Tech

AI, Agentic Commerce and the New Rules of Chargeback Management

Yahoo Finance

“With first-party fraud and friendly disputes eroding already thin retail margins, managing chargebacks requires far more than basic operational recovery. Here, Tim Tynan, CEO of Chargeback Gurus, discusses how local AI streamlines dispute documentation, why fighting invalid chargebacks won’t destroy legitimate customer relationships and how retailers must adapt their risk protocols for new protocols like […]

Tags: AI

Companies

Mastercard Stablecoin Compliance API Targets 60% of Transfers Legacy AML Cannot Trace

Tech Times

“Mastercard unveiled Stablecoin Security: a pre-transaction risk-scoring API that fuses the company’s blockchain analytics capabilities with its card-era payment intelligence.  Financial institutions that have hesitated to handle stablecoin payments — citing the difficulty of tracing funds through multi-step on-chain paths before a transaction is irreversible — can now integrate the risk score into existing fraud, […]

Tags: Mastercard

Industry

FSB Warns of Stablecoin, AI Risks Ahead of G20 Meeting

Traders Union

“FSB Chair Andrew Bailey urges G20 members to address cross-border gaps in stablecoin oversight and adopt new AI risk management practices in the financial sector. FSB report warns a stablecoin run could trigger forced sales of reserve assets and bank deposit withdrawals, spreading stress to traditional financial markets. FSB highlights AI-driven cyber threats and volatility risks, emphasizing […]

Companies

Visa and Airwallex Join Forces to Build the Next Generation of Financial Infrastructure for Freight Platforms

Airwallex

“Visa and Airwallex  announced a collaboration to develop embedded-finance solutions tailored to freight and shipping platforms, helping modernise how businesses manage payments, working capital and cross-border commerce across one of the world’s most complex industries. The collaboration brings Visa’s expertise in commercial payments, acceptance strategy, risk management and industry-specific solution design with Airwallex’s embedded-finance capabilities, […]

Tags: Airwallex Visa

Companies

Swift Enables Blockchain Ledger for Cross-Border Payments

IBS Intelliegence

“Swift has activated its blockchain-based ledger infrastructure, enabling banks to pilot tokenised deposit transactions for 24/7 cross-border payments and improved liquidity management. The new ledger was developed to support regulated digital asset transactions, allowing participating banks to move tokenised value across borders while maintaining existing compliance, risk and settlement controls. Swift said 17 banks across six continents […]

Tags: Swift

Companies

New Enhancement to Nacha’s Risk Management Portal Helps FIs Keep ACH Contacts Current

Nacha

“A new enhancement is now live, giving financial institutions an easy and reliable way to verify that their ACH Contact Registry information is accurate and up to date. FI Administrators that navigate to the ACH Contact Registry landing page will be prompted to verify their mandatory contact information via a new feature, only if they […]

Tags: Nacha

Companies

FIS Launches Enterprise Risk Suite on AWS to Provide Continuous Cloud-Native Delivery

FIS Global

“Global financial technology leader FIS® announced the launch of FIS Enterprise Risk Suite on Amazon Web Services (AWS). Upgrading risk software has always meant disruption and for firms managing risk in real-time, that’s a trade-off they can’t afford. This deployment on AWS reduces this by delivering a cloud-native risk management platform that keeps financial institutions on […]

Tags: FIS

Regulation

NCUA Announces Proposed Rule for Permitted Payment Stablecoin Issuer Standards

NCUA

“The National Credit Union Administration (NCUA) announced a Notice of Proposed Rule Making outlining the operational and risk management standards for an NCUA-licensed permitted payment stablecoin issuer, as outlined in the GENIUS Act. “This proposed rule supports my view that credit unions will face no disadvantage compared to other entities regarding standards” said NCUA Chairman […]

Tags: NCUA

Companies

Sector Risk Advisory: Preparing the Enterprise for AI-Enabled Vulnerability Discovery

FSISAC

“Recent announcements of AI frontier models’ advanced vulnerability discovery and chaining capabilities to create exploits indicate an important change in the risk landscape for financial services. Traditional assumptions and approaches for vulnerability management no longer hold. FS-ISAC recommends the following as part of a fundamental shift in operations to manage cybersecurity and resilience risks.”

Tags: FS-ISAC

Global

ION Brings Mandatory EU Payee Verification Live at Scale

PR Newswire

“ION Treasury, a global provider of treasury and risk management solutions for corporations, financial institutions, and central banks, announced the introduction of Verification of Payee (VoP) capabilities across its treasury solutions. This enables customers to comply with a major EU payments regulation as it moves into active enforcement.”

Tags: European Union

Companies

Nacha: Rising to the Challenge of First-Party Fraud

Nacha

“Nacha’s Risk Management Advisory Group (RMAG), Rules and Operations Committee, and the First-Party Fraud Workgroup are looking at ways to better identify and mitigate first-party fraud. The first steps are education and raising awareness of the problem. We have issued a series of articles describing first-party fraud and addressing actions for both ODFIs and RDFIs.”

Tags: Nacha

Regulation

Treasury Releases Two New Resources to Guide AI Use in the Financial Sector

U.S. Department of the Treasury

“In support of the President’s AI Action Plan, which calls for clear standards, shared understanding, and risk-based governance to ensure artificial intelligence is deployed safely and responsibly, the U.S. Department of the Treasury released two new resources to guide AI use in the financial sector, a shared Artificial Intelligence Lexicon and the Financial Services AI […]

Tags: Financial regulators

Industry

Banks Are Starting to Move Money on Chain

OMFIF

“‘Tokenisation’ has been the word on everyone’s lips for a few years. Referring to the representation of assets on blockchains, it promises instant, cheaper settlement, greater efficiency and improved liquidity management. But while the process of tokenising assets is underway, the market has yet to come to a consensus on the appropriate payment instrument. Reaping […]

Companies

Ingenico and Visa Collaborate to Accelerate Unified Commerce Solutions Across Industries

Ingenico

“Ingenico has collaborated with Visa, a global leader in payments, to enhance and expand value with current and future clients. The solution combines Ingenico’s Android-based AXIUM smart POS terminals with the Visa Acceptance Platform, including gateway and risk management services. By using Visa’s extensive experience in e-commerce, this collaboration can grow Ingenico’s innovative payment options, […]

Tags: Ingenico Visa

Companies

FIS Launches 24/7 AI Assistant to Ease Risk Models Management

FIS

“Actuaries spends a substantial amount of their time searching for information buried in technical documentation on risk modeling. Global financial technology leader FIS ® is changing that with the launch of its Insurance Risk Suite AI Assistant, a generative AI tool that instantly answers complex questions about building and maintaining risk models—in any language.”

Tags: FIS