article thumbnail

Build vs buy? Strategic decisions in financial crime management

The Payments Association

The requirement for systems to return results in real-time becomes essential, especially in a regulatory environment where monitoring for money laundering and fraud is a mandatory obligation. In contrast, third-party vendors offer solutions that have been tested across various environments, allowing for a more robust and reliable product.

article thumbnail

Flexible Rent: RealPage Improves LOFT Through Livble Acquisition Enabling Split Rent Payments

The Fintech Times

Over three million units already use LOFT, the new addition will only increase the uptake of the app, which brings leasing, moving, payments and rewards together, removing the need for multiple third-party vendors.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Walmart Now Handles Fulfillment, Delivery For Third-Party Sellers

PYMNTS

A new Walmart service will let third-party vendors hire the retailer to shelve, pack and ship items to customers in a move that could help Walmart compete better with eCommerce giant Amazon, CNBC reported. Customers, meanwhile, will have more brands from which to choose, as well as easier returns and a faster shipping process.

article thumbnail

OCC Issues Policy Guidance on Buy Now, Pay Later Lending

Global Fintech & Digital Assets

The bank typically pays a discounted price on the good or service in return for assuming the risk of fraud or default, and obtains the ability to collect installments equivalent to the full (undiscounted) price of the purchase.

OCC
article thumbnail

B2B Fraudsters Find New Twists In Old Scam Favorites

PYMNTS

According to reports, there are allegations that a handful of managers within SEPTA cooperated in a fraud scheme with one of SEPTA’s vendors, which is facing claims that it submitted false invoices along with legitimate bills. “VEC is the next evolution of business email compromise.

article thumbnail

Walmart To Reimburse Vendors For Price Cuts To Gain Edge Over Amazon

PYMNTS

But then, what happens when the price wars stop and pricing levels return to some degree of normality? 14) that retail juggernaut Walmart is subsidizing some of its third-party vendors that sell across its online marketplace. Price wars tend to be decent short term strategies to lock in customers.

article thumbnail

PCI Validated P2PE – 3 Years in North America, What Has Changed?

PYMNTS

While hackers got into the POS systems through a faulty firewall or third-party vendor, once in they were able to install malware that located unencrypted credit card information — which was then sent to remote servers, packaged and resold on the black market. PCI P2PE Return on Investment. EST. Host: Karen Webster.