article thumbnail

How The Z-Wave Alliance Is Balancing IoT Interoperability And Security

PYMNTS

This presents problems for developers, who need to make sure that their products run both smoothly and securely. Developers keen on addressing these concerns must carefully consider how to design and connect their devices to provide reliable, secure performance. The reality is the physical frequency that it operates on.

Security 142
article thumbnail

US Seeks International Support on Crypto-Linked Crime

PYMNTS

The equivalence framework will govern a large chunk of financial services, and where the EU can judge whether a third country’s regulations are strong enough to allow that firm to operate within the EU. In terms of cross-border activity, lenders that operate with the U.K. as their home base must have EU subsidiaries in place.

US 146
Insiders

Sign Up for our Newsletter

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

article thumbnail

Fiserv CEO Jeff Yabuki to Speak at Bank Innovation 2017

Bank Innovation

Yabuki joined Fiserv in 2005. Fiserv CEO Jeff Yabuki has joined the speaker faculty of Bank Innovation 2017, taking place March 6-7 in San Jose. Under his leadership, the company has grown revenue to exceed $5 billion annually, and serves more than 13,000 institutional clients. Fiserv also supports this site’s Read More.

San Jose 150
article thumbnail

Financial institutions face increasingly stringent federal breach reporting requirements

CFPB Monitor

In 2005, the federal prudential regulators—including the Board of Governors of the Federal Reserve System (Federal Reserve), Federal Deposit Insurance Corporation (FDIC), and Office of the Comptroller of the Currency (OCC)—issued Interagency Guidance on Response Programs for Unauthorized Access to Customer Information and Customer Notice.

Report 147
article thumbnail

BEC Run Out Of Detention Center Nets Millions

PYMNTS

He and an accomplice operated from Nigeria, targeting the U.S., In terms of data illuminating larger trends, the National Cyber Security Alliance found that roughly 50 percent of smaller firms have been victim of a cyberattack. New Zealand and a number of other countries. The scams netted an alleged $25 million from 2014 to 2016. “In

Idaho 153
article thumbnail

The Future of Checks – Tales From The Crypt

South State Correspondent

The debit card started to rise in popularity in 2004, as did an explosion of ATMs in 2005, affording the general population more access to cash. The channel is not secure, and any criminal can steal, forge, or alter the checks almost at will. From there, checks steadily declined.

Fraud 195
article thumbnail

Is The US On The Verge Of A Contactless Surge?

PYMNTS

When contactless payments started gaining traction in the mid-2000s, there were rampant fears about security. JPMorgan Chase launched a contactless card called Blink back in 2005, then killed it off in 2014 ahead of the push for EMV chip cards. JPMorgan Chase will roll out new Visa-branded contactless EMV cards this year. In the U.S.,

US 140