Independent Banker

DECEMBER 31, 2022

Multiple re-presentment fees. The FDIC issued guidance about the consumer compliance risks associated with assessing NSF arising from the re-presentment of the same unpaid transaction. Debit card interchange fees and routing. The Federal Reserve Board finalized updates to the board’s rule for debit card transactions.

Compliance 100

Compliance FDIC Community Bank Community 100

PYMNTS

DECEMBER 8, 2020

3DS2) compliance. Users have to offer something they have , something they know or something they are beyond their primary account number (PAN) to prove they legitimately own an account in a card-not-present (CNP) transaction under the 3DS2 protocol. Spreedly announced Tuesday (Dec.

Compliance 140

Compliance Payments Analysis Software 140

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

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. We know the importance of cardholders’ preference for rapid self-service. Leavitt explained.

Cards 134

Cards Payments Analytics Data 134

South State Correspondent

MAY 13, 2024

With 142 presentations and panels, the content was tailored to the needs of every bank interested in payments. The major themes of fraud, artificial intelligence (AI), expansion of instant payments, open banking, and regulation were particularly relevant to your roles as executives, risk managers, compliance officers, and technology leaders.

Conference 195

Conference Payments Fraud Data 195

Perficient

NOVEMBER 22, 2023

However, in October 2023, loan payments resumed, presenting new financial challenges. 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%.

United States 221

United States Cards US Operations 221

PYMNTS

MARCH 8, 2018

and group compliance director, explained to PYMNTS how online tools can make remote identity verification even more robust than in-person processes — and also help kick cross-border payments into higher gear. “Is But entering the B2B realm is bound to present new hurdles. In a recent interview, Brion Nazzaro, the company’s U.S.

Compliance 101

Compliance Regulation Online Payments 101

Perficient

MARCH 7, 2021

With this new update, your meeting layout will auto-adjust based on who turns on their video, starts speaking, or begins to present content. Presenter Mode. With this latest update, you’ll be able to change how you and your meeting content appear to your audience when presenting. Meeting Updates. Dynamic View. Anywhere365.

Meeting 508

Meeting Video Compliance Operations 508

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

South State Correspondent

OCTOBER 26, 2023

The discussions were healthier, more compliance-focused, and with little expectations that banks were going to offer crypto to their customers any time soon. Clear introduced its reusable identity from its Sora ID acquisition and presented it at the conference for the first time to financial services companies.

Conference 221

Conference Las Vegas Fraud Case Study 221

CFPB Monitor

AUGUST 27, 2020

The CFPB has issued a new request for information about the credit card market that seeks comment on two related, but separate, reviews. The RFI includes citations to each of the CARD Act rules and further information about their content.). (The CARD Act Review. Section 610 Review. Debt relief and settlement.

Cards 78

Cards Marketing Compliance Innovation 78

PYMNTS

JANUARY 28, 2019

Will the ban on the credit card surcharge automatically lead to significantly higher prices when consumers opt for the plastic (via card or digital wallets) at the pump, at the counter … or pretty much anywhere? In New York this month, credit card surcharges got the okay. Maybe, maybe not. As Webster recounted Monday (Jan.

Cards 125

Cards New York Oklahoma Connecticut 125

CFPB Monitor

OCTOBER 17, 2022

Last week, the CFPB released its eleventh annual report to Congress on college credit card agreements. The annual report is mandated by the CARD Act. The CARD Act requires mandatory reporting to the CFPB by card issuers on agreements with institutions of higher learning or certain affiliated organizations (such as alumni associations).

Cards 78

Cards Report Regulation FDIC 78

PYMNTS

MAY 2, 2017

Credit card fraud is a fact that will likely continue to plague retailers for the foreseeable future. In Q1 of this year, there was a 200 percent increase in credit card testing, up from 2016. In Q1 of this year, there was a 200 percent increase in credit card testing, up from 2016. What happened was exactly what was expected.

Fraud 150

Fraud Data Cards Retail 150

FICO

FEBRUARY 16, 2023

For 2022, we saw a significant increase in compromised cards resulting from skimming activity. Total compromise cards were up 368% from 2021, with more than 161,000 impacted cards identified — nearly a 5x increase over 2021. Now that we have data from the entire year to review, we are seeing the alarming trend continue.

Cards 98

Cards US Data Fraud 98

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.

Technology 248

Technology User Experience Fraud Comparison 248

Perficient

FEBRUARY 12, 2021

Consider setting up a video conference with the employee’s immediate team, with a presentation that includes, Org Chart, photos, names and titles of team. Branding is part of your culture and promoting it new employees can be as simple as mailing a welcome card and swag with company logo before Day 1. Keep it simple.

Conference 340

Conference Video Branding Meeting 340

Abrigo

SEPTEMBER 20, 2023

Join Abrigo for a webinar discussing risk assessments' role in compliance. The fraudster typically attempts to siphon the funds before the check is presented for payment. 1st-party debit or credit card fraud : Card fraud causes financial institutions significant monetary losses.

Fraud 195

Fraud Trends Cards Software 195

PYMNTS

JUNE 22, 2020

Bad actors, are, increasingly, targeting online card applications, using stolen personally identifiable information to apply for credit, leveraging those ill-gotten credit lines to make fraudulent purchases. database that includes virtually all new (and past) card applications from Visa issuers. alone topped $10.2 billion last year.

Fraud 193

Fraud Cards Risk Management Customer Experience 193

PYMNTS

SEPTEMBER 30, 2020

In today’s top news in digital-first banking, global card issuing platform Marqeta debuted its Tokenization-as-a-Service (TaaS) offering, while the Bank of New York Mellon (BNY Mellon) has named a new executive for global market infrastructure. Marqeta Introduces Tokenization-as-a-Service For Card Issuers.

Marketing 130

Marketing New York Cards Conference 130

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. Looking for Exemptions.

Guidelines 173

Guidelines Compliance Fraud Cards 173

PYMNTS

MARCH 15, 2016

American Express is targeting its latest accounts payable solution toward corporate spend policy, and to help businesses remain compliant, the credit card giant is enlisting the help of SAP Ariba.

Compliance 100

Compliance Policies Operations Strategy 100

PYMNTS

APRIL 29, 2020

The volatility of cryptocurrencies and their existence in what’s often a grey area of regulatory compliance make businesses operating in this sector an unattractive target for traditional financial institutions. “It’s not only about understanding the compliance procedures of the business itself,” said Karalevi?

cryptocurrency 283

cryptocurrency Compliance Regulation Payments 283

CFPB Monitor

DECEMBER 16, 2019

federal district court seeking to invalidate the Bureau’s prepaid card rule (“Rule”). PayPal claims that these provisions do not authorize the Bureau “to mandate particular disclosure terms…or mandate the precise manner in which the terms are presented.” PayPal filed a lawsuit against the CFPB last week in the D.C.

Cards 78

Cards Regulation Compliance Payments 78

PYMNTS

MAY 5, 2017

The growth in digital payment fraud comes as activity has moved away from card-present transactions in an ecosystem protected by EMV authentication standards. Regular risk and compliance assessments are not enough for today’s clever fraudsters,” Graff said.

Cards 113

Cards Fraud Security Retail 113

CFPB Monitor

JULY 14, 2022

The Industry Letter is intended to alert institutions that the DFS “will evaluate whether Institutions are engaged in deceptive or unfair practices with respect to overdraft and NSF fees in future Consumer Compliance and Fair Lending examinations.”. Authorize positive, settle negative (APSN) transactions.

FDIC 78

FDIC Compliance Software Lending 78

PYMNTS

AUGUST 23, 2019

Corporate eCommerce card company Brex recently announced a partnership with leading SaaS eCommerce platform BigCommerce. Fraud remains an ever-present challenge, however, and marketplaces worldwide are deploying new defenses. . SWIFT: Real-Time Payments Demands Real-Time Security And Compliance.

Marketing 116

Marketing Millennials Payments Compliance 116

Abrigo

JANUARY 30, 2024

REGISTER Takeaway 1 Banking and compliance professionals rely on ThinkBIG to elevate their understanding of industry shifts and regulatory pressures. Banking and compliance professionals rely on the annual conference to elevate their understanding of industry shifts and regulatory pressures that hammer them daily.

Conference 195

Conference Arizona Phoenix Fraud 195

CFPB Monitor

FEBRUARY 5, 2019

Ballard Spahr attorneys will hold a webinar, “The Prepaid Rule Takes Effect: Considerations for Properly Implementing the CFPB’s Prepaid Accounts Rule” to discuss key compliance considerations ahead of the Prepaid Rule’s effective date. This compliance challenge will require deep familiarity with the existing Reg. to 1:00 p.m.

Compliance 60

Compliance Analysis Groups Resources 60

FICO

JUNE 21, 2021

In a year that presented fraudsters with new opportunities to exploit consumers, UK financial institutions continued to lead the charge to reduce European card fraud. In an incredibly challenging year, only five of the 18 countries analysed by FICO achieved a reduction in card fraud.

Fraud 52

Fraud Cards Study Data 52

PYMNTS

NOVEMBER 11, 2019

The company announced the launch of self-service kiosks that can collect users’ biometric and personal details to perform KYC checks on them, with the machines then issuing SIM cards and bank cards to consumers whose identities are validated. Find more on these and other recent headlines in the Tracker.

Video 161

Video Fraud Compliance Security 161

PYMNTS

FEBRUARY 13, 2019

The move targets one of the largest pain points of Know Your Customer (KYC) compliance for businesses and their financial institutions (FIs): the complexity linked to corporations that use multiple banks across multiple jurisdictions. Payments messaging firm SWIFT announced on Tuesday (Feb. It’s serious legal liability for the driver.”

Compliance 160

Compliance Regulation Charlotte Data 160

FICO

SEPTEMBER 16, 2020

While 2020 has posed new challenges in fraud, our new European Card Fraud Map shows that many countries were battling card fraud successfully last year — with the UK leading the pack. Whilst data compromises drove up card fraud in the UK in 2018, they were not at the same scale and ferocity as 2019. Card Fraud Across Europe.

Fraud 52

Fraud Cards Study System 52

PYMNTS

APRIL 18, 2019

SCA’s goals are laudable by any measure, as the requirement seeks to reduce fraud and make online card-not-present (CNP) transactions more secure. USD) are exempt, for example, as are merchants with fraud rates between one and six basis points for remote, card-based payments. A September to Remember. Those under €30 ($33.93

Fraud 148

Fraud Regulation Compliance Online 148

FICO

DECEMBER 13, 2019

We have just published our latest interactive map of European card fraud , based on data from Euromonitor International , and the results may seem confusing. Card not present (CNP) fraud continues to drive losses in the vast majority of countries, and represented about two-thirds of all card value across the region.

Fraud 52

Fraud Cards Trends Regional 52

South State Correspondent

OCTOBER 25, 2023

The process was sped up by technology and legislation in the 70’s and 80’s so checks could be scanned and presented faster, but the process remained costly. The debit card started to rise in popularity in 2004, as did an explosion of ATMs in 2005, affording the general population more access to cash.

Fraud 195

Fraud ATM Payments Management 195

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