PYMNTS

JULY 22, 2019

Others are just looking for a way to even be able to comply with KYC [know your customer] regulations as they are trying to remotely enroll unbanked consumers.”. The Latin American market isn’t going to slow down — not from an innovation standpoint, and not from a regulatory standpoint. A Diversity Of Needs. Meeting A Dynamic Market .

Innovation 161

Innovation Payments Regional America 161

Abrigo

FEBRUARY 8, 2022

Takeaway 1 NBFIs are agile and innovative and are competing head-to-head with traditional financial institutions. Takeaway 2 NBFIs should ensure their AML programs are sound and pass the scrutiny of FinCEN and their primary regulators. Stay up to date on regulations affecting NBFIs and other BSA trends. DOWNLOAD .

Compliance 195

Compliance Training Regulation Fraud 195

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. Visa: Chip Cards Reduce Counterfeit Fraud By 87 Pct.

Innovation 116

Innovation Payments Apple United States 116

Abrigo

NOVEMBER 2, 2021

The BSA , adopted in 1970, has not had a significant overhaul since the USA PATRIOT Act (commonly known as the Patriot Act) in 2001 in response to the September 11 terrorist attacks on the United States. AML A is significant in U.S. financial institutions. Much is at stake when a business anywhere puts its reputation at risk."

Compliance 195

Compliance Regulation Resources Policies 195

PYMNTS

DECEMBER 8, 2020

A recent survey of the 20 largest United States financial institutions (FIs) found that 20 percent still force customers to complete onboarding by visiting bank branches or speaking on the phone, with full online sign-up not allowed. It also noted that it stopped 144,946 fraud attempts from March through September.

Video 211

Video Report Meeting United States 211

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.”

United States 78

United States Leadership Policies Regulation 78

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.

Fraud 126

Fraud Digital Banking Strategy Security 126

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.

Data 272

Data Innovation Fintech Illinois 272

Abrigo

JULY 16, 2021

Takeaway 2 Regulations haven't been written, but there are steps community financial institutions can take now to prepare. FATF is the global watchdog for AML/CFT activity, and it is important to note that the United States shows full support in global efforts by their recent priorities release. How to prepare. financial system.

Community 195

Community Regulation Training Policies 195

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. where regulators have been workshopping potential rules for several years. Seventy percent of U.S.

Regulation 188

Regulation Regional Data United States 188

PYMNTS

SEPTEMBER 17, 2020

Countries with the most sizable count of BTMs are developed nations like Britain, Canada and the United States. There, people need to change a nation's money for cryptocurrency that isn’t regulated by a government or connected with it. But they have grown in popularity in markets that are not stable.

Bitcoin 178

Bitcoin ATM Security cryptocurrency 178

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.

Innovation 103

Innovation Lending Boston Security 103

PYMNTS

OCTOBER 14, 2019

As the digital economy grows, you can bet that crowdsourcing will become an even bigger part of innovation and disruption, along with hiring and investment — all of which will serve to help build only new companies but vital digital infrastructure. It’s not a fantasy, but a reality for a growing number of drivers in the United States.

Training 187

Training United States Innovation California 187

PYMNTS

FEBRUARY 21, 2018

Singapore stepped onto the global stage as a world leader in blockchain innovation in recent months. Perhaps it isn’t surprising that analysts are now musing about how to avoid a repeat of the Punjab National Bank fraud scandal, and some are looking towards blockchain to do so. United States.

blockchain 130

blockchain Los Angeles Regulation Oregon 130

PYMNTS

APRIL 14, 2017

The big question: Can the existing payment rails support the innovation that is needed? Said NACHA’s Estep, “the answer depends on what type of innovation you are talking about, and then what type of a payments system you are talking about.” Against that backdrop, “innovation means many different things to different players.”.

Payments 105

Payments United States Innovation System 105

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. Regulations can build trust and goodwill, though. PSD2’s impact in Europe has not gone unnoticed by regulators in other areas of the world.

California 109

California Regulation Fintech Data 109

PYMNTS

SEPTEMBER 4, 2018

Indeed, new payment regulations seem to be pushing payment cards toward the future. Meanwhile, Visa recently released data showing that counterfeit fraud ticked down at U.S. Visa said that, as of its latest “Visa Chip Card Update,” as many as 67 percent of storefronts in the United States now accept chip cards.

Cards 110

Cards Payments United States Maine 110

Abrigo

JULY 12, 2021

This is a growing concern worldwide and is a growing threat in the United States. The review concluded that the revised FATF standards have fostered growth and innovation, while better protecting the international financial system. BSA Rules and Regulation. The second 12-month review was published July 5, 2021.

Training 195

Training Policies United States Report 195

PYMNTS

OCTOBER 30, 2020

It cannot be overstated how integral non-cash payments are to the global economy, with the United States processing more than 174.2 Compliance with oversight laws, especially those involving anti-money laundering (AML) or know-your-customer (KYC) regulations, is a perennial struggle for FIs of all sizes. Automating Compliance.

Operations 228

Operations Payments Compliance System 228

PYMNTS

JULY 25, 2018

A recent decision by the Supreme Court of the United States ended a ban on legalized sports gambling, and has the potential to change how sports fans from coast to coast experience games. The court’s decision allows individual states to open online gambling to residents. It’s quite tricky in the U.S., com must clear. “If

Online 100

Online Regulation Fraud New Jersey 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? Think again.

Security 109

Security Data Fraud Regulation 109

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.

System 264

System Las Vegas San Antonio San Diego 264

Gonzobanker

JUNE 7, 2023

In mid-May, a digital bank account for the 62+ crowd debuted in the United States. Mix in the added drama of regulators condemning the banking-as-a-service model, and there’s added risk. The launch of Charlie points to an underserved niche in banking: older adults. Well, it happened. You’ve been the everything to everyone.

Los Angeles 117

Los Angeles Fintech Digital Banking Tools 117

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. He said Calibra will be regulated by the U.S. The Many Inquiries . He said the U.S. without regulatory support.

cryptocurrency 142

cryptocurrency North Carolina Idaho Louisiana 142

PYMNTS

MAY 14, 2018

Airlines would also save expenses brought about by credit card fraud. Not only does the regulation make it easier for younger players in the payments industry to access the data needed to create products, but PSD2 also serves to encourage the quicker movement of money over electronic channels.

Cards 100

Cards Maine United States System 100

PYMNTS

OCTOBER 10, 2019

Indeed, cybersecurity is one of the main tasks in the world of digital commerce and payments, and it’s a task that is getting more attention from consumers, companies, regulators and others. It’s not a fantasy, but a reality for a growing number of drivers in the United States. Take online security as another ongoing example.

United States 175

United States Retail Online Training 175

PYMNTS

JANUARY 31, 2020

Visa ’s fiscal first-quarter results displayed an acceleration of cross-border volumes, while contactless payments continued to gain traction in the United States and beyond. Old forms of cybersecurity are not sufficient to keep pace with fraudsters’ increasingly innovative attacks.

Cards 131

Cards Technology social media Meeting 131

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

Fintech 198

Fintech System Lending Cards 198

FICO

MARCH 31, 2016

During this period of Congressional gridlock, much of the activity in Washington DC impacting the financial services industry remains focused on the development and implementation of new regulations. Here’s a very brief overview of what we’ll cover: Stress testing is a key area of emphasis for regulators around the globe.

Compliance 40

Compliance DC Washington Regulation 40

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

Innovation 142

Innovation UX Analytics Study 142

Abrigo

APRIL 18, 2022

Innovation is key in the world of decentralized currencies The United States will have to be creative to stay competitive globally as digital assets enter the mainstream. Takeaway 3 As global interest in digital assets continues to rise, expect to see more regulation and even centralization of digital currency.

cryptocurrency 195

cryptocurrency Fraud United States Leadership 195

Abrigo

SEPTEMBER 13, 2022

As stated by the Federal Financial Institutions Examination Council (FFIEC), transaction monitoring and reporting are critical to the United States’ ability to combat financial crime. Get more BSA training on the latest fraud trends with this webinar. BSA Rules and Regulation. BSA Rules and Regulation.

Software 195

Software Resources Training Compliance 195

CB Insights

MAY 23, 2019

Few places are more receptive to new ideas and innovative business models than Silicon Valley. Below, we take a look at some of these frauds and the lessons they can teach entrepreneurs hoping to launch their own products, companies, and funds. Zenefits skirts compliance regulations. Mozido’s fintech fraud fiasco.

Fraud 78

Fraud Las Vegas Company Video 78

Gonzobanker

NOVEMBER 9, 2015

Samsung Pay was launched in the United States after piloting in South Korea. Lots of talk about innovation and customer experience. One big innovation discussion was that as payments become increasingly ubiquitous, we will continue to see them disappear into the background of transactions, particularly in mobile.

blockchain 60

blockchain Bitcoin Lending Innovation 60

PYMNTS

JANUARY 2, 2019

And how will regulators and lawmakers respond? Artificial intelligence — arguably one of the most important digital technologies going into 2019 — could soon face export regulations set by the U.S. Their argument has three main points: Restrictions could harm companies in the United States and help international competitors.

US 198

US United States Regulation Technology 198

PYMNTS

JANUARY 1, 2021

This year, the PYMNTS data and analytics team published 252 reports that tracked the data, innovations and disruptive thinking that are reshaping the payments and commerce business. Twenty-one percent of all fraud attacks were waged on mobile transactions in the first half of the year, and 37 percent of them originated from mobile devices. “We

Trends 259

Trends Video Retail Payments 259

PYMNTS

OCTOBER 11, 2019

Here is what we’ve learned from the Libra experience that may be helpful to other innovators who have large plans to change the world. Trending: How EU Regulators Are Complicating SCA Compliance (Ekata PSDS Tracker). Visa, Intuit Launch Instant Deposit For SMBs. Why Migrant Workers Need Financial Service Offerings All Their Own .

Cards 116

Cards Online Houston Digital Banking 116