PYMNTS

NOVEMBER 9, 2020

Here’s the latest news from the technology industry, which is coming under increasing global scrutiny from governments and consumers. Regulation. EU Gears Up To Propose New Big Tech Regulations. Australian Regulator Looks Into Merger Law Changes.

Regulation 211

Regulation social media Compliance California 211

PYMNTS

JULY 30, 2018

India is mulling the idea of requesting eCommerce and social media companies to only store customer data locally, which could impact the likes of Amazon and Facebook and its WhatsApp messaging service in the country. According to a report in Reuters , the plan was laid out in an updated Draft National Policy.

social media 101

social media Data Policies Regulation 101

PYMNTS

FEBRUARY 17, 2020

Breton, who is a former CEO for French telecoms provider Orange and French technology company Atos, is also expected to deliver a set of rules in two days that will rein in the tech giants and state-aided Chinese tech companies. He said any regulations should take this into account.

Regulation 141

Regulation social media Meeting Google 141

PYMNTS

DECEMBER 16, 2020

In today’s top payments news around the world, IBM has bought Canada-based Expertus Technologies, while Gojek is rolling out its new GoBiz Plus point-of-sale (POS) offering. The technology, which is a collaboration with PT Bank Central Asia, functions as a supplement to the GoBiz retailer super app.

Technology 240

Technology System social media Payments 240

PYMNTS

FEBRUARY 18, 2019

Facebook , which has been under fire for months over data scandals, expressed openness to new regulation. According to a report in Reuters citing Facebook’s public policy manager Karim Palant, the executive said the social media giant is “open to meaningful regulation.” Google in 2012 paid $22.5 Google in 2012 paid $22.5

Regulation 134

Regulation social media Company Google 134

PYMNTS

NOVEMBER 23, 2020

Here’s the latest news from the technology industry, which is coming under increasing scrutiny from regulators around the world. EU Auditors: European Commission Needs To ‘Scale Up’ Regulation. New Digital Regulations Could Let EU Ban Tech Firms. California will get $24.6

Apple 193

Apple Regulation social media Compliance 193

PYMNTS

NOVEMBER 18, 2018

Apple ’s CEO believes that new regulations for the tech industry are “inevitable.”. According to the Financial Times , Tim Cook said in an interview that “the free market is not working” and that the tech industry should embrace regulation. Generally speaking, I am not a big fan of regulation,” he said.

Regulation 153

Regulation social media Apple Google 153

Perficient

JULY 10, 2023

But, as one of the most regulated and notoriously untrusted industries, the financial services industry is among the most vulnerable to being impacted by negative digital media, driving up its vulnerability to reputational risk. Reputational risk is convoluted.

social media 170

social media Risk Management Analysis Industry 170

PYMNTS

APRIL 2, 2019

The big tech landscape is one that continues to be populated by regulators, by disparate voices calling for more oversight, more laws, more mandates spelling out what is private and what is not. I believe it would be good for the internet if more countries adopted regulation such as GDPR as a common framework.”

Regulation 115

Regulation social media Google Washington 115

PYMNTS

APRIL 10, 2020

“I think one of the largest reasons [insurers are still using checks] is because claim payments, the paying out of a claim, is [a] loss of money, and it is really hard for companies to focus or invest resources in a place in which you are losing money already,” Michele Schmitt, senior product manager for B2B insurance technology firm Tr?v

Mobile 198

Mobile Technology social media Customer Experience 198

PYMNTS

NOVEMBER 2, 2020

Here’s the latest news from Google and the technology industry, which is coming under increasing global scrutiny from regulatory watchdogs, consumers and organizations. Regulation. The Digital Markets Act is a second set of regulations. Pew Survey: 47 Pct Of Americans Believe Big Tech Should Face Greater Regulation.

Taxes 212

Taxes National Regulation Google 212

PYMNTS

OCTOBER 16, 2020

Facebook’s Ireland and United Kingdom unit has agreed to change the way Instagram works to “make it much harder for people to post an (advertisement) on Instagram without labelling it as such,” Britain’s top antitrust regulator announced Friday (Oct.

social media 212

social media Branding Guidelines Regulation 212

PYMNTS

MARCH 31, 2019

Facebook CEO Mark Zuckerberg wrote an opinion piece in The Washington Post calling on regulators to take a “more active role” in making rules for how to police the internet, according to reports. “By Federal Trade Commission is gearing up to hold talks with state attorneys general about Facebook and Google ’s position in the technology space.

Regulation 151

Regulation Louisiana social media Washington 151

PYMNTS

DECEMBER 3, 2020

regulators are eyeing complaints that Facebook is muscling out the competition in the virtual reality area, as more than 40 states gear up to file an antitrust lawsuit against the company next week. 3) that virtual reality startups are accusing Facebook of muscling out the competition in that up-and-coming technology.

Regulation 141

Regulation New York social media Apple 141

PYMNTS

SEPTEMBER 30, 2020

Consumers and businesses have been moving online in recent years, and regulators from the European Union to the Middle East and North Africa (MENA) region have worked to keep up with this migration. The pandemic is dramatically altering how merchants can transact, which data they can store and where they can store it, however.

Regulation 175

Regulation Data Regional Examples 175

PYMNTS

AUGUST 23, 2018

The Chinese government has a complicated relationship with cryptocurrency: While it seems to be enthusiastic about the applications of blockchain technology, the country has banned initial coin offerings (ICOs) and blocked crypto trading sites. Why WeChat? billion fund focused on the blockchain.

social media 100

social media cryptocurrency blockchain Technology 100

PYMNTS

MAY 16, 2019

Across the European Union (EU), technology providers and social media platforms are increasingly playing a bigger role in the Open Banking ecosystem. At the same time, however, many players, like Facebook and Google , are squaring off against regulators that are looking at their data and payment policies with more scrutiny.

social media 161

social media Compliance Innovation Data 161

Gonzobanker

JULY 13, 2023

Vendors need to be able to explain their AI technology to bankers in layman’s terms “An algorithm is what software engineers call something when they don’t want to explain what they did.” — Modern Adage Every vendor these days is talking about how their software has magical “AI” algorithms in it.

Technology 78

Technology Software social media Fraud 78

Abrigo

JANUARY 4, 2023

banking regulators recently warned financial institutions that dealing with cryptocurrency exposes them to an array of risks. Social media scams: The FTC reports that half of those who have reported crypto losses since 2021 said the scam began with an ad, post, or message on social media. Stay in the know.

social media 195

social media Fraud cryptocurrency Trends 195

PYMNTS

DECEMBER 12, 2019

The China Securities Regulatory Commission , China’s security watchdog, is setting up a technology regulation bureau and will announce Yao Qian as its new department chief, the Chinese business publication Caijing said on Wednesday (Dec. 11), as reported by Coindesk.

Bitcoin 131

Bitcoin Fraud Regulation social media 131

PYMNTS

JULY 17, 2020

Facebook Inc’s top executives could be required to testify before the Federal Trade Commission (FTC) as the regulator investigates whether the California-based social media conglomerate has violated U.S. antitrust laws, sources told The Wall Street Journal. billion global users. states and the DOJ.

social media 160

social media California Google Apple 160

Bussman Advisory

MARCH 10, 2023

The post Silicon Valley Bank is shut down by regulators | Meta exploring a new social network that could compete with Twitter | WealthTech Radar 2023 appeared first on Bussmann Advisory AG. We offer advisory services for the executive team and in-person or virtual courses with tailored topics.

social media 52

social media Regulation Fintech blockchain 52

TheGuardian

MARCH 17, 2023

Those companies include crypto outfits and venture capital firms typically opposed to the kind of government intervention they benefited from on Sunday, when regulators moved to guarantee SVB customers immediate access to their largely uninsured deposits. Continue reading.

Regulation 75

Regulation social media Capital Innovation 75

PYMNTS

MARCH 31, 2020

The necessity of such regulations is undeniable, however, as lagging data standards leave businesses and consumers open to fraud and boost frustration regarding the speed of digital transactions. regulators are searching for solutions that can make the privacy landscape more cohesive, with Sen. Sixty-three percent of U.S.

Regulation 154

Regulation Data US Washington 154

PYMNTS

SEPTEMBER 23, 2019

Advanced technology is increasingly raising the stakes of how CUs should operate, with members coming to expect the instant payments and slick mobile interfaces that large banks and FinTechs have made standard. Deep Dive: How CUs Leverage Social Media. Credit unions (CUs) are facing an ever-shifting financial services landscape.

social media 157

social media Trends Michigan United States 157

PYMNTS

JULY 30, 2018

Virginia Senator Mark Warner, vice chairman of the Senate Intelligence Committee, released a policy paper detailing 20 options for the government to start regulating big tech a lot more closely. In fairness to Facebook, it is far from the only target of the regulations. The Suggested Regulations. What It Targets (and Why).

Regulation 101

Regulation Policies social media Data 101

PYMNTS

OCTOBER 4, 2020

Facebook bought Instagram, the photo- and video-sharing social networking service, in 2012 for $1 billion and WhatsApp, the cross-platform messaging service, in 2014 for $19 billion. Other technology giants including Google , Amazon and Apple are also facing probes. There is no ‘it’s too hard’ defense,’” Wu told WSJ.

social media 291

social media Austin Chicago User Experience 291

PYMNTS

DECEMBER 15, 2019

In other news, Sweden’s Riksbank has put into place the public procurement of a supplier of technology to the eKrona pilot project and intends to make an agreement with Accenture, according to an announcement. The main goal of the project is to widen the bank’s understanding of the eKrona’s technological potential.

Bitcoin 133

Bitcoin blockchain Regulation social media 133

PYMNTS

JUNE 20, 2019

Unlike social media … the terms of engagement for innovations such as Libra must be adopted in advance of any launch.”. One thing he wants to do right away is to enhance the coordination between financial regulators in the country. “To separates from the European Union. To remain a dominant player we in the U.K.

Regulation 116

Regulation social media cryptocurrency Capital 116

Abrigo

JULY 13, 2023

A scam usually begins with online contact via social media or dating apps. Crafty scammers exploit weaknesses in fraud and anti-money laundering (AML) compliance programs such as outdated technology, human error, or inadequate monitoring systems. Navigate your BSA exam with tips from this on-demand webinar.

Fraud 195

Fraud cryptocurrency Training social media 195

PYMNTS

JANUARY 3, 2019

You can be sure that one area of regression involves social media. New research, in fact, supports that idea — specifically, the high value that consumers attach to Facebook , and the high cost it would take to make them leave the social media platform. But that doesn’t mean consumers plan to leave Facebook anytime soon.

social media 186

social media Study San Francisco Data 186

PYMNTS

DECEMBER 16, 2020

The December Mobile Order-Ahead Tracker ® explores the latest digital ordering developments, including how restaurants can apply the lessons they have learned in 2020 to the post-pandemic world, the tools and technologies used to fight fraud, and fraudsters’ latest schemes to make off with customers’ cash, rewards points and valuable personal data.

Fraud 310

Fraud social media Mobile Trends 310

PYMNTS

DECEMBER 13, 2018

Recently, though, many CUs have turned to technology-driven solutions to help members more efficiently communicate their needs and feedback. CUs are also actively communicating with law enforcement agencies, keeping regulators informed about suspicious activity, while receiving tips on noticeable trends that these same agencies are eyeing.

Regulation 135

Regulation South Dakota ATM New York City 135

PYMNTS

OCTOBER 14, 2019

Since the social media giant revealed its plans for Libra earlier this year, politicians, officials and regulators have all expressed concerns about the project, and how it can lead to financial instability, as well as be used for money laundering.

social media 124

social media cryptocurrency Regulation Policies 124

Abrigo

JULY 10, 2023

An example of a rising AI fraud scheme is using voice-to-text technology, such as Microsoft’s new Vall-E Text-to-Speech System. This technology can convert written words into speech that sounds like a recorded person using only three seconds of a voice recording.

Fraud 150

Fraud How To social media Security 150

PYMNTS

APRIL 12, 2018

Simpson, Consumer Watchdog’s privacy and technology project director. Consumer Watchdog pointed out that Facebook’s latest breach violates its 2011 consent decree with the FTC, adding that the social media giant should be fined. On Tuesday (April 10), Senators Edward J. The past 14 years have proven this,” said Simpson.

Regulation 101

Regulation social media United States Online 101

PYMNTS

FEBRUARY 11, 2019

According to a report in Reuters , the panel is summoning Dorsey after he failed to attend a hearing in the country looking at the rights of citizens on social media. As a result, the parliamentary committee on information technology made the move to summon him to appear on February 25. “We companies operating in the country.

social media 115

social media Policies Conference Regulation 115