PYMNTS

JULY 24, 2020

The company had launched an online marketplace for 34 countries in the region last year and recently acquired a minority stake in the eCommerce solutions provider with which it collaborated on the effort. The collaboration is expected to give Visa’s global merchant and card network access to M-Pesa’s financial services network.

Compliance 152

Compliance Report Payments Security 152

PYMNTS

SEPTEMBER 6, 2018

Compliance and risk? Automating that compliance is now a “need to have.”. Compliance and risk officers have the unenviable task of finding out, sometimes after the fact, that not all the boxes are checked — if they even knew the boxes were there for checking in the first place. Plugging In To Plugins.

Compliance 133

Compliance Fintech Regulation Knowledge Base 133

PYMNTS

JULY 1, 2019

When it comes to the new and emerging legal cannabis industry – along with the closely related trade in CBD products – payments and compliance issues, as one can imagine, have tremendous importance, and companies are striving to get into the game via those angles. While CBD does not get people high, it does reportedly relieve stress and pain.

Compliance 167

Compliance Industry Payments Policies 167

PYMNTS

MARCH 8, 2018

based online cross-border remittance services provider WorldRemit is one player working to smooth out common speed bumps that slow payments for businesses and individuals alike. Taking Transfers Online. Behind its faster payments strategy is an online-only approach. In a recent interview, Brion Nazzaro, the company’s U.S.

Compliance 101

Compliance Regulation Online Payments 101

PYMNTS

MARCH 27, 2019

As online gamblers all but feast on the odds and brackets of the ongoing NCAA Division I Men’s Basketball Tournament in the U.S. – What the regulator (or lawmaker, or court) giveth, the regulator (or lawmaker, or court) can taketh away. Regulations are another huge factor. the first March Madness since the U.S.

Online 115

Online Regulation Compliance Security 115

Abrigo

MAY 30, 2023

But compliance deadlines are tiered. June 28, 2023, based on the Code of Federal Regulations and the March 30 publication). 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.

Compliance 195

Compliance Lending Data Regulation 195

PYMNTS

JUNE 2, 2020

The foreseeable changes stem from the already delayed strong customer authentication (SCA) regulations that are due to go into effect in Europe by the end of the year. Barclays Transact aims to help merchants make online transactions simpler, safer and compliant with the upcoming SCA regulations. card transactions.

Compliance 137

Compliance Fraud Security Regulation 137

PYMNTS

NOVEMBER 12, 2020

European tech firm SIA is forming a technological partnership with German software innovator INFORM to launch a digital service to speed up the authentication process for online payments across Europe. Boni added that the solution was integrated in SIA's infrastructures and will launch quickly to “ensure PSD2 compliance.” . billion.

Payments 165

Payments Compliance Fraud User Experience 165

Abrigo

JULY 13, 2023

A scam usually begins with online contact via social media or dating apps. Scammers build up a victim’s trust and gain access to their online account information, sometimes “fattening the pig” by soliciting more investment in cryptocurrency before “slaughtering the pig” and stealing the cryptocurrency.

Fraud 195

Fraud cryptocurrency Training social media 195

PYMNTS

SEPTEMBER 15, 2020

Making sure all the risks are covered from the perspective of an online merchant ensures there is risk diversification and makes sure that they are connected to several acquirers and banks,” explained Metodieva. That framework can be applied to merchants' payment solution providers, too. All parties in the payment ecosystem.

Payments 299

Payments Risk Management Management Compliance 299

Bank Innovation

MARCH 30, 2018

bank said it will be switching off access to 24 million customers as the bank restructures itself as required by national regulation. Barclays customers across Europe will not be able to use their mobile banking app this weekend. The major U.K. These changes were established by the Bank of England in 2011, and is referred […].

Online 220

Online National Regulation Mobile 220

PYMNTS

NOVEMBER 12, 2020

European tech firm SIA is forming a technological partnership with German software innovator INFORM to launch a digital service to speed up the authentication process for online payments across Europe. Boni added that the solution was integrated in SIA's infrastructures and will launch quickly to “ensure PSD2 compliance.” . billion.

Payments 130

Payments Compliance Fraud User Experience 130

PYMNTS

NOVEMBER 10, 2020

Most online merchants rely solely on SSL/TLS to encrypt the data being sent from their websites. Further, online sellers have been tackling chargeback fraud, which could account for about 86 percent of all chargebacks. This leaves payment data vulnerable while inside the web page before it is transmitted. also known as 3DS 2.0

Security 233

Security New York Atlanta Fraud 233

PYMNTS

JULY 15, 2019

The rapid growth of cryptocurrency has come with closer scrutiny and a call for tighter anti-money-laundering (AML), know-your-customer (KYC) regulations. This push for regulations hasn’t come without controversy. Some think they go too far. Friction is dependent on the use case,” he said.

cryptocurrency 129

cryptocurrency Regulation Guidelines User Experience 129

PYMNTS

DECEMBER 13, 2019

Online delivery services might levy taxes on food charges, or on the combined total of the amount charged for the food, fees and delivery charges — resulting in significantly different taxes collected. There’s the standard model illuminated by the local pizza shop: Pick up the phone, place the order and charge the amount to a credit card.

Taxes 131

Taxes Online Policies Florida 131

PYMNTS

JANUARY 10, 2019

Very few of the participants in the payment ecosystem are remotely ready,” he said, “and that goes for the card brands and the payment service providers.”. To get there, he said, PSPs and the card schemes can help guide merchants through new compliance territory. Delving into SCA. Looking for Exemptions.

Guidelines 173

Guidelines Compliance Fraud Cards 173

Abrigo

SEPTEMBER 20, 2023

Join Abrigo for a webinar discussing risk assessments' role in compliance. Regulators will be expecting this as they examine institutions for FinCEN priority preparedness. 1st-party debit or credit card fraud : Card fraud causes financial institutions significant monetary losses.

Fraud 195

Fraud Trends Cards Software 195

PYMNTS

OCTOBER 10, 2019

Today in the payments news roundup, average interest rates on credit cards are approaching record levels. Also, the rollout of WhatsApp Pay in India may be held back by data processing regulations. Credit Card Interest Rates Rise To Near-Record Levels. And the Libra Association’s member firms are slated to meet on Monday (Oct.

Cards 109

Cards Payments Meeting Regulation 109

Abrigo

FEBRUARY 14, 2023

Data collection requirements The CFPB 1071 rule is a top compliance concern According to a recent survey , financial institution executives’ top regulatory compliance concern is the final rule from the Consumer Financial Protection Bureau (CFPB) on data collection for small business loan applications.

Data 195

Data Lending Compliance Resources 195

PYMNTS

NOVEMBER 13, 2020

But in the alcohol beverage arena, unique regulations — many of which date back to the era of prohibition — have added an extra layer of complexity to the supply chain. But it's not only about ensuring that invoice data is ingested into QuickBooks Online. Navigating B2B Payments Compliance.

Industry 219

Industry Payments Retail Regulation 219

PYMNTS

FEBRUARY 10, 2020

15 that hackers stole customer names, credit card numbers and other personal information. The CCPA is similar to the European Union’s General Data Protection Regulation ( GDPR ), which took effect in 2018. The CCPA is intended to give consumers control over their personal information online. million. “And

California 156

California Retail Compliance Data 156

PYMNTS

JULY 17, 2019

The deadline is looming for merchants and payments providers to comply with new requirements for authenticating online payments in Europe. Firms must soon put more stringent fraud decisioning processes in place, and strong customer authentication (SCA) protocols must be built into checkout flows for online transactions that begin in Europe.

Retail 162

Retail User Experience Compliance Regulation 162

PYMNTS

MARCH 1, 2019

The need to address verification challenges is growing around the world, as customers rely more on online services for ordering food and drink, leading to fierce competition among delivery services. Around the Digital Onboarding World. Take the Uber -branded delivery service, Uber Eats , which recently expanded its services in Canada.

Online 155

Online blockchain Retail Massachusetts 155

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. Some SCA compliance questions are easier to answer than others. websites, even in the event of a no-deal Brexit.

Compliance 111

Compliance Regulation California Online 111

CFPB Monitor

DECEMBER 13, 2021

The report discusses the Bureau’s examinations in the areas of credit card account management, debt collection, deposits, fair lending, mortgage servicing, payday lending, prepaid accounts, and remittances that were completed between January 2021 and June 2021. Credit card management. Debt collection.

Lending 78

Lending Cards Regulation Payments 78

PYMNTS

APRIL 18, 2019

The PSD2 -related regulation counts itself among a raft of those set to become law across the continent, focusing on boosting online commerce security by requiring cardholders to provide two forms of identification to verify their identities when transacting. Merchants have been sleepwalking into SCA,” Princen explained.

Fraud 148

Fraud Regulation Compliance Online 148

PYMNTS

FEBRUARY 10, 2020

15 that hackers stole customer names, credit card numbers and other personal information. The CCPA is similar to the European Union’s General Data Protection Regulation ( GDPR ), which took effect in 2018. The CCPA is intended to give consumers control over their personal information online. million. “And

California 130

California Retail Compliance Data 130

PYMNTS

JUNE 18, 2020

The London-based trade group for Europe’s ePayments community is waiting for the European Banking Authority , the European Union (EU) banking regulator, to provide the 27-nation bloc with an update on Strong Customer Authentication (SCA). Credit cards typically contain a chip or require a PIN.

Groups 131

Groups Regulation Fraud Security 131

PYMNTS

JANUARY 12, 2021

The advantages of outsourcing the back-end integrations and compliance issues tied to, say, international markets can accrue swiftly to corporates’ bottom lines, free up resources and streamline back-end processes.

Payments 260

Payments Compliance Technology Taxes 260

PYMNTS

JULY 15, 2020

That’s bureaucratic code for “Regulators will be checking on ‘Know Your Patient’ (KYP) compliance in the near future.” Medical records command a high value on the dark web and can be listed for 10 times more than the average credit card data breach record. They should. Medical data theft is perhaps the ugliest kind.

Data 146

Data Compliance Regulation Meeting 146

PYMNTS

AUGUST 9, 2019

Many European merchants are grappling with unanswered questions regarding PSD2 Strong Customer Authentication (SCA) compliance, even with the regulation’s implementation nearly a month away. eTailers need to be as prepared for SCA as possible as authentication and payment regulations change next month.

Compliance 108

Compliance Retail Cards Online 108

PYMNTS

NOVEMBER 11, 2019

Cryptocurrency companies that previously let customers remain anonymous will have to change their tunes in some countries, as will online gambling sites that provided fast onboarding at the expense of rigorous identity verification approaches. Around The AML/KYC World. Find more on these and other recent headlines in the Tracker.

Video 161

Video Fraud Compliance Security 161

CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Stripe really did come about because we were really appalled by how hard it was to charge for things online.” — John Collison.

Online 98

Online Company Retail Payments 98

PYMNTS

NOVEMBER 7, 2019

Earlier studies found a surprising lack of both consumer and merchant awareness about the European Union’s Strong Customer Authentication (SCA) and second Payment Services Directive ( PSD2 ) regulations. Post-SCA deadline, a lack of readiness persists. Challenges in the EU and Beyond. Awareness Issues. That isn’t the case, however.

Regulation 123

Regulation Survey California Retail 123

Abrigo

AUGUST 18, 2020

There is a greater emphasis on person-to-person payments over debit card use and online account opening instead of visiting a branch. If financial institutions can focus on these five things as they maintain their compliance, they will come out of this pandemic stronger and ready to serve their customers and members better.

Fraud 195

Fraud Lending Trends Compliance 195

PYMNTS

DECEMBER 12, 2019

Players in the sharing economy must contend with an increasingly complex online payments ecosystem as they move into new regions and attract participants to their platforms. 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.

Payments 137

Payments Fraud Regulation Innovation 137

PYMNTS

DECEMBER 8, 2020

In today’s top news, economists expect the economy to recover back to pre-pandemic levels by the end of 2021, and China’s banking watchdog warns of further Big Tech regulations. Plus, online lending startup SoFi is looking to go public through a SPAC. Capital One Halts BNPL Transactions On Its Credit Cards.

San Francisco 130

San Francisco Community Bank Video Capital 130