PYMNTS

SEPTEMBER 16, 2019

Despite announcements last month that the deadline for Strong Customer Authentication (SCA) compliance will be extended , the original proposed deadline approaches next week. The potential cost for non-compliance is huge. Frankly, they’ve gotten on board the SCA card payments Titanic,” he said. Previous efforts for the U.S.

Compliance 130

Compliance Guidelines Regulation National 130

Abrigo

AUGUST 19, 2020

Embrace technology to help your department and institution successfully shift to remote work. In an economic and regulatory environment where compliance resources and budgets are stretched thin even without a global pandemic, the decision of where to use valuable resources should be risk-based and supported by your BSA risk assessment.

Fraud 195

Fraud System Trends Software 195

PYMNTS

NOVEMBER 9, 2016

Any organization, small or large, private or public, must handle the pressures of compliance. ” As one can imagine, paper checks don’t support this type of transaction data management as well as other payment technologies could. “Organizations are looking for greater technology efficiencies,” he said.

Compliance 174

Compliance Resources Data Management 174

PYMNTS

MAY 31, 2017

In a press release, the credit card company said that with the upgrade, financial institutions and merchants would be better able to authenticate consumers and reduce fraud on transactions made via a mobile or desktop browser, app or connected devices. As part of the upgrade, Visa said it was enhancing its systems to support 3-D Secure 2.0,

Security 192

Security System Fraud Tools 192

Abrigo

AUGUST 19, 2020

In an economic and regulatory environment where compliance resources and budgets are stretched thin even without a global pandemic, the decision of where to use valuable resources should be risk-based and supported by your BSA risk assessment. How can your transaction monitoring system detect trending COVID-19 related fraud?

Fraud 195

Fraud System Trends Software 195

Insights on Business

APRIL 21, 2017

Adapting quickly and efficiently to the compliance obligations brought about by changing regulations is a business requirement that demands urgent attention. It is also an opportunity to implement technology that can facilitate change. However, traditional technology is not the answer. The system can learn.

Technology 156

Technology Compliance Regulation Training 156

PYMNTS

JANUARY 13, 2020

In order to enhance and ensure security and safety for all stakeholders — including, most critically, customers — the Reserve Bank of India ( RBI ) last Friday modified the penalties for payment system operators who do not follow regulatory requirements.

Compliance 130

Compliance System Security Payments 130

Bobsguide

JUNE 22, 2022

Interswitch, Africa’s leading integrated payments and digital commerce company, and Compass Plus Technologies, an international provider of retail banking and electronic payments software, have announced a partnership to further strengthen Interswitch’s payment card processing capacity in Africa.

Technology 78

Technology Payments Regional Cards 78

Gonzobanker

MAY 17, 2022

As technology buyers, banking executives need to up their game on tech purchases and technology performance management. For regional and community banks there has never been a more frustrating time to be a buyer versus a builder of financial technology. And you may ask yourself, ‘How do I work this?

Technology 135

Technology Regional Community Bank Community 135

PYMNTS

OCTOBER 30, 2020

Slow compliance checks and sluggish processing times are commonplace, especially on the legacy systems still used by many banks around the world. The following Deep Dive explores the various hurdles that payments face as well as how automation and cloud-based systems can help FIs overcome them. Automating Compliance.

Operations 228

Operations Payments Compliance System 228

Abrigo

JANUARY 22, 2024

These tips can help ensure compliance while improving your offerings. Takeaway 2 Examiners' focus is on risk management related to products and services , especially those involving complex technologies like AI. These systems utilize cutting-edge technology to analyze patterns, anomalies, and unusual behavior.

Fraud 221

Fraud Training Risk Management Software 221

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

PYMNTS

NOVEMBER 18, 2020

The patient, McCarthy noted, has become the largest payor in the entire healthcare system. And the trajectory of the situation is getting worse before it gets better, as the masses of patients who have put off medical care during the pandemic begin flooding back into the system, McCarthy said. Capturing Card-Based Healthcare Potential.

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Meeting Payments Cards System 312

Perficient

FEBRUARY 2, 2023

A biometric payment is a point-of-sale technology that authenticates payments by pairing a payment card with a physical identifier of the cardholder. Both Visa and Mastercard rolled out pilot biometric payment cards in 2022. To use this offering, cardholders enrolled a fingerprint to have securely stored on their card.

Industry 471

Industry Trends social media Payments 471

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

OCTOBER 5, 2020

Cybercriminals deploy a variety of tactics to process their ill-gotten gains, ranging from techniques as basic as exchanging gift cards to ones as advanced as setting up fake eCommerce storefronts.

Online 141

Online Compliance Report Study 141

PYMNTS

OCTOBER 30, 2020

We have deep dives on cloud technology, business-to-business (B2B) payments and Visa’s deal to acquire YellowPepper. PYMNTS explores how cloud infrastructure and automated systems have improved Western Union’s operating efficiencies. REPORT: Consumer Privacy Concerns Demand Regulatory Compliance.

Technology 161

Technology Apple Payments Capital 161

Insights on Business

JUNE 28, 2018

A recent explosion of AI applications is taking place in financial institutions, particularly in the area of risk and compliance. So how is AI helping risk and compliance processes? Risk and compliance departments suffer from massive data loads and exhausting regulatory requirements. Use the right technology.

Compliance 70

Compliance Case Study Analysis Analytics 70

Abrigo

DECEMBER 22, 2023

Abrigo, a leading technology provider of software solutions for financial institutions, published more than 30 risk management articles on its industry-focused blog in 2023. Others explain common and emerging fraud trends that compliance staff are working to prevent. Here are Abrigo’s 10 top AML and fraud blogs in 2023.

Fraud 221

Fraud Training Compliance Trends 221

PYMNTS

JANUARY 22, 2020

FinTech solution company Entersekt has upgraded its authentication technology in the DACH region of Europe, according to a release. The company recently announced that the software company Netcetera implemented the authentication system for Bank-Verlag, a company that makes and provides secure services for Germany’s banks.

Security 214

Security Payments Cards Fraud 214

Perficient

FEBRUARY 12, 2021

My previous blog covered how HR and technology can help improve your employee engagement through artificial intelligence. Branding is part of your culture and promoting it new employees can be as simple as mailing a welcome card and swag with company logo before Day 1. Employees are savvy with technology. Keep it simple.

Conference 340

Conference Video Branding Meeting 340

Abrigo

MAY 8, 2024

WATCH Takeaway 1 Understanding generative AI and how peers are using AI and genAI helps financial institution leaders and management vet the technology and related risks. Nevertheless, understanding the technology is crucial. Even if a financial institution isn’t yet using the technology, it can learn from peers.

Examples 221

Examples Fraud Resources Risk Management 221

PYMNTS

APRIL 13, 2017

We try to stay on top of the latest technologies and provide the best customer care experience that we can for our users and give them a strong personal experience, so that we can set ourselves apart from the larger providers,” Elaine McGuffin, director of call center telephony at WideOpenWest, told PYMNTS. Bringing Stakeholders Onboard.

Meeting 101

Meeting Compliance Security System 101

PYMNTS

JULY 22, 2020

TradeCore’s aim is to handle and accelerate the back-end processes and technological integrations, such as regulation compliance, so the emerging FinTech can focus on growing its business. TradeCore will handle billing, legal issues and integration of payments systems for participating FinTechs.

Fintech 130

Fintech Compliance Regulation cryptocurrency 130

South State Correspondent

JUNE 27, 2023

You can survive as long as you use the same ecosystem, such as your core system and digital banking platform. ” Each of these models is developed using a specific methodology to ensure consistency and interoperability between the messages and the systems that use them. Bank data is much the same.

System 195

System Data Examples Payments 195

PYMNTS

MAY 17, 2017

Commercial cards are tricky. While they may be instrumental in helping companies manage cash when their employees travel for work, commercial cards aren’t the top payment rail of choice for suppliers, so companies often pay invoices another way. But depending on how the commercial card is used, these figures vary greatly.

Cards 108

Cards Analysis Data Compliance 108

Celent Banking

JUNE 12, 2017

Eighty years ago a group of major airlines implemented the first commercial cards. Since then, cards have evolved from addressing expenses for travelling employees to eliminating friction across the business-to-business (B2B) financial supply chain.

Cards 100

Cards Payments Capital Analytics 100

PYMNTS

SEPTEMBER 29, 2020

In a podcast interview with Karen Webster, Harpreet Grewal , chief operating officer of Volante Technologies , said that several friction points still exist in corporate banking, but they are issues that can be solved through the joint efforts of traditional financial institutions (FIs), FinTechs and cloud technologies.

Fintech 234

Fintech Technology System Compliance 234

PYMNTS

JANUARY 6, 2021

The publication recently surveyed the CNBC Technology Executive Council and found that one-fifth of executives expect business travel will never fully recover to pre-pandemic levels. Historically, said Tan, T&E technologies have catered to larger corporates and enterprises, solutions that have often left smaller businesses in the dark.

Tools 280

Tools Survey Meeting Trends 280

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. Technology brings the concept of flexible payments into reality.

Payments 260

Payments Compliance Technology Taxes 260

PYMNTS

DECEMBER 13, 2019

For fraudsters, armed with new technologies, the ATM is fertile ground for fraud. In an interview with PYMNTS, David Phister, director of systems security product management at Diebold Nixdorf , said that when it comes to combatting fraud, “holiday seasons are always tough.” Well, that means trips to the ATM.

ATM 227

ATM Fraud Cards Security 227

PYMNTS

SEPTEMBER 18, 2020

Combining these elements, we are creating a broad platform with faster technology and smarter and better services that the industry can trust as a foundation for innovation towards their own end-clients," he added. The company is using Visa 's Visa Direct solution, which wields Visa's card rails to push funds to debit cards.

Innovation 291

Innovation Payments cryptocurrency Cards 291

PYMNTS

JULY 4, 2016

It has identified a regulation – namely the EU’s PSD2 – and created a way for banks to comply with this regulation while outsourcing the heavy lifting of that compliance to Token’s network. We started with this vision of making a better payments system,” Kirsch explained in an interview with Karen Webster.

Compliance 101

Compliance Regulation System Security 101

PYMNTS

FEBRUARY 10, 2020

In the February Digital Identity Tracker , PYMNTS explores the latest developments in the world of digital IDs, including digital driver’s license initiatives around the country, biometric solutions for credit cards and the growing danger of fake profiles on social media. Biometrics are growing increasingly popular among credit card users.

social media 236

social media Colorado Louisiana Security 236

Gonzobanker

JUNE 18, 2019

Welcome to the sleepy world of core banking systems. The banking industry has become accustomed to baby steps in core systems development, with a truly new product rolling out only once every few years. And when it comes to adoption of new technology, progress is measured in dog years. Some would say it happens “automagically.”

System 86

System Strategy Technology Industry 86

South State Correspondent

MAY 13, 2024

The major themes of fraud, artificial intelligence (AI), expansion of instant payments, open banking, and regulation were particularly relevant to your roles as executives, risk managers, compliance officers, and technology leaders. More states require greater disclosure and control over what banks and card processors can charge.

Conference 195

Conference Payments Fraud Data 195

Gonzobanker

AUGUST 17, 2022

Then, bad grades came in right as summer party season kicked off, mom and dad took away the car and credit card, and the Venmo transfers came to a screeching halt. First, there was the drama leading up to the breakup with the rich hottie. Thankfully, there was still a smartphone and social media to commiserate.

Fintech 184

Fintech Lending Software Compliance 184