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How the Proposed U.S. “Protecting Consumers from Payment Scams Act” Could Impact Financial Institutions’ Fraud Prevention Efforts

Global Banking & Finance

1978 Electronic Fund Transfer Act (EFTA), designed primarily for unauthorized transfers, are proving insufficient in the face of deception and social engineering. By Anurag Mohapatra, NICE Actimize, SME and Sr. Product ManagerFraud Subject Matter Expert As digital payment platforms continue to evolve, so do the fraudsters.

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What Is an Electronic Payment System & How Does It Work?

Razorpay

Instead, we have embraced the convenience and efficiency of electronic payment systems, or e-payment systems. In this comprehensive guide, we’ll delve into what an electronic payment system is, explore its various types, and uncover the inner workings that make it all possible. What is an Electronic Payment System?

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What is Secure Electronic Transaction (SET), and How It Works?

Razorpay

Secure Electronic Transaction (SET) is a secure electronic payment system that ensures the confidentiality and authentication of online transactions. SET works by encrypting sensitive financial information for all parties involved in the transaction. Let’s define secure electronic transactions in detail.

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Despite the dominance of voice trading, electronification is the natural path for Peru

The TRADE

What is the current state of play in Peru when it comes to market data and electronic pricing? Foreign banks with well-established electronic platforms have been able to provide liquidity in spot and forward instruments. In the case of USD/PEN, the story is a little bit different. Electronification should be a natural path for Peru.

Trading 101
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Leaders in Trading 2023: Meet the nominees for… Outstanding Non-Bank Electronic Liquidity Provider

The TRADE

Next up in our introduction to the distinguished nominees for Leaders in Trading 2023 Editors’ Choice Awards, we bring you the shortlist for Outstanding Non-Bank Electronic Liquidity Provider, showcasing excellence in liquidity provision outside of the traditional sphere.

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What is Payment Processing? How It Works and Its Advantages

Razorpay

This shift has been made possible by the speed and effectiveness enabled by modern technology – it has transformed how we handle financial transactions. It serves as a bridge between the merchant’s point of sale and the financial institution. At the core of payment processing is the payment gateway.

IT 98
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Citi hires from within for new global head of FX product

The TRADE

Read more: Citi employs blockchain for new FX solution Prior to this appointment, she spent three years as head of EMEA EFX sales, bank sales, platform sales, custody FX and cross border payments for FIs at Citi, and before that served as head of EMEA electronic FX sales.

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