Mitigation On-Demand Procedures 
The Payments Association
FEBRUARY 10, 2025
The Economic Crime and Corporate Transparency Act 2023, specifically the “failure-to-prevent fraud” offence, and outlines how businesses can mitigate fraud risks. Compliance requires proactive fraud risk assessment, the implementation of preventive procedures, and a culture of accountability. Why is it important?
The Payments Association
FEBRUARY 10, 2025
Andrew Doukanaris Ambassador, The Payments Association While vIBANs have positive use cases, challenges exist in limited monitoring of the end user, alignment with the PSPs risk appetite, and the lack of a consistent framework to mitigate financial crime and regulatory risks. Why is it important?
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The Payments Association
JANUARY 3, 2025
MacKenzie highlighted this tension: Customers demand a zero-friction experience, especially in e-commerce and retail. We try to educate guests, but theres always pushback when standard procedure to protect our revenue is perceived as a hassle, she said. But the same customers expect us to safeguard their transactions from fraud.
EBizCharge
NOVEMBER 12, 2024
It’s important for these businesses to work with experienced MSPs who understand their unique needs to mitigate account closures and additional penalties. Merchant accounts act as intermediaries between businesses and payment networks, facilitating the secure transfer of funds from customers to your account. How do merchant accounts work?
The Payments Association
JUNE 16, 2025
Simultaneously, it would entail trade-offs in security, user experience, and operational design that demand careful scrutiny across the industry. Key policy questions remain unresolved, including liability, privacy, and consumer demand. Retailers and service providers may favour synchronous models to mitigate payment disputes.
Finextra
JULY 21, 2025
The Convergence of Modernization Drivers Regulatory Complexity and Compliance Burden Modern financial regulations demand system agility that legacy platforms cannot deliver. While modernization carries inherent risks in a heavily regulated environment, the cost of inaction has become demonstrably higher.
The Payments Association
JULY 18, 2025
Strategic modernisation through modular, API-first architecture enables a phased, agile response to compliance demands. Develop or update internal controls and prevention procedures in line with FCA/Home Office guidance. Culture and accountability must evolve, too, so that resilience is clearly embedded in key business functions.
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