PYMNTS

JANUARY 2, 2020

50 crores (about $7 million) will have to offer customers electronic payment modes like debit cards, powered by RuPay, according to a report by LiveMint. . The fine for non-compliance is going to be ?5,000 The finance ministry in India passed a new regulation saying that companies with sales of more than ?50

Cards 130

Cards blockchain Retail Cyber Security 130

FICO

APRIL 12, 2017

IDC predicts that in 2017, behavioral analytics across compliance, fraud, and cyber detection and prevention will be in place at 15% of banks, helping them to avoid losses, regulatory fines and sanctions. Power at scale: Enhancing fraud, compliance and cyber security defenses . Benefits beyond cost savings.

Analytics 49

Analytics Fraud Compliance Comparison 49

Jack Henry

APRIL 30, 2014

Cyber-Attacks on Financial Institutions ATM and Card Authorization Systems. It ends with encouragement to utilize cyber-security resources like the ones I mentioned earlier. Participate in industry information sharing forums. Ensure adherence to appropriate patch management policy and procedures.

Fraud 88

Fraud Cyber Security ATM FDIC 88

FICO

AUGUST 28, 2020

Indeed, regulation such as Payment Services Directive 2 (PSD2) enshrines the need for multi-factor authentication for payment providers such as banks and credit card issuers. The SMS messaging system was never intended to be used in this way and texts can be intercepted or spoofed. Unified Approach. www.fico.com/authentication.

Management 52

Management Security Cyber Security social media 52

FICO

JANUARY 5, 2023

Just in the last few months, both Freddie Mac and Fannie Mae announced that their respective automated underwriting systems will consider consumer-permissioned cash flow data in the assessment process that will provide key benefits for first-time homebuyers and underserved communities. FICO is not alone in these efforts.

Policies 52

Policies Company Regulation Risk Management 52

NCR

MAY 3, 2016

Once inside the bank’s system, the GozNym trojan transfers financial data and screenshots back to the attacker, who then can use that information to steal directly from the bank customer’s account. Securing the Vault. Establish an enterprise-wide security policy. Enforce your security policy.

Policies 40

Policies Security ATM System 40

NCR

DECEMBER 7, 2016

Luvo will answer simple questions – such as ‘How do I authorize my card to be used overseas?’ Pelican founder and CEO Parth Desai said: “We hope this survey serves as a wake-up call to an industry still relying heavily on manual processes and legacy systems. ” Fighting fraud with machine learning.

Innovation 40

Innovation Cyber Security Fraud Industry 40