Fintech News

JANUARY 24, 2024

The Money-Changing License will enable businesses to conduct money-changing services; the Standard Payment Institution License allows them to conduct multiple payment services below specified thresholds, and the Major Payment Institution License allows businesses to conduct multiple payment services without any transaction volume or float limits.

Service Provider 98

Service Provider Cryptocurrency Payments Institute Blockchain 98

VISTA InfoSec

MAY 24, 2024

Understanding PCI DSS Developed by the Payment Card Industry Security Standards Council (PCI SSC), it is mandatory for all businesses to be PCI compliant to protect cardholders, companies, the Merchants and Service Providers they do business with from data breaches, fraud, and unauthorized access. of PCI DSS. of PCI DSS. of PCI DSS.

PCI DSS 243

PCI DSS Small Business Assessments Compliance 243

Fintech News

NOVEMBER 27, 2024

By integrating its analytics, we can continue to push the boundaries in fighting against financial crime, with the largest global ecosystem of virtual asset service providers (VASPs). Together with Elliptic, we can provide powerful tools to streamline compliance, mitigate risks, and stay ahead of emerging threats in the sector.”

Crime 113

Crime Financial Crimes Travel Rule Blockchain 113

Fintech Finance

DECEMBER 4, 2024

Commissioned by Mollie , one of Europe’s fastest-growing financial service providers, the study found that over half (54%) of UK SMBs were the victims of online fraud in 2024. Mollie’s research found that they spend an average of 15 days—or 120 hours—each year managing and mitigating fraud-related issues.

Account Takeovers 104

Account Takeovers Small Business Phishing Scams 104

The Payments Association

MAY 16, 2025

Traditionally, payment orchestration platforms were designed to serve a straightforward function: routing transactions between merchants and various payment service providers (PSPs). These tokens are useless if intercepted, significantly mitigating the risk of data breaches.

Transactions 88

Transactions PCI DSS Payments Multi-Currency 88

Fintech News

JANUARY 22, 2025

Antom , a leading merchant payment and digitisation services provider under Ant International, is tackling this complexity head-on. Merchants must cater to diverse consumer preferences, including local digital wallets like DANA, Touch n Go eWallet, and TrueMoney, while navigating currency, tax, and regulatory complexities.

Payment APIs and Integration 117

Payment APIs and Integration eWallet SARS Privacy 117

VISTA InfoSec

OCTOBER 7, 2024

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.

Compliance 130

Compliance Third-Party Service Provider Risk Assessment Audit 130

The Payments Association

FEBRUARY 10, 2025

Payment Service Providers must strengthen due diligence, monitoring, and collaboration with regulators to address these risks. Including structured data would help PSPs monitor and mitigate financial crime risks. Why is it important? What’s next? Common standards would bring consistency and confidence.

IBAN 88

IBAN AML Master Account Due Diligence 88

The Fintech Times

OCTOBER 31, 2024

It requires that all payment service providers within the bloc offer 24/7 instant payments starting January 2025. In addition, account name and IBAN account number checks will be mandatory from October 2025 for Eurozone payment service providers.

Mitigation 59

Mitigation Risk Global Payments Deepfake 59

Fintech News

APRIL 28, 2024

It will be prominently displayed on the service providers’ websites and other communication channels. Experian has been instrumental in working closely with the BNPL service providers to facilitate the credit sharing process and ensuring the successful implementation of the private credit bureau.

BNPL 109

BNPL Compliance Accreditation Consumer Protection 109

Fintech Finance

SEPTEMBER 24, 2024

The collaboration aims to share best practices in the Open Finance and Verification of Payee landscape, with the final goal of enhancing payment service providers’ value-added offerings and overall financial market efficiency.

Payee 98

Payee Verification IBAN Cross-Border 98

The Fintech Times

MARCH 3, 2025

While financial apps have become central to personal finance management in the UK, almost one in four Brits believe that these apps are ‘in need of improvement’ in some way, mobile app service provider Apadmi has revealed.

Addressing 59

Addressing Finance Non-Bank Mitigation 59

Fintech News

MAY 29, 2024

This report outlines mitigation measures for government agencies, financial institutions, and Designated Non-Financial Businesses and Professionals (DNFBPs) to address these risks. Singapore’s law enforcement and supervisory agencies will remain vigilant and implement appropriate measures to mitigate these risks.

Money Laundering 113

Money Laundering Crime Risk Law Enforcement 113

The Fintech Times

DECEMBER 6, 2024

Smaller businesses are finding themselves in murky waters as a new study from Mollie , the European financial service provider, reveals small and medium-sized enterprises (SMEs) are unprepared for cyberattacks amid a rise in fraud. The research found that 5.5 million SMEs lost 10,800 this year as a result of fraud.

Account Takeovers 80

Account Takeovers Phishing Small Business Cybersecurity 80

M2P Fintech

APRIL 10, 2025

Supported by robust mutual fund collateral, LAMF enables financial institutions to extend lower interest rates to borrowers while significantly mitigating their own risk exposure. Provides real-time LTV ratio calculations and proactive shortfall alerts to maintain sufficient collateral coverage, mitigating risks from market volatility.

Mitigation 52

Mitigation Regulatory Compliance Compliance Automation 52

Neopay

APRIL 8, 2024

However, exemptions exist for businesses, regardless of size, that must make timely payments to suppliers, subject to agreement with their payment service provider. How does it benefit payment service providers? The post Extra time for payment service providers to investigate fraud appeared first on Neopay.

Service Provider 52

Service Provider Due Diligence Fraud Prevention Payments 52

Fintech News

MARCH 21, 2024

SEON’s multi-layered fraud prevention solution employs machine learning and artificial intelligence to safeguard PayLabo users with transaction monitoring, device fingerprinting, and comprehensive assessments to mitigate unauthorised use. The PayLabo platform has been able to offer this to its users since its launch.

Payment Service Provider (PSP) 113

Payment Service Provider (PSP) Fraud Prevention Cybersecurity Mitigation 113

Fintech News

DECEMBER 22, 2024

Singapore Deepens in Tokenisation Efforts In April, MAS expanded the scope of regulated payment services, introducing requirements relating to anti-money laundering and countering the financing of terrorism, user protection and financial stability on digital payment token service providers.

FinTech 113

FinTech Cross-Border Payments Cross-Border Money Laundering 113

Stax

MARCH 11, 2025

This article will show all you need to know about online credit card processing and how you can select the best payment services provider for your needs. You will receive your payment in full, while the customer will repay the loan in interest-free installments (but there are associated fees) to the credit provider.

Online Payment Processing 88

Online Payment Processing Process Payment Gateways Online and Mobile Banking 88

Neopay

JANUARY 25, 2024

The European Banking Authority (EBA) on 16th January extended its Guidelines on money laundering (ML) and terrorist financing (TF) risk factors to crypto-asset service providers (CASPs). Therefore, it is important that CASPs know about these risks and put in place measures that effectively mitigate them.

Service Provider 52

Service Provider Risk Due Diligence Money Laundering 52

The Fintech Times

JANUARY 2, 2025

PXP Financial , a global acquiring, payment, fraud and data analysis service provider, has joined forces with financial dispute management solution provider DisputeHelp, to launch two new Visa solutions to combat first-party fraud and reduce chargeback for merchants.

Fraud Prevention 59

Fraud Prevention Disputes Issuers Card Issuer 59

Fintech Finance

SEPTEMBER 26, 2024

Visa (NYSE: V) today announced it has signed a definitive agreement to acquire Featurespace , a developer of real-time artificial intelligence (AI) payments protection technology that prevents and mitigates payments fraud and financial crime risks.

Acquirers 98

Acquirers Financial Crimes Fraud Detection Crime 98

Fintech Finance

SEPTEMBER 26, 2024

Justt , a leader in AI-powered chargeback mitigation, today announced a strategic partnership with Ravelin , a global provider of AI-native fraud detection and prevention solutions. According to the Ravelin Fraud and Payments Survey 2024 , 52.4%

Fraud Prevention 98

Fraud Prevention Fraud Detection AI Disputes 98

NFCW

JANUARY 10, 2024

.” Car IQ Pay provides “an easier way to pay for fuel, by connecting the vehicle directly to the pump, eliminating the need for drivers to use a credit card, PIN number, or vehicle odometer reading,” the company explains.

Credit Cards 113

Credit Cards Disputes Reconciliation Mitigation 113

Finovate

JANUARY 17, 2025

“We see substantial opportunity to introduce global products like trended and alternative credit data, fraud mitigation solutions, and consumer engagement tools. We also plan to expand beyond traditional financial services into adjacencies such as FinTech and insurance.”

Cross-Border 64

Cross-Border Cross-Border Payments Payments Acquirers 64

Fintech News

MARCH 6, 2024

This framework benefits not only service providers but also end users by promoting wider accessibility and faster implementation of security solutions. We’re confident that together, we can help mitigate fraud in real-time, and safeguard Singapore and Singaporeans from further attacks.”

Scams 109

Scams API Mitigation Phishing 109

Fintech News

JULY 1, 2024

The evolving global terrorism landscape necessitates regular updates to Singapore’s risk assessments and counter-terrorism strategies given its status as a global financial and business hub Singapore employs a comprehensive, government-wide approach to identify, monitor, and mitigate terrorism financing risks.

Risk Assessment 117

Risk Assessment Assessments Risk Finance 117

PYMNTS

AUGUST 13, 2020

There is an array of benefits to wielding multiple cloud service providers, he said. It mitigates against the risk of a loss of service or vendor lock-in because if one service goes down, others are likely still running. Choosing the right third-party service providers can be tactical.

Third-Party Service Provider 133

Third-Party Service Provider Payments Service Provider Volume 133

The Fintech Times

FEBRUARY 3, 2025

During the last quarter of 2024, Payments Canada also made significant progress in developing an integrated fraud solution having agreed on a fraud strategy with members and participants and on high-level requirements for an effective fraud mitigation system. “Our last quarterly update was in October.

Real Time Payments 64

Real Time Payments Credit Union Settlement Payments 64

PYMNTS

NOVEMBER 19, 2020

Unlike paper checks, our virtual card service provides more transparent, precise payment timing to help optimize working capital, and added controls like single-use numbers help further mitigate the risk of fraud.”.

Payments Tools 124

Payments Tools Commercial Card Payments Digital Payments 124

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. Open banking can enable more significant insights for a better understanding and targeting of services. Security does allow passengers to opt out of any biometric identification.

Security 88

Security Online and Mobile Banking Credential Verification 88

Fintech News

APRIL 2, 2024

DPT service providers must employ a prudent valuation methodology that involves a mandatory application of at least a 50% haircut to the market value of the digital payment tokens and capping the valuation of these holdings at the lesser of the post-haircut value or S$200,000.

Rules 117

Rules Accreditation Money Laundering Caps 117

The Fintech Times

MAY 27, 2025

This disciplined yield structure is supported by a diversified asset allocation, institutional-grade infrastructure, and partnerships with multiple leading tokenisation service providers, including Superstate (via their tokenised treasury fund USTB). BGUSD is redeemable for USDC at a 1:1 ratio and can be subscribed using USDC or USDT.

Treasury 45

Treasury Returns Mitigation Adjustments 45

PYMNTS

MARCH 20, 2020

But lenders themselves, even industry incumbents, are also quickly recognizing the potential that unlocking data has not only on improving the SMB borrowing experience, but on significantly improving their own internal operations, particularly when it comes to risk mitigation. While more financial service providers in the U.S.

Risk Mitigation 93

Risk Mitigation Mitigation Payment APIs and Integration Risk 93

Fintech News

FEBRUARY 21, 2024

Singapore’s commitment to establishing a robust regulatory framework for cryptocurrencies was underscored by its adherence to the Payment Services Act (PSA), initially enacted in 2019 and amended in 2020 to include digital payment token (DPT) service providers. billion (SG$20.06

Crime 109

Crime Ransomware Scams Romance Scams 109

PYMNTS

AUGUST 3, 2020

Speaking with Karen Webster in a recent interview , OnPay Solutions President and CEO Neal Anderson explained that organizations have to prepare themselves to mitigate the fraud threat, even as employees work from home. When it comes to B2B payments fraud, it’s not a matter of if it happens, but when. ” $4.13

B2B 131

B2B FPC Scams Email Compromise 131

The Fintech Times

DECEMBER 9, 2024

“Implementing comprehensive risk management strategies and diversifying technological dependencies are essential steps to mitigate the impact of unforeseen incidents, thereby maintaining the stability and reliability of payment systems. 2024 has been a big year for Aevi.

Payment APIs and Integration 102

Payment APIs and Integration Online and Mobile Banking AI Financial Inclusion 102