures your payment processing remains secure, legal, and reliable.

Payment Gateways 52

Payment Gateways Gateways Payments Risk 52

Ikajo

NOVEMBER 22, 2023

PayFac as a Service’s vendors may guide businesses in obtaining licenses and security certifications that ensure compliance with industry standards. Risk mitigation Given that PayFacs handle the most sensitive information of customers – their payment data – they must keep it secure and detect unauthorized transactions.

Facilitators 52

Facilitators Payment APIs and Integration PCI DSS Payments 52

Nanonets

AUGUST 1, 2023

This shift significantly enhances risk mitigation strategies, ensuring a higher return on investment. Security features: Applications built with no-code development tools come with built-in cross-platform support, data integration capabilities, and robust data security features.

Automation 52

Automation Bots Process Small Business 52

Nanonets

JULY 25, 2023

Through techniques like variance analysis, sensitivity analysis, and stress testing, analysts can identify potential risks and their impact on financial outcomes. This helps companies develop risk mitigation strategies and improve decision-making.

Financial Analysis 52

Financial Analysis Payment APIs and Integration Assessments Automation 52

Nanonets

AUGUST 16, 2024

  With automation, insurers can automate repetitive tasks such as manual data entry and document verification, speed up claim processing to increase efficiency and accuracy and minimize errors and fraud. This transformation enhances operational efficiency and results in significant cost savings and improved customer satisfaction.

Automation 52

Automation Process Fraud Detection Payment APIs and Integration 52

Fintech News

FEBRUARY 11, 2025

So, how can the economies in this region harness the benefits of AI while ensuring ethical use, data security, and fairness? As a result, they are subject to stringent compliance requirements to ensure fairness, security, and accountability. A simplified infographic that shows the differences in AI regulations in the U.S.,

AI 122

AI Regulations APACS Consumer Financial Protection Bureau (CFPB) 122