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Banking Computer-Security Incident Notification Requirements Take Effect

Abrigo

New Rule Outlines Computer-Security Incident Notification Obligations for Banks Financial institutions and their service providers should prepare to meet new computer-security notice requirements by May 1, 2022. . Computer-security incident notifications required. Expand and Clarify.

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Two Perficient Colleagues Quoted in Forrester Report on Emerging Insurance Technologies

Perficient

Insurers are constantly striving to improve their operations, provide better experiences for customers, and minimize risks. Traditional life insurance underwriting, typically relying on factors like age, gender, zip code, smoking status, and marital status, has already contributed to narrow risk definitions for insurers.

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Open Banking Meets Instant Payments At The Online Checkout

PYMNTS

It is definitely getting very cluttered. Building on top of the open banking infrastructure, PayDirect is a new payment method that enables companies to take online payments in a highly secure way, and also pay out to customers through the same rails. I mean, how does a piece of plastic have anything to do with online?

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D.C. Department of Insurance, Securities and Banking issues bulletin on money transmission

CFPB Monitor

On August 8, 2022, the District of Columbia Department of Insurance, Securities and Banking (the Department”) issued a Bulletin on money transmission (the “Bulletin”). The court therefore relied on the common definition of the term “money,” namely a “medium of exchange, method of payment or store of value.” Code §26-1001 et seq.,

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U.S. Regulations to Consider When Managing a Cryptocurrency Fund

Perficient

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.

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How Homesharing Platform Spotahome Mitigates Data Security Concerns

PYMNTS

Security and the Homesharing Platform. Trust is essential when it comes to online booking, and if homesharing platforms can’t engineer that trust among its users, they won’t be able to compete. Tenants are also given relocation options if their accommodations don’t match what they saw online, Monteiro said.

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Coast Capital On Weathering The Pandemic And Planning For The Future

PYMNTS

Everyday operations ground to a halt for most consumers, businesses and financial institutions (FIs) when the pandemic began, and credit unions (CUs) were no exception. Many CUs struggled to achieve such quick pivots, but those that had already invested in the necessary technologies and security infrastructures were able to make the shift.

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