EBizCharge

JANUARY 14, 2025

Effective fraud prevention boosts customer trust and loyalty. Here are seven factors to consider when choosing your payment gateway: Security features: Payment security is essential to protect your internal business infrastructure and sensitive customer payment data.

Payment Gateways

The Fintech Times

OCTOBER 31, 2024

Additional partnerships iDenfy, a Lithuania-based ID verification fraud prevention regulatory company, has partnered with O2Factoring, a Dutch-based financial service provider specializing in factoring solutions.

FinTech

Evolve Payment

JULY 15, 2025

The risk is heightened with large transactions, where careful verification of each bill may be overlooked. Logistical Challenges Avoiding operational and regulatory pitfalls of cash payments. Transportation: Moving substantial amounts of cash requires armored vehicles and security personnel, adding substantial operational costs.

Cash Management

EBizCharge

JUNE 12, 2025

Fragmented payment systems: Unaligned payment systems may force businesses to juggle multiple platforms, providers, and processes to accept and reconcile payments. This lack of cohesion can lead to operational inefficiencies and errors and make it harder to scale or adapt to changing customer preferences.

Process

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.

Credit Cards

Finovate

MARCH 26, 2025

This week’s EO stipulates the move to “fast, electronic payments,” which will change the expectations of even underbanked and elderly populations that rely on government monetary benefits. The move will ultimately bring stricter standards to government payments and will help foster consumer trust.

Fraud Prevention

EBizCharge

MARCH 3, 2025

Another crucial component of integrating credit card and ACH/eCheck payments into Acumatica is its compliance with industry security standards. Payment security and compliance in Acumatica Security and compliance are vital for any payment software, especially regarding processing credit cards and ACH/eChecks in Acumatica.

Credit Cards

Fintech News

JUNE 10, 2024

Eastnets, a global compliance and payment solutions provider, has entered a strategic partnership with iPiD , a beneficiary name and bank account verification service. This collaboration aims to enhance payment security and efficiency for banks, corporations, and financial institutions on a global scale.

Fraud Prevention

The Fintech Times

FEBRUARY 22, 2024

“As real-time connectivity increases transaction volumes, this provides more avenues for fraudsters, and traditional reactive approaches to fraud prevention are no longer sufficient. ” The post What Impact Is AI Going to Have on Cross Border Payments Security? appeared first on The Fintech Times.

Cross-Border Payments

Fintech News

JANUARY 7, 2024

Wallex, an FX and payments specialist for B2B companies transacting in Asia, and International Payments Identity (iPiD) have announced a strategic partnership. The post Wallex Partners iPiD to Protect Businesses from Payment Fraud appeared first on Fintech Singapore.

Cross-Border Payments

The Payments Association

DECEMBER 11, 2024

Digital payments demand advanced fraud prevention, blending AI and human intelligence to counter evolving threats while ensuring seamless user experiences. Emerging trends and challenges Matt DeLauro, CRO, SEON The proliferation of diverse payment methods introduces unprecedented complexity to fraud prevention.

Fraud Prevention

Fintech News

SEPTEMBER 16, 2024

This acquisition complements Mastercard’s services in identity verification, fraud prevention, and cybersecurity, offering enhanced protection for merchants and financial institutions.

Visa

Fintech Finance

APRIL 4, 2024

iPiD , a leading payment validation solutions provider, today announced the publication of a pivotal whitepaper, “Verification of Payee: The Race to Compliance,” authored by CEO Damien Dugauquier. The paper is now available on the iPiD website at www.ipid.tech/verification-of-payee-the-race-to-compliance.

Payee

Stax

DECEMBER 20, 2023

For instance, you should reduce the amount of prompts that an employee or customer might have to click through in order to actually proceed with payment. Use Address Verification Services (AVS) AVS is a fraud prevention measure for online and card-not-present transactions.

Credit Cards

Fintech Finance

MAY 9, 2024

Wink Pay , a newly-launched digital payments brand in Lebanon, has collaborated with Visa , the world leader in digital payments, and Codebase Technologies to introduce the country’s first fully-digital onboarding and instant card issuance proposition for Visa prepaid virtual cards.

Payment APIs and Integration

PYMNTS

OCTOBER 20, 2016

3D Secure 2.0 ’s Built around the increasing popularity of mobile commerce, 3D Secure 2.0 is predicated on risk-based authentication, leveraging data points for accurate verification, while optimizing the consumer experience. Vice President, Product Management, Payment Security at CA Technologies. James Rendell.

Card Issuer

Clearly Payments

OCTOBER 22, 2024

Verification : The encrypted PIN is sent to the card issuer’s system, where it is matched against the cardholder’s stored PIN. If the PIN is incorrect, the system will decline the payment. Transaction Approval : Upon successful verification, the card issuer approves the transaction, and the payment is processed.

Debit Card

Fintech Finance

JUNE 5, 2024

This funding will accelerate iPiD’s efforts to enhance payment security globally, with a focus on strategic markets like Europe and Asia. Founded in 2021 by a team of former Swift executives, iPiD provides cutting-edge payee verification and identification solutions. Confirmation of Payee in the UK is a case in point.

Payee

PYMNTS

JANUARY 27, 2020

Payment service providers (PSPs) must carefully attend to their know your customer (KYC) and know your customer’s customer (KYCC) checks, anti-money laundering (AML) strategies and other fraud prevention approaches. Identity Verification and Confirmation .

AML

Seon

JULY 10, 2024

Fraud transaction monitoring’s scope is narrow. These types of monitoring contribute to a robust fraud prevention strategy, with fraud monitoring providing a more comprehensive defense mechanism across the entire customer journey and fraud transaction monitoring offering targeted protection for transactions.

Transactions

Payment Savvy

JANUARY 26, 2022

While some security solutions may come with a price, choosing not to upgrade your high-risk merchant account puts your company’s online financial security at risk. Must-Have Security Features. Many of these tools are completely free; all you have to do is figure out what they entail. AVS Response.

Risk

PYMNTS

DECEMBER 26, 2018

We are in a world where you need to accelerate the sophistication of your identity verification methods to address these new challenges. We align with the needs of the payments industry by providing input of the highest caliber to machine-learning models and the data scientists running them.

Verification

PYMNTS

FEBRUARY 11, 2020

The future of eCommerce, and fraud prevention, is flipping the script from just stopping bad transactions to enabling personalized customer experiences. That is why legacy fraud prevention tools are becoming less and less efficient and effective.”.

Fraud Prevention

PYMNTS

OCTOBER 19, 2018

With an eye on fraud prevention, banks in the United Kingdom are slated to debut name checks to accompany bank transfers. payment authority. The directive comes from Pay.UK , the U.K. As noted by Financial Times and other sources, the movement, which is one known as “confirmation of payee,” will take effect in 2019.

Checks

Stax

AUGUST 20, 2024

This has led to an increased need for security measures to protect both merchants and customers. One solution to counter this problem is 3D Secure Authentication. 3D Secure is a fraud prevention solution with an added layer of security that helps protect buyers and merchants from fraudulent online transactions.

Authentication

PYMNTS

FEBRUARY 13, 2020

For a great example of an attempt at security that does much more to annoy legitimate consumers than to actually fend off fraudsters, look no further than CAPTCHA.

Authentication

PYMNTS

JANUARY 20, 2017

But in the case of financial services, those mishaps by an employee can have dire consequences when it comes to security and fraud prevention. However, Buzzard pointed out that there are many occasions in the fraud prevention world where a little common sense goes a long way. Humans make mistakes.

Credit Union

Tearsheet

FEBRUARY 1, 2024

On the bright side, when it comes to payment security, consumers are comfortable with ensuring that the right protection measures are in place when making payments. This means they don’t worry about identity verification taking longer or involving more steps.

Cross-Border

Stax

DECEMBER 27, 2023

How Merchant Accounts Work The process of transaction handling When a customer makes a payment, their payment information is securely transmitted from the checkout to the payment processor for verification.

Accounts

PYMNTS

JANUARY 28, 2019

Those ancient lessons apply to everything from politics to culture to economics — and now, they are playing out in the world of payments and commerce, as digital ID and authentication are becoming increasingly important to the ongoing growth and success of daily digital life.

Consumer

PYMNTS

APRIL 30, 2019

PSD2 will change – indeed is changing – online commerce in Europe and beyond. In a podcast with PYMNTS’ Karen Webster, Rob Eleveld, CEO of Whitepages, took note of how PSD2 and its strong customer identification (SCA) guidelines (which take effect in September) will shift checkout flows for transactions in Europe.

Authentication

Fintech News

MARCH 10, 2024

Remember, user trust is a fragile asset, and only solid commitment to data security can safeguard it. Tailoring tokenisation methods to the unique characteristics of Indonesian financial apps ensures a secure and seamless payment experience for users.

Digital Payments

PYMNTS

DECEMBER 3, 2018

Banks have invested billions in systems to detect and prevent fraud using stolen credentials, and to secure their networks from the hacks that could expose them. They continue to invest further in “true AI” tech and biometrics to further strengthen digital identity verification and authentication.

Breach

EBizCharge

MAY 12, 2025

Authentication mechanisms Authentication mechanisms are essential components of a secure payment processing system, ensuring each transaction is authorized by a legitimate user. Authentication goes beyond basic passwords to provide multiple layers of identity verification, helping merchants prevent fraud and protect customer data.

Process

EBizCharge

JANUARY 27, 2025

Modern shoppers demand more choices when it comes to how they pay, and businesses that offer diverse payment options not only enhance customer satisfaction but also capture more sales opportunities. Fraud prevention Expanding payment options may also increase the risk of fraud, making robust security measures essential.

Best Practices