PYMNTS

SEPTEMBER 30, 2020

Overseen by the Office of the Comptroller of the Currency (OCC), the charter would allow firms like Facebook, Google or Amazon to bypass the process by which they need to collect money transmitter licenses state by state. They argue that the OCC would oversee the new charter holders — but not as rigorously as state regulators would.

Regulation 349

Regulation National System Industry 349

Cisco

NOVEMBER 15, 2022

Venmo, just like Google, has become a proper noun AND a verb. Open banking allows third-party financial services companies to access consumer banking, transaction, and other financial data via the secure use of APIs. It is about opening up information to spur innovation of third-party providers to build new, added-value offerings.

Innovation 160

Innovation Security Innovation Strategies Data 160

PYMNTS

JUNE 27, 2017

He also offers advice for how to innovate in the field. Here is an excerpt of the conversation: PYMNTS: How would you define your company’s approach to innovation? PYMNTS: Where do you look for innovative ideas, and why? PYMNTS: What is the most innovative thing you’ve ever done? JB: Innovation often means taking a risk.

Innovation 145

Innovation System Mobile Trends 145

PYMNTS

SEPTEMBER 24, 2020

Twenty-two percent of American consumers state that they have been targeted by COVID-19-related fraud attempts since the pandemic’s onset, for example, leading financial authorities to work toward keeping consumers’ data more secure by changing how it is stored. Failing to secure such information could open up FIs to fraud. EU and U.K.

Compliance 151

Compliance Fraud Regulation Security 151

PYMNTS

MARCH 27, 2019

Mobvoi, a China-based artificial intelligence (AI) startup, has almost secured funding to value the company at upwards of $1 billion before an initial public offering, according to a report by Bloomberg. The company, which was started by former Google employees and is backed by the company, wants to raise $100 million.

Google 152

Google Big Data Innovation Apple 152

PYMNTS

JANUARY 22, 2019

Last year brought the General Data Protection Regulation (GDPR) deadline, Europe’s attempt to boost online privacy and security for consumers — a law that just resulted in a $57 million fine against Google , which was accused of not doing enough to gain the consent of users when collecting data meant for targeted advertising.

Payments 195

Payments Regulation Security Data 195

PYMNTS

DECEMBER 14, 2018

They must deliver services that customers and clients demand while securing their personal data. In this month’s Deep Dive, PYMNTS examines how data can improve customers’ experiences, and how regulations can keep their data safe. More Data, More Innovation. Other data-focused regulations also went into effect this year.

Payments 180

Payments Regulation Data Security 180

PYMNTS

MARCH 7, 2019

Merchants and customers are now transacting under PSD2 and GDPR in the European Union (EU) — regulations that allow a greater window into how customer data is being used. While these regulations are aimed at increasing consumer trust by allowing them more transparency, many consumers in the region are still adjusting.

Lending 198

Lending Regulation Regional Data 198

PYMNTS

OCTOBER 21, 2019

As Seedrs CEO Jeff Kelisky told Karen Webster in a recent discussion, while most people in 2009 took one look at the sputtering and shuddering economy, there was a whole class of innovators and entrepreneurs who didn’t see a nuclear wasteland where the economy used to be. They saw a greenfield waiting to be planted. The list goes on.

Innovation 131

Innovation Payments Apple Mobile 131

PYMNTS

SEPTEMBER 26, 2016

The newspaper cited Ripple’s use of blockchain technology and the ability of two small banks, one in Canada and one in Germany, to complete cross-border online transactions in record time as an example of the latest banking innovations. While most international bank transfers take days to complete, this took just 20 seconds.

Regulation 100

Regulation Fintech blockchain Mobile 100

PYMNTS

APRIL 24, 2019

Regulators want to have a greater stake in the way sharing platforms operate. Many of these regulators also now expect sharing and payment services to comply with shifting data regulations, like GDPR. To learn more about how Spotahome is approaching data security and customer trust, read the Playbook’s feature story.

Marketing 179

Marketing Regulation Case Study Security 179

PYMNTS

JANUARY 3, 2020

This only increased earlier this year with the implementation of strong customer authentication (SCA), which forced merchants to develop security solutions that would not impact sales and sent retailers scrambling to project how these changes would affect operations. He pointed to the U.K.,

Regulation 133

Regulation Fintech Innovation Marketing 133

CB Insights

OCTOBER 2, 2018

Facebook, Amazon, Microsoft, Google, and Apple (FAMGA) are doubling down on data security. Effective data security features are critical to securing this information. However, Facebook and Amazon are not the only Big Tech companies with a need to innovate in data security. The Future of Data Security.

Security 58

Security Data US Google 58

PYMNTS

DECEMBER 28, 2020

Published reports indicate that China’s central bank and banking, securities and foreign-exchange regulators summoned Ant Group executives this past weekend to discuss official concerns about the firm. Reuters quoted central bank Vice Gov. Will Chinese Authorities Force Ant To Restructure? . A Growing Crackdown .

US 168

US Regulation Groups System 168

PYMNTS

AUGUST 22, 2019

This time, it’s a move from Google , but it’s unclear how far these efforts will really go, and whether they will have a major impact anytime soon on consumer perceptions of online trust — one of the biggest ongoing issues in payments and commerce. The push to offer more online privacy to increasingly concerned consumers continues.

Google 115

Google Tools Pennsylvania Security 115

PYMNTS

OCTOBER 28, 2019

“Bakkt’s approach to secure technology, privacy and innovation means that we are an advocate for consumers who have yet to enter the digital asset space, and for merchants who want to accept new, efficient forms of payments without increasing risks,” said Mike Blandina, chief product officer at Bakkt.

New York 102

New York Bitcoin Google cryptocurrency 102

PYMNTS

MAY 16, 2019

At the same time, however, many players, like Facebook and Google , are squaring off against regulators that are looking at their data and payment policies with more scrutiny. Social Media Sites and Payment Innovations Under PSD2 and GDPR. To learn more, visit the Tracker’s feature story. About the Tracker.

social media 161

social media Compliance Innovation Data 161

Abrigo

FEBRUARY 25, 2022

Codified risk-based approach The AMLA codified the risk-based approach for the first time, and a thorough risk assessment is necessary to justify businesses to your regulators. ?As As regulators get up to speed with new FFIEC Exam Manual updates, you may need to remind them that not all groups of customers present the same risk.

Regulation 195

Regulation Policies Compliance Washington 195

Accenture

NOVEMBER 27, 2017

Connecting more than 8,000 decision makers and thought leaders across the industry, Sibos 2017 in Toronto was once again the platform where the global financial community explored the disruptions and opportunities in payments driven by innovation, technology and new business models.

Innovation 171

Innovation Conference Fintech blockchain 171

PYMNTS

JUNE 24, 2019

Technology company Google , for example, is facing a probe by the Data Protection Commissioner (DCP) in Ireland. The probe follows complaints that Google’s advertising technology (AdTech) systems are not compliant with GDPR. How PSD2 is Affecting Asia’s Open Banking Regulations.

Fintech 161

Fintech Regulation Compliance Data 161

PYMNTS

JUNE 19, 2018

The time for “wait and see” is running out when it comes to new European privacy regulations. Soon enough, the financial and consumer impacts of the General Data Protection Regulation (GDPR) will become clear enough that companies that took a laggard’s approach may start to feel significant pain.

Regulation 101

Regulation eBook social media Case Study 101

PYMNTS

SEPTEMBER 25, 2017

Better malware defenses from Google Play? Google Play Malware Defense. Despite several rounds of malware making it through the Google Play Store’s defenses in recent months, the marketplace is actually performing better and more securely than in the past. All of the above are being tried…. App Store Upgrade.

Google 169

Google Apple Software blockchain 169

Accenture

SEPTEMBER 22, 2019

But there’s another reason why the neo-challengers are so front-of-mind: They’re industry leaders in cultivating technology innovation and optimising customer service and experience. They also deliver innovative, easy-to-use apps that help users with things like managing their daily budget or travelling abroad. Regulation.

Innovation 150

Innovation Metro Apple Marketing 150

PYMNTS

JULY 24, 2018

The effort, backed by Google , Facebook , Microsoft and Twitter , seeks to build “an open-source, service-to-service data portability platform so that all individuals across the web [can] easily move their data between online service providers whenever they want.”. DTP Development.

Online 101

Online Data Industry social media 101

PYMNTS

MAY 30, 2018

Banks, he noted, have to be compliant with a host of extremely stringent regulations, and often across multiple jurisdictions – all with different rules. FinTechs] see regulation and compliance as a formidable challenge,” Oosthuizen said, adding that FinTechs often aren’t aware of the practical implications of regulatory compliance.

Fintech 160

Fintech Regulation Compliance Innovation 160

PYMNTS

DECEMBER 16, 2019

Not just any decade, but one that has seen unprecedented levels of innovation touch nearly every industry segment and almost every corner of the world. Only then, he said, can one get clarity about how those dots can guide innovators about the future. The last 10 years in payments and commerce have given us millions of dots to connect.

Payments 180

Payments Innovation Cards Google 180

PYMNTS

JANUARY 1, 2020

Not just any decade, but one that has seen unprecedented levels of innovation touch nearly every industry segment and almost every corner of the world. Only then, he said, can one get clarity about how those dots can guide innovators about the future. Tuesday marked not only the end of a year, but the end of a decade.

Innovation 174

Innovation Cards Google Payments 174

PYMNTS

OCTOBER 4, 2019

This week’s coverage includes a deep dive into a big potential misstep for Apple, woes at Goldman’s Marcus, a new Visa expansion effort and a look at how Google Maps can predict the future of payments. The competition between cybercriminals and the fraud and security teams at banks, tasked with stopping their attacks, is incredibly lopsided.

Fraud 108

Fraud Google Apple Chicago 108

South State Correspondent

MAY 18, 2023

The Start of Our Generative AI Journey “Tate,” a contraction of SouthS tate, was a brainchild of our Spark Innovation group, a team of 35 employees from various sections of the Bank brainstormed a use case, created personas, outlined a user journey, and then developed an action plan. Google re-released “ Bard ” last week.

US 195

US Training Examples Data 195

PYMNTS

JANUARY 21, 2019

That was the day that an advocacy group, Financial Innovation Now (FIN), submitted a public comment letter to the Fed in response to its proposal to create and operate a real-time payments system in the U.S. FIN members include Amazon , Apple , Google , Intuit , PayPal , Stripe and Square. It flew in on Dec. Could it be better?

Payments 194

Payments System Innovation Cards 194

PYMNTS

OCTOBER 24, 2018

When it comes to data privacy, it’s not all about General Data Protection Regulation (GDPR), and it’s not all about Europe. As the state-level initiative looms, and as headlines mount over data breaches at Facebook and Google and any number of other firms, data privacy has garnered its share of attention from legislators.

Data 122

Data US California Guidelines 122

PYMNTS

AUGUST 9, 2019

Bank Regulators Probe Amazon Cloud. The App Store and Google Play collectively offer more than five million mobile apps offering every type of service imaginable – ridesharing, music and video streaming, aggregators, banking, quick-service restaurants (QSR), retail merchants and countless others. Trackers and Reports .

Apple 115

Apple Virginia Regulation Millennials 115

CB Insights

MARCH 27, 2019

Read our future of data security report for more on this topic. ). It comes as no surprise, then, that big tech players like Facebook, Amazon, Microsoft, Google, and Apple (FAMGA) are investing heavily in data security — especially as several have fallen victim to data breaches themselves. Table of contents.

Google 76

Google Apple Security Data 76

PYMNTS

AUGUST 10, 2018

Europe’s General Data Protection Regulation (GDPR), California’s similar law , Facebook’s ongoing costs and stock price plunge in the aftermath of the Cambridge Analytica scandal — all point to a new, stricter attitude about keeping online data private. Overall, 69 percent of consumers favor GDPR-like regulations in the United States.

Online 101

Online social media Baltimore Data 101

PYMNTS

FEBRUARY 17, 2017

Ed Metzger, Santander’s head of technology innovation, was quoted as saying : “The worlds of technology and banking continue to evolve at pace, working hand in hand to deliver a friction-free user experience. We are excited to be the first U.K. Most internet calling services don’t allow for U.S. Still, there’s more to hash out.

Google 109

Google Mobile Technology User Experience 109

Gonzobanker

AUGUST 7, 2018

Treasury Department released a 222-page report titled A Financial System That Creates Economic Opportunities: Nonbank Financials, Fintech, and Innovation , and the OCC announced it would consider charter applications from fintech companies. However, there is a lack of consensus on what secure and reliable access entails.

Data 60

Data Report Fintech United States 60

PYMNTS

DECEMBER 29, 2017

Some cruise companies made a big effort to lure younger travelers by offering more adventurous and innovative choices. Google’s Pixel Buds were created to translate other languages in real time , which potentially can boost communication among traveling meeting professionals and others. Navigating Multiple Travel Bans.

United States 123

United States Alaska Meeting California 123