Banking 2020

NOVEMBER 25, 2015

China has introduced new draft rules that are intended to tighten regulations governing online payments in the country. Until now, this sector has been subject to very little legislation, but there have been claims that this hands-off approach has helped facilitate problems such as fraud and money laundering.

Regulation 40

Regulation Online Marketing Payments 40

Banking 2020

NOVEMBER 19, 2015

Three’s a crowd, so the saying goes, but it could also mean fraud losses for banks and merchants if they’re not careful. But impending regulation changes mean banks won’t even have a choice about this risk. PSD2 means banks will have to open up their systems to third party payment providers (TPPs).

Security 40

Security Fraud Regulation System 40

Banking 2020

NOVEMBER 18, 2015

Australia is toying with the idea of creating an opt-in function for contactless cards, in a move that highlights the problems around coping with new payment technology and how fraud risks are handled. The major banks provide a Zero Liability Policy to customers who are victims of fraudulent transactions. Legal constraints.

Cards 40

Cards Fraud Policies Technology 40

Banking 2020

OCTOBER 22, 2014

But amidst the reports of one data breach after another, check fraud has remained a constant thorn in the industry’s side, with 82% of U.S. retailers reporting being targeted, and banks suffering an estimated $650 million in losses from deposit account fraud, according to separate reports by AFP and the American Bankers’ Association.

Technology 57

Technology Fraud Security Study 57

Banking 2020

NOVEMBER 8, 2015

Open APIs are a key part of wider transformation in the banking industry and will become much more common as regulation forces banks to open up their systems. The move comes just as the banking industry gears up for major changes to payment rules that will mean they have to open up their platforms to third party developers.

Cyber Security 40

Cyber Security Payments Security Regulation 40

Banking 2020

MAY 5, 2015

Many banks have failed to build relationships with their customers because they haven’t differentiated themselves from every other bank. Customers expect to have standard services like checking and savings accounts, money market accounts, CDs, mortgages, and personal loans from any bank.

How To 40

How To Software Management Fraud 40