Fintech News

JUNE 5, 2025

The Monetary Authority of Singapore (MAS) released its final position on the proposed regulatory regime for Digital Token Service Providers (DTSPs), under the Financial Services and Markets Act 2022, a week ago. This is regardless of company size, business model, or the number of digital token services offered.

Money Laundering 83

Money Laundering Due Diligence Cross-Border Rules 83

Fintech Finance

JANUARY 28, 2025

Akurateco , a global payment software provider with a strong presence in the MENA region, has joined forces with Dinero Pay , a rising Payment Service Provider (PSP) in Saudi Arabia, to drive innovation in the rapidly evolving mobile payments sector. Central to the innovation is the use of network tokenization technology.

Mobile Payments 95

Mobile Payments Payment Service Provider (PSP) Payments Gateways 95

Fintech News

JUNE 23, 2024

Singapore has released its updated Money Laundering (ML) National Risk Assessment (NRA) , highlighting increased risks in the digital payment token (DPT) services sector. The updated assessment highlights increased risks due to economic and geopolitical shifts, as well as the rise in technology-enabled transactions.

Money Laundering 109

Money Laundering Risk Crime Law Enforcement 109

Fintech News

NOVEMBER 27, 2024

Global verification provider Sumsub has partnered Elliptic, a cryptoasset risk management firm, to bolster its crypto transaction monitoring and Travel Rule solutions. Sumsub’s own Identity Fraud Report 2024 indicates that crypto is a high-risk industry for fraud. said James Smith, Co-founder of Elliptic.

Crime 113

Crime Financial Crimes Travel Rule Blockchain 113

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.

PCI DSS 243

PCI DSS Small Business Assessments Compliance 243

Fintech Finance

DECEMBER 16, 2024

Through its Payment Orchestration Platform, Praxis Tech connects merchants to over 600 Payment Service Providers (PSPs) worldwide via a single API integration. This extensive network, combined with its full-featured backoffice, enables merchants to optimize and manage their payment processes.

ISOs 95

ISOs PCI DSS Accreditation Security 95

Fintech News

MAY 29, 2024

Singapore has released an Environmental Crimes Money Laundering National Risk Assessment (NRA), highlighting the primary threats and vulnerabilities associated with it. Banks and cross-border payment service providers are especially at risk of being exploited for laundering proceeds from these crimes due to their transnational operations.

Money Laundering 113

Money Laundering Crime Risk Law Enforcement 113

Stax

DECEMBER 12, 2024

Merchant services help small businesses simplify payments, save money with transparent pricing, and secure transactions with fraud protection and PCI compliance. To choose a merchant service provider, compare pricing structures, review contract terms, check system compatibility, and prioritize responsive customer support.

Small Business 88

Small Business Online and Mobile Banking Volume Checks 88

Fintech Finance

MARCH 5, 2025

Tuum , a leading next-generation core banking provider, is proud to announce its new status as a Mastercard Digital Activity Service Provider (DASP), enabling seamless integration with Mastercard Digital Enablement Service (MDES).

Service Provider 87

Service Provider Digital Payments Visa Due Diligence 87

The Payments Association

NOVEMBER 8, 2024

The Problem The dispute and chargeback landscape is becoming increasingly complex due to surging digital payments, ongoing changes to regulatory compliance, and intensifying competition amongst acquirers and merchant service providers. Expand their list of services to increase brand loyalty and prevent revenue disintermediation.

Disputes 88

Disputes Value Added Service Regulatory Compliance Acquirers 88

Fintech Finance

OCTOBER 29, 2024

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.

Payment Security 104

Payment Security Security Cross-Border Payments 104

VISTA InfoSec

OCTOBER 21, 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 182

Compliance Third-Party Service Provider Risk Assessment Audit 182

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. This supports robust risk management strategies.

Transactions 88

Transactions PCI DSS Payments Multi-Currency 88

Fintech Finance

DECEMBER 12, 2024

The new solution supports payment service providers (PSPs) in offering Verification of Payee services to their customers that fulfill the requirements of the Instant Payments Regulation (IPR) and of the VOP Scheme developed by the European Payments Council (EPC).

Payee 98

Payee Verification IBAN End User 98

Stax

NOVEMBER 14, 2024

This article on the best credit card processing companies providing payment processing services will help you reach a better understanding of credit card processing. Here are the inside details about what defines a payment solutions provider, how processing works, the credit card processing fees , risks, and more.

Credit Cards 88

Credit Cards Process Online and Mobile Banking Payment APIs and Integration 88

The Payments Association

DECEMBER 19, 2024

Trust Payments CEO Laurence Booth emphasises the need for payment service providers to move beyond transaction processing, leveraging digitisation and personalisation to deliver seamless, data-driven experiences in an evolving consumer and regulatory landscape. The payments industry is at a turning point.

Payments 88

Payments Fraud Prevention On-Demand Service Provider 88

Basis Theory

NOVEMBER 12, 2024

In practical terms, this means there are fewer PCI requirements you need to comply with within your self-administered systems, reducing cost and risk. Both offer enhanced security for storing and utilizing payment data, reducing overall fraud and risk levels. They can be validated and identified without risking exploitation.

Encryption 157

Encryption Payment APIs and Integration PCI DSS Returns 157

The Fintech Times

MARCH 28, 2025

To help put a dent in this figure, Creditinfo , a global service provider for credit information and risk management solutions, has launched its global identity, know your customer (KYC), and fraud and ID solution. Creditinfo has appointed Rob Meakin as director of fraud and identity to head up this service.

Financial Crimes 76

Financial Crimes Crime Fraud Prevention Due Diligence 76

Fintech News

OCTOBER 27, 2024

By holding these entities accountable, the SRF enhances consumer protection and provides clear avenues for victim recourse in cases of phishing-related losses. A 12-hour cooling-off period is required for the activation of digital security tokens and new device logins to e-wallets, reducing the risk of unauthorized access.

Phishing 135

Phishing Scams Blocks Authorization 135

The Payments Association

FEBRUARY 10, 2025

While vIBANs offer innovation in payment systems, they introduce risks like money laundering due to insufficient oversight. Payment Service Providers must strengthen due diligence, monitoring, and collaboration with regulators to address these risks. Why is it important? What’s next?

IBAN 88

IBAN AML Master Account Due Diligence 88

Fintech Review

JANUARY 30, 2025

What is this document about We look through this document and highlighted five aspects that companies should pay attention to: Industrial risk management. According to DORA, market participants must conduct systematic stress tests with the various breach scenarios; Third-party risk management. Theres no clear requirement on this point.

Regulations 98

Regulations Risk Management Participant Cybersecurity 98

Stax

MARCH 18, 2025

A good system plays a vital role in managing cash flow, alleviating fraud risk, and enhancing customer satisfaction. The issuing bank approves or declines the transaction – If the payment details are correct, the customer has sufficient funds in their account, and theres no fraud risk, the issuing bank approves the transaction.

Process 88

Process Payment APIs and Integration Processors Online and Mobile Banking 88

The Payments Association

NOVEMBER 28, 2024

PSD3 builds on PSD2 by clarifying regulations, expanding bank liability, and introducing stricter IT and risk standards. The PSR (Payment Service Regulation) complements the Payment Service Directive, leading to directly applicable law in all EU states. PSD3 and PSR are the latest initiatives driving these goals.

Authentication 88

Authentication Regulations IBAN Rules 88

Fintech News

APRIL 21, 2025

The network aims to enable faster, lower-cost international money transfers by utilizing stablecoins such as USDC, EURC, and other regulated digital currencies for real-time settlement between participants like banks, payment providers, virtual asset service providers, and digital wallets.

Cross-Border Settlement 99

Cross-Border Settlement Cross-Border Settlement Stablecoins 99

The Payments Association

JUNE 3, 2025

Moreover, network tokenisation reduces the regulatory burden by eliminating the need to store sensitive card data, supporting the Payment Card Industry Data Security Standard (PCI DSS) compliance and lowering the risk of data breaches. This enables rapid scaling of new payment use cases, without duplicating risk exposure.

Security 88

Security Payment APIs and Integration Payment Security Credential 88

Fintech Finance

NOVEMBER 13, 2024

Paving the way for safer and quicker payments for everyone, this vision also unlocks a new era for physical cards by making the possibility of numberless physical cards the default, further reducing the risk of fraud should a card be lost or stolen. Additionally, the risk of fraud is minimized.

Visa 98

Visa Authentication Payments Issuers 98

The Fintech Times

FEBRUARY 28, 2025

Monitoring AI so it doesn’t get outsmarted by fraud James Lichau, financial services co-leader at BPM AI is constantly learning and adapting to offer a more personalised solution. “AI contracts compound these risks if poorly structured. Contracts need to address AI-specific risks to avoid leaving organisations vulnerable.

AI 97

AI Regulations Best Practices Risk 97

Fintech Finance

OCTOBER 24, 2024

Merchants, payment service providers (PSPs) and third-party providers (TPPs) recognise the potential of Commercial Variable Recurring Payments (CVRP, in the UK) and Dynamic Recurring Payments (DRP, in Europe) to deliver better payment experiences, more choice, and lower processing costs.

Risk 98

Risk Use Case Payments Debit Card 98

Fintech News

APRIL 28, 2025

The product aims to address long-standing challenges in crypto use, including the complexities of managing private keys and the historical risk of losing digital assets due to forgotten credentials. Transactions are free of charge, with near-instant settlement, although transfers are subject to compliance and risk controls.

Web 3.0 67

Web 3.0 Stablecoins Money Laundering Payments 67

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

Stax

JANUARY 23, 2025

The merchant underwriting process is a critical step that payment processors and financial institutions use to assess the risk associated with onboarding new businesses. Key steps include application review, risk assessment, credit checks, and compliance verification. Learn More What is Merchant Account Underwriting?

Underwriting 68

Underwriting PCI DSS Money Laundering Processors 68

Stax

MAY 13, 2025

Positive impact on cash flow A reliable merchant services provider doesnt just process transactionsit helps you get paid faster. Merchant services providers often come with built-in reporting dashboards that show you sales trends, peak shopping hours, and customer preferences.

Credit Cards 88

Credit Cards Payment APIs and Integration Processors Process 88

The Payments Association

NOVEMBER 18, 2024

How fintechs are challenging traditional banks in the merchant services space, posing a threat to banks’ core business and revenue streams. The shift driven by fintechs could erode banks’ dominance, forcing them to modernise or risk losing a significant share of the market. Why is it important? What’s next?

FinTech 88

FinTech Online and Mobile Banking Acquirers Fraud Prevention 88

Stax

APRIL 10, 2025

You also need a payment services provider that supports your chosen payment methods, but that providers platform must integrate seamlessly with your existing CRM, ERP, payroll, CMS, and accounting software systems. Such gateways present a more risk-averse way for you to accept cryptocurrency payments.

Small Business 88

Small Business Wire Transfer BNPL ACH 88

The Payments Association

MAY 28, 2025

digital wallets), token service providers operated by card networks and token vaults that securely store the mapping between tokens and actual credentials. For cardholders, the ability to complete transactions without exposing actual card details fundamentally alters the risk equation of digital commerce.

Credential 88

Credential Payments Issuers Visa 88

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. Many small businesses lack the resources to cover a single fraudulent incident, and without support and action, we risk stifling business innovation and growth.

Account Takeovers 104

Account Takeovers Small Business Phishing Scams 104

The Fintech Times

NOVEMBER 22, 2024

Similarly to many other payment service providers in Australia, Rent The Roo’s previous provider charged dishonour fees when payments were missed, paid late, or if the customer made an error in the process. This whole bulk change process was handled with care to reduce any risk of customer friction and churn.

Automation 72

Automation Payments Payer Debit Transaction 72