PYMNTS

JANUARY 1, 2021

Starting with some of the most recent changes — and a sign of what’s to come — earlier in the month, the European Commission offered up its initial draft of the Digital Services Act and the Digital Markets Act. The watchdog would be known as the Digital Markets Unit. Divestitures In The United States — And Abroad? .

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Regulation social media Course Apple 352

PYMNTS

SEPTEMBER 6, 2019

Why Invisible Will Make 2020’s Payments Innovation Roar. Two hundred and seventy-four years later, those words are the perfect framework for understanding what will define the next decade of innovation in payments and any ecosystem that touches it. Bamboo Straws, Emerging Markets And The Lessons Of Selling Cross Border.

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Innovation Payments Apple United States 116

PYMNTS

APRIL 22, 2016

Regardless of the company, its industry, its customers or location, online fraud remains top of mind. The urgency of robust and multilayered fraud detection systems becomes especially clear against a backdrop where card-not-present fraud is likely to grow by leaps and bounds in the wake of the EMV liability shift from last year.

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PYMNTS

JULY 25, 2019

Banks need to innovate faster and further when it comes to the technology they use on their online platforms, as to stay one step ahead of bad actors with access to the same technology. The Tracker also examines how these technologies are beginning to be used in new markets like South Africa and India. Around the Digital Banking World.

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Digital Banking Innovation Fraud United States 176

CFPB Monitor

JULY 14, 2022

On July 8, with limited fanfare, the Department of Treasury issued a request for public comment regarding the March 9, 2022 Executive Order entitled “Ensuring Responsible Innovation in Digital Assets” (the “Order”). leadership in the global financial system and economic competitiveness; financial inclusion; and responsible innovation.”

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PYMNTS

OCTOBER 10, 2019

Consumers have noticed the rising levels of fraud in digital banking, and they are not pleased. Financial institutions (FIs) need to keep watch for newer schemes as they seek to prevent different forms of fraud, such as money laundering, on their online platforms. Synchrony Financial Upgrades Its AML Strategy As Fraud Grows.

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Fraud Digital Banking Strategy Security 126

PYMNTS

MARCH 17, 2017

But on the second day of Innovation Project 2017, eyes were beyond Beantown and cast toward the world at large. The money flow — between, say, the United States and Mexico, or as remittances evolve in newly (almost) cashless India — may be embracing technology, but interactions between banks, wires and processors are still required.

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PYMNTS

SEPTEMBER 17, 2020

Countries with the most sizable count of BTMs are developed nations like Britain, Canada and the United States. But they have grown in popularity in markets that are not stable. The site reported that 1,932 BTMs were in the world in December 2017, while there were 4,009 by the close of 2018.

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PYMNTS

JULY 10, 2020

The end goal: to speed innovation toward new products and services while keeping fraudsters out. Regulation Vs. Market Forces. The need for both innovation and security comes at a time when open banking is gaining a foothold in the United States due in part to the pandemic. The Pandemic Is Speeding Innovation Up.

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PYMNTS

DECEMBER 27, 2019

Amazon applied for a patent for a software system that can identify individuals through unique biometric qualities and characteristics associated with the palms of their hands, according to the United States Patent and Trademark Office. Mastercard: Holiday eCommerce Nearly 15 Pct Of Retail Sales. percent from last year.

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Retail Payments blockchain United States 130

PYMNTS

JANUARY 12, 2018

Over the last seven years, as chip technology has entered the market, Visa has deployed more than 460 million chip cards and readers at more than 2.5 As has been noted by the firm and in this space , in the two years since EMV chip cards launched in the United States, fraud has declined by 66 percent. million U.S.

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America United States Analytics Cards 153

PYMNTS

OCTOBER 27, 2019

Bitfinex is the victim of a fraud and is making its position clear to the relevant authorities, including those in Poland and the United States,” Stuart Hoegner, general counsel to Bitfinex, said in a statement to Bloomberg. “We

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blockchain Bitcoin Capital United States 102

PYMNTS

JULY 3, 2019

In the Real-Time Payments Innovation Playbook , done in partnership between PYMNTS and Mastercard , financial decision-makers from nearly 400 firms across a dozen industries laid out a number of priorities for making their payment processes more efficient. That number represents 89 percent of the world’s gross domestic product (GDP). “In

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Payments United States Study Innovation 155

PYMNTS

SEPTEMBER 2, 2019

Providers must take into account the payment options that are readily available to — and preferred by — the consumers in new, targeted markets. And in one example, a deep dive shows 75 percent market share for cross-border payments handled by SWIFT gpi, for a value of $40 trillion last year. Ferreting out the Fraudsters….

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Fraud Survey Payments Examples 123

Gonzobanker

SEPTEMBER 14, 2023

It’s sort of like asking Taylor Swift to give up singing to take a job handling financial fraud instead. As Ron Shevlin , our chief research officer, blogged : “Banks need to stop playing innovation charades. In doing so, Bank of New Hampshire is leading a trend in the United States on an important issue. THAT IS WILD.

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PYMNTS

OCTOBER 4, 2019

Legacy payment providers are looking for ways to innovate in the ways that [FinTech firms] do, and to avoid duplicative costs.”. As reported, Global Payments is the third-largest merchant acquirer in the United States, while TSYS is the third-largest card processor in the country. Recent Trends.

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Payments Cards Trends Fintech 176

PYMNTS

SEPTEMBER 4, 2018

After all, bills and accounts are tied to specific cards, and banks offer solid and increasing protections against fraud (some of those features, like real-time alerts, are tied to mobile devices, of course). Innovative Edge. But cards have something else going for them: innovation. Biometric Promise. Cost Considerations.

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Cards Innovation Mobile United States 103

PYMNTS

DECEMBER 8, 2016

Less than two months after its implementation, Same Day ACH, the ubiquitous faster payments initiative for the payments industry in the United States, is showing a significant impact on the market, but it still has plenty to learn from those across the pond. In October alone, the ACH Network processed nearly $5 billion in 3.8

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Payments United States Data Security 100

Celent Banking

NOVEMBER 26, 2014

Usually, during the Autumn season, I make a few trips to the United States for conferences and client visits. EMV migration in the US was high on the agenda during both visits and I came back with two takeaways: 1) the US market is finally serious about EMV and preparations are going full steam ahead and 2) I am glad it is happening.

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US Las Vegas San Antonio Cards 170

Abrigo

AUGUST 6, 2019

The Financial Crimes Enforcement Network (FinCEN) is tasked with protecting the financial system both within the United States and internationally. Financial criminals are working hard, using technology and innovation to their advantage, to stay one step ahead of FinCEN and financial institutions.

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PYMNTS

AUGUST 20, 2019

In the wake of the Capital One data breach that exposed data tied to 100 million individuals in the United States comes a warning that there really are not any places to hide. And, as noted in the study, technical limitations and complexity remain barriers to innovation for many FIs. No rest for banks amid the hackers.

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Data Security Capital United States 176

PYMNTS

APRIL 30, 2020

The COVID-19 pandemic has caused an impact on open banking developments worldwide as regulators, financial institutions (FIs) and businesses set their sights on helping their current customers rather than future innovations. Around The Data Protection World. where regulators have been workshopping potential rules for several years.

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Regulation Regional Data United States 188

PYMNTS

MARCH 20, 2020

The drop in the stock market has led some banks to run out of big bills as clients reportedly arrived take as much money out of their accounts as they could. In-house ordering apps are typical for large quick-service restaurant (QSR) companies, with only those who are willing to take risks and innovate standing out from the herd.

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Technology Apple New York City social media 181

Gonzobanker

JUNE 7, 2023

In mid-May, a digital bank account for the 62+ crowd debuted in the United States. Older adults have long been ignored in all kinds of markets, but evidence of bold change is even emerging in entertainment. The launch of Charlie points to an underserved niche in banking: older adults. Well, it happened. life expectancy was 76.1

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Los Angeles Fintech Digital Banking Tools 117

PYMNTS

FEBRUARY 27, 2020

The United States federal government issues Social Security benefits to recipients’ reloadable debit cards, for example, thus giving unbanked residents a faster, more secure alternative to receiving payments via paper checks. America’s tight labor market is heating up competition for talent among staffing agencies.

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Cards United States Security Payments 142

PYMNTS

JUNE 26, 2019

The SCA mandate could cost them more than $75 billion in sales, especially as fraud protection becomes more critical than ever and PSD2 creates more transparency in the banking world. In Asia, regulatory bodies in Hong Kong and Singapore are using the PSD2 regulation as a template for their own data transparency innovations.

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California Regulation Fintech Data 109

PYMNTS

MAY 14, 2018

Airlines would also save expenses brought about by credit card fraud. The project, which reportedly has at least the general support of Germany-based carrier Lufthansa , could be available to some European consumers in late 2018, with Germany as the first market, according to the IATA.

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Cards Maine United States System 100

PYMNTS

NOVEMBER 6, 2017

The numbers are sobering, as always: The Federal Trade Commission (FTC) has found that account takeover fraud is on the rise. Synthetic identity fraud – where identities are stitched together from disparate pieces of information, often from a mosaic of individuals – is a burgeoning field. Regulation as Saving Grace?

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Security Data Fraud Regulation 109

Gonzobanker

DECEMBER 14, 2023

Merger of Equals Deal of the Year (Credit Union) – Spire Credit Union and Hiway Credit Union put 2+2 together to make a $4 billion institution in the Minnesota market. While Huntington is down like most bank stocks, the pain hasn’t been as severe, and Huntington doubled down on local markets in 2023 by consolidating business units.

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Fintech Community Regional Technology 194

William Mills

JUNE 22, 2017

The podcast is available worldwide, on Thursdays at 3pm EDT in the United States. BIG is hosted by Best Innovation Group’s John Best. This podcast features topics around lending, payments, fintech, innovation and more. Topics include fintech, risk management, blockchain, fraud detection and more. CU Broadcast.

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Fintech social media Cyber Security Conference 60

PYMNTS

JULY 17, 2019

We say defense because it was apparent from early in the hearing that the senators gathered were more than a little suspicious of Facebook’s latest innovation — and less than favorably inclined to letting it move forward. North Carolina Sen.

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cryptocurrency North Carolina Idaho Louisiana 142

PYMNTS

SEPTEMBER 15, 2017

As LendUp CEO Sasha Orloff and Beneficial State Bank Co-CEO Kat Taylor told PYMNTS in a recent interview, banks and FinTechs need each other, and a very large segment of the population living on the margins of financial services in the United States need these two groups to work together as well. “I

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PYMNTS

AUGUST 1, 2019

But how much are FIs really investing in blockchain and artificial intelligence (AI) compared to more foundational innovations? The latest Innovation Readiness Playbook looks at where FIs have been focusing over the past three years and what their plans are for the near future. When asked about specific innovations, 56.1

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Innovation UX Analytics Study 142

Insights on Business

OCTOBER 11, 2017

The digital era is rapidly changing every aspect of our lives through more recent inventions, innovations and new business models. But more likely it’s a response to a pervasive trend in banking and financial markets: customers want faster, more personalized experiences, not just transactions. Want to see a movie? Click here.

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Industry Payments Course Meeting 70

PYMNTS

NOVEMBER 10, 2017

Juniper Research estimates that speaking to speakers will be a common practice in 55 percent of homes in the United States within five years. No respondents have seen a boost in fraud. It turns out suburbia is a rather expensive place to do business, in an increasingly crowded meal and food delivery market.

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PYMNTS

JULY 16, 2018

Citizens access will offer consumers FDIC-insured online savings and CD accounts with attractive rates and no fees to customers across the United States. The Citizen Access digital bank will also be marketed separately from Citizens’ current branch footprint.

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Cards Data Digital Banking Retail 100

Lex Sokolin

OCTOBER 14, 2020

How many Libertarians do you think there are in the United States? We think that Wells Fargo, and Bank of America, and the Federal Reserve, and the rest of “them”, whoever “they” are, are centralized monoliths running on papyrus and holding back innovation. despite such a site being a strong technical and market innovation.

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Lending User Experience Google United States 52