PYMNTS

JUNE 16, 2020

But Kellerman and other security experts advocated at the hearing for legislative measures, such as modernizing anti-money laundering (AML) and forfeiture rules and moving the Secret Service to the Treasury Department, to help combat the threat. ” A memo included with the subcommittee’s documents also pointed to the U.S.

US 227

US Cyber Security Security National 227

PYMNTS

JUNE 8, 2020

United Nations global blockchain expert Massimo Buonomo has foreseen a future where digital currencies could replace low-interest bank accounts, Coindesk reports. He said the regulators would need to have total control over a cryptocurrency-fueled system that replaced traditional banking.

blockchain 338

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PYMNTS

MAY 15, 2018

The Central Bureau of Investigation (CBI), India’s main investigative agency in the country, has filed charges in the Punjab National Bank fraud case against Nirav Modi, the jewelry retail owner, and his uncle Mehul Choksi, as well as senior executives at the state-run lender.

Fraud 100

Fraud National Maine System 100

PYMNTS

JUNE 29, 2020

Valdis Dombrovskis , the EU’s executive vice president of the European Commission for an Economy that Works for People, told attendees of the Digital Finance Outreach 2020 , a series of events for the 27-nation bloc on financial technology companies, that Europe must become the leader in crafting rules for digital finance.

cryptocurrency 221

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PYMNTS

NOVEMBER 3, 2020

Critics have charged that the company’s main purpose is to sue big companies for infringing on patents that it owns. national security.”. "On 1), the tech giant referred to the possible effects of legal proceedings and global regulations and how those could impact its operations and financial conditions.

Apple 226

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PYMNTS

MAY 22, 2017

That depends, says counterterrorism and cybersecurity expert Richard Clarke, on what companies, banks and regulators are willing to learn from the incident. s National Health Service. s National Health Service. After the latest worldwide cyberattack, the question remains: What’s going to change? The Digital Threat to Commerce.

Regulation 116

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PYMNTS

OCTOBER 19, 2016

According to Brad Fauss, president and CEO of the Network Branded Prepaid Card Association, the recently released regulations on prepaid cards from the Consumer Finance Protection Board could be another instance of good intentions gone wrong. The updated regulations are slated to take effect Oct. Around the Digital Banking world.

Regulation 100

Regulation Cards Digital Banking social media 100

PYMNTS

DECEMBER 7, 2018

Not to ruin your holiday spirit, but let’s start this story with the cold and brutal truth: One of the largest risks that payments and commerce operators face in 2019 is being called to account by government officials, regulators or media about a failure to secure their organizations from cyberattacks. and other places.

Payments 240

Payments Tools Security Regulation 240

PYMNTS

AUGUST 18, 2016

The financial messaging service known as SWIFT — which operates as a bank-owned consortium and helps payments in the billions of dollars move globally — has been beset by security flaws, has known about those flaws and has done little to address those flaws. So reported Reuters on Wednesday (Aug. So reported Reuters on Wednesday (Aug.

Security 100

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PYMNTS

JULY 21, 2020

Open banking is appealing to financial institutions (FIs) and regulators in many markets, even as the pandemic sweeps across the world. Regulators in other regions, including Latin America, are also shaping and announcing plans to enable open banking and better support digital financial systems.

Mobile 229

Mobile Report America Regulation 229

PYMNTS

DECEMBER 18, 2018

As well, the form has a long history of transmitting national values and providing cultural, political and even economic education — one need only dig deep into the comic scene during World War II to understand that. We hope this comic book helps illustrate the importance of regulations and compliance professionals around the globe.”.

Compliance 152

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PYMNTS

JULY 24, 2020

These marketplaces need to have strong security approaches in place, however, to ensure they do not accidentally onboard any fraudulent sellers or let other scams be perpetrated across their platforms. How Global Freelancing Marketplaces Can Maintai n Security And Regulatory Compliance. Around The eCommerce Payments W orld.

Compliance 152

Compliance Report Payments Security 152

PYMNTS

AUGUST 1, 2018

The center’s Task Force on Main Street Finance — co-chaired by former Senator Olympia Snowe, former U.S. It is critical that we respond to the needs and concerns of Main Street America,” said Snowe in a statement. Suggestions included that the U.S.

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PYMNTS

SEPTEMBER 15, 2020

To that end, Bloomberg reported at least some financial regulators from the European Union say there need to be strict controls governing central bank digital currencies in place — and Libra (among other private efforts) may present a threat to financial stability. Central bank digital coins on the Continent – but plenty of room for cash.

Boston 227

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PYMNTS

MAY 21, 2020

As politicians across the globe grapple with the pandemic’s continued economic fallout and the need to get stimulus funds to individuals, corporations and even local governments with speed and security, digital delivery of those dollars is likely to gain increasing traction. So a retail CBDC is now [the ECB’s] main focus.”.

United States 244

United States Regional cryptocurrency Retail 244

PYMNTS

FEBRUARY 28, 2020

Credit unions’ emphasis on member relationships is one of the main factors that distinguishes them from large banks and FinTechs. Credit unions possess vast troves of personal information such as credit card data and Social Security numbers that could devastate members if leaked. CUs’ Tools To Secure Member Privacy .

Data 131

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PYMNTS

FEBRUARY 24, 2019

Commerzbank completed the transaction with R3’s Corda-based blockchain platform, while Main Incubator acted as a service partner, Continental was the issuer and Siemens subscribed to the security as an investor. state-level securities regulators issued public letters warning investors of the Ponzi-type nature of BitConnect. “The

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blockchain Bitcoin cryptocurrency Security 116

Abrigo

APRIL 26, 2022

The Financial Crimes Enforcement Network ( FinCEN ) has profiled this global issue by naming corruption one of the eight national security priorities. Securities and Exchange Commission launched investigations into political corruption and started legislative efforts to thwart such acts. BSA Rules and Regulation.

Training 195

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CFPB Monitor

JULY 6, 2021

The Priorities have been much-anticipated because, under the AML Act, regulators will review and examine financial institutions in part according to how their AML/CFT compliance programs incorporate and further the Priorities, “as appropriate.”. Given the already-existing breadth of the eight Priorities, that goal looks challenging.

United States 78

United States Fraud Regulation Compliance 78

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

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PYMNTS

MAY 28, 2019

A year after the debut of Europe’s General Data Protection Regulation (GDPR), a total of €56 million ($62 million) in fines have been doled out. The main concerns focused on how the tech companies process data, the lack of transparency in how they collect personal data and consumers’ ability to access their data.

Google 139

Google Policies Data Apple 139

NCR

NOVEMBER 8, 2016

Last month was National Cybersecurity Awareness Month, an initiative to provide consumers with the information they need to stay safe online, so in the wake of this, it is a good time for banks to consider whether all possible steps are being taken to protect their customers in our digitally connected world. The Role of the ISO.

Cyber Security 63

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PYMNTS

APRIL 7, 2017

Reports this week said the bill, the Main Street Cybersecurity Act, is an update to the existing Cybersecurity Enhancement Act of 2014 and would seek for the National Institute of Standards and Technology to develop a set of voluntary guidelines for small businesses to mitigate and prevent cybersecurity risks.

Guidelines 128

Guidelines Maine Software National 128

PYMNTS

FEBRUARY 28, 2019

They must also excel at securely handling payments and personal data, while recommending services at the right moment to enhance transactions along the way. Airbnb on Payments, User Friction and Security Challenges in a Global Market. Further east, Airbnb is taking off in South Korea, with a reported 2.9

Payments 183

Payments User Experience Training Case Study 183

PYMNTS

NOVEMBER 12, 2018

And Venezuela is trying to lure the world’s oil markets to start using its national cryptocurrency, the petro. The government has told residents that the token must be used for anyone who would like to secure a passport. Venezuela started selling petro to its residents last month through an official government portal.

Marketing 179

Marketing cryptocurrency social media blockchain 179

PYMNTS

SEPTEMBER 23, 2020

Senior citizens are the demographic group most vulnerable to identity fraud, as they are often not as digitally savvy as their younger counterparts nor as adept in online security best practices. Large investments in security measures are necessary for banks to protect themselves and their customers from this menace. billion ($8.9

Technology 208

Technology Report Fraud Study 208

PYMNTS

AUGUST 2, 2017

According to OpenGov , the Payments Council — made up of 20 leaders from banks, payment service providers, businesses and trade associations — will focus on ePayments under the government’s Smart Nation program. Our mission is to make ePayments simple, seamless and secure for all Singaporeans.”.

Payments 104

Payments Maine Online System 104

PYMNTS

DECEMBER 2, 2016

The nation saw four startups take home investment out of a total of seven investment rounds. According to its cofounder, Aditya Tulsian, incoming tax regulation changes, along with India’s recent demonetization, mean SMEs are going digital and will need to keep better track of funds. 1) that it secured $32.2 B2B eCommerce.

Fintech 100

Fintech Capital Lending Taxes 100

PYMNTS

SEPTEMBER 8, 2017

The company secured 8.6 percent of the nation’s express delivery market in the first six months of 2017, reports said. Analysts say the trend is the result of tightened regulations at home, especially those impacting alternative lending startups. “An The IPO could see the company valued at up to $5.7

United States 100

United States Google Fintech Maine 100

PYMNTS

AUGUST 24, 2019

As new PYMNTS research documents, over the past year, 18 Major League Baseball (MLB), National Basketball Association (NBA), National Football League (NFL) and Major League Soccer (MLS) arenas have deployed biometric solutions by CLEAR. For the 2019 NFL season – PYMNTS is based in Boston, so Go Pats!

Payments 161

Payments social media Mobile Seattle 161

BankUnderground

OCTOBER 26, 2021

Moreover, the national currency belongs to the people, and the state’s role is to regulate it to benefit the people. This was perhaps a necessary condition for the emergence of national money, but not a sufficient one. According to Orseme, money serves as a medium of exchange to reduce transaction costs in trade.

Policies 109

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PYMNTS

AUGUST 14, 2019

When it came to technology, Blanco was specifically interested in – and concerned about – two main areas. The security of the financial services markets, he noted, relies on everyone being team players in the digital age and those not fully playing their positions, he noted, could be facing enforcement action in the future.

Compliance 163

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PYMNTS

OCTOBER 23, 2018

The world might be growing smaller and more connected, but regulations and authentication methods can create issues for international businesses looking to expand globally. Scotland, meanwhile, is looking to distributed ledger technologies (DLTs) to develop secure digital identity credentials. to the U.K.

Trends 134

Trends blockchain California Security 134

PYMNTS

JULY 15, 2016

Brad Fauss, CEO of the National Branded Pre-Paid Card Association and MPD CEO Karen Webster dug into the potential for these rules to create the kind of inconsistencies that could very well disadvantage the very consumers that the CFPB intended to protect. Who Uses Prepaid Anyway?

Cards 100

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Independent Banker

DECEMBER 13, 2015

However, another ICBA top security priority on Capitol Hill remains to implement uniform national data-security standards, even for retailers. IB: But we still want more from Congress on security? We have to do something about data security at the major retailers. Stetter: The Data Security Act [S.

Washington 70

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Independent Banker

NOVEMBER 24, 2015

However, another ICBA top security priority on Capitol Hill remains to implement uniform national data-security standards, even for retailers. IB: But we still want more from Congress on security? We have to do something about data security at the major retailers. Stetter: The Data Security Act [S.

Washington 70

Washington Community Bank Security Retail 70

PYMNTS

OCTOBER 18, 2018

Ryan Frere, VP of global payments at Flywire , told Karen Webster that India, given its large and rapidly growing population of students looking to secure education away from their home country, is — obviously — a hugely important market for Flywire, one in which the company has been deeply invested in to improve the payments process.

Payments 153

Payments Study National Marketing 153