PYMNTS

DECEMBER 3, 2018

According to a report in the Wall Street Journal citing cyber security specialists, the breach in which the personal information of as many as 500 million customers was exposed began in 2014, going undetected until September of 2018. The hack could hurt Marriott’s reputation at a time when it’s fighting off the likes of Airbnb.

Cyber Security 122

Cyber Security Security Cards Resources 122

PYMNTS

JANUARY 29, 2018

finds companies are unprepared for the upcoming General Data Protection Regulation (GDPR). For the businesses that are aware, a bit more than a quarter said they’ve made changes to their operations in order to comply with the new rules aimed at data privacy and security. A new report released in the U.K.

Cyber Security 112

Cyber Security Survey Regulation Security 112

PYMNTS

AUGUST 30, 2016

The small nation is making a big push in support of FinTech innovation by reforming its payment laws. Singapore’s financial authority said it will look to consolidate exiting legislation related to payment systems, stored value facilities and remittance businesses in order to create a new combined regulatory framework.

Fintech 101

Fintech Cyber Security National Regulation 101

NCR

DECEMBER 2, 2016

The rising importance of one of the most exciting technologies in financial services – biometric authentication – has been marked by Mastercard’s European rollout of Identity Check Mobile , a payment application that allows users to authorize online purchases using fingerprints or facial recognition.

Security 40

Security Payments Cyber Security Regulation 40

PYMNTS

SEPTEMBER 21, 2019

It’s National Cyber Security Awareness Month, and industry leaders are zeroing in on some of the most vulnerable targets of cyber scams: small businesses. Even more troubling, however, is the cloud security company’s finding that most SMBs estimate the cost of a data breach to be just $10,000. ” The U.S.

Data 202

Data Los Angeles Survey Cyber Security 202

SWBC's LenderHub

JANUARY 26, 2017

However, if you're lending, you're most likely accepting borrower payments, and you need to be informed about the intricacies of PCI DSS, or the Payment Card Industry Data Security Standard. Many of the lenders we partner with often feel like there's a never-ending list of regulatory and compliance requirements to meet.

Industry 60

Industry Security Cards Data 60

PYMNTS

DECEMBER 20, 2017

The company announced this week that it deployed a “blockchain-inspired” technology to manage collateral in its ledger and facilitate the sending of cash and securities. Its CEO, Arjun Jayaram, noted that the solution can be used by any FI for real-time payments and settlement. Governments’ Blockchain Moves.

blockchain 135

blockchain Cyber Security Groups Regulation 135

Banking 2020

NOVEMBER 8, 2015

Open APIs are a key part of wider transformation in the banking industry and will become much more common as regulation forces banks to open up their systems. The move comes just as the banking industry gears up for major changes to payment rules that will mean they have to open up their platforms to third party developers.

Cyber Security 40

Cyber Security Payments Security Regulation 40

NCR

NOVEMBER 14, 2016

Of the myriad mechanisms, sectors and services that make up the global financial system, one of the fastest-growing is the payments space. From contactless cards and mobile wallets to the exciting potential of biometric data, there are all sorts of innovations having an impact on payments. Singapore seeks a unified payments landscape.

Payments 40

Payments Regulation Cyber Security National 40

American Banker

FEBRUARY 14, 2024

New regulations involving cryptocurrency and the results of key elections will impact the industry's success this year.

cryptocurrency 83

cryptocurrency Regulation Industry Cyber Security 83

CFPB Monitor

SEPTEMBER 3, 2019

These documents are categorized by state, license, and topic, including: virtual currency; correspondence to mortgage broker; lender and originator licensees; money transmission; mortgage underwriting and processing; third-party payment processing; mobile home lending; and mortgage servicing. State Survey Map of Money Transmission Laws.

Tools 60

Tools Industry Online Resources 60

PYMNTS

NOVEMBER 13, 2017

We also had a few surprises on the undeniably more serious side, in the payments and commerce world. Ethereum hiccupped, PayPal pushed into India (and into a direct competition with a hometown hero) and The Federal Reserve decided to take on a reset of digital payments. The Fed’s New Digital Payments Outlook.

St. Louis 108

St. Louis cryptocurrency Cyber Security Fintech 108

American Banker

NOVEMBER 7, 2023

The new rules also expand the use of "proven protections," such as multifactor authentication, according to Adrienne Harris, superintendent of the New York State Department of Financial Services.

New York 54

New York Report Payments Cyber Security 54

NCR

JUNE 7, 2017

The EU’s forthcoming Payment Services Directive 2 (PSD2), for example, will see the creation of new payments service providers, enabling authorized third-parties to access accounts and initiate payment transactions on a customer’s behalf. Fintechs are more agile, higher risk tolerant and closer to what consumers want.

Fintech 80

Fintech Cyber Security Innovation Examples 80

PYMNTS

AUGUST 12, 2016

Restaurants — the epicenter of payments innovation, it seems — were on the receiving end of a couple of new opportunities this week that could drive even more feet into them and help them grow. Barcode-Based Mobile Payments. The app will allow users to scan their prescription barcodes, which will trigger a cloud-based payment.

Lending 100

Lending Apple Cards Study 100

SWBC's LenderHub

JUNE 21, 2021

Experts predict it will rapidly advance the regulatory landscape by offering technological compliance solutions for the highly regulated financial services industry. Regulatory technology, or RegTech, was developed in the wake of the FinTech revolution and has been continuously expanding since the financial crisis of 2008.

Industry 78

Industry Compliance Regulation Technology 78

FICO

JUNE 9, 2022

However , t he adoption of AI and ML in money laundering detection has been slow due to mandated regulator scenarios that put at odds proof of compliance and, necessarily, an effective program. Scott is most recently focused on the applications of streaming self-learning analytics for real-time detection of cyber security attacks.

Analytics 52

Analytics San Diego Cyber Security Data 52

Gonzobanker

NOVEMBER 1, 2016

Financial institutions are oftentimes the same way—they want to do the right thing exactly as their regulators “suggest.” Regulators, meanwhile, have historically not given such specific direction and with such a prescriptive approach as they’ve done with the CAT. (Not that I’ve ever done that, mind you. It was the soccer field.)

Risk Management 60

Risk Management Security Management Tools 60

Payments Source

AUGUST 6, 2020

Regulators found fault with the bank’s cloud migration efforts in the years that preceded a 2019 hacking incident.

Capital 80

Capital Data Regulation Cyber Security 80

Payments Source

APRIL 15, 2019

Mastercard is calling for a global consumer digital identity bill of rights to be adopted by businesses, governments and regulators as it prepares to launch a digital ID management service later this year.

Regulation 85

Regulation Management Cyber Security Security 85

Payments Source

JULY 11, 2018

The bank Bank of England, together with the Financial Conduct Authority and the Prudential Regulation Authority, has cautioned U.K. banks to prepare for cyber attacks and technical failures.

Regulation 63

Regulation Cyber Security Security 63

Payments Source

NOVEMBER 28, 2018

The comments by Brent McIntosh, Treasury's general counsel, are at odds with concerns by state regulators and consumer groups who fear that a national standard on how firms handle data breaches could weaken pre-existing rules.

National 63

National Regulation Groups Data 63

PYMNTS

JUNE 20, 2017

Changing regulations, he said, make it more important for real-time and active data analysis to play a part in treasurers’ risk mitigation strategies. A weak data management strategy could heighten the risk of non-compliance.

Big Data 119

Big Data Data Risk Management Compliance 119

Tomorrow's Transactions

NOVEMBER 7, 2014

The event had three main themes: The future of UK financial regulation and British competitiveness post-FSA. Cyber Innovation: for example, behavioural analytics; the rise of private cyber cash, new payment platforms, mobile banking, privacy and consent, economics of cyber security.

Analysis 58

Analysis Bitcoin Fraud Cyber Security 58

PYMNTS

SEPTEMBER 24, 2018

In the wake of the news earlier this month that British Airways had found, and reported, a data breach within the 72 hours mandated by the General Data Protection Regulation , the question remains: How much is it going to cost, if anything? According to Bank Info Security , quoting U.K.-based 21 to Sept. Other Financial Impacts Loom.

Data 152

Data Cyber Security Regulation social media 152

Gonzobanker

DECEMBER 22, 2015

It’s nice to see somebody passionate about using new payments technology to make banking easier and cheaper for the financially disadvantaged. A slew of new chief payments officers were appointed in 2015 to drive this critical revenue source. Regulator Award. FFIEC’s Cyber Security Self-Assessment Tool.

Community Bank 60

Community Bank Apple Community Technology 60

PYMNTS

JULY 29, 2019

The site noted the findings of the Australian Cyber Security Centre, which found that scammers took off with as much as $700,000, and that one company lost $170,000, the largest amount lost by a single company. The technique remained the same, where SMBs were directed to send goods across fake invoices. billion.

Fraud 138

Fraud Cyber Security Cards Report 138

American Banker

DECEMBER 12, 2016

The payments messaging network Swift has told its client banks that the threat of cyberattacks "is very persistent, adaptive and sophisticated — and it is here to stay.".

Report 28

Report Payments Cyber Security Regional 28

American Banker

MAY 10, 2016

Officials from the Federal Reserve Bank of New York, Bangladesh Bank and payments network Swift vowed Tuesday to catch the thieves who took $81 million out of the Bangladesh central bank's account at the New York Fed.

New York 28

New York Payments Cyber Security Data 28

FICO

AUGUST 28, 2020

Until recently, most consumer-facing organizations have relied on username and passwords to secure accounts. Plus, consumers don’t like passwords as a security measure. Our recent survey found that only 40 percent of people are prepared to use username and passwords for security, while password management causes people real problems.

Management 52

Management Security Cyber Security social media 52

Payments Source

OCTOBER 29, 2018

What keeps execs up at night in the payments, retail and banking industries? Quite a lot, including disruption from tech giants and competition from foreign rivals.

Retail 104

Retail Company Payments Industry 104

FICO

JANUARY 5, 2023

Open banking, BNPL, cybersecurity and AI will all be under the microscope for regulators and policymakers, but not all areas will see major action in 2023. regulators take a major step in addressing the emerging open banking landscape. Several groups have also called for comprehensive industry regulation. Four 2023 U.S.

Policies 52

Policies Company Regulation Risk Management 52

Payments Source

DECEMBER 11, 2018

Republicans on the House Oversight Committee concluded that last year’s massive data breach at Equifax was fully preventable, but stopped short of recommending new laws aimed at averting future hacks. Democrats called the final report a “missed opportunity.”.

Data 60

Data Report Cyber Security Security 60