Abrigo

JULY 27, 2023

Would you like other articles on fraud and AML/CFT compliance in your inbox? Using regtech in banking With new federal regulatory and compliance challenges like the CFPB rule on the horizon, more and more community financial institutions are exploring regtech in banking and finance. What is regtech?

Technology 195

Technology Fraud Compliance Regulation 195

Abrigo

JULY 27, 2023

Would you like other articles on fraud and AML/CFT compliance in your inbox? Using regtech in banking With new federal regulatory and compliance challenges like the CFPB rule on the horizon, more and more community financial institutions are exploring regtech for banks to enhance their processes. What is regtech?

Technology 195

Technology Fraud Compliance Regulation 195

PYMNTS

DECEMBER 2, 2019

The following Deep Dive analyzes the spend management challenges these charitable and humanitarian groups face, as well as how workforce spend management and electronic procurement tools could help them more effectively manage their expenses. . Spend Control Challenges And Solutions.

Management 141

Management Taxes Groups Regulation 141

PYMNTS

JANUARY 3, 2020

In an interview with PYMNTS, Liz Armbruester, senior vice president of Global Compliance at Avalara , said 2019 represented a watershed year for tax compliance as states embraced the economic nexus model and passed marketplace facilitator laws. Even the consequences of non-compliance can be fragmented. Cross Border Complexity.

Online 132

Online Taxes Compliance Missouri 132

PYMNTS

SEPTEMBER 17, 2018

Fleet management has vast opportunities in digitization. The problem is that certain technologies struggle to gain traction within fleet operations. Worse, Teletrac Navman concluded, fleet managers’ return on investment (ROI) for the technologies they did adopt has dropped.

Compliance 139

Compliance Industry Technology Data 139

Abrigo

MAY 24, 2024

Essential components for connection include: Front-end services: Provide customers with online or app-based options to send and receive payments. Fraud detection and AML systems: Ensure these systems are integrated and operational at your institution to stay on top of financial crime. Customize your FedNow plans Customization is key.

How To 243

How To Fraud Resources Georgia 243

CFPB Monitor

MAY 23, 2019

The FDIC has announced that it has entered into a settlement of the lawsuit filed against it and the OCC in 2014 by a trade group and several payday lenders challenging “Operation Choke Point” — a federal enforcement initiative involving the FDIC, OCC and other federal agencies. In July 2017, the D.C.

FDIC 112

FDIC Operations Policies Regional 112

PYMNTS

JUNE 29, 2020

The rise of online and contactless transactions in the European Union, for example, has meant that many merchants are making the bulk of their sales away from brick-and-mortar stores. Banco de España, Spain’s central bank, granted the license, which enables RevoluPAY to operate within all 27 EU member countries.

How To 239

How To Payments Management social media 239

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. . At FICO, I am responsible for planning and implementing growth strategies to develop new markets, and the expansion of our compliance business globally.

Compliance 81

Compliance Technology Fraud Analytics 81

PYMNTS

AUGUST 20, 2019

Supply chains operate with common goals — to move goods or services from production to end user. But drill down a bit — in this case, literally — and the challenges in managing a supply chain differ across verticals. In other areas, acquisition activity means the operational landscape is changing. Europe and the Nordics.

Online 108

Online Analytics Compliance Data 108

PYMNTS

DECEMBER 29, 2020

With it, financial institutions need to strengthen their compliance to mitigate the risk of running afoul of the law. Certainly, the use and availability of cryptocurrencies is another emerging area that is contending with its own unique set of compliance issues, but it is also one Wingert said appears to be closing gaps in regulation.

Fraud 270

Fraud Compliance cryptocurrency Security 270

PYMNTS

JANUARY 19, 2021

National Australia Bank (NAB) has chosen Eedenbull to integrate its payment and spend management technology for SMB customers. NAB will add Eedenbull’s Q Business platform to its offering to help SMBs track and manage spend, as well as to automate compliance controls. National Australia Bank Chooses Eedenbull.

Fintech 341

Fintech National Groups Tools 341

PYMNTS

FEBRUARY 4, 2020

The decision opened the floodgates to legalized sports betting – both in-person and online – in the U.S. All in, counting online and in-person wagers, Super Bowl betting was worth roughly $6.8 In a microcosm of the national expansion, New Hampshire’s newly online sports gambling program raked in $2.31

Online 134

Online New Hampshire Rhode Island District of Columbia 134

PYMNTS

SEPTEMBER 15, 2020

Making sure all the risks are covered from the perspective of an online merchant ensures there is risk diversification and makes sure that they are connected to several acquirers and banks,” explained Metodieva. A Single Digital EU Market. That framework can be applied to merchants' payment solution providers, too.

Payments 299

Payments Risk Management Management Compliance 299

PYMNTS

DECEMBER 29, 2020

To serve eCommerce companies’ needs, as transactions continue to shift online, banking needs to go digital, too. Those numbers allow payments to be routed to regular bank accounts, but with platforms such as on offer by Monneo give online enterprises a single access point to obtain IBANs on offer from a collection of European banks.

Digital Banking 289

Digital Banking Compliance Online Payments 289

PYMNTS

JULY 12, 2018

New York’s Department of Financial Services is recommending that online lenders are subjected to the same scrutiny and regulations that traditional banks face. Cuomo on June 1, 2017, required DFS to study online lending in New York State and submit a report of its findings. A bill signed by Governor Andrew M. Superintendent Maria T.

Online 100

Online New York Lending Regulation 100

PYMNTS

JANUARY 19, 2021

But reaching a broader range of consumers, accommodating their payment preferences, and satisfying regulatory and tax issues in unfamiliar territory introduces a host of new operational challenges for these companies. With so many retail stores closing, they need to be able to provide a way to sell D2C wherever those consumers are online.”.

Branding 322

Branding Taxes Fraud Regulation 322

PYMNTS

AUGUST 20, 2019

Middle market companies need help navigating the complexities of accounts payable management, especially when it comes to cross-border, cross-currency payments. That’s especially important as businesses gain scale, as they expand reach into new geographic areas — and as they grapple with AP operations.

Management 127

Management Payments Taxes Software 127

PYMNTS

NOVEMBER 6, 2020

As eCommerce and B2B payments expand across borders, time zones and currencies, virtual international bank account numbers (IBANS) can pave the way for firms to capture online sales efficiently — and bypass the frictions of traditional banking relationships. .

Payments 246

Payments Compliance Operations Resources 246

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. Those read most often in the past year include several that offer practical advice for operating AML and fraud programs.

Fraud 221

Fraud Training Compliance Trends 221

PYMNTS

MARCH 20, 2019

News came last week that the Canadian FinTech Central 1 had linked its credit union customers to a single digital platform that combines small business online invoicing solutions with its Request Money tool – a move that focuses on streamlining the accounts receivable process. desktops and laptops can break).

Management 139

Management Online Fintech Payments 139

PYMNTS

JUNE 26, 2020

The pandemic has the potential to change the way any number of business verticals operate — especially industries like real estate, which typically have been based on in-person meetings and tours between property owners or real estate agents and would-be renters or homebuyers. That model may be ripe for change in the age of social distancing.

Operations 278

Operations Tools Security Management 278

PYMNTS

JANUARY 24, 2021

One facet of helping with compliance is the automatic recording of journal entries. India uses its Invoice Registration Portal to track business activity and ensure compliance with tax laws. Cygnet FACE will help [small- to medium-sized businesses (SMBs)] get ready for eInvoicing and support their tax compliance needs.

Taxes 178

Taxes Compliance Software Fraud 178

Perficient

MARCH 17, 2023

This provides near real-time visibility into operations events as well giving the ability to take action earlier. It also highlighted how blockchain supports Supply Management by supporting parties while conducting transactions with each other through improved security, contract compliance, and cost reduction.

blockchain 275

blockchain Management Data Security 275

PYMNTS

OCTOBER 6, 2020

Lilia Metodieva , managing director at Monneo , told PYMNTS platforms that link solution providers, partners, banks and merchants together can help speed that pivot toward eCommerce with agility as consumer buying patterns remain fluid — and digital. In Europe, the great digital shift is spurring traditional banks to play a bit of catch-up.

Compliance 236

Compliance Online User Experience Payments 236

Banking Exchange

FEBRUARY 26, 2020

Online payment fraud could cost companies more than $200 billion over four years, finds Juniper Research Risk Management Technology AML & Fraud Cyberfraud/ID Theft Compliance/Regulatory Operational Risk Big Data Security Online Cards BSA/AML Feature3 Feature Financial Research Payments.

Fraud 97

Fraud Big Data Risk Management Compliance 97

PYMNTS

JUNE 19, 2020

Merchants looking to expand their operations at home and abroad must be able to support their customers’ preferred payment methods, but doing so is no easy feat. There are ways to effectively manage these logistical issues, however. eBay On The Importance Of Streamlining International Payments Operations.

Payments 188

Payments Compliance Resources Fraud 188

PYMNTS

AUGUST 17, 2018

The more bots make their way into the accounting department, the more concerns arise about jobs, compliance, trust and other industry-unknowns. Ty told PYMNTS that he doesn’t believe this is true, and, instead, bots like Alan can support professionals’ existing operations. “This is such new territory for everyone.”

Compliance 110

Compliance Regulation Tools Industry 110

CFPB Monitor

SEPTEMBER 8, 2022

This approach is expected to enable a clearer focus by the OCC on risks and risk management expectations. He advised banks to closely monitor risk and compliance in these partnerships. Mr. Hsu also raised concerns about unknown risks or “nasty surprises” arising out of bank-fintech arrangements.

Fintech 146

Fintech Risk Management Conference Lending 146

Abrigo

JULY 15, 2015

The transition from compliance to consulting makes sense: tax season is just that, a “season,” and nearly 60 percent of respondents to a Sageworks survey indicated they saw an increase in total revenue by adding financial services to their accounting practice.

Management 150

Management Resources Capital Taxes 150

Banking Exchange

MARCH 23, 2021

Payment disputes related to friendly fraud are expected to soar this holiday season due to the pandemic-fueled surge in e-commerce Risk Management Cyberfraud/ID Theft Consumer Compliance Operational Risk Security Online Payments Feature Feature3.

Fraud 78

Fraud Risk Management Compliance Security 78

PYMNTS

DECEMBER 14, 2020

An Amazon representative said, per the report, “We continuously update our privacy practices to ensure that we meet the evolving needs and expectations of customers and regulators and fully comply with all applicable laws in every country in which we operate.”. Facebook and Google Could Face Large Fines With Potential Australian Legislation.

Google 132

Google social media Compliance Regulation 132

PYMNTS

SEPTEMBER 24, 2019

consumers are expected to be shopping online by 2021. The ruling meant that online retailers could be mandated to collect sales tax — and taxes can be levied by states on firms that do not have physical presence in those states. The costs of compliance — both in terms of administration and financial penalties — can mount.

Taxes 116

Taxes Retail Online South Dakota 116

Banking Exchange

APRIL 8, 2020

Fraudsters are posing as health officials or charity workers in order to cheat people into handing over money Risk Management Technology Customers People Mobile Online Cards Security Operational Risk Cyberfraud/ID Theft Compliance/Regulatory Feature3 Fintech Feature Financial Trends.

Risk Management 78

Risk Management Compliance Trends Fintech 78

PYMNTS

DECEMBER 7, 2020

Business demand for remote payment options rose quickly over lockdown, as more firms reshaped their operations to enable a dispersed workforce,” Bermingham wrote. 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

PYMNTS

OCTOBER 19, 2020

Sudheera Vanguri , product manager lead at Google, said in a b log post on Monday (Oct. In this industry, borrowers and lenders have high expectations; they want a mortgage document processing solution catered to improving operational efficiency, while ensuring speed and data accuracy. “In billion.

Google 264

Google Tools Lending Industry 264

PYMNTS

FEBRUARY 12, 2019

MoneyGram largely missed Wall Street estimates — at least in terms of headline numbers, amid results that showed continued headwinds of compliance efforts. During the call, management pointed out that online transactions grew by 37 percent. contributed to a 7 percent decrease in online revenue.

Compliance 183

Compliance Online Management Conference 183