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Faster Payments Council (FPC) , a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, have released the latest report from the FPC Fraud Work Group, sponsored by Nasdaq Verafin: International Practices in Mitigating Faster Payments Fraud. payments industrys approach to mitigating fraud.
As cybercriminals continue to evolve their tactics, businesses must prioritize strong cybersecurity measures to mitigate these risks. Monitoring and logging Constant monitoring and logging of payment systems are essential for detecting suspicious activities and mitigating data breaches. This is where the PCI DSS comes into play.
Australian digital payment provider Fat Zebra acquired SecurePay from the Australia Post. Photo by Luis Ruiz The post Finovate Global Canada: Mitigating Currency Volatility, Earning Banking Licenses, and More! Aspire subsidiary ASG2 secured a Capital Markets Services License (CMS) from the Monetary Authority of Singapore (MAS).
Regulated stablecoins like USDC act as a bridge between traditional fiat and digital currencies, offering a more stable medium that helps mitigate volatility and enable quick, traceable payments. By utilising USDC, Thunes aims to reduce capital costs and improve liquidity for its network participants.
As bad actors target vulnerabilities across multiple points of the client and vendor workflows, we will continue to invest in robust, data-driven solutions to help our customers mitigate global payments and identity risk with greater assurance.
The exercise, held on 6 November 2024, allowed participants to test their incident response plans, explore potential regulatory interventions, and develop collaborative mitigation strategies. This exercise comes at a time of heightened awareness surrounding the potential for widespread disruption from technology failures.
“We are committed to regulatory compliance and providing our clients with advanced solutions to mitigate the risks associated with online transactions. The post Finseta Enhances Payment Security with Launch of Confirmation of Payee Service Powered by tell.money appeared first on FF News | Fintech Finance.
Visa (NYSE: V) today announced it has completed its acquisition of Featurespace , a developer of real-time artificial intelligence (AI) payments protection technology that prevents and mitigates payments fraud and financial crime risks. The post Visa Completes Acquisition of Featurespace appeared first on FF News | Fintech Finance.
As we scale GenAI across our business, we remain committed to responsible AI adoption, guided by our responsible AI framework to mitigate potential biases and promote fairness. Featured image credit: edited from freepik The post Standard Chartered Deploys SC GPT GenAI Tool Across 41 Markets appeared first on Fintech Singapore.
Hexagate’s security solutions detect and mitigate real-time threats, including cyber exploits, hacks, and governance and financial risks to help chains, protocols, asset managers, and exchanges keep their funds secure. Photo by Bich Tran The post Chainalysis Acquires Web3 Security Company Hexagate appeared first on Finovate.
The addition of tokenised funds supports growing real-world adoption as institutions move beyond experimentation to streamline post-trade FX processes. The integration offers participants the flexibility to settle trades using fiat currency, tokenised commercial bank money, or assets with the credit characteristics of central bank money.
VASPs must adopt robust risk mitigation strategies and ensure their systems can communicate across borders to close these critical compliance gaps. VASPs must act decisively by adopting robust, interoperable risk mitigation frameworks that meet global standards and enable secure cross-border data exchange.
It also explores how emerging technologies such as SoftPOS can help mitigate these obstacles, enabling broader acceptance of QR code-based faster payments across industries. The post U.S. For more information on the FPC, its current work efforts or to join, visit FasterPaymentsCouncil.org.
The programme streamlines the process of identifying, reporting, and mitigating these threats, allowing Google to investigate and remove abusive accounts more efficiently. The pilot phase was launched with a select group of FS-ISAC member institutions. ” said Amanda Storey, Senior Director, Trust & Safety, Google.
CREST accreditation ensures that the testing is conducted by highly skilled professionals using proven methodologies, offering assurance of quality and reliability in identifying and mitigating vulnerabilities. Why should I choose a CREST-accredited provider? Will VISTA InfoSec’s pricing change due to the new accreditation?
Together with Elliptic, we can provide powerful tools to streamline compliance, mitigate risks, and stay ahead of emerging threats in the sector.” Featured image credit: Edited from Freepik The post Sumsub and Elliptic Join Forces to Fight Crypto Crime appeared first on Fintech Singapore.
“With decades of AI and machine learning expertise, ACI has unrivaled capabilities in delivering precise and actionable intelligence that can predict and mitigate emerging threats,” said Santhosh Rao, senior vice president of MEASA, ACI Worldwide.
Uncompromised Security and Trust: Integrating ABN AMROs financial infrastructure with Twos secure technology ensures reliable, risk-mitigated transactions. The post Nordic Fintech Two Collaborates With Leading Dutch Banking Leader ABN AMRO to Modernise B2B E-Commerce Payments appeared first on FF News | Fintech Finance.
Through regular Innovation Days, Armalytix continues to develop features like Large Items Insights, which helps identify and mitigate potential financial risks more effectively. The post Leading Fintech Armalytix Partners With Birchall Blackburn Law to Streamline Property Transactions appeared first on FF News | Fintech Finance.
In addition to mitigating fraud, Worldpay’s 3DS Flex will reduce customer friction, and boost authorisations, improving the customer’s shopping experience. For example, false positive declines of good faith purchases and additional steps in the checkout process present serious challenges to fraud mitigation strategies.
PayTic will support AFS’s internal operations and offer their suite of back-office automation modules to AFS’s existing clients and regional banks, streamlining the end-to-end daily operations, increasing productivity, mitigating risks, and adding greater value.
The Visa Scam Disruption (VSD) team employs a three-pronged approach to scam mitigation: scam intelligence, proactive investigations, and detection and disruption. Featured image credit: Edited from Freepik The post Visa Sets Up Scam Disruption Team, Blocking US$350 Million in Fraud appeared first on Fintech Singapore.
This mitigates the risks often associated with frontier markets. The post PayFuture Expands Into Pakistan, Enabling Global Brands to Enter the High-Growth Market appeared first on FF News | Fintech Finance.
Mollie’s research found that they spend an average of 15 days—or 120 hours—each year managing and mitigating fraud-related issues. The post Each UK SMB Lost £11,000 to Online Fraud in 2024 appeared first on FF News | Fintech Finance. In addition to the financial toll, online fraud is impacting the productivity of small businesses.
Such due diligence is of interest to you as an investor because cybersecurity affects the following: Regulatory Compliance Businesses with strong compliance records are safer investments, capable of mitigating risks and sustaining growth. It ensures you invest in organizations capable of mitigating cyber threats to give you long-term gains.
As financial institutions increasingly rely on digital infrastructure to enhance operations, customer experience, and security, they also face growing challenges in mitigating the risks that come with it, such as cyber threats, system failures, and other operational vulnerabilities.
This blog post summarises the EBA’s approach to the overlap between the MiCA and PSD2 regimes. However, its approach does impose significant burdens on firms and raises questions as to how services should be structured to mitigate the impact of dual authorisation and PSD2-derived regulatory requirements.
With 84% of financial institutions prioritizing multifactor authentication and 80% of non-FI respondents endorsing request for payment, these enhancements are expected to mitigate fraud risks and drive further adoption. Collaboration across the payments ecosystem will be pivotal to achieving ubiquity and resolving interoperability challenges.
When a good shopper is identified, AI optimizations allow them to speed through checkout whilst shoppers and retailers also benefit from precise payment fraud mitigation. The post Introducing Adyen Uplift: The Payment Solution Optimizing Every Transaction With AI appeared first on FF News | Fintech Finance.
Blue Monday, coined the most depressing day of the year has very real implications across the board with the post-holiday season leaving many with squeezed pay packets and budgets. And while Blue Monday might not be grounded in science there is a lot to be said for the change in behaviours and attitudes around this time of year.
It is part of the companys broader Financial Crime Mitigation (FCM) suite, which includes tools for KYC risk scoring, transaction monitoring, and payment fraud detection. Temenos argues that automating parts of the workflow can help shift resources toward more complex and high-risk cases.
Published June 30, 2025 By Tatiana Walk-Morris post share post print email license Visa credit cards are displayed on February 07, 2024 in San Anselmo, California. Visa and FIS are also providing the bank card issuers with stop payment services so cardholders and call centers can stop recurring payments to merchants, the release said.
This verification process, compliant with the Instant Payment Regulation, is crucial in mitigating fraud, preventing payment errors, and ensuring that funds are accurately directed to the intended recipients. The post The Evolution of Open Finance Through the Lens of CBI appeared first on The Fintech Times.
” The post Project Guardian: Interoperability From Tokenised Bank Liabilities Could Save Firms $50bn in FX Fees appeared first on The Fintech Times. Underpinned by shared ledger infrastructures, tokenised bank liabilities can enable 24/7, real-time settlement across borders and help optimise liquidity management in transaction banking.
E-commerce fraud mitigation : Offers an integrated solution designed to give issuers increased e-commerce transaction approval rates and help eliminate the financial liability of chargebacks due to fraudulent purchases. To learn more about these solutions, please contact FIS Sales at www.fisglobal.com/contact-us.
Fraud mitigation isn’t just an on or off switch; rather, it’s a balance that requires merchants to understand how security, authentication, authorization, fraud detection and the impact on the shopping experience work in harmony with one another,” said Cindy Turner, chief product officer at Worldpay.
Through this partnership, SK Slavia Praha will be able to apply Corpay Cross Border’s innovative solutions to help mitigate the foreign exchange exposure of their daily business needs. The post Corpay Cross-Border Named Official Currency Partner of SK Slavia Praha appeared first on FF News | Fintech Finance.
Fraud Prevention and Cybersecurity: Developing robust strategies to mitigate risks in a rapidly digitalising world. The post PAY360 2025: Shaping the Future of Payments appeared first on FF News | Fintech Finance. Open Banking and Embedded Finance: Learning how these trends are reshaping financial services and consumer experiences.
Now, more than ever, it is essential for banks and financial institutions to implement proactive measures to mitigate these challenges and uphold customer trust during peak transaction periods. The combined rise in fraud and the general increase in card usage are contributing to the surge in reported cardholder issues.
Implement Secure Payment Solutions : Adopt fraud prevention tools like CVV verification, address verification service (AVS), and 3D Secure to mitigate the risk of unauthorized transactions. The post What is a Chargeback Rate? appeared first on fi911blog.
The implementation of the Digital Operations Resilience Act (DORA) in January 2025 and the upcoming Payment Services Directive 3 (PSD3) will introduce stricter security and compliance measures, requiring acquirers to modernise their systems to mitigate fraud risks.
Their expertise in mitigating bank rejections and commitment to improving acceptance rates have allowed us to provide our customers with a frictionless, reliable payment experience. The post Unlimit Partners With Doto to Enhance Merchant’s Payment Processing Capabilities in Mexico appeared first on The Fintech Times.
Its payment orchestration platform, Payment Air Controller (PACO), addresses challenges unique to the airline industry, including managing currency conversion fees, optimizing transaction costs, synchronizing booking channels, mitigating fraud risks, and accommodating diverse payment preferences.
With enhanced observability, users can achieve more precise performance tracking, improving their ability to mitigate risks and adapt to market changes. The post New Volante Technologies Launch Helps Banks Optimise Operational Efficiency and Track Performance appeared first on The Fintech Times.
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