PYMNTS

SEPTEMBER 21, 2020

And in one recent edition of PYMNTS’ KYC/AML Tracker details, the rise of open banking is likely to spur a “fast track” for new AML efforts, including multifactor authentication (MFA) and strong customer authentication (SCA) processes. Risk factors include monitoring the volume/nature of the transactions and government responsibilities.

Fincen 139

Fincen AML Suspicious Activity Report (SAR) SARS 139

PYMNTS

JUNE 3, 2020

EMQ partnered with Bank Indonesia to develop the solution and is targeting businesses with particularly high cross-border transaction volumes. Global financial settlement network EMQ recently unveiled a new solution to help ease these payments by leveraging bank APIs to connect with payment service providers. About The Tracker.

Real Time Payments 75

Real Time Payments API B2B MFA 75

Segpay

DECEMBER 13, 2024

As organizations increasingly handle large volumes of data, they face the challenge of balancing robust identity management with data privacy regulations. Traditionally, organizations have employed a range of methods for identity verification, from passwords to multi-factor authentication (MFA) and, increasingly, biometric solutions.

Privacy 105

Privacy Compliance CCPA Authentication 105

The Payments Association

OCTOBER 22, 2024

According to the Payment Systems Regulator (PSR) , the volume of APP fraud cases rose by 12% last year. AI-based fraud scoring, geo-location monitoring, and implementing multi-factor authentication (MFA) can further enhance real-time fraud detection and prevention.

Rules 88

Rules Fraud Prevention Caps Deepfake 88

PYMNTS

FEBRUARY 18, 2020

Requiring multifactor authentication (MFA) could add frictions to companies’ payment systems and customer experiences, but such tools are necessary to enable smart authentication and compliance decisions. FIs and PSPs in Europe are particularly interested in robust fraud-busting technologies for SCA compliance, which is mandated under PSD2.

Authentication 52

Authentication Identity Theft Multifactor Authentication Fraud Prevention 52

PYMNTS

APRIL 17, 2020

Especially pricey payments — from large-volume shipments to miniscule amounts of costly saffron — tend to be made through wire transfers. The payments portal login is also safeguarded with multi-factor authentication (MFA). This is an accountability best practice,” Mayer said.

Accounts 60

Accounts Security Wire Transfer MFA 60

EBizCharge

MARCH 12, 2024

For example, credit and debit card transaction fees can vary by provider and transaction volumes. Merchants should also apply data encryption, tokenization, and multi-factor authentication (MFA) to ensure only authorized users can access payment portals. Whereas ACH payments typically accrue lower transaction fees.

Credit Cards 52

Credit Cards ACH PCI DSS Payment Gateways 52

EBizCharge

AUGUST 8, 2024

Security: Salesforce adheres to stringent security protocols, such as PCI compliance, multi-factor authentication (MFA), and advanced data encryption, to safeguard payment data. ACH payments process large volumes of credit and debit transactions in batches. Scalability: As a business grows, its payment processing needs evolve as well.

Processors 52

Processors Payment Gateways Fraud Detection Encryption 52

Stax

SEPTEMBER 17, 2024

This includes the use of unique IDs and strong passwords or multi-factor authentication (MFA) methods. Determine the level of PCI compliance that applies to your business based on your transaction volume and payment processing methods. The SAQ is a series of questions that help you evaluate your compliance with PCI DSS requirements.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

EBizCharge

JULY 16, 2024

As transaction volumes or the complexity of the ACH services increase, institutions or service providers must enhance their fraud detection and prevention mechanisms. Advanced stages include multi-factor authentication (MFA) , encryption techniques, and continuous staff training. How are ACH transaction fees determined?

NACHA 52

NACHA Nacha Rules ACH Network ACH 52

Basis Theory

OCTOBER 1, 2024

Today, more merchants are becoming PCI DSS compliant despite not having the prerequisite volume to necessitate it. PCI Levels vary by card brand but are generally determined by an organization’s current or projected annual card transaction volume. Another precaution worth highlighting is the use of multi-factor authentication (MFA).

PCI DSS 88

PCI DSS Compliance Encryption Assessments 88

Nanonets

SEPTEMBER 25, 2024

of Americans held transaction accounts , generating an unprecedented volume of financial data. AI in bank statement processing  Artificial Intelligence (AI) has transformed bank statement processing, making it faster, more accurate, and capable of handling large data volumes. In 2022, a staggering 98.6%

Process 52

Process AI Best Practices Reconciliation 52

EBizCharge

MARCH 21, 2025

Faster data processing The ability to process large volumes of financial data at exceptional speeds is another area where AI excels. AI solutions are designed to adapt to a companys growth, handling increasing transaction volumes and evolving regulatory requirements without disrupting operations.

AI 52

AI Accounts Fraud Detection Audit 52

EBizCharge

FEBRUARY 13, 2025

Trustworthy providers will also secure your payment processing system with multi-factor authentication (MFA) or two-factor authentication (2FA), real-time authentication monitoring, 3D Secure, and more. Scalability A payment processor that can support scalability in customer payment volumes will enable more growth for your company.

Processors 52

Processors Payment Gateways Duplicate Disputes 52