Basis Theory
NOVEMBER 12, 2024
In practical terms, this means there are fewer PCI requirements you need to comply with within your self-administered systems, reducing cost and risk. Both offer enhanced security for storing and utilizing payment data, reducing overall fraud and risk levels. They can be validated and identified without risking exploitation.
Fintech News
AUGUST 7, 2025
Rethinking Registration to Stop Fraud Early Source: wombatzaa via Freepik User registration is fintech’s critical first line of defense, but traditional methods, such as manual document verification and static data checks from consortia databases, are faltering against modern schemes.
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My Payment Savvy
AUGUST 10, 2025
High-risk industries like CBD, debt collection, and credit repair see even higher fraud rates, which is why many mainstream processors won’t work with these businesses at all. Once you’re flagged as high-risk, finding new payment processing becomes expensive and difficult. The consequences go beyond immediate losses.
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?
The Payments Association
JUNE 29, 2025
Each ID-Pal Once profile is built from already-verified identity data, but critically, this information is re-validated against an organisation’s own risk rules, without requiring the end user to repeat the submission process. This ensures ongoing compliance while minimising user friction.
Fi911
JUNE 20, 2025
These regulations focus on verifying that provided information matches databases, not whether the identity represents a real person. Financial Impact & Risk Exposure Synthetic identity fraud losses average $15,000 per account according to recent industry studies; significantly higher than traditional fraud.
The Fintech Times
FEBRUARY 19, 2025
” Risks of automation dependance Sharing a similar view, Adam Ennamli , chief risk and security officer at General Bank of Canada , added: “Failures can have existential consequences, from significant monetary losses to complete loss of market trust and regulatory penalties.
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