PYMNTS

AUGUST 18, 2016

The financial messaging service known as SWIFT — which operates as a bank-owned consortium and helps payments in the billions of dollars move globally — has been beset by security flaws, has known about those flaws and has done little to address those flaws. So reported Reuters on Wednesday (Aug. So reported Reuters on Wednesday (Aug.

Security 100

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PYMNTS

JANUARY 22, 2021

Now more than ever, consumers have a vital need to access fast, simple and secure ways to move money across borders to support their friends and family overseas," said Nicky Alexander , head of Visa Direct, Europe. "We regulators to tighten the financial reporting requirements of banks and other financial services providers.

Payments 269

Payments Compliance Fraud Regulation 269

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. A ‘breakup’ of Facebook is thus a complete nonstarter,” the document stated, according to WSJ.

social media 291

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PYMNTS

MAY 8, 2019

Federal Trade Commission (FTC) is eyeing tighter scrutiny of small business lending practices as Commissioner Rohit Chopra calls on the regulator to combat predatory SMB loan contracts, reports in Bloomberg said on Wednesday (May 8). Chopra spoke at an agency forum in Washington, D.C.,

Lending 152

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PYMNTS

MARCH 18, 2019

As such, the regulators and FIs seeking to crack down on these activities have their work cut out for them. . Rethinking Security Strategies . Worldwide, banks paid out approximately $321 billion between 2009 and 2016, for example, because they failed to comply with money laundering, terrorist financing and other regulations. .

Compliance 181

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PYMNTS

DECEMBER 7, 2018

When Coinbase was founded in 2012, it was fairly selective about adding new currencies, but eventually changed that strategy. Securities and Exchange Commission (SEC) gave it the go-ahead to close three acquisitions that could potentially allow the trade of security tokens. Coinbase has ambitious plans for cryptocurrencies.

cryptocurrency 172

cryptocurrency Bitcoin Security Strategy 172

PYMNTS

AUGUST 12, 2019

The commerce regulator in Colombia said it will fine Uber over $629,000 because the ride-hailing firm obstructed a regulatory visit two years ago, according to Reuters. . The regulators visited in October of 2017. Uber is not technically legal in Colombia, but it is used widely.

Regulation 100

Regulation America Software Data 100

PYMNTS

SEPTEMBER 21, 2020

In response, HSBC issued a statement: “Starting in 2012, HSBC embarked on a multi-year journey to overhaul its ability to combat financial crime across more than 60 jurisdictions,” the bank said in response to the stories by BuzzFeed News and the International Consortium of Investigative Journalists.

social media 297

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PYMNTS

DECEMBER 10, 2020

identities took center stage in 2012 — the year HSBC, Europe?s KYC regulations require companies to prevent money laundering and protect themselves from being linked to criminal enterprises by accurately verifying their customers? The need for financial services providers to properly verify potential customers? The London-based bank?s

Video 201

Video Digital Banking User Experience Tools 201

PYMNTS

FEBRUARY 21, 2020

regulators to secure a national bank charter, in turn clearing the runway for the entity to accept consumer deposits. Home sales were up 34 percent in the month, the best showing since 2012. The LendingClub announcement follows the news that mobile bank Varo received approval from U.S. Home sales: In a sign that U.S.

Digital Banking 224

Digital Banking Conference Samsung Fintech 224

PYMNTS

OCTOBER 26, 2018

Amid reports this week that changes to accounting standards are coming over the next few weeks, the Securities and Exchange Commission (SEC) has said that financial professionals, including accountants, must be mindful of cybersecurity risks. The total spending came to as much as 12 million euros between 2003 and 2012.

Washington 122

Washington Fraud Security Report 122

FICO

JUNE 20, 2016

RTBF is part of the European Commission’s (EC) General Data Protection Regulation (GDPR), a data protection framework for the European Union (EU) that “will bring in sweeping changes and place new obligations on any business that handles the data of EU citizens, independent of where the business is located.”. And I do mean overhaul.

Regulation 60

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PYMNTS

JUNE 6, 2016

The fact remains, though, that since a 2012 congressional panel hearing that stated Huawei was a security threat, the firm has since tried to come into the good graces of regulators, including suing Samsung on alleged intellectual property theft. Most of that derives from outside the American market, which is dominated by Cisco.

US 100

US United States Samsung New York 100

PYMNTS

JUNE 11, 2020

What is new is the way in which the technology is being incorporated into businesses’ broader efforts to comply with relevant AML/KYC regulations to help mitigate identity theft and fraud and the legislation being adopted to support those technologies and govern the ways they are implemented.

Compliance 186

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FluentBanking

APRIL 18, 2020

It is important to know thoroughly about the syllabus and regulations of any course before enrolling in that. Such limits may be attained in two to three years (2010, 2011 and 2012, respectively) after making the course contents, reading materials, library facilities and coaching facilities available to the candidates.

Regulation 52

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PYMNTS

FEBRUARY 26, 2019

.” Founded in 2012, Boston-based DraftKings offers daily fantasy sports contests across 11 professional sports and in eight countries, including the U.S., and international sports, pursuant to state rules and regulations. and Australia.

Online 108

Online Mississippi New Jersey Boston 108

PYMNTS

MARCH 22, 2016

2011, when Walmart disclosed possible violations in Mexico to the Justice Department and Securities and Exchange Commission. In April 2012, The New York Times reported that Walmart officials had paid $24 million in alleged bribes in Mexico and then shut down an internal investigation into the matter. The probe began back in Nov.

New York 100

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PYMNTS

JANUARY 10, 2019

Between 2012 and 2016, around 15 percent of the total volume of uncovered fraud was recovered, noted the report. The regulator wouldn’t have jurisdiction over Hungary, Poland, Ireland, Sweden, Britain or Denmark, all of which opted out of the program.

Fraud 141

Fraud National Regulation Report 141

PYMNTS

JULY 24, 2019

The fine and the new corporate actions cap an FTC investigation into Facebooks’ alleged violation of a 2012 consent decree, where the company had pledged it would be transparent in how it used data.

social media 109

social media Data Analysis Compliance 109

PYMNTS

APRIL 4, 2017

An attorney from the Wiand Guerra King firm in Florida, Jordan Maglich, shared that there have been 65 Ponzi schemes per year since 2012, equaling around $6 million with a reduction to $3.5 Securities and Exchange Commission (SEC) to uncover Ponzi schemes in the U.S. million in 2016.

Florida 102

Florida Fraud Security Data 102

CFPB Monitor

SEPTEMBER 25, 2019

Mr. Schneider most recently served as the Secretary of the Illinois Department of Financial and Professional Regulation. Brown first joined the Bureau as a program specialist for the Office of Financial Empowerment in 2012. Schneider will serve as Associate Director in the Supervision, Enforcement and Fair Lending Division.

Illinois 60

Illinois Lending Regulation Security 60

CFPB Monitor

JUNE 25, 2020

Department of Homeland Security (DHS) was arbitrary and capricious and hence in violation of the Administrative Procedure Act (APA). Background: In 2012, President Obama’s DHS adopted the DACA program by issuance of a memorandum without notice and comment under the APA. lawful presence without any statutory authorization from Congress.”

Policies 78

Policies Lending United States Conference 78

CFPB Monitor

FEBRUARY 10, 2021

The MOU adds to the current collaboration framework and does not replace existing MOUs between the agencies and state regulators. The agencies will also establish a working group to develop a process for sharing information securely.

Training 78

Training Compliance Meeting Leadership 78

Accenture

SEPTEMBER 22, 2019

The biggest hurdles are around profitability, UK regulation, customer growth and cybersecurity. Regulation. Measures enacted to make the sector more financially secure have also increased costs and reinforced the incumbents’ competitive advantage. Profitability. in the year to February 2019. What the future holds.

Innovation 150

Innovation Metro Apple Marketing 150

PYMNTS

MAY 14, 2019

Morch handled a large swath of territory, including the Baltics, from 2012 until he resigned in April of last year. Ramlau-Hansen worked as finance director from 2001 to 2015, and chaired the Danish financial regulator from 2016 until he stepped down last May. He confirmed the charges on his LinkedIn page, but he did not detail them.

Regulation 108

Regulation Report Groups Management 108

PYMNTS

APRIL 12, 2017

Regulation A+ has made a mostly quiet splash on the market. Years in the making, the regulation was born from the JOBS Act, which was signed into law in 2012, with Title IV of the act — also known as Regulation A+ — enabling average joes to invest in companies seeking capital.

Regulation 102

Regulation Lending social media Operations 102

PYMNTS

NOVEMBER 18, 2019

As politicians and regulators up their pressure on so-called Big Tech in the U.S., In late-October, Snap, the parent company of Snapchat, said it is no longer under investigation by the Department of Justice (DOJ) and the Securities and Exchange Commission (SEC). That was one message on Monday (Nov. Facebook Concern.

social media 100

social media Security Company Regulation 100

PYMNTS

APRIL 30, 2018

During the exchange, lawmakers raised the specter of regulating Facebook — which boasts more than 2.2 similar regulations are already being put to the test in other regions around the world. That effort kicked off in 2012, when the European Commission first began taking steps to advance data protections in the EU.

Data 119

Data Compliance social media Regulation 119

PYMNTS

JANUARY 30, 2019

But as regulators crack down on unfair small business finance practices — and as banks work to comply with new requirements — new revelations have emerged that a U.K. “Some sort of regulation around that seems to be needed.” “Some sort of regulation around that seems to be needed.” ” Ripple Effects.

Report 116

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PYMNTS

OCTOBER 26, 2018

“There is a different between sharing more information, and being able to securely share actual documents,” Armstrong told PYMNTS. The Federal Reserve raised this issue way back in 2012 when it released a report linking the importance of companies’ access to remittance data with their adoption of electronic B2B payments.

Data 150

Data Compliance Payments Tools 150

PYMNTS

JANUARY 16, 2017

The FTC is cracking down on robocall telemarketing businesses, announcing last week it cracked down on two such companies that have been making robocalls to consumers that have been on the National Do Not Call Registry since 2012 or even earlier. In July 2012, in one week alone, the FTC contends the defendants made more than 1.3

Company 100

Company National Operations Marketing 100

PYMNTS

MAY 12, 2016

According to FT , no public or private action was taken against the bank by regulators after the information was disclosed. regulators didn’t seem inclined to take any real steps toward looking into the claims about BSI’s role in tax evasion at the time. But as the FT’s reports showed, U.K. But as the FT’s reports showed, U.K.

Taxes 100

Taxes Fraud Regulation New York 100

PYMNTS

OCTOBER 7, 2019

Identity security is key when it comes to protecting financial information, and it can be devastating if sensitive documents from credit checks fall into the wrong hands, making authentication critical. government has strict standards regarding credit check regulations, and Nav’s investor and partner Experian sets its own expectations.

Tools 101

Tools Data Security Fraud 101

PYMNTS

AUGUST 29, 2016

The Residential Mortgage-Backed Securities Working Group (RMBS) is not exactly a household name, though the coalition of federal and state regulators and prosecutors created in 2012 to “identify, investigate, and prosecute instances of wrongdoing” in the residential mortgage-backed securities market is extremely powerful, if in a behind-the-scenes (..)

Groups 100

Groups America Community National 100

PYMNTS

APRIL 24, 2019

million Google paid to settle a consumer data probe in 2012. But Facebook, like so many other digital firms, especially the biggest ones, is trying to get ahead of regulators and even find an edge as more consumers voice concerns about online privacy. Largest Fine. billion on average as of March 2019. Monthly active users stood at 2.38

social media 108

social media Payments Conference Data 108

PYMNTS

FEBRUARY 24, 2016

Western Union is being questioned by the European Union’s antitrust regulators in relation to allegations that it conspired with banks to push its rivals out of the money-transfer market. Major cases related to this include a 2012 case with HSBC that led a $1.9 billion money-laundering related charge.

Marketing 100

Marketing Fraud Regulation Company 100

Accenture

FEBRUARY 28, 2017

Cash usage will see a clear reduction across Europe—as an example, ATM cash withdrawals in the UK, which peaked at 2.9bn withdrawals in 2012, will fall from 2.7bn withdrawals in 2016 to somewhere between 2 – 2.5bn withdrawals in 2017. Use of Apple Pay, Samsung Pay etc.

Payments 150

Payments Bitcoin Samsung Fraud 150