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SNEAK PEAK: Unveiled: 2024 Key Financial Crime 360 findings

The Payments Association

The findings of the Financial Crime 360 survey, focusing on the challenges, prevalent fraud types, and strategic responses across various sectors. Continued investment in innovative fraud detection technologies and adaptive regulatory frameworks is essential to stay ahead of evolving financial crime threats. Why is it important?

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Navigating the rise of AI-enabled fraud

The Payments Association

This is evidenced by the fact that payment card fraud alone is projected to increase by over $10 billion between 2022 and 2028, according to the data. By analysing large datasets, AI can quickly recognise unusual behaviours and detect fraud in real time, significantly reducing the risk of fraudulent transactions.

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A Complete Guide to Securely Process Credit Cards in Sage 100

EBizCharge

Here are five ways you can ensure secure payments with Sage credit card processing: Maintain full PCI compliance: PCI Standards require merchants to follow strict security protocols, such as encrypting payment data, limiting access to sensitive information, and regularly monitoring for vulnerabilities.

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SNEAK PEEK: Unveiled: 2024 Key Financial Crime 360 findings

The Payments Association

The findings of the Financial Crime 360 survey, focusing on the challenges, prevalent fraud types, and strategic responses across various sectors. Continued investment in innovative fraud detection technologies and adaptive regulatory frameworks is essential to stay ahead of evolving financial crime threats. Why is it important?

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Security Awareness Training: What It Is, Its Importance & How to Implement It

Seon

Key Topics for a Security Awareness Program A security awareness program should focus on strong, up-to-date cybersecurity compliance, equipment, and measures and ensure a level-headed and well-informed workforce. Key topics include: Latest regulatory compliance updates : The most recent news about security authorities and their protocols.

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How to Stay Compliant with NACHA Requirements

EBizCharge

Return and correction procedures Following NACHA standards, financial institutions and other network participants must adhere to precise returns and error correction procedures to ensure seamless payments and regulatory compliance within the ACH network.

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Your Ultimate Guide to Secure Payment Processing Systems

EBizCharge

Authentication goes beyond basic passwords to provide multiple layers of identity verification, helping merchants prevent fraud and protect customer data. Address verification services (AVS) are fraud prevention tools payment processors use to verify that customer billing addresses match addresses on file with credit card issuers.

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