PYMNTS

SEPTEMBER 24, 2019

The bumpy road cryptos face under scrutiny from regulators (we’re looking at you, Libra ) was a springboard into a larger discussion between Zac Cohen, general manager at Trulioo , and Karen Webster on the challenges FIs and others face when deploying new technologies. Identities, in turn, must be secured, verified and reusable.

Innovation 182

Innovation Fraud Technology Security 182

PYMNTS

MAY 23, 2017

Innovation is happening at the speed of payments — which, as it turns out, can be pretty fast these days. I travel three weeks out of four to meet our stakeholders in the markets they are in — customers, agents, regulators and employees. PYMNTS: What does a day in your life look like? I try to keep this to a minimum.

Innovation 190

Innovation Payments Compliance Risk Management 190

PYMNTS

DECEMBER 31, 2020

Morgan’s EMEA Head of Wholesale Payments Shahrokh Moinian, technological innovation is helping to unlock more opportunities for corporate treasurers to step up to this newfound strategic role of mitigating risk within their organizations. The other is technological innovation. i2C: Regulators Circle The Wagons On Big Tech.

Innovation 289

Innovation Payments Trends Regulation 289

PYMNTS

JANUARY 22, 2020

Big Tech, too, of course, and digital taxes. Separately, IBM CEO Ginni Rometty told CNBC from Davos that artificial intelligence should be subject to “precision regulation … you want to have innovation flourish and you’ve got to balance that with security.” Climate change. Trade accords.

Taxes 131

Taxes Regulation Conference National 131

PYMNTS

MARCH 18, 2016

” Innovation Project 2016 — where hundreds of leaders across the payments, commerce, tech and security ecosystems joined together under one roof with one mission: navigating the balance between the leading and the bleeding edge. Especially when your talking innovations in payments. So, how did Day 2 end up?

Innovation 100

Innovation Security Industry blockchain 100

PYMNTS

JUNE 8, 2016

In a payments landscape that is ever-changing and rapidly growing, having a focus on innovation that takes that same approach is significant. As Peter Read , President of Peoples Card Services , recently pointed out to PYMNTS, needs are never static, and neither should the payments innovation aimed at addressing them.

Innovation 100

Innovation Millennials Cards Fintech 100

PYMNTS

NOVEMBER 6, 2017

The Social Security number (SSN) was never meant to get this much attention. It was never meant to be shorthand for, well, you – proving that you are who you say you are, serving as a gateway to all manner of sensitive data and, of course, financial accounts. Think again.

Security 109

Security Data Fraud Regulation 109

PYMNTS

FEBRUARY 15, 2019

Visa’s network fees are paid by our financial institution clients and used to enhance the safety, efficiency and innovation of our platform, and are set based on market conditions and to reflect the value we deliver,” she added. It’s a fact that merchants, of course, do not love.

Cards 224

Cards Course Security Fraud 224

PYMNTS

JULY 11, 2017

The basis of innovation is not the desire to create something new or even the inspiration to do so. Innovation occurs where there is a problem and a person with the tools to solve it. Anyone can have a good idea,” Lowthers said; innovation is about what you do with it. PYMNTS: Where do you look for innovative ideas, and why?

Innovation 101

Innovation social media Security Leadership 101

PYMNTS

OCTOBER 11, 2019

Financial institutions (FIs) worldwide are innovating their AML strategies to protect against similar events, but the process requires more than simply adding security to their online platforms. Consumers want speed and personalization, but they don’t want to sacrifice security,” he said. AML Strategies and Innovation Quirks.

Strategy 123

Strategy Innovation Fraud Security 123

PYMNTS

JUNE 4, 2019

Lead, follow or get out of the way — that seems to apply to the rise of Open Banking, which promises more financial services innovation, along with greater financial transparency and flexibility. Technology, of course, stands as a vital part of the overall effort. Open Banking, which launched in the U.K.

Course 203

Course Innovation Data Industry 203

PYMNTS

NOVEMBER 18, 2016

As more stakeholders and players join the fold, there’s a ripe opportunity to find innovative ideas in unlikely places. PYMNTS: How would you define your company’s approach to innovation? PYMNTS: Where do you look for innovative ideas, and why? PYMNTS: What is the most innovative thing you’ve ever done?

Innovation 100

Innovation Payments Software Trends 100

PYMNTS

JANUARY 22, 2019

Last year brought the General Data Protection Regulation (GDPR) deadline, Europe’s attempt to boost online privacy and security for consumers — a law that just resulted in a $57 million fine against Google , which was accused of not doing enough to gain the consent of users when collecting data meant for targeted advertising.

Payments 195

Payments Regulation Security Data 195

PYMNTS

SEPTEMBER 6, 2016

In a world where payments become more invisible the more digital they become, there’s never been a better opportunity to consider new ways to enable the digital transformation of financial services in a secure and compliant way. Payments Security As A Digital Business Enabler. Then, there was sudden exponential growth in innovation.

Security 100

Security CA Payments Big Data 100

PYMNTS

JANUARY 20, 2021

That includes anniversaries in the payments space, of course. Generally speaking, that data sharing paves the way for a streamlined banking experience, especially over online and mobile conduits, via regulated providers. Anniversaries offer a moment to pause and reflect, and look back on what’s past and what’s to come. Last week, Jan.

Data 188

Data Innovation Fintech Regulation 188

PYMNTS

OCTOBER 21, 2019

As Seedrs CEO Jeff Kelisky told Karen Webster in a recent discussion, while most people in 2009 took one look at the sputtering and shuddering economy, there was a whole class of innovators and entrepreneurs who didn’t see a nuclear wasteland where the economy used to be. They saw a greenfield waiting to be planted.

Innovation 131

Innovation Payments Apple Mobile 131

PYMNTS

SEPTEMBER 11, 2019

“Switzerland offers a pathway for responsible financial services innovation harmonized with global financial norms and strong oversight,” Facebook’s Libra Association said in a statement to CoinTelegraph. “We

Payments 182

Payments social media cryptocurrency System 182

PYMNTS

DECEMBER 21, 2018

A bipartisan bill has been introduced by Congress that would aim to amend the Securities Act of 1933 and the Securities Exchange Act of 1934. “In the early days of the internet, Congress passed legislation that provided certainty, and resisted the temptation to over-regulate the market. According to CNBC , Reps.

Bitcoin 175

Bitcoin cryptocurrency Ohio Leadership 175

PYMNTS

AUGUST 3, 2018

Department of the Treasury report on how to encourage more FinTech, payments executives were mulling over the report, wondering if it would lead to any concrete improvements and giving their ideas to PYMNTS about how to best improve payments innovation and entrepreneurship. FinTech Improvements. Additionally, the report calls upon the U.S.

Fintech 115

Fintech United States Regulation Innovation 115

Abrigo

NOVEMBER 17, 2023

This , of course , doesn’t include fraud losses that were not filed due to the victim's embarrassment or lack of knowledge on how to report. As overseers tighten the leash with stringent regulations aimed at protecting consumers, the cost of compliance grows. According to the Federal Trade Commission (FTC), consumers lost $8.8

Fraud 195

Fraud Training Trends Compliance 195

PYMNTS

SEPTEMBER 10, 2019

The Geneva-based, Facebook-led Libra cryptocurrency will have to adhere to stringent regulations, Reuters reported on Tuesday (Sept. The meeting agenda included discussions around money laundering, terrorism and what type of enforcement would be used to ensure that coin companies comply with regulations.

cryptocurrency 109

cryptocurrency blockchain Meeting Regulation 109

PYMNTS

DECEMBER 12, 2018

However, with so much sensitive information being transferred with each transaction, the need to keep the data secure has never been greater. In the new Smarter Payments Tracker , PYMNTS explores the latest efforts by banks and businesses to keep payments data secure from fraudsters, cybercriminals and other bad actors. Even the U.S.

Report 165

Report Payments Data Illinois 165

PYMNTS

DECEMBER 18, 2018

The release comes amid increasing attention on issues involving ID , authentication and “ know your customer ” tactics and strategies — and as observers anticipate even more focus in 2019 on issues related to online security and privacy and AML efforts. That’s a stretch, of course. One reason?

Compliance 152

Compliance Fraud Security FDIC 152

PYMNTS

JUNE 19, 2020

Security Save Of The Week: Blocking The Biggest DDoS Attack Attempt Ever . Incremental additions from Shopify would of course move the needle quite a bit. Of course, Walmart has about 120 million visitors a month to its web site, while Amazon had 2.5 However, Walmart will still be trailing Amazon which has 2.5

Security 141

Security Georgia Branding Course 141

PYMNTS

MAY 10, 2019

Among the highest ideals for digital payments – driving innovation in transactions and customer experience – is, of course, the concept of seamlessness. That implies an ease of use while giving up nothing when it comes to security. Quick, Secure Validation. New NACHA Rule.

Payments 178

Payments Fraud Security Customer Experience 178

PYMNTS

JUNE 24, 2020

The B2B firm said it works with “leading money transfer operators, mobile wallet operators and financial institutions to facilitate digital transactions without borders,” and is regulated in more than 45 countries around the world.

Payments 243

Payments Fintech Course Operations 243

Abrigo

JANUARY 4, 2023

banking regulators recently warned financial institutions that dealing with cryptocurrency exposes them to an array of risks. Consumers are accustomed to upgrades as part of innovative technology. Securities and Exchange Commission (SEC) governs crypto assets that could be considered securities. BSA Rules and Regulation.

social media 195

social media Fraud cryptocurrency Trends 195

PYMNTS

OCTOBER 7, 2019

Securities and Exchange Commission (SEC) is seeking to “modernize” the regulation of exchange-traded funds (ETFs) in a bid to make those investment vehicles more innovative, and give them quicker entrance to the market. Crypto prices, of course, have been nothing if not volatile.

cryptocurrency 134

cryptocurrency Bitcoin Regulation Retail 134

PYMNTS

MAY 9, 2017

In an interview with PYMNTS’ Karen Webster, Ralf Ohlhausen, business development director at PPRO Financial, said, “From the outset, none of the banks would have been very excited about the prospect of letting third parties access their customer data, which is quite understandable of course.”

Data 135

Data Security social media Innovation 135

PYMNTS

JUNE 19, 2018

The time for “wait and see” is running out when it comes to new European privacy regulations. Soon enough, the financial and consumer impacts of the General Data Protection Regulation (GDPR) will become clear enough that companies that took a laggard’s approach may start to feel significant pain.

Regulation 101

Regulation eBook social media Case Study 101

PYMNTS

FEBRUARY 6, 2019

That reality, of course, places a premium on the accuracy of that data, as well as efficient access to it and the secure storage of all that deeply personal information. Then, regulators can see tangible use cases” that prove the appeal of blockchain in the healthcare space. So have biometrics. Better Patient ID.

blockchain 194

blockchain Data Security System 194

PYMNTS

DECEMBER 26, 2018

Open banking didn’t just kick off via PSD2 regulations across Europe and the U.K. I think for our industry, APIs are a very positive innovation,” said Hubert J.P. Of course, the FinTechs are eager to welcome corporate bank data into their own platforms to augment services for businesses, too. Finserv Embraces The API. “I

Data 175

Data Regulation America Security 175

PYMNTS

JULY 17, 2019

Beyond the technological advances, of course, China’s push toward a digital economy comes as the government has also digitalized the national ID card, which must be wielded by every citizen over the age of 16. Europe’s General Data Protection Regulation springs to mind.). The Big Tech Effect. the continent and beyond.

Course 185

Course Regional Policies Data 185

PYMNTS

APRIL 3, 2018

But an increased focus on innovation means the path to understanding what actually constitutes “better” is unclear. That means risks for innovators (and banks) — but a massive opportunity too. Of course, it seems FinTech innovators cannot have a conversation about disruption without mentioning blockchain too.

blockchain 177

blockchain Tools Regulation Fintech 177

PYMNTS

AUGUST 14, 2019

14 as part of the Payments Service Directive (PSD2), stands as one of the most comprehensive global efforts to bring more security to online payments and eCommerce – while also, at least ideally, reducing the friction that can alienate consumers from merchants, financial institutions and payment services providers. a password).

Compliance 115

Compliance Tools Regulation Meeting 115

PYMNTS

SEPTEMBER 17, 2020

Earlier this year, as noted by PYMNTS , the bank said it “established a small in-house Innovation Lab as a way to strengthen engagement with, and understanding of, new and emerging technologies that are relevant to its policy and operational responsibilities.”

Policies 181

Policies Boston Examples ATM 181

PYMNTS

OCTOBER 25, 2019

Across the pond, the General Data Protection Regulation ( GDPR ) took effect in May of 2018. Yet, the regulations are still evolving, and differ depending on where one looks. Though information security and privacy are table stakes in the online world today, noted Stonier, data standards are lacking.

Data 102

Data Survey Compliance Examples 102