PYMNTS

JUNE 5, 2020

Partnering with FinTechs that have lax security creates very real issues: Criminals could abuse open banking-powered payment apps to launder money, for example, or take over accounts and steal victims’ funds. The federal entity is charged with monitoring the U.S. Even if your products are not covered per FinCEN in the U.S.,

Money Laundering

PYMNTS

JUNE 24, 2020

Brazil’s Central Bank has suspended WhatsApp’s payment feature in the country, citing antitrust concerns, according to Bloomberg on Tuesday (June 23). Mastercard and Visa have been requested to stop payments and money transfer services through the app in Brazil as well, the bank said.

Central Bank

The Paypers

JULY 2, 2019

(The Paypers) The South African Social Security Agency (Sassa) has put a ‘stop payment’ instruction on 2,800 social grants accounts, identified as being potentially fraudulent.

Stop Payment

PYMNTS

JANUARY 22, 2021

As with any payment method, fraud attacks and human errors can upend customer experiences unless companies have strong security strategies in place. Alvarez explained in a recent PYMNTS interview how effectively securing real-time transactions requires thorough contingency planning and advanced customer verification methods.

RTP

PYMNTS

AUGUST 18, 2016

The financial messaging service known as SWIFT — which operates as a bank-owned consortium and helps payments in the billions of dollars move globally — has been beset by security flaws, has known about those flaws and has done little to address those flaws. So reported Reuters on Wednesday (Aug.

SWIFT

PYMNTS

SEPTEMBER 20, 2016

This empowers our bankers to make informed real-time decisions to stop payment fraud, while still maintaining a high level of service to our customers.” “Fraud solutions from Fiserv give us best-in-class detection and minimize false positives.

BSA

PYMNTS

JANUARY 3, 2019

USAA, which is headquartered in San Antonio, Texas, was accused of not properly honoring customers’ requests to stop payments on preauthorized electronic fund transfers. The Consumer Financial Protection Bureau (CFPB) announced on Thursday (Jan.

CFPB

PYMNTS

APRIL 30, 2020

CUs that are adapting to an online-only banking reality thus also have to keep an eye out for more fraud schemes and are turning to technologies such as machine learning (ML) and data analytics to keep online data and transactions as secure as possible.

Credit Union

Fintech Finance

DECEMBER 12, 2023

FYST , the one-stop payments consultancy for ecommerce businesses, has today launched its Acquiring Matters report. It reveals the biggest trends in acquiring, including how the sector is harnessing artificial intelligence to boost fraud detection and optimise payment authorisation.

Consulting

PYMNTS

NOVEMBER 4, 2019

The goal of this digital technology is to make payments fast, easy and secure, and give cardmembers more choices in how they pay.”. Penalty fees were also removed for falling below minimum balances and making stop-payment requests. In December, new members will start getting contactless cards automatically.

Debit Card

PYMNTS

MAY 25, 2018

But that’s not stopping payment and commerce players from trying to use technology to bring more efficiency to the system. Another large, if relatively indirectly, effort toward better healthcare payments came from the Electronic Healthcare Network Accreditation Commission, or EHNAC.

Technology

FICO

JANUARY 22, 2020

Criminals are trying to fool banks into thinking they are new customers or stealing account access by tricking people into making security mistakes or giving away sensitive information. When they are successful, criminals are making use of real-time payments to move funds quickly through a maze of global accounts.

Real Time Payments

PYMNTS

MAY 29, 2020

The press release says some users have received “Stop Payment” notices on their accounts and have needed to take additional steps to access the money, if it was suspected there was fraudulent activity occurring. Michigan has reported 1.65

Identity Theft

PYMNTS

JUNE 24, 2020

Among the firms that have been asked to stop payments done through the app: Mastercard and Visa.

Central Bank

PYMNTS

DECEMBER 15, 2017

Third, it must be secure: Millennials want to know their accounts are safe. Like most consumers today, they are highly aware of the security threats that could put their hard-earned, thinly-stretched earnings at risk, and they want no part of it. Anyone they entrust with their money had better guard it with their lives.

Visa

PYMNTS

JULY 15, 2019

In that announcement , Gas Pos singled out FLEETCOR and another industry giant, WEX , noting that its collaboration with Twilio aims to “shift the balance of control in the truck stop payment ecosystem” and to allow fuel retailers to combat the “Goliath Problem” of “oligopolies.”.

Payer

FICO

NOVEMBER 16, 2022

The data from this survey revealed global trends, along with regional differences, that demonstrate the ongoing commitment that financial institutions have for finding and stopping payments fraud. Explore the power of two-way communications for stopping fraud and delivering excellent customer experiences. Andrew Manuel.

Fraud Prevention

Nanonets

MARCH 28, 2024

Virtual cards:  Get virtual cards that can be used for online transactions and recurring subscriptions, providing an added layer of security and control. Customers only pay for the services they use, such as outgoing wires or stop payments. Who is Brex a good fit for?

Payment APIs and Integration

PYMNTS

DECEMBER 20, 2019

That’s because fraudsters (especially state-backed ones, but other groups too) are now launching massive bot attacks that are getting almost as sophisticated as the top security software. Fraud prevention tech has to scale. That tangle of chargebacks is a potentially huge problem.

AI

PYMNTS

JUNE 24, 2020

Brazil’s Central Bank Shuts Down WhatsApp Payments. Brazil’s central bank has suspended WhatsApp’s payment feature in the country, citing antitrust concerns. Mastercard and Visa have been requested to stop payments and money transfer services through the app in Brazil as well, the bank said.

Central Bank

Fintech Finance

JUNE 2, 2025

Securing a Money Services Business licence positions PingPong at the heart of this growth, empowering us to support Malaysia’s expanding fintech and financial services ecosystem, meeting the rising demand for efficient, compliant cross-border payment solutions.

Cross-Border Payments