Is Your Compliance Strategy Overwhelmed by Complex Regulations and Inefficient Processes?
Streamline compliance efforts and minimize risks by simplifying regulatory adherence and automating manual processes for payment companies.
Complex, Overlapping Regulations
Payment companies must satisfy PCI DSS, PSD2, AML, and local data laws simultaneously. Interpreting overlapping rules, exemptions, and reporting deadlines across jurisdictions strains legal and operations teams, increasing the risk of accidental non-compliance and costly fines.
Resource-Intensive Manual Controls
Many acquirers and processors still rely on spreadsheets, email, and siloed systems to track obligations. Manual checks introduce errors, create audit gaps, and divert analysts from revenue-generating tasks, driving up compliance costs.
Fragmented Data Visibility
Transaction, KYC, and chargeback data often reside in separate platforms. Limited end-to-end visibility makes it hard to prove compliance, detect anomalies early, or respond quickly to regulator inquiries.
Rapid Regulatory Change
New mandates—such as real-time payments directives or stricter AML thresholds—arrive with little notice. Updating policies, retraining staff, and re-configuring tech stacks at speed is challenging, exposing firms to inadvertent breaches.
Elevate Compliance with FraudNet's Advanced Solutions
Streamline compliance, reduce errors, and safeguard against fines with FraudNet’s seamless integration for payment companies.
AI-Native Compliance Surveillance
24/7 rule-based monitoring flags breaches before they trigger fines.
Automated Regulatory Reporting
Generates, validates, and submits filings on time every time.
Dynamic Rule Management
One dashboard updates global policies instantly across workflows.
Employee Compliance Training Hub
On-demand modules track completion and test comprehension.
Real-Time AI-Native Monitoring
FraudNet rapidly processes each payment, screening against global sanction, AML, and card-network rules in milliseconds. By highlighting only high-risk cases, it prevents breaches before settlement, ensuring compliance and eliminating costly penalties for payment companies.
Unified Risk & Compliance View
Streamline your compliance process with a unified dashboard that consolidates transactional, KYC, and policy data. Instantly provide auditors with verifiable evidence, resolve alerts swiftly, and eliminate the chaos of data-gathering, ensuring efficiency and reducing the risk of costly non-compliance.
Automated Audit & Reporting
Streamline your compliance process with our automated templates that effortlessly populate SARs, PCI attestations, and regional filings. With timestamped logs and immutable trails, reduce audit preparation from weeks to minutes, minimizing overhead costs and significantly lowering the risk of fines.
Impact & Results
Delivering Results that Matter
We don’t just promise better fraud control—we deliver tangible improvements that protect your business.
97%
Fewer False Positives
Approve more valid transactions confidently.
88%
Fraud Reduction
Experience double-digit reductions in fraud-related chargebacks
60%
Cost Savings
Save time and resources while securing your revenue.
Why FraudNet
Future-Proof Your Fraud & Risk Program
With an integrated platform designed for precision, agility, and impactful results, enabling your team to make smarter decisions, improve operational efficiency, and fuel your business growth.
Customizable & Scalable
No-code rules engine, flexible dashboards, and tailor-made machine learning models that are designed to adapt seamlessly and scale alongside your business.
End-to-End Platform
Unify fraud detection, compliance, and risk management into one powerful solution, saving valuable time and streamlining your operations.
AI Precision You Can Rely On
Reduce false positives, detect and prevent more fraud, and mitigate risk with highly accurate, real-time risk scoring and anomaly detection you can trust.
Real-Time Fraud Intelligence
Leverage advanced analytics, comprehensive reporting, and our Global Anti-Fraud Network to make faster, smarter decisions on the spot.
Testimonials
Real Success From Real Teams
Fraud.net’s flexibility has helped our AfterPay business grow by allowing us to meet our increasingly complex customer and country requirements. Their platform has enabled Arvato to increase our agility and significantly reduce fraud attacks.
Director Risk & Fraud, Arvato
FraudNet's combination of customized machine learning and flexible rules management has been transformative. We've achieved dramatic efficiency gains while maintaining robust fraud protection - a game-changer as we navigate evolving regulatory requirements.
Head of Financial Crime, Countingup
The great usability of Fraud.net is night and day when comparing it to our prior risk prevention platform. Reporting is also faster, more straightforward, and more impactful. With Fraud.net, we can easily visualize and share findings, providing our leadership with a clear understanding of the return-on-investment for our activities in real-time.
Fraud Manager, Global Financial Institution
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FAQs
What are the common regulatory requirements for payment companies?
Payment companies must adhere to a variety of regulatory requirements such as Anti-Money Laundering (AML) laws, Know Your Customer (KYC) protocols, the Payment Card Industry Data Security Standard (PCI-DSS), and General Data Protection Regulation (GDPR) for those operating in or dealing with the EU. Ensuring compliance with these regulations helps prevent legal issues and fines, while protecting customer data and maintaining trust.
How can payment companies ensure compliance with AML regulations?
To ensure compliance with AML regulations, payment companies should establish robust AML policies and procedures, conduct regular risk assessments, provide employee training, and employ advanced transaction monitoring systems. Collaborating with financial intelligence units and ensuring proper customer identification and verification through KYC processes are also essential. Regular audits and staying updated with regulatory changes further help in maintaining compliance.
What are the consequences of non-compliance with payment regulations?
Non-compliance with payment regulations can lead to significant financial penalties, legal actions, and reputational damage. Companies may face fines, sanctions, and in severe cases, loss of licenses to operate. Additionally, non-compliance can erode customer trust, impact business partnerships, and lead to increased scrutiny from regulators, all of which can have long-term detrimental effects on the business.
How often should payment companies conduct compliance audits?
Payment companies should conduct compliance audits at least annually, although more frequent audits may be advisable depending on the size, complexity, and risk level of the organization. Regular audits help in identifying weaknesses in compliance programs, ensuring adherence to regulatory requirements, and preparing for external regulatory examinations. Additionally, audits should be conducted whenever there are significant changes in regulations or company processes.
What role does technology play in regulatory compliance for payment companies?
Technology plays a crucial role in regulatory compliance by automating processes, reducing manual errors, and enhancing data accuracy. Advanced software solutions can help in real-time transaction monitoring, fraud detection, and implementing AML and KYC procedures. Additionally, technology aids in maintaining secure data storage, ensuring data protection compliance, and facilitating timely reporting to regulatory bodies, thus minimizing the risk of fines and penalties.
Why is employee training important for regulatory compliance in payment companies?
Employee training is vital for regulatory compliance as it ensures that staff are aware of relevant laws and regulations, understand company policies, and can effectively identify and report suspicious activities. Training programs should cover areas such as AML, KYC, data protection, and fraud prevention. Regular updates and refresher courses help employees stay informed about regulatory changes and best practices, thereby reducing the risk of non-compliance and potential fines.