PYMNTS

SEPTEMBER 24, 2020

Reducing fees for remittances might push price points low enough that more consumers could resume sending money home, though, and some researchers believe that money transfer service providers could make such price adjustments if they are able to reduce their own expenses through more robust and cost-effective regulatory compliance measures. .

Compliance 223

Compliance Tools Fraud Regulation 223

PYMNTS

OCTOBER 16, 2019

The Cost of Compliance. Scandal and fraud tarnishing banks’ reputations aside, the impact that AML compliance controls have had on these banks’ bottom lines can’t be underestimated. And yet, per that same study, 30 percent rate at least one of their AML components as being either “not at all” or only “somewhat” effective.

Compliance 123

Compliance Fraud Study Digital Banking 123

PYMNTS

SEPTEMBER 24, 2020

Staying abreast of these various compliance shifts can be costly and challenging for banks, but doing so is necessary to ensure that financial institutions’ (FIs) operations can run smoothly and ward off cyberattacks. Compliance, Cybercrime And The Cloud . Failing to secure such information could open up FIs to fraud.

Compliance 151

Compliance Fraud Regulation Security 151

PYMNTS

SEPTEMBER 26, 2018

A case of complacency on compliance? 25) from Verizon Communications, full compliance with the PCI DSS (short for Payment Card Industry Data Security Standard) dropped last year, the first decline seen in six years. The study noted that there are some regional differences, as 77.8 The headline numbers: 52.5

Compliance 134

Compliance Regional America Survey 134

PYMNTS

AUGUST 27, 2018

The initial verdicts of General Data Protection Regulation (GDPR) are in, at least in terms of compliance – or lack thereof. In news this past week, studies have shown that compliance rates are indeed low, three months in. are in compliance. How low are the rates? That’s on a global scale. compared to this time last year.

Compliance 102

Compliance social media Study Data 102

PYMNTS

MAY 31, 2017

Visa announced Tuesday (May 30) that it is rolling out enhancements to its Verified by Visa service, a global solution designed to make online purchases more secure by helping ensure payments are made by the rightful owner of the Visa account. 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

PYMNTS

OCTOBER 5, 2020

The latest AML/KYC Tracker® explores the use of AI to streamline anti-money laundering (AML) and know your customer (KYC) processes, changing customer expectations for bank security measures, and an in-depth look at how eCommerce platforms keep money launderers away from their storefronts. A study found that almost half of all U.S.

Online 141

Online Compliance Report Study 141

PYMNTS

SEPTEMBER 18, 2017

How secure do you feel when it comes to payments? Two-thirds of the more than 3,000 adults surveyed said they were concerned about data security, with 38 percent of respondents believing their private information may have already been exposed. Webster questioned what practices or policies would help consumers feel a bit more secure.

Security 152

Security Payments Survey Cards 152

Bank Innovation

MAY 2, 2018

Security and fraud risk remain the top priority for retail banks seeking to update their payments infrastructure, a study released this week by ACI WorldWide and Ovum found.

Security 150

Security Innovation Payments Study 150

FICO

MAY 8, 2020

Security and Authentication in a Digital World. For many years we’ve been reliant on usernames and passwords to secure digital accounts – but we know these aren’t adequate. Any new authentication methods as a minimum, must offer a suitable level of security and be acceptable to those that use them.

Security 83

Security Digital Banking Study Survey 83

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. That still sounds complicated, doesn’t it?

Compliance 70

Compliance Case Study Analysis Analytics 70

PYMNTS

NOVEMBER 8, 2019

The rule officially took effect in September, and EU countries have begun helping merchants and consumers work toward compliance. PSPs must, therefore, strike the right balance between authentication and seamlessness, while keeping up with how different European countries are tackling SCA compliance. Ireland and the U.K.

Compliance 101

Compliance Online Fraud Regulation 101

PYMNTS

APRIL 8, 2019

Australian financial regulators are feeling pressure to ensure financial institutions treat customers properly and have turned to artificial intelligence (AI) in an attempt to improve compliance, according to a report by the Financial Times.

Compliance 108

Compliance Regulation Industry National 108

Perficient

NOVEMBER 20, 2020

Anyone selling, designing, delivering, or supporting Microsoft services in the M365, Azure, or Power Platform (I will call this Microsoft Cloud below) should consider studying for and obtaining the three ‘Fundamentals’ certifications from Microsoft. For business or sales oriented professionals. MS-900 Microsoft 365 Fundamentals.

Course 332

Course Compliance Security Resources 332

PYMNTS

OCTOBER 7, 2019

There were no increases in transaction declines or abandonment within the first two days that SCA was active, at least according to a study by credit card provider Barclaycard. The study may not be able to speak to how transaction rejections might increase within the next year, however.

Regulation 134

Regulation Trends Compliance National 134

PYMNTS

AUGUST 24, 2020

These partners specialize in managing complex international payments and staying current on global markets’ compliance intricacies, freeing up marketplaces to focus on other business aspects. . A 2019 study found 70 percent of gig workers desired digital payments, but 31 percent were paid by paper check at some point.

Study 152

Study Payments Meeting Online 152

Insights on Business

AUGUST 22, 2018

According to some studies, as many as 30,000 to 40,000 regulatory changes can occur in a given year, and they are projected to culminate into 300,000,000 pages of regulation by the end of 2020. Given these issues, it is critical that governance, risk and compliance (GRC) systems are leveraged to enhance this process.

Compliance 79

Compliance Innovation Technology Policies 79

PYMNTS

SEPTEMBER 6, 2019

No one wants to answer a call or have to physically submit ID documents, but how much friction is tolerable for security’s sake? According to this study, though, platforms’ fear of adding friction to signup and login processes may be overblown. Regulations and Compliance. What About Friction? Counterintuitively, 68.6

Security 125

Security Data Online Regulation 125

NCR

DECEMBER 11, 2017

Banking security is everyone’s responsibility. Lack of compliance a common problem. A recent study by Verizon highlighted a clear link between merchants that are not fully compliant with industry standards and those that fall victim to data breaches. ” How can financial services help?

Compliance 72

Compliance Data Fraud Security 72

CFPB Monitor

AUGUST 1, 2016

Together with its release of the outline, the CFPB issued a report , “Study of Third-Party Debt Collection Operations.” The study concluded that, industry wide, “most debt collection firms are small” and that 75% of collection firms employ fewer than 20 people each.

Study 60

Study Industry Survey Sacramento 60

PYMNTS

AUGUST 13, 2020

PAAY said its EMV 3DS offering lets merchants decrease chargeback costs, bolster authorization rates and maintain compliance as they provide an easy as well as frictionless experience for users. A 2019 LexisNexis study found that overall retail fraud attempts increased by two times year over year and three times since 2017.

Technology 248

Technology User Experience Fraud Comparison 248

PYMNTS

SEPTEMBER 12, 2019

IBM has unveiled the latest addition to its Z mainframe portfolio, a new platform called the z15 designed with data privacy, security and hybrid multi-cloud use in mind, the company said in a release on Thursday (Sept.

Data 232

Data Security ATM Tools 232

PYMNTS

FEBRUARY 4, 2020

Numerous regions then announced internal deadlines for compliance that often diverged from their neighbors’ deadlines. The sweeping compliance requirements affect all members, but execution can differ country by country. Security Concerns Mount . 31, 2020 as the new SCA compliance deadline, but the U.K.

Fraud 144

Fraud Regulation Compliance Innovation 144

PYMNTS

JANUARY 18, 2021

Another study of more than 500 hiring managers found that 56 percent acquired new employees remotely for the first time since the pandemic began. Frictionless, fraud-free remote hiring approaches thus require businesses to invest in digital solutions that help them offer seamless, secure ID verification.

Fraud 281

Fraud Survey Training Resources 281

PYMNTS

SEPTEMBER 23, 2020

A recent study from PwC found that 47 percent of companies had experienced fraud at least once in the past two years, with a grand total of $42 billion in funds stolen over this period of time. Large investments in security measures are necessary for banks to protect themselves and their customers from this menace. billion ($8.9

Technology 208

Technology Report Fraud Study 208

The Paypers

AUGUST 10, 2016

(The Paypers) A study by risk consultancy IT Governance has shown that Information security is the biggest driver for companies to apply for certification in compliance with the ISO 27001 standard.

Compliance 28

Compliance Security Report Study 28

PYMNTS

FEBRUARY 10, 2020

A recent study from Visa found that two-thirds of surveyed consumers preferred biometric authentication to passwords for a variety of reasons when using their cards. Banks are working on new biometric security solutions in response to this trend in customer preference. Deep Dive: How Fake Profiles Endanger Social Media Networks.

social media 236

social media Colorado Louisiana Security 236

PYMNTS

APRIL 10, 2020

The study is part of the larger Unlocking AI series by PYMNTS, examining how AI and other computational systems are being used to manage critical business functions, including payments, regulatory compliance, risk assessment and fraud protection.

Fraud 362

Fraud Payments System United States 362

PYMNTS

OCTOBER 21, 2020

These create new urgency for corporates to connect to instant 24/7 payment networks like RTP and ensure that they can meet the unique challenges of running effective eCommerce channels, including regulatory compliance, security, and driving conversion.

Payments 159

Payments Case Study Meeting Trends 159

PYMNTS

APRIL 27, 2020

One study recently determined that the number of digital banking users is expected to exceed 3.6 billion by 2024, and a separate study suggested that many customers were willing to use FinTechs as well as their primary banks to receive the level of technological support they desired. The Cloud and its Role in Banking Transformations.

Digital Banking 248

Digital Banking Tools social media Mobile 248

PYMNTS

JANUARY 29, 2019

and Europe told Bitdefender in a separate survey that their budgets are large enough to accommodate the security for which infrastructure calls. Less than half of IT professionals in the U.S.

Training 148

Training Survey Compliance Data 148

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

NOVEMBER 4, 2016

Tripwire, a provider of security and compliance solutions for enterprises and industrial organizations, announced Thursday (Nov. 3) a new study that shows retail IT professionals were overconfident in their ability to collect data needed to identify and stop a cyberattack.

Retail 100

Retail Study Survey Security 100

PYMNTS

APRIL 26, 2018

is only weeks away from bringing its Global Data Protection Regulation (GDPR) rules into effect, and corporates are ill-prepared for the data security requirements, according to new research. With markedly disparate levels of compliance expected by May 25, it will be interesting to see what the regulators’ response will be.”.

Data 148

Data Compliance Survey Regulation 148

PYMNTS

DECEMBER 11, 2020

The Bank of Thailand, the nation’s central bank, announced the expansion, which was done in collaboration with the Securities and Exchange Commission, the Office of the Insurance Commission, the Electronic Transactions Development Agency (ETDA) and the National Credit Bureau (NCB).”.

Video 204

Video Security National Digital Banking 204

PYMNTS

JULY 17, 2019

In a recent Mastercard study, it was revealed that only 25 percent of online merchants were aware of SCA requirements , and of that group, 24 percent said they have no plans to support the requirements by the deadline. Dragging their heels could have serious financial implications, according to a separate study by Stripe.

Retail 162

Retail User Experience Compliance Regulation 162

PYMNTS

SEPTEMBER 12, 2019

The Cost of Compliance. The projected 2020 cost of AML compliance across all U.S. were equally split between regulatory compliance (69 percent) and reputational risk (69 percent), though reputation was a larger motivation among larger companies. financial institutions (77 percent) for AML compliance.

cryptocurrency 116

cryptocurrency Regulation Compliance blockchain 116