PYMNTS

MAY 18, 2020

The New York payment network giant said fraud was up 17 percent at gas pumps through the end of last year through its Europay, Mastercard and Visa ( EMV ) credit card terminals that allow chip cards and smart cards. ” He said the new program provides a new layer of protection to mitigate losses for all parties.

Fraud 196

Fraud Tools Security New York 196

Perficient

MAY 27, 2022

We’ll then move to the federal level, seeking regulatory guidance as to whether digital tokens are securities under the jurisdiction of the U.S. Securities and Exchange Commission (SEC) or commodities contracts over which the Commodity Futures Trading Commission (CFTC) has regulatory jurisdiction. State Regulations.

cryptocurrency 332

cryptocurrency Regulation Management Bitcoin 332

Perficient

MAY 19, 2022

Participants with a single ATS are permitted to use two separate MPIDs but only if one is used exclusively for reporting transactions to TRACE and the other exclusively for reporting transactions to the equity trade reporting facilities such as OTC or the New York Stock Exchange. Interested in learning more?

System 294

System New York Report Compliance 294

CFPB Monitor

JANUARY 7, 2020

Third-party assessor accountability: FTC orders will now give the FTC authority to approve (and re-approve every two years) the third-party assessors that are tasked with reviewing comprehensive data security programs. In his announcement, Director Smith referenced several FTC 2019 data security orders that reflect these improvements.

Security 88

Security Data Compliance New York 88

PYMNTS

NOVEMBER 22, 2019

Ongoing security concerns have prompted the Federal Reserve to further scrutinize big tech firms that serve the banking industry, The Wall Street Journal (WSJ) reported on Thursday (Nov. Can we look at their overall compliance management program?”. 21), citing a senior official.

Security 116

Security Policies Conference Compliance 116

PYMNTS

JUNE 27, 2018

Digital money platform Uphold announced that it has reached an agreement to acquire New York Stock Exchange member JNK Securities Corp. If the deal is finalized, Uphold’s compliance footprint will be expanded, as well as its customer base and service offering.

Security 108

Security Los Angeles San Francisco Compliance 108

PYMNTS

MARCH 9, 2020

Banks on Wall Street are talking to regulators about waiving rules regarding brokers working remotely while the coronavirus makes its way through New York, according to a report by Reuters. New York Gov. The CEO of the Securities Industry and Financial Markets Association (SIFMA), Kenneth Bentsen Jr.,

New York 154

New York Regulation Meeting Industry 154

Perficient

APRIL 26, 2021

A compliance rating of either “Outstanding,” “Satisfactory,” “Needs to Improve,” and “Substantial Noncompliance” is awarded at the end of the on-site review. Security National Bank. No institution was rated as in Substantial Noncompliance. The full list is included below, in date order.

Community 294

Community Wichita Tulsa National 294

PYMNTS

JULY 15, 2020

said Revolut is its first customer for its new product, the Paxos Crypto Brokerage. According to New York-based Paxos, the API-based solution is designed to enable companies to “integrate cryptocurrency buying, selling, holding and sending capabilities into their own applications.”. “The

US 233

US cryptocurrency FDIC Compliance 233

BankInovation

NOVEMBER 12, 2021

It was a diverse week for fintech funding, with hundreds of millions of dollars pouring into identity verification and buy now pay later (BNPL) technology companies and substantial investment in an automated compliance platform. million […].

New York 98

New York Compliance Fintech Security 98

PYMNTS

SEPTEMBER 29, 2017

The EU’s PI licensing requirements are especially stringent, with strict requirements on PI infrastructure, shareholder qualifications, Know Your Customer (KYC) and AML policies and information security programs. To date, only 10 companies have obtained the license in Luxembourg.

Security 129

Security Payments Fintech United States 129

Bank Innovation

MAY 24, 2018

Artificial intelligence, machine learning, and compliance were some of the topics that dominated day 1 of fintech conference Data Disrupt, taking place in New York. The panel “Consumer Finance: Fighting Fraud with Fire” brought together three fintech companies, who discussed different methods of combating fraud.

Fraud 199

Fraud New York Conference Compliance 199

PYMNTS

JUNE 17, 2019

This presents problems for developers, who need to make sure that their products run both smoothly and securely. Developers keen on addressing these concerns must carefully consider how to design and connect their devices to provide reliable, secure performance. Should customers be responsible for their own security? .

Security 142

Security Michigan Operations User Experience 142

PYMNTS

JANUARY 25, 2019

Chainalysis unveiled an anti-money laundering (AML) compliance solution for stablecoins called Know Your Transaction (KYT), the company said in an announcement. In other news, Robinhood got the green light to trade seven digital currencies — such as bitcoin and litecoin, among others — in New York state, Reuters reported.

blockchain 123

blockchain Bitcoin Security Survey 123

CFPB Monitor

AUGUST 12, 2022

On July 29, 2022, the New York Department of Financial Services (“NYDFS”) released Draft Amendments to its Cyber Security Regulations. The Amendments, if adopted, would further regulatory trends and impose important new requirements on covered entities.

Regulation 147

Regulation Cyber Security New York Trends 147

Perficient

JANUARY 4, 2022

Bank of New York Mellon. On February 11, 2021, BNY Mellon announced the formation of a new Digital Assets unit , intended to help clients with their digital assets and cryptocurrency needs by delivering a secure infrastructure for all things digital assets.

cryptocurrency 309

cryptocurrency Marketing Bitcoin America 309

FICO

NOVEMBER 1, 2016

Look no further than the US presidential debates , where our two candidates have highlighted the need to address hackers, security breaches and even foreign nations that may be using sophisticated cyber tactics to influence the outcome of the upcoming November elections.

New York 40

New York Regulation Policies National 40

PYMNTS

DECEMBER 2, 2020

The new license will allow PingPong to offer customers “a more flexible array of services,” the company said in a news release. The B2B company has offices in New York, San Francisco, Japan, Hong Kong and Hangzhou, China. PingPong says it has worked with 800,000 sellers across the globe, spanning 14 markets.

Fintech 158

Fintech San Francisco New York California 158

PYMNTS

SEPTEMBER 20, 2017

New York Governor Andrew Cuomo announced that he wants credit reporting firms to comply with the state’s new cyber-security regulations in the wake of the massive Equifax hack , according to Reuters. Maine is currently the only state that requires credit agencies to register, but its law does not cover cyber security.

Cyber Security 100

Cyber Security Report New York Massachusetts 100

PYMNTS

FEBRUARY 21, 2018

A former cryptocurrency exchange and its founder are facing charges from the Securities and Exchange Commission (SEC), the agency announced in a press release on Wednesday (Feb. Montroll operated an unregistered online securities exchange and defrauded its users by misappropriating their bitcoins. In a parallel criminal case, the U.S.

Fraud 102

Fraud Bitcoin New York Regional 102

PYMNTS

FEBRUARY 13, 2019

The move targets one of the largest pain points of Know Your Customer (KYC) compliance for businesses and their financial institutions (FIs): the complexity linked to corporations that use multiple banks across multiple jurisdictions. law enforcement led to 13 arrests in New York in 2017. ”

Compliance 160

Compliance Regulation Charlotte Data 160

PYMNTS

APRIL 24, 2019

In the April edition of the Payments And The Platform Economy Playbook , PYMNTS examines how regulatory compliance changes are impacting the growth of the sharing economy. The Playbook also looks at how payment services and other third-party platforms are working with shifting compliance demands to participate in the global sharing economy.

Marketing 179

Marketing Regulation Case Study Security 179

PYMNTS

DECEMBER 23, 2019

” As a regulatory initiative aimed at combatting financial crime, KYC requirements are growing ever-more complex, leading corporates and their banks to demand new technologies and services that can address their compliance challenges. .” Canada, Mexico, Sweden, Australia and South Africa.

Fraud 131

Fraud Maryland Payments New York 131

PYMNTS

JANUARY 5, 2018

Western Union has agreed to pay a $60 million fine as part of a consent order with the New York State Department of Financial Services. 4) the fine for violations of the New York Bank Secrecy Act and anti-money laundering laws. The DFS noted that Western Union has a history of compliance issues.

New York 116

New York Fraud Compliance Report 116

PYMNTS

DECEMBER 30, 2020

Headquartered in Brooklyn, New York, Songkick is a concert discovery service owned by Warner Music Group. . Another provision of the deal requires that the Los Angeles, California company keep updated compliance and ethics procedures to stop cybercrime. Department of Justice reached a deal with Ticketmaster before U.S.

Los Angeles 223

Los Angeles Fraud New York California 223

Celent Banking

NOVEMBER 11, 2015

New York State Department of Financial Services (NYDSF) is one step closer to releasing cyber security regulations aided by the largest security hacking breach in history, against JP Morgan Chase. Mandated training of security will be required. Information security. Systems and network security.

Cyber Security 100

Cyber Security Regulation Security New York 100

PYMNTS

JANUARY 15, 2021

The group was comprised of between approximately 90 and 150 check cashers in the New York and New Jersey area. Capital One provided banking services to the group and became aware of compliance and money-laundering risks associated with the group’s customers.

Capital 268

Capital New Jersey Groups New York 268

Perficient

AUGUST 16, 2023

Lessons To Be Learned While Heartland Tri-State Bank of Elkhart is, by far, the smallest to fail in the past year, with the next closest in size being Signature Bank in New York (Signature failed on March 12 th , 2023 with $110 billion of assets and $88.6 billion in deposits), the failure still poses lessons for bank executives.

United States 221

United States Kansas FDIC Risk Management 221

PYMNTS

SEPTEMBER 9, 2019

His job will include fostering existing relationships that are essential to those directives and improving the organization’s commercial performance through its products, like SWIFT’s global payments innovation (gpi) and its suite of financial crime compliance solutions. Watson started his position in New York on Monday (Sept.

Management 179

Management America New York Regional 179

Cisco

NOVEMBER 1, 2022

In 2017, New York Department of Financial Services (NYDFS) passed cybersecurity regulation 23 NYCRR 500, requiring all financial services companies to implement multi-factor authentication (MFA). Since its creation, the Cybersecurity Framework has continued to offer updates and guidance on best security practices.

Regulation 124

Regulation Security System New York 124

CFPB Monitor

MAY 31, 2022

On May 19, 2022, the Associate Director of the Enforcement and Compliance Division of the Financial Crimes Enforcement Network (“FinCEN”), Alessio Evangelista, spoke at the Chainalysis Links Conference in New York City on the topic of “The Intersection of Cryptocurrencies and National Security.”

cryptocurrency 146

cryptocurrency Innovation DC National 146

PYMNTS

JANUARY 23, 2019

In a press release issued Tuesday, Swift Prepaid said it will integrate its prepaid services to enable Bitty small business customers immediate access to virtual funds after they secure a merchant cash advance. The funds can then be uploaded to a mobile wallet, including Apple Pay, Samsung Pay and Google Pay.

Samsung 162

Samsung New York Branding Apple 162

PYMNTS

APRIL 8, 2019

Murphy was elected to the post during the National Urban League’s Board of Trustees quarterly meeting in New York City. His job includes oversight of the payment card network’s legal affairs, public policy, corporate governance and compliance. “He Murphy has served on the group’s board of trustees since 2015.

National 122

National New York City New York Leadership 122

Payments Source

JUNE 26, 2017

Compliance, security and data analytics were the themes at this year’s New York FinTech Innovation Lab demo day.

Fintech 60

Fintech New York Compliance Analytics 60

Bank Innovation

MAY 16, 2017

Last year, regulators in New York decided to take cybersecurity matters for financial institutions into their own hands, releasing a set of rules (which went into effect in March), requiring banks and other FIs to establish a stricter cybersecurity program.

Regulation 325

Regulation New York Data Report 325

Perficient

AUGUST 8, 2022

My opportunity came via email from the Baseball Hall of Fame in Cooperstown, New York, as I have been a supporting member for many years. 100 for my brand-new-clicked-on-everything-myself-and-it-didn’t-take-9-months NFT? I think I’ll keep it.

New York 275

New York Branding Security Cards 275

Insights on Business

MAY 19, 2017

In the area of regulatory compliance, however, simply keeping up with the volume and variety of new and changing regulations is high on the priority list of virtually all organizations. The OPS 2017 event was presented by the Securities Industry and Financial Markets Association (SIFMA) and this year IBM was a Platinum sponsor.

Compliance 160

Compliance Analytics Regulation Training 160