PYMNTS

FEBRUARY 7, 2020

But this fallback option (less secure though it may be) will disappear, said Edwards, as authentication methods improve on the digital front. As he said, the patient and provider information that is required to satisfy regulations for healthcare disbursements is increasingly being collected, stored and disseminated digitally.

Payments 164

Payments Data System Security 164

CFPB Monitor

DECEMBER 22, 2020

Additionally, service providers to banking organizations would be required to notify at least two individuals at affected banking organization customers immediately after the bank service provider experiences a computer-security incident that it believes in good faith could disrupt, degrade, or impair services provided for four or more hours.

Security 78

Security Report FDIC Regulation 78

Gonzobanker

JANUARY 17, 2020

Well GonzoBankers, the gang is back to work and we are all headed face-first into 2020 – a year with more uncertainty than most about how things will turn out. So, to get your Gonzo executive brains warmed up for a new year, I offer you 20 important banking realities for 2020 to guide your strategic execution efforts: 1.

Customer Experience 127

Customer Experience Fintech Regional Cards 127

PYMNTS

NOVEMBER 4, 2019

The International Organization of Securities Commissions (IOSCO) said existing securities rules could be applied to Libra, Facebook’s proposed cryptocurrency, according to a report by Reuters. The IOSCO is made up of regulators across the globe, including Japan, Europe and the U.S. 4 statement.

Groups 101

Groups Security cryptocurrency Regulation 101

PYMNTS

SEPTEMBER 12, 2019

Facebook’s Libra project has renewed focus on how cryptocurrencies are regulated, with current rules on the sector patchy and varying from country to country. The projected 2020 cost of AML compliance across all U.S. Now the company has enacted security and AML procedures, to the consternation of cryptocurrency advocates.

cryptocurrency 116

cryptocurrency Regulation Compliance blockchain 116

Perficient

DECEMBER 14, 2020

Crisis response, maintaining safe and operational working conditions, mitigating supply chain disruptions, maintaining liquidity, and deftly responding to shifts in the market have emerged as key focus areas for all businesses. Cloud Computing will be Increasingly Regulated. Cloud Marketplace Usage will Increase.

Technology 348

Technology Trends Software Resources 348

CFPB Monitor

AUGUST 25, 2022

On August 8, 2022, the District of Columbia Department of Insurance, Securities and Banking (the Department”) issued a Bulletin on money transmission (the “Bulletin”). In support of its position, the Department highlights the July 2020 decision of the U.S. Such entities require a money transmitter license to operate in the District.”

District of Columbia 78

District of Columbia Security Bitcoin cryptocurrency 78

PYMNTS

DECEMBER 19, 2019

The revised Payment Services Directive ( PSD2 ) Strong Customer Authentication ( SCA ) regulation rollout in the EU has been a little bit on the bumpy side so far. 14 of this year, and while PSD2 did, the SCA part of the regulation has been put on hold. It was supposed to go into effect on Sept. For how long? Kakkar said.

Compliance 102

Compliance Regulation Strategy Training 102

South State Correspondent

APRIL 23, 2023

Analysts, regulators, legislators, and bankers have been attributing the root cause of SVB’s failure in the past month. Some blame the dilution of the Dodd-Frank provisions, others the lack of oversight by regulators, and others still blame social media for exacerbating the deposit run.

Management 195

Management Security Risk Management social media 195

CFPB Monitor

MARCH 30, 2020

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) includes the following key provisions that affect financial institutions and regulation of financial institutions: Section 4003 – Emergency Relief and Taxpayer Provisions.

Regulation 122

Regulation United States Community Bank National 122

Tomorrow's Transactions

JUNE 9, 2020

2020 has been dominated by the COVID-19 pandemic threatening our way of life, challenging our resourcefulness and resilience, on a global scale not experienced since the World War ended 75 years ago. Many employers would not have considered such a move previously, citing security and lack of productivity as potential hurdles.

Resources 82

Resources Risk Management Operations Regulation 82

PYMNTS

JANUARY 31, 2020

Financial institutions (FIs) and merchants in the European Union (EU) have had some time to get used to both the General Data Protection Regulation (GDPR) and the revised Payment Services Directive (PSD2). Around The Data Protection And Security World. For more on this and other stories, visit the Tracker’s News & Trends section.

Digital Banking 136

Digital Banking Guidelines Regulation Data 136

PYMNTS

NOVEMBER 16, 2020

The independent investigation will look into the other incidents affecting TARGET Services in 2020, including anything that directly or indirectly affected TARGET2 Securities, which is operated by the Eurosystem. It is owned and operated by the Eurosystem and allows bank submissions from central banks and commercial banks.

System 217

System Payments Operations Software 217

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

DECEMBER 16, 2020

The December Mobile Order-Ahead Tracker ® explores the latest digital ordering developments, including how restaurants can apply the lessons they have learned in 2020 to the post-pandemic world, the tools and technologies used to fight fraud, and fraudsters’ latest schemes to make off with customers’ cash, rewards points and valuable personal data.

Fraud 310

Fraud social media Mobile Trends 310

PYMNTS

JANUARY 18, 2022

The CEO and CFO of the BitMEX cryptocurrency derivatives exchange announced today that they have reached an agreement to purchase a 268-year-old German bank in order to establish “a one-stop shop for regulated crypto products in Germany, Austria, and Switzerland.”. Regulated” is a word Höptner returned to repeatedly in the announcement.

Regulation 169

Regulation cryptocurrency Groups Innovation 169

CFPB Monitor

NOVEMBER 10, 2020

In July 2020, the Federal Financial Institutions Examination Council issued a “ Joint Statement on Managing the LIBOR Transition.” ” The statement highlighted the financial, legal, consumer protection, and operational risks that will result from LIBOR’s expected discontinuation.

Regulation 78

Regulation FDIC New York Lending 78

Perficient

FEBRUARY 10, 2021

While the healthcare industry has long embraced technology, the demand to innovate and adapt quickly has grown exponentially in 2020 and into 2021. Agile has been a part of the Perficient Latin America operational DNA from the beginning. Security, Data Privacy, and Intellectual Property Protection.

Software 294

Software Innovation Company America 294

PYMNTS

JANUARY 11, 2021

Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA). Richard Holmes, previously CEO at Standard Chartered European, joined the Revolut team in October 2020 as a board advisor. Revolut was granted a European Union banking license in Lithuania in December 2018 and has begun operations in central Europe.

cryptocurrency 216

cryptocurrency Leadership Bitcoin Fintech 216

PYMNTS

JANUARY 2, 2020

These financial institutions ( FIs) have recognized how this regulation has affected the EU financial ecosystem, and they have passed that familiarity onto the merchants and payment providers that work with them. Around the Data Protection and Security World. and Turkey. and Turkey. Federal Trade Commission (FTC), among other changes.

Regulation 131

Regulation California Regional Fintech 131

PYMNTS

DECEMBER 20, 2020

21) will file documents with securities regulators to allow a special purpose acquisition company (SPAC) it created previously to raise as much as $600 million through an initial public offering (IPO), Axios reported. SPACs themselves have no business operations. Softbank on Monday (Dec.

Report 217

Report Groups Strategy Regulation 217

PYMNTS

DECEMBER 16, 2019

I’ve connected a few of the dots from over the last decade that I believe will shape how the world will evolve in the 2020s, as well as the role of payments in driving that change. 2020 Trendline One: Rapid Acceleration Of Cash To Digital Payments. 2020 Trendline Two: The Rise Of On-Call Commerce.

Payments 180

Payments Innovation Cards Google 180

PYMNTS

JANUARY 7, 2021

China’s Ant Group is mulling the creation of a new consumer loan unit that would allow it to continue making loans throughout the country while complying with new Chinese banking regulations. Ant Group had $263 billion in outstanding consumer loans as of June 2020. China TransInfo Technology Corp. China TransInfo Technology Corp.

Groups 141

Groups Regulation Lending Operations 141

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

NOVEMBER 4, 2020

In its March 2020 brief “Developments in Open Banking and APIs: Where Does the U.S. regulators have taken a more hands-off approach by issuing non-binding guidelines, thus allowing industry stakeholders to pave the way forward. Regulators here (and obviously abroad) are quite serious about the security of open banking.

US 171

US Boston Regulation Data 171

PYMNTS

JUNE 29, 2020

Valdis Dombrovskis , the EU’s executive vice president of the European Commission for an Economy that Works for People, told attendees of the Digital Finance Outreach 2020 , a series of events for the 27-nation bloc on financial technology companies, that Europe must become the leader in crafting rules for digital finance.

cryptocurrency 221

cryptocurrency Regulation Bitcoin Maine 221

PYMNTS

DECEMBER 11, 2020

PYMNTS December 2020 AML/KYC Tracker® done in collaboration with Trulioo probes the heightened fraud climate accompanying the mobile-digital shift, zeroing in on key aspects of prevailing in the digital fraud wars. “The The zeal with which crooks are now targeting cryptocurrencies signals the need for additional layers of security.

cryptocurrency 219

cryptocurrency Fraud blockchain Security 219

PYMNTS

FEBRUARY 5, 2020

That’s the scoop as 2020 opens, with privacy skirmishes turning to full-scale war on browser cookies. That’s a bad moon rising for some Big Data operators. The General Data Protection Regulation (GDPR) turns two in May, and just like a toddler, it’s messing things up­ (for some). Together in a Privacy Sandbox.

Google 288

Google Data Regulation social media 288

PYMNTS

SEPTEMBER 28, 2020

Banks, businesses and consumers fundamentally altered how they interacted with each other in the early months of the COVID-19 pandemic — and regulators tasked with making sure their data and payments are kept safe took notice. Regulators in countries like Egypt have only recently rolled out their data protection rules.

Online 151

Online Report Payments Regulation 151

PYMNTS

JANUARY 14, 2021

The scandal has widened since then to include regulators and banks, in addition to the individuals running Wirecard. The company warned BaFin, the German regulator, about the issues in early 2020, but the regulator reportedly didn't take the advice.

Fraud 146

Fraud Regulation Operations Report 146

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

JULY 15, 2020

That’s bureaucratic code for “Regulators will be checking on ‘Know Your Patient’ (KYP) compliance in the near future.” PYMNTS’ July 2020 Digital Identity Tracker® done in collaboration with Jumio , offers a variety of useful perspectives on, and solutions for, medical data theft as it mutates post-pandemic. They should.

Data 146

Data Compliance Regulation Meeting 146

PYMNTS

OCTOBER 10, 2019

That’s the view shared by Trevor LaFleche, director of product management and marketing for Enterprise Payments Solutions at Fiserv , during a recent PYMNTS discussion that centered around the spread of real-time payments, and their global prospects going into 2020. Security Awareness. Fresh PYMNTS research has dug into the issue.

Payments 202

Payments Cards Trends Security 202

PYMNTS

MAY 22, 2020

Treasury’s difficulties getting relief money to individuals, has renewed calls for the government to accelerate its FedNow national real-time payments network, still not expected to be operational until at least 2023. But the plight of American SMBs and consumers seems more pressing at the moment. Problem No.

Payments 344

Payments Policies Guidelines National 344

PYMNTS

OCTOBER 26, 2018

Draft rules from the China Banking and Insurance Regulatory Commission (CBIRC) show that the regulator will relax at least some ownership rules for foreign banks. At the time, the cap on ownership had been 25 percent for large, publicly traded securities firms and 49 percent of other financial enterprises.

Regulation 139

Regulation Security Report Operations 139

PYMNTS

JUNE 11, 2020

The California agency that regulates ride-hailing companies Uber and Lyft said their drivers are considered employees under the state’s new gig work law, the latest development in the fight over drivers’ status, Reuters reported. It’s our job to look out for working men and women, not Wall Street and their get-rich-quick IPOs,” she said.

California 193

California San Diego Study Report 193

PYMNTS

DECEMBER 11, 2020

Invisible” is the operative word here, as the tsunami of remote onboarding triggered by COVID lockdowns has given fraudsters yet more cover to add to their anonymity. Speedy, secure onboarding is vital at a time when consumers have to use digital banking to prevent health risks,” per the Tracker. But that’s about to end.

Video 204

Video Security National Digital Banking 204