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

PYMNTS

RuPay is a payment network offered by National Payments Corp. The fine for non-compliance is going to be ?5,000 In November , India’s Minister of state for electronics and IT (MeitY) announced that the government is drafting a national framework to expand the deployment of blockchain use cases.

Cards 130
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Corporates Unprepared For GDPR, UK Government Warns

PYMNTS

The survey, conducted for the government by the Ipsos MORI Social Research Institute and the University of Portsmouth, also found that businesses that are taking action on GDPR are focusing on training staff and implementing new technological systems within the enterprise. GDPR comes into effect in May, just months after the U.K.

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Bank Regulators Seeking Comments on the Use of AI and ML in the Industry

Perficient

The five federal agencies are: the Consumer Financial Protection Bureau (CFPB), the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board (Fed), the National Credit Union Administration (NCUA) and the. Office of the Comptroller of the Currency (OCC). Personalization of Customer Services. Credit Decisions.

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Inside China’s Cyber, Financial Regulatory Changes And Challenges

PYMNTS

billion-strong, high-spending consumers and their willingness to adapt to new technologies, trends and products may represent the economy of the future for many banks and businesses, but it is notoriously difficult for firms to enter and compete in this market. Confronting the Chinese Privacy Myth . he remarked.

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Shazam! Experts Fell For a Fake Product From A Nonexistent Company In A Fraud Test

Tech and Finance

Cyber security pros and risk analysts should be better than the average person at detecting fraud, but a little over three percent submitted their personal identification information to sign up for an app described as “Shazam for voice identification.”. million fraud complaints in the United States last year.

Fraud 31
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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.