PYMNTS

MARCH 11, 2020

The Reserve Bank of India recently released guidelines outlining an approved method that private companies could use for conducting KYC checks online by using videos. FIs in the United Arab Emirates are also looking to get ahead of fraud with improved digital KYC practices. Download the Tracker to read the Feature Story.

Fraud 150

Fraud Payments Guidelines Regulation 150

Abrigo

JANUARY 3, 2024

Takeaway 2 A December 2023 final rule establishes guidelines for who may access BOI and for what purposes. This rule implements the CTA provision establishing guidelines for who may access BOI through the registry, for what purposes, and for safeguards to ensure that the information is protected. Beginning Feb.

Fraud 221

Fraud Regulation Report Compliance 221

Payments Source

JULY 15, 2020

EMVCo has developed guidelines that allow the travel industry to provide more data to issuers authorizing ticketing transactions as a way to reduce fraud in air travel, hotel and car rental purchases.

Industry 83

Industry Guidelines Security Fraud 83

PYMNTS

SEPTEMBER 29, 2020

Mastercard, through its collaborative fraud and dispute resolution technology Ethoca , will now offer a new version of online statements with added logos and clear business names for each transaction. By enriching transaction details, merchants can alleviate friendly fraud, reduce chargebacks and improve the customer experience.”.

Online 243

Online Guidelines Study Fraud 243

PYMNTS

DECEMBER 18, 2020

Pharmaceuticals supply chain security expert Amy Shortman reportedly told the Financial Times: “There will always be a market for people who wouldn't necessarily have access to that medicine and wanted to protect themselves and their families. In the United States, the FBI posted guidelines on its website for avoiding COVID-19 crime.

Report 274

Report United States social media Guidelines 274

PYMNTS

JANUARY 27, 2020

Growing attack-related expenses force businesses to remain vigilant against emerging threats, including phishing and other types of fraud that their own employees may willingly or unwillingly perpetuate. Ensuring Secure Workplace Practices. Other fraud attempts targeting workplaces are no less dangerous. Fighting the Phishers.

Fraud 249

Fraud Policies Security Resources 249

PYMNTS

OCTOBER 14, 2019

Money laundering and similar forms of fraud have become more concerning for FIs as reports of cybercrime circulate globally. Part of the problem is that money laundering controls are easier for fraudsters to anticipate than security measures for other cybercrimes. security standards from those in markets like Europe.

Strategy 109

Strategy Fraud Innovation Regulation 109

PYMNTS

JUNE 6, 2019

Security experts are warning about a phishing scam that can help hackers bypass two-factor authentication (2FA). The attack was demonstrated for the first time at the Hack in the Box Security Conference in Amsterdam last month, according to Fortune.

Security 145

Security Guidelines Tools Conference 145

PYMNTS

JUNE 16, 2020

But Kellerman and other security experts advocated at the hearing for legislative measures, such as modernizing anti-money laundering (AML) and forfeiture rules and moving the Secret Service to the Treasury Department, to help combat the threat.

US 227

US Cyber Security Security National 227

PYMNTS

SEPTEMBER 23, 2020

He explained that the cloud can help FIs swiftly respond to compliance and security challenges during the pandemic. With regulations governing open banking, [like] PSD2, and storage of data, [like] GDPR, we now have an even stronger case to securely open our systems to external partners,” Schmidt said. Security Takes Center Stage.

Compliance 225

Compliance Regulation Guidelines Security 225

PYMNTS

JULY 21, 2020

The service is intended to help businesses automate their customer onboarding processes, powering fraud prevention and compliance for numerous financial institutions, payment companies, banks and other such institutions. By using GlobalGateway, Trulioo will be able to help verify customers are who they say they are in Vietnam.

Guidelines 181

Guidelines Compliance Fraud Security 181

PYMNTS

JUNE 11, 2020

What is new is the way in which the technology is being incorporated into businesses’ broader efforts to comply with relevant AML/KYC regulations to help mitigate identity theft and fraud and the legislation being adopted to support those technologies and govern the ways they are implemented. Digital Innovation, Legal implementation.

Compliance 186

Compliance Guidelines Meeting Tools 186

PYMNTS

SEPTEMBER 22, 2019

“The database is now closed, but the information may already be in the hands of malicious parties,” VPNMentor said, adding the breach “could have been prevented with some basic security measures.”. Our goal is to improve the overall safety and security of the internet for everyone,” they explained.

Data 188

Data Guidelines National Fraud 188

PYMNTS

MAY 25, 2016

To help repair its damaged reputation, the Society for Worldwide Interbank Financial Telecommunication (SWIFT) announced on Tuesday (May 24) that it plans to launch a new security plan to help combat ongoing bank heists. The Bangladesh fraud is not an isolated incident … This is a big deal.

Security 100

Security Conference Guidelines New York 100

PYMNTS

MAY 25, 2020

The ongoing COVID-19 pandemic is significantly affecting everyday life, with more than one-third of the world’s population subject to social distancing guidelines, stay-at-home orders or other regulations to prevent the virus’s spread. COVID-19-Related Fraud. Phishing attacks are some of the most common scams. Secret Service.

Fraud 167

Fraud social media Security Guidelines 167

PYMNTS

MAY 20, 2020

SCT Inst was developed in 2017 to establish operational guidelines by which all real-time payment rails in the EU are required to comply. Official guidelines and regulations can only go so far, however. It is equally imperative to collaborate to secure those transactions with efforts led by both consumers and central banks.

Payments 210

Payments Guidelines Regional Strategy 210

PYMNTS

JANUARY 10, 2019

McLain told PYMNTS that the guidelines the card schemes or PSPs offer to merchants can assist with the technical heavy lifting that can help balance security and commerce. The guidelines could help a merchant capitalize on the maximum number of exemptions that are available as part of PSD2. Looking for Exemptions.

Guidelines 173

Guidelines Compliance Fraud Cards 173

PYMNTS

JUNE 3, 2016

” “We could say that, if the immediate security around SWIFT is not in order, we could cut you off. ” That statement comes just a few days after details of new security measures were released, which itself follows in the wake of a run of high-profile bank hacks. “There are pros and cons to that.

Security 100

Security Guidelines Regulation Operations 100

PYMNTS

OCTOBER 5, 2020

In response to the numerous incidents, the BBB has laid out some guidelines for how to approach potential scams, the report stated. WPRI 12 reported that one victim said they succumbed to scams in which fraudsters invited them to purchase bogus software via Cash App.

social media 255

social media Guidelines Fraud Report 255

Perficient

AUGUST 3, 2023

Generative AI ingests data and understands guidelines incredibly well; therefore, businesses across industries are jumping to take advantage of all the possible ways the tool can help save them money and create elevated, uber-personalized customer experiences.

Industry 83

Industry Risk Management Customer Experience Fraud 83

PYMNTS

OCTOBER 8, 2020

The ongoing pandemic has hit few industries as hard as it has hit the restaurant industry, with stay-at-home guidelines and social distancing forcing many eateries to shut their doors either permanently or at least until the pandemic ends. Safety and Security. Customers’ top priority regarding restaurants is their own safety, however.

Innovation 141

Innovation Fraud Mobile Security 141

PYMNTS

MAY 1, 2017

In the attack’s wake, SWIFT released its Customer Security Program, providing its bank clients a set of guidelines to follow and enhance their own cybersecurity capabilities. What concerns me most about fraud is that the criminals have access to the same technologies that we do to try to stop them,” he recently told PYMNTS.

Fraud 143

Fraud Security Guidelines Payments 143

NCR

APRIL 23, 2018

However, this does not mean the work is done, as there are still additional stages related to PSD2 that are still to be implemented later this year – specifically those related to customer authentication and fraud prevention. Reducing fraud in an open banking environment. Technical standards set to come into force.

Fraud 72

Fraud Knowledge Base Guidelines Security 72

PYMNTS

APRIL 16, 2020

And for all the brilliant modeling, artificial intelligence (AI) and machine learning (ML) technology we have to throw at the problem of fraud, he said, the good guys are operating at something of a disadvantage when it comes to detecting the scams that are to come. It takes that long to get feedback from consumers on credit card fraud.

Meeting 170

Meeting Fraud Analysis Data 170

PYMNTS

JULY 15, 2020

The European Securities and Markets Authority (ESMA), the European Union’s (EU) financial watchdog, plans to examine how German regulators handled oversight of Wirecard AG , the collapsed payments company that is facing a series of criminal allegations. ESMA said they will conclude the inquiry by the end of October.

Regulation 141

Regulation Guidelines Groups Report 141

Payments Source

SEPTEMBER 20, 2019

Contactless payments need added security to adhere to PSD2's strict new identity guidelines, says Fingerprints' Lina Andolf-Orup.

Compliance 108

Compliance Guidelines Security Payments 108

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

Abrigo

OCTOBER 21, 2019

The spotlight from federal and state regulators continues to shine on the use of third parties, and the pressure for those vendors to meet regulatory guidelines has greatly increased. While AWS and Azure offer great options for businesses, they are not responsible for the security of the data. Fraud Prevention. Fraud Prevention.

Risk Management 150

Risk Management Management Lending Fraud 150

PYMNTS

FEBRUARY 16, 2018

Marking the first prosecution in Chicago of theft in the cryptocurrency industry, a trader with a financial firm was charged with fraud. Wire fraud is punishable by up to 20 years in prison,” the department said in the release. “If sentencing guidelines.”.

Chicago 102

Chicago Bitcoin cryptocurrency Fraud 102

PYMNTS

NOVEMBER 13, 2018

Faster Payments Council (FPC), aimed at working toward a ubiquitous payment system that enables Americans to safely and securely pay anyone, anywhere and at any time with near-immediate funds availability. A group of payment players announced Tuesday (Nov. 13) that they created a new organization, dubbed U.S.

Payments 192

Payments Survey Innovation Guidelines 192

PYMNTS

JANUARY 27, 2017

As if Yahoo didn’t have enough on its plate, the tech company is now facing a probe from the Securities and Exchange Commission as to whether or not it could have acted more promptly in response to two massive data breaches that left over a billion customers’ information compromised. may actually be putting users’ security at risk.

Security 100

Security Data US Trends 100

PYMNTS

DECEMBER 23, 2019

James Kay, the firm’s director of issues management, recently spoke with PYMNTS about how TripAdvisor’s system defends the “content integrity” of posted reviews against misinformation and other types of fraud. TripAdvisor’s fraud team then analyzes flagged reviews to evaluate their trustworthiness.

Fraud 132

Fraud Data System Guidelines 132

American Banker

APRIL 18, 2016

As mobile wallets become more popular they'll also become more popular targets for fraud. Banks ought to improve enrollment guidelines and other security tools in plotting their mobile-wallet strategy.

Fraud 28

Fraud Mobile Guidelines Tools 28

PYMNTS

JUNE 19, 2019

That information can be used to stay on budget, analyze supplier relationships, combat fraud and ensure that employees are spending company cash on the right products with the right vendors. Blockchain, too, shows promise in promoting security and speed in the B2B payments process. Wielding Data. ”

Data 116

Data Guidelines Fraud Compliance 116

PYMNTS

MAY 28, 2020

The global financial space has been severely impacted by the ongoing COVID-19 pandemic, with social distancing and stay-at-home guidelines preventing customers from visiting bank branches to access the services they need. Biometric security systems are just one example of the major technological investments banks have made in recent years.

Community Bank 176

Community Bank Community Security Digital Banking 176

PYMNTS

JANUARY 30, 2019

These challenges of ensuring authentication and following ever-shifting AML guidelines present a conundrum for businesses looking to expand globally. How FrontFundr Keeps Its Investment Platform Fraud-Free. What’s more, companies must also work to remain compliant with the laws in place across the different regions where they operate.

How To 170

How To blockchain Compliance Regional 170

PYMNTS

MARCH 8, 2018

Every business walks the same tightrope when it comes to processing payments: Convenience versus security. It doesn’t matter if the business is consumer-facing or serving other businesses (B2B); security is top of mind for all of them, yet adding more layers can introduce more friction, and that can scare customers away.

Innovation 112

Innovation Security Industry Fraud 112