NCR

APRIL 23, 2018

The implementation of the EU’s Second Payment Services Directive, better known as PSD2, is now complete, with all countries within the bloc required to have enacted its provisions into their national law as of January 13th this year. Reducing fraud in an open banking environment. Technical standards set to come into force.

Fraud 72

Fraud Knowledge Base Guidelines Security 72

FICO

JULY 23, 2018

The European Banking Authority have just published their final report and guidelines on fraud reporting under PSD2. There’s much to digest and understand, but one thing that stands out for me is categories of fraud that must be reported. Getting Ready to C0mply.

Fraud 45

Fraud Payments Analysis Guidelines 45

PYMNTS

AUGUST 28, 2019

In terms of mechanics, the credit scoring software will use data spanning bank and corporate transactions, and Nikkei said the lenders would need to secure borrowers’ consent before accessing and using that data. The collaboration seeks to promote a “friction-free” digital identity and authentication services tied to fraud prevention.

Fintech 172

Fintech Analysis Guidelines Data 172

PYMNTS

MAY 27, 2020

CUs are also faced with the challenge of how to adjust their operations to match new legal regulatory requirements, such as those stipulated in the CARES Act, and the Credit Union National Association (CUNA) hopes to help. About The Tracker.

ATM 243

ATM Innovation Meeting United States 243

NCR

NOVEMBER 21, 2016

In October 2015, the European Parliament passed the revised Payment Services Directive (PSD2), with EU member states given two years to make the required changes in national legislation to comply with the new rules. ” The fraud implications. . ” The fraud implications. The nuts and bolts of PSD2.

Fraud 40

Fraud Compliance Payments Exercises 40

PYMNTS

APRIL 10, 2017

New York also has clear guidelines for when and how firms have to report when there are hacks. “We New York’s financial regulator had a bold claim to offer over the weekend — she claimed that other states should use New York’s sweeping cybersecurity rules as a model for how insurers must protect their networks from hackers.

New York 110

New York Regulation Denver Guidelines 110

Tomorrow's Transactions

JULY 26, 2016

Earlier in the week I blogged about mobile banking security , and I said that in design terms it is best to assume that the internet is in the hands of your enemies. Anyway, the point is that the internet isn’t secure. I saw Charles Brookson, the head of the GSMA security group, make a very interesting point recently.

Security 30

Security Guidelines Samsung Mobile 30

PYMNTS

AUGUST 10, 2017

The more business is done online, the more fraud makes inroads. The more individuals leave a trail of information across websites, the more tempting the targets are for hackers to make off with everything from Social Security numbers to health care information. Your security question with your dog’s name?

Security 134

Security Guidelines Data National 134

Javelin Strategy & Research

MARCH 13, 2015

That changed last fall with the announcement of Apple Pay, which secured fingerprint authentication a prominent place in financial markets. More recently, USAA rolled out national use of facial and voice biometrics for their mobile app with truly impressive participation.

Apple 40

Apple Mobile Security Guidelines 40

PYMNTS

MAY 31, 2018

It kicked in last Friday, May 25, and promises to guide, influence and rule digital data practices, not only in the EU’s 28 member nations, but also the rest of world. It hardly needs to be explained, but the GDPR is the European Union’s new privacy law.

Google 116

Google Regulation Online Data 116

PYMNTS

JULY 15, 2016

Brad Fauss, CEO of the National Branded Pre-Paid Card Association and MPD CEO Karen Webster dug into the potential for these rules to create the kind of inconsistencies that could very well disadvantage the very consumers that the CFPB intended to protect. And for some consumers, especially millennials, that’s just not their choice.”

Cards 100

Cards Millennials Regulation Cyber Security 100

NCR

AUGUST 18, 2017

Blockchain, or distributed ledger technology as it is sometimes called, is a database that is distributed across a network and cryptographically secured, such that records become immutable. Adopting blockchain technology in this area could not only reduce costs, but enhance security and efficiency. The hurdles to be overcome.

blockchain 75

blockchain Technology cryptocurrency Study 75

PYMNTS

AUGUST 29, 2018

Anytime an EU citizen relocates to a new member nation, they have to start over with establishing their digital identity. The regulations do not come with any specific technology recommendations, but do come with guidelines for time stamping, electronic seals, electronic delivery and website authentication.

Regulation 164

Regulation Guidelines Trends Online 164

Abrigo

JUNE 12, 2023

In today's interconnected world, efficient and secure money movement is crucial for individuals and businesses alike. Money transmitters like Western Union, PayPal, MoneyGram, Zelle, and many others, facilitate secure digital transactions, allowing people to send and receive funds across borders and within the U.S.

Compliance 195

Compliance Fraud Regulation Guidelines 195

FICO

AUGUST 30, 2018

This is a guest blog from Jonathan Williams , an expert in payments, identity and fraud prevention, working for advisory firm Mk2 Consulting. In July, the European Banking Authority (EBA) published their guidelines for reporting fraud under Payment Services Directive 2 (PSD2).

Fraud 40

Fraud Report Guidelines Conference 40

PYMNTS

DECEMBER 8, 2020

Some exchanges even deliberately avoid having KYC systems by obfuscating their country of origin to make it harder for regulators to impose national compliance guidelines. These exchanges are seizing the initiative by taking their AML/KYC prevention into their own hands, and a single layer of security is not nearly adequate.

cryptocurrency 261

cryptocurrency Mobile Compliance Analysis 261

PYMNTS

MAY 8, 2017

House Committee passed proposed legislation last week that would require the National Institute of Standards and Technology (NIST) to create cybersecurity guidelines developed specifically for SMEs. The firm released its 2016 Financial Institutions Security Risks report last week, which found that even for non-U.S. ”

Data 101

Data US Guidelines Cyber Security 101

Abrigo

NOVEMBER 22, 2021

Examiners, therefore, will routinely consider whether consumer lending underwriting and pricing guidelines, policies, and procedures comply with these requirements. Such statements could be oral, written, via advertising, during prescreening, or other ways.

Compliance 195

Compliance Lending Risk Management Regulation 195

PYMNTS

AUGUST 4, 2016

A spokeswoman from the European Commission told Reuters that national authorities are responsible for enforcing the EU’s rules pertaining to data and consumer protection. The EU Data Protection Reform is said to establish fundamental rights for citizens, modern guidelines and rules for businesses and benefits for companies of all sizes.

Data 100

Data Guidelines National Security 100

CB Insights

FEBRUARY 19, 2019

Increasingly scientists think there should be some regulatory oversight maybe at the national and international level, just to make sure that we don’t do something very foolish. It brings complex security challenges for not only each nation’s decision makers but also for the future of the humanity.”. Gideon Rosenblatt.

Technology 78

Technology System National US 78

CB Insights

JULY 23, 2020

Companies will have to look to guidelines from local and national authorities for each office location. Beyond the office: cybersecurity and at-home network security. Challenges: health screens raise security concerns . Bathrooms: autonomous cleaning solutions. Kitchens: low-touch and voice-enabled tech. Conclusion.

Meeting 101

Meeting Tools Survey Company 101

FICO

AUGUST 27, 2018

regulators to develop a system similar to a regulatory sandbox, establishing a national data security and breach notification standard and calling for the rescission of the Bureau of Consumer Financial Protection (BCFP) payday/small dollar lending rule. Below, I highlight a few items in the report that may have gone under the radar.

Policies 49

Policies US Fintech DC 49

FICO

JANUARY 5, 2023

The Consumer Financial Protection Bureau (CFPB) has indicated it will publish rules , not guidelines, aimed at strengthening consumers’ control over and providing portability of their financial account data, sometime in 2023. The SEC rules will require a new cyber security preparedness level that many organizations may not be meeting today.

Policies 52

Policies Company Regulation Risk Management 52