Patrick Hevrdejs’ Post

Unlocking finance transformation: payment trends to watch in 2025 The future of finance is being reshaped by real-time payments and advanced fraud prevention measures. As we move into 2025, the adoption of ISO 20022 and other technological advancements will drive significant transformation in corporate payments. Companies must prepare by updating their payment systems and ensuring compliance with new data requirements. Embracing these trends will enhance efficiency, security and overall financial performance. #FraudPrevention #FinanceAndAccounting #PaymentTrends

The future of finance is being reshaped by real-time payments and advanced fraud prevention measures. As we move into 2025, the adoption of ISO 20022 and other technological advancements will drive significant transformation in corporate payments. Companies must prepare by updating their payment systems and ensuring compliance with new data requirements. Embracing these trends will enhance efficiency, security and overall financial performance. Read more in FintechNews. #FraudPrevention #FinanceAndAccounting #PaymentTrends

The future of payments is here: 🚀 Real-time payments driving cash flow efficiency 🛡️ Fraud prevention measures evolving with instant settlement 📊 ISO 20022 unlocking enriched payment data & automation Get insights on trends & how to prepare for 2025. Read more: http://spr.ly/6049QVndW #Finance #PaymentsInnovation #ISO20022

Audit preparation can be stressful and disruptive to a financial institution’s business operations. Many banks and credit unions are turning to virtual audits for the following reasons: ✅ Streamlined audit preparation ✅ Reduced risk of information loss ✅ Cost savings If your institution has implemented virtual audits, what benefits would you add to the list?   https://lnkd.in/ea9inBnd

Real-time payments will continue to reshape the landscape in 2025, as will investment in fraud prevention measures to support the shift to instant settlement. For daily news and analysis subscribe to the https://lnkd.in/gyZxyrAP newsletter. #CFO #FinanceLeadership #Business

The paper check endures, perhaps bafflingly so, in the digital age. There are easier ways to pay, of course, but for commercial transactions, the paper For daily news and analysis subscribe to the https://lnkd.in/gyZxyrAP newsletter. #CFO #FinanceLeadership #Business

faster payments is growing fast

Why High-Risk Businesses Struggle with Payment Solutions ? High-risk businesses face unique challenges when it comes to payment processing. Traditional financial institutions and payment processors are often hesitant to offer services due to the increased risk of chargebacks, fraud, and legal complications. According to industry reports, high-risk businesses can experience chargeback ratios as high as 1-2%, compared to an industry standard of less than 0.5%. This higher risk profile makes securing payment processing more difficult and costly. Moreover, high-risk businesses often operate in industries that are subject to strict regulations, adding another layer of complexity to their financial operations. This is where high-risk or offshore merchant accounts come into play. Unlike traditional merchant accounts, these specialized accounts are designed to handle the increased risk and volatility associated with high-risk industries. They offer greater flexibility in processing payments and provide better fraud protection measures.

Just a few weeks ago, we hosted our 2024 Virtual Deposit Compliance Conference. What a great day of learning it was! If you missed it, there’s no need to worry as you can still access the video recording OnDemand. We had sessions on Regulation E, the upcoming FDIC signage changes, Regulation CC, the Section 1033 open banking proposal, UDAAP and two great sessions covering a wide range of deposit compliance regulations, a sort of alphabet soup, if you will. The first of these two special sessions focused on findings from our Review Team. We obviously try to address any current enforcement actions related to the other session topics which regulators make publicly available. However, we like to go a step further and tell you what we’re seeing during our own reviews. It gives a little more insight into what institutions are facing on a day-to-day basis. It’s best to learn from the mistakes of others and this session gives you an opportunity to not only hear the problems but also the solutions. The second special session is always one of our favorites…question and answer time at the end of the day. We compile all the questions asked by attendees during each session and have a rapid-fire Q & A with our compliance experts. This is recorded so you can go back and listen. For those that want to hang out longer there is also “bonus” Q & A time. While this is a little more informal and we do not record it, we still get you answers to your burning compliance questions, which is of utmost importance to us. The video clip gives you a taste of what you can expect at the Virtual Conferences. We invite you to register for the upcoming Virtual Lending (October 15 & 16) and/or Virtual BSA/AML (November 5) Conferences. Or better yet purchase all three at a discounted price! You can join us live and ask questions or wait and watch the recordings on your own schedule if you like. https://lnkd.in/gmue2ih https://bit.ly/3XZwHR4

💡In today's fast-paced financial world, payment screening isn't just a best practice—it's a necessity! Want to keep your business safe from potential risks? Discover the 7 essential strategies for implementing an effective payment screening process: https://okt.to/vgy7hi