Stax

MAY 5, 2025

To mitigate this, perform additional QA in controlled production settings, or use gateways that offer advanced testing tools and staging environments closer to live conditions. Although the exact procedure may differ according to the chosen provider, typically, businesses first need to set up a merchant account with a payment processor.

Payment Gateways

Fi911

DECEMBER 3, 2024

By setting a cap on the number of transactions a user can initiate within a specific period, velocity checks aid in reducing the incidence of fraud, thereby mitigating potential losses to merchants. How Do Velocity Checks Work?

Checks

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. This flexibility can also increase sales for eCommerce businesses, as cart abandonment rates can be high due to limited payment choices or complicated checkout procedures.

Accounts

Fintech News

JUNE 17, 2025

VASPs must adopt robust risk mitigation strategies and ensure their systems can communicate across borders to close these critical compliance gaps. Source: Sumsub If left unchecked, poor compliance procedures don’t just expose individual firms to regulatory and reputational risks.

Compliance

The Payments Association

JANUARY 3, 2025

We try to educate guests, but theres always pushback when standard procedure to protect our revenue is perceived as a hassle, she said. This view was widely supported, with participants pointing to examples of successful industry-level initiatives, such as fraud consortiums, which pool resources to identify and mitigate threats.

Fraud Detection

Stax

NOVEMBER 14, 2024

There are also risk holds—a routine procedure that most companies experience within the first few weeks of processing with a new merchant services account. Here are some ways to avoid chargebacks at your company, or at the very least, avoid excessive penalties from chargebacks: Follow proper credit card processing procedures.

Credit Cards

EBizCharge

MARCH 18, 2025

To mitigate these risks and secure financial data, pairing your Sage 100 with a secure payment gateway provider with robust security features is key. By regularly reviewing procedures, merchants can proactively address and mitigate potential issues early to protect against data breaches and maintain compliance with industry regulations.

Credit Cards

Trade Credit & Liquidity Management

JUNE 2, 2025

Risk Mitigation Tools: Maintain a toolkit of flexible solutions, such as milestone payments, escrow, collateral, guarantees, or credit insurance, to balance risk management with sales enablement. Look for ways to adapt procedures to support sales without compromising risk standards. Is this post helpful? Share 3.

Liquidity Management

The Payments Association

JULY 15, 2025

Modern fraud prevention extends beyond loss mitigation itself. This substantial prevalence highlights the critical importance of robust identity verification systems and ‘know your customer’ procedures in an increasingly digital financial landscape.

Financial Crimes

The Payments Association

JUNE 16, 2025

Retailers and service providers may favour synchronous models to mitigate payment disputes. Secure Elements offer partial mitigation, but are not infallible. Reconnection Protocols – When and How to Synchronise Compliance frameworks must define timeframes and procedures for reconciling offline transactions once a device reconnects.

Settlement

Finextra

JULY 21, 2025

Implementation Considerations and Risk Mitigation Regulatory Compliance in Modernized Environments Modernization efforts must maintain regulatory compliance throughout transformation phases. This requires careful planning around data residency, audit logging, access controls, and disaster recovery capabilities.

Payment APIs and Integration

FloQast

FEBRUARY 19, 2025

As a consultant in the risk mitigation and compliance space , I always strive to be my client’s advisor on their risk and compliance needs. They considered what standard operating procedures (SOPs) they could implement to ensure accountability and efficiency when executing their controls.

Advisors

Clearly Payments

NOVEMBER 18, 2024

Effective chargeback management mitigates these risks while protecting your bottom line and customer relationships. Operational Best Practices Standardized Procedures : Develop a chargeback handbook outlining workflows, templates, and escalation protocols.

PCI DSS

Fintech Finance

MARCH 3, 2025

Powered by GPT-4o and other large language models, Antom Copilot simplifies the traditionally complex payment integration process, delivering: 95% faster integration by leveraging chain of thought (CoT) reasoning, standard operating procedure (SOP) automation, language (LUI) and graphical (GUI) user interfaces, and AI-driven code generation.

Fraud Prevention

The Payments Association

JULY 18, 2025

Large organisations will face criminal liability if they fail to implement “reasonable procedures” to prevent fraud committed by employees, agents, subsidiaries or other associated persons where the intent was to benefit the organisation or its clients.

Regulations

The Payments Association

JANUARY 22, 2025

While digital identification is key to mitigating potential fraud and streamlining airport throughput, several barriers exist to successful implementation. Security does allow passengers to opt out of any biometric identification. Open banking can enable more significant insights for a better understanding and targeting of services.

Security

EBizCharge

MAY 22, 2025

6 common challenges in invoicing and billing Understanding various invoicing and billing challenges will allow your business to proactively mitigate these issues to maintain positive financial health and reputation. Many companies experience delays due to inefficient invoicing processes or lack of guidelines.

Process

Stax

FEBRUARY 19, 2025

How to mitigate this risk: Before committing to a provider, carefully review contract terms to ensure flexibility. Request documentation on their security policies, fraud prevention measures, and incident response procedures to minimize risks.

Payments

Trade Credit & Liquidity Management

JUNE 10, 2025

Using ongoing, real-time evaluations of customer creditworthiness, tailored collection strategies, and leveraging credit mitigation tools and techniques, you can position your company to meet its financial targets. This strategy has limitations, so get the advice of qualified Counsel in advance.

Disputes

Finextra

JULY 7, 2025

While reputable and regulated issuers mitigate this risk (e.g., Geographical and procedural barriers could be lower – for example, as an investor you might not care whether a stock is listed in New York or Tokyo; if it’s tokenised, you can buy it either way on a global platform.

Blockchain

Finextra

JULY 7, 2025

This includes: Bias Detection and Mitigation: AI models can perpetuate biases present in the training data. Silos allow for careful curation of data and the application of bias detection and mitigation techniques. Restricting access to AI models is a key mechanism for enforcing this control.

AI

VISTA InfoSec

JANUARY 18, 2024

These requirements’ main objective is to safeguard sensitive cardholder information and mitigate data breaches. Requirement and Testing Procedures Section 2.1: Requirement and Testing Procedures 2.2.1 Requirement and Testing Procedures 2.2.2 Requirement and Testing Procedures 2.2.3 PCI DSS v3.2.1 PCI DSS v4.0

PCI DSS

VISTA InfoSec

JUNE 19, 2024

Therefore, this article explores the common cyber threats in video communication and provides strategies to mitigate them. Define who can create and manage meetings and establish procedures for sharing meeting links and passwords to control access. Common Cyber Risks in Video Communication Video communication offers numerous benefits.

Risk

VISTA InfoSec

FEBRUARY 25, 2024

And painful account recovery procedures await all users who must reset passwords across potentially dozens of breached websites. Worse yet, there is irreparable reputation damage and loss of customer trust that destroys brands after high-profile incidents.

Data Breach

VISTA InfoSec

JUNE 26, 2024

For instance, you can look at the company’s history of data breaches and their responses, the robustness of the cybersecurity infrastructure, and the presence of comprehensive security policies and procedures. It ensures you invest in organizations capable of mitigating cyber threats to give you long-term gains.

Cybersecurity

VISTA InfoSec

MAY 24, 2024

It helps assess and mitigate security risks systematically by identifying vulnerabilities and implementing controls to address them before they materialize. Develop and document security policies and procedures tailored to business operations. Conduct PCI DSS training for all employees. of PCI DSS.

PCI DSS

VISTA InfoSec

OCTOBER 21, 2024

The SOC 2 (Service Organization Control 2) audit and attestation process is something that has been devised by the American Institute of Certified Public Accountants (AICPA) in order to ensure that organizations which provide services have secure procedures to govern data so as not to compromise the welfare of their clients.

Audit

VISTA InfoSec

AUGUST 5, 2024

The SOC 2 (Service Organization Control 2) audit and attestation process is something that has been devised by the American Institute of Certified Public Accountants (AICPA) in order to ensure that organizations which provide services have secure procedures to govern data so as not to compromise the welfare of their clients.

Audit

PYMNTS

SEPTEMBER 12, 2019

Facebook’s Libra project is bringing cryptocurrency into the spotlight, and others are reexamining their onboarding procedures. Now the company has enacted security and AML procedures, to the consternation of cryptocurrency advocates.

Procedures

Segpay

FEBRUARY 23, 2024

However, fraud mitigation in payment processing is a team sport. Implementing multi-factor authentication, secure login procedures, and other verification measures can collectively enhance the overall security of your business. The post Mitigating Fraud in Payment Processing appeared first on Segpay.

Mitigation

Fintech News

OCTOBER 15, 2024

Over the last three months, Sumsub’s technology has helped HashKey address onboarding delays by automating its verification procedures for its 600,000 registered users. Sumsub’s solutions also help mitigate identity fraud risks, which have been on the rise globally.

Verification

PYMNTS

SEPTEMBER 29, 2020

Blanco said the organization is looking at mitigating risks with virtual currencies. All of these questions go back to the policies and procedures in place to mitigate risk," he said, according to the remarks. The agency has seen 91,000 suspicious activity reports related to COVID-19 or the pandemic between Feb. 1 and Sept.

Fincen

Seon

JUNE 24, 2024

Identity theft presents significant challenges to businesses, making proactive risk mitigation essential for regulatory compliance, trust, asset protection, and operational integrity. 3 Technological Innovations to Mitigating Identity Risks In today’s digital-heavy era, addressing identity-related risks requires better technology.

Risk Management

Stax

JANUARY 8, 2024

Common risk management strategies for PayFacs include proper merchant vetting and onboarding, transaction monitoring and fraud prevention, chargeback mitigation, KYC/AML compliance, and data breach prevention. The potential impact of failed or inadequate internal systems, processes, procedures, etc.

Risk Management

VISTA InfoSec

JANUARY 9, 2024

Below, we present a meticulously curated list that highlights the transformations in requirements and test procedures from PCI DSS v3.2.1 Defined Approach Requirements and Testing Procedures 1.1.1 by reviewing documented procedures. by reviewing documented procedures. to PCI DSS v4.0: PCI DSS v3.2.1 PCI DSS v4.0

PCI DSS

Fintech Finance

OCTOBER 7, 2024

The Supplier Stability in Operational Resilience Report highlights that over 32% of the organisations surveyed are unclear about who is responsible for mitigating the risks of supplier failure, service deterioration, and concentration risk for Software as a Service (SaaS) solutions. While 70.1%

Risk

The Paypers

SEPTEMBER 10, 2024

AI-enabled global payments network and shopping assistant Klarna has been criticised by the Swedish Financial Supervisory Authority for not advancing its money laundering prevention procedures.

Money Laundering