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 41

SWIFT Security Risk Federal Reserve 41

PYMNTS

SEPTEMBER 20, 2016

In a press release , Fiserv said Payment Fraud Manager, which was built to help financial companies detect and stop fraudulent electronic payments in real time, is one of the most advanced fraud prevention solutions for electronic fund transfers across all major settlement channels, including SEPA, SWIFT, Fedwire and ACH.

BSA 67

BSA FedWire Risk Mitigation ACH 67

PYMNTS

JANUARY 22, 2021

Many consumers are therefore eager for auto financing to be as swift as possible, and companies like auto financing provider Westlake Financial see disbursements delivered over the RTP® network as the future of the industry. You can’t put a stop payment [like] on a check. The level of risk is higher.”.

RTP 56

RTP Finance Security Real Time Payments 56

PYMNTS

JUNE 5, 2020

Open APIs enable information to swiftly travel between third-party FinTechs and FIs, which allows customers to use FinTechs’ payment apps to quickly issue requests instructing their banks to send funds. App providers often have to dig deep to get enough knowledge because bad actors are adept at hiding their involvements.

Money Laundering 69

Money Laundering Security Payment APIs and Integration FinTech 69