PYMNTS

OCTOBER 14, 2019

Money laundering and similar forms of fraud have become more concerning for FIs as reports of cybercrime circulate globally. dollar as their currency of choice on the black market, which means American banks must alter their anti-fraud and AML strategies — especially as regulatory fragmentation divides the U.S.

Strategy 109

Strategy Fraud Innovation Regulation 109

PYMNTS

AUGUST 28, 2019

Beyond the confines of Europe, Cryptix , a blockchain service provider based in Zug, Switzerland, has said that it acquired Blocktrade, which operates as a digital asset exchange platform. 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

OCTOBER 6, 2020

Keeping customers' digital payment data safe and secure is a critical part of doing business in the digital economy, and following Payment Card Industry (PCI) compliance guidelines is an effective way for firms to accomplish this. Merchants] that were completely in the Stone Age and had no great way [for consumers to pay] online.

Compliance 178

Compliance Meeting Payments Cards 178

Independent Banker

DECEMBER 1, 2021

Additionally, a recent survey by FIS shows that 37% of consumers began a new banking relationship with a major national or global bank that had a well-established online portal in the past 12 months. 18% of these consumers opened an account with an online-only direct bank. Benefits of FinTech partnerships.

Community Bank 91

Community Bank Community Fintech Guidelines 91

PYMNTS

APRIL 30, 2019

PSD2 will change – indeed is changing – online commerce in Europe and beyond. In a podcast with PYMNTS’ Karen Webster, Rob Eleveld, CEO of Whitepages, 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. a fingerprint).

Fraud 171

Fraud Online Cards Payments 171

PYMNTS

APRIL 16, 2020

As of the end of 2019, eCommerce was about 15 percent of total commerce, Ekata Vice President of Strategy and Operations Arjun Kakkar told PYMNTS in a recent conversation. It takes that long to get feedback from consumers on credit card fraud. They simply don’t have enough historical patterns. Building A New Balance.

Meeting 170

Meeting Fraud Analysis Data 170

PYMNTS

JUNE 4, 2020

From an instant payment perspective, it has now become much more important to be able to manage the fraud in real time online,” said Tino Kam , head of transaction banking at Finland-based Nordea Bank , in a recent interview with PYMNTS. API security.

Security 151

Security Fraud Payments Compliance 151

PYMNTS

APRIL 10, 2019

Bittrex was ordered to stop operating in New York and close shop within 60 days. Corporate responsibility is in our DNA and our commitment to regulatory and compliance guidelines is second to none,” Bittrex said. Richo would target people on the dark web by posting false links to online marketplaces.

Bitcoin 116

Bitcoin New York cryptocurrency United States 116

PYMNTS

JUNE 26, 2020

Digital banking has become the new normal as social distancing guidelines and stay-at-home orders have drastically curbed financial institutions’ (FIs’) abilities to conduct in-branch services. Online account openings increased by more than 200 percent in April, while all mobile banking traffic rose by 85 percent.

Digital Banking 220

Digital Banking Guidelines Trends Online 220

PYMNTS

AUGUST 6, 2019

With government agencies working to combat tax evasion and fraud, eInvoice mandates mean a reduced risk of invoice fraud and greater visibility into trade and transactions. On Monday (Aug. that could signal reluctance for B2B procurement to make the digital shift. Additionally, reports on Monday (Aug.

Regional 108

Regional Taxes System Guidelines 108

PYMNTS

JANUARY 22, 2020

However, what sets SCA apart is how narrow the margin for error is upon implementation — on day one, any lack of compliance with the pre-authentication guidelines will result in declined transactions, something that no European merchant wants. That, he noted, is considered a normal operating procedure among the Dutch.

Data 141

Data Guidelines Regulation Compliance 141

PYMNTS

JUNE 27, 2016

2. Online gaming: $36.7 Caldera considers these segments “high risk” since the transactions they enable are more susceptible to fraud and money laundering. Caldera cites the example of Operation Choke Point — an initiative by the DOJ that investigates U.S. The regulations were vague, and were more like guidelines.

Regulation 101

Regulation Guidelines Risk Management Operations 101

PYMNTS

JANUARY 31, 2019

These bad actors often make off with investment funds for personal benefit or funnel them into illegal operations. The threat of fraud forces fundraising platforms into a delicate balancing act, one in which they must comply with various region-specific regulatory rules while continually updating their client-safety approaches.

Tennessee 108

Tennessee social media Fraud Guidelines 108

PYMNTS

MAY 31, 2018

According to The Wall Street Journal , Google is an early beneficiary of changes in online behavior so far. To be fair, it is hardly surprising that a big operator such as Google would be looking this good this early. PYMNTS intends to monitor the winners, losers and unintended consequences of the GDPR. Take B2B, for instance.

Google 116

Google Regulation Online Data 116

PYMNTS

MARCH 8, 2018

That’s the question Brian Dorchester, EVP of Operations at First American Payment Systems , explored in this week’s Commanders In Chief series. Together, participating payments professionals and acquirers are working to decide how to handle operations and manage risk in the changing environment.

Innovation 112

Innovation Security Industry Fraud 112

PYMNTS

AUGUST 29, 2018

When trying to understand the new eIDAS regulations set to go officially online in the EU in September, it helps, Trulioo GM Zac Cohen told Karen Webster, to take a step back and look at the general purpose of the European Union. Because, he noted, in the EU – and also in the U.S.

Regulation 164

Regulation Guidelines Trends Online 164

PYMNTS

JULY 5, 2017

The complexity of mobile payments shows up when looking at the entities involved in the entire process, and where these entities will be operating. The regional variations of the payment flow make for a massive amount of complexity in the ecosystem as there are also regulatory and compliance guidelines that will shift depending on the region.

Innovation 121

Innovation Customer Experience Mobile Security 121

NCR

MAY 22, 2017

Indeed, some banks are forecasting that it could affect how they operate throughout every part of their business. Fighting fraud. For the banking sector, one of the most appealing promises big data holds is its ability to transform their fraud detection and prevention activities. Enhancing the customer experience.

Big Data 85

Big Data Data social media Fraud 85

PYMNTS

APRIL 25, 2016

Fraud is moving en masse online , though, as in-store methods are getting harder and crooks look to find the weakest link. According to the PYMNTS/Forter Global Fraud Attack Index , online fraud attacks have jumped by 11 percent since the shift in the U.S. Operating income increased 11 percent to $864 million.

Lending 100

Lending Mobile Cards Fraud 100

FICO

JANUARY 8, 2021

Mobile Operators and Coronavirus: Ideas To Help Slow The Spread. Mel Prescott noted several ways that mobile operators could use their network data to potentially help fight the virus. Call data records could also be used to monitor the movement of people. For people returning home, the same could be true. Value of Cloud-Based Systems.

Analytics 52

Analytics Analysis Lending Management 52

PYMNTS

MARCH 31, 2020

legislators in several states are either drafting, voting on or have passed requirements to tackle online data’s and transactions’ importance, but these laws often do not integrate well with those passed in neighboring states. The COVID-19 pandemic has led to a jump in online payments versus those made in stores, for example.

Regulation 154

Regulation Data US Washington 154

Tomorrow's Transactions

JULY 26, 2016

The report also described how gangs stole mobile security codes – which banks automatically send to card holders’ registered mobile phones to verify online transactions – by using either a Trojan virus in the smartphone or a device that intercepted mobile signals up to a kilometre away. From Standard, MTN point fingers in fraud case | ITWeb.

Security 30

Security Guidelines Samsung Mobile 30

PYMNTS

NOVEMBER 9, 2020

. — the economic headwinds and rising fraud trends wrought by the pandemic have caused consumers to scrutinize the trust they have tied to FIs and their own financial data. The shift to increased transacting online means people are becoming more interested and comfortable with online banking. In the U.S.,

Fintech 285

Fintech Data Regulation Innovation 285

BankBazaar

MAY 29, 2022

UPI’s popularity as a payment method stems from the convenience it offers as the system combines multiple bank accounts into a single mobile application, making the transfer of money and online payments completely seamless. Additional Reading: 4 Ways To Avoid UPI Fraud. However, do note that using ICCW, you can withdraw only up to Rs.

ATM 88

ATM How To Metro Cards 88

Jack Henry

JULY 23, 2014

Here’s the good news: The more sophisticated security measures merchants are implementing have the potential to reduce fraud at the Point of Sale (POS). The most heralded form of physical POS fraud prevention is the impending requirement for U.S. With that in mind, I have some good news and some bad news.

Security 74

Security Guidelines Fraud System 74

PYMNTS

FEBRUARY 3, 2017

Transactions that happen online and on mobile at a critical moment of engagement need to be frictionless,” noted Bilafer of WePay in a recent conversation with PYMNTS. Again, platform operators don’t specialize in payments, so it is not immediately obvious that how compliant they are is really important.

Payments 100

Payments Fraud Compliance Guidelines 100

Abrigo

NOVEMBER 22, 2021

Takeaway 1 Risk tied to consumer lending compliance has been elevated as a result of the pandemic and associated operating challenges. In some cases, those operational challenges posed elevated risk to consumers, the CFPB said. You might also like this webinar, "Consumer Lending 101.". Watch "Consumer Lending 101". keep me informed.

Compliance 195

Compliance Lending Risk Management Regulation 195

CB Insights

JULY 23, 2020

Companies will have to look to guidelines from local and national authorities for each office location. Operating rooms in hospitals use filters that have the highest Minimum Efficiency Reporting Value (MERV) rating, a 16-point rating system for HVAC systems that accounts for the size and amount of particulates that are able to pass through.

Meeting 101

Meeting Tools Survey Company 101

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. 5 Ways Digital Payments Will Change FIs and Fraud in 2023. See all Posts. chevron_left Blog Home.

Policies 52

Policies Company Regulation Risk Management 52