PYMNTS

FEBRUARY 19, 2020

With speed being the most obvious value proposition of real-time payments capabilities, it’s not difficult to imagine that corporate payers would be eager to embrace faster payments functionality in their accounts payable (AP) departments. And for many firms, that’s exactly what they’re beginning to do.

Payments 287

Payments Fraud Survey Fintech 287

PYMNTS

OCTOBER 29, 2020

Digital payments have become commonplace for businesses and individuals alike, with the global payments market expected to be valued at $6.7 Along with this surge in digital payments’ volume has come a growing demand for seamless payment experiences. Hurdles Facing Business Payments. trillion by 2023.

Payments 213

Payments Fraud Meeting Security 213

PYMNTS

NOVEMBER 13, 2020

Looking at the plight of migrant workers and those working abroad during the COVID event, PYMNTS November 2020 Smarter Payments Tracker® powered by Nium notes that, “Legacy FIs can struggle to provide affordable remittance services that meet migrant workers’ needs, and their dependency on correspondent banking networks can drive up service costs.

Payments 259

Payments User Experience Meeting System 259

PYMNTS

APRIL 7, 2017

Compliance is not just about dealing with a specific corporate action or use case. When payments are involved, compliance is a way of life, as constant as the transactions themselves, and it is complex enough an activity for some firms as to demand outsourcing to experts. She noted that WePay exists “behind the scenes.…

Compliance 100

Compliance social media User Experience Fraud 100

PYMNTS

DECEMBER 8, 2017

Payment Rails is making its official step into the cross-border payments market through the launch of its application program interface (API) and payment platform, the company said Thursday (Dec. Artificial intelligence ensures regulatory compliance and fraud protection.

Payments 195

Payments UX User Experience blockchain 195

PYMNTS

FEBRUARY 28, 2019

They must also excel at securely handling payments and personal data, while recommending services at the right moment to enhance transactions along the way. Around the Payments and Platform Economy World. Airbnb on Payments, User Friction and Security Challenges in a Global Market.

Payments 183

Payments User Experience Training Case Study 183

FICO

DECEMBER 20, 2022

5 Ways Digital Payments Will Change FIs and Fraud in 2023. New digital payments channels and methods will grow next year, giving new opportunities for fraudsters and scammers. And the digital payments landscape made a global-scale impact, both positive and negative which FIs now must deal with. FICO Admin. by TJ Horan.

Fraud 52

Fraud Payments South Carolina Compliance 52

CB Insights

APRIL 13, 2022

Clients can download the full Fraud Prevention & Compliance for Payments Leaders report at the top left sidebar. The post Why payments leaders are prioritizing secure payment platforms appeared first on CB Insights Research. Want the full expert post? Become a CB Insights customer. Want the full expert post?

Security 36

Security Payments User Experience Fraud 36

CB Insights

MAY 5, 2022

Clients can download the full Fraud Prevention & Compliance for Payments Leaders report at the top left sidebar. The post Why payments leaders are prioritizing data privacy & security appeared first on CB Insights Research. Want the full expert post? Become a CB Insights customer. Want the full expert post?

Security 36

Security Data Payments User Experience 36

CB Insights

APRIL 26, 2022

Clients can download the full Fraud Prevention & Compliance for Payments Leaders report at the top left sidebar. The post Why payments leaders are prioritizing identity verification, KYC, & AML appeared first on CB Insights Research. Want the full expert post? Become a CB Insights customer.

Payments 36

Payments User Experience Fraud Compliance 36

PYMNTS

JULY 17, 2019

The second Payment Services Directive ( PSD2 ) groundwork laid out in 2016 is about to come to fruition in a few months – Sept. The deadline is looming for merchants and payments providers to comply with new requirements for authenticating online payments in Europe. 14, 2019, to be exact. For example, U.K.-based To some degree.

Retail 162

Retail User Experience Compliance Regulation 162

PYMNTS

AUGUST 13, 2019

As has been widely reported, SCA, part of the Payments Service Directive (PSD2 for short), mandates that banks and other firms must implement two-factor verification on eCommerce transactions above 30 euros. based Emerging Payments Association (EPA) published a report on the impact of SCA on the payments experience.

Compliance 172

Compliance User Experience Fraud Meeting 172

PYMNTS

JULY 23, 2020

The goal is to provide a better user experience for invoicing and a reduced risk of fraud. By using the new solution, companies will be able to scale operations to offer automated invoicing and reconciliation, global tax and regulatory compliance and better fraud controls, the release stated.

User Experience 140

User Experience Fraud Taxes Resources 140

PYMNTS

JANUARY 30, 2020

When it comes to payments in commerce, what — and who — you don’t know can hurt you. For software companies and platforms that seek to integrate payments and provide value-added services to merchants, there is the never-ending challenge of balancing trust and risk. Risks for Merchants — and Providers. Looking at the Aggregators.

Payments 143

Payments Software Management Technology 143

PYMNTS

JANUARY 30, 2019

Compliance and risk management technology provider Opus is launching a new Know Your Customer (KYC) workflow solution for banks. “We worked with them to design this new solution, pulling in advanced entity resolution and workflow capabilities into a more modern and intuitive user experience. .

Compliance 115

Compliance Risk Management Analysis User Experience 115

PYMNTS

SEPTEMBER 24, 2019

That sentiment was underscored earlier this month when South Korea said it would delist a number of altcoins from an exchange over privacy concerns – namely, the anonymous nature of the transactions are at odds with the goals of the Financial Action Task Force (FATF), which include combating money laundering and fraud.

Innovation 182

Innovation Fraud Technology Security 182

PYMNTS

NOVEMBER 19, 2019

Payments is in a state of constant change, with decision points shifting as fast as each innovation, disruption and tweak in consumer behavior. No matter what, one of the biggest challenges in crafting a successful program is dealing with compliance and regulations, Geeslin said. Near-Term Challenges. Data Control .

Cards 140

Cards Apple Data Innovation 140

PYMNTS

JUNE 27, 2017

So we also added a new focus: applying document and artificial intelligence/machine learning to develop enterprise-class solutions for identity verification in digital channels that meet the market need for a great user experience, risk mitigation and regulatory compliance. What concerns you most in the payment solutions space?

Innovation 145

Innovation System Mobile Trends 145

PYMNTS

OCTOBER 23, 2017

Oh, and security, too – but not at the expense of that frictionless user experience. The more sophisticated and mature consumer is not buying into the efficiency market,” said Todd Linden, CEO of Paysafe Payment Processing, North America. Fraud losses move around and strike in different places, but they never go away.

UX 116

UX Security User Experience Millennials 116

PYMNTS

JULY 23, 2019

It’s a process that doesn’t leave much room for interpretation — either you are compliant or you’re not — and one in which companies tend to bring in a partner who can make the process of achieving and maintaining compliance less painful. One example is the payments services provider or merchant that receives a questionable transaction.

Data 101

Data Mobile Compliance Security 101

PYMNTS

MARCH 14, 2017

As banks and payments companies endeavor to meet anti-money laundering (AML) regulations to avoid hefty fines for non-compliance, easily identifying customers in the digital channel becomes paramount to their success. Some “old school” methods that worked in the past aren’t working anymore. The Physical Side of ID Theft .

Meeting 111

Meeting Fraud Knowledge Base User Experience 111

Independent Banker

JANUARY 31, 2022

The Federal Reserve’s new payments rail launches in one year. Here’s how community bankers, payments experts and fintech vendors suggest using the time to prepare. payment system.”. The pilot experience. Photo by Traveler1116/iStock. By Colleen Morrison. The clock is ticking. Go-to-market preparations.

Community Bank 91

Community Bank Community Resources Fraud 91

PYMNTS

JULY 5, 2017

Innovation is both genesis and lifeblood for companies, especially within the payments space. We work with some of the most innovative companies in the world around payments and other technologies, enabling us to become the spear of innovation for enterprises. The payments industry is complex. PYMNTS: What keeps you up at night?

Innovation 121

Innovation Customer Experience Mobile Security 121

PYMNTS

DECEMBER 11, 2019

As the open banking business model permeates into the B2B financial services market, FinTechs and traditional financial institutions continue to find new use cases for API integrations and connectivity to elevate the business-user experience.

Fintech 132

Fintech Groups Data Strategy 132

FICO

AUGUST 27, 2020

But the move to digital channels comes with the responsibility to protect both customers and organisations from fraud. This includes application fraud – i.e. a fraudster uses a stolen or synthetic identity to open an account and account takeover fraud - where fraudsters know enough about someone to login to their accounts and take them over.

Management 52

Management Fraud Security Examples 52

FICO

MARCH 6, 2020

Visma Connect recently interviewed Jürgen Krieg, FICO's head of global compliance sales. In this excerpt from that article, Jürgen elaborates on the importance of compliance. . A partnership aimed at helping banks, payment providers and fintechs meet the ever stronger regulatory demands while reducing effort and expense. .

Compliance 81

Compliance Technology Fraud Analytics 81

PYMNTS

JUNE 10, 2016

Previously, you would have had to find a new spot that could accommodate different payment methods, usually at a premium price, but that’s all changing with parking and transit apps. According to Brad Powers, Passport’s CTO, none of it would be possible without mobile payment technology.

Mobile 100

Mobile Payments Training Wisconsin 100

PYMNTS

MAY 22, 2017

To date, more than $80,000 in bitcoin payments have been made so users could access their files again. For banks, the cost of adding friction to user experience could mean losing business to rival financial institutions, which renders two-step authentication as not a viable choice, Clarke said. s National Health Service.

Regulation 116

Regulation National Online System 116

PYMNTS

NOVEMBER 30, 2018

Understanding risk, particularly its sources and how to most effectively manage it, is one of the most fundamentally important topics in payments for those who provide services and those who use them. On one level, risk itself has not fundamentally changed in the last few decades,” Aberman explained.

Risk Management 162

Risk Management Management Payments Fraud 162

PYMNTS

SEPTEMBER 22, 2017

Among the front row seat observers in the battle for payments security is Stephen Stuut, CEO of online mobile payments and identity verification company Jumio. The second and overlooked area of innovation is in the area of user experience. What concerns you most in the payment solutions space?

Innovation 140

Innovation Knowledge Base Online Mobile 140

Fintech Labs Insights

MAY 5, 2017

. “Securing the backing from such world-class investors allows us to grow and execute faster in our mission to reinvent the world’s payment systems by providing common, secure access to all banks and a modern, bank-centric payment ecosystem,” Token founder and CEO Steve Kirsch said.

San Francisco 23

San Francisco Security User Experience California 23

PYMNTS

SEPTEMBER 29, 2020

The region’s financial institutions (FIs) and merchants have needed to work swiftly to support unprecedented levels of digital payment and shopping growth. The true change merchants are facing is not in trying to stay on top of a spike in online users. Online Payments Drive Privacy Concerns.

Payments 172

Payments Regulation Online Retail 172

PYMNTS

JULY 29, 2019

Joe Coffee relies on its payment processor, Stripe , to monitor and tackle any instances of fraud. They handle all of our [Payment Card Industry] compliance and they do fraud monitoring and everything.”. From a user experience perspective, there’s not the logging into an account every single time,” Brenden said.

Mobile 116

Mobile Fraud Security User Experience 116

William Mills

MAY 11, 2016

Credit cards offer rewards but over 60% of payments are made on debit cards. They help you focus and prioritize Accounts Receivable, based on payment histories and risk. Customers can store all of their online profiles in one secure location to improve user experience. Plus the 1% rewards. Who is the target audience?

Video 40

Video Mobile social media Analytics 40

CB Insights

MARCH 21, 2018

Policies themselves are often processed on paper contracts, which means claims and payments are error-prone and often require human supervision. These include: Fraud detection and risk prevention: By moving insurance claims onto an immutable ledger, blockchain can help eliminate common sources of fraud in the insurance industry.

blockchain 78

blockchain Fraud Policies Industry 78

PYMNTS

DECEMBER 10, 2020

As the world becomes increasingly digitized and more consumers embrace the speed and convenience of contactless purchases, Jim McCarthy , president of payment technology and innovation firm i2c , said banks have been left behind and should focus on what they do best — compliance. There’s money to be made in compliance,” he said.

Compliance 262

Compliance Innovation Apple Fintech 262

Fintech Labs Insights

MAY 18, 2017

Kim: I started my career as a Java developer at HSBC where I was responsible for optimizing the user experience for their Payments and Global Entitlements customers. From a technologist’s perspective, what’s unique and game-changing about your technology?

Management 13

Management Compliance Fraud User Experience 13