PYMNTS

APRIL 1, 2020

“This legislation represents a significant breakthrough – the first time a state or nation has passed a new law devoted exclusively to putting guardrails in place for the use of facial recognition technology,” Smith said in the post. The bill also establishes a task force to scrutinize how, when and why the technology is used.

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PYMNTS

MAY 24, 2019

It has also raised concerns among privacy advocates and security experts, with many warning against the dangers of weak security protocols and constant vigilance. The use of IoT technology is gaining steam in alternative industries, such as beer brewing. Can Device Manufacturers and Governments See Eye to Eye on IoT Security?

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PYMNTS

MAY 4, 2017

Then, companies working to develop the technological means for cars to drive themselves have levied more than a few criticisms against proposed regulation changes in the state of California. Apple, for one, is hoping that California will work to toughen some of its current self-driving road test policies.

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PYMNTS

JANUARY 29, 2020

The National Institute for Smart Governance (NISG) in India has published a report recommending that laws around blockchain should be based on what the technology does, and not the technology itself, according to a report Tuesday (Jan. said that national policy might not be enough in terms of crypto regulation. . “We

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PYMNTS

SEPTEMBER 24, 2020

Twenty-two percent of American consumers state that they have been targeted by COVID-19-related fraud attempts since the pandemic’s onset, for example, leading financial authorities to work toward keeping consumers’ data more secure by changing how it is stored. EU and U.K. EU and U.K. Answering The Data Question .

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PYMNTS

JULY 30, 2019

Such tools are no longer at the far reaches of the universe, and today’s technologies would make the Enterprise’s crew feel right at home. Wingstop, a fast-casual buffalo wings chain with 1,031 locations worldwide, tends to be an early adopter for new technologies. Orderscape is also working on voice-activated ordering technologies.

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Independent Banker

OCTOBER 1, 2022

But as the prevalence of security breaches grows, so do the opportunities for community banks to position themselves as guardians of their customers’ personal data through compliance, technology and relationship building. Data privacy and security is a hot topic and is only getting hotter. By Katie Kuehner-Hebert. Bob Hickok.

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PYMNTS

SEPTEMBER 26, 2018

California Attorney General Xavier Becerra and San Francisco District Attorney George Gascón announced on Wednesday (Sept. 26) that they have reached a settlement with Uber Technologies Inc., Companies in California and throughout the nation are entrusted with customers’ valuable private information.

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PYMNTS

FEBRUARY 21, 2019

Security and technology consulting company Accutive is rolling out a new solution designed to give enterprises an alternative to data encryption to protect sensitive information. GDPR compliance has emerged as a particularly difficult regulation for some corporate compliance teams. In a press release on Wednesday (Feb.

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TheGuardian

MARCH 14, 2023

Probes announced in the UK and US over failure of California lender as financial markets recovered from Monday’s turmoil Inquiries into the collapse of Silicon Valley Bank (SVB) and its UK arm have been announced in Britain and America, as financial markets settled and banking shares recovered from Monday’s turmoil. Continue reading.

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PYMNTS

JUNE 16, 2020

But Kellerman and other security experts advocated at the hearing for legislative measures, such as modernizing anti-money laundering (AML) and forfeiture rules and moving the Secret Service to the Treasury Department, to help combat the threat.

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PYMNTS

OCTOBER 4, 2020

While the transactions were approved by regulators, some Capitol Hill lawmakers have raised antitrust concerns and urged the Federal Trade Commission (FTC) to break up the company and its subsidiaries. Other technology giants including Google , Amazon and Apple are also facing probes. There is no ‘it’s too hard’ defense,’” Wu told WSJ.

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PYMNTS

NOVEMBER 6, 2019

The impact of the regulation on the way payments and authentication can be conducted is being felt throughout the EU, but regulators in a variety of markets are still evaluating how SCA can best be applied. Keeping Transactions Seamless As Security Needs Evolve. PSPs And The SCA Customer Satisfaction Challenge.

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Compliance Regulation California Online 111

PYMNTS

NOVEMBER 6, 2018

The standards put forth by the PCI Security Standards Council – the PCI Data Security Standards – offer a framework for ensuring data security, and they must be followed in order to avoid fines and other penalties. PCI compliance is vitally important for businesses that process credit cards. Gearing up for GDPR.

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PYMNTS

FEBRUARY 28, 2020

Credit unions possess vast troves of personal information such as credit card data and Social Security numbers that could devastate members if leaked. At least two local CUs — First Choice Federal Credit Union and Inspired Federal Credit Union — even filed class-action lawsuits against Wawa for not adhering to best security practices.

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PYMNTS

DECEMBER 20, 2018

Thankfully, regulators are taking notice, and are passing protection laws like the General Data Protection Regulation ( GDPR ) — enforced in April 2016 and implemented earlier this year — and parts of the Second Payment Services Directive ( PSD2 ), set to take effect in September. Around The PSD2 World.

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San Francisco Regulation social media Data 187

PYMNTS

DECEMBER 14, 2018

“With its combination of technology and banking expertise, solarisBank is a great partner for us to offer central services along the value chain for digital assets. California-based hedge fund Pantera Capital has revealed that it might have to issue refunds to its backers after the U.S.

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blockchain Bitcoin Report San Francisco 155

PYMNTS

DECEMBER 28, 2020

Published reports indicate that China’s central bank and banking, securities and foreign-exchange regulators summoned Ant Group executives this past weekend to discuss official concerns about the firm. Reuters quoted central bank Vice Gov. Any FinTech disruptor, when it becomes so big, represents systemic risk,” he told Webster.

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PYMNTS

JANUARY 20, 2020

Microsoft President Brad Smith doesn’t agree with Alphabet Chief Executive Sundar Pichai’s backing of the EU’s call for a temporary ban on facial recognition technology, Reuters reported on Monday (Jan. Pichai pointed to the potential for “nefarious uses of facial recognition” and favors a moratorium, pending regulations.

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PYMNTS

JUNE 1, 2020

In a roundtable discussion, the last in the “Powering the Digital Shift” series with Karen Webster, six experts in money movement, fraud prevention, banking and financial technology discussed one sure bet: “Digital optional” is no option as we move toward contactless commerce. Looking At Digital IDs — And Friction.

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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. His career has focused on aligning technology and banking services. Location: Fort Lauderdale, Fla.

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PYMNTS

JUNE 18, 2018

Easier said than done, and at times the regulators call for reinforcements. Last week, a finance industry organization in Asia advocated letting regulators embrace new technologies that are geared toward fending off money launderers. The backdrop in Asia may be shaping up to see at least some more stringent regulations in place.

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Groups California Fintech Regulation 101

PYMNTS

FEBRUARY 25, 2020

That transaction has spawned major regulations in the European Union (GDPR) and California (CCPA). Personalization and privacy can live together and with 64 percent of retailers using it and 79 percent of consumers demanding it, the practice needs to be secure for privacy and compelling for personalization.

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PYMNTS

SEPTEMBER 11, 2019

Beyond technology based on voice, the company has also invested in a broad range of solutions that encompass a new loyalty program, mobile apps, and even self-driving delivery vehicles. Gig Economy Could See Overhaul Under New California Bill. Legislators in California have passed a controversial labor bill on Tuesday (Sept.

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Cards California Payments blockchain 100

PYMNTS

JULY 15, 2020

That’s bureaucratic code for “Regulators will be checking on ‘Know Your Patient’ (KYP) compliance in the near future.” This seismic shift is, in turn, making it more important than ever for providers to examine the use of digital identity authentication technologies.”. They should. Medical data theft is perhaps the ugliest kind.

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PYMNTS

MARCH 14, 2019

Facebook is the subject of a criminal investigation by federal prosecutors over the data deals it inked with some of the biggest technology companies, reported The New York Times. The Federal Trade Commission and Securities and Exchange Commission are scrutinizing Facebook, as is the Department of Justice’s securities fraud unit.

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PYMNTS

MARCH 30, 2020

California Consumer Privacy Act (CCPA), Washington Privacy Act (WPA) and other new privacy and online transaction standards are changing how businesses interact with consumers’ data in the U.S. Questions on how to keep data secure are expected, but those regarding usage transparency or which elements they can access are somewhat new. “We

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PYMNTS

AUGUST 26, 2019

The Swiss Financial Market Supervisory Authority (FINMA) has granted the first “banking and securities licenses” to two blockchain companies: SEBA Crypto AG and Sygnum AG. The exchange is already live in California, Washington and Illinois. The firms will be the first registered in Switzerland as broker-dealers with a blockchain focus.

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PYMNTS

OCTOBER 31, 2018

The latest to secure venture capital is WAYV , a procurement platform designed for the legal cannabis industry. “As California moves to a regulated and licensed system, there is a long tail of retailers and brands in the industry that need to be connected,” said Craft Ventures Co-founder David Sacks in a statement.

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PYMNTS

JULY 16, 2018

New rules may loom for technology providers pertaining to privacy — on a national level. The push comes in the wake of California passing legislation that allows consumers to demand that companies disclose how and why they are collecting data. Bloomberg reported that the top 10 regulated banks in the U.S.

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PYMNTS

APRIL 21, 2017

Apple looks to have joined the race to develop self-driving technology. At the time, “future stuff” was widely thought to be a reference to augmented reality technology. On Friday of last week, Apple secured a self-driving road test permit from the California DMV. With self-driving technology to boot?

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PYMNTS

OCTOBER 23, 2018

The world might be growing smaller and more connected, but regulations and authentication methods can create issues for international businesses looking to expand globally. Scotland, meanwhile, is looking to distributed ledger technologies (DLTs) to develop secure digital identity credentials. to the U.K.

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Trends blockchain California Security 134

PYMNTS

JUNE 24, 2020

Cognizant Technology Solutions, an IT solutions company, recently revealed it was targeted in a ransomware attack in April, and it’s the firm’s corporate credit cards that suffered the bulk of the impact. The company has just secured a $78.7 All employees with an active company card have been notified of the data breach.

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PYMNTS

MARCH 30, 2020

To that end, Chief Information Officer Dave Stafford and Chief Information Security Officer David Bryant of PSCU , a credit union service organization, told PYMTNS that trust and collaboration are key among the efforts to protect consumers. We don’t require regulation to drive a good cybersecurity program,” he told PYMNTS.

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PYMNTS

SEPTEMBER 8, 2020

. $1 million was stolen from the City of Industry via invoice fraud, claims officials in the California city. 600 million in financial losses from fraud last year were the result of authorized push payment (APP) fraud, according to Bottomline Technologies General Manager and Director of Payments Ed Adshead-Grant.

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PYMNTS

FEBRUARY 21, 2018

According to reports, Kaliningrad governor Anton Alikhanov and VEB chairman Sergey Gorkov met with officials at the Russian Investment Forum to announce their collaboration using, according to Alikhanov, VEB’s “competence in the area of blockchain technology. In Spain, regulators are reportedly exploring how to support blockchain developers.

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blockchain Los Angeles Regulation Oregon 130

PYMNTS

JANUARY 25, 2018

The plate, available in California and due to be rolled out in other states through 2018, is a self-lit LCD screen with a display that can be changed to, for example, showcase advertising along the (government-issued) license plate number. Beyond the technology and the plate lies concept.

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