PYMNTS

DECEMBER 12, 2019

Players in the sharing economy must contend with an increasingly complex online payments ecosystem as they move into new regions and attract participants to their platforms. Fraud, Payment Regulations Are Affecting Seamless Payments. I view [Outdoorsy] as the sharing economy 2.0. Outdoorsy is available in the U.S.

Payments 137

Payments Fraud Regulation Innovation 137

FICO

MARCH 10, 2022

I’ve been writing recently about the results of our recent global consumer fraud survey. But like most things, it’s not as simple as it sounds, as large customer groups are likely to switch banks if they are dissatisfied with their response to a fraud management incident (more on that in a moment). a biometric).

Fraud 52

Fraud Survey Cards Customer Experience 52

Abrigo

JULY 14, 2023

Staff producing the reports must communicate with management and inquire what management wants to glean or achieve from the data insights. Management may need to adjust its strategy to grow within areas where there is still room for growth without jeopardizing these limits. CRE geographic heat map. Industry borrower data.

Strategy 195

Strategy Data Analytics Analysis 195

PYMNTS

NOVEMBER 3, 2020

Lingering economic uncertainty and growing fraud rates in multiple markets are prompting consumers to sharpen their focus on privacy and security. This figure includes new users of online banking platforms or money management FinTechs, services that are covered under U.K. consumers are also upping their eCommerce mobile app use.

Study 192

Study Data Regulation Digital Banking 192

PYMNTS

JULY 16, 2019

Additionally, other companies are still working to change their platforms to comply with General Data Protection Regulation (GDPR) as that regulation continues to sweep across Europe. Both banks and regulators are re-examining how exactly SCA will affect the financial ecosystem. Around the PSD2 and GDPR Worlds.

Strategy 188

Strategy social media Regulation Retail 188

PYMNTS

MARCH 11, 2019

With a permissioned blockchain network , services can be shared between credit unions, which could improve identification authentication and compliance surrounding regulations, know your customer, lending and payments. Under the plan, credit union members would be able to access the CULedger via a digital credential dubbed MyCUID.

blockchain 160

blockchain Regulation Community Bank Regional 160

PYMNTS

JANUARY 30, 2020

In its Q4 2019 earnings release, Facebook reported a 51 percent spike in expenses for 2019, as the social media platform faces more questions from regulators and policymakers. As fraud evolves, old forms of cybersecurity are not enough to keep up criminals’ increasingly innovative attacks. FICO’s Take on Debit Security.

social media 141

social media Payments ATM Fraud 141

PYMNTS

OCTOBER 24, 2018

Fraud is a huge consideration for us,” Bonkowski said. Many countries have their own know-your-customer (KYC) and anti-money laundering (AML) regulations, and there was no consistent formula for regulatory and commercial success. The Future of Fraud Protection. It’s really one of the biggest hurdles we need to jump over.”.

Fraud 166

Fraud Cards Online Data 166

PYMNTS

NOVEMBER 22, 2019

Can we look at their overall compliance management program?”. The Bank Service Company Act gives financial regulators the power to audit third-party vendors that offer banking services, Ashton said. As banks continue to use tech firms for data management, Ashton thinks regulators could fortify their oversight.

Security 116

Security Policies Conference Compliance 116

PYMNTS

JULY 22, 2019

“If a firm needs to digitally onboard someone and verify them, we can help that company do that fairly seamlessly,” Samer Atassi, regional director, Latin America and Caribbean for Jumio, told PYMNTS in a recent conversation. Opportunity, he noted, abounds.

Innovation 161

Innovation Payments Regional America 161

PYMNTS

NOVEMBER 9, 2018

In the Asia-Pacific region, that tally stands at about 38 percent. In a statement that accompanied the findings, Christophe Renard, VP of CWT Solutions Group, the consultancy arm of CWT, said that “travel managers need to address the misuse of company cards — and also work out why travelers don’t follow the rules.”. Fraud Down Under.

Cards 150

Cards Fraud Policies Ohio 150

Abrigo

OCTOBER 3, 2014

Thomas focused on three key issues directly affecting the present and future of the accounting industry – increased regulations, a shifting workforce, and changing continuing education – as well as some thoughts on the opportunities these challenges offer.

New Jersey 271

New Jersey social media Industry Regulation 271

PYMNTS

FEBRUARY 4, 2019

Banks, credit unions and other financial institutions have a significant responsibility, one that goes far beyond managing customers’ financial assets: They’re tasked with safeguarding the financial services ecosystem against bad actors, money launderers and other criminals. A DIY Approach To AML/KYC.

How To 161

How To Regulation Compliance Meeting 161

PYMNTS

FEBRUARY 21, 2018

A regional government in Russia is now working with state-backed VEB, reports in CoinDesk said this week, as authorities explore how to use blockchain “to improve the quality of management decisions.”. As regulators begin to consider blockchain regulations, many have signaled a desire not to hamper innovation while doing so.

blockchain 130

blockchain Los Angeles Regulation Oregon 130

PYMNTS

OCTOBER 8, 2019

In light of the widespread lack of preparedness across the European Economic Area (EEA), Mari Anne Bayliss, director of EMEA solutions management and strategy at CyberSource , felt it was not surprising that — as of the Sept. Many regulators, added Bayliss, have not yet come forward with a timeline or migration plan.

Compliance 156

Compliance Security Industry Regulation 156

FICO

FEBRUARY 9, 2023

As the PSR’s response to authorized push payment fraud moves towards becoming law, what will the results be? FICO Admin Tue, 07/02/2019 - 05:23 by Matt Cox VP and General Manager, EMEA expand_less Back To Top Thu, 02/09/2023 - 11:40 Of the £609.8 The Regulator Is Stepping In - What Will It Mean for Banks? And what can banks do?

Fraud 52

Fraud social media Examples Regulation 52

FICO

JUNE 12, 2020

In comparison to others in the Asia Pacific region, regulation has evolved due to last year’s Royal Commission, updates to the privacy act as well as changes enacted by global bodies such as the FATF (Financial Action Task Force). Like other advanced financial sectors, Australia has a complex and evolving regulatory environment.

Fraud 52

Fraud Compliance Regional System 52

Abrigo

FEBRUARY 8, 2024

Client fraud education to prevent banking losses Financial institutions play a crucial role in safeguarding customers and members from fraud. Fraud education is key. You might also like this infographic: 5 Fraud typologies impacting you and your customers or members. DOWNLOAD Takeaway 1 U.S.

Fraud 195

Fraud Resources social media Software 195

Abrigo

AUGUST 31, 2023

Critical KYC Asking uncomfortable questions: the personal touch Senior management may view KYC as a regulatory obligation that burdens the client experience, thus affecting the relationship. Regions serving these communities must have alternative KYC procedures to benefit members and prevent undue stress and anxiety.

Compliance 195

Compliance Community Training System 195

PYMNTS

OCTOBER 22, 2018

And New England isn’t the only place enjoying the autumn chill as it sets in — although we are perhaps enjoying it more colorfully with the region’s famed foliage. The report excluded data on shop-at-home purchases and includes information about frauds reportedly directly to the FTC between January and September of this year.

Data 134

Data Fraud Cards Regulation 134

PYMNTS

SEPTEMBER 24, 2019

That sentiment was underscored earlier this month when South Korea said it would delist a number of altcoins from an exchange over privacy concerns – namely, the anonymous nature of the transactions are at odds with the goals of the Financial Action Task Force (FATF), which include combating money laundering and fraud.

Innovation 182

Innovation Fraud Technology Security 182

PYMNTS

MARCH 24, 2017

Efforts to combat fraud must therefore involve to an enterprise-wide discussion, not solely limited to payments professionals and panels. When asked as to what the three things that are most urgently in need of attention when it comes to compliance and fraud, Gurz said that “one is balancing efficiencies versus risk.

Compliance 157

Compliance Fraud Regional Examples 157

FICO

OCTOBER 17, 2018

If your business uses FICO analytics and software to manage risk, fight fraud, improve profitability, increase financial inclusion or comply with regulations, you are already ahead of the curve. Winners can come from any region or industry. Customer Onboarding and Management - Shanghai Pudong Development Bank.

Analytics 40

Analytics Fraud Compliance Regional 40

PYMNTS

AUGUST 11, 2020

Merchants and other online services must be sure these processes are also secure, however, especially as fraud attempts have continued to climb. This includes Dutch digital-only challenger bank Knab as it attempts to shore up its solutions to comply with the European Union’s Strong Customer Authentication (SCA) regulation.

Report 247

Report Guam Hawaii Security 247

FluentBanking

APRIL 18, 2020

It is important to know thoroughly about the syllabus and regulations of any course before enrolling in that. Banking diploma is a very common and recognized professional certification from The Institute of Bankers, Bangladesh (IBB). Though there are so many contradictions about this course, every banker wants to pass this certification.

Regulation 52

Regulation Case Study Security Management 52

PYMNTS

APRIL 25, 2019

This is especially true in areas like the European Union, where the General Data Protection Regulation ( GDPR ) is changing how customers and corporates approach data sharing. According to Monteiro, the company has added “an additional layer” of security to protect users from fraud while also providing a seamless mobile experience.

Security 100

Security Data Regulation Mobile 100

PYMNTS

OCTOBER 21, 2019

The new SCA Impact Playbook explores how subscription-based merchants can prepare for SCA and manage conversion, churn and card-based risk. Merchants that do not provide their PSPs with necessary information regarding subscription accounts, or those whose PSPs are unprepared for the regulations, may still see payments ensnared in the SCA net.

Strategy 100

Strategy Compliance Fraud Payments 100

PYMNTS

APRIL 18, 2019

As a result of the findings, the financial institution (FI) is reportedly preparing for potential fines, litigation and prosecution of individual managers. The bank is involved in the illegal activity because of former business relationships with two regional eastern European banks, one in Moldova and the other in Latvia.

Regional 155

Regional Regulation Payments Management 155

Alex Jimenez

NOVEMBER 4, 2023

Regulation and Compliance: Not one of the more exciting topics, but there seems to be a growing emphasis on FinTech regulation and compliance, particularly around industry stability and consumer protection. Financial Inclusion: The need for the industry’s support of underserved populations and regions came up often.

Conference 84

Conference Meeting Trends Fintech 84

PYMNTS

MARCH 25, 2019

In other statistics cited by Karen Webster in a recent podcast with Trulioo General Manager Zac Cohen , the share of intercepted proceeds from financial crimes is paltry, at about 1 percent, and as many as 50 percent of firms are compromised by fraudsters. One microcosm of fraud and regulatory scrutiny is cryptocurrencies.

cryptocurrency 196

cryptocurrency Compliance Fraud System 196

PYMNTS

SEPTEMBER 22, 2016

World-Check data helps customers identify threats and comply with legislation and regulations for preventing money laundering, terrorist financing, corruption, organized crime and third-party risk. For any regulated firm to thrive in the long term, consistent investment needs to be made in the risk, compliance and control functions. “For

Compliance 100

Compliance Data Risk Management Regulation 100

PYMNTS

DECEMBER 8, 2016

businesses are attracted to digital invoicing for a slew of financial benefits: faster, more efficient accounts payable and reconciliation processes, a reduction in the threat of errors due to manual data entry and ability to capture early payment discounts thanks to an accelerated invoice management process. In the U.S., Still, U.S.

Compliance 100

Compliance Regulation Taxes Fraud 100

PYMNTS

OCTOBER 17, 2019

According to recent PYMNTS research , illicit and counterfeit goods make up a multibillion-dollar fraud industry, with merchants suffering $323 billion in total losses from counterfeit products in 2017. Because they’re not regulated, the items can pose health and safety risks for consumers, particularly for food and medical items.

Fraud 101

Fraud Innovation Technology Mobile 101

FICO

FEBRUARY 1, 2023

Despite many families so far managing to maintain their financial commitments — loans, credit card and mortgage repayments, as well as essential bills like utilities and rent — there are fears that rising inflation and interest rates may see a significant number struggle to make ends meet. A cloud-based platform is vital.

Management 52

Management Fraud Strategy Analysis 52

PYMNTS

OCTOBER 17, 2019

According to recent PYMNTS research , illicit and counterfeit goods make up a multibillion-dollar fraud industry, with merchants suffering $323 billion in total losses from counterfeit products in 2017. Because they’re not regulated, the items can pose health and safety risks for consumers, particularly for food and medical items.

Fraud 101

Fraud Innovation Technology Mobile 101

Jeff For Banks

NOVEMBER 24, 2019

September 1st, 1999, regulators from the Federal Deposit Insurance Corp, at the behest of the Office of the Comptroller of the Currency, descended on a small coal mining town in Keystone, West Virginia. Clearly, blue-suit regulators stood out. However, it seems unlikely that McConnell didn't orchestrate the fraud.

National 78

National West Virginia Virginia Pennsylvania 78

PYMNTS

OCTOBER 10, 2017

“Although the rate of adoption is good, corporates are not leveraging all the benefits of the digital transformation to provide new propositions to their clients, to help them move away from checks and increase overall efficiency in reconciliation and fraud,” the report concluded. Regional Trends. What’s Holding Them Back.

Payments 124

Payments Regional America Trends 124