Fintech News

FEBRUARY 15, 2024

The rise of real-time fraud detection According to these experts, 2024 will see the rise of real-time fraud detection, driven by advancements in AI and the escalating challenge of fraud. At the same time, the advent of real-time payments will prompt the need for real-time fraud detection and prevention.

Innovation 122

Innovation FinTech Cross-Border Payments Cross-Border 122

Fintech News

APRIL 24, 2025

billion analytics and fraud detection Acko Insurance 1.07 Its cloud-based platform supports over 140,000 merchants in 3,700 cities across India and Malaysia, with a strong focus on point-of-sale (PoS) transactions. Company Valuation ($) Segment PhonePe 12.6 billion UPI-based payment platform BillDesk 1.59

FinTech 138

FinTech Online and Mobile Banking Payment APIs and Integration Finance 138

Stax

MARCH 18, 2025

It links the merchants eCommerce store or point of sale (POS) system and the financial networks involved. It authorizes or declines payments based on available funds and fraud checks. 3D Secure (3DS) authentication and AI-powered fraud detection add extra security layers.

Process 88

Process Payment APIs and Integration Processors Online and Mobile Banking 88

Stax

MAY 13, 2025

These services enable you to process credit card payments online, in person, and on the go, and include everything from secure payment gateways to merchant accounts and point of sale (POS) systems. Green flag: Built-in fraud detection, real-time alerts, and hands-on support for resolving disputes.

Credit Cards 88

Credit Cards Payment APIs and Integration Processors Process 88

Fintech News

NOVEMBER 12, 2024

Visa Protect for Account-to-Account Payments is an artificial intelligence (AI)-driven fraud detection tool designed to reduce fraud in real-time, covering digital wallets and QR code payments. Click to Pay simplifies checkout, requiring only a registered email or phone number.

FinTech 109

FinTech Cross-Border Payments Cross-Border Payment APIs and Integration 109

Stax

JANUARY 21, 2025

Its a digital evolution of the conventional point-of-sale (POS) terminal. A physical POS terminal requires customers to insert, swipe, or tap their cards on the machine. A payment gateway is a tool that allows merchants to authenticate and receive payments from their customers electronically.

Payment Gateways 88

Payment Gateways Gateways PCI DSS Payment APIs and Integration 88

Clearly Payments

DECEMBER 2, 2024

This involves using a physical point-of-sale (POS) terminal to process card payments. How It Works The customer swipes, inserts, or taps their card on the POS device. Brick-and-Mortar Retail Stores: If you operate a physical store, a traditional point-of-sale (POS) system is often the most efficient choice.

Credit Cards 105

Credit Cards Payment Gateways Gateways Point-of-Sale (POS) 105

PYMNTS

OCTOBER 16, 2020

This means that QSRs can gain in-depth information about their business performances through real-time data platforms, which are constantly gathering data through their point-of-sale (POS) systems or other employee and guest connections. How AI Can Aid In Fraud Detection, Sales.

AI 109

AI Point-of-Sale (POS) Void Fraud Detection 109

PYMNTS

DECEMBER 17, 2020

More than one-third of consumers who buy groceries — 65 million individuals — would be willing to switch to grocers that offer touchless in-store payment technologies, such as digital wallets, QR codes, cards on file and point-of-sale (POS) credit options.

Point-of-Sale (POS) 132

Point-of-Sale (POS) Debit Card Fraud Detection Digital Payments 132

EBizCharge

MARCH 31, 2025

Point-of-sale (POS) system: A POS system is a combination of hardware and software (physical or virtual terminals) that businesses use to accept transactions, manage sales, and track inventory.

Service Provider 52

Service Provider MSPS Payment Gateways Gateways 52

PYMNTS

JULY 2, 2020

How FIs Adapt Fraud Detection During Times of Behavioral Upheaval. He also detailed how they are having to adjust again as business reopenings introduce new fraud threats and further changes what normal customer activity looks like. Find more about these and the rest of the latest headlines in the Tracker.

Debit Card 89

Debit Card Point-of-Sale (POS) Contactless Payments Issuers 89

PYMNTS

FEBRUARY 19, 2020

They seek to test every new payment type (across small and large merchants), as well as pinpoint weaknesses in firms’ fraud detection and mitigation programs. Drilling down a bit, within the institutionalization of fraud, certain types of commerce are finding favor among fraudsters.

ATM 67

ATM Point-of-Sale (POS) Fraud Detection Mitigation 67

EBizCharge

NOVEMBER 12, 2024

Whereas point-of-sale (POS) systems are ideal for brick-and-mortar stores, enabling swift in-person payments. Additionally, mobile payments allow businesses to accept payments via smartphones or tablets, offering flexibility for on-the-go transactions.

Accounts 52

Accounts Online and Mobile Banking MSPS Debit Card 52

FICO

NOVEMBER 10, 2020

As someone who has worked in fraud detection and mitigation for more than 30 years, I wanted to share some important facts on how banks and card issuers protect their customers from fraudulent transactions: with multiple defenses that are often invisible, and more importantly, often intentionally frictionless. Emphases added.).

Credit Cards 98

Credit Cards Consumer Card Issuer Issuers 98

Fintech Review

DECEMBER 3, 2024

Point-of-sale (POS) terminals became commonplace, allowing businesses to process payments seamlessly. However, the transition to card-based payments faced initial scepticism, with consumers concerned about fraud and misuse. AI-powered fraud detection systems analyse patterns to identify suspicious activity in real time.

Payment Solutions 97

Payment Solutions Payments Contactless Payments Online and Mobile Banking 97

Clearly Payments

JANUARY 10, 2024

This approach is commonly used by eCommerce platforms, point-of-sale (POS) systems, and other software that facilitates online or in-person payments. Security and Fraud Prevention: With the rise of digital transactions, ensuring the security of payment systems is paramount.

Processors 105

Processors ISOs Embedded Finance Payments 105

The Payments Association

OCTOBER 4, 2024

Card-not-present (CNP) transactions, where the physical card is not involved (as in e-commerce), are particularly susceptible to fraud. In response, payment providers must invest heavily in advanced fraud detection tools like machine learning and artificial intelligence to quickly detect and prevent fraudulent activity.

Cross-Border Payments 88

Cross-Border Payments Online and Mobile Banking Cross-Border Alternative Payment Methods 88

PYMNTS

FEBRUARY 10, 2017

Despite the growing usage of EMV chip card technology to help safeguard payment card data at the point of sale (POS), cybercriminals are turning to devices called “shimmers” to read card numbers and possibly access a card’s chip and obtain the PIN. Old Tools, New Tricks . to the same degree as other countries,” he noted. “A

Account Takeovers 56

Account Takeovers CHIPS Chip Cards Fraud Detection 56

Finovate

SEPTEMBER 20, 2024

Demand from consumers for financial services is already significant and continuing to grow, with point-of-sale (POS) digital payment volumes tripling to over $22 billion in the three years ending in 2023, with the number of POS terminals and bank cards in circulation doubling over the same time period. million in funding.

Innovation 122

Innovation FinTech Online and Mobile Banking On-Demand 122

Clearly Payments

FEBRUARY 14, 2024

Point-of-Sale (POS) Systems: POS systems manage sales transactions and accept various payment methods, playing a crucial role for merchants. The global POS systems market is projected to reach $152.39 trillion by 2027. However, they struggle with user acquisition and regulatory compliance.

Payments 104

Payments Value Added Service BNPL ISOs 104

Stax

MARCH 26, 2024

State-of-the-art security measures Through online terminal technology, businesses are equipped with cutting-edge security features, including robust encryption and fraud detection mechanisms. Use fraud detection tools and engage proactively with customers to address concerns early, preventing disputes from escalating into chargebacks.

PCI DSS 88

PCI DSS Encryption Payment Gateways Disputes 88

PYMNTS

SEPTEMBER 19, 2019

False positives can undermine fraud detection systems’ effectiveness, making it crucial that developers understand the importance of seamless, accurate data input processes. Fighting fraud requires several layers of protection to be effective in detecting criminals while approving trustworthy partners.

AI 51

AI EMV Point-of-Sale (POS) Online and Mobile Banking 51

Stax

APRIL 11, 2024

Robust security measures: Any PMS worth its salt needs to have standard security features like encryption, fraud detection and compliance with industry standards, including the PCI DSS. Helpful integration capabilities: You don’t want a PMS siloed from other technology.

Payments 88

Payments PCI DSS Compliance Processors 88

FICO

SEPTEMBER 14, 2021

What does that mean for fraud professionals? I first became aware of P2P point of sale (POS) options several months ago at — no judging, please — Panda Express, where I (very) occasionally stop for a fast-food fix. Let’s take a look. . Hello Panda. Broad Data Access Is Essential. Here, unfettered data ingestion is key.

P2P 52

P2P Venmo Online and Mobile Banking PayPal 52

PYMNTS

DECEMBER 15, 2017

Sweden’s iZettle initially began as a point-of-sale (POS) company, but the firm has added offerings to its suite, including invoice software and SMB financing. The company deploys machine learning technology for its fraud detection services used by companies large and small.

Finance 46

Finance Point-of-Sale (POS) Account Takeovers B2B 46

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. When connected to a website or a point of sale (POS) system, the gateway processes the credit card’s keyed-in or physically-captured information safely and securely.

Payment Gateways 88

Payment Gateways Gateways Payment APIs and Integration Online and Mobile Banking 88

Nanonets

FEBRUARY 21, 2024

Introduction Cash reconciliation remains a critical process in today’s retail environment, despite the shift from traditional cash registers to advanced point-of-sale (POS) systems. Fraud Detection : Enhancing the ability to spot inconsistencies that could indicate fraudulent activities or accounting discrepancies.

Reconciliation 52

Reconciliation Best Practices Point-of-Sale (POS) Automation 52

Clearly Payments

APRIL 3, 2024

Transaction Initiation Customer Payment: The process begins when a customer makes a payment using a credit/debit card or other payment methods at a merchant’s point of sale (POS) system or online checkout. Here’s a simplified overview of how it works: 1.

Process 59

Process Processors Online and Mobile Banking Payments 59

Payment Savvy

JULY 3, 2024

The cardholder swipes, dips, or taps their debit card at the merchant’s physical point of sale (POS) terminal. Once the card is swiped, tapped, or details entered, the merchant’s POS system or payment gateway captures the transaction details.

Debit Card 52

Debit Card Process PCI DSS Processors 52

Seon

JULY 27, 2023

Payment providers will need to be informed of retailers’ adoption of FedNow, as the former are the ones who will be responsible for the latter’s point of sale (POS) systems. How Will FedNow’s Instant Payments Impact Fraud Detection? Again, proactive, real-time, and automated fraud detection measures are crucial.

FedNow 40

FedNow Federal Reserve ISO 20022 Fraud Detection 40

Stax

MARCH 14, 2024

Most B2C transactions are performed at the point of sale (POS), whether it’s eCommerce or in-store checkout, which lends them to faster payment methods like mobile payments more often than B2B transactions. Business to consumer (B2C), by comparison, relies on speedy payment processing to transact on the spot.

B2B 88

B2B Process B2C Credit Cards 88

Clearly Payments

JULY 16, 2024

Chargeback Fraud: Also known as friendly fraud, this occurs when customers dispute legitimate charges to obtain refunds while keeping the purchased goods. Chargeback fraud increased by 23% in 2023, costing retailers $125 billion globally.

Risk 52

Risk Identity Theft Phishing Account Takeovers 52

FICO

APRIL 29, 2022

Will Zelle Join Apple Pay, GooglePay and Credit Cards at Point of Sale? For the options available at point of sale (POS), along with credit cards and a host of “-Pay” apps, consumers may soon have another choice on the check-out screen at US retailers: Zelle.

Retail Payments 52

Retail Payments Zelle Consumer Romance Scams 52

EBizCharge

MAY 20, 2024

When a customer initiates a credit card transaction, the gateway securely transmits the payment information from the point-of-sale (POS) terminal to the relevant parties, such as payment processors and banks, for authentication and approval. Payment processor: A NetSuite payment processor handles credit card payment details.

Process 52

Process PCI DSS Processors Payment APIs and Integration 52

Nanonets

OCTOBER 1, 2023

It charges 2.9% + 30c flat fees for transactions and currency conversion fees Square: Square is known for its user-friendly point-of-sale (POS) solutions, which include hardware like card readers and software for businesses. Stripe is known for its flexibility and scalability, making it suitable for businesses of all sizes.

Payment Service Provider (PSP) 52

Payment Service Provider (PSP) Service Provider Payments Payment APIs and Integration 52

Segpay

FEBRUARY 24, 2025

A Payment Gateway is the digital equivalent of a point-of-sale (POS) terminal in a physical store. May include fraud detection and tokenization services. In this blog, we’ll break down their differences, how they interact, and which might be the best fit for your type of business. What is a Payment Gateway?

Payment Gateways 45

Payment Gateways Processors Gateways Payment Service Provider (PSP) 45

EBizCharge

APRIL 25, 2024

A point of sale (POS) system is the backbone of in-person payments, consisting of hardware such as a cash register, touchscreen monitor, barcode scanner, receipt printer, and card reader. Many gateways also offer two-factor authentication and fraud detection systems, further enhancing the safety of online transactions.

Online and Mobile Banking 52

Online and Mobile Banking Debit Card Credit Cards Contactless Payments 52