PYMNTS

DECEMBER 17, 2020

Securities and Exchange Commission has come to a head — and the stock-trading platform has agreed to pay $65 million to settle claims that it did not do enough to inform customers about its business deals with high-speed trading companies. The investigation into Robinhood by the U.S. The SEC reportedly filed charges on Thursday (Dec.

Massachusetts 185

Massachusetts Regulation Security Payments 185

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

Abrigo

MAY 11, 2020

Key Takeaways The FFIEC issued a joint statement highlighting best practices for safe and sound use of cloud computing services. The financial services industry is often cautious about moving data to the cloud, and rightly so with a heavy concentration of customers’ private information. Learn more. What is Cloud Computing?

Data 195

Data Training Risk Management Software 195

PYMNTS

DECEMBER 13, 2020

Tradeteq said in prepared statements picked up by several FinTech media outlets that the arrangement will make it easier for customers in diverse markets to use the company's platform without worrying about security. Moore made his remarks shortly after Mastercard announced a collaboration with Microsoft.

blockchain 267

blockchain Security Operations Report 267

PYMNTS

SEPTEMBER 29, 2020

A new Mastercard initiative aims to improve online transaction clarity so that customers can know exactly who they purchased from, according to a press release Tuesday (Sept. The release said doing so is a way to both clear up confusion for customers and also to allow brands a way to establish more presence.

Online 243

Online Guidelines Study Fraud 243

PYMNTS

JUNE 21, 2020

Yvonne Yiu , head of global liquidity and cash management with HSBC, said the simplicity makes a difference for the customer. FinTech unicorn Futu Securities has adopted the API, according to the release, which will allow investors to sign up and top up their securities trading through Futu, enabling them to stay on top of insider trading.

Payments 359

Payments System Security Management 359

PYMNTS

OCTOBER 7, 2020

“We see great potential for banks that are competing against FinTechs and alternate networks when it comes to cross-border payments,” Sonny Singh , Oracle Financial Services’ executive vice president and general manager, said in a statement.

Payments 363

Payments Industry Meeting Management 363

PYMNTS

MAY 15, 2020

In court documents, Amazon argues the companies developed a fraudulent technical support platform to trick customers seeking to set up Alexa-enabled Echo smart speakers at home with faux Amazon apps. Robojap and Quatic could not be reached for comment, the news service reported.

Seattle 241

Seattle Washington Software Branding 241

PYMNTS

NOVEMBER 16, 2020

ai has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) for an initial public offering (IPO). Morgan and BofA Securities , with Deutsche Bank Securities acting as another book-running manager for the proposed offering, the release stated. Siebel wrote in the registration statement.

Software 201

Software Leadership New York Security 201

PYMNTS

OCTOBER 1, 2020

SWIFT , a global provider of secure financial messaging, announced a new service Thursday (Oct. The Belgium-based cooperative said the initiative will enable customers to make faster, easier, predictable and competitively-priced payments worldwide. “The

Payments 283

Payments Strategy Security Community 283

PYMNTS

SEPTEMBER 23, 2020

Consumers also have fast digital access to card information, including the 16-digit number, CVC2, expiration date and customer service information. With the Digital First Card Program, we have designed a financial experience that mirrors the lifestyle of today’s generation, with simplicity and security as our guiding principle.”.

America 251

America Cards Guidelines Apple 251

PYMNTS

SEPTEMBER 17, 2020

SWIFT , a global provider of secure financial messaging services, announced Wednesday (Sept. The firm said its customers and partner-led innovation groups have wanted more tracking of payments for some time, and Ascendant is also making its data accessible to customers via aPay and its API solution, aPay Link. “We

Innovation 348

Innovation Payments Compliance Data 348

PYMNTS

SEPTEMBER 28, 2020

Barrenechea in a statement. According to the report, business leaders are more concerned about data security than ever before, citing the pandemic as one factor behind the fears. Security awareness training doesn't do anyone any good if they sleep through it," said MediaPRO Chief Strategist Lisa Plaggemier in a statement.

Fraud 241

Fraud Training California Security 241

PYMNTS

APRIL 16, 2020

Verizon has announced it is set to acquire BlueJeans, a video-conferencing company catering to business customers. As a Zoom competitor, BlueJeans touts its security, high quality and wide range of customers, from smaller organizations to multinational customers. The deal is expected to close in the second quarter.

Video 151

Video Report Tools Security 151

PYMNTS

NOVEMBER 5, 2020

Two SMB BaaS companies secured new funding, while FinTech Wise says it is ushering in a new definition of open banking with its embedded banking functionality. The Software-as-a-Service tool also includes support for adding custody of fractionalized assets, including crypto, real estate and securities. BizCapital. StreetShares.

Fintech 258

Fintech Lending Software Security 258

PYMNTS

OCTOBER 11, 2020

“The deal will see Paynetics work with corporate customers, who have previously relied on Wirecard for card issuing and payment services, to adopt Paynetics for the continuation of their existing card programs,” the announcement states. Terms were not disclosed in the announcement. and European markets.”.

Operations 264

Operations Cards Software Payments 264

PYMNTS

NOVEMBER 10, 2020

Atlanta payments encryption firm Bluefin is partnering with New York mobile payments processor PAAY to advance eCommerce security. Founded in 2007 by Miles and John Perry, who serves as chief executive officer, Bluefin specializes in encryption and tokenization payment and data security. . also known as 3DS 2.0

Security 233

Security New York Atlanta Fraud 233

PYMNTS

JANUARY 26, 2021

marked its third anniversary of adopting its open banking framework, making it the leading market to drive the concept of unlocking customers’ bank account data for integration with third-party solution providers. The partnership, which will see the bank adopting its B2B payments platform to finance trade of its corporate customers.

blockchain 355

blockchain Data Fintech Technology 355

Bank Innovation

FEBRUARY 7, 2018

Norwegian bank, Nordea is replacing token passwords with biometric authentication for its employees dealing with confidential customer data. For this, Nordea has tapped Massachusetts based-biometrics security company Veridium, according to today’s announcement.

Data 186

Data Massachusetts Security Company 186

PYMNTS

NOVEMBER 13, 2020

Securities and Exchange Commission ( SEC ) on Friday (Nov. Authorities allege that over a period of years, Wells Fargo allegedly opened new credit cards and other accounts without permission for existing customers with different accounts, so as to meet “cross-sales” targets. Stumpf agreed to settle the charges by paying a $2.5

Fraud 230

Fraud California Community Bank Security 230

PYMNTS

NOVEMBER 22, 2020

Raiffeisen , the third-largest Swiss banking group, has joined up with software provider CoCoNet to launch a payment and cash management service for companies, a statement says. We are very pleased to have won a new customer in Switzerland with the Raiffeisen Banking Group," he said, according to the release. “We

Management 193

Management Payments Groups blockchain 193

PYMNTS

DECEMBER 18, 2020

Treasury Secretary Steven Mnuchin said in a prepared statement that the new proposed rule “addresses substantial national security concerns in the CVC market and aims to close the gaps that malign actors seek to exploit in the record-keeping and reporting regime. Bitcoin is a popular example.

Bitcoin 354

Bitcoin US Regulation cryptocurrency 354

PYMNTS

NOVEMBER 18, 2020

13), according to the post, and was able to “mitigate risk to customer accounts and assets.” The company confirmed in the post that while its customer’s assets are secure, personal contact information and encrypted passwords might have been compromised in the attack. “We

Bitcoin 151

Bitcoin Report cryptocurrency Security 151

PYMNTS

OCTOBER 15, 2020

After the attack last week, Robinhood only disclosed a few details, saying "a limited number" of customers had been affected and their emails outside of Robinhood had been the way they were hacked, Bloomberg reported. Investors said they'd tried in vain to contact the brokerage app, which doesn't have a customer service phone number.

Report 276

Report social media Fraud Tools 276

PYMNTS

OCTOBER 1, 2020

“In the midst of a massive shift to digital spending, businesses everywhere and of every size are trying to appeal to a changed and changing consumer,” said Dimi Dosis, Mastercard’s president of advisors, in a statement. She introduced curbside pickup in June as customer behavior shifted.

Tools 262

Tools Cards Guidelines Online 262

PYMNTS

SEPTEMBER 9, 2020

“Central banks have accelerated their exploration of digital currencies with a variety of objectives, from fostering financial inclusion to modernizing the payments ecosystem,” said Mastercard Executive Vice President Raj Dhamodharan in a statement. The Mastercard-branded payment cards promise to allow consumers to pay with cryptocurrency.

cryptocurrency 330

cryptocurrency Regional Survey blockchain 330

PYMNTS

JANUARY 30, 2020

30), citing a security researcher. Some of the affected customers were said to be authorities. The breach was supposedly discovered via white-hat or ethical hacking , the security researcher said. The security researcher got into SpiceJet’s network last month by “brute-forcing” the system’s weak password.

Data 201

Data Security Regulation System 201

PYMNTS

SEPTEMBER 30, 2020

It’s happened to almost all consumers: They’re idly perusing their credit card statements when they come across completely confusing, seemingly random charges from businesses they don’t recognize in locations they’ve never visited. Consumers panic and call their issuers to question these charges.

Cards 220

Cards Online Fraud US 220

PYMNTS

NOVEMBER 3, 2020

Folksam said it had accidentally allowed big tech companies to access customers’ private data, Bloomberg reported. Folksam shared client data with Facebook, Google, Microsoft, LinkedIn and Adobe, the Swedish company said in a statement on Tuesday (Nov.

Groups 255

Groups Data Report America 255

PYMNTS

NOVEMBER 10, 2020

The collaboration will give Walmart customers more debit payment options, allowing them to transact using their own money within the channel of their choice," William Keliehor , chief commercial officer at Interac, said in a statement on Tuesday (Nov. million-plus customers daily.

Retail 146

Retail Security Cards Online 146

PYMNTS

APRIL 3, 2019

Business payments company Bill.com has secured unicorn status and launched a partnership with Mastercard to accelerate accounts payable for joint business customers. ” Bill.com said in its press release that it is approaching three million customers, and currently manages more than $60 billion in annual payment volume. .”

United States 183

United States Cards Security Resources 183

PYMNTS

APRIL 9, 2020

Periscope Holdings , which owns BuySpeed, said in a statement per the outlet, “We were aware of CERT Vulnerability Note VU#660597. We have already developed remediation and have made this available to customers. The vulnerability was found by researchers that made a presentation of their findings at the USENIX Security Symposium.

Texas 268

Texas Security Software National 268

PYMNTS

JUNE 15, 2020

“As digital becomes the epicenter of daily life during the global pandemic, being able to move money in real-time is increasingly critical for consumers and businesses,” said Jack Forestell, Visa’s chief product officer, in a statement. Small businesses are the backbone of the country.

Payments 270

Payments Technology Security Cards 270

PYMNTS

SEPTEMBER 8, 2019

A statement by Monster’s chief privacy officer, Michael Jones, said the server was owned by an unnamed recruitment customer that Monster no longer works with. Even after multiple requests, Monster declined to name the customer. In fact, it didn’t admit to the incident until a security researcher alerted TechCrunch of it.

Online 184

Online United States Security Data 184

PYMNTS

OCTOBER 28, 2020

Enterprise IT solutions platform Oracle is introducing new cloud services to provide smaller banks with the ammunition to fight large-scale money laundering schemes, Oracle said in a statement on Wednesday (Oct. With over 20 years of experience fighting cybercrime, the Oracle Cloud Infrastructure (OCI) claims to be highly secure and scalable.

Compliance 154

Compliance Security Management Analysis 154

PYMNTS

SEPTEMBER 27, 2020

The company filed a draft registration statement with the Securities and Exchange Commission (SEC) in order to do so. Poshmark Founder and CEO Manish Chandra said the explosive popularity of resale is driving a new wave of social commerce, with customers looking at different ways to shop and get the most value.

Branding 274

Branding Report Security Innovation 274

PYMNTS

JANUARY 20, 2021

The companies said this is a “first” for the South African banking sector, and the new program will allow SMB bank transactions imported directly and securely from Nedbank accounts into the Xero cloud accounting platform, the report stated. He said in the report that the idea is to help support small businesses.

Data 167

Data Report Security Tools 167