Remove 2001 Remove Branding Remove Operations Remove Security
article thumbnail

No Pain, No Gain? GDPR, PSD2 And The New Payments Reality

PYMNTS

Last year brought the General Data Protection Regulation (GDPR) deadline, Europe’s attempt to boost online privacy and security for consumers — a law that just resulted in a $57 million fine against Google , which was accused of not doing enough to gain the consent of users when collecting data meant for targeted advertising. 3D Secure 2.0

Payments 195
article thumbnail

In Praise Of The Selfie And The Commerce It Drives

PYMNTS

Granted, he had to sit motionless for up to 15 minutes, according to estimates, but he got the job done and secured his place in history (or, least, earned a page on Wikipedia). Brands are turning narcissism into cold hard cash. astronaut and still-living tough guy Buzz Aldrin took his own self-portrait.

National 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Anullment procedure for the EU version of the FATF Travel rule: Q&A

Money and Payments

The direct consequence is that providers individually and as a sector will be faced with high operational costs, disproportionate burdens and the risk of fines for transgressing fundamental rights of their customers. The story for financial institutions after 9/11/2001 was simple.

article thumbnail

Anullment procedure for the EU version of the FATF Travel rule: Questions and answers

Money and Payments

The direct consequence is that providers individually and as a sector will be faced with high operational costs, disproportionate burdens and the risk of fines for transgressing fundamental rights of their customers. The story for financial institutions after 9/11/2001 was simple.

article thumbnail

Wirecard, Enron And Warning Signs Across Two Decades

PYMNTS

Enron filed for bankruptcy in 2001 after accounting improprieties surfaced; much of the company’s business activities — logged as revenues and profits — had been done though special purpose entities (where it had ownership interests). ” Then the swift downturn — and insolvency. Most recently, Wirecard has said that roughly $2.1

New York 178
article thumbnail

Data Dive, Farewells Edition: Apple, Chase, SoFi, Uber

PYMNTS

iTunes dominated after its 2001 release by putting two things in one place that had never existed before: a digital MP3 player that actually worked, properly paired with a store that made accessing music for a small fee much easier than trying to pirate it. Meanwhile, Jain is the face of SoFi to banks that package its loans into securities.

Apple 122
article thumbnail

24 Lessons From Warren Buffett’s Annual Letters To Shareholders

CB Insights

It also owns 50 subsidiary companies that have 200 more subsidiaries themselves, including Geico (acquired in 1996), Dairy Queen (1997), and Fruit of the Loom (2001). You only find out who is swimming naked when the tide goes out.” ( 2001 ). In spring 2001, Cisco’s shareholders had lost a total of 28.6%

Omaha 78