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Report: Tokenization And Data Vaulting Take The Sting Out Of PCI Compliance

PYMNTS

Adhering to Payments Card Industry (PCI) Data Security Standards (DSS) is an unavoidable requirement for any and all eTailers that accept card payments, but a surprising number of firms are not up to speed on these standards. billion by 2027, propelled by a compound average growth rate (CAGR) of 25.7

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The CFPB section 1071 effective date

Abrigo

But compliance deadlines are tiered. However, compliance deadlines for affected financial institutions are tiered so that small business lenders originating the most transactions begin reporting data earlier than less active small business lenders. 1, 2024, is the earliest compliance deadline. What is a covered transaction?

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Legacy Banks Embrace APIs To Counter Competitive Cycle

PYMNTS

In a new report, Renee Schuurman, global market manager of Citi ’s channel services division, makes an argument that by using application program interfaces (APIs), traditional banks are able to disrupt the marketplace by developing highly scalable solutions, and not fall victim to being disrupted themselves by new entrants. Switch, Inc.,

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10 Lessons We Learned at the Nacha Smarter Faster Payment Conference

South State Correspondent

The major themes of fraud, artificial intelligence (AI), expansion of instant payments, open banking, and regulation were particularly relevant to your roles as executives, risk managers, compliance officers, and technology leaders. More states require greater disclosure and control over what banks and card processors can charge.