PYMNTS

JANUARY 25, 2019

The General Data Protection Regulation (GDPR), which went into effect May of 2018, has had some serious repercussions on tech companies all over Europe, but especially in the U.K. You have allowed nearly £1k of fraudulent transactions on my card. Deliveroo replied to the comment and the money was refunded later the same day.

Data 178

Data Security social media Fraud 178

PYMNTS

SEPTEMBER 11, 2019

Fraudsters have been increasingly focused on mobile services, with one-third of all fraud attacks worldwide reportedly targeting mobile during the first half of 2018 — a 24 percent year-over-year increase. Financial services providers must run tight ships when offering mobile services, and various techniques can help keep them secure.

Security 113

Security Fraud Mobile Cards 113

PYMNTS

OCTOBER 7, 2019

Merchants in the European Union (EU) are still wondering exactly what changes the regulation will bring when it comes to their relationships with customers. Regulators in many EU countries have their own thoughts on SCA and how long it will take merchants to prepare. Around the PSD2 and GDPR world. About the Tracker.

Regulation 134

Regulation Trends Compliance National 134

PYMNTS

JULY 25, 2017

Protecting digital identities is all about keeping up — keeping up with new technology, new regulations and, of course, bad actors. . Microsoft, for one, partnered with biometric technology provider Fingerprint Cards to debut a new keyboard with a fingerprint sensor built into an otherwise ordinary-looking key.

Security 101

Security Report Regulation Course 101

PYMNTS

DECEMBER 4, 2017

McAfee Labs recently published its 2018 Threats Predictions report , and after a year of high-profile cyberattacks and data breaches, analysts say the threat won’t let up in the new year. In this week’s B2B Data Digest, PYMNTS dives into new research about small businesses’ data security and cybersecurity efforts.

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Security Data Survey Regulation 136

PYMNTS

DECEMBER 9, 2018

With retailers struggling to get compliant with the Payment Card Industry Data Security Standard , qualified security assessors are going to be in more demand and can offer tokenization as one way of achieving compliance.

Retail 194

Retail Report Compliance Security 194

PYMNTS

OCTOBER 18, 2016

businesses collectively facing fines of up to £122 billion in 2018. The regulator will be able to impose a stratospheric rise in penalties for security breaches, and it remains to be seen whether businesses facing these fines will be able to shoulder the costs,” said Jeremy King, director of PCI, in a statement.

Security 100

Security Report Regulation Branding 100

PYMNTS

OCTOBER 16, 2020

million fine for lacking the proper security measures that might have prevented a hacker in 2018 from exposing the financial details of more than 400,000 customers, the U.K.'s British Airways (BA) must pay a $25.8 s Information Commissioner’s Office (ICO) said on Friday (Oct. Although $25.8 s biggest data breaches.

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Data Security System Cards 209

PYMNTS

NOVEMBER 30, 2020

Plus, the United Kingdom government is making a new Digital Markets Unit to enforce regulations that apply to Big Tech. The government of the United Kingdom is creating a new Digital Markets Unit assigned to enforce regulations that apply to Big Tech firms. Most eWallets can only be funded with a debit card or credit card.

Payments 139

Payments Regulation Video Cards 139

PYMNTS

JANUARY 10, 2020

The malware was able to collect data from people for nine months before it was detected, between July 2017 and April 2018. He said it was “very concerning” that the failures were related to what should’ve been “basic, commonplace security measures.”. Due to the breach, 5.6 It pledged to amp up its cybersecurity investments.

Data 130

Data Security Cards Fraud 130

PYMNTS

JANUARY 11, 2021

Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA). He added that Revolut strives to be “the best in class for customer experience, value and capabilities” and offer a full range of services from deposit accounts and overdraft protection to loans and credit cards. 11) that having a U.K.

cryptocurrency 216

cryptocurrency Leadership Bitcoin Fintech 216

PYMNTS

MARCH 7, 2019

Merchants and customers are now transacting under PSD2 and GDPR in the European Union (EU) — regulations that allow a greater window into how customer data is being used. While these regulations are aimed at increasing consumer trust by allowing them more transparency, many consumers in the region are still adjusting.

Lending 198

Lending Regulation Regional Data 198

Abrigo

MARCH 7, 2022

Experts weigh in on regulatory hot topics for 2022 Review these 10 insights into what regulators are looking for in 2022 to help your financial institution pass exams with flying colors. Takeaway 1 Regulators have increased their focus on BSA in the first quarter of 2022, and the crisis in Ukraine will put OFAC in the spotlight.

cryptocurrency 195

cryptocurrency Regulation Fraud Policies 195

PYMNTS

JULY 23, 2020

Regulators in Mexico passed a law governing FinTechs in March 2018, just two months after PSD2 went into effect in the European Union, and others in the region have since followed suit. This steady march toward online banking tools has played a key role in how Brazil’s regulators are structuring its open banking rules.

America 165

America Regulation Regional Tools 165

PYMNTS

JULY 5, 2020

Ernst & Young , the company’s auditor, reported that from 2016 to 2018, Wirecard’s annual earnings nearly doubled to 439 million euros ($494 million). While the rest of the company’s divisions have been touted as highly-profitable, it now appears to be just a show, the report found. But such profits did not exist, the Times reported.

Payments 170

Payments Cards America Report 170

Abrigo

JANUARY 3, 2024

Treasury’s Financial Crimes Enforcement Network (FinCEN) recently issued a new regulation on the requirements, including how AML staff will access the information through a new federal beneficial ownership information (BOI) registry. This definition is different from existing customer due diligence (CDD) rules that took effect in 2018.

Fraud 221

Fraud Regulation Report Compliance 221

PYMNTS

SEPTEMBER 26, 2016

The FinTech companies are disrupting the industry and are a thorn in the side of the traditional players — banks and credit card companies. Global mobile payments will be worth $95 billion annually by 2018, up from $35 billion in 2015, according to research by Juniper. VocaLink was sold by the large U.K.

Regulation 100

Regulation Fintech blockchain Mobile 100

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

JANUARY 31, 2020

We have deep dives into virtual card adoption and self-service technology, as well as a report on Kobe Bryant’s legacy. Bank Is Doing to Drive Virtual Card Adoption. Accounts payable (AP) professionals and vendors still have reservations about adopting virtual cards despite their many benefits. FICO’s Take on Debit Security.

Cards 131

Cards Technology social media Meeting 131

PYMNTS

JULY 4, 2018

February’s announcement that Visa would acquire long-time expense management partner Fraedom was the latest in a string of B2B payments initiatives for the credit card company. Among a flurry of regulatory changes in the payments market, t he Global Data Protection Regulation (GDPR) made a quiet — but long-lasting — impact.

blockchain 102

blockchain America Tools Payments 102

PYMNTS

JUNE 8, 2020

Even customers still shopping in stores are desiring digital payment methods such as contactless cards that allow them to pay without using cash or checks that may carry traces of the virus. Regulators Jump to Tailor SCA for COVID-19. billion) on contactless payments last year, a 16 percent jump from 2018, according to UK Finance.

Payments 150

Payments Regulation Retail Online 150

PYMNTS

FEBRUARY 10, 2020

15 that hackers stole customer names, credit card numbers and other personal information. The CCPA is similar to the European Union’s General Data Protection Regulation ( GDPR ), which took effect in 2018. Security Boulevard research shows that as of Dec. The lawsuit was brought after Hanna Andersson announced on Jan.

California 156

California Retail Compliance Data 156

PYMNTS

MAY 1, 2018

Today’s stories include a new mark in the evolving relationship between payments and biometrics, along with a look at possible new regulation for digital currency. Mastercard Introduces Remote Biometric Card Enrollment. Ether In The Crosshairs Of Regulators. Regulators in the U.S.

Regulation 101

Regulation Boston Bitcoin cryptocurrency 101

PYMNTS

DECEMBER 1, 2019

Peer-to-peer (P2P) lender Zopa will secure a £130 million ($1.67 In December 2018, it became the first P2P lender to be granted a conditional banking license by the Financial Conduct Authority (FCA), with plans for its digital bank offering to include a fixed-term savings product, a credit card and a money management app.

Digital Banking 142

Digital Banking Capital Regulation Lending 142

PYMNTS

APRIL 30, 2019

Cross River and RS2 understand that technology innovators demand regulated, secure payment solutions that address dynamic, ongoing changes in the marketplace,” said Cross River Senior Vice President, Public Affairs Phil Goldfeder. “In RS2 builds payment solutions for upwards of 14 million merchants.

Digital Banking 179

Digital Banking Payments Software Fintech 179

PYMNTS

FEBRUARY 10, 2020

15 that hackers stole customer names, credit card numbers and other personal information. The CCPA is similar to the European Union’s General Data Protection Regulation ( GDPR ), which took effect in 2018. Security Boulevard research shows that as of Dec. The lawsuit was brought after Hanna Andersson announced on Jan.

California 130

California Retail Compliance Data 130

PYMNTS

NOVEMBER 22, 2019

In today’s top payments news, ongoing security concerns have caused the Federal Reserve to take a closer look at the Big Tech firms that serve the banking industry. Goldman CEO Denies Claims Of Apple Card Credit Biases. Security Concerns Prompt Fed To Strengthen Big Tech Oversight. And Former U.S. Google’s $2.1 Wayfair case.

South Dakota 101

South Dakota Apple Taxes Cards 101

PYMNTS

OCTOBER 1, 2019

As fraudsters become increasingly aggressive, new global regulations and solutions are being deployed to keep consumers, merchants and banks safe. Fraud has become particularly problematic in the United Kingdom, where last year card-based losses increased by 19 percent compared to the previous year. Federal regulators in the U.S.,

Fraud 156

Fraud Millennials Regulation Trends 156

PYMNTS

NOVEMBER 16, 2020

They allege that Apple stores tracked user data without getting consent, which is a violation of Europe’s privacy law, the General Data Protection Regulation (GDPR). This is the first time a company is being legally called out for violating the 2018 data privacy mandate.

Tools 153

Tools Apple social media Regulation 153

PYMNTS

FEBRUARY 4, 2019

Twenty-five of them were operational worldwide in 2017, and that number had swelled to 40 by September 2018, with 16 more expected to debut by 2020. billion in 2018 to $26.9 billion in 2018 to $26.9 bank account would be able to securely receive real-time payments by 2020. . The number of card payments was up 10.1

Payments 183

Payments System Cards Policies 183

PYMNTS

OCTOBER 2, 2019

In digital fraud news, new global regulations and solutions are being deployed to keep consumers, merchants and banks safe as fraudsters become more aggressive. 31.3B: Estimated value of global card losses due to fraud in 2018. 7.1B: Minimum number of EMV payment cards in circulation around the world.

Mobile 108

Mobile Millennials Fraud Data 108

PYMNTS

OCTOBER 30, 2020

billion of these payments in 2018 alone for a total of $97.04 Compliance with oversight laws, especially those involving anti-money laundering (AML) or know-your-customer (KYC) regulations, is a perennial struggle for FIs of all sizes. Cash payments are quickly falling to the wayside, with only 26 percent of all U.S.

Operations 228

Operations Payments Compliance System 228

PYMNTS

FEBRUARY 13, 2019

Whether it’s ordering via a ride-hailing app, or streaming their favorite TV shows, they want it to be fast and secure. As such, digital services are racing to deliver a fast and secure experience, while appealing to consumers’ varied preferences around the globe. Digital Services and Their Impact.

Mobile 133

Mobile Data Security Compliance 133

PYMNTS

FEBRUARY 7, 2019

GDPR , which came into effect in May of 2018, offers some roadmap for PSD2, as companies grapple with data protection, storage and sharing. McLain told PYMNTS that his own firm encourages companies to leverage relationships with the companies in the payments ecosystem that are closer to the regulations and instrumental in shaping them.

Guidelines 190

Guidelines Data Compliance Regulation 190

PYMNTS

JANUARY 20, 2020

South African regulators also approved Goldman Sachs for a bank operation license as the firm strives for growth in the most liquid and sophisticated economy on the continent. Africa’s working-age population is anticipated to go up to nearly one billion by 2030, up from 705 million in 2018, according to the African Development Bank.

Operations 150

Operations Capital Groups Apple 150

PYMNTS

SEPTEMBER 21, 2019

It’s National Cyber Security Awareness Month, and industry leaders are zeroing in on some of the most vulnerable targets of cyber scams: small businesses. Even more troubling, however, is the cloud security company’s finding that most SMBs estimate the cost of a data breach to be just $10,000. Stronger passwords.

Data 202

Data Los Angeles Survey Cyber Security 202

PYMNTS

FEBRUARY 4, 2019

A series of regulations was established to encourage a safer, more transparent financial services environment following the 2008 financial crisis. Failure to meet AML/KYC requirement challenges can be costly for FIs, too, with regulators issuing heavy fines for lax security practices or failure to devote sufficient resources to oversight.

How To 161

How To Regulation Compliance Meeting 161