The Fintech Times

APRIL 2, 2025

Proactive intervention, not reactive measures: More stringent verification processes across all Meta platforms for advertisers and content creators, robust AI-driven monitoring, and seamless collaboration with financial institutions and law enforcement. In 2024 alone, Revolut prevented over 600million in potential fraud against its customers.

Scams 59

Scams Consumer Financial Crimes Encryption 59

The Payments Association

FEBRUARY 10, 2025

AI can enhance transaction monitoring, while stronger KYC processes and staff training will help manage risks and maintain compliance. To navigate diverse vIBAN regulations, PSPs should establish a global compliance framework adaptable to local laws.

IBAN 88

IBAN AML Master Account Due Diligence 88

FICO

FEBRUARY 19, 2020

The ability to move money through multiple accounts quickly, makes it difficult for law enforcement to track criminal proceeds. Increasing the limit to $100,000 makes related financial crime even more attractive to criminals and also means that people could lose life-changing sums if they become a victim of fraud.

Real Time Payments 92

Real Time Payments Financial Crimes Crime Account Takeovers 92

Stax

AUGUST 22, 2024

Regulatory compliance risk To maintain the integrity of financial transactions and to protect cardholder data, any company dealing with payments must strictly adhere to laws and regulations. To reduce your risk exposure, set volume and transaction limits to cap the amount of losses your business can undertake.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

PYMNTS

MARCH 1, 2019

For instance, prior to a law passed by Congress in the mid-1970s, companies could mail consumers activated credit cards without their consent. Other industry recommendations include tightening authentication methods and transaction monitoring, as well as studying incoming and outgoing payments to detect unusual activities.

Faster Payments 53

Faster Payments Real Time Payments Security Message Standards 53

FICO

NOVEMBER 7, 2022

For the P2P app Zelle specifically, banks recently stated that the vast majority of transactions “had no associated reports of fraud or scams” and that other P2P apps have 3-6x more disputed transactions in comparison. The law today holds that consumers are not liable for “unauthorized” electronic funds transfers.

Scams 52

Scams Authorization P2P Consumer Financial Protection Bureau (CFPB) 52

Stax

MAY 2, 2024

Not regulated like traditional business loans Traditional loans are seen as commercial transactions, so they’re regulated under federal laws. The lender might deny your MCA application simply because you don’t meet the minimum number of credit card transactions. On the other hand, MCAs aren’t subject to federal regulations.

Credit Cards 88

Credit Cards Small Business Finance Accounts 88