PYMNTS

NOVEMBER 19, 2019

Among the biggest debates is how to construct and operate the best card program possible – a decision that served as the foundation for a new PYMNTS interview with Jim Geeslin, head of strategy for Elan Financial Services , an agent credit card issuer. Do FIs want to navigate card programs through that?”.

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Cards Apple Data Innovation 140

PYMNTS

JANUARY 22, 2020

Commercial cards remain only a fraction of the B2B payments space, but FinTech firms, banks and other financial service providers continue to develop new solutions aimed at boosting adoption. For companies like SmartEquip and Unified Payments Group , that means introducing new ways to lift the burden of suppliers accepting cards.

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Cards New York Lending Strategy 131

PYMNTS

OCTOBER 30, 2020

Compliance with oversight laws, especially those involving anti-money laundering (AML) or know-your-customer (KYC) regulations, is a perennial struggle for FIs of all sizes. Most customers bypass dealing with merchants entirely when trying to stage chargeback fraud, with 76 percent of cardholders going directly to the payment card issuer.

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Operations Payments Compliance System 228

PYMNTS

MARCH 25, 2020

As commercial card innovation expands, service providers continue to target particular pain points for their business cardholders. Together, the companies are rolling out an offering that arms SMBs with commercial cards without the need for a personal guarantee, according to a press release. Archa Collabs With i2c in Australia.

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Cards Innovation Regulation Video 115

Abrigo

JUNE 4, 2024

Navigating credit quality, compliance, and technology integration The ThinkBIG conference hosted by Abrigo fosters networking and professional development for bankers. Compliance, technology integration, and attracting younger customers were among the panel’s chief concerns.

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Compliance Community Bank Community Conference 222

Abrigo

JANUARY 22, 2024

Takeaway 2 Examiners' focus is on risk management related to products and services , especially those involving complex technologies like AI. Historically, the operational functions of fraud and AML/CFT have remained wholly or partially siloed. S tay one step ahead of fraudsters by investing in a fraud detection solution.

Fraud 222

Fraud Training Risk Management Software 222

Insights on Business

APRIL 21, 2017

Quite the contrary, the industry had to adapt to an onslaught of new regulations in the aftermath of the Global Financial Crisis. A decade later, it may have to adapt to the dismantling of those same regulations but remain keyed up for the not-unrealistic possibility of another regulatory assault in a few years.

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Technology Compliance Regulation Training 156

PYMNTS

DECEMBER 17, 2019

One study determined that roughly one-third of consumers have been victimized by fraud, leading them to contact their financial institutions (FIs) to change login credentials, cancel credit cards and guard against suspicious transactions. The Technology Gap That Fosters Fraudsters. FIs around the globe are also grappling with faster.

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Technology Fraud Data Security 142

PYMNTS

MAY 25, 2018

But some borrowers have now become burdened with debt after taking out high-interest rate loans from lenders that use the same technology — a problem that has come to the attention of the Kenyan government, Reuters reported. “We Suri told the paper the kiosks act as debit cards.

Regulation 101

Regulation Lending Mobile Course 101

PYMNTS

OCTOBER 11, 2020

The deal will see Paynetics work with corporate customers, who have previously relied on Wirecard for card issuing and payment services, to adopt Paynetics for the continuation of their existing card programs,” the announcement states. Terms were not disclosed in the announcement. and European markets.”.

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Operations Cards Software Technology 264

PYMNTS

JUNE 28, 2019

credit card business, mobile-first company Jaja will pay an initial cash consideration of $671 million at current rates. The FinTech firm will also serve as the consumer credit card issuer for the AA and the bank’s U.K. s Automobile Association and a Bank of Ireland branded card. (It To acquire the Bank of Ireland’s U.K.

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Cards Charlotte Fintech Innovation 100

PYMNTS

FEBRUARY 5, 2018

Last month, Canada’s Competition Bureau released its final study on tech-led innovation in FinTech, offering regulators some thoughts on competition in the payments sphere, along with suggestions on where the competitive landscape could be improved. If Starbucks goes under, the individual has lost the $20 they have put on the card.

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Regulation Bitcoin Innovation Study 103

Abrigo

MAY 8, 2024

WATCH Takeaway 1 Understanding generative AI and how peers are using AI and genAI helps financial institution leaders and management vet the technology and related risks. Takeaway 3 Regulators are closely watching expanded uses of AI and generative artificial intelligence. Nevertheless, understanding the technology is crucial.

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Examples Fraud Resources Risk Management 222

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. They are also in flux thanks to regulation.

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Cards Analysis Data Compliance 108

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.

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Conference Payments Fraud Data 195

PYMNTS

JULY 30, 2019

Such tools are no longer at the far reaches of the universe, and today’s technologies would make the Enterprise’s crew feel right at home. Wingstop, a fast-casual buffalo wings chain with 1,031 locations worldwide, tends to be an early adopter for new technologies. Orderscape is also working on voice-activated ordering technologies.

Technology 119

Technology Mobile Google Software 119

Abrigo

DECEMBER 22, 2023

Abrigo, a leading technology provider of software solutions for financial institutions, published more than 30 risk management articles on its industry-focused blog in 2023. Abrigo's most popular financial crime blogs over the last 12 months cover topics that continue to catch the attention of professionals and regulators.

Fraud 222

Fraud Training Compliance Trends 222

PYMNTS

SEPTEMBER 15, 2020

This is a great risk because if you don’t have the proper banking tools to get your funds to maintain your business operations, it can be very dangerous for business.”. To me, it all comes down to technology and simplifying that technology so it can be used in a very straightforward manner.”.

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Payments Risk Management Management Compliance 299

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. ius noted, this is often because the heart of the cryptocurrency industry is often at odds with the nuances of regulation.

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cryptocurrency Compliance Regulation Payments 283

PYMNTS

MARCH 8, 2019

Consumers in the European Union (EU) are adjusting to Payments Service Directive 2 (PSD2) and General Data Protection Regulation (GDPR), even though these regulations focus on bringing greater trust through transparency. At the same time, new technologies such as biometrics are emerging in the fight against fraud.

ATM 189

ATM Regulation Fraud Data 189

PYMNTS

AUGUST 3, 2018

The fact that there are no regulations that require them to do so means it pushes eInvoicing lower on the to-do list,” King told PYMNTS in a recent interview. Take credit cards, for instance. While card payments are a popular way to pay digital invoices in the U.S., “Having all of this data is benefitting companies.

Regulation 101

Regulation Data America Payments 101

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.

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Cards New York Oklahoma Connecticut 125

PYMNTS

NOVEMBER 13, 2020

But in the alcohol beverage arena, unique regulations — many of which date back to the era of prohibition — have added an extra layer of complexity to the supply chain. In an effort to overcome this point of friction, alcohol industry solutions provider Fintech and eInvoicing technology firm AccountsFlow recently announced a partnership.

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Industry Payments Retail Regulation 219

PYMNTS

DECEMBER 10, 2018

In the press release announcing the new feature, Walmart noted that customers can pay via cash, check, credit card or Walmart Pay. The retailer said at the time that “associates will help customers pay and go by simply swiping their credit card and providing them with a paper or electronic receipt for their purchase.”

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Cards Data Seattle San Francisco 134

PYMNTS

NOVEMBER 12, 2020

urged antitrust regulators to act fast in enforcement toward Google. The funding is being earmarked to launch credit cards-as-a-service in the U.S. as well as 21 European Union (EU) countries — sent a letter to antitrust regulators asking that they throw the book at Google as fast as possible.

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Google Payments Regulation Branding 193

PYMNTS

APRIL 30, 2020

The COVID-19 pandemic has caused an impact on open banking developments worldwide as regulators, financial institutions (FIs) and businesses set their sights on helping their current customers rather than future innovations. where regulators have been workshopping potential rules for several years. Seventy percent of U.S.

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Regulation Regional Data United States 188

PYMNTS

SEPTEMBER 2, 2019

For B2B payments, this summer was a season of technological progress. Both buyers and suppliers say they are looking forward to adopting technology that can tackle their biggest accounts payable (AP) and accounts receivable pain points, with PYMNTS’ July Payables Friction Playbook , a collaboration with Corcentric, finding that 42.6

Payments 186

Payments Cards Tools Technology 186

PYMNTS

JUNE 29, 2020

s Financial Conduct Authority (FCA) mandated that Wirecard ’s British Wirecard Card Solutions unit stop conducting regulated work, a number of consumers in the U.K. digital banking apps such as Anna, Curve, U Account and Pockit since they depend upon the technology of Wirecard to handle payment processing, per the CNBC report.

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Digital Banking Cards Regulation Payments 150

PYMNTS

SEPTEMBER 26, 2016

The high fees charged by private firms that are hired by the courts to operate e-filing systems and that are often passed onto consumers who pay with a credit card have been capped by a bill approved by California Governor Jerry Brown on Sept. Convenience fees charged by Tyler range from 2.75 percent to 3.5

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California Cards Sacramento Texas 100

Abrigo

JULY 13, 2023

Crafty scammers exploit weaknesses in fraud and anti-money laundering (AML) compliance programs such as outdated technology, human error, or inadequate monitoring systems. Massive financial losses can destabilize their operations, impact profitability, and harm their reputation. The consequences can be dire for financial institutions.

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Fraud cryptocurrency Training social media 195

Chris Skinner

MARCH 23, 2017

We may describe Turkish banking sector as strong, innovative, modern and well-regulated. Banks in Turkey have been highly enthusiastic about using new technologies to reach and engage with their customers. They are also very successful in adopting and launching innovative technologies for the first time in the world.

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Innovation Cards Trends System 196

Bank Innovation

MARCH 10, 2016

Is there a way to prevent regulators from derailing a bank’s fintech initiatives? Jill Castilla, president and CEO of Citizens Bank of Edmond, located in Edmond, Okla., says there is.

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Regulation Fintech Community Strategy 150

PYMNTS

AUGUST 14, 2019

Grovara, a technology company that operates a B2B platform to streamline global trade for U.S. ” Grovara’s B2B platform provides automated solutions for cross-border exporters, connecting businesses with overseas retail buyers and data technologies to streamline operations. In a press release on Tuesday (Aug.

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Cards Operations Payments Technology 128

South State Correspondent

OCTOBER 26, 2023

As can be seen, the conference largely revolved around payments, artificial intelligence, fintech partnerships/management, regulation, and fraud/identity in its various forms. This will present some customer experience and technological hurdles for many financial institutions.

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Conference Las Vegas Fraud Case Study 221

PYMNTS

NOVEMBER 24, 2020

Now we have a couple of dozen neobanks doing the same thing, calling a prepaid card a neo bank account,” he said, warning that in the same way that subtleties between prepaid and debit were misunderstood, so are the nuances between debit and credit. The same thing is happening with credit. All About Mobile.

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Mobile social media Fintech Innovation 310

PYMNTS

JANUARY 14, 2020

Cohen pointed to regulations like PCI-DSS, developed by the Payment Card Industry Security Standards Council for merchants that accept in-person and digital payments to safeguard the data of their customers and payment cards, as well as GDPR (General Data Protection Regulation) in Europe.

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User Experience Security Payments Compliance 253

PYMNTS

JUNE 18, 2020

The technology lets users move money sans routing, banking account or credit card number. VMware Head of Cybersecurity Strategy Tom Kellermann said that extremist groups, beyond organized crime, are known to harness alternative payments infrastructure to fundraise and for “operational purposes.”

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Bitcoin blockchain Payments Risk Management 141