PYMNTS

NOVEMBER 7, 2016

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. “The Secure Payments Task Force is particularly interested in understanding any barriers that may exist to implementing the planned solutions.”

Security 193

Security Payments Survey Innovation 193

PYMNTS

NOVEMBER 27, 2019

The National Standardization Group for Facial Recognition Technology was launched last week by Hong Kong-based SenseTime and 27 other tech companies. 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.

Regulation 130

Regulation National Security Technology 130

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 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

PYMNTS

MAY 15, 2018

The Central Bureau of Investigation (CBI), India’s main investigative agency in the country, has filed charges in the Punjab National Bank fraud case against Nirav Modi, the jewelry retail owner, and his uncle Mehul Choksi, as well as senior executives at the state-run lender.

Fraud 100

Fraud National Maine System 100

PYMNTS

JULY 16, 2018

New rules may loom for technology providers pertaining to privacy — on a national level. In another nod toward privacy, Microsoft wants to see government regulation of facial recognition technology. Bloomberg reported that the top 10 regulated banks in the U.S. Facial Recognition’s Need for Legislation?

National 100

National California Regulation United States 100

PYMNTS

MARCH 23, 2020

Both Kik and the Securities and Exchange Commission (SEC) are seeking a quick end to their legal dispute, CoinDesk reported. It contended that it had not had an unregistered securities sale as of the beginning of 2018 when the SEC first acted. securities rules. Kik contended in its summary judgment motion that it followed U.S.

Bitcoin 132

Bitcoin social media Security blockchain 132

PYMNTS

MARCH 18, 2019

As such, the regulators and FIs seeking to crack down on these activities have their work cut out for them. . 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).

Compliance 181

Compliance Regulation Chicago Tools 181

Gonzobanker

DECEMBER 19, 2017

Heavy-handed regulators. Seriously, sit back with a pocket flask of Pappy Van Winkle, smoke a cigar (or your combustible of choice if you live in Colorado, California, Washington, Oregon, Nevada, Main or Massachusetts) and enjoy the 2017 GonzoBanker Awards. Malls, retail stores and even some bank branch closings proliferated in 2017.

Conference 101

Conference Industry Community Bank Community 101

PYMNTS

MAY 19, 2019

The National Credit Union Administration was named as Municipal Credit Union’s conservator, Linda Lacewell, the state’s acting financial services superintendent, told Reuters. Citing the financial firm’s 2017 annual report, Reuters report it had $2.68 He has agreed to pay Municipal Credit Union $9.9

New York 181

New York Security Customer Experience Innovation 181

PYMNTS

MAY 20, 2020

TIPS is a real-time payments network that the ECB created to build a more streamlined, interoperable Pan-European instant payments rail — one that allows for funds to be transferred quickly and seamlessly among all EU nations on a 24/7 year-round basis. Official guidelines and regulations can only go so far, however.

Payments 210

Payments Guidelines Regional Strategy 210

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.

Fintech 188

Fintech Regulation cryptocurrency Innovation 188

PYMNTS

SEPTEMBER 26, 2018

Australian regulators on Tuesday (Sept. Reports in Reuters said the Australian Securities and Investments Commission (ASIC) announced the completion of its review into Australia’s top four banks and how they managed and remediated issues of non-compliance. .” Those breaches resulted in $361.9

Regulation 108

Regulation National Compliance System 108

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

PYMNTS

FEBRUARY 14, 2018

As previously reported in February, the Federal Reserve said it will not allow the bank to grow in size or scope beyond the slightly less than $2 trillion on the books, in effect curbing asset growth beyond 2017 — a limit that will remain in place until “sufficient improvements” are made that address “widespread consumer abuses.”

Regulation 100

Regulation Conference Compliance Lending 100

PYMNTS

SEPTEMBER 24, 2020

These types of payment flows made up 5 percent or more of the gross domestic product (GDP) for 66 countries in 2019, reaching as high as 20 percent of GDP in nations like Haiti and Nepal. . Maintaining compliance with these important regulations can be challenging, but FIs cannot afford to slip up. The Cost of Compliance .

Compliance 223

Compliance Tools Fraud Regulation 223

Independent Banker

MARCH 31, 2022

“I’m so inspired by the professionalism, integrity and commitment of our executive committee and board of directors as we work together to serve the needs of community bankers across the nation,” says Terry Jorde, ICBA senior executive vice president and chief of staff. ICBA president and CEO Rebeca Romero Rainey echoes this sentiment.

Community Bank 239

Community Bank Community Industry Texas 239

PYMNTS

JANUARY 10, 2019

The auditors found that misused EU funds totaled 391 million euros or $451 million in 2017, in line with the past four years, but the EU’s anti-fraud investigative office OLAF was only able to indict EU member states in 45 percent of cases. The auditors warned that a lack of staff or funding may force it to rely on national authorities.

Fraud 141

Fraud National Regulation Report 141

PYMNTS

AUGUST 3, 2018

The report , released in support of President Trump’s call to regulate the U.S. In general, the department proposed to fuel more FinTech activity in the United States by loosening federal regulations, enacting national data breach protections and drafting “model laws” at the state level to reduce overlapping red tape.

Fintech 115

Fintech United States Regulation Innovation 115

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

PYMNTS

MARCH 8, 2018

Retailers have requested that the House Financial Services Committee take a closer look at draft data breach notification legislation, saying it doesn’t do enough to ensure appropriate data security standards.

Retail 100

Retail District of Columbia Data National 100

PYMNTS

JANUARY 3, 2017

Given the past few days, it seems like 2017 could be a banner year for bitcoin. Bitcoin broke past $1,000 in value on its first day of trading in 2017. The recent price rise has many bitcoin traders feeling optimistic and anticipating anywhere from a value of $1,400 all the way up to $3,000 by the end of 2017.

Bitcoin 126

Bitcoin ATM cryptocurrency United States 126

PYMNTS

FEBRUARY 25, 2019

That is up from just 25 in 2017. Of the players in the financial services industry that reported breaches, the FCA said investment banks reported the most incidents, coming in at 34, which is up from just three in 2017. Retail banks reported 25 breaches compared to 1 in 2017, noted The Financial Times.

Data 139

Data Industry Report National 139

PYMNTS

SEPTEMBER 7, 2020

The Australian Services and Investments Commission (ASIC) has banned John Louis Anthony Bigatton, who was the Australian national representative for crypto platform BitConnect, from engaging in financial services for the next seven years after he was found to be engaging in deceptive practices, a report from Financial Standard finds.

Bitcoin 132

Bitcoin Fraud Payments cryptocurrency 132

PYMNTS

AUGUST 15, 2019

Financial Conduct Authority recently published SCA compliance guidance that noted EU’s PSD2 regulations leave it up to national authorities to determine whether corporate payment service protocols meet the threshold of security required under SCA.

Payments 122

Payments Analysis Cards Compliance 122

PYMNTS

JANUARY 19, 2018

As reported in December 2017, the company started up a lab in Beijing devoted to artificial intelligence (AI). The condition is that they have to abide by Chinese law and regulations. And also that they would not do any harm to Chinese national security and national consumers’ interests.”. That is the bottom line.

Google 106

Google social media National Regulation 106

CFPB Monitor

DECEMBER 16, 2020

The CFPB should rescind the July 2020 rule that rescinded the underwriting provisions in its 2017 rule on Payday, Vehicle Title, and Certain High-Cost Installment Loans (2017 Payday Rule) and reinstate the 2017 Payday Rule. The DOJ, CFPB, and federal banking regulators should prioritize fair lending enforcement.

Policies 78

Policies Regulation Lending FDIC 78

PYMNTS

MAY 23, 2018

South Africa, following a massive breach in October 2017, suffered another attack, with the personal records of 934,000 South Africans being leaked. According to news from The Next Web , the data that was leaked includes national identity numbers, email addresses, full names and text passwords for traffic fines.

Data 100

Data Security Course National 100

FICO

NOVEMBER 1, 2016

Look no further than the US presidential debates , where our two candidates have highlighted the need to address hackers, security breaches and even foreign nations that may be using sophisticated cyber tactics to influence the outcome of the upcoming November elections.

New York 40

New York Regulation Policies National 40

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. In 2015, following a significant increase in nation state and hacktivist attacks on U.S. In 2015, following a significant increase in nation state and hacktivist attacks on U.S.

Tools 114

Tools Leadership Handbook Security 114

PYMNTS

FEBRUARY 14, 2019

corporate structures that are tied to money laundering don’t meet the ownership regulation, but haven’t faced any punishment since the rules aren’t enforced, reported the Financial Times. The National Crime Agency in the U.K. Nearly half of the U.K. ’s corporate registry.

Regulation 115

Regulation Analysis Meeting National 115

PYMNTS

SEPTEMBER 10, 2018

Bloomberg reported that regulators – if they determine that the company should have had measures in place that could have prevented the breach – may levy fines. New cybersecurity regulations may do more harm than benefit for the society if improperly imposed or implemented,” he said. Credit Unions Eyeing Data Security, Too.

Data 116

Data Compliance Security Regulation 116

PYMNTS

JANUARY 31, 2019

NACHA recently released new figures on ACH network volume, revealing earlier this week that Same-Day ACH volume grew 46 percent between Q4 2017 and Q4 2018, surpassing 50 million transactions for the first time. Accelerated payments are taking off in several markets around the world, and NACHA’s latest figures demonstrate U.S.

Fraud 182

Fraud Payments Compliance Regulation 182

PYMNTS

OCTOBER 25, 2017

But, a new report by cybersecurity company Thales e-Security suggests data breaches at financial institutions (FIs) are on the rise, and that information technology (IT) professionals who work for these firms are growing increasingly concerned about the issue. In addition, 78 percent also said they plan to increase IT security spending.

Big Data 103

Big Data Security Survey Data 103

PYMNTS

MARCH 5, 2019

Criminals who seek to use this country as a place to launder money should be in no doubt that they have nowhere to hide,” said Ben Wallace, minister for national security and economic crime. million over 2017 to 2018.

Compliance 134

Compliance Training Taxes National 134

PYMNTS

DECEMBER 14, 2018

Last month, the Financial Stability Board (FSB) calculated a more than 4 percent decline in the number of these relationships between 2016 and 2017. Furthermore, businesses demand reliability and security, he said, and the assurance that services are provided by a regulated party. ”

Fintech 192

Fintech Payments Innovation Regulation 192

PYMNTS

OCTOBER 13, 2017

Foreign property buyers appear to have gotten that message, if research from the National Association of Realtors (NAR) is any indication. Between April 2016 and March 2017, the NAR reported that overseas buyers spent $153 billion on U.S. real estate during the NAR’s April 2016 to March 2017 report timespan. billion on U.S.

California 171

California National New Jersey Report 171