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Rivero Advises Banks to Brace for Spike in Cardholder Disputes as Black Friday and Cyber Monday Near

Fintech Finance

Rivero is therefore urging institutions to implement proactive measures that ensure seamless transactions and reliable customer support throughout the seasonal rush. As the holiday shopping season approaches, card-based payments continue to dominate consumer transactions.

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Chargebacks: A Survival Guide

Cardfellow

Incorrect Transaction Code 12.3: Duplicate Processing / Paid by Other Means 12.7: Original Credit Transaction Not Accepted 13.9: Non-Receipt of Cash or Load Transaction Value Mastercard Chargeback Reason Codes Mastercard continues to have a long list of possible reason codes, as follows. Incorrect Transaction Code 12.3:

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FCA and PSR Report on Digital Wallets

Fintech Finance

The use of digital wallets has rapidly grown in recent years with the proportion of card transactions using a digital wallet increasing significantly from 11% in 2019 to 35% in 2023. On the competition concerns heard, to avoid regulatory duplication, we have shared our findings with the Competition and Markets Authority (CMA).

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AI in Finance: Freeing Managers from Routine Tasks to Drive Business Growth

Fintech News

Effective expense management, however, depends on how well a company captures and processes information, approves transactions, ensures accurate financial accounting, and uploads correct payment data. AI-powered algorithms can detect patterns in financial transactions that may indicate fraudulent activity.

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When do crypto firms need additional EU licences for stablecoin transfers? EBA issues guidance on the interplay between PSD2 and MiCA

The Payments Association

Legislative reform: The EBA recommends that PSD3/PSR clarify the requirements applicable to EMT transfer services, avoiding duplicative regulatory authorisation requirements while ensuring robust consumer protection and market integrity. What happens before PSD3/PSR applies?

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One Tap to Pay, Three Steps to Bank: Why Your Smartphone Gets You, But Your Bank Still Doesn’t

Fintech Finance

Banks commonly rely instead on outdated authentication methods like PINs, passwords, and repetitive verification steps, for even the simplest transactions. ” Bridging trust and experience in banking authentication As digital transactions speed up and user expectations rise, the pressure to modernize financial authentication only grows.

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TreviPay Unveils Advanced Purchase Controls to Enhance B2B Commerce Experiences

The Fintech Times

By automatically flagging and preventing non-compliant transactions at the point of purchase, businesses avoid the costly back-and-forth communication typically required to resolve purchase order discrepancies.

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