PYMNTS

DECEMBER 12, 2019

Fraud, Payment Regulations Are Affecting Seamless Payments. Outdoorsy users looking to rent their RVs list them on the online platform for local renters to book. Renters pay upon booking trips, and owners receive their payments once trips have begun. Outdoorsy is available in the U.S.

Payments 137

Payments Fraud Regulation Innovation 137

Cisco

JULY 12, 2022

This leads to many generations of installed technology sets with diverse hardware and software systems, all that need to be tracked and managed, secured, and audited. A number of our financial institution customers are regulated by multiple, and different, regulatory bodies. Streamlining the IT audit process. In the U.S.

Regulation 71

Regulation FDIC System Software 71

PYMNTS

SEPTEMBER 6, 2019

Verifying Digital Identity In The Sharing Economy , PYMNTS examines how consumers use sharing economy platforms in their everyday lives and how those platforms are taking measures to defend against digital fraud and identity theft. Regulations and Compliance. How Do Platforms Authenticate? percent of the former and 24.3

Security 125

Security Data Online Regulation 125

PYMNTS

JULY 30, 2020

Wirecard’s clout began to fall in June when the company was found to have possibly cooked its books, with $2 million missing from the books that the company said was in banks in the Philippines. One executive, not named in news reports, has confessed to crimes related to fraud, according to PYMNTS.

Fraud 176

Fraud Report Fintech Company 176

PYMNTS

JULY 2, 2020

billion Wirecard AG fraud fiasco. Auditors should be required “to find fraud rather than stumble over it,” Donald Brydon , appointed last year to overhaul audit standards in the United Kingdom, told the Financial Times. Many are now debating the role of auditors in fraud mitigation.

Fraud 142

Fraud Regulation Payments Report 142

Abrigo

JUNE 23, 2020

We understand the trust you put in us when you use our BSA/AML and fraud software and we make the same investment in your program’s success. BSA Rules and Regulation. Fraud Prevention. Fraud Trends. BSA Rules and Regulation. Fraud Prevention. BSA Rules and Regulation. A dedicated team. Learn More.

Software 195

Software Community Fraud Resources 195

PYMNTS

NOVEMBER 10, 2019

Local firms including Kenya Airways , tourist hotels and phone-based lenders such as Safaricom will now have to comply with the new regulations. The lack of a data privacy law has been an enormous lacuna in Kenya’s digital rights landscape,” said Nanjala Nyabola, author of a book on information technology and democracy in Kenya.

Regulation 109

Regulation Data User Experience Training 109

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

JULY 29, 2019

These FIs are increasingly relying on AI and automation not only to secure platforms and streamline their back-office operations, but also to improve their customer-facing services. The following Deep Dive explores AI’s fraud-fighting uses and how the technology can offer more personalized services.

Digital Banking 181

Digital Banking Fraud ATM Mobile 181

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. Platforms need to pay careful attention to fraud across dozens of markets, meaning the ability to detect and manage fraud will only become more crucial as the sharing economy grows.

Payments 183

Payments User Experience Training Case Study 183

PYMNTS

JULY 6, 2020

Wirecard executive Oliver Bellenhaus, 46, has been arrested in Munich for his alleged central role in the massive worldwide fraud case currently enveloping the company, the Financial Times (FT) reported. Prosecutors are also investigating other suspects who could not be named as of Monday (July 6).

Fraud 213

Fraud Report Regulation Company 213

PYMNTS

SEPTEMBER 17, 2018

For airlines and hotels, catering to customers from around the world means dealing with a long list of complications, including accepting payments in a host of local currencies, complying with national and international regulations, and finding ways to afford or offset the high price of processing fees. The Future Of Travel Payments.

Data 122

Data Analytics Security Payments 122

FICO

DECEMBER 15, 2020

It is true that the pandemic has accelerated the majority of digital trends and challenges this past year; I believe the “COVID effect” will persist strongly into 2021, which brings me to three broad predictions: Consumer spending patterns will remain in flux, requiring financial institutions to keep their guard up as fraud patterns change quickly.

Fraud 52

Fraud Compliance Management Software 52

PYMNTS

OCTOBER 3, 2019

Take the monthly book close, for example. Artificial intelligence-powered tools, like virtual assistants, have the potential to reduce the time it takes to close the books from 10 days to just two, placing the remaining eight days in the hands of accountants and other finance chiefs to wield more strategically for their enterprise.

Tools 139

Tools Data Security Fraud 139

PYMNTS

NOVEMBER 2, 2018

According to a report in ZDNet citing information sent to Radisson Rewards members, the customers were informed on October 30 and October 31 that the hotel group discovered a security incident on the first of the month that may have resulted in personal information being leaked.

Data 144

Data Groups Security Regulation 144

PYMNTS

JANUARY 25, 2021

As an industry, we, together with our regulators, have a duty to ensure that every business can be paid by its customers in an efficient, safe, risk-free and economical way. Fraud and security issues are significant problems faced by all businesses, but small businesses often have fewer resources to recover. In the U.K.,

Industry 155

Industry Payments Fraud How To 155

PYMNTS

JULY 8, 2019

Information Commissioner’s Office ( ICO ) has fined British Airways over £183m for a data breach involving the theft of more than half a million users’ data, including login info, card information, names, addresses and booking information, according to a report by The Guardian. The fine amounts to about 1.5

Data 108

Data Security Fraud Google 108

Abrigo

JUNE 12, 2020

If a business secured a PPP loan, it is still eligible to apply for an MSLP loan; however, MSLP loans are not forgivable. Now, the Reserve Bank will purchase 95% of the loan – up from 85% – leaving a bank with 5% of the loan on its books, so long as the transactions are consistent with the facility’s requirements. Fraud Prevention.

Maine 195

Maine Lending Regulation Resources 195

PYMNTS

FEBRUARY 14, 2018

As previously reported in February, the Federal Reserve said it will not allow the bank to grow in size or scope beyond the slightly less than $2 trillion on the books, in effect curbing asset growth beyond 2017 — a limit that will remain in place until “sufficient improvements” are made that address “widespread consumer abuses.”

Regulation 100

Regulation Conference Compliance Lending 100

PYMNTS

SEPTEMBER 9, 2019

In Smith’s new book being released on Tuesday (Sept. The book was co-written with Microsoft communications executive Carol Ann Browne. . The book’s release comes on the heels of unfolding trouble for big tech, with Facebook being hit with a $5 billion settlement and Google’s YouTube paying a $170 million settlement.

social media 189

social media Washington Tools Regulation 189

PYMNTS

OCTOBER 30, 2020

Compliance with oversight laws, especially those involving anti-money laundering (AML) or know-your-customer (KYC) regulations, is a perennial struggle for FIs of all sizes. Most customers bypass dealing with merchants entirely when trying to stage chargeback fraud, with 76 percent of cardholders going directly to the payment card issuer.

Operations 228

Operations Payments Compliance System 228

FluentBanking

APRIL 18, 2020

It is important to know thoroughly about the syllabus and regulations of any course before enrolling in that. The use of a simple calculator is permissible No books, Mobile Phones, etc. 100 (Taka one hundered) only Change of regulations, etc. The rate of fee for the issuance of a duplicate JAIBB or DAIBB certificate is Tk.

Regulation 52

Regulation Case Study Security Management 52

PYMNTS

JULY 3, 2017

But that’s not such good news for the agents, and some may opt to introduce booking fees or other incentives to discourage customers from using cards. This was particularly true for lower-cost bookings, such as car rentals, short stays and flights. The Rise of CNP Fraud. Complex Cross-Border B2B Payments. Consumer Protection.

Online 112

Online Payments Fraud Cards 112

PYMNTS

FEBRUARY 14, 2019

corporate structures that are tied to money laundering don’t meet the ownership regulation, but haven’t faced any punishment since the rules aren’t enforced, reported the Financial Times. Nearly half of the U.K. ’s corporate registry. .’s ’s corporate registry. The National Crime Agency in the U.K.

Regulation 115

Regulation Analysis Meeting National 115

PYMNTS

SEPTEMBER 19, 2019

Information Commissioner’s Office (ICO) had fined British Airways more than £183m for a data breach involving the theft of over a half a million users’ data, including card information, login info, names, addresses and booking information per a report in July. Hackers used a bogus site to confuse bookers. The fine came out to roughly 1.5

Data 123

Data Report Security Regulation 123

PYMNTS

APRIL 10, 2019

“While it’s no secret that advertisers are tracking users’ browsing habits, in this case, the information shared could allow these third-party services to log into a reservation, view personal details and even cancel the booking altogether,” Wueest said. The breaches happen when a site sends an email to confirm a booking.

Study 161

Study social media Data Analysis 161

PYMNTS

NOVEMBER 25, 2018

The Financial Times , citing EU competition commissioner Margrethe Vestager, reported the regulator is looking into price manipulation agreements between airliners, travel agents and flight reservation booking companies Amadeus and Sabre.

System 175

System Industry Regulation Groups 175

PYMNTS

NOVEMBER 27, 2018

A popular London-based massage startup has leaked its entire customer database — and could face steep fines due to violating GDPR (General Date Protection Regulation) rules. Urban Massage — now known as Urban — bills itself as “wellness that comes to you.”

Google 128

Google Data Security Regulation 128

PYMNTS

JUNE 18, 2020

billion in trust accounts — or about a quarter of the value on the company’s books. However, the Journal on Thursday quoted an unnamed source as saying that German Financial regulator BaFin believes such remarks misled investors. In March, Wirecard claimed that KPMG’s report didn’t uncover “any substantial findings” of problems.

Report 130

Report Regulation Groups Company 130

PYMNTS

JANUARY 23, 2019

Bloomberg , citing two people briefed on the situation who requested anonymity, reported the Federal Reserve’s move to look into how Deutsche Bank handled the transaction adds a new layer to what is amounting to one of the largest money laundering scandals on the books. In the U.S.

Regulation 139

Regulation Meeting System Report 139

PYMNTS

OCTOBER 18, 2016

According to a report , which cited findings from the Payment Card Industry Security Standards Council (PCI), the eyeopening fines would be part of new European Union legislation that will set penalties for security breaches at 4 percent of global turnover to a maximum of £18 million. Cybersecurity breaches could result in U.K.

Security 100

Security Report Regulation Branding 100

PYMNTS

JULY 17, 2019

Like a toddler who has gotten his hands on a book of matches, Facebook has burned down the house over and over, and called every arson a learning experience,” said Ohio Sen. It’s a good idea for us to explore this because quite honestly cryptocurrency now is still kind of the wild, wild west that is not well regulated,” he said.

cryptocurrency 142

cryptocurrency North Carolina Idaho Louisiana 142

PYMNTS

JUNE 1, 2017

It is, of course, obvious that the internet has changed how the world gets its information and conducts its commerce, but the specters of fraud and data breaches are keeping the latter from reaching its true potential online. For businesses, 2014 was “the wakeup call” and a “banner year for internet crime.”

Payments 110

Payments System Software Mobile 110

PYMNTS

OCTOBER 6, 2020

Since we are acting in the financial space, there's a lot of regulation that everybody needs to follow,” said Amit Sagiv , co-head of Wix Payments, the payments processing arm of web development company Wix. “We It is ultimately up to the payments provider to be the first line of defense. We have shared responsibility with our partners.

Analytics 163

Analytics Data Analysis Payments 163

PYMNTS

JANUARY 5, 2017

As more banks, industries, companies and even retail brands take on and use blockchain technology in their business, there are the enhanced and innate elements of efficiency and security. “A And that security is indeed a concern and need for multiple parties. billion for a typical lender.

blockchain 115

blockchain Samsung Industry Security 115

PYMNTS

FEBRUARY 25, 2019

According to the report, the increase in attacks that were reported is due in part to the implementation of the European Union’s new data protection law General Data Protection Regulation (GDPR). It went on the books in May, requiring companies to report a cyber hack within 72 hours of it happening or the company would face fines.

Data 139

Data Industry Report National 139

PYMNTS

MAY 14, 2018

Airlines would also save expenses brought about by credit card fraud. Not only does the regulation make it easier for younger players in the payments industry to access the data needed to create products, but PSD2 also serves to encourage the quicker movement of money over electronic channels.

Cards 100

Cards Maine United States System 100