PYMNTS

OCTOBER 30, 2020

Slow compliance checks and sluggish processing times are commonplace, especially on the legacy systems still used by many banks around the world. Automating Compliance. Most customers bypass dealing with merchants entirely when trying to stage chargeback fraud, with 76 percent of cardholders going directly to the payment card issuer.

Operations 228

Operations Payments Compliance System 228

PYMNTS

JULY 2, 2020

With the pandemic nudging businesses further into the digital payments realm, commercial card innovation is heating up to capitalize on the opportunity for adoption. Boost Bolsters BMO Harris Bank’s Biz Cards. Global Cash Card’s Legal Saga Ends. ADP Eyes Payroll Card Adoption Jump.

Cards 208

Cards New York Capital Compliance 208

Payments Source

NOVEMBER 2, 2020

In a major break from the Payment Card Industry security standards playbook, merchants and service providers using newer technologies would have the opportunity to rewrite network operation and testing procedures when achieving compliance.

Compliance 115

Compliance Security Cards Operations 115

PYMNTS

JULY 2, 2020

Corporates of all sizes and verticals are taking an introspective look at internal operations to pinpoint areas of opportunity for working capital optimization. “On the buyer side, utilizing cards and shifting away from checks, wire and ACH provides a new credit instrument.” Optimizing Card Spend.

Cards 260

Cards Capital Strategy Payments 260

Bank Innovation

JANUARY 23, 2019

Operant Founder and CEO Allan Fisch said at a meetup yesterday at Bank Innovation’s headquarters in New York that a consortium would allow the FIs to contribute anonymized data on the performance of their third-party […]. Toronto-based fintech Operant.AI

Operations 170

Operations New York Fintech Data 170

PYMNTS

NOVEMBER 19, 2019

Among the biggest debates is how to construct and operate the best card program possible – a decision that served as the foundation for a new PYMNTS interview with Jim Geeslin, head of strategy for Elan Financial Services , an agent credit card issuer. Do FIs want to navigate card programs through that?”.

Cards 140

Cards Apple Data Innovation 140

PYMNTS

NOVEMBER 9, 2016

Any organization, small or large, private or public, must handle the pressures of compliance. “It varies around where revenue is coming from, the requirements attached to that revenue and the scale of operations. . Sure, a paper check can get money to where it needs to go.

Compliance 174

Compliance Resources Data Management 174

PYMNTS

JULY 15, 2020

That’s bureaucratic code for “Regulators will be checking on ‘Know Your Patient’ (KYP) compliance in the near future.” Medical data theft is perhaps the ugliest kind. Medical records command a high value on the dark web and can be listed for 10 times more than the average credit card data breach record. They should.

Data 146

Data Compliance Regulation Meeting 146

PYMNTS

JANUARY 30, 2020

Banks and FinTechs continue to discover new opportunities in unlocking corporate clients’ financial data, with banks embracing data integration for their own product development initiatives, and FinTechs finding new ways to collaborate with each other. Mastercard Taps FinTech for Biz Card Boost.

Data 161

Data Fintech Cards Software 161

PYMNTS

JUNE 17, 2020

At least, that’s what commercial card technology players believe, with this week’s rundown of the latest initiatives in corporate card solutions placing a focus on returning business trip volume. Expensify Links Cards To Booking. Emirates Islamic Launches Cards For SMBs.

Cards 169

Cards Management Report Tools 169

PYMNTS

FEBRUARY 5, 2020

Commercial card technology can ease multiple pain points in B2B payments. But as today’s industry players reveal, the commercial card opportunity is often biggest in areas outside of the payment. Pleo Makes a Commercial Card Shift. Boost Highlights The Data Opportunity. Leavitt explained.

Cards 134

Cards Payments Analytics Data 134

PYMNTS

MARCH 11, 2020

B2B FinTechs are once again showing off the versatility of the corporate card. While QuickBooks is piloting card payments on invoices powered by PayPal , Airwallex is readying the launch of its own corporate card — both physical and virtual — designed to enable cross-border payments. QuickBooks Adds Card Payment Support.

Cards 130

Cards Capital Fintech Tools 130

PYMNTS

DECEMBER 9, 2018

With retailers struggling to get compliant with the Payment Card Industry Data Security Standard , qualified security assessors are going to be in more demand and can offer tokenization as one way of achieving compliance.

Retail 194

Retail Report Compliance Security 194

PYMNTS

MAY 2, 2017

Credit card fraud is a fact that will likely continue to plague retailers for the foreseeable future. It’s on the rise in the eCommerce arena, according to data released from omnichannel commerce technology and operations company Radial’s eCommerce Fraud Technology Lab. What happened was exactly what was expected.

Fraud 150

Fraud Data Cards Retail 150

PYMNTS

MAY 29, 2018

Reuters reports that India’s central bank is “standing firm” on a push to keep payments-related consumer data within the country’s borders. The newswire stated the mandate in India may have a ripple effect and may push the needle toward a similar walling in of data. The other card peers declined comment. That trio of U.S.

Data 101

Data United States Compliance Cards 101

PYMNTS

JANUARY 22, 2020

However, what sets SCA apart is how narrow the margin for error is upon implementation — on day one, any lack of compliance with the pre-authentication guidelines will result in declined transactions, something that no European merchant wants. Marshalling The Data . The exact opposite must happen in the switch-over to SCA, though.

Data 141

Data Guidelines Regulation Compliance 141

PYMNTS

OCTOBER 22, 2018

Fraudsters have found a new favored method for the holidays, the Sears’ bankruptcy filing finally came in and the major card networks found themselves on the wrong side of India’s emerging data privacy efforts. Gift Cards’ New Unfavorable Fans. As of September 2018, losses from gift-card fraud have hit $53 million.

Data 134

Data Fraud Cards Regulation 134

PYMNTS

JANUARY 14, 2020

Payments and financial service providers are facing an even greater challenge in balancing these two capabilities in the age of open banking and cloud migrations, with more opportunities than ever before for sensitive company and customer data to be compromised. Greater Security Without Compromising UX.

User Experience 253

User Experience Security Payments Compliance 253

PYMNTS

AUGUST 9, 2019

HSBC has added six foreign currencies supported by its commercial card products in Europe in support of corporates operating across borders in the region. We now offer a full range of commercial card products to clients across 26 countries in Europe and 43 countries globally, with the same core capabilities in each market.

Cards 100

Cards Management Regional Policies 100

Perficient

NOVEMBER 16, 2020

This is the first time the parameters under which debt collectors can operate have been updated regarding modes of communication since 1977 when the Fair Debt Collection Practices Act was enacted. This means that all financial services institutions that have collections functions (credit card, auto loan, personal loan, mortgage, etc.)

Analytics 294

Analytics Compliance Cards Operations 294

PYMNTS

MAY 17, 2017

Commercial cards are tricky. While they may be instrumental in helping companies manage cash when their employees travel for work, commercial cards aren’t the top payment rail of choice for suppliers, so companies often pay invoices another way. But depending on how the commercial card is used, these figures vary greatly.

Cards 108

Cards Analysis Data Compliance 108

PYMNTS

NOVEMBER 6, 2018

PCI compliance is vitally important for businesses that process credit cards. The standards put forth by the PCI Security Standards Council – the PCI Data Security Standards – offer a framework for ensuring data security, and they must be followed in order to avoid fines and other penalties.

Data 179

Data Compliance Security eBook 179

PYMNTS

OCTOBER 6, 2020

Money laundering is a never-ending threat to payments providers of all types, but especially to those that operate online. We know that fraudsters would like to hack the platform either for money laundering or to use stolen cards, looking for a way to swipe them virtually and get this money and then run away.”. We use our data.

Analytics 163

Analytics Data Analysis Payments 163

PYMNTS

FEBRUARY 28, 2020

Failing to prevent a data breach is a surefire way to lose that trust, however. Credit unions possess vast troves of personal information such as credit card data and Social Security numbers that could devastate members if leaked. Data Breaches Within And Without. Credit unions are no strangers to data breaches.

Data 131

Data California Security Pennsylvania 131

PYMNTS

JANUARY 21, 2019

The government was the only place that got stuck in pause this week – the card networks also found themselves on hold in China. But one at least get the impression that card networks, like the rest of payments and commerce are at least trying their hardest to move forward. Card Networks Have Trouble Getting Into China.

Data 122

Data Cards Payments Marketing 122

PYMNTS

JUNE 5, 2020

Providing robust services via mobile channels is especially important now, as the COVID-19 pandemic has caused businesses to operate remotely and consumers to stay at home as much as possible. Doing so may require tapping into various data sources and integrating with data repositories to gain customer insights.

Security 174

Security Fintech Data Fraud 174

PYMNTS

DECEMBER 27, 2019

The company expanded its credit card-based expense management program nearly four years ago to include a travel and expense card program as well as third-party expense management software. Approximately 10,000 of these cards are in circulation at Sysco as part of its spend management program, Anderson said.

Management 132

Management Cards Policies Compliance 132

South State Correspondent

OCTOBER 26, 2023

Our Top 10 Insights From Money 20/20 From these sessions and announcements, we pulled out ten of our most important takeaways, each having an impact on bank operations in the coming year. Few speakers or vendors had solutions for how banks are going to efficiently index, manage, and optimize their knowledge base, not to mention customer data.

Conference 221

Conference Las Vegas Fraud Data 221

PYMNTS

OCTOBER 10, 2019

Today in the payments news roundup, average interest rates on credit cards are approaching record levels. Also, the rollout of WhatsApp Pay in India may be held back by data processing regulations. Credit Card Interest Rates Rise To Near-Record Levels. And the Libra Association’s member firms are slated to meet on Monday (Oct.

Cards 109

Cards Payments Meeting Regulation 109

PYMNTS

DECEMBER 4, 2017

McAfee Labs recently published its 2018 Threats Predictions report , and after a year of high-profile cyberattacks and data breaches, analysts say the threat won’t let up in the new year. If there’s one thing the enterprise has learned this year, it’s that a data breach can happen to any business — including small businesses (SMBs).

Security 136

Security Data Survey Regulation 136

Perficient

NOVEMBER 22, 2023

Rising Credit Card Debt and Interest Rate Impact Since early 2022, the Federal Reserve has raised interest rates 11 times , impacting both student loans and credit cards. Credit card interest rates have hit a record-high average of 22%. In the second quarter of 2023, the average credit card balance soared to a 15-year peak.

United States 221

United States Cards US Operations 221

PYMNTS

MARCH 4, 2017

How do banks not only add these new services into their offering, but actually manage operations of that tool in the back office? . And perhaps the most controversial question: Who actually owns the customer data that banks and FinTechs share via API? . It operates in a less complex regulatory environment.” .

Innovation 191

Innovation Data Fintech Exercises 191

Abrigo

JULY 13, 2023

Crafty scammers exploit weaknesses in fraud and anti-money laundering (AML) compliance programs such as outdated technology, human error, or inadequate monitoring systems. Enhance data analytics capabilities : Data is a powerful tool. Banks can leverage data analytics to identify unusual patterns and anomalies.

Fraud 195

Fraud cryptocurrency Training social media 195

PYMNTS

JUNE 26, 2019

Anti-money laundering, data security, mobile/digital payments, fraud-fighting and payment tech rounded out the top five — with each ranking as a lead priority for over 50 percent of credit union executives. That fraud and compliance are leading concerns for the credit unions PSCU works with, Carelli said, is not that surprising.

Analytics 118

Analytics Data Tools Fraud 118

PYMNTS

APRIL 30, 2018

lawmakers about how his company can better protect its users’ data following the Cambridge Analytica breach. billion worldwide users — including legislation that would require it to obtain opt-in consent from users to use, share or sell any personal data. While such a move might be unprecedented in the U.S.,

Data 119

Data Compliance social media Regulation 119

Banking Exchange

FEBRUARY 26, 2020

Online payment fraud could cost companies more than $200 billion over four years, finds Juniper Research Risk Management Technology AML & Fraud Cyberfraud/ID Theft Compliance/Regulatory Operational Risk Big Data Security Online Cards BSA/AML Feature3 Feature Financial Research Payments.

Fraud 97

Fraud Big Data Risk Management Compliance 97

South State Correspondent

JUNE 20, 2024

A manager may oversee the operation of a product, but few banks have product managers who drive product development and performance. A great example is how the new Section 1071 rule that requires data collection and management impacts every small business credit product a bank has. Banks don’t have enough product managers.

Management 195

Management Training Strategy Compliance 195