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What are 2FA and MFA? A Guide to Authentication Methods

Cyberattacks are amongst the top concerns of the financial industry, and they show no signs of slowing down. According to an Accenture report, security crimes have risen 31% between 2020 and 2021, despite all the innovative security tools companies...

What are card-on-file transactions?

Card-on-file transactions are up there among the fastest and most convenient payment types. Customers want speed above all else, and nothing says speed more than the simple press of a button. Card-on-file transactions are adaptable to any industry...

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What is ISO27001?

By Mariana Almeida Marques Financial services companies are facing a worryingly increasing number of cyber-attacks and data breaches. In fact, only in the first half of 2021, the banking industry saw a 1318% increase in ransomware attacks...

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What does ASAP mean in payments?

ASAP isn’t just the acronym we use in our everyday lives. In payments, it holds a different meaning. If you are based in the US, you may already be familiar with this term. Though it is unlikely you will come across it in your day-to-day, ASAP is...

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What is embedded insurance?

Embedded insurance is a relatively new term that is transforming the insurance industry and shows no signs of slowing down. In fact, according to an InsTech London report, the embedded insurance market is expected to grow to $722bn in GWP by...

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Differences between ODFI and RDFI

You may have seen these terms if you process checks or debit transactions through the ACH network. Both ODFI and RDFI are entities that process payments, and without them, the ACH network wouldn’t be functional. This article tells you all you...

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What is Nacha? Guide to the ACH network

Being one of two leading national payment networks in the US, the ACH network processed over 426.3 million payments in 2021, which are valued at $2 trillion. If you accept or make ACH payments, you should know NACHA, its requirements, and how it...

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The customer expectations driving insurance change

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