PYMNTS

NOVEMBER 7, 2016

Federal Reserve is turning heads for its attention to faster payments, but the Fed has recently announced yet another initiative in the payments innovation space. Last week, the Fed’s Secure Payments Task Force called for comment from industry stakeholders about what challenges they face when it comes to payments security.

Security 193

Security Payments Survey Innovation 193

PYMNTS

DECEMBER 29, 2017

Here are seven developments in 2017 and a forecast of whether or not they will have a lasting impact. Unquestionably, 2017 was one of the most challenging ever in North America due to several natural disasters, which included several powerful hurricanes severely impacting the Caribbean and southern United States. Unplugging.

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United States Alaska Meeting California 123

PYMNTS

DECEMBER 29, 2016

So, what can corporates expect from their banks in 2017? Traditional banks have continued their sloth-like pace in FinTech adoption, added Galarza, which has led corporates to seek innovative services from non-bank players. “In Cyberattacks will continue to threaten financial institutions in 2017,” Gazit wrote.

Security 181

Security Fintech Boston Fraud 181

PYMNTS

NOVEMBER 4, 2020

Fagundes, the release stated, has been charged with numerous crimes, including "operation of a financial institution without legal authorization, fraudulent management of a financial institution, misappropriation, and money laundering," along with violating securities laws. As such, crypto is used more often for illicit purchases of drugs.

Fraud 234

Fraud cryptocurrency Regulation Operations 234

PYMNTS

MARCH 13, 2020

tax code changes passed in 2017 did not soothe these frictions, either, as they shifted income brackets and altered rates, affecting consumers’ refunds and earnings. They carry their payment innovation expectations into the business world. “If Providers should consider innovations that fulfill those requirements.

Millennials 160

Millennials Taxes Innovation Operations 160

PYMNTS

JANUARY 11, 2021

Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA). Storonsky said Revolut wants to develop “many more innovative products” that will advance “innovation and competition” across the financial services sector. The company added bitcoin, ether and litecoin in 2017. 11) that having a U.K.

cryptocurrency 216

cryptocurrency Leadership Bitcoin Fintech 216

PYMNTS

JANUARY 15, 2019

Malaysia’s initial coin offering (ICO) regulations are said to take effect on Tuesday (January 15) per a notice from the Securities Commission (SC) in the country, Coindesk reported. million between 2015 and 2017 through the Finnish bitcoin exchange. dollars, The Telegraph reported.

Bitcoin 108

Bitcoin Regulation New York Video 108

PYMNTS

OCTOBER 16, 2018

So, it is in far-flung corners of the globe where, in recent days, regulators and cross-border efforts have promoted a bit of cross-pollination between tech-savvy upstarts and more entrenched players in the financial arena. At times, that collaboration even moves with a bit of regulatory underpinning.

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Fintech Regulation cryptocurrency Innovation 188

PYMNTS

MARCH 17, 2017

But on the second day of Innovation Project 2017, eyes were beyond Beantown and cast toward the world at large. The movement toward financial inclusion, and toward a consumer experience that is seamless and intuitive and secure, is one that brings companies to share process and perhaps even prosperity.

Innovation 103

Innovation Lending Boston Security 103

PYMNTS

MARCH 18, 2016

” Innovation Project 2016 — where hundreds of leaders across the payments, commerce, tech and security ecosystems joined together under one roof with one mission: navigating the balance between the leading and the bleeding edge. Especially when your talking innovations in payments. So, how did Day 2 end up?

Innovation 100

Innovation Security Industry blockchain 100

NCR

DECEMBER 27, 2017

As December draws to a close, it’s time to look back on the biggest headlines and defining themes of 2017 for the financial services industry. The humble ATM celebrated its 50 th birthday in June 2017. For many financial institutions (FIs), preparing for the EU’s PSD2 regulation has been priority number one in 2017.

ATM 76

ATM Fraud Industry Security 76

PYMNTS

NOVEMBER 27, 2019

Although facial recognition and biometrics offer security authentication and transaction speed, the measure also opens the door to data theft as cybercriminals seek ways to beat the system. The AI giant raised $410 million in a 2017 Series B round.

Regulation 130

Regulation National Security Technology 130

PYMNTS

OCTOBER 19, 2016

According to Brad Fauss, president and CEO of the Network Branded Prepaid Card Association, the recently released regulations on prepaid cards from the Consumer Finance Protection Board could be another instance of good intentions gone wrong. The updated regulations are slated to take effect Oct. Around the Digital Banking world.

Regulation 100

Regulation Cards Digital Banking social media 100

Bank Innovation

DECEMBER 13, 2016

This was a big year for fintech, with new regulations, new startups, and new technologies displayed across events like Sibos and Money20/20, making it clear that the progress of fintech can’t really be stopped. It’s almost time to wave goodbye to 2016. But how will it continue? That’s the real Read More.

Fintech 150

Fintech Regulation Technology Regional 150

PYMNTS

MAY 19, 2019

Regulators are working to ensure the funds of credit union members are protected and that services at the credit union aren’t impacted by the problems. Citing the financial firm’s 2017 annual report, Reuters report it had $2.68 The credit union was formed in 1916. billion in assets and more than 425,000 members.

New York 181

New York Security Customer Experience Innovation 181

PYMNTS

JANUARY 22, 2019

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.

Payments 195

Payments Regulation Security Data 195

PYMNTS

AUGUST 3, 2018

Department of the Treasury report on how to encourage more FinTech, payments executives were mulling over the report, wondering if it would lead to any concrete improvements and giving their ideas to PYMNTS about how to best improve payments innovation and entrepreneurship. FinTech Improvements. Additionally, the report calls upon the U.S.

Fintech 115

Fintech United States Regulation Innovation 115

PYMNTS

AUGUST 12, 2019

Cryptocurrency security firm CipherTrace revealed that crypto criminals have already stolen more than $1.2 The research also showed major shortcomings in certain crypto regulations, with cross-border bitcoin payments from U.S. A new report has estimated that losses related to cryptocurrency thefts, scams and fraud could reach $4.3

Report 153

Report cryptocurrency Fraud Bitcoin 153

PYMNTS

AUGUST 19, 2019

There are billions of devices in the world helping to monitor and regulate everything from room temperatures to restocking the fridge. percent: Projected CAGR of the IoT analytics market from 2017 to 2025. Devices are everywhere – and are now intelligent and interacting with us through all manner of daily routines.

Analytics 192

Analytics Regulation Data US 192

PYMNTS

MARCH 27, 2019

Mobvoi, a China-based artificial intelligence (AI) startup, has almost secured funding to value the company at upwards of $1 billion before an initial public offering, according to a report by Bloomberg. Company Co-Founder Zhifei Li said in 2017 that the company was targeting an IPO in two years. It also comes as the U.S.

Google 152

Google Big Data Innovation Apple 152

PYMNTS

JANUARY 24, 2020

However, government bodies are unable to innovate at the same breakneck pace as retailers or other consumer service industries, as they must adhere to complex regulations, and ensure that their software is not leaving partners behind. Payment Challenges Stall Government Innovations . Forty-four out of the 50 U.S.

Payments 130

Payments US Fraud Innovation 130

PYMNTS

MARCH 18, 2019

Authenticating.com is working to combat identity fraud by combining different solutions to securely automate and outsource identity verification and fraud prevention as a service. According to a 2017 report from the FBI’s Internet Crime Complaint Center (IC3), there have been $1.4

Fraud 108

Fraud Knowledge Base Regulation Data 108

NCR

APRIL 13, 2017

The coming months are set to be a busy time for the payments industry, as 2017 is expected to be a game-changing year as a range of new providers and technologies come to the fore. The post “Record breaking”: What 2017 holds for the UK payments market appeared first on Banking.com. Open banking increases access.

Marketing 72

Marketing Payments Metro System 72

PYMNTS

JANUARY 7, 2019

Government Accountability Office (GAO) said that financial regulators should look more closely at the role of non-bank tech companies in the small business (SMB) lending and consumer lending markets. Those interviewed by the GAO also said that guidelines would be of help in making sure lending is done efficiently. Sandboxes, Gathering Steam.

Lending 150

Lending Fintech Data Wyoming 150

PYMNTS

JANUARY 16, 2020

Application programming interfaces (APIs) comprise one way to speed up services, as they can quickly connect multiple parties while securing transactions and data exchanges. million in October 2017. Financial institutions are only beginning to explore how APIs can support the commercial banking world. Such technology was used 17.5

Strategy 132

Strategy Data Operations Innovation 132

NCR

APRIL 6, 2017

Given the number of regulations they are required to follow when it comes to areas such as data protection – and the high consequences that security breaches can lead to – in past years, many banks may have felt that moving operations to cloud tools would have constituted too high a risk. A cloud-first approach.

Tools 75

Tools Technology Operations Community Bank 75

PYMNTS

MARCH 1, 2018

28) reports by the Global Trade Review , the bank’s senior innovation manager, Joshua Kroeker, held a media call and announced that after developing the trade finance solution for about two years, HSBC is “confident enough to actually do a live transaction” using its blockchain technology. According to Wednesday (Feb.

blockchain 198

blockchain Technology Tools Regulation 198

PYMNTS

JANUARY 4, 2019

In 2017, Indian startups got $10.4 These were OYO Rooms, a hospitality company, which raised $1 billion in September, and food delivery company Swiggy , which also secured a cool billion. Chinese funders were part of 43 funding rounds, which is up from 29 in 2017 and 25 the prior year. billion in funding – the most ever.

Company 162

Company Taxes Innovation Capital 162

PYMNTS

DECEMBER 14, 2018

Throughout the year, that prediction has manifested into reality, as more traditional financial institutions (FIs) turn toward FinTech innovators to address the biggest pain points of the legacy correspondent banking system. The challenges for service providers are lengthy, yet worth the trouble. ”

Fintech 192

Fintech Payments Innovation Regulation 192

Bank Innovation

MARCH 1, 2018

Securities and Exchange Commission is investigating the sale structures of dozens of ICOs that were completed in 2017, according to a report released yesterday by the Wall Street Journal.

Security 199

Security Report Technology Company 199

Bank Innovation

SEPTEMBER 18, 2017

review earlier in 2017 after months of negotiating for MoneyGram’s acquisition; that first application failed to gain security clearance from the Committee on […]. Ant Financial, the Chinese payments company behind Alipay, is planning a third attempt to acquire U.S. money transfer service MoneyGram.

Security 191

Security Payments Company Online 191

Bank Innovation

NOVEMBER 9, 2016

The future of regulations in banking may be uncertain pending the results of yesterday’s election, but one thing we know: On Oct. 1, 2017, a new rule will go into effect for prepaid cards, the CFPB announced last month. The rule will require transaction histories to be provided to users, Read More.

Cards 170

Cards Video Regulation Online 170

Cisco

AUGUST 9, 2022

As these have attacks have evolved, regulatory bodies have updated their regulations to account for the increasing threat of cyber risk. This was revised in 2017, and this consistent framework is intended to be able to help leadership and the board assess their preparedness and risk over time. Threat Intelligence and Collaboration.

Tools 114

Tools Leadership Handbook Security 114

PYMNTS

APRIL 3, 2018

But an increased focus on innovation means the path to understanding what actually constitutes “better” is unclear. That means risks for innovators (and banks) — but a massive opportunity too. Of course, it seems FinTech innovators cannot have a conversation about disruption without mentioning blockchain too.

blockchain 177

blockchain Tools Regulation Fintech 177

PYMNTS

SEPTEMBER 15, 2016

New York Governor Andrew Cuomo and the top bank regulator for the state proposed on Tuesday (Sept. The regulations, if implemented, could cost banks and insurers millions, as banks would be forced to detect and deter incoming cyberattacks to protect consumer data by implementing systems under a chief information security officer.

New York 100

New York Regulation System Industry 100

PYMNTS

FEBRUARY 28, 2019

They must also excel at securely handling payments and personal data, while recommending services at the right moment to enhance transactions along the way. Airbnb on Payments, User Friction and Security Challenges in a Global Market. Further east, Airbnb is taking off in South Korea, with a reported 2.9

Payments 183

Payments User Experience Training Case Study 183

Insights on Business

JANUARY 9, 2019

Highlights of the regulator’s guidance. In the statement, regulators have provided leeway to create innovative new approaches. They agreed not to penalize banks who undertake an innovative “pilot program” even if the program proves unsuccessful. A new approach to AML.

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Innovation Regulation Technology Maine 126