PYMNTS

SEPTEMBER 23, 2020

Senior citizens are the demographic group most vulnerable to identity fraud, as they are often not as digitally savvy as their younger counterparts nor as adept in online security best practices. Large investments in security measures are necessary for banks to protect themselves and their customers from this menace. billion ($8.9

Technology 208

Technology Report Fraud Study 208

PYMNTS

SEPTEMBER 10, 2019

Businesses that fail to comply with anti-money laundering (AML) and know your customer (KYC) regulations risk major regulator fines and irreparable damage to customer relationships when something goes wrong. Companies therefore must either invest in teams of AML specialists or in fraud-fighting technologies. .

Security 185

Security Fintech Fraud Compliance 185

PYMNTS

AUGUST 2, 2019

Regulators’ influence over non-banks is limited, and banks are left to vet their own vendors. Bank regulations hadn’t “sufficiently modernized to accommodate cloud and other innovative technologies,” according to a U.S. One of the main issues being revisited is Facebook’s purchase of Instagram and WhatsApp.

Regulation 144

Regulation Virginia Google Capital 144

PYMNTS

JUNE 14, 2019

Smart technology is unlocking supply chain efficiencies, providing emergency alerts and much more. But despite intelligence of things (IoT) solutions being put to use in many cases, the field continues to be hampered by security issues. New security threats are emerging, too. Around the IoT World.

Regulation 161

Regulation Security Technology Survey 161

PYMNTS

SEPTEMBER 23, 2020

Banks in the EU have been racing to comply with the General Data Protection Regulation ( GDPR ) and the revised Payment Services Directive ( PSD2 ) since both measures were enacted in 2018. He explained that the cloud can help FIs swiftly respond to compliance and security challenges during the pandemic.

Compliance 225

Compliance Regulation Guidelines Security 225

PYMNTS

FEBRUARY 21, 2019

That said, IoT device creators and consumers are looking at IoT security with a higher level of scrutiny. In the February Intelligence of Things Tracker , PYMNTS examines how countries, developers and consumers are responding to increased calls for security, as well as how the IoT market is growing worldwide. Around the IoT World.

Security 180

Security Data Conference Regional 180

PYMNTS

AUGUST 28, 2019

It’s hardly news that consumers (along with regulators and politicians) are becoming increasingly focused on privacy and online security. These worries regarding connected vehicles are, in a broader sense, tied into larger security issues involving the Internet of Things (IoT) — to which all those cars and trucks will connect.

Security 119

Security System Operations Report 119

Celent Banking

JANUARY 22, 2015

Peer to Peer (P2P) lending is one of those situations and banks have started to experiment with it, taking P2P lending to main street. Regulation is an important issue for banks to get into P2P lending and depending the country, there may be restrictions. This is why he works on 3 key issues (in order of importance): Regulation.

Maine 100

Maine Lending Regulation Risk Management 100

PYMNTS

JUNE 29, 2020

Valdis Dombrovskis , the EU’s executive vice president of the European Commission for an Economy that Works for People, told attendees of the Digital Finance Outreach 2020 , a series of events for the 27-nation bloc on financial technology companies, that Europe must become the leader in crafting rules for digital finance.

cryptocurrency 221

cryptocurrency Regulation Bitcoin Maine 221

PYMNTS

JULY 25, 2017

Protecting digital identities is all about keeping up — keeping up with new technology, new regulations and, of course, bad actors. . In fact, according to one recent study, 60 percent of transactions conducted by the start of the next decade will be authenticated and completed using biometric technology.

Security 101

Security Report Regulation Course 101

PYMNTS

JUNE 28, 2018

But the recent thefts, along with other attempted and completed cyberattacks, demonstrate why payments officials in the region are expressing fresh concern about financial security there. The lack of security cooperation between bankers and regulators also comes up for blame. Fraud is a Top Worry. Growing Awareness.

America 102

America Security Miami Conference 102

PYMNTS

SEPTEMBER 22, 2020

Consumers pivoting to online banking are also more concerned over the privacy and security of their data, especially as fraud volumes creep up —and financial regulators are taking notice. Banks are continuing their ongoing movement to the cloud even as data and security questions continue to grow. Around The Cloud Banking World.

Compliance 191

Compliance Digital Banking Security Online 191

PYMNTS

NOVEMBER 3, 2020

11, 2010, alleged that Apple’s FaceTime and VPN On Demand features were using its patented technology. Critics have charged that the company’s main purpose is to sue big companies for infringing on patents that it owns. national security.”. "On The original lawsuit , filed Aug. On four separate occasions.

Apple 226

Apple Nevada Texas Maine 226

PYMNTS

SEPTEMBER 22, 2016

Definitely for it,” said Siddhartha Sharma, chief technology officer at Hedgeable. From an entrepreneur’s standpoint, it removes bureaucracy and regulation upfront, while gauging customer interest, and enables them to focus on product development.”. Earlier this month, Hong Kong launched its own sandbox initiative.

Regulation 100

Regulation Fintech Innovation Bitcoin 100

PYMNTS

DECEMBER 7, 2018

Not to ruin your holiday spirit, but let’s start this story with the cold and brutal truth: One of the largest risks that payments and commerce operators face in 2019 is being called to account by government officials, regulators or media about a failure to secure their organizations from cyberattacks. and other places.

Payments 240

Payments Tools Security Regulation 240

Chris Skinner

MAY 12, 2017

He is also one of the Top 5 most influential people on BankInfoSecurity’s list of information security leaders, as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal. Regulators are also working with startups, which is what the regulatory sandboxes are all about.

Regulation 255

Regulation Capital Fintech Innovation 255

PYMNTS

JANUARY 31, 2020

Financial institutions (FIs) and merchants in the European Union (EU) have had some time to get used to both the General Data Protection Regulation (GDPR) and the revised Payment Services Directive (PSD2). Around The Data Protection And Security World. For more on this and other stories, visit the Tracker’s News & Trends section.

Digital Banking 136

Digital Banking Guidelines Regulation Data 136

PYMNTS

JULY 13, 2020

Technology may have had a place in the real estate industry for some time, but its main purpose until now was in facilitating the consumer’s initial steps in the home buying process. Video technology-enabled and virtual home showings saw increased prevalence as stay-at-home orders were put in place.

Data 198

Data New York City New York Fraud 198

PYMNTS

JUNE 16, 2020

But Kellerman and other security experts advocated at the hearing for legislative measures, such as modernizing anti-money laundering (AML) and forfeiture rules and moving the Secret Service to the Treasury Department, to help combat the threat. ” A memo included with the subcommittee’s documents also pointed to the U.S.

US 227

US Cyber Security Security National 227

PYMNTS

DECEMBER 8, 2020

Nonetheless, Many FIs are looking to simplify and secure their onboarding procedures while also enabling customers to stay safe during the pandemic, leading them to seek out innovative technologies to do so. Brazil-based facial recognition and identification technologies provider Acesso Digital recently reported that more than 5.2

Video 211

Video Report Meeting United States 211

PYMNTS

NOVEMBER 13, 2018

A new survey shows that an increasing number of mergers and acquisitions (M&As) are not going through because of concerns over General Data Protection Regulation (GDPR) compliance.

Compliance 144

Compliance Survey Analytics Regulation 144

PYMNTS

FEBRUARY 26, 2019

It was designed to settle transactions with clients of its wholesale payments operation, mainly for international and securities transactions related to blockchain. The bank said it supported crypto as long as it was properly regulated. “We The bank became the first to create its own cryptocurrency earlier this month.

cryptocurrency 175

cryptocurrency blockchain Bitcoin Payments 175

PYMNTS

MAY 22, 2019

Faced with a growing number of transactions to process in real time, payment service providers (PSPs), financial institutions (FIs) and FinTech firms also need to make sure the security of these smarter payment systems is up to par. Regulators in regions such as Europe are changing the ways they look at cross-border transactions.

Fraud 180

Fraud Payments Regulation Security 180

PYMNTS

APRIL 30, 2020

The COVID-19 pandemic has caused an impact on open banking developments worldwide as regulators, financial institutions (FIs) and businesses set their sights on helping their current customers rather than future innovations. where regulators have been workshopping potential rules for several years. Seventy percent of U.S.

Regulation 188

Regulation Regional Data United States 188

PYMNTS

MARCH 7, 2019

Merchants and customers are now transacting under PSD2 and GDPR in the European Union (EU) — regulations that allow a greater window into how customer data is being used. While these regulations are aimed at increasing consumer trust by allowing them more transparency, many consumers in the region are still adjusting.

Lending 198

Lending Regulation Regional Data 198

PYMNTS

MAY 22, 2017

That depends, says counterterrorism and cybersecurity expert Richard Clarke, on what companies, banks and regulators are willing to learn from the incident. He noted the standards recommended by FIDO Alliance (Fast IDentity Online), a consortium of several major financial institutions and technology companies.

Regulation 116

Regulation National Online System 116

PYMNTS

APRIL 24, 2019

Regulators want to have a greater stake in the way sharing platforms operate. Many of these regulators also now expect sharing and payment services to comply with shifting data regulations, like GDPR. To learn more about how Spotahome is approaching data security and customer trust, read the Playbook’s feature story.

Marketing 179

Marketing Regulation Case Study Security 179

PYMNTS

MAY 22, 2019

Amazon’s technology, called Rekognition , has been under scrutiny as critics of the service have warned of false arrests and incorrect matches. The technology has been used by law enforcement in Oregon and Florida. Securities and Exchange Commission. It has also added a web portal for people to report abuse.

Oregon 148

Oregon United States Florida Washington 148

PYMNTS

FEBRUARY 3, 2020

This prospective growth can largely be attributed to the Monetary Authority of Singapore (MAS), the region’s main regulator, which announced in June 2018 that it would grant five digital banking licenses to third-party companies. The news set off a high-stakes race among today’s top global eCommerce, finance and technology players.

Digital Banking 185

Digital Banking Innovation Maine Regulation 185

PYMNTS

JUNE 10, 2016

In the latest installment of PYMNTS’ Commanders In Chief series, Ted Waz, CEO of DaVincian Healthcare , explains the critical role payments and mobile technology can play in not only fostering financial inclusion, but in connecting the underserved to health care providers around the globe.

Technology 100

Technology Mobile Community Payments 100

PYMNTS

SEPTEMBER 4, 2018

Or will cards with cutting-edge technology win more loyalty from shoppers? Such questions are addressed in a new PYMNTS story that features an interview with Sebastien Clamagirand, general manager of secure payment and identity at NXP Semiconductors. The main message he offered?

Cards 110

Cards Payments United States Maine 110

PYMNTS

NOVEMBER 9, 2018

That, in fact, is one of the main findings in the new Retail Innovation Readiness Index from PYMNTS, powered by FinTech firm AEVI. Innovation And Security. The report found that only 37 percent of businesses have said their innovation efforts are driven by data security concerns. Innovation Divide.

Innovation 174

Innovation Retail Maine Security 174

PYMNTS

MAY 24, 2019

It has also raised concerns among privacy advocates and security experts, with many warning against the dangers of weak security protocols and constant vigilance. The use of IoT technology is gaining steam in alternative industries, such as beer brewing. Can Device Manufacturers and Governments See Eye to Eye on IoT Security?

California 188

California San Francisco Charlotte Security 188

PYMNTS

MAY 21, 2020

As politicians across the globe grapple with the pandemic’s continued economic fallout and the need to get stimulus funds to individuals, corporations and even local governments with speed and security, digital delivery of those dollars is likely to gain increasing traction. So a retail CBDC is now [the ECB’s] main focus.”.

United States 244

United States Regional cryptocurrency Retail 244

PYMNTS

JULY 12, 2019

The news that Google hired contractors to listen to voice recordings from users has prompted a possible investigation by Irish data privacy regulators, according to a report by Bloomberg. The Irish Data Protection Commission, which is Google’s main EU privacy watchdog, received a notification about the breach soon after. .

Google 100

Google Data Maine Apple 100

PYMNTS

FEBRUARY 6, 2019

That reality, of course, places a premium on the accuracy of that data, as well as efficient access to it and the secure storage of all that deeply personal information. Then, regulators can see tangible use cases” that prove the appeal of blockchain in the healthcare space. Healthcare Friction. So have biometrics. Better Patient ID.

blockchain 194

blockchain Data Security System 194

PYMNTS

APRIL 11, 2019

Securing alcohol is one of the grand adventures of life, especially if a person is younger than the legal age to buy. For those plans to succeed, however, a robust system of digital ID is necessary, lest regulators and parents decide such a retail activity is unsafe for children, and take steps to pull it back. reached $1.7

Online 169

Online Retail Regulation Maine 169