PYMNTS

APRIL 24, 2020

The new guidelines require companies to certify with their lender that they need the loan and cannot access the money from other sources. As the COVID-19 pandemic impacts banking operations across the U.S., credit unions (CUs) are innovating to digitize their products and services.

Payments 146

Payments Guidelines Innovation Cards 146

PYMNTS

SEPTEMBER 28, 2020

The FinTech ecosystem within Saudi Arabia has been expanding steadily over the past decade, for example, with more than 60 FinTechs now operating, compared to the 20 companies operating within the country in 2019. This is also the aim behind several regulatory changes taking place in other MENA markets, notably Egypt.

Online 151

Online Report Payments Regulation 151

PYMNTS

MARCH 27, 2020

QR codes have enjoyed mounting adoption in the consumer payments landscape around the world in recent years as FinTech solutions embrace end-user efficiency and take advantage of smartphone penetration. QR codes [are] an excellent example of the innovation we will see on the back of Payments Initiation. A B2B Opportunity.

Payments 151

Payments Innovation Security Guidelines 151

PYMNTS

OCTOBER 27, 2019

27), far-flung verticals such as healthcare and seafood supply chains – and even FinTech – can be united under a key principle: Trust. The announcement of the blockchain-based solution comes in the wake of Mastercard outlining guidelines for blockchain development earlier this month. The Partnership Ecosystem.

blockchain 100

blockchain Guidelines Fintech Fraud 100

PYMNTS

JUNE 15, 2020

Express Company, a joint venture between American Express and LianLian DigiTech, a Chinese FinTech services company, is expected to begin processing transactions later this year. s wave hit in the mid-1990s, innovators were told that moving in “internet time” would give them an overnight competitive advantage. Why Digital’s 3.0

Guidelines 131

Guidelines Payments Digital Banking Company 131

PYMNTS

AUGUST 1, 2019

Financial service providers are operating in a global payments market filled with disruption as they work to offer cross-border corporate payment services that live up to businesses’ standards.

Payments 152

Payments Guidelines System Compliance 152

PYMNTS

MARCH 25, 2019

DNB is responsible for approving PSD2 payment licenses in the Dutch market, so third parties will have to follow their guidelines if they want to continue operating in the region. As is the case with other countries in the EU, potential players in the Netherlands need to obtain a license to operate and collect data under PSD2.

Regional 108

Regional Regulation Data Payments 108

Insights on Business

NOVEMBER 20, 2017

This is resulting in direct pressure on financial institutions to adapt faster and place a premium on innovation now – more than ever before. By doing so, it also opens up the avenue for innovative players to provide value-added services on the back of this scheme. The value of incorporating APIs and voice in your operations.

Payments 79

Payments Guidelines Digital Banking Industry 79

Tomorrow's Transactions

DECEMBER 5, 2016

By “European lines”, I meant that a regulatory framework which separated systemically risky operations such as lending people money from systemically unrisky operations such as low-value payments would benefit all concerned. From Regulator will start issuing bank charters for fintech firms.

Fintech 30

Fintech Regulation Lending System 30

PYMNTS

MAY 1, 2020

The presence and curation of FinTechs is growing … and we are leveraging the technologies offered by FinTech players to enhance customer experience. The FSS understands that innovations often lead to heightened systemic, operational and cyber risks, as well,” he noted. “[It] “Similar to the U.K. 18, 2019, Choi continued.

Innovation 245

Innovation Regulation Digital Banking Security 245

NCR

AUGUST 18, 2017

Blockchain can unleash innovation across top line applications like loyalty and rewards, Internet of Things, marketplaces, and more – essentially any application where there is an exchange of digital assets, in addition to serving the bottom line. Forecasts about medium-term cost savings of key operations are promising.

blockchain 75

blockchain Technology cryptocurrency Study 75

PYMNTS

JANUARY 15, 2018

With that access, the thinking goes, new market entrants can offer new services to end users, with eyes dually focused on innovation and costs. For other firms, such as FinTechs or telecommunications companies, “they must coordinate and provide access to multiple different interfaces or protocols.”.

CA 112

CA Bitcoin Data Security 112

Banking 2020

MARCH 26, 2015

These are the hallmarks of a mature industry, one that isn’t expected to demonstrate extraordinary technical foresight and innovation. Furthermore, the CFPB is expected to give clear guidelines on using SMS, email, and social media in debt collections. However, change is coming.

Industry 40

Industry Guidelines social media Technology 40

PYMNTS

NOVEMBER 9, 2020

In banking, collaboration — between the traditional players like banks and the tech savvy FinTechs bringing a slew of new apps to market — is key. there are indications that the opening of data flows between financial services companies has led to strong innovation (and demand for that innovation), and more regulation may loom.

Fintech 285

Fintech Data Regulation Innovation 285

Abrigo

JUNE 12, 2023

The money transmitter industry is growing, spiked by advances in fintech and the consumer demand for immediate payment mechanisms. Since the passing of this model money transmitter act, many states have introduced or fully adopted these standardized guidelines. alone, handling $6 trillion in payments.

Compliance 195

Compliance Fraud Regulation Guidelines 195

PYMNTS

OCTOBER 6, 2017

And they have shorter timelines for rolling out operations. They don’t necessarily have a team of people specialized in setting up overseas operations.”. Regulatory guidelines may help address this issue. “Medium-sized businesses are very often growing at an accelerated rate,” she recently told PYMNTS.

Marketing 139

Marketing Data Security Regulation 139

PYMNTS

MAY 14, 2018

Financial institutions (FIs) that service the industry, she recently told PYMNTS, “don’t have the compliance people, processes or automated tools in place to meet the required guidelines — and are unknowingly putting their clients at risk.”. The guidelines are rigorous and expensive to adhere to,” she said. policymakers in 2014.

Compliance 130

Compliance Guidelines Industry Taxes 130

PYMNTS

DECEMBER 17, 2019

Open Banking is making its rounds across the globe as regulators embrace financial services industry competition, and as financial services players — both banks and FinTech firms — recognize their market opportunities by embracing data sharing.

Metro 136

Metro Regional Fintech National 136

PYMNTS

DECEMBER 27, 2019

What has to happen now is for all the stakeholders who make up the instant disbursement ecosystem as it stands today — large corporates, financial institutions, FinTech platforms, SMBs and consumers — to work collaboratively to make truly seamless and secure instant payments experiences across verticals and use cases a reality in the next decade.

Payments 131

Payments Maine Innovation How To 131

Tomorrow's Transactions

DECEMBER 19, 2016

The focus on APIs increased through the year and not only for the interfaces to 3rd parties but also as a mechanism for restructuring internal processes and operations. The NIST guideline goes on to talk about using push notifications to applications on smart phones, which is how we think it should be done. We got this one right.

Mobile 30

Mobile Retail Trends Security 30

PYMNTS

DECEMBER 24, 2019

In a podcast with PYMNTS’ Karen Webster, Rob Eleveld, CEO of Ekata , took note of how PSD2 and its strong customer identification (SCA) guidelines (which take effect in September) will shift checkout flows for transactions in Europe. Instant payments is an innovation that doesn’t require much explanation.

Payments 134

Payments Illinois Guidelines Mobile 134

FICO

DECEMBER 9, 2019

Drastic changes in creditor’s operating models will help debtors — in some places. At the same time, reputational risk for the creditor will go up if those countries that are not governed by best practice debt collection guidelines return to poor debt management practices. AI and machine learning will continue to lag in adoption.

Analytics 52

Analytics Regional Strategy Regulation 52

PYMNTS

APRIL 19, 2016

However, all of what’s transpired over the last year may be the warm up act for the drubbing that it may face over its widely anticipated regulatory guidelines for short-term lenders. It’s been a dramatic 12 months for the CFPB. There were the hearings earlier this year in the House that devolved pretty quickly into dueling insults.

Lending 100

Lending Survey Community Guidelines 100

PYMNTS

JUNE 18, 2019

They are being asked to contribute their collective experiences in operating global, regulated payments and financial services networks to shape Libra’s charter and frame its governance structure. At some point, they will be asked to kick in few bucks to fund its operation and get it off the ground. New Network, Crypto Applications.

Payments 246

Payments Regulation blockchain cryptocurrency 246