Industry

Agencies Issue Guide to Assist Community Banks to Develop and Implement Third-Party Risk Management Practices

Board of Governors of the Federal Reserve System

“Federal bank regulatory agencies today released a guide to support community banks in managing risks presented by third-party relationships.”

Merchants Orchestration Payment Gateways PSPs Risk Management

Payments Orchestration: What Comes Next?

Orchestration providers have certainly come a long way, and can enable powerful capabilities and benefits for the merchants that employ them. This post explores some of the possibilities Glenbrook has been thinking about for where Orchestration (and even orchestration) can go next.

Merchants Orchestration Payment Operations Tokenization

Episode 237 - Is Orchestration the New Normal In Payment Operations? A conversation with John Lunn, Gr4vy

This episode with John Lunn, CEO and Founder of Gr4vy, shifts the conversation from “What is orchestration?” to “Why is orchestration so powerful?”

Data Fast Payments Fraud Healthcare PaymentsPost Risk Management

Payments Post #12: Lessons from Change

In this month's Payments Post, we want to draw your attention to several recent fraud incidents that underscore the criticality of effective risk management to your business and the safety and soundness of the payments industry.

Tags: Fintech

Cross-border Payments Glenbrook Payments Education Key Concepts Risk Stakeholders

Episode 236 - How to Make Money in Payments with Russ Jones, Glenbrook Partners

In this episode, Glenbrook's Russ Jones joins Yvette to talk through 8 simple ideas about how you make money in payments.

Fast Payments Instant Payments Mastercard Vocalink

Episode 235 - Taking Stock in Fast Payments with Gregor Dobbie, CEO of TFPA and former CEO of Vocalink

Vocalink’s origin story, which began in 1998, spurred payments modernization efforts worldwide. For this episode, we sat down with Gregor Dobbie, CEO of TFPA and former CEO of Vocalink, to discuss what we can learn from Vocalink’s journey and what the future holds for core payment systems.

Gateways Partnerships Stakeholders

Episode 234 - Partnerships in the Payments Industry - Insights, Musings, and Hard-Won Wisdom with Steve Klebe

Steve Klebe returns to the podcast to talk about payments partnerships. The right payments partnerships can make the industry better, bring novel and differentiated offerings to the market, and make the payment transaction easier, more secure, and more valuable to consumers and businesses.

Companies

Announcing the FedDetect Anomaly Notification for FedACH® Services

FRB Services

“A new addition to the FedACH Risk® Management Services, the FedDetect Anomaly Notification is designed to help institutions identify anomalous activity and supplement fraud detection and alerting tools.”

Tags: Federal Reserve

Glenbrook Payments Education Merchant Risk Council Merchants Payments Fraud Risk

Episode 232 - Talking Payments and Fraud with Julie Fergerson, Merchant Risk Council

In this episode, Glenbrook Partners Yvette Bohanan, Russ Jones, and Chris Uriarte sat down with Julie Fergerson - a long-time payments professional who co-founded the Merchant Risk Council in 2000 and returned a few years ago to take on the role of CEO for what is now an industry-leading, global non-profit. We talk with Julie about how the payments industry has changed over the last two decades, with both the professionalization of payments and of fraud, and why she is now spearheading a certification program for the industry.

Merchants Orchestration Payment Gateways PSPs

Demystifying Payments Orchestration: Part 2 - Orchestration in Practice

Recap Earlier this week, we started to unpack one of the buzziest terms in payments: orchestration. As we define it, Orchestration Platforms facilitate a merchant’s multi-acquirer setup, in addition to providing services across the areas of transaction optimization, smart routing, and connections to multiple providers (acquirers, non-card payment methods, and related services such as risk […]

Merchants Orchestration Payment Gateways PSPs

Demystifying Payments Orchestration: Part 1

Introduction For those of us who follow the payments industry, it has been difficult in the past few years to avoid the hype around payments orchestration.  The ubiquity of the term begs the question: what exactly does payments orchestration mean?  We see the term used to describe providers serving FIs that will “orchestrate” – i.e., […]

Regulation

OCC Report Identifies Key Risks Facing Federal Banking System

Banking Exchange

“The Office of the Comptroller of the Currency released its semiannual report analyzing the key issues facing the federal banking system…It highlighted AI in banking as an emerging risk and released guidance on ‘Buy Now, Pay Later’ (BNPL) lending, focusing on risk management.”

Tags: OCC

Companies

Retail Lending: Risk Management of 'Buy Now, Pay Later' Lending

OCC

“The Office of the Comptroller of the Currency (OCC) issued a bulletin to assist banks in effectively managing risks associated with “buy now, pay later” (BNPL) lending and in offering BNPL loans in a responsible manner.”

Tags: Office of the Comptroller of the Currency

Chip and PIN EMV Security Tokenization

Episode 227 - EMVCo: A Textbook Example of Collaboration with Oliver Manahan, EMVCo

In this episode, we talk with Oliver Manahan, Director of Engagement and Operations at EMVCo, to understand how EMVCo fulfills its mission, catch up on its 2023 initiatives, and try to peek over the horizon to see what might be in store next for EMVCo.

Companies

LexisNexis Risk Solutions Receives Two Awards for its Innovation in Payments Risk Management and Fraud and Identity Solutions

PR Newswire

“LexisNexis® Risk Solutions has received industry awards from two prominent awarding bodies in Asia-Pacific (APAC) in recognition of its outstanding contribution to fraud prevention, identity authentication and risk management.”

Tags: LexisNexis