Cards, Illinois, Regulation and Security

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Illinois regulator issues proposed Predatory Loan Prevention Act regulations; lawsuits filed to block implementation of Act’s database reporting requirement and for declaration Act does not apply to pawn transactions

CFPB Monitor

JUNE 14, 2021

In March 2021, Illinois Governor Pritzker signed into law SB 1792 , which contains the Predatory Loan Prevention Act (the “Act”). The new law became effective immediately upon signing notwithstanding the authority it gives the Illinois Department of Financial and Professional Regulation (“IDFPR”) to adopt rules “consistent with [the] Act.”.

Illinois

Illinois Regulation Report Lending

Illinois Adds Facial Recognition To Driver’s ID Applications

PYMNTS

MAY 19, 2016

Now that the traditional swipe credit card is starting to fall out of favor in the face of EMV and mobile payments, software developers are scrambling to develop updated ways of authenticating consumers’ identities at the point of sale. ”

Illinois

Illinois Chicago System Security

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Webinars

Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

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Trending Sources

NEW REPORT: Can Smarter Payments Kill Off Timesheets?

PYMNTS

DECEMBER 12, 2018

However, with so much sensitive information being transferred with each transaction, the need to keep the data secure has never been greater. In the new Smarter Payments Tracker , PYMNTS explores the latest efforts by banks and businesses to keep payments data secure from fraudsters, cybercriminals and other bad actors.

Report

Report Payments Data Illinois

Webinars

Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

MORE WEBINARS

Equifax Blames Flaw In Database Software For Breach; Backlash Mounts From Consumers, Lawmakers

PYMNTS

SEPTEMBER 11, 2017

According to a news report in the The New York Post , hackers were able to steal customers’ data — including Social Security numbers — due to a weakness in open source software developed by Apache Software Foundation. consumers and potentially compromised the credit card numbers of approximately 209,000 people. Baird & Co.,

Software

Software New York Connecticut Security

How community banks can address cybercrime

Independent Banker

MAY 31, 2022

The community bank keeps a close watch on emerging threats experienced by other financial institutions, as well as security researchers’ discoveries through threat feeds. “If We would then assemble the incident response team, contact regulators and law enforcement and notify any customers who may have been exposed,” says Wyatt. “We

Community Bank

Community Bank Community Fraud Texas

Figure CEO: Figure Pay, National Bank Charter Will Boost Financial Inclusion

PYMNTS

NOVEMBER 23, 2020

“You're not dealing with two-day settlement,” he stated, adding that interoperability also has the ability to foster sticky relationships between merchants and consumers, especially consumers who want perks and high reward cards or coupons. Figure, said Cagney, can offer some of its products in New Yok — but not in, say, Illinois.

National

National blockchain Montana Lending

Is A Biometric Backlash Brewing?

PYMNTS

APRIL 30, 2019

States are moving to tighten their biometric privacy laws, following the lead of Illinois, which has what are considered to be the strictest protections in the U.S. But in Meier’s view, the common, mundane phone number can help prevent such scenarios — and otherwise offer secure online transactions that have relatively low friction.

Fraud

Fraud Illinois Regulation Online

Ohio Lottery Makes A New Bet on Mobile

PYMNTS

AUGUST 24, 2018

Recent days have brought the debut of the “first mobile-enable lottery card” in the state, according to the companies behind the card, Linq3 and Blackhawk Network. The product combines the gift card with the lotto entry, and here’s how it works, according to statement announcing the launch. Lotto and Payment Cards.

Ohio

Ohio Mobile Cards South Carolina

Uber’s Rough Ride Of A Week

PYMNTS

DECEMBER 1, 2017

At the time, Uber – at the directive of its chief security officer – hid the breach and paid hackers about $100,000 to destroy the data. The ride-sharing company said that no Social Security numbers, credit card information, trip location details or other data were taken. drivers’ license numbers.

New York

New York Data Regulation Washington

The community bank’s complete guide to building trust

Independent Banker

SEPTEMBER 30, 2021

Building trust in your institution has a lot to do with technology, from implementing strong data security practices to humanizing your online customer interactions. Once, before a holiday weekend, a customer messaged the bank to say that her ATM card wasn’t working. Illustration by Ahoy There. By Ed Avis & Elizabeth Judd.

Community

Community Community Bank social media Security

Fintech Fundings: 21 Companies Raise $460 Million Week Ending April 1

Fintech Labs Insights

APRIL 4, 2016

Bluefin Payments received $6 million to expand its secure payment system. HQ: Chicago, Illinois. Tags: Consumer, payments, bitcoin, crypto-currency, Overstock (investor), mobile wallet, debit card, funds transfers, remittances. Stratumn grabbed $670,000 for its blockchain services. Latest round: $10.03 Total raised: $22.46

New York City

New York City Company Fintech California

17 Of The Biggest Startup Frauds Of All Time

CB Insights

MAY 23, 2019

Zenefits skirts compliance regulations. WrkRiot’s short-lived house of cards falls down. After a comprehensive investigation by the Securities and Exchange Commission, Holmes was banned from the laboratory testing industry for two years and was ultimately charged with wire fraud by the Department of Justice in summer 2018.

Fraud

Fraud Las Vegas Company Video

FTC Probing Visa, Mastercard About Debit Card Practices

PYMNTS

NOVEMBER 14, 2019

antitrust regulators are investigating Visa and Mastercard about their debit card policies, Bloomberg reported on Thursday (Nov. The inquiry could spell fresh regulatory trouble for the world’s two largest payments processors, which settled a protracted European Union antitrust probe in April this year over card fees.

Cards

Cards Illinois Regulation Policies

Banking Is Only The Beginning: 30 Big Industries Blockchain Could Transform

CB Insights

AUGUST 25, 2017

As a digitized, secure, and tamper-proof ledger, blockchain could serve the same function, injecting enhanced accuracy and information-sharing into the financial services ecosystem. Elections require authentication of voters’ identity, secure record keeping to track votes, and trusted tallies to determine the winner. Healthcare.

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blockchain Industry Bitcoin Security

Community Banking Brief

Illinois regulator issues proposed Predatory Loan Prevention Act regulations; lawsuits filed to block implementation of Act’s database reporting requirement and for declaration Act does not apply to pawn transactions

Illinois Adds Facial Recognition To Driver’s ID Applications

Webinars

Trending Sources

NEW REPORT: Can Smarter Payments Kill Off Timesheets?

Webinars

Equifax Blames Flaw In Database Software For Breach; Backlash Mounts From Consumers, Lawmakers

How community banks can address cybercrime

Figure CEO: Figure Pay, National Bank Charter Will Boost Financial Inclusion

Is A Biometric Backlash Brewing?

Ohio Lottery Makes A New Bet on Mobile

Uber’s Rough Ride Of A Week

The community bank’s complete guide to building trust

Fintech Fundings: 21 Companies Raise $460 Million Week Ending April 1

17 Of The Biggest Startup Frauds Of All Time

FTC Probing Visa, Mastercard About Debit Card Practices

Banking Is Only The Beginning: 30 Big Industries Blockchain Could Transform

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