Regulatory divergence and presence of fraud causing pain within payments

By Michael McCaw

Multijurisdictional regulations and the increase in fraud within payments have created a difficult environment for payments providers, says Zac Cohen, general manager at global identity and business verification firm Trulioo.

“The challenge for payments is twofold: how to eliminate fraud in the network, and how to satisfy the regulatory regime of a particular hyperlocal jurisdiction,” he says.

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