Payment Labs’ Post

Why should compliance and understanding prohibited businesses & jurisdictions matter when opening a B2B bank account? 🤔 As your business expands globally, having a secure financial partner is crucial. At #Wallter, we follow EU regulations by avoiding certain businesses and countries, which helps protect your business from legal issues and fines. By adhering to these guidelines, you also reduce the risk of involvement in illegal activities like money laundering. With Wallter, you gain access to safe global payment options like #SEPA, #SWIFT, and prepaid #cards in a trusted financial environment. Partnering with a compliant financial institution also boosts your business’s credibility, showing customers that you value ethical practices. Read more about why prohibited businesses and jurisdictions matter here >> https://lnkd.in/eesseE4G Choose Wallter for secure and compliant global payments. Register today >> https://lnkd.in/d2sm_Ar #Wallter #B2BPayments #Multicurrency #GlobalBusiness #BusinessSolutions #BetterPaymentSolutions #crossborderpayments

Discover essential compliance measures for thriving in today's regulatory landscape with insights from Sandeep Agrawal in Express Computer article. https://lnkd.in/dyJjrJ5k #Fintech #DigitalTransformation #FinancialTechnology

Navigating the Global Payments Landscape with Confidence 🌍 More than just transactions, we see stories of businesses expanding, connecting, and thriving worldwide. But with great payout reach comes great responsibility—especially when it comes to compliance. Our integrated payment platform, designed not just for efficiency but for robust global payout compliance. Our technology adapts to various regulations across countries, ensuring that your payouts are not only swift but also secure and compliant, no matter where you are or where you're aiming to go. Stay ahead with a partner who understands the global market's demands. Because when it comes to compliance, we believe in making no compromises. Learn more right here: https://bit.ly/45wSanV #GlobalPayments #Fintech #Compliance #PaymentAPI #GlobalExpansion

Winning Payment Strategies for High-Opportunity Industries Join us tomorrow, Thursday 24 October at 3PM BST, for an exclusive Finextra #webinar on 'Winning Payment Strategies for High-Opportunity Industries', hosted in association with Rapyd. Discover how fast-growing sectors like #onlinetrading, digital goods, and the creator economy are transforming their #payment strategies to drive growth. Learn from industry experts about the payment challenges these industries face, the features that matter most to payment leaders, and how tailored solutions can reduce #risk and streamline #crossborderpayments. Don’t miss out on this opportunity to stay ahead in the evolving #fintech landscape – Last chance to register & join the discussion➡️ https://bit.ly/3MC9wat #finance #payments #digitaleconomy #digitalpayments #onlinepayments #financialservices #financialinstitutions #farud #regulation #compliance #disputemanagement #KYC #KYB #verification

Proposed New Rules to Better Protect Customers of Payments Firms Matthew Long, Director of Payments and Digital Assets, Financial Conduct Authority said: ‘We’re consulting on proposals to make safeguarding rules stronger and clearer for payment and e-money firms so customers get as much of their money back as quickly as possible if the firm goes out of business.’ https://lnkd.in/e4xv6pZY Miten Patel Adrian Hall Özge Ibrahim Alice Jones Partha Shetty Ian Alderton Emily Shepperd Jagpal Singh Jheeta #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

hmmm the answer to micro payment services in Australia or New Zealand is open banking APIs on a business account with calculations and transparency in the product. Shout-out to akahu.nz who doesn't do micro payments as such but are an EXCELLENT service. #banking #payments #openbanking

ISO 20022 is set to transform global payments! Greg Murray discusses how businesses can prepare for the 2025 deadline in his latest commentary. 🟣 Read more here 🔽 http://spr.ly/6043Wdtcl #ISO20022 #FinTech #Payments

THINK Compliance - New article on the blog Instant Payment Compliance: A Strategic Overview for the finance sector. Moritz Moser-Böhm made the deep dive and knows a strategy how to meet instant payment compliance requirements. Read on and comment if you have questions towards Moritz Moser-Böhm https://bit.ly/49rRAbo #kyc #instant #payment #beyondsmartcompliance #pythagorassolutions

Thank you to the Compliance Institute’s Fintech and Payments Working Group and KPMG Ireland Platform X for hosting an in-person event on PSD3/PSR and their implications for banks, payment firms and electronic money firms. 🔎 PSD3: Key Changes and Implications ➡ Combating Fraud: PSD3 introduces stricter measures to combat fraud, including mandatory IBAN name checks and data sharing between firms. ➡ Improved Customer Rights: Consumers will have greater control over their financial data through permission dashboards, empowering them to share or revoke access to third-party providers. ➡ Level Playing Field: The regulations aim to create a more even playing field by granting payment institutions access to EU payment systems, previously reserved for banks. ➡ Open Banking Advancement: PSD3 aims to further encourage open banking by removing obstacles and providing customers with more control over their data. ➡ Cash Access: The regulations promote accessibility to cash by requiring providers to offer cash withdrawal opportunities without excessive fees. ➡ Harmonisation: PSD3 and PSR aim to harmonise regulations across EU member states, ensuring a consistent application of rules. 🔎 Action Required ➡ Compliance Assessment: Firms should conduct a gap analysis assessment to identify potential effects on their business model. ➡ Technological Investments: Updating technology to comply with IBAN name checks, fraud monitoring, and data sharing may be necessary. ➡ Consumer Education: PSPs will need to develop programs to raise awareness of fraud risks and educate consumers on data sharing practices. ➡ Strategic Approach: Beyond compliance, firms should consider the broader implications and develop strategies to adapt to a more competitive landscape and leverage new opportunities. Kelly-Anne Rainey

Check out our latest In The Know article on the evolving landscape of payments regulation. This insightful piece identifies the key trends and developments shaping the payments industry in 2024. Sign up and stay informed on our website. Our team of experts is always on hand to give practical advice.   Read the full insight here: https://lnkd.in/eeKPpk9d   #FinancialRegulation #Payments #FinTech #AddleshawGoddard