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Navigating AML obligations in the age of virtual IBANs

The Payments Association

While vIBANs offer innovation in payment systems, they introduce risks like money laundering due to insufficient oversight. Payment Service Providers must strengthen due diligence, monitoring, and collaboration with regulators to address these risks. This leads to inadequate due diligence. What’s next?

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Credit Card Processing for Small Business: Everything You Need to Know

Stax

However, you must do your due diligence and be sure that the payment gateway will integrate seamlessly with your existing systems and your PSP’s platform. This means you pay the applicable rate for the tier your volume of transactions falls under for a particular month.

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How a Payment Consultant Helps Enterprises Optimize Payments Infrastructure, Operations, & Costs

Clearly Payments

Clearly Payments acts as a long-term advisor, helping with: RFPs and vendor selection for new platforms or partners M&A payments due diligence New product launches and billing models (subscriptions, usage-based, etc.) This isnt just about slashing fees, its about paying the right amount for the right infrastructure.

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Merchant Underwriting: What It Is, How It Works, and Why It’s Important

Stax

The merchant underwriting process helps reduce fraud (including chargeback volume), ensures compliance with regulations, and protects financial stability in the payment processing space. High-risk industries, such as gaming or adult entertainment, undergo more stringent scrutiny due to their higher likelihood of fraud or chargebacks.

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What Are Virtual Terminals? A Guide for Businesses

EBizCharge

6 disadvantages of using a virtual terminal Manual entry requirements: Manual entry of payment details into virtual terminals can increase human error and slow down the process for high transaction volumes. Merchants should do their due diligence to implement a secure virtual terminal that protects their business and builds customer trust.

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The growing threat of AI-enabled fraud

Neopay

Generate realistic fake documentation to bypass due diligence processes. Large Language Model (LLM): Models trained on vast volumes of text data, typically from the internet, that can generate human-like text responses. Fraudsters can use GenAI to: Quickly learn about specific targets and create personalised scams.

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Financial Crime 360 state of the industry report 2025

The Payments Association

Automation and enhanced due diligence received more modest attention at 18% and 5% respectively. This focus on digital identity infrastructure supports efforts to combat identity fraud, which ranked as the second most impactful fraud type affecting businesses. Economic crime is a societal problem with no deterrence.