South State Correspondent

APRIL 23, 2023

Analysts, regulators, legislators, and bankers have been attributing the root cause of SVB’s failure in the past month. Some blame the dilution of the Dodd-Frank provisions, others the lack of oversight by regulators, and others still blame social media for exacerbating the deposit run.

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PYMNTS

MAY 31, 2016

And the regulations just keep coming. As noted in The Wall Street Journal Tuesday , the fact remains that lenders are “awash in new regulations,” with swelling ranks of both interpreters and enforcers bringing “striking changes” to banks and their own internal day-to-day mindsets and operations. Regulators monitor chat rooms.

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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. That’s up from $601 billion in 2016.

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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.

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PYMNTS

DECEMBER 7, 2018

Not to ruin your holiday spirit, but let’s start this story with the cold and brutal truth: One of the largest risks that payments and commerce operators face in 2019 is being called to account by government officials, regulators or media about a failure to secure their organizations from cyberattacks. and other places.

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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.

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PYMNTS

DECEMBER 24, 2020

It all depends on how you look at it — and where you look, of course. Bitcoin, of course, exists as one of the most widely recognized cryptocurrencies. And, of course, the crypto landscape extends well beyond bitcoin. Of course, it’ll take some time to get there if we do. Still, a new year dawns.

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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. Or watch its digital disruption.

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PYMNTS

MARCH 29, 2019

Unfortunately, smoothly and securely connecting employers and freelancers from around the globe is no easy task. Gig work marketplaces must tackle these concerns on top of meeting various governments’ security and compliance regulations – and do so quickly, or they’ll turn their user base away. . Global Security .

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PYMNTS

MAY 22, 2017

That depends, says counterterrorism and cybersecurity expert Richard Clarke, on what companies, banks and regulators are willing to learn from the incident. To get more banks into the two-step authentication mix, Clarke recommends regulation, which would compel mandatory compliance. “A s National Health Service.

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PYMNTS

DECEMBER 5, 2019

The Department of Homeland Security (DHS) has reversed its plans for mandatory facial recognition scans of Americans arriving and departing the country, TechCrunch reported on Thursday (Dec. Upon consultation with Congress and privacy experts, however, CBP determined that the best course of action is to continue to allow U.S.

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PYMNTS

JUNE 12, 2020

As a quick refresher course, Charles Ponzi plied his dark trade a century ago, giving his initial investors the sky-high returns he promised. And regulators have concluded that Quadriga failed because late CEO Gerald Cotten, who died in 2018, had been conducting fraudulent trades. Only $46 million was eventually recovered.

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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. Additionally, the human capital investment—in terms of both hiring fraud prevention experts and training existing staff—represents a significant operational expense. financial s ystem.

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PYMNTS

MAY 26, 2016

Those services launched into virgin territory in terms of regulation — businesses of this kind had never quite existed before — and so the rules and regs in place did not quite manage to directly address them. Uber has since fired back with its own PR statement, of course. So what did we learn this week?

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PYMNTS

DECEMBER 10, 2020

Speaking with PYMNTS, Rusty Zosel , CEO of healthcare industry procure-to-pay solution provider Procurement Partners , traced back through the biggest pain points healthcare entities experienced as they raced to secure the products they needed to care for patients and keep their heads above water. The pain points don't stop there, either.

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PYMNTS

JUNE 26, 2020

The CEO of Crypto.com, a Wirecard Card Solutions card issuer, vowed to issue refunds to its customers hours after the United Kingdom’s financial regulator froze German payment processor Wirecard’s cash and assets. “We Wirecard filed for insolvency Thursday after independent auditors could not account for $2.1

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PYMNTS

SEPTEMBER 10, 2019

The Geneva-based, Facebook-led Libra cryptocurrency will have to adhere to stringent regulations, Reuters reported on Tuesday (Sept. Under Secretary of Terrorism and Financial Intelligence Sigal Mandelker told Geneva reporters that all cryptocurrency projects operating in the U.S.

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PYMNTS

MAY 15, 2019

That doesn’t mean operators of sharing economy platforms can just take growth for granted. Regulation Factor. Another challenge the relatively young online sharing economy faces, oddly enough, is lack of regulation. Nor can they afford to just concentrate on direct competitive issues, at least not how Pointner tells it.

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PYMNTS

JUNE 29, 2020

The pandemic has spurred businesses — by necessity — to use digital means to interact with their employees and to keep operations humming. Regulations are still where they were pre-pandemic,” Valdespino said. Regulations tend to vary across states, leading to a “patch quilt” of payment offerings.

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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.

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Abrigo

NOVEMBER 9, 2020

Sound loan administration software or systems will generate accurate, timely information in a secure environment. A smooth, effective loan administration process is like the defensive line against unnecessary loan losses, given that it impacts operations from the time a loan is approved until it is off the bank or credit union’s books.

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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.

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PYMNTS

AUGUST 3, 2018

The report , released in support of President Trump’s call to regulate the U.S. In general, the department proposed to fuel more FinTech activity in the United States by loosening federal regulations, enacting national data breach protections and drafting “model laws” at the state level to reduce overlapping red tape.

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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.

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PYMNTS

MAY 14, 2018

The rule, of course, amended Bank Secrecy Act regulations in ways that seek to enhance transparency in reporting of ownership of legal entities. FinCEN has said that the beneficial owner is someone who owns 25 percent or more of a legal entity, or has a significant role in overseeing day-to-day operations. firms into bankruptcy.

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PYMNTS

MARCH 5, 2018

Securities and Exchange Commission issued scores of subpoenas and Requests for Information (RFIs) focused on initial coin offerings (ICOs). game have been drawing increased scrutiny from regulators … everyone from exchange operators to miners. has been somewhat, at least arguably, late to the ICO regulation game.

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PYMNTS

MARCH 27, 2019

What the regulator (or lawmaker, or court) giveth, the regulator (or lawmaker, or court) can taketh away. Customers want to make sure they are protected,” Zekri said – a desire that extends to making sure their winnings and deposits are secure, and that funds are available for efficient withdrawal. Friction Balance. In the U.S.,

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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. Operational Concerns.

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PYMNTS

JULY 17, 2019

“They leapfrogged all the traditional mechanisms and went straight to mobile adoption and biometrics , and that has a significant impact on how the digital identity market operates there, how people respond to it, and what their expectations are,” Cohen told Webster. Europe’s General Data Protection Regulation springs to mind.).

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FluentBanking

APRIL 18, 2020

Though there are so many contradictions about this course, every banker wants to pass this certification. It is important to know thoroughly about the syllabus and regulations of any course before enrolling in that. Today we are going to provide you a better insight into IBB, Bangladesh, and their banking diploma course.

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PYMNTS

MARCH 27, 2019

While regulators had transparency and financial security in mind when introducing more stringent requirements for banks following the global financial crisis, financial institutions faced a sudden surge in the burden compliance. The Key To Compliance Is Data. From Burden To Opportunity.

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PYMNTS

JULY 15, 2019

Cryptocurrency transactions’ irreversible and anonymous nature and existence outside traditional banking infrastructures make them tempting targets for criminals, putting pressure on exchanges to enhance their defenses and oversight to protect users and comply with regulations. Facing Fraud.

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cryptocurrency Fraud Security Bitcoin 193

PYMNTS

DECEMBER 11, 2019

Many legal cannabis businesses continue to rely on cash, paper and offline methods of communication to conduct operations without access to traditional financial services. Of course, that’s not always easy when industry participants are forced to rely on state-chartered banks, or no banks at all. Technology From The Get-Go.

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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.

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PYMNTS

JANUARY 29, 2019

In the meantime, what should businesses that want to operate in that new world do besides sit around and wait? That said, it doesn’t mean payments and commerce operators interested in the sports betting space need to sit by helplessly as the political process takes it course, he explained. More about that in just a bit, though.

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Abrigo

MARCH 27, 2020

Of course, the confidence in that number may not be as high as it was two months ago, but it’s still something that every 2020 filer has to do.” Nearly a third of attendees cited operational concerns (18%) or staffing concerns (13%) as their top worry. “I Many bankers are now asking questions like, “How will the scenario change?

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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.”

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