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. Business demand for remote payment options rose quickly over lockdown, as more firms reshaped their operations to enable a dispersed workforce,” Bermingham wrote.

Payments 163

Payments Compliance Cards Security 163

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

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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

PYMNTS

OCTOBER 10, 2019

Today in the payments news roundup, average interest rates on credit cards are approaching record levels. The founding members are supposed to pay $10 million each to back the digital currency project, and in doing so, commit to Libra operations. Credit Card Interest Rates Rise To Near-Record Levels. 14) in Switzerland.

Cards 109

Cards Payments Meeting Regulation 109

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

Banking Exchange

APRIL 8, 2020

Fraudsters are posing as health officials or charity workers in order to cheat people into handing over money Risk Management Technology Customers People Mobile Online Cards Security Operational Risk Cyberfraud/ID Theft Compliance/Regulatory Feature3 Fintech Feature Financial Trends.

Risk Management 78

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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. still debating exactly where and how cannabis dispensaries can operate. Around the Digital Onboarding World. About the Tracker.

Online 155

Online blockchain Retail Massachusetts 155

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.

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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

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

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

PYMNTS

APRIL 19, 2019

The big news in B2B FinTech investment this week came from Airbnb , which is bolstering its presence in the business travel market with new funding, while corporate card startup Brex also secured a prominent debt capital investment. Lyric plans to use the investment to expand its operations as it continues to focus on regulatory compliance.

Capital 174

Capital Lending Cards cryptocurrency 174

PYMNTS

APRIL 18, 2019

The PSD2 -related regulation counts itself among a raft of those set to become law across the continent, focusing on boosting online commerce security by requiring cardholders to provide two forms of identification to verify their identities when transacting. Merchants have been sleepwalking into SCA,” Princen explained.

Fraud 148

Fraud Regulation Compliance Online 148

PYMNTS

NOVEMBER 13, 2020

Operations Dan Hicks discussed how the collaboration boosts inventory visibility, and how the technology and regulatory landscape are evolving to tackle additional friction points in B2B payments workflows. But it's not only about ensuring that invoice data is ingested into QuickBooks Online. Navigating B2B Payments Compliance.

Industry 219

Industry Payments Retail Regulation 219

PYMNTS

NOVEMBER 11, 2019

Cryptocurrency companies that previously let customers remain anonymous will have to change their tunes in some countries, as will online gambling sites that provided fast onboarding at the expense of rigorous identity verification approaches. Around The AML/KYC World. Find more on these and other recent headlines in the Tracker.

Video 161

Video Fraud Compliance Security 161

PYMNTS

JULY 15, 2020

Merchants “have had to pivot, quickly, to an online presence,” noted Bayliss. Among the biggest challenges has been compliance, as so many organizations have had to have call centers , back-end operations and fraud teams work from home. . They may test cards, or not. Lying In Wait .

Fraud 250

Fraud Course Online Data 250

PYMNTS

JANUARY 14, 2021

Today, the B2B eCommerce model has secured relatively high penetration as wholesalers embrace online platforms to display their product offerings. B2B eCommerce operations, dubbed Jewel Fleet. Among the most impactful features of this second phase of B2B eCommerce adoption is the capability to complete transactions online.

Industry 204

Industry Strategy Retail Trends 204

Banking Exchange

OCTOBER 14, 2019

Banks should not learn the wrong lessons, however Payments Technology Risk Management Financial Trends Cards Online Mobile Security Checks/Remote Deposit Capture Tech Management Operational Risk Compliance/Regulatory Cyberfraud/ID Theft Blockchain Fintech Feature Feature3.

cryptocurrency 60

cryptocurrency Company Risk Management Compliance 60

Bank Innovation

MARCH 30, 2018

Barclays customers across Europe will not be able to use their mobile banking app this weekend. The major U.K. bank said it will be switching off access to 24 million customers as the bank restructures itself as required by national regulation. These changes were established by the Bank of England in 2011, and is referred […].

Online 220

Online National Regulation Mobile 220

CFPB Monitor

APRIL 9, 2015

Yesterday, the CFPB announced that it had filed a lawsuit against “the ringleaders of a robo-call phantom debt collection operation, their companies, and their service providers.” CFPB Enforcement Debt Collection CFPB debt collection processor'

Operations 60

Operations Atlanta Fraud Compliance 60

PYMNTS

NOVEMBER 18, 2019

18), Ware2Go said its partnership with the small business online financing marketplace will allow joint merchant customers to access logistics and financing options in the same place, with offerings that include inventory financing, bank loans and commercial credit cards. In a press release issued on Monday (Nov.

Tools 109

Tools Cards Resources Compliance 109

PYMNTS

NOVEMBER 22, 2018

Chalk it up to “unviability of operations” in the wake of new regulatory guidelines, mandating upgrades that focus on the actual management of the physical cash at those machines. New rules mean new compliance activities, which, of course, mean additional compliance costs for these stakeholders — as much as $489 million.

ATM 187

ATM Payments Compliance Google 187

PYMNTS

DECEMBER 7, 2020

Revolut has launched an acquiring solution for its Revolut Business starter pack, which will allow businesses in 13 European countries to accept credit card payments online. and EEA consumer cards and a 2.8 percent fee for all other cards. The product will feature a 1.3 percent fee for U.K.

Fraud 159

Fraud Capital Regional Security 159

PYMNTS

AUGUST 24, 2018

23) said ACI will integrate its Official Payments IRS tax payment solution into SPAN’s ExpressTruckTax offering, enabling fleet managers, truckers and CPAs in the trucking industry to file taxes and pay for them using a credit or debit card. A press release issued Thursday (Aug.

Taxes 100

Taxes Payments Cards Industry 100

PYMNTS

DECEMBER 8, 2020

Plus, online lending startup SoFi is looking to go public through a SPAC. Social Finance (SoFi), a San Francisco-based online lending startup, is holding talks about selling to a blank-check acquisition company to debut on the stock market. Capital One Halts BNPL Transactions On Its Credit Cards.

San Francisco 130

San Francisco Community Bank Video Capital 130

PYMNTS

JULY 15, 2020

That’s bureaucratic code for “Regulators will be checking on ‘Know Your Patient’ (KYP) compliance in the near future.” 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. And that means communicating with those individuals who oversee the systems.”

Data 146

Data Compliance Regulation Meeting 146

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

FEBRUARY 28, 2020

One of the latest FinTech firms to do so is accounts payable (AP) automation company Centsoft , which recently announced a data integration with QuickBooks Online. ” Payments via card programs and other tools are of particular interest when banks explore data integrations with FinTech firms, he noted. B2B payments market.

Taxes 209

Taxes Data Fintech Compliance 209

PYMNTS

FEBRUARY 19, 2019

Retail figures will vary as new stores continue to come online and the marketplace continues to evolve,” the report said. As well, Canadian financial institutions still worry that dealing with cannabis operations — even though they are legal — could lead to anti-money laundering compliance issues, as is the case in the U.S.

Payments 177

Payments Cards Operations Online 177

PYMNTS

JUNE 18, 2020

Credit cards typically contain a chip or require a PIN. But this has not been true for online transactions. Meanwhile, the Financial Conduct Authority , an independent financial regulatory body in the United Kingdom, has moved its SCA compliance date to September of next year, in part, due to the mayhem caused by COVID-19. .

Groups 131

Groups Regulation Fraud Security 131

FICO

NOVEMBER 24, 2020

As many of us who have long been in the industry know, fraud remains a top challenge for debit cards. billion in gross (attempted) debit card fraud and ultimately incurred losses of over $1 billion on debit and ATM transactions; the need for an effective solution to this problem has never been greater. In 2019 issuers faced $4.2

Fraud 52

Fraud Cards ATM Case Study 52

PYMNTS

OCTOBER 21, 2019

Furthermore, according to the latest edition of PYMNTS’ PSD2 Tracker , only 40 percent of merchants operating in the European Union that are aware of SCA reported being ready by that date. The new SCA Impact Playbook explores how subscription-based merchants can prepare for SCA and manage conversion, churn and card-based risk.

Strategy 100

Strategy Compliance Fraud Payments 100

ABA Community Banking

MARCH 18, 2019

Account takeover schemes are rarely limited to physical address alone Feature Duties Compliance Risk Management AML & Fraud Risk Adjusted People Customers Online Cards Security BSA/AML Operational Risk Compliance Management Cyberfraud/ID Theft Compliance/Regulatory Feature3.

Risk Management 40

Risk Management Compliance Fraud Security 40

PYMNTS

OCTOBER 8, 2019

That challenge is undoubtedly a major headache for the companies operating in this sector, which are often small businesses. In a high-risk industry like cannabis, compliance is, unsurprisingly, the number-one focus for companies like Dama, working to provide FinServ for legal players in the space. A Shifting Regulatory Landscape.

Compliance 114

Compliance Guidelines Industry Taxes 114

PYMNTS

SEPTEMBER 25, 2017

Within the past few months , several companies have introduced solutions aimed at helping merchants either improve their existing cash flow operations or get back on track following a major disruptive event, like a hurricane. million | Number of merchant locations that accept EMV chip cards as of June, according to Visa.

Data 109

Data Payments California Mobile 109

FICO

JANUARY 22, 2021

But despite the COVID pandemic having effected massive changes in the ways consumers transact, credit card fraud is still a “thing,” and a big, ever-changing thing at that. Exactly how big credit card fraud is depends on where you look. Credit card fraud was the FTC’s second most-reported fraud type in 2019.

Fraud 52

Fraud Cards Trends Report 52

South State Correspondent

JANUARY 4, 2023

In addition, they may consider focusing on these five critical areas: Improve Operating Leverage. To improve the quality of their earnings, banks need their number one focus to be on making their operations more efficient. To the extent projects improve operating leverage and the total experience, so much the better.

Community Bank 195

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