PYMNTS

JANUARY 9, 2020

Chip cards have been heralded for their improved functionality and security, but they have still failed to address critical authentication problems, leaving retailers to bear the brunt of these vulnerabilities. percent of card-present transactions within the nation were conducted via EMV card between July 2018 and June 2019.

Fraud 131

Fraud Cards Retail Security 131

PYMNTS

FEBRUARY 25, 2020

Because trust companies can’t custody securities in the U.S., Some representatives from the world’s central banks discussed the matter last week in Kyiv, Ukraine, at a conference arranged by the National Bank of Ukraine. 20, which would introduce new standards and rules for how crypto businesses operate.

NJ 130

NJ New Jersey Bitcoin blockchain 130

PYMNTS

JULY 27, 2018

intelligence experts are warning of the risks of major cyberattacks on the technology operating throughout businesses’ supply chains, according to BBC reports Thursday (July 26), raising alarms for enterprises that increasingly rely on software to function and interact with their business partners. A report by the U.S.

Community 104

Community US Software National 104

PYMNTS

OCTOBER 22, 2018

Ukrainian government officials are defending payments made to their digital procurement platform provider, following claims of wasted funds as detailed in the nation’s 2017 budget. 19), the nation’s First Deputy Economic Development and Trade Minister Maksym Nefyodov defended the more than $2.3

National 122

National Conference Report System 122

PYMNTS

FEBRUARY 24, 2020

Financial institutions (FIs) and merchants from other regions have been dipping their toes into the Chinese market, but open banking has compounded the difficulty involved in setting up operations. The major difficulty for FIs and businesses is that some compliance standards are harsher than others, which can lead to security weaknesses.

Regulation 160

Regulation Policies Data Compliance 160

PYMNTS

MAY 18, 2020

We now have one of the strongest capitalized tier-1 ratios in the country and intend on rapidly growing our national footprint, and expanding the products and services we offer to thousands of Australian [SMBs], whose needs have long been ignored by the major banks,” said David Hornery, co-CEO and co-founder, according to FinTech Magazine.

Lending 130

Lending Capital Software Fintech 130

PYMNTS

MARCH 12, 2019

The Australian Securities and Investments Commission (ASIC) is criticizing top Australian banks for what the regulator said is an inefficient process of reviewing internal systems that allowed the banks to charge excess fees to customers.

Regulation 108

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PYMNTS

JUNE 4, 2018

The combination of leaked National Security Agency (NSA) tools, plus state-sponsored capabilities, triggered a systemic event,” Mark Camillo, head of cyber for EMEA at AIG, said in a statement. researcher hadn’t quickly found and activated the kill switch.”. If users didn’t pay within that time frame, the ransom would double.

Data 109

Data National Bitcoin System 109

PYMNTS

SEPTEMBER 17, 2018

He and an accomplice operated from Nigeria, targeting the U.S., The scams netted an alleged $25 million from 2014 to 2016. “In 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.

Idaho 153

Idaho Missouri Cyber Security Fraud 153

Independent Banker

JULY 31, 2022

In partnership with Nymbus, the bank’s custom digital platform is built on a secure cloud-native core banking system with an open API architecture. from 2016 until its sale in 2018. Costello has also held senior roles at Bank of Florida, City National Bank and Nations Bank during his 30-year banking career.

Florida 91

Florida Community Bank Community FDIC 91

PYMNTS

AUGUST 31, 2017

The assault was a distributed “denial of service” (DDoS) attack, which overwhelms a firm’s website so its services don’t operate properly. The same month, Barclays fought off their own cyberattack, according to the National Crime Agency. Our cybercrime officers have analyzed reams of data on the way. “Our

National 115

National Operations Groups System 115

PYMNTS

APRIL 26, 2019

Hackers are still using classified exploits built by the National Security Agency two years after they were stolen, this time to mine for cryptocurrency. According to reports , security research firm Symantec saw an increase in a new malware called Beapy that attacks corporate networks to get the computers to mine for digital tokens.

Bitcoin 115

Bitcoin cryptocurrency blockchain Security 115

PYMNTS

SEPTEMBER 4, 2019

The program launched toward the end of 2016 , but so far only 1,700 businesses have been referred to alternative providers of capital under the program, reports noted. Their brokerage operations continue to be manual, making it impossible to handle a higher number of referrals, reports said. A total of $38.7 A total of $38.7

Data 109

Data Operations Community National 109

PYMNTS

JUNE 11, 2018

Claroty , the cybersecurity company for industrial control networks, announced on Monday (June 11) that a syndicate of investors, including industrial operators and control system vendors, invested $60 million in a Series B round of fundraising. A perimeter defense to cybersecurity in today’s connected world is not enough.

Industry 108

Industry Capital System Security 108

PYMNTS

APRIL 6, 2017

The Germany-based company specializes in online receivables auctions, facilitating the selling of national and international trade receivables, reports said. According to reports, TrustBills is looking to expand internationally; in 2016, the firm saw a separate investment by DZ BANK. percent in FinTech company TrustBills.

National 100

National Report Tools Management 100

PYMNTS

MARCH 18, 2019

Approximately 2 percent to 5 percent of the world’s gross domestic product (GDP) – $800 billion to $2 trillion – is laundered each year, according to a report from the United Nations Office on Drugs and Crime (UNODC). Rethinking Security Strategies . Financial and Ethical Security Strategies.

Compliance 181

Compliance Regulation Chicago Tools 181

PYMNTS

OCTOBER 18, 2016

Kaspersky Lab, the global security company, announced Monday (Oct. The No More Ransom initiative was launched on July 25, 2016, by Kaspersky Lab, the Dutch National Police, Europol and Intel Security, introducing a new level of cooperation between law enforcement and the private sector to fight ransomware together.

Tools 100

Tools Security Maine Analysis 100

FICO

JULY 31, 2019

Where does the vendor operate (e.g., Tools such as the ABC National Risk Score in the US, which provides a general rating of cyber risk for benchmarking, and the FICO® Cyber Risk Score, which provides company- specific metrics, may be leveraged in combination to provide a directionally correct view of relative risk. regions, cloud)?

Cyber Security 70

Cyber Security Management Security Risk Management 70

PYMNTS

NOVEMBER 5, 2019

Digital identities are gaining popularity across industries as businesses, services and other operations increasingly move online. Increased technology adoption brings along additional security concerns, however. Synthetic identity fraud continues to grow, but far slower than when it ran rampant in 2015 and 2016.

Data 101

Data Fraud Security Trends 101

PYMNTS

FEBRUARY 26, 2019

bitcoin — is just a small portion of the amount stolen by hackers in August 2016. A group of central securities depositories (CSDs) in Europe and Asia are looking to work together “on infrastructure to custody digital assets.” That amount — totaling 27.7 Reports said Coinbin has suffered estimated losses of ?29.3

Bitcoin 109

Bitcoin blockchain Report cryptocurrency 109

CFPB Monitor

MARCH 30, 2020

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) includes the following key provisions that affect financial institutions and regulation of financial institutions: Section 4003 – Emergency Relief and Taxpayer Provisions.

Regulation 122

Regulation United States Community Bank National 122

PYMNTS

JUNE 7, 2016

In May, hacktivist group Anonymous warned multiple financial institutions that it was going to take them down as part of Operation Icarus. In the case of the Bank of Greece, an official stated: “The attack lasted for a few minutes and was successfully tackled by the bank’s security systems.

Video 100

Video Groups National Operations 100

PYMNTS

JULY 1, 2019

Entities such as the National Payments Corporation of India — an umbrella organization for operating retail payments in India — have been helping to guide electronic payments adoption. However, more developed nations have been relatively constrained by legacy technologies and entrenched ways of conducting commerce.

Payments 130

Payments Mobile Security National 130

PYMNTS

AUGUST 24, 2019

As new PYMNTS research documents, over the past year, 18 Major League Baseball (MLB), National Basketball Association (NBA), National Football League (NFL) and Major League Soccer (MLS) arenas have deployed biometric solutions by CLEAR. million people in 2016 to 17.2 Attendance at NFL games declined from approximately 17.8

Payments 161

Payments social media Mobile Seattle 161

PYMNTS

JANUARY 18, 2019

Smart trash receptacles are already being used to alert sanitation crews where trash collection services are needed, allowing them to adjust their routes and operate in a cost-effective manner. For citizens to engage with these services and trust them, seamless and secure digital identity tools will be essential.

Millennials 198

Millennials Tools Wyoming Idaho 198

PYMNTS

AUGUST 29, 2016

26) they seized around €1 million earlier in 2016 in connection with a operation that was being run on an online dark market. In a report by CoinDesk , a representative of Finland’s customs office said the online drug site was named Valhalla, which has been in operation since Oct.

Online 101

Online National Operations California 101

PYMNTS

NOVEMBER 21, 2016

mobile network operator. The Telegraph noted Three said the National Crime Agency is looking into the hack and that three people were arrested. Data breaches are becoming more common these days, and it doesn’t matter which country the company resides in.

Data 100

Data National Fraud Course 100

PYMNTS

JULY 25, 2016

Mastercard is mulling an entrance into the China market and could get its application in during 2016 to become a payment provider in what is expected to be the largest market by 2020. China announced this summer that it would let non China-based payment card companies operate in the country, but they would have to follow China’s rules.

Cyber Security 100

Cyber Security Payments Cards Marketing 100

PYMNTS

DECEMBER 7, 2018

The arrest adds complications to an already tense situation between the two nations, who are locked in an ongoing trade war. The presentation appeared to claim that Huawei operated in Iran in compliance with the sanctions. In 2016, U.S. Meng was arrested on Dec. The New York Times reported that Ms.

Fraud 116

Fraud United States New York Compliance 116

PYMNTS

JUNE 23, 2017

In the vein of ransomware attacks that crippled the National Health System earlier this year, the University College attack locked campus computer systems and threatened to install damaging software if users didn’t pay up. Systems were infected June 14, and normal operations did not resume until June 20. But those are the sexy ones.

San Antonio 163

San Antonio Policies Security System 163

PYMNTS

FEBRUARY 16, 2017

Entertainment and ticketing company Live Nation selected AWS as its public cloud infrastructure provider. Live Nation will move its global IT infrastructure to the AWS Cloud, which will aid the entertainment company in scaling for future growth across Ticketmaster, corporate IT and parts of its Festival business. “We

Video 100

Video National Meeting Software 100

PYMNTS

APRIL 25, 2016

billion worth of purchases went through Amex commercial cards in 2016’s Q1, American Express said in its latest quarterly earnings report. World First found a 75 percent increase in the volatility of the pound should the nation leave the European Union. It’s all below in our weekly B2B Data Digest. . . companies, reports said.

Fraud 100

Fraud Cards Lending Analysis 100

PYMNTS

JULY 26, 2017

The federal banking system is, and should be, a source of strength for the nation and its economy. As outlined in the report, however, the OCC again identifies issues related to strategic, credit, operational and compliance risks as top concerns.”. percent in the first half of 2016 but then slowing toward the end. Compliance.

Compliance 115

Compliance System Fintech Report 115

PYMNTS

MAY 27, 2016

The decline in revenue partly came from its shrinking footprint of Sears and Kmart stores — an initiative under which the company plans to shutter another 78 stores in 2016 and accelerating the closure of 50 stores that it had originally planned. Schriesheim is credited with Sears’ cash-raising efforts.

Illinois 101

Illinois Branding National Retail 101

PYMNTS

OCTOBER 9, 2017

With tough sanctions by the United Nations effectively isolating North Korea from the world, the country’s embassies have been forced to engage in illicit businesses to shore up cash and support their operations. billion in trade in 2016. They are expected to bankroll themselves, with any surplus money going to the government.

New York 100

New York National Report Tools 100

PYMNTS

APRIL 20, 2017

Ant Financial was valued at around $60 billion in 2016, though its exact value after an additional $3 billion funding round has yet to be made public. The acquisition of MoneyGram would provide the AliPay operator with a global payments and remittance network.

National 111

National Regional Mobile Marketing 111

PYMNTS

MAY 29, 2018

Ant has additionally invested in several internet-based startups, such as the Chinese bike-sharing company Ofo , food delivery app operator Ele.me , and Indian payment company Paytm. As Ant expands its footprint into wealth management, consumer lending and overseas markets, it has posted a 65 percent leap in profits this fiscal year.

Capital 101

Capital Security Lending National 101