PYMNTS

DECEMBER 26, 2018

The following piece was written by Rob Eleveld, CEO of Whitepages Pro , as a contribution to our 2018 year-end eBook. . Payments 2018 was a year of accelerated disruption. The acceleration of technology, global transacting, and identity verification needs has given us a year of “the best of times and the worst of times.”

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eBook Fraud Data Payments 149

PYMNTS

JANUARY 29, 2019

For payments and commerce , there’s another uncertainty that hangs in the air: Will legal online sports betting keep going forward, despite a recent decision by the U.S. First, a review and update about the online sports gambling situation in the U.S. Now, at least eight states have some form of legal online sports betting.

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Online Las Vegas New Jersey Fraud 169

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. The latest company to be affected may be food delivery app Deliveroo, according to a report in the Financial Times.

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Data Security social media Fraud 178

PYMNTS

MARCH 21, 2019

It might not have been inevitable, perhaps, but it was certainly expected: a regulatory backlash concerning the booming trade (both online and in brick-and-mortar stores) of eCigarettes , with their different flavors attractive to younger consumers — including underaged ones. While the FDA decision shows that the U.S., Authentication Process.

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Online Retail Regulation Trends 152

PYMNTS

JUNE 29, 2020

The rise of online and contactless transactions in the European Union, for example, has meant that many merchants are making the bulk of their sales away from brick-and-mortar stores. The health crisis has brought about changes to this rule, however, and these may have long-term implications for payment standards and regulations.

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How To Payments Management social media 239

PYMNTS

SEPTEMBER 23, 2020

Banks in the EU have been racing to comply with the General Data Protection Regulation ( GDPR ) and the revised Payment Services Directive ( PSD2 ) since both measures were enacted in 2018. He explained that the cloud can help FIs swiftly respond to compliance and security challenges during the pandemic.

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Compliance Regulation Guidelines Security 225

PYMNTS

MARCH 27, 2020

While the advancement of open banking regulations may be seeing a small skip due to the spread of the coronavirus , many countries saw business and typical banking operations halted right after deciding upon new online privacy rules. Around The Data Protection And Security World. Security .

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Data Retail US California 199

PYMNTS

SEPTEMBER 17, 2020

Securities and Exchange Commission ( SEC ) filed an “emergency action” against former NS8 Inc. which is based in Nevada, purportedly provides online retailers with fraud detection and prevention technology, according to the statement. Its complaint charges Rogas with going against the anti-fraud parts of federal securities regulations.

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Nevada Denver Fraud Security 253

PYMNTS

APRIL 8, 2019

Australian financial regulators are feeling pressure to ensure financial institutions treat customers properly and have turned to artificial intelligence (AI) in an attempt to improve compliance, according to a report by the Financial Times. They also lied to regulators and adversely cost customers millions by giving bad advice.

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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. Growing interest in open banking typically coincides with the expanding use of online financial platforms and tools.

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America Regulation Regional Tools 165

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.

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Security Fraud Mobile Cards 113

PYMNTS

AUGUST 10, 2018

At first glance, 2018 is shaping up to be a year that has brought meaningful consumer, regulatory and legislative backlash against lax online privacy. consumers were aware of the Cambridge Analytica scandal, with the incident resulting in 57 percent of those consumers reporting they are more concerned about data privacy and security.

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Online social media Baltimore Data 101

Abrigo

MARCH 11, 2022

Expert insights on 10 regulatory topics that NBFIs should consider this year Review this list of what regulators are looking for in 2022 to help your NBFI pass exams with flying colors. Takeaway 3 NBFIs should review common deficiencies in AML programs that regulators are citing and fix issues before their next audit or exam.

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Regulation cryptocurrency Policies Management 195

PYMNTS

AUGUST 14, 2020

Ahead of an intended initial public offering (IPO), Alibaba Group Holding’s Ant Group has conducted a preliminary filing with the securities watchdog of China, Reuters reported. The firm runs online payment service Alipay that was introduced in 2004 and has reportedly grown into the biggest payment and lifestyle platform in the world.

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Groups Security Report Regulation 262

PYMNTS

JULY 21, 2020

Open banking is appealing to financial institutions (FIs) and regulators in many markets, even as the pandemic sweeps across the world. Regulators in other regions, including Latin America, are also shaping and announcing plans to enable open banking and better support digital financial systems.

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Mobile Report America Regulation 229

PYMNTS

NOVEMBER 16, 2020

FinTech with a focus on small businesses secures a restricted banking license. Recognise, a subsidiary of Britain's City of London Group , has been awarded a restricted banking license by regulators in the U.K., Recognise was created in 2018 with a mandate to serve small and medium-sized businesses.

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Security Samsung Resources Management 141

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.

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Payments Regulation Security Data 195

PYMNTS

JULY 13, 2020

Many customers have grown accustomed to virtual tours and online onboarding processes and may not wish to return to paper-based or manual methods. One study showed that 44 percent of individuals in 2018 began their house-hunting journeys by looking up potential properties online before contacting real estate professionals.

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Data New York City New York Fraud 198

PYMNTS

SEPTEMBER 26, 2016

The newspaper cited Ripple’s use of blockchain technology and the ability of two small banks, one in Canada and one in Germany, to complete cross-border online transactions in record time as an example of the latest banking innovations. While most international bank transfers take days to complete, this took just 20 seconds. trillion in 2019.

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Regulation Fintech blockchain Mobile 100

PYMNTS

NOVEMBER 7, 2019

And for merchants, for European banks, for payment service providers, the landscape is changing for data privacy and security. Data: 84 percent: Share of GDPR-compliant companies that say the regulation has boosted customers’ trust. 20 percent: Portion of EU countries that have had fines administered since the May 2018 debut.

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Payments Data Regulation Security 100

PYMNTS

JULY 3, 2017

Even in the quiet seasons, the online travel market is susceptible to the trade winds, and they don’t always blow in agents’ favor. But what hurts a business (especially a small one) more than an October snowstorm is when online fraudsters use CNP transactions to steal their services. The Rise of CNP Fraud.

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Online Payments Fraud Cards 112

Accenture

JULY 19, 2017

The PSD2 regulatory technical standards for strong customer authentication (SCA) and secure communication (SC) are proving difficult to finalize. However, PSD2 is still slated to become law across the EU in January 2018, and PSPs have to be compliant with it by then.

Security 180

Security Online Compliance Fraud 180

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.

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Lending Regulation Regional Data 198

PYMNTS

SEPTEMBER 2, 2020

Securities and Exchange Commission over its alleged failure to disclose practices in which it would sell clients' orders to high-speed trading firms, according to a report by The Wall Street Journal. Robinhood reportedly didn't disclose the practice on its website until 2018. But it hasn't been without its various issues.

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Report Regulation Company Security 233

PYMNTS

JUNE 8, 2020

Retailers have had to swiftly adapt to markets where online transactions have ballooned exponentially. The shifts to SCA payment limits as well as its deadline are showing regulators how the rule is currently working for merchants and consumers and suggesting how it could indicate broader, more complex upgrades to open banking in the future.

Payments 150

Payments Regulation Retail Online 150

PYMNTS

FEBRUARY 24, 2020

The country’s government and regulators are keeping pace with those in the European Union and the U.S. as they upgrade their online data and financial rules to support global digital banking innovations. Confronting the Chinese Privacy Myth . In China, there is [an] ever-shifting gray line,” Chorzempa said.

Regulation 160

Regulation Policies Data Compliance 160

PYMNTS

AUGUST 12, 2020

Online wealth management platform Lufax is the latest to file plans for an IPO in the United States as Chinese firms rush to go public before tough new federal disclosure rules go into effect. Securities and Exchange Commission (SEC) on Monday (Aug. regulators, a move that would put the firms into conflict with secrecy laws in China.

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US United States Lending Regulation 147

PYMNTS

MAY 23, 2019

“What ends up being really, really important is offering a balanced approach, and making sure that those channels are integrated, so that if I start a process online or in person, I can change channels to finish it,” Chambers said. Consumers, he added, are accustomed to those experiences in the rest of their lives.

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Online Millennials Digital Banking Maine 123

PYMNTS

JUNE 4, 2018

Digital is turning us into freelance workers whose worries about healthcare costs could finally help drive down those prices, and whose online purchasing seems increasingly likely to be influenced by Alibaba and other China-based operations. on-demand workforce will increase 23 percent year over year in 2018, with some 6.8

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Google United States Trends Data 110

PYMNTS

DECEMBER 14, 2018

They must deliver services that customers and clients demand while securing their personal data. In this month’s Deep Dive, PYMNTS examines how data can improve customers’ experiences, and how regulations can keep their data safe. Other data-focused regulations also went into effect this year. More Data, More Innovation.

Payments 180

Payments Regulation Data Security 180

PYMNTS

FEBRUARY 10, 2020

The CCPA is similar to the European Union’s General Data Protection Regulation ( GDPR ), which took effect in 2018. The CCPA is intended to give consumers control over their personal information online. Security Boulevard research shows that as of Dec. The California law is more specific and more punitive for breaches.

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California Retail Compliance Data 156

PYMNTS

OCTOBER 11, 2019

Member ING Bank was fined 775 million euros ($852 million USD) in 2018 for failing to prevent criminals from siphoning millions of euros through it over a six-year period, for example. Consumers want speed and personalization, but they don’t want to sacrifice security,” he said. AML Strategies and Innovation Quirks.

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Strategy Innovation Security Fraud 123

PYMNTS

JULY 6, 2020

Travala.com , the Binance-backed online trading agency, will be allowing travel bookings through Expedia paid for in cryptocurrency for the first time since 2018, according to CoinDesk. The feature was shelved at that time, as Expedia’s systems weren’t set up to accept bitcoin payments.

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Bitcoin cryptocurrency blockchain Regulation 169

PYMNTS

OCTOBER 22, 2020

tZERO announced that its tZERO Markets retail broker-dealer subsidiary is now online and has rolled out a web application, according to a Wednesday (Oct. Now that tZERO Markets is live, it will provide its customers with a superior experience for onboarding and trading digital securities. 21) announcement.

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blockchain Retail Bitcoin cryptocurrency 168

PYMNTS

JANUARY 13, 2020

In today’s top payments news, Wells Fargo is trying to revamp its approach to technology to appease regulators, and Goldman Sachs finally launches a mobile app for its online-only bank, Marcus. Mattress Maker Casper Files IPO After $92M Loss In 2018. Also, Karen Webster examines the economics of delivery aggregators.

Mobile 131

Mobile Payments Regulation Resources 131

PYMNTS

FEBRUARY 10, 2020

The CCPA is similar to the European Union’s General Data Protection Regulation ( GDPR ), which took effect in 2018. The CCPA is intended to give consumers control over their personal information online. Security Boulevard research shows that as of Dec. The California law is more specific and more punitive for breaches.

California 130

California Retail Compliance Data 130

PYMNTS

OCTOBER 1, 2019

As fraudsters become increasingly aggressive, new global regulations and solutions are being deployed to keep consumers, merchants and banks safe. Federal regulators in the U.S., The agency reported that more than 21,000 individuals were tricked into sending $143 million in romance scams in 2018 — triple the rate reported in 2015.

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Fraud Millennials Regulation Trends 156