PYMNTS

DECEMBER 16, 2019

Mastercard is partnering with CleverCards and Appreciate Group to offer gift cards directly to mobile wallets, Mastercard announced in a press release on Monday (Dec. The Select Digital Gift Card can be sent immediately by email, text or messaging app, and is available now as a last-minute Christmas present. billion in 2019.

Cards 131

Cards Mobile Groups Compliance 131

PYMNTS

JULY 1, 2019

When it comes to the new and emerging legal cannabis industry – along with the closely related trade in CBD products – payments and compliance issues, as one can imagine, have tremendous importance, and companies are striving to get into the game via those angles. While CBD does not get people high, it does reportedly relieve stress and pain.

Compliance 167

Compliance Industry Payments Policies 167

PYMNTS

SEPTEMBER 6, 2018

Compliance and risk? Automating that compliance is now a “need to have.”. Compliance and risk officers have the unenviable task of finding out, sometimes after the fact, that not all the boxes are checked — if they even knew the boxes were there for checking in the first place. Plugging In To Plugins.

Compliance 133

Compliance Fintech Regulation Knowledge Base 133

PYMNTS

MARCH 8, 2018

based online cross-border remittance services provider WorldRemit is one player working to smooth out common speed bumps that slow payments for businesses and individuals alike. Taking Transfers Online. Behind its faster payments strategy is an online-only approach. In a recent interview, Brion Nazzaro, the company’s U.S.

Compliance 101

Compliance Regulation Online Payments 101

CFPB Monitor

OCTOBER 5, 2022

On October 3, 2022, the Federal Reserve finalized a rule expanding Regulation II (Debit Card Interchange Fees and Routing), the implementing regulation for the Durbin Amendment. The final rule will be effective July 1. Given this continued uncertainty, I do not support the final rule.”.

Regulation 78

Regulation Cards Community Bank Community 78

PYMNTS

OCTOBER 5, 2018

The problem, Abramowitz noted, is that retail in the last decade has moved online and into multi-channel – and private-label cards have not really made the necessary transformation to keep pace. This isn’t the case for retailers born in the online world, Abramowitz contends. What’s Next.

Cards 144

Cards Retail Online Millennials 144

PYMNTS

MARCH 27, 2019

As online gamblers all but feast on the odds and brackets of the ongoing NCAA Division I Men’s Basketball Tournament in the U.S. – In that spirit, most consumers understand the need for a relatively involved onboarding process when first signing up for an online gambling site or service. the first March Madness since the U.S.

Online 115

Online Regulation Compliance Security 115

PYMNTS

NOVEMBER 11, 2020

Fintech Partner Connect will “support new ways for businesses and consumers to seamlessly and securely pay, get paid, send money and more,” a spokesperson for the credit card and financial services giant said in an email announcing the new program on Visa on Wednesday (Nov.

Fintech 277

Fintech Compliance Online Survey 277

PYMNTS

JUNE 24, 2020

The carriers preload the Adfone platform onto devices or SIM cards. “We’re Even though we don’t have to, we take that same framework of GDPR compliance and we apply it everywhere around the world across all of its deployments,” he elaborated. do not realize that 80 percent of the world’s 5 billon smartphones are prepaid.”

Mobile 201

Mobile Online Payments Video 201

PYMNTS

DECEMBER 13, 2019

Online delivery services might levy taxes on food charges, or on the combined total of the amount charged for the food, fees and delivery charges — resulting in significantly different taxes collected. There’s the standard model illuminated by the local pizza shop: Pick up the phone, place the order and charge the amount to a credit card.

Taxes 131

Taxes Online Policies Florida 131

PYMNTS

NOVEMBER 12, 2020

European tech firm SIA is forming a technological partnership with German software innovator INFORM to launch a digital service to speed up the authentication process for online payments across Europe. Boni added that the solution was integrated in SIA's infrastructures and will launch quickly to “ensure PSD2 compliance.” . billion.

Payments 165

Payments Compliance Fraud User Experience 165

PYMNTS

OCTOBER 7, 2019

Meanwhile, payment service providers (PSPs) are scrambling to find ways to authenticate these customers without adding friction to online transactions. There were no increases in transaction declines or abandonment within the first two days that SCA was active, at least according to a study by credit card provider Barclaycard.

Regulation 134

Regulation Trends Compliance National 134

PYMNTS

JUNE 2, 2020

Barclays Transact aims to help merchants make online transactions simpler, safer and compliant with the upcoming SCA regulations. card transactions. As consumers headed online en masse, the fraudsters surely followed, Sevounts said. And that highlights the importance of having a partner in digital security, Sevounts added.

Compliance 137

Compliance Fraud Security Regulation 137

PYMNTS

DECEMBER 7, 2020

Adflex has unveiled a new initiative aimed at boosting supply chain merchants’ ability to accept card payments from buyers as eCommerce booms amid the coronavirus crisis. Established trading partners” benefit from an even more streamlined compliance process, with Adflex “authorised to securely store Cards on File (CoF).”.

Payments 163

Payments Compliance Cards Security 163

American Banker

OCTOBER 19, 2023

Consumers with Discover cards spent less on travel and everyday purchases, but more on entertainment, driving loan growth in the third quarter. The company also benefited from the Fed's enforcement of online debit-routing rules, but these boons couldn't offset investor concerns over its issues with the FDIC and its CEO search.

Compliance 36

Compliance Trends FDIC Cards 36

PYMNTS

NOVEMBER 12, 2020

European tech firm SIA is forming a technological partnership with German software innovator INFORM to launch a digital service to speed up the authentication process for online payments across Europe. Boni added that the solution was integrated in SIA's infrastructures and will launch quickly to “ensure PSD2 compliance.” . billion.

Payments 130

Payments Compliance Fraud User Experience 130

Abrigo

MAY 30, 2023

But compliance deadlines are tiered. However, compliance deadlines for affected financial institutions are tiered so that small business lenders originating the most transactions begin reporting data earlier than less active small business lenders. 1, 2024, is the earliest compliance deadline.

Compliance 195

Compliance Lending Data Regulation 195

Bank Innovation

FEBRUARY 25, 2019

Security firm Gemalto will offer biometric EMV payment cards to its bank customers using biometric company Fingerprint Cards’ T-Shape sensor and licensing its recently-launched Biometric Software Platform for payments. Gemalto’s roughly 300 digital banking […].

Cards 170

Cards Payments Software Digital Banking 170

PYMNTS

OCTOBER 10, 2019

Today in the payments news roundup, average interest rates on credit cards are approaching record levels. Credit Card Interest Rates Rise To Near-Record Levels. Average interest rates on credit cards are coming close to record levels despite a 50-basis-point decline on a 10-year note yield. 14) in Switzerland.

Cards 109

Cards Payments Meeting Regulation 109

PYMNTS

JANUARY 22, 2020

Two major Austrian card issuers are also using the technology. We are extremely proud of our track record with Netcetera, and we look forward to collaborating on many more implementations, enabling financial services providers to meet consumer demand and their own compliance objectives quickly and painlessly.”.

Security 214

Security Payments Cards Fraud 214

PYMNTS

MARCH 1, 2019

The need to address verification challenges is growing around the world, as customers rely more on online services for ordering food and drink, leading to fierce competition among delivery services. Around the Digital Onboarding World. Take the Uber -branded delivery service, Uber Eats , which recently expanded its services in Canada.

Online 155

Online blockchain Retail Massachusetts 155

PYMNTS

JANUARY 10, 2019

Very few of the participants in the payment ecosystem are remotely ready,” he said, “and that goes for the card brands and the payment service providers.”. To get there, he said, PSPs and the card schemes can help guide merchants through new compliance territory. Delving into SCA. Looking for Exemptions.

Guidelines 173

Guidelines Compliance Fraud Cards 173

PYMNTS

SEPTEMBER 15, 2020

Making sure all the risks are covered from the perspective of an online merchant ensures there is risk diversification and makes sure that they are connected to several acquirers and banks,” explained Metodieva. That framework can be applied to merchants' payment solution providers, too. All parties in the payment ecosystem.

Payments 299

Payments Risk Management Management Compliance 299

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

PYMNTS

JULY 17, 2018

Since the migration to EMV in the largest card market in the world (the U.S. in October of 2015), the incidences of counterfeit card fraud at chip-enabled merchants have fallen sharply — some 76 percent, as reported by card networks. Once cards became significantly harder to clone, fraudsters took their bag of bad tricks online.

Cards 109

Cards Fraud Regional Training 109

Abrigo

FEBRUARY 14, 2023

Data collection requirements The CFPB 1071 rule is a top compliance concern According to a recent survey , financial institution executives’ top regulatory compliance concern is the final rule from the Consumer Financial Protection Bureau (CFPB) on data collection for small business loan applications.

Data 195

Data Lending Compliance Resources 195

PYMNTS

FEBRUARY 10, 2020

15 that hackers stole customer names, credit card numbers and other personal information. The CCPA is intended to give consumers control over their personal information online. The potential punishments for non-compliance are steep. Hackers aren’t making compliance any easier. million. “And

California 156

California Retail Compliance Data 156

CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Stripe really did come about because we were really appalled by how hard it was to charge for things online.” — John Collison.

Online 98

Online Company Retail Payments 98

PYMNTS

DECEMBER 27, 2019

Today’s corporations are happy to bid goodbye to these time-consuming, paper-based processes and turn to online, automated expense tracking products for their spend management needs. Approximately 10,000 of these cards are in circulation at Sysco as part of its spend management program, Anderson said. Expected and unexpected benefits

Management 132

Management Cards Policies Compliance 132

The Paypers

FEBRUARY 26, 2019

(The Paypers) Austreme has introduced a transaction monitoring tool called Transaction Compliance Gateway (TCG) to the online payment industry.

Compliance 28

Compliance Tools Cards Online 28

Abrigo

JULY 13, 2023

A scam usually begins with online contact via social media or dating apps. Scammers build up a victim’s trust and gain access to their online account information, sometimes “fattening the pig” by soliciting more investment in cryptocurrency before “slaughtering the pig” and stealing the cryptocurrency.

Fraud 195

Fraud cryptocurrency Training social media 195

PYMNTS

AUGUST 13, 2020

PAAY has rolled out a partner platform to let merchants and payment providers implement and track EMV 3DS, a standard that aims to help prevent unauthorized card-not-present (CNP) transactions, throughout different merchant accounts. seconds on average through EMV 3DS. Merchants pay $3.13 the prior year, by its measures. “It

Technology 248

Technology User Experience Fraud Comparison 248

Abrigo

SEPTEMBER 20, 2023

Join Abrigo for a webinar discussing risk assessments' role in compliance. 1st-party debit or credit card fraud : Card fraud causes financial institutions significant monetary losses. This abuse was frequent with the Paycheck Protection Program (PPP) set up during the Covid-19 pandemic.

Fraud 195

Fraud Trends Cards Software 195

PYMNTS

FEBRUARY 10, 2020

15 that hackers stole customer names, credit card numbers and other personal information. The CCPA is intended to give consumers control over their personal information online. The potential punishments for non-compliance are steep. Hackers aren’t making compliance any easier. million. “And

California 130

California Retail Compliance Data 130

PYMNTS

NOVEMBER 10, 2020

Most online merchants rely solely on SSL/TLS to encrypt the data being sent from their websites. Further, online sellers have been tackling chargeback fraud, which could account for about 86 percent of all chargebacks. This leaves payment data vulnerable while inside the web page before it is transmitted. also known as 3DS 2.0

Security 233

Security New York Atlanta Fraud 233

PYMNTS

DECEMBER 23, 2020

We’re all consumers of media, of content, of subscriptions — and we do it all online, which means we pay for it all online. Merchants can change on a dime, really, and go out and make an adjustment to how they're going to conduct eCommerce and accept payments either online or in the physical space," said Evans.

Company 274

Company Payments Fraud Online 274

PYMNTS

AUGUST 9, 2019

Many European merchants are grappling with unanswered questions regarding PSD2 Strong Customer Authentication (SCA) compliance, even with the regulation’s implementation nearly a month away. This merchant-acquirer relationship is only going to become more important for online retailers that want to remain competitive in post-SCA Europe.

Compliance 108

Compliance Retail Cards Online 108