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

MARCH 14, 2019

Canada wants to redo securities regulations to include cryptocurrency trading operations like Quadriga, which lost the ability to access $195 million of investor holdings after the death of Gerald Cotten, its founder. It said 2018 saw the theft of crypto assets totaling $1 billion from platforms across the globe.

cryptocurrency 139

cryptocurrency Regulation Security Operations 139

PYMNTS

OCTOBER 18, 2016

businesses collectively facing fines of up to £122 billion in 2018. The report noted that cybersecurity is a huge issue for businesses operating in the U.K. Cybersecurity breaches could result in U.K. The report noted that, while the U.K. If the breaches continue at the same pace, PCI estimated the fines would rise from £1.4

Security 100

Security Report Regulation Branding 100

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.

Security 136

Security Data Survey Regulation 136

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 .

Data 199

Data Retail US California 199

PYMNTS

SEPTEMBER 12, 2019

Financial services providers that slack on regulatory compliance and fail to safeguard their operations against money laundering, terrorist financing and other criminal activities may face damaged reputations and significant fines. billion — 91 percent — of those penalties, while European regulators demanded $1.7 imposed a full $23.52

Fraud 189

Fraud Fintech Compliance Regulation 189

PYMNTS

JANUARY 11, 2021

Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA). Revolut was granted a European Union banking license in Lithuania in December 2018 and has begun operations in central Europe. The London-based FinTech was founded in 2015 and has secured more than $580 million in funding on a $5.5

cryptocurrency 216

cryptocurrency Leadership Bitcoin Fintech 216

CFPB Monitor

JANUARY 9, 2020

The New York Department of Financial Services has sent a letter to the institutions that it regulates requiring each such institution, by February 7, 2020, to provide to DFS a description of its “plan to address its LIBOR cessation and transition risk.” (LIBOR is the acronym for the London Inter-Bank Offered Rate.).

Regulation 78

Regulation New York Management Taxes 78

PYMNTS

JANUARY 30, 2018

Regardless of where blockchain makes its mark, what is certain is that corporates have to trust that a largely unfamiliar innovation will work the way it should; that means securely, efficiently and easily. billion raised via controversial initial coin offerings (ICOs) have been lost to lapses in security, including phishing attacks.

blockchain 144

blockchain Security Software Tools 144

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. That’s according to TokenEx , which recently hosted a webinar to help retailers better understand tokenization.

Retail 194

Retail Report Compliance Security 194

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 country’s government and regulators are keeping pace with those in the European Union and the U.S.

Regulation 160

Regulation Policies Data Compliance 160

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

JUNE 12, 2020

In Canada, the Ontario Securities Commission this week reported that Quadriga CX, a crypto-trading platform that collapsed in that country last year, was nothing more than a glorified, high-tech Ponzi scheme. But according to regulators, the money was largely gone anyway. He] covered this shortfall with other clients’ deposits.

Regulation 160

Regulation Fraud Report Course 160

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

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

Google 110

Google United States Trends Data 110

PYMNTS

JANUARY 14, 2021

Commerzbank Chief Risk Officer Marcus Chromik told a parliamentary committee that the bank agreed to extend credit to Wirecard in 2018, based on assurances about the company's prospects. The scandal has widened since then to include regulators and banks, in addition to the individuals running Wirecard.

Fraud 146

Fraud Regulation Operations Report 146

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. Application program interfaces (APIs) bring much needed convenience to banks operating a variety of tools needed for daily operations.

Mobile 131

Mobile Payments Regulation Resources 131

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.

Mobile 229

Mobile Report America Regulation 229

PYMNTS

JUNE 8, 2020

The pandemic has thrown daily operations for merchants in the EU and the U.K. 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. 14, 2021. “The

Payments 150

Payments Regulation Retail Online 150

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

JANUARY 24, 2020

Securities and Exchange Commission (SEC) is looking into whether the bank lied to investors by artificially inflating its performance metrics, as well as whether it punished whistleblowers. The bank has also been compelled to operate under about 14 consent orders from regulators like the OCC, SEC, and the Consumer Financial Protection Bureau.

Regulation 180

Regulation Community Examples Security 180

PYMNTS

NOVEMBER 2, 2020

In 2018, the Postal Service piloted the FBI partership program at two post offices in Washington, D.C. The Postal Service operates 31,000 post offices, and 99 percent of the U.S. A Government Accountability Office (GAO) report found that in 2018, the Postal Service's retail facilities accounted for about $10.5

US 191

US Washington Report Policies 191

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. has now been approved to operate its derivatives platform, CoinDesk reported. In other news, a subsidiary of cryptocurrency exchange Kraken in the U.K.

Bitcoin 169

Bitcoin cryptocurrency blockchain Regulation 169

PYMNTS

MARCH 19, 2018

Securities and Exchange Commission (SEC), which pointed out that investors may have a false sense of security triggered by the operating label of an “exchange.”. Concerns over regulation will likely continue to plague the crypto, according to analysts. The declines could also be attributed to comments from the U.S.

Bitcoin 123

Bitcoin Regulation cryptocurrency Security 123

PYMNTS

MAY 8, 2020

Consumers sitting down to bet through their computers or phones likely do not want to receive winnings via checks and expect effortless digital payments — even with online gambling platforms’ security measures ensuring winners are properly verified. Betting service 888.com The COVID-19 pandemic may have led more U.S.

Online 176

Online Industry New Jersey Pennsylvania 176

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.

Capital 131

Capital Groups Apple Operations 131

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. million tourists using the platform in 2018, a 56 percent increase over the prior year. Airbnb on Payments, User Friction and Security Challenges in a Global Market.

Payments 183

Payments User Experience Training Case Study 183

Independent Banker

JULY 31, 2022

Locality Bank, a digital-first community bank serving south Florida that opened in January, is run by industry veterans with such successful track records that regulators signed off on their application for a charter in less than a year. from 2016 until its sale in 2018. Location: Fort Lauderdale, Fla. Built on a solid foundation.

Florida 91

Florida Community Bank Community FDIC 91

PYMNTS

SEPTEMBER 12, 2018

regulators turn down its plan to pay back customers who purchased auto insurance they didn’t need. In June, Wells Fargo submitted the plan to regulators as part of a $1 billion settlement it reached with the CFPB and the OCC. Reuters noted that there is no deadline for when the regulators need to sign off on the plan.

Regulation 100

Regulation Operations Fraud National 100

PYMNTS

JANUARY 24, 2020

Securities and Exchange Commission (SEC) is looking into whether the bank lied to investors by artificially inflating its performance metrics, as well as whether it punished whistleblowers. The bank has also been compelled to operate under about 14 consent orders from regulators like the OCC, SEC, and the Consumer Financial Protection Bureau.

Regulation 130

Regulation Community Examples Security 130

FICO

JULY 13, 2020

Two months ago, I posted about why it is important for collections operations to adopt a forward-looking approach to debt management – basically the importance of having a clear and compelling vision. New guidelines from the FCA that call for operational resilience in collections reinforce this point. The Expectation for Resilience.

Meeting 52

Meeting Operations Customer Experience Technology 52

PYMNTS

NOVEMBER 17, 2020

targeting both individuals and merchants during the first half of 2018, hitting £148 million ($191 million USD) in losses. The Payment Systems Regulator, a subsidiary of the U.K.’s London-based financial services trade association UK Finance found that there were 34,129 cases of APP fraud in the U.K. Fighting Back Against APP Fraud.

Fraud 223

Fraud Payments Survey Security 223

PYMNTS

JANUARY 6, 2020

European countries that have not implemented PSD2 or some form of open banking have been an object of curiosity for the banking world since the regulation took effect in 2018. Turkish regulators and government officials spent less time deliberating whether they wanted to implement PSD2 and more considering how to integrate it.

Regulation 131

Regulation Industry Data Regional 131

PYMNTS

AUGUST 25, 2017

Legislation expected to be introduced in May 2018 will require U.K. clearing houses to complete regular cybersecurity reports, moving regulation closer to current EU directives around critical financial market infrastructure, including the Network and Information Security (NIS) Directive. Earlier this month, the U.K.

Report 101

Report Operations Security Marketing 101

PYMNTS

MAY 23, 2018

A February 2018 study from the Federal Reserve Bank of Minneapolis found that 75 percent of American financial institutions incurred losses due to fraud last year. And with that, governments and security solution providers are stepping into the fray with the aim of combatting fraudsters. Notable Digital ID News. About the Tracker.

Trends 125

Trends Strategy Minneapolis Fraud 125

PYMNTS

JANUARY 29, 2019

The cat-and-mouse game is expensive, too: data from Gartner released last year predict businesses will spend $124 billion this year on cybersecurity, a 9 percent increase from 2018 spend levels. and Europe told Bitdefender in a separate survey that their budgets are large enough to accommodate the security for which infrastructure calls.

Training 148

Training Survey Compliance Data 148

PYMNTS

MARCH 1, 2018

We’re much more comfortable with its security and scalability.”. For the most part, [our trading clients] have worked very hard to streamline and digitize their operations where possible, but the product that gives them the most trouble is the documentary credit,” he said. The technology has come a long way.

blockchain 198

blockchain Technology Tools Regulation 198