The Payments Association
FEBRUARY 10, 2025
It highlights new corporate responsibilities, significant penalties for non-compliance, and the businesses need to implement strong fraud prevention measures to protect their financial and reputational standing. For large, multinational corporations, this might mean sophisticated fraud detection systems and detailed compliance programmes.
The Payments Association
DECEMBER 2, 2024
For instance, some platforms delisted certain stablecoins that did not comply with the new regulations, ensuring adherence to the EU’s legal framework. PSPs were required to enhance their fraud detection and prevention systems to mitigate potential losses.
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Innovative Payments Association
JULY 29, 2025
From identity verification to fraud detection and beyond, AI is driving innovation and efficiency in nearly every corner of financial services. Session 6: IPA Compliance Boot Camp Artificial intelligence (AI) is no longer a futuristic concept; it’s actively transforming the payments and fintech landscape.
The Payments Association
JUNE 16, 2025
While this is a clear improvement in redress efficiency, some institutions have expressed concern that the emphasis on speed may come at the expense of fraud detection rigour, particularly in borderline or high-value claims.
Stax
DECEMBER 9, 2024
Strengthen Fraud Prevention Measures Implement robust fraud detection and prevention systems to minimize the occurrence of fraudulent transactions. Use address verification, CVV checks, and fraud scoring models to identify potentially fraudulent orders.
The Payments Association
JULY 18, 2025
Legal issue/risk Next steps/action required Legal issue/risk: The FCA has the authority to take regulatory action, issue fines, or impose constraints on firms that breach impact tolerances or fail critical resilience testing. Legal issue/risk Next steps/action required Legal issue/risk: Failure to comply with SCT Inst obligations (e.g.
Finovate
JANUARY 24, 2025
Many FIs need to significantly upgrade their payment processing systems to handle real-time transactions, which also need to uphold fraud detection and AML/CTF rules in real time. Shabi: Complying with the MiCA framework is the first thing that comes to mind when cryptocurrency and the EU are mentioned in the same sentence.
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