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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PYMNTS

JUNE 3, 2019

In a blog post , Bill Ready, PayPal’s chief operating officer, said the new digital platform will provide what the company is calling the most comprehensive set of technology, tools, services and financing for businesses of all sizes around the world. The payment company plans to expand to more than 40 markets by the end of 2019.

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PYMNTS

APRIL 26, 2019

Tether is a stablecoin (in turn backed by United States dollars), and Bitfinex allegedly raided reserves to make payouts to consumers looking for redemptions. The complaint from state Attorney General Letitia James said iFinex, Inc.,

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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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FICO

JUNE 14, 2021

In this post, I’ll provide a quick overview of how BNPL works, and share my thoughts on how BNPL fraud can occur and where the financial liability lays. . The company says that over half of Afterpay’s customers in the United States are millennials, aged 25 to 40 years old. A BNPL Primer. customers more than double to 6.5

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PYMNTS

JANUARY 28, 2020

The total number of CUs in operation declined from 6,743 in 2015 to 5,390 as of 2019, but the total number of CU members increased over the course of the decade from 89.3 New technologies are being developed to continue this market growth. Total CU assets increased 7.4 percent year over year from $884.7 billion in 2009 to $1.54

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PYMNTS

DECEMBER 3, 2019

However, the filing does not include any evidence regarding the allegations, which accuses TikTok of privacy and data fraud, and unfair competition violations. But the reality is that the TikTok app does not operate in China, and we have been further building out and empowering teams in the markets where it does operate.”.

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PYMNTS

MARCH 12, 2020

She noted that firms such as PULSE have enabled payments functionality spanning push payments, peer-to-peer (P2P) and business-to-consumer (B2C) for the past decade and that operating rules require funds to be available in customer accounts within 30 minutes.”. A tight labor market means employers must be cognizant of what their workers want.

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PYMNTS

JUNE 30, 2020

Ireland was the country with the lowest encounter rate, followed by the United States and Japan. In other news, authorities in Spain have taken 33 individuals into custody who allegedly marketed illicit pharmaceuticals via the web and laundered at least some of their $3.37 million profit in crypto, Coindesk reported.

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Abrigo

JUNE 23, 2020

As most operations have shifted to a digital-first world due to the coronavirus pandemic, institutions have had to adjust and adapt new technologies to stay competitive and thrive during these times. We understand the trust you put in us when you use our BSA/AML and fraud software and we make the same investment in your program’s success.

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PYMNTS

JUNE 30, 2017

FIS, the financial services technology, and Cardtronics, the ATM owner/operator, announced Thursday (June 29) plans to integrate FIS Cardless Cash access across Cardtronics’ ATM fleet in the United States. FIS Cardless Cash already has created the industry’s largest cardless ecosystem, providing convenience to U.S.

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CFPB Monitor

FEBRUARY 18, 2021

Before FedNow is released, it will be extensively tested to ensure that it is market-ready. The Fed is also working to integrate FedNow with the RTP Network offered by The Clearinghouse so that the two systems can effectively operate alongside one another. The United States is a relatively new player in the real-time payments space.

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PYMNTS

FEBRUARY 28, 2019

That brings Adyen’s total valuation to $22 billion — roughly on par with its Silicon Valley counterpart and latter-day rival, Stripe , which was valued at $20 billion as of its last fundraising — as the business expands into the United States. By the numbers, the firm posted net revenue of €192.5

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PYMNTS

JUNE 14, 2019

Coverage includes Visa’s new B2B push, new trackers and research on fraud and digital ID, Uber financial services and Mastercard’s biometric vision. Visa Launches Visa B2B Connect In 30+ Markets. It was a solution that laid in the cross-section of many separate but connected problems in the Mexican market and beyond.

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PYMNTS

MARCH 9, 2020

To that end, PayPal said last month that it would team with law enforcement agencies, academics and experts to track how payments are used to traffic firearms illegally through the United States. But if you think about trafficking,” he said of the flow of illegal firearms, “there’s a huge financial backbone to these operations.

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PYMNTS

JUNE 14, 2019

Coverage includes Visa’s new B2B push, new trackers and research on fraud and digital ID, Uber financial services and Mastercard’s biometric vision. Visa Launches Visa B2B Connect in 30+ Markets. It was a solution that laid in the cross-section of many separate but connected problems in the Mexican market and beyond.

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San Francisco Fraud United States Google 100

PYMNTS

OCTOBER 2, 2019

The co-founder of a cryptocurrency hash power broker has been arrested in Germany over charges in the United States that he is one of several hackers who stole millions of dollars. Hard Fork reported that Matjaz Skorjanc, the co-founder of NiceHash, was reportedly taken into custody on Monday (Sept.

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blockchain Security Bitcoin United States 145

PYMNTS

AUGUST 1, 2018

Supreme Court struck down state bans on sports betting, MGM Resorts International has signed deals with the NBA and other operations that could mark the first chapter of the country’s new sports and gambling culture. MGM officials will also reportedly help the league detect fraud and game-fixing. technology hub.”.

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PYMNTS

OCTOBER 4, 2019

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. Such reviews will also often touch upon their credit card operating models. Basic Question. Both differ in terms of assumed risk and FI control over their card programs.

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Payments Cards Trends Fintech 176

PYMNTS

OCTOBER 11, 2016

Treasury has reportedly dubbed international payments processor PacNet, which operates Counting House, a “criminal organization,” and reports said the move could cause trouble for FX brokers. ” PacNet has operations in Canada, the U.K. ” PacNet has operations in Canada, the U.K.

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United States Operations Regional Report 100

PYMNTS

MAY 29, 2018

Companies based in the United States that contend the directive would be costly, were they to comply — costly to the tune of millions of dollars. The newswire stated the mandate in India may have a ripple effect and may push the needle toward a similar walling in of data. On the other side of the equation? That trio of U.S.

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PYMNTS

NOVEMBER 21, 2018

AI’s less sophisticated (but much more well-known) cousin machine learning needs supervision to learn, though the technology is certainly capable of high-level fraud prevention and business operational tasks — which is why financial institutions have adopted ML, as the report has shown. percent use it to fight internal fraud.

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PYMNTS

JULY 3, 2019

Look outside the United States, she noted, and one will observe that 56 countries have adopted, or are in the process of adopting, real-time payment systems. we are relatively late to the game,” she told Webster, as “many of these markets are on their second system already.”. In the U.S.,

Payments 155

Payments United States Study Innovation 155

PYMNTS

SEPTEMBER 6, 2019

Bamboo Straws, Emerging Markets And The Lessons Of Selling Cross Border. It’s another thing to walk the walk, especially when it comes to giving sellers the chance to gain new revenue via online marketplaces and new markets. Visa: Chip Cards Reduce Counterfeit Fraud By 87 Pct. What 10 Top CEOs Said About Payments This Summer.

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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. There will be accidents, especially in the cloud,” Korbinian Ibel, a director general at the ECB’s supervisory operations, said in the report.

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PYMNTS

JANUARY 22, 2018

The regulators have been looking at cryptocurrency operators – and in the United States, at least, are firing shots across the regulatory bow. In addition, the regulator charged, the three operators broke laws governing commodity trading. The suits come after a flurry of regulatory announcements spanning the globe.

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PYMNTS

MAY 28, 2019

million buyers who operate in industries such as website development, logo design and blog writing. billion – of funds were lost to card fraud in 2018, up from $1.4 The FBI’s Internet Crime Complaint Center (IC3) said in a report, for instance, that online fraud, theft and exploitation led to $2.7 billion in 2017.

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PYMNTS

SEPTEMBER 9, 2019

Hurricane Dorian may be officially over, but for those in the Southeastern United States and the Bahamas, the rebuild is just getting started. Checks also come with their own fraud and security problems, particularly in chaotic situations when it is easier than usual for the wrong person to intercept and misuse a payment.

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PYMNTS

NOVEMBER 29, 2019

On a longer arc, I could certainly see us operating in geographies outside the United States,” Hodges told PYMNTS, noting that many tech markets are global, as are their labor pools. Many founders are operating their businesses, from day one, with the ambition of entering an international setting.

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PYMNTS

OCTOBER 8, 2019

Three months away from the end of 2019 and the dawn of the 2020s, the state of the credit union is stable, due to a healthy foundation that is already in place, according to Charles E. Pairing those strengths with robust credit card offerings, he said, helps CUs market a full suite of financial offerings that are comparable to marquee FIs. “As

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PYMNTS

MARCH 15, 2019

In fact, according to new PYMNTS research, digital services are expanding in the United States and in markets around the world. As that PYMNTS report notes, streaming services companies are integrating payments into their platforms as they expand to new markets. Consumer Communication.

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PYMNTS

FEBRUARY 6, 2020

Netflix also said it would not add advertising to its platform to boost revenue, despite seeing continued weakness in the United States market. Attorney General Letitia James said her office won more than $16 million in restitution and penalties for 68,000 victims and shuttered the scammers’ New York and Oregon operations.

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New York Oregon social media Trends 130

PYMNTS

APRIL 30, 2020

Implementing any new standards during the pandemic was off the table for many markets, though some regulators were left scrambling to figure out how the rules they already passed would adapt to life in lockdown. 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

JULY 17, 2018

Since the migration to EMV in the largest card market in the world (the U.S. in October of 2015), the incidences of counterfeit card fraud at chip-enabled merchants have fallen sharply — some 76 percent, as reported by card networks. Once cards became significantly harder to clone, fraudsters took their bag of bad tricks online.

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PYMNTS

JULY 10, 2020

Open banking comes in several flavors, yet its rise requires robust Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures, Zac Cohen , chief operating officer at identity verification firm Trulioo told Karen Webster in a recent interview. Regulation Vs. Market Forces.

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PYMNTS

AUGUST 25, 2016

Can the biggest banks in the United States catch up to the millennial-beloved Venmo with their own P2P payments app? If it sounds a bit familiar, it is probably that the service has been operating for several years under the name clearXchange.

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Gonzobanker

MAY 4, 2020

In the midst of unprecedented market volatility, recent deals and back-channel chatter illustrate that fintech demand remains high. And businesses that deferred moving online or had no reason to operate online have made the leap practically overnight.”. operations with a soft landing of customers to Varo. customer impact.

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