Stax

AUGUST 22, 2024

Thorough due diligence, technology, and adherence to regulatory guidelines are essential in a PayFac’s risk management strategy. You need thorough due diligence, technology, and adherence to regulatory guidelines in your risk management strategy. The due diligence doesn’t stop at onboarding.

Risk Management

CB Insights

FEBRUARY 21, 2019

Due Diligence and Financial Evaluation Process. We consider several areas that could benefit from the use of blockchain technology below, from due diligence to financing systems. Due Diligence and Financial Evaluation Process. These factors can be costly and slow down the due diligence process.

Blockchain

Stax

SEPTEMBER 17, 2024

Most payment gateways come with features like fraud detection and data encryption that are specifically geared towards keeping your customers’ payment information secure. The gateways authorize the customer’s payment and encrypt the cardholder information. Popular payment gateways include Authorize.net, Stax, Stripe, Adyen, and Square.

Payment Gateways

Nanonets

DECEMBER 13, 2023

The audit trail acts as a comprehensive record, demonstrating due diligence in regulatory adherence. Data Privacy and Security Compliance: AI systems can enhance data privacy and security compliance by implementing robust encryption methods and access controls.

AI

Stax

SEPTEMBER 17, 2024

sanctioned countries Security Features Highly secure with financial industry standards, encryption, and strict protocols Enhanced security with proof of identity required Best for Recurring bills, payroll, government transactions, B2B payments High-value transactions, urgent payments, international transfers What is ACH (Automated Clearing House)?

Wire Transfer

Core

FEBRUARY 6, 2024

Vendor Verification and Due Diligence Government organizations that work with external service providers should thoroughly validate vendor details to ensure accuracy and legitimacy. However, ongoing evaluation of their practices, compliance standards, and cybersecurity measures are essential aspects of due diligence.

Best Practices

Core

MARCH 19, 2024

Conducting Due Diligence on Vendors and Suppliers When working with vendors and suppliers, verifying their legitimacy can reduce the risk of entering into contracts with entities that could attempt to defraud payment processes. A PCI compliance checklist is a good place to start.

Fraud Detection

Stax

NOVEMBER 6, 2023

NFC payments are very secure as any data that is exchanged during a transaction is always encrypted. With mobile payments, customers’ financial information is encrypted so that hackers cannot see it. Doing your due diligence now will save on pain later. Signing Up for Stax You can easily sign up for Stax today.

Small Business

PYMNTS

APRIL 24, 2017

McGurk noted that all of MoneyGram’s data is encrypted in transit and when it is stored. We still do the penetration testing, we still do vulnerability scanning, we still encrypt data in transit,” McGurk said.

Data Security

Neopay

JUNE 27, 2024

This includes implementing robust customer due diligence processes, screening arrangements, customer risk assessment, transaction monitoring systems and ongoing due diligence reviews and risk assessments. Implement strong data privacy controls, including access controls, encryption and regular data backups.

Financial Crimes

PYMNTS

DECEMBER 12, 2018

Tech, then, and specifically cloud-based platforms and services such as those offered by Green Check — spanning onboarding and due diligence activities and transaction monitoring — connects these two highly-regulated industries. Data is encrypted both in transit (coming into databases from a POS) and at rest (in data centers), he said.

Fincen

Fintech Labs Insights

AUGUST 26, 2015

After clicking the Invest Button , investors are routed to a white-labeled page hosted on WealthForge’s servers, which are fully encrypted and secure. For every piece of investor information entered, WealthForge conducts third-party due diligence and bad actor checks.

Compliance

BNG Payments

FEBRUARY 4, 2022

This set of security standards helps ensure that an organization has done its due diligence to protect the sensitive nature of electronic transactions and donor information. When card data is encrypted, even if its compromised in a breach, it's basically worthless because it cannot be decrypted.

Credit Cards

EBizCharge

MAY 8, 2024

Simplified onboarding: The PayFac handles the underwriting and due diligence by evaluating and verifying businesses for eligibility, usually with quick approval turnaround times. Here’s how it works: Sign-up: Businesses can easily sign up with a PayFac provider who becomes the master merchant.

Facilitators

Stax

JANUARY 1, 2024

Strong mobile banking security measures, such as two-factor authentication and encrypted data transmission, are essential to protect sensitive financial information. ATM and branch network: ATM access is important for businesses that handle cash or need to deposit checks frequently.

Accounts

Nanonets

APRIL 29, 2024

Look for features such as role-based access controls, data encryption, and compliance certifications (e.g.,   In addition to the factors mentioned above, it's crucial to conduct due diligence and thorough research into various software options. SOC 2, GDPR) to safeguard sensitive financial data.

Reconciliation

Fintech Labs Insights

MARCH 24, 2016

On Finovate.com: Finovate Debuts: OutsideIQ Heralds a Revolution in Due Diligence with DDIQ for Onboarding. Entrust Datacard and Trend Micro team up to provide businesses with better data encryption and authentication technology. Stephen Ritter Joins Mitek as Chief Technology Officer. See NYMBUS at FinDEVr New York next week.

Due Diligence

PYMNTS

MARCH 14, 2017

For an end user signing up for something from their mobile device or desktop, being able to seamlessly scan and authenticate their physical ID as part of the onboarding process can deliver an improved user experience, as well as confirmation that the organization is compliant in their due diligence to check for an authentic government-issued ID.

AML

Seon

JUNE 15, 2023

Thankfully, as BEC attacks are often a product of human error, many can be avoided with due diligence and training – both of which can be enhanced with the right fraud prevention tools. Reported losses in 2020 exceeded $4.2 The report states that these victims mostly lost their money to BEC scams.

Email Compromise

Fintech Labs Insights

OCTOBER 3, 2016

Partnered with Trend Micro to bring better data encryption and authentication technology to businesses. Selected by PIMCO to improve due diligence and onboarding procedures. Launched new Common Reporting Standard solution for tax residency identification and due diligence. in one year. Thomson Reuters ( FD15 ).

Payment APIs and Integration

Segpay

NOVEMBER 8, 2023

Another concern is the end-to-end encryption (E2EE) introduced by social media and messaging platforms to enhance user privacy. Enhanced Due Diligence is critical to detect suspicious activity continuously after customer acceptance. Beneath each image, a link is posted, which appears to contain the whole video.

Law Enforcement

PYMNTS

OCTOBER 30, 2017

But the blockchain technology also holds promise for future banking transactions and encryption in general. Billionaire Mark Cuban himself invests in ICOs and retracted his previous statement on cryptocurrency as a bubble after his own due diligence: [link]. It does have benefits, however. You mention criminals.

Bitcoin

Fintech Review

MAY 14, 2025

All risk control operations are secured with multi-factor authentication, session-level encryption, and segregated data environments to prevent unauthorized access or systemic manipulation. Users can simulate various trading outcomes under different volatility regimes and stress-test their strategies before deploying capital in live markets.

Risk

The Payments Association

MARCH 20, 2025

As a result, regulators across multiple jurisdictions are increasingly holding firms accountable for the resilience of their suppliers, meaning companies must perform rigorous due diligence on third-party providers.

Compliance