PYMNTS

JULY 30, 2019

Blockchain-based payment system PumaPay has announced the launch of a new cryptobilling solution which has secured PCI (payment card industry) compliance. PullPayment Protocol will enable multiple payment scenarios and all the familiar billing methodologies used with credit cards.

Compliance 123

Compliance blockchain System Mobile 123

PYMNTS

SEPTEMBER 16, 2019

Despite announcements last month that the deadline for Strong Customer Authentication (SCA) compliance will be extended , the original proposed deadline approaches next week. The potential cost for non-compliance is huge. Frankly, they’ve gotten on board the SCA card payments Titanic,” he said. Previous efforts for the U.S.

Compliance 130

Compliance Guidelines Regulation National 130

Abrigo

AUGUST 19, 2020

In an economic and regulatory environment where compliance resources and budgets are stretched thin even without a global pandemic, the decision of where to use valuable resources should be risk-based and supported by your BSA risk assessment. How can your transaction monitoring system detect trending COVID-19 related fraud?

Fraud 195

Fraud System Trends Software 195

PYMNTS

NOVEMBER 9, 2016

Any organization, small or large, private or public, must handle the pressures of compliance. “But we are seeing a move toward electronic funds transfers, toward stored value card payments and toward outsourcing that process altogether.” Sure, a paper check can get money to where it needs to go.

Compliance 174

Compliance Resources Data Management 174

Abrigo

AUGUST 19, 2020

In an economic and regulatory environment where compliance resources and budgets are stretched thin even without a global pandemic, the decision of where to use valuable resources should be risk-based and supported by your BSA risk assessment. How can your transaction monitoring system detect trending COVID-19 related fraud?

Fraud 195

Fraud System Trends Software 195

PYMNTS

MAY 31, 2017

In a press release, the credit card company said that with the upgrade, financial institutions and merchants would be better able to authenticate consumers and reduce fraud on transactions made via a mobile or desktop browser, app or connected devices. As part of the upgrade, Visa said it was enhancing its systems to support 3-D Secure 2.0,

Security 192

Security System Fraud Tools 192

PYMNTS

JANUARY 13, 2020

In order to enhance and ensure security and safety for all stakeholders — including, most critically, customers — the Reserve Bank of India ( RBI ) last Friday modified the penalties for payment system operators who do not follow regulatory requirements.

Compliance 130

Compliance System Security Payments 130

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. The following Deep Dive explores the various hurdles that payments face as well as how automation and cloud-based systems can help FIs overcome them. Automating Compliance.

Operations 228

Operations Payments Compliance System 228

PYMNTS

JANUARY 26, 2017

Mastercard is teaming up with Oversight Systems to help government agencies detect payment fraud, according to a new announcement. The credit card conglomerate said Wednesday (Jan. 25) that it will collaborate with Oversight Systems to offer government agencies their collective data analytics and fraud detection solutions.

System 100

System Fraud Payments Analytics 100

Perficient

FEBRUARY 1, 2021

In today’s blog, we’ll discuss some of the latest and greatest features around Teams collaboration, meetings, calling, and security/compliance! Security and Compliance Updates. Adaptive Card Compliance Capabilities. The following compliance capabilities are now generally available: Legal hold.

Meeting 322

Meeting Compliance Cards Security 322

Abrigo

SEPTEMBER 7, 2023

Don’t ignore warnings and exceptions generated from the ACH system. If ACH system alerts are not being reviewed in a timely manner, speak up. In this case, the ACH system generated both exceptions and warnings with the former being the most serious and requiring manual intervention. Optimize your monitoring system.

Fraud 221

Fraud Training System Trends 221

PYMNTS

NOVEMBER 18, 2020

The patient, McCarthy noted, has become the largest payor in the entire healthcare system. And the trajectory of the situation is getting worse before it gets better, as the masses of patients who have put off medical care during the pandemic begin flooding back into the system, McCarthy said. Capturing Card-Based Healthcare Potential.

Meeting 312

Meeting Payments Cards System 312

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

JANUARY 2, 2020

50 crores (about $7 million) will have to offer customers electronic payment modes like debit cards, powered by RuPay, according to a report by LiveMint. . The fine for non-compliance is going to be ?5,000 The finance ministry in India passed a new regulation saying that companies with sales of more than ?50

Cards 130

Cards blockchain Cyber Security Retail 130

PYMNTS

OCTOBER 5, 2020

Cybercriminals deploy a variety of tactics to process their ill-gotten gains, ranging from techniques as basic as exchanging gift cards to ones as advanced as setting up fake eCommerce storefronts.

Online 141

Online Compliance Report Study 141

Perficient

FEBRUARY 2, 2023

A biometric payment is a point-of-sale technology that authenticates payments by pairing a payment card with a physical identifier of the cardholder. Both Visa and Mastercard rolled out pilot biometric payment cards in 2022. To use this offering, cardholders enrolled a fingerprint to have securely stored on their card.

Industry 471

Industry Trends social media Payments 471

Abrigo

SEPTEMBER 20, 2023

Compliance is not a one-size-fits-all approach; your monitoring system shouldn’t be different. An all-in-one solution may sound nice, but don’t you want your system to be tailored, specifically, to what you will be using and not what your vendor wants to sell to you? Determine the features you need.

Software 195

Software Fraud Training Regulation 195

PYMNTS

DECEMBER 30, 2019

Ironing out companies’ existing expense reporting kinks is, thus, crucial for firms worldwide, but they must first examine how reimbursement frustrations are impacting their employees before they can upgrade their systems accordingly. Expense Delays Can Seriously Stall Revenue . The Need For Employee Education .

System 131

System Report Management Tools 131

PYMNTS

APRIL 13, 2017

But the company also knew that in order to provide the best security and best customer experience simultaneously, it would need to exceed the Payment Card Industry (PCI) Security Standards Council standards. With the primary goals of finding a solution with ease of integration, compliance tracking and quality monitoring control, WOW!

Meeting 101

Meeting Compliance Security System 101

PYMNTS

JANUARY 20, 2017

Corporate payments firm AirPlus has just expanded its commercial card capabilities through a new acquisition. 19) said AirPlus International reached a deal to acquire corporate card issuer BCC Corporate, based in Belgium, which the firms expect to complete in the second quarter of the year. Reports Thursday (Jan.

Cards 100

Cards Regulation Compliance Payments 100

Insights on Business

JUNE 28, 2018

A recent explosion of AI applications is taking place in financial institutions, particularly in the area of risk and compliance. So how is AI helping risk and compliance processes? Risk and compliance departments suffer from massive data loads and exhausting regulatory requirements. That still sounds complicated, doesn’t it?

Compliance 70

Compliance Case Study Analysis Analytics 70

South State Correspondent

MAY 13, 2024

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. More states require greater disclosure and control over what banks and card processors can charge.

Conference 195

Conference Payments Fraud Data 195

PYMNTS

JUNE 2, 2020

The system is designed to knock back chargebacks, decrease false positives and manual reviews while keeping customers fully compliant with SCA regulations. The system is also built to massively scale, as Barclaycard processes almost 40 percent of all U.K. card transactions.

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

JULY 27, 2023

Mastercard has told payment processors and banks to stop allowing marijuana transactions on debit cards, in a blow to the struggling cannabis industry and a boon to transparency in the banking system.

Cards 66

Cards System Industry Payments 66

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

CFPB Monitor

DECEMBER 15, 2016

The CFPB released its annual report on college credit card agreements (the fifth issued by the CFPB), together with a compliance bulletin regarding the obligation of colleges and universities under the CARD Act to publicly disclose their credit card marketing agreements. Culhane, Jr. Annual Report.

Compliance 60

Compliance Cards Report Marketing 60

South State Correspondent

JUNE 27, 2023

You can survive as long as you use the same ecosystem, such as your core system and digital banking platform. ” Each of these models is developed using a specific methodology to ensure consistency and interoperability between the messages and the systems that use them. Bank data is much the same.

System 195

System Data Examples Payments 195

Celent Banking

JUNE 12, 2017

Eighty years ago a group of major airlines implemented the first commercial cards. Since then, cards have evolved from addressing expenses for travelling employees to eliminating friction across the business-to-business (B2B) financial supply chain.

Cards 100

Cards Payments Capital Analytics 100

PYMNTS

JULY 22, 2020

TradeCore’s aim is to handle and accelerate the back-end processes and technological integrations, such as regulation compliance, so the emerging FinTech can focus on growing its business. For too long FinTechs have faced too many barriers to market in the form of regulation, compliance or costly processes to reach the market,” Pajkovic said.

Fintech 130

Fintech Compliance Regulation cryptocurrency 130

CFPB Monitor

AUGUST 10, 2020

The CFPB recently announced that it has issued a Compliance Assistance Statement of Terms Template (“CAST Template”) through its Compliance Assistance Sandbox Policy (“CAS Policy”) after receiving an application from Build Commonwealth, Inc. Commonwealth”).

Policies 78

Policies Compliance Regulation Groups 78

PYMNTS

JULY 26, 2017

Credit card processor Total System Services reported results Tuesday after the markets closed that topped Wall Street expectations. Sales came in at $1.2 billion, up from $1.1 billion last year, driving earnings to an adjusted 85 cents a share compared to the 80 cents expected by the Street and up from 73 cents a share last year.

Cards 100

Cards America Compliance Operations 100

PYMNTS

JUNE 18, 2020

Members of the newly-formed Open Payments Coalition, which include GoPay, Ripple, Blockchain.com, BitPay, Brave, Flutterwave, and Mercy Corps, say the newly minted PayID will enable customers to send and receive money across any of their payment networks without the hassle of dealing with credit card or bank routing numbers.

Payments 247

Payments Compliance Regulation Groups 247

PYMNTS

JANUARY 22, 2020

The company recently announced that the software company Netcetera implemented the authentication system for Bank-Verlag, a company that makes and provides secure services for Germany’s banks. Two major Austrian card issuers are also using the technology.

Security 214

Security Payments Cards Fraud 214

NCR

DECEMBER 11, 2017

From the banks’ perspective, they must have robust systems in place to proactively tackle fraud before transactions can take place, as well as ensuring customer data is protected from potential breaches. Lack of compliance a common problem. Overall, companies demonstrated lower compliance in 10 of the 12 key PCI DSS requirements.

Compliance 72

Compliance Data Fraud Security 72

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

Gonzobanker

JUNE 18, 2019

Welcome to the sleepy world of core banking systems. The banking industry has become accustomed to baby steps in core systems development, with a truly new product rolling out only once every few years. However, a new era of core systems competition is about to begin with almost everything on the table for change.

System 87

System Strategy Technology Industry 87