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. Some may see this as a no-brainer, but others might not think about AI applications outside the more common uses by banking and financial institutions. So how is AI helping risk and compliance processes?

Compliance 70

Compliance Case Study Analysis Analytics 70

PYMNTS

NOVEMBER 17, 2020

And, Amon said it is the second firm to release a "UnionPay-backed card" that is linked with a digital currency wallet in Europe, according to an announcement.

Bitcoin 159

Bitcoin Cards cryptocurrency Compliance 159

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

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

PYMNTS

JULY 31, 2019

They talked about how the payment card network is investing to help accelerate innovation in the FinTech space, and what that could mean for all of kind of companies — upstarts and relatively longer-term players alike — in the realm of digital payments. “The an effort that was already operating in Europe and Asia-Pacific. Whole Ecosystem. “If

Fintech 192

Fintech Innovation US Payments 192

FICO

FEBRUARY 16, 2022

US customers and their banks are familiar with different types of fraud including card, identity, and payment related frauds. Most respondents in the US reported that they are most worried about card fraud, having their stolen identity used to open an account, and Account Takeover (ATO) fraud.

Survey 52

Survey Fraud US Customer Experience 52

FICO

FEBRUARY 16, 2022

US customers and their banks are familiar with different types of fraud including card, identity, and payment related frauds. Most respondents in the US reported that they are most worried about card fraud, having their stolen identity used to open an account, and Account Takeover (ATO) fraud.

Survey 52

Survey Fraud US Customer Experience 52

PYMNTS

NOVEMBER 12, 2020

“Joining forces with INFORM, we help our customers speed up the adoption of strong customer authentication for safer online purchases,” Gabriele Boni, global service line cards director at SIA, said in a statement on Thursday (Nov. The initiative will be powered by INFORM’s RiskShield, an advanced risk evaluation solution.

Payments 165

Payments Compliance Fraud User Experience 165

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

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. The most commonly used physical identifiers for authentication are fingerprints and facial recognition scanning. Both Visa and Mastercard rolled out pilot biometric payment cards in 2022.

Industry 471

Industry Trends social media Payments 471

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

JULY 4, 2016

It has identified a regulation – namely the EU’s PSD2 – and created a way for banks to comply with this regulation while outsourcing the heavy lifting of that compliance to Token’s network. We may undercut payment cards and charge lower fees. Token CEO Steve Kirsch says they can help banks make money in the process.

Compliance 101

Compliance Regulation System Security 101

PYMNTS

NOVEMBER 12, 2020

“Joining forces with INFORM, we help our customers speed up the adoption of strong customer authentication for safer online purchases,” Gabriele Boni, global service line cards director at SIA, said in a statement on Thursday (Nov. The initiative will be powered by INFORM’s RiskShield, an advanced risk evaluation solution.

Payments 130

Payments Compliance Fraud User Experience 130

PYMNTS

SEPTEMBER 18, 2018

In addition, the “digital sandbox” will, in part, focus on regulatory compliance and — as is typical of such testing environments — allow an operating license to be granted in the wake of a proven business model. Announcements came Monday (Sept. Startup accelerators are in place.

Fintech 166

Fintech New York US National 166

PYMNTS

JULY 16, 2019

Banks and credit unions looking for safer and more efficient digital and mobile services for debit and credit cards can now turn to the cloud. Ondot already offers the leading card controls and alerts; cloud integration goes further with extensive access to cutting edge services.

Innovation 128

Innovation Compliance User Experience Cards 128

PYMNTS

OCTOBER 17, 2018

This forces many operations to continue using cash. GFA, however, will offer basic financial tools to these businesses, including access to online banking, checking accounts, debit cards, cash management and payroll services. The industry is looking for basic banking services,” she said.

Colorado 126

Colorado Massachusetts US Industry 126

PYMNTS

OCTOBER 20, 2016

The pre-certified payments clients enable EMV chip card acceptance in days, not months. Additional security options within Worldpay Total, including vaulting, tokenization and point-to-point encryption, reduce PCI DSS scope and help minimize compliance burden.

US 100

US United States Customer Experience Compliance 100

PYMNTS

JANUARY 9, 2019

Payment company Square , popular for its square-shaped mobile card reader, has released an in-app payments software development kit (SDK) that will give developers and sellers alike a new way to process payments. Developers can use the system as is, or customize it to match the aesthetic of their own apps.

Payments 177

Payments United States User Experience Software 177

FICO

NOVEMBER 10, 2020

I am always glad to see headlines like this one, which ran last summer in The New York Times: “ How to Reduce Credit Card Fraud.” The vast majority of the nearly 370 billion payment card transactions made globally each year are scanned by sophisticated software designed to detect fraud, in less time than a blink of the eye.

Fraud 98

Fraud Cards Analytics Mobile 98

Perficient

MARCH 7, 2021

Microsoft has also announced that later this month they will be adding markdown support in adaptive cards and the details view. Contact Center and Compliance Recording Enhancements. Compliance Recording Certification additions. But wait, there’s more! That way you can easily see if your approvals are formatted correctly!

Meeting 508

Meeting Video Compliance Operations 508

PYMNTS

OCTOBER 28, 2016

Coinsource has built an organization that’s built to scale and to do so while meeting or exceeding varying levels of compliance,” said Coinsource CEO and Cofounder Sheffield Clark. It’s clear to us that more and more people are using bitcoin as an alternative to fiat, and we want to support that movement as much as possible.”.

Bitcoin 100

Bitcoin ATM Cards Los Angeles 100

FICO

AUGUST 16, 2022

Card Skimming Fraud Grows 700+% in First Half of 2022. Credit card and debit card skimming fraud is back with a vengeance in the US, while other fraud types are seeing global growth. Card Skimming Fraud – Old Threat, New Growth. through FICO’s Card Alert Service. Darcy Sullivan. Tue, 11/10/2020 - 12:17.

Fraud 52

Fraud Cards Oakland ATM 52

The Paypers

MARCH 1, 2022

Global payment processors and card issuers Visa and Mastercard have blocked multiple Russian financial institutions from their network, in compliance with the US government sanctions imposed over the ongoing war in Ukraine.

Compliance 50

Compliance US Cards Payments 50

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 7, 2019

Now, federal law treats marijuana as a Schedule 1 drug, which holds true regardless of various state laws — and serves to keep FIs and card networks on the sidelines, rather than risk running afoul of federal law, including anti-money laundering regulations. politics and governance. “I I think there is a balance to be struck,” Durant said. “[The

Payments 213

Payments Ohio Cards Industry 213

PYMNTS

JULY 3, 2019

One of the most promising is the introduction of virtual cards in hospitals’ accounts payable departments, which connect healthcare businesses to opportunities like rebates while accelerating payments to vendors. But, he added, virtual cards are only one piece of the puzzle.

Cards 115

Cards Data Compliance Security 115

Bobsguide

JUNE 22, 2022

Interswitch, Africa’s leading integrated payments and digital commerce company, and Compass Plus Technologies, an international provider of retail banking and electronic payments software, have announced a partnership to further strengthen Interswitch’s payment card processing capacity in Africa.

Technology 78

Technology Payments Regional Cards 78

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

Independent Banker

MAY 31, 2021

When I transitioned from a community bank CEO to ICBA president and CEO, my team gave me a beautiful handmade card with notes and best wishes. To this day, the card sits on my desk. In this time of change, foundational risk and compliance knowledge will anchor your bank as you navigate new developments. What you need to know.

Course 104

Course Community Bank Community Compliance 104

FICO

JUNE 23, 2020

In this post I am discussing credit cards, but this principle is the same for all products. Data for the industry averages has been taken from the FICO Credit Card Benchmarking Service. Why Use Benchmarking Data? Supporting responses to internal compliance, auditors and financial regulators.

Management 52

Management Cards Data Strategy 52

PYMNTS

AUGUST 14, 2019

In the era of advanced AI, it also has the power to be tool across all of law enforcement; applicable to uses ranging from fighting the opioid epidemic or taking on terrorism. “In It concerns me when I hear about some compliance budgets being cut by casinos looking to trim costs and retain gamblers,” he noted.

Compliance 163

Compliance Las Vegas Mobile Data 163

PYMNTS

JANUARY 23, 2019

Swift Prepaid is also supporting Bitty’s ability to provide immediate access to cash advances that are uploaded to business debit cards. Their collaboration links Bitty to Visa Direct functionality, allowing it to brand virtual and physical prepaid and debit cards linked to a business account.

Samsung 162

Samsung New York Branding Apple 162

FICO

MARCH 18, 2020

As I recently blogged , the use of prepaid cards is growing, in forms ranging from one-time gift cards to reloadable payment mechanisms for benefit distribution. Prepaid models US Prepaid and GIM Prepaid 1.0 Studies have shown that prepaid card types are closely associated with certain transaction behavior.

Fraud 52

Fraud Cards ATM Groups 52

PYMNTS

JUNE 24, 2020

The best way to get us to pay attention might be through that little screen in the palms of our hands. The pandemic has spurred us to do just about everything through our smartphones. The carriers preload the Adfone platform onto devices or SIM cards. “We’re million seed funding round.

Mobile 201

Mobile Online Payments Video 201

PYMNTS

FEBRUARY 6, 2018

Instead, Steggall noted, those small banks have had to keep up by signing contracts with a dozen or more service providers, as they’ve sought to take emerging services like mobile check deposit, or P2P payments, core processing, card processing, check issuance or bill pay and then “bolt them on ad hoc.”.

US 100

US Digital Banking United States System 100

NCR

MAY 8, 2018

In one of the clearest examples yet of PSD2 enabling new services that could replace card transactions, Deutsche Bank has announced details of a “game-changing” payments solution for airlines. Currently, most payments between airlines and their customers are via credit and debit card. Image credit: scyther5 via iStock. .”

Cards 53

Cards Payments Fraud Regional 53

CFPB Monitor

JUNE 1, 2022

The Group was ranked in the highest tier nationally in three categories: Compliance, Litigation, and Enforcement & Investigations. According to the report, the Group is noted for its work with banks and non-banks on the full range of consumer finance regulatory matters, including credit cards, mortgage, and auto finance issues.

National 78

National Groups Regulation Compliance 78