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Alan Lin, APAC Head of Payments and Commerce Solutions at J.P. Morgan, shares insights on combatting fraud in payments, emphasising the significance of KYC and KYB practices, and more.
fraud prevention, online banking, tokenization, KYC, digital onboarding, scam
The government of Venezuela has ended the Petro (PTR) cryptocurrency, founded in 2018 to support the nation’s currency due to an overwhelming economic crisis.
cryptocurrency, cryptocurrency exchange, financial sanctions, digital assets
US-based embedded financial solutions provider Cross River has partnered with Plaid to offer multi-rail payment solutions to US businesses.
real-time payments, partnership, product launch, embedded finance
With fraudsters exploiting cracks in the security of money movement, Michael Ramsbacker, Chief Product Officer, Trulioo presents 3 key strategies to stay ahead of payments fraud.
payments , fraud prevention, identity verification, transactions , digital identity, data, transaction monitoring, risk management, KYC, AML
The Central Bank of Japan has made changes to its monetary easing programme, move that saw the yen strengthen against the dollar and prompted falls on Tokyo bourses.
regulation, central bank, inflation, online payments
TreviPay, a business-to-business (B2B) payments and invoicing network, has partnered with BlueSnap, a payment orchestration technology company.
partnership, B2B payments, e-invoicing, payments orchestration, ecommerce
The Association for Financial Professionals (AFP) has conducted a survey on US-based professionals regarding their payments processes and revealed that 92% of organisations still use paper checks.
survey, online payments, direct carrier billing, digital payments, digitalisation
Sue Dean, Head of Payments Solutions for Commercial Banking at J.P. Morgan, and Alec Grant, Head of Client Fraud Prevention for Commercial Banking at J.P. Morgan discuss about why fraud attacks can lead to potentially devastating financial losses and methods that protect businesses from fraud
payment fraud, pandemic, scam, ecommerce, online banking
Apple has prolonged its assistance programme that allowed Apple Card holders to skip their March payment without accruing interest into April 2020.
Apple, Apple Card, credit card fees, cards, payments , online payments, COVID-19, coronavirus, loyalty programme
Business Email Compromise (BEC) has become an increasingly sophisticated and elusive fraud tactic, according to a new report from GIACT.
business email compromise, BEC, social engineering, malware, fraud detection, account takeover, survey
Bank of France has announced plans to test central bank-issued digital currency in 2020, according to news site AFP.
Bank of France, digital currency, crytptocurrency, digitalisation, payments , innovation, central bank digital currency, CBDC, France
Twenty European banks are working on setting up a pan-European payment system to bypass Visa, Mastercard and technology companies such as Google and PayPal, confirmed to AFP sources involved in this project.
Europe, banks, payments , Pan European Payment System Initiative, PEPSI
US-based consultancy Mercator Advisory Group has launched a report indicating that paper checks are still dominating B2B payments in the US.
Mercator Advisory Group, report, study, B2B payments, checks, digital transformation, US, North America, paper check, digitalisation, payments
CellPoint Mobile has announced that it will integrate Apple Pay, Google Pay, MasterPass, and Visa Checkout for Viva Air.
CellPoint Mobile, Viva Air, Apple Pay, Google Pay, mobile payments, LATAM, MasterPass, Visa Checkout
An AFP research has revealed that a record 82% of organizations reported payment fraud incidents in 2018.
JP Morgan, survey, report, AFP, payment fraud, business email compromise
Business-to-business payment fraud has been increasing, with accounts payable fraud on the rise, according to Association for Financial Professionals (AFP) reports.
Association for Financial Professionals, AFP, fraud prevention, accounts payable fraud, study, banks, invoices
Visa and Billtrust have joined forces to develop Billtrust’s Business Payments Network (BPN), which is designed to streamline the delivery of electronic B2B payments to suppliers.
Visa, Billtrust US, B2B payments, Business Payments Network, suppliers, buyers
James Richardson, Head of Risk&Fraud at Bottomline Technologies, shares lessons learned from the Cosmos Bank attack. Let’s see how to stop fraudulent transactions.
James Richardson, risk, fraud, Bottomline Technologies, bank heist, fraud prevention, risk management, transaction laundering, fraudulent transactions
Business-to-business payment fraud is on the rise, and companies are looking to their chief financial officers to solve the problem, according to the Association for Financial Professionals.
B2B, payment fraud, CFO, fraud prevention, invoices, accounts payable, payment controls
BNP Paribas, ABN AMRO, and Deutsche Bank have completed over 300 transactions on a KYC application built on R3’s Corda blockchain platform.
BNP Paribas, ABN AMRO, Deutsche Bank, R3, Corda, blockchain platform, KYC, banks, data