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10 Lessons We Learned at the Nacha Smarter Faster Payment Conference

South State Correspondent

Last week, Nacha held its Smarter Faster Payments Conference in Miami, a significant event for over 1,800 bankers and vendors. With 142 presentations and panels, the content was tailored to the needs of every bank interested in payments. Nacha saw three strong presentations covering various legal aspects of payments.

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OCC Highlights, AML & CRA Risks

Perficient

Navigating AML and OFAC Compliance Risks Regarding anti-money laundering (AML) and Office of Foreign Assets Control (OFAC) compliance risks, bank executives must navigate operational and compliance challenges tied to fintech relationships. Manage third-party risks, especially for relationships involving higher-risk or critical activities.

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Digitizing B2B Payments: Virtual Cards Save CFOs Invoicing And Payments Hassles

PYMNTS

The November CFO’s Guide To Digitizing B2B Payments report examines how companies are modernizing their AP and accounts receivable (AR) processes for smoother procurement experiences. Around The B2B Payments World. percent from 2020 to 2027. Deep Dive: How Construction Firms Can Ease Payment Challenges With Digital AP.

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Can Mobile Solve A City’s Transit Payment Challenges?

PYMNTS

High transaction success rates can indicate an efficient payments operation, but keeping them high is no easy feat. False positives, payment gateway malfunctions and incorrect data entry can all cause them to slip, running the risk that users may grow frustrated and take their business elsewhere.

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Report: Tokenization And Data Vaulting Take The Sting Out Of PCI Compliance

PYMNTS

Adhering to Payments Card Industry (PCI) Data Security Standards (DSS) is an unavoidable requirement for any and all eTailers that accept card payments, but a surprising number of firms are not up to speed on these standards. This puts pressure on merchants to find ways to make their operations PCI compliant, and fast.

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Mercari Acquires Rival Marketplace App Origami

PYMNTS

Mercari , the flea market app in Japan with nearly 15 million users, announced Thursday it is purchasing Origami , a payments platform also in Japan. The app lets consumers make payments with QR codes popular in Chinese and Indian markets. The purchase amount is undisclosed, according to DealStreetAsia. With plans to compete in U.S.

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Real-Time Payments Have Numerous Real-World Applications

PYMNTS

Everyone seems to want faster payments — from gig workers to B2B suppliers to parents splitting expenses — but with not all major financial institutions on board, real-time payments stand at lower chance for mass adoption. The demand for faster payments is strong in the U.S., The demand for faster payments is strong in the U.S.,

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