PYMNTS

JUNE 22, 2020

A cyberattack from Maze ransomware against global business and tech firm Cognizant mostly hit the company’s corporate cards that had been issued to employees, the company told authorities, according to The Times of India. Also, the FBI has been called to assist with finding out the perpetrator.

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Cards Fraud Course Report 257

Abrigo

AUGUST 27, 2020

Regulators have determined there are five top hot topics that institutions should expect during their next exam. Early communication with your regulator is key to understanding the struggles and successes of managing a BSA/AML program during a global pandemic. Tap into technology to help prevent and detect financial crime.

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Regulation Fraud Compliance Lending 195

PYMNTS

JANUARY 31, 2020

We have deep dives into virtual card adoption and self-service technology, as well as a report on Kobe Bryant’s legacy. Bank Is Doing to Drive Virtual Card Adoption. Accounts payable (AP) professionals and vendors still have reservations about adopting virtual cards despite their many benefits.

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Cards Technology social media Meeting 131

PYMNTS

JULY 2, 2020

With the pandemic nudging businesses further into the digital payments realm, commercial card innovation is heating up to capitalize on the opportunity for adoption. Boost Bolsters BMO Harris Bank’s Biz Cards. Global Cash Card’s Legal Saga Ends. ADP Eyes Payroll Card Adoption Jump.

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Cards New York Capital Compliance 208

PYMNTS

OCTOBER 5, 2020

Retailers must protect customers’ card data from hackers who try to snatch payment details, and following best practices to ensure security requires adhering to the regulations established by the PCI SSC, a global payments industry forum. The regulations can be numerous, however, with PCI DSS including 246 nonwaivable requirements.

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Cards Data Compliance Payments 207

PYMNTS

DECEMBER 16, 2020

In today’s top payments news around the world, IBM has bought Canada-based Expertus Technologies, while Gojek is rolling out its new GoBiz Plus point-of-sale (POS) offering. The technology, which is a collaboration with PT Bank Central Asia, functions as a supplement to the GoBiz retailer super app. “The

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Technology System social media Payments 240

Bank Innovation

JANUARY 8, 2020

While chip cards are becoming a mainstay at brick-and-mortar retail checkouts, gas pump payment technology lags behind. gas station owners until October of this year to upgrade pumps to accept EMV chip cards, rejecting a deadline extension request from the Merchant Advisory Group. Visa and Mastercard have given U.S.

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Cards Meeting Groups Retail 259

PYMNTS

NOVEMBER 5, 2020

The Startup Accelerator is a portfolio of startup companies working across a varied set of fields, including customer experience, payments, marketing, risk and regulation, climate change and security, the release stated. There are currently 27 companies as part of the Accelerator, according to the release.

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Cards User Experience Customer Experience Regulation 183

PYMNTS

NOVEMBER 26, 2019

In recent years, the market has gone from one struggling with high financial illiteracy and limited card acceptance, to a bright spot in Europe for FinTech innovation. Regulation is perhaps the strongest driver of Lithuania’s FinTech-friendly environment. Lithuania wants to become a global FinTech powerhouse. Resuming Operations.

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Compliance Regulation Fintech Resources 182

PYMNTS

JULY 1, 2020

Keeping up with customers’ shifting behaviors and preferences amid changing regulations is a familiar challenge for today’s small- to medium-sized businesses (SMBs), but the pandemic’s impact on the scale of digital payments has steepened the learning curve for these merchants. One study found that card-not-present (CNP) transactions rose 29.7

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Regulation Payments Study Online 160

PYMNTS

SEPTEMBER 23, 2020

There were 223,163 cases of identity theft that year across all generations, with 42 percent of them consisting of bank and credit card fraud. Technologies like video onboarding and AI have shown promise in facing this threat, but each is vulnerable when deployed alone. British banks spend upward of £6.7 billion ($8.9 billion in 2019.

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Technology Report Fraud Study 208

PYMNTS

JULY 7, 2020

Regulators are taking in an interest in stablecoins, with the Financial Action Task Force (FATF) noting in a report the digital currencies need to adhere to norms to offer protection from the terrorism financing and money laundering, Bloomberg reported.

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blockchain Regulation Data Cards 163

PYMNTS

JANUARY 22, 2020

Commercial cards remain only a fraction of the B2B payments space, but FinTech firms, banks and other financial service providers continue to develop new solutions aimed at boosting adoption. For companies like SmartEquip and Unified Payments Group , that means introducing new ways to lift the burden of suppliers accepting cards.

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Cards New York Lending Strategy 131

PYMNTS

AUGUST 6, 2020

are made with cash , for example, and 63 percent of consumers have at least two credit cards. New technologies and API infrastructures are also leading to rapid innovations in the PaaS space, including quicker payments than ever before. Only 26 percent of all consumer purchases in the U.S.

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Regulation Payments Innovation Fintech 245

PYMNTS

JANUARY 9, 2019

In the wake of court filings this week that effectively ended a challenge to surcharges on credit card transactions in New York, merchants in the Empire State can indeed embrace those fees, contingent upon stating those costs to consumers up front. New York has banned the ban. What’s in a name, then?

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New York Cards Florida Texas 200

PYMNTS

JUNE 24, 2020

With corporate travel still on pause, commercial card innovation has taken a different direction. This week’s look at the latest initiatives explores how FinTechs are wielding the corporate card in ways other than business trips, from accessing credit for accounts payable to financing employee lunches. Nium Uses Cards For Credit.

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Cards Innovation Tools Capital 131

PYMNTS

MARCH 25, 2020

As commercial card innovation expands, service providers continue to target particular pain points for their business cardholders. Together, the companies are rolling out an offering that arms SMBs with commercial cards without the need for a personal guarantee, according to a press release. Archa Collabs With i2c in Australia.

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Cards Innovation Regulation Video 115

PYMNTS

DECEMBER 9, 2019

In today’s top news in payments, Goldman plans to launch a robo advisor for clients with lower investment capital than traditional customers, and Apple plans to offer 0 percent installment financing on iPhones bought with the Apple Card. Apple Updates Wallet App to Reflect iPhone Financing for Apple Card Users.

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Regulation Data Apple Payments 131

PYMNTS

AUGUST 9, 2019

With its new credit card in conjunction with Apple, Goldman Sachs is reportedly approving some borrowers who are subprime for the offering. The bank is accepting applications for the Apple Card from some users who have credit scores that are not stellar, CNBC noted in a report that cited unnamed sources.

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Apple Cards User Experience Report 156

PYMNTS

SEPTEMBER 10, 2019

Financial services and technology company Stripe now has the capability to pay out to 45 countries, and has launched a new corporate card for businesses, the company announced Tuesday (Sept. A company can upload its own logo right to the Stripe Dashboard for an instant virtual card, or get a physical card in a few days.

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Cards Regulation Company Payments 158

PYMNTS

JANUARY 2, 2020

The finance ministry in India passed a new regulation saying that companies with sales of more than ?50 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 new regulation went into effect on Jan.

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Cards blockchain Cyber Security Retail 130

PYMNTS

NOVEMBER 19, 2019

Among the biggest debates is how to construct and operate the best card program possible – a decision that served as the foundation for a new PYMNTS interview with Jim Geeslin, head of strategy for Elan Financial Services , an agent credit card issuer. Do FIs want to navigate card programs through that?”. Near-Term Challenges.

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Cards Apple Data Innovation 140

PYMNTS

SEPTEMBER 4, 2018

What does the future hold for the plastic payment card? Or will cards with cutting-edge technology win more loyalty from shoppers? The payment card has “a long life ahead of it,” he told Karen Webster. Even if you consider technologies like mobile, you can see that the consumer is still paying with payment cards.”.

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Cards Payments United States Maine 110

PYMNTS

DECEMBER 17, 2019

One study determined that roughly one-third of consumers have been victimized by fraud, leading them to contact their financial institutions (FIs) to change login credentials, cancel credit cards and guard against suspicious transactions. The Technology Gap That Fosters Fraudsters. FIs around the globe are also grappling with faster.

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Technology Fraud Data Security 142

Accenture

AUGUST 5, 2015

Every executive can see the extent to which digital is changing the card business. A convergence of new customer behaviors, technologies, competitors and regulations will require issuers, acquirers and processors to review their overall card strategy to align the customer. Read more.

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Customer Experience Cards Operations Strategy 150

Perficient

DECEMBER 22, 2023

Looking Forward The OCC maintains a technology-neutral stance and supports continuing efforts by national banks and federal savings associations to explore safe and sound uses of new and emerging financial technology such as AI.

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Risk Management Compliance Fraud Regulation 221

PYMNTS

JUNE 29, 2020

In today’s top news, Germany’s deputy finance minister wants to restructure accounting firm regulations, and consumers are turning away from travel rewards cards. As the fallout from Wirecard’s troubles unfold, Germany’s deputy finance minister has called for radical solutions to fix how accounting firms are regulated.

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FDIC Cards Payments Regulation 142

PYMNTS

NOVEMBER 3, 2020

Bitcoin and digital currency wallet company ZenGo is becoming a part of the Visa Fast Track program and will create a new digital currency payment card, according to an announcement. ZenGo said the card will be the first card connected to a “self-hosted, on-chain, multi-currency wallet" in which the user manages the funds.

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blockchain Bitcoin Cards United States 167

PYMNTS

FEBRUARY 5, 2018

Last month, Canada’s Competition Bureau released its final study on tech-led innovation in FinTech, offering regulators some thoughts on competition in the payments sphere, along with suggestions on where the competitive landscape could be improved. If Starbucks goes under, the individual has lost the $20 they have put on the card.

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Regulation Bitcoin Innovation Study 103

PYMNTS

MAY 25, 2018

But some borrowers have now become burdened with debt after taking out high-interest rate loans from lenders that use the same technology — a problem that has come to the attention of the Kenyan government, Reuters reported. “We Suri told the paper the kiosks act as debit cards.

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Regulation Lending Mobile Course 101

PYMNTS

FEBRUARY 21, 2019

percent to customers who use the service to decrease their credit card debt, according to a report in The Wall Street Journal. Alipay, which is based in China, has had to deal with China imposing tighter financial regulations over the last year, and it’s made it more difficult for the company to make money.

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Cards Regulation Mobile Payments 108

Abrigo

SEPTEMBER 20, 2023

And those same economic factors might lead financial institutions to curtail vital investments like anti-fraud technologies, making themselves more vulnerable. Regulators will be expecting this as they examine institutions for FinCEN priority preparedness. Staying on top of fraud is a full-time job.

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Fraud Trends Cards Software 195

PYMNTS

JUNE 28, 2019

credit card business, mobile-first company Jaja will pay an initial cash consideration of $671 million at current rates. The FinTech firm will also serve as the consumer credit card issuer for the AA and the bank’s U.K. s Automobile Association and a Bank of Ireland branded card. (It To acquire the Bank of Ireland’s U.K.

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Cards Charlotte Fintech Innovation 100

PYMNTS

MARCH 15, 2018

Amazon Japan revealed news on Thursday (March 15) that its offices were raided by Japan’s fair trade regulator. Reuters noted this isn’t the first time Amazon Japan has supposedly run afoul of regulators in the country. Bango technology ensured reliability, security and customer success when paying with carrier billing.

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Regulation Mobile Report Security 117

Bank Innovation

NOVEMBER 9, 2016

The future of regulations in banking may be uncertain pending the results of yesterday’s election, but one thing we know: On Oct. 1, 2017, a new rule will go into effect for prepaid cards, the CFPB announced last month. The rule will require transaction histories to be provided to users, Read More.

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Cards Video Regulation Online 170

PYMNTS

SEPTEMBER 17, 2019

The gateway, which was founded in China , will allow users to buy cryptos via credit card, wire transfer and more. Compliance is actually one of the biggest barriers to entry for small businesses in any highly regulated industry,” the company wrote in a blog post.

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blockchain Regulation Groups Bitcoin 108

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. They are also in flux thanks to regulation.

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Cards Analysis Data Compliance 108