article thumbnail

Cashfree Payments Secures RBI’s Prepaid Payment Instrument (PPI) Licence

Fintech Finance

The PPI (Prepaid Payment Instrument) licen c e will help us build offerings that let internet businesses retain and grow their user base.” In July this year, Cashfree Payments became the first payment service provider to receive RBI’s Payment Aggregator-Cross border license for imports and exports.

article thumbnail

Tokenisation 2.0: Are we ready for the next generation of payment security?

The Payments Association

Tokenisation plays a critical role herenot only securing credentials but also simplifying their storage and reuse across different customer touchpoints. When onboarding new service providers, fintechs, or merchant partners, a token-based architecture allows for quicker, cleaner integration by decoupling sensitive data from transaction logic.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Ecommerce Retailers Urged to Prioritise Payment Security or Lose Out This Black Friday

Fintech Finance

According to new research released today, almost half of UK consumers (48%) cite concerns about payment security as a key reason for abandoning their shopping at the online checkout. ” Mollie is on a mission to make payments and money management effortless for every business in the UK and Europe. .”

article thumbnail

The Ultimate Guide to Accepting Credit Card Payments

Stax

This can be done through a variety of channels, which include but are not limited to: Point of sale (POS) terminals Mobile pos terminals Mobile card readers Mobile apps Online payment gateways These channels enable businesses to accept payments securely and conveniently, no matter where or how their customers choose to pay.

article thumbnail

Singapore Reports S$1.2 Million in Losses from Phishing Scams Targeting Mobile Wallets

Fintech News

Authorities are working with banks, mobile wallet providers (Apple Pay, Google Pay, Samsung Pay), and card service providers (Visa, Mastercard) to tighten security measures. They often target high-value electronics and luxury goods. million in losses in the fourth quarter of 2024 through enhanced fraud surveillance.

article thumbnail

Prommt, Chargebacks911 Partner to Revolutionize Transaction Protection

Fintech Finance

Together, were empowering businesses to proactively and reactively address vulnerabilities before they impact revenue, giving merchants the power to provide a frictionless, positive experience for their customers. The hospitality industry generates an estimated $3 trillion in global revenue each year.

article thumbnail

LSEG Risk Intelligence Deploys Account Verification to Tackle Payment Fraud

Fintech News

The EUs Instant Payments regulations, taking effect in January 2025, will require all payment service providers in the bloc to offer 24/7 instant payments. By October 2025, Eurozone providers must conduct mandatory account name-IBAN checks for transactions.