野花社区

Pivoting to the New Way of Intelligent Decision-Making:The Journey Toward Convenience

Neither the individual who initiated the first card-not-present transaction nor the organization that pioneered a customer convenience channel could have foreseen the trajectory and evolution of payment systems. Fast-forward to today 鈥� the commerce landscape continues to be propelled by consumer-preferred payment methods that are convenient, swift, and efficient.

APP Frauds & Mandatory Reimbursement: What It Means for You

Authorized push payment (APP) fraud is a scam in which a fraudster convinces a payer to authorize a payment under false pretenses. APP fraud is a form of confidence-based fraud, meaning it relies on deception, rather than brute force, to convince victims to take a specific action.

ISO 20022 鈥� Expanding like no tomorrow

ISO 20022 is a messaging standard used across the financial industry.聽 In the domestic Real-Time Gross Settlement (RTGS)/Wire and cross-border payment spaces, transformation to the most recent ISO 20022 (HVPS+ and CBPR+) messaging standards has been ongoing since 2022. The North America Clearing House CHIPS wire system migrated in April 2024, and the U.S. Federal Reserve will update its Fedwire system in March 2025. It is important to note that everyone has been starting with an ISO 20022 standard.

Pay with my hand? No way!

While I was watching the news, a story came on about a new technology coming to the local Whole Foods where you could pay with your palm.

Navigating the future: 野花社区鈥檚 ATM transaction processing trends

As digital banking sweeps the industry, automated teller machines (ATM) are adapting to the changing tides of consumer demands and fewer physical branch locations. ATMs are no longer just cash dispensers 鈥� they serve as multifunctional banking kiosks where routine and low-value branch transactions can be performed (cash or check deposits, bill payments, or money transfers).

Real-Time Payments Have Gone Mainstream 鈥� Explore Their Global Impact

Real-time payments are carving a new norm in the rapidly evolving payments landscape. Spurred by global governments and regulators, instant payments are viewed as a catalyst for economic growth, financial inclusivity, and transparency.

Need a refreshing spike in summer sales? Follow Amazon鈥檚 lead

Traditionally, the summer is a slower time for retail, with sales in the U.S. typically centered around key holidays like Memorial Day, the Fourth of July and Labor Day. In the summer of 2015, Amazon changed everything when it introduced Amazon Prime Day, its own all-purpose summer shopping holiday exclusively for Amazon Prime members. This helped the marketplace giant in two ways: it increased sales during a lull, and it provided an additional incentive to become an Amazon Prime member.

Factoring in the safety switch with Confirmation of Payee

In a world where everything is digital-first, financial institutions are setting new standards in shielding their customers and revenue, while at the same time protecting the payments security and convenience paramount to achieving customer excellence and building a good reputation.

Powering the world鈥檚 payments ecosystem with a best-in-class payments orchestration platform

Analyst firm Datos Insights recently released their Datos Matrix: Payment Orchestration Vendor Evaluation comparing payments orchestration vendors and named 野花社区鈥檚 merchant payments orchestration platform 鈥淏est in Class.鈥� The main scoring categories Datos used to analyze payment vendors were provider stability, client strength, client service, product features, and functionality.

How a Modern Payments Experience Can Help Credit Unions Gain and Retain Younger Members

I recently attended the 2024 America's Credit Unions Governmental Affairs Conference, where one of the speakers said something that caught my ear: Essentially, the younger demographic is not fully aware of the concept of a credit union, its unique characteristics compared to other financial entities and the reasons why they might want to consider banking with them.

Financial crime hits new heights 鈥� how merchants can fight back

According to Datos Fraud Experts, who just published their top 10 risks for 2024, fraudsters鈥� use of artificial intelligence (AI)-generated attacks tops the list as the number one risk. Datos' research shows that 81% of fraud executives are concerned that fraudsters using generative AI will exceed current fraud defenses. And TransUnion confirms this, sharing 60% of auto finance fraud losses are due to synthetic identity fraud. 2024 is the year for organizations to leverage AI tools and shore up fraud defenses.

Tackling Sophisticated Fraud: Innovations and Approaches for a Secure Digital Future

Fraud has permeated numerous aspects of our lives, infiltrating the most routine activities and transactions, causing unease and uncertainty for many individuals. In fact, fraud-related losses in the U.S. topped $10 billion last year, up 14% from the previous year, according to the Federal Trade Commission.