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Finance Ministry: India Retailers With $7M+ Sales Must Accept Debit Cards

PYMNTS

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. . RuPay is a payment network offered by National Payments Corp. The finance ministry in India passed a new regulation saying that companies with sales of more than ?50

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SMBs Severely Underestimate Data Breach Costs

PYMNTS

It’s National Cyber Security Awareness Month, and industry leaders are zeroing in on some of the most vulnerable targets of cyber scams: small businesses. 11 percent of businesses surveyed in Microsoft’s 2019 Global Cyber Risk Perception Survey said they are confident about their cyber resilience.

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TRENDING: Putting IT Professionals Through Cyberattack Boot Camp

PYMNTS

Users can simply ask Siri to send money to contacts, with funds withdrawn from a virtual debit or credit card. The Department of Homeland Security observes October as National Cyber Security Awareness Month. And Apple isn’t alone making P2P payments noise.

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Could a National Know-Your-Customer Registry Be in the Cards?

American Banker

Comments by JPMorgan Chase's Jamie Dimon have added fuel to the long-discussed idea of a national database that would make it easier for banks to vet customers for anti-money-laundering and other risks.

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Could a National KYC Registry Be in the Cards? Dimon's on Board

American Banker

Comments by JPMorgan Chase's Jamie Dimon have added fuel to the long-discussed idea of a national database that would make it easier for banks to vet customers for anti-money-laundering and other risks.

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Four 2023 U.S. Policy Predictions for Financial Services Companies

FICO

In 2018, FICO introduced the UltraFICO Score , leveraging consumer-permissioned financial data combined with account aggregation technology and distribution capability to provide lenders with new insights and consumers with enhanced access to credit. Meaningful Developments but No Federal Privacy Law or AI Regulations.

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Preparing for new regulatory requirements in payments

NCR

From contactless cards and mobile wallets to the exciting potential of biometric data, there are all sorts of innovations having an impact on payments. The Monetary Authority of Singapore (MAS) is currently consulting on proposed changes to the regulatory framework for payments and the potential establishment of a National Payments Council.