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Understanding Risk Management Strategies as a PayFac

Stax

In this article, we’ll discuss what SaaS companies looking to become payment facilitators need to know about risk management strategies. PayFacs handle risk assessment, underwriting, settling of funds, compliance, and chargebacks which exposes them to greater potential risks.

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Risk Management for High-Risk Merchants

National Processing

Reducing risk saves you money on processing fees, saves time, and prevents major problems that hurt your business over the long run. Since risk management in payment processing is so critical, we are providing you […] The post Risk Management for High-Risk Merchants appeared first on National Processing.

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PayPal uses stablecoin to invest in blockchain risk management startup

Finextra

PayPal has used its own stablecoin to make an additional investment in blockchain risk management specialist Chaos Labs.

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Understanding Risk Management Strategies as a PayFac

Stax

As such, PayFacs need to equip themselves with an effective risk management strategy that helps them continuously monitor risks and employ appropriate risk responses if needed. TL;DR Four main types of risks come with payment facilitation: compliance risks, operational risks, transactional risks, and reputational risks.

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Top Strategies to Future-Proof & Sustain Your Merchant Services Portfolio

Embrace technology and data analytics to enhance service offerings, streamline processes, and improve risk management. Foster long-term relationships through exceptional service and personalized support. Continuous learning and adaptability are key to staying ahead in the ever-changing payment processing industry.

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Banks told to expand risk management to cover AI

Finextra

A report from the US Treasury has called on banks to bolster their risk management frameworks in order to avoid being overwhelmed by AI-powered fraudsters and cybercriminals.

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ValidMind raises $8.1m for AI risk management platform

Finextra

ValidMind, an AI and model risk management platform for financial services, has raised $8.1 million in seed funding.