PYMNTS

SEPTEMBER 24, 2019

Securities and Exchange Commission declined to tell a congressional panel if the digital currency would be regulated as a security. And, even though Chairman Jay Clayton hasn’t talked about the cryptocurrency plan with the company, he does have an “open door” policy, Reuters reported.

Security 116

Security Regulation cryptocurrency Policies 116

PYMNTS

DECEMBER 4, 2020

The proof-of-concept was run in partnership with BIS’ Innovation Hub Swiss Centre, the Swiss National Bank and financial infrastructure operator SIX, according to the announcement. It offers potential advantages but faces “major” policy hurdles, according to the announcement.

cryptocurrency 152

cryptocurrency Bitcoin National US 152

PYMNTS

MAY 22, 2020

Treasury’s difficulties getting relief money to individuals, has renewed calls for the government to accelerate its FedNow national real-time payments network, still not expected to be operational until at least 2023. The Paycheck Protection Program (PPP) disbursement fiasco, coupled with the U.S.

Payments 344

Payments Policies Guidelines National 344

PYMNTS

MARCH 20, 2020

Just weeks ago there was talk that Chinese-made drones were a threat to American security, but authorities are increasingly looking to them as alternatives to human contact as the coronavirus crisis continues. There are many use cases for drones that can aid the nation,” said Lisa Ellman, the group’s executive director.

California 315

California Apple Policies National 315

South State Correspondent

FEBRUARY 22, 2024

A three-year time horizon isn’t long enough if say you want to take your lending platform nationally such as specializing in lending on robotics. After adjusting for risk and cost, individual securities and loans perform approximately the same. Securities add no long-term value while loans contribute about 10% ( HERE ) to value.

How To 195

How To Strategy Capital Lending 195

PYMNTS

FEBRUARY 24, 2020

Financial institutions (FIs) and merchants from other regions have been dipping their toes into the Chinese market, but open banking has compounded the difficulty involved in setting up operations. The country’s government and regulators are keeping pace with those in the European Union and the U.S. Confronting the Chinese Privacy Myth .

Regulation 160

Regulation Policies Data Compliance 160

PYMNTS

SEPTEMBER 30, 2020

House committee this week began reviewing the idea of allowing the likes of Amazon or Facebook to receive charters to operate as banks — an idea that’s already gotten plenty of pushback from traditional financial institutions (FIs). However, the banking industry doesn’t like that one bit. “We

Regulation 349

Regulation National System Industry 349

Abrigo

FEBRUARY 6, 2020

foreign policy and national security goals to secure the global financial system and protect the United States from the threats of terrorism, human and drug trafficking, and economic damages. OFAC restated its crucial role in furthering U.S. What does a “maximum pressure strategy” entail?

United States 195

United States Compliance Strategy National 195

PYMNTS

JULY 31, 2019

As watchdogs ramp up oversight of financial institutions and FinTechs, late last year the China Banking and Insurance Regulatory Commission also announced plans to relax restrictions on foreign ownership of banks operating in the country.

Lending 134

Lending Policies National Guidelines 134

Abrigo

AUGUST 20, 2021

Transnational Organized Crime Reaches Far and Is Growing One of FinCEN's first priorities for AML/CFT policy is to combat transnational organized crime (TOC). The FBI explains TOC groups are “self-perpetuating associations of individuals who operate, wholly or in part, by illegal means and irrespective of geography.”

Training 195

Training Strategy Fraud National 195

PYMNTS

NOVEMBER 15, 2016

The National Institute of Standards and Technology (NIST) is looking to help. With a guide developed for SMEs in need of cybersecurity direction, NIST’s latest paper, “ Small Business Information Security: The Fundamentals ,” released last week, aims to shed light on basic cybersecurity measures SMEs must take.

Security 100

Security Data Resources Course 100

PYMNTS

JULY 5, 2019

Some are worried that the fact that Libra could be tied to several national currencies means that Facebook is trying to avoid being under control from any particular country. . Also, more demand for government securities because of Libra could cause interest rates to dip, and that could also potentially hurt the country’s economy.

Regulation 102

Regulation cryptocurrency United States Policies 102

PYMNTS

OCTOBER 21, 2020

The pandemic has shifted priorities in regulatory policy tied to the financial services industry — and for Europe, it is heralding the emergence of a data-driven economy. Maniati noted the transformation had been in place well before COVID and has stretched back over five years, but has seen some urgency in recent months.

Data 317

Data Regulation National Examples 317

PYMNTS

FEBRUARY 14, 2020

In perhaps the most sweeping example, the member states of the United Nations have embraced, as part of “sustainable development goals,” a target to “provide legal identity for all, including birth registration,” by 2030. The initiative will be on hold until the government enacts new laws that would safeguard data security.

How To 205

How To National Fraud Data 205

PYMNTS

APRIL 17, 2018

According to Reuters , the attack was launched on computer routers, firewalls and other networking equipment used by government agencies, companies and critical infrastructure operators globally. and British officials warned that infected routers could be used to launch future offensive cyber operations.

US 116

US Cyber Security United States National 116

PYMNTS

FEBRUARY 25, 2020

Because trust companies can’t custody securities in the U.S., Some representatives from the world’s central banks discussed the matter last week in Kyiv, Ukraine, at a conference arranged by the National Bank of Ukraine. 20, which would introduce new standards and rules for how crypto businesses operate.

NJ 130

NJ New Jersey Bitcoin blockchain 130

PYMNTS

OCTOBER 8, 2020

one of the biggest payments processors in the world, one of the top 3 banks in Brazil, one of the big four banks in Australia, the largest national card processor in Europe, and several others),” according to the release. The deals sometimes concerned big players, including “some of the largest and most innovative companies in the world (e.g.

Report 247

Report Fraud Risk Management America 247

PYMNTS

NOVEMBER 20, 2019

Five senators wrote a letter to Amazon CEO Jeff Bezos, asking him to explain how security surveillance company Ring uses peoples’ data and video, according to a report by CNBC. They asked whether the technology could be accessed by foreign entities, or whether the technology posed a risk to national security.

Data 100

Data Delaware Oregon Video 100

PYMNTS

MAY 20, 2020

TIPS is a real-time payments network that the ECB created to build a more streamlined, interoperable Pan-European instant payments rail — one that allows for funds to be transferred quickly and seamlessly among all EU nations on a 24/7 year-round basis. The ECB sees TIPS as more than just another real-time payments solution, however.

Payments 210

Payments Guidelines Regional Strategy 210

Perficient

JULY 11, 2022

Since Square purchased Afterpay, customers can get an Afterpay card to use with participating retailers that operate with Square, which lets customers use Afterpay for in-store purchases. This illusion of feeling more financially secure than one is that often comes with using BNPL services is where they garner a lot of criticism, however.

Fintech 474

Fintech Trends South Dakota Apple 474

CFPB Monitor

MAY 31, 2022

On May 19, 2022, the Associate Director of the Enforcement and Compliance Division of the Financial Crimes Enforcement Network (“FinCEN”), Alessio Evangelista, spoke at the Chainalysis Links Conference in New York City on the topic of “The Intersection of Cryptocurrencies and National Security.”

cryptocurrency 146

cryptocurrency Innovation DC National 146

CFPB Monitor

JANUARY 30, 2020

Before joining the Bureau, she served as the Director of the Office of Regulations and Policy in the Center for Food Safety and Applied Nutrition at the U.S. Donna Roy will serve as Chief Information Officer in the Bureau’s Operations Division. Department of Homeland Security. Food and Drug Administration.

Regulation 78

Regulation Policies Lending Community 78

PYMNTS

DECEMBER 21, 2020

The National Restaurant Association estimates that something like 100,000 eateries have closed either for now or forever, as health fears have struck at the heart of dining out. Kount Control applies protection, policy customization and reporting to give restaurants [a] complete [safeguard against] account takeover,” he said.

Mobile 151

Mobile Fraud Policies Study 151

PYMNTS

NOVEMBER 7, 2019

Anonymity is desirable for anyone online, as personal information like addresses, financial details, names and Social Security numbers can devastate in the hands of a fraudster, but tasks like conducting online banking and making purchases require identity verification as a prerequisite. First inquiries revolve around personal privacy.

System 131

System Guidelines National Online 131

PYMNTS

NOVEMBER 29, 2019

As a result, Hodges noted, insurance policies can be mispriced or might be less than ideally tailored for these firms. The policies are backstopped by Munich Re , which is among the largest re-insurers in the world. Many founders are operating their businesses, from day one, with the ambition of entering an international setting.

Policies 191

Policies California United States Management 191

PYMNTS

JANUARY 29, 2018

For the businesses that are aware, a bit more than a quarter said they’ve made changes to their operations in order to comply with the new rules aimed at data privacy and security. In a statement, the Secretary of State for Digital, Culture, Media and Sport, Matt Hancock, said the survey is intended to boost awareness of the rules.

Cyber Security 112

Cyber Security Survey Regulation Security 112

PYMNTS

SEPTEMBER 11, 2019

“In focusing on innovation, we want to examine how we can focus more industry and government resources on priority areas of national security and high-value illicit crimes.”. El-Hindi made it clear that he doesn’t want to sacrifice innovation in pursuing anti-money laundering (AML) and other anti-illicit policies.

social media 116

social media Compliance Innovation Regulation 116

PYMNTS

SEPTEMBER 24, 2020

These types of payment flows made up 5 percent or more of the gross domestic product (GDP) for 66 countries in 2019, reaching as high as 20 percent of GDP in nations like Haiti and Nepal. . Maintaining compliance with these important regulations can be challenging, but FIs cannot afford to slip up. The Cost of Compliance .

Compliance 223

Compliance Tools Fraud Regulation 223

PYMNTS

NOVEMBER 18, 2020

Delivering funds smoothly to employees in different nations is therefore essential, and it may require firms to migrate from paper checks to digital tools, especially those that suit the needs of employees who do not have bank accounts. Find more about these and all the rest of the latest headlines in the Tracker ®.

Mobile 220

Mobile Payments Cards Retail 220

PYMNTS

SEPTEMBER 30, 2019

We here at PYMNTS will leave it to others to hash out the truths of that view, but here is one thing we know: All that stuff is creating a tremendous opportunity for self-storage operators, especially those who know how to get the attention of younger consumers. Some of the most popular spaces are garages,” he said.

Policies 117

Policies Millennials Industry Operations 117

PYMNTS

JUNE 23, 2017

In the vein of ransomware attacks that crippled the National Health System earlier this year, the University College attack locked campus computer systems and threatened to install damaging software if users didn’t pay up. Systems were infected June 14, and normal operations did not resume until June 20. But those are the sexy ones.

San Antonio 163

San Antonio Policies Security System 163

Abrigo

NOVEMBER 18, 2019

Key Takeaways Cannabis-related businesses operate in high cash volumes, creating a public safety concern. CRBs operate with high levels of cash, with many of them currently cash-only businesses. The Secure and Fair Enforcement (SAFE) Banking Act of 2019, H.R. Why is the SAFE Banking Act important? What is the SAFE Banking Act?

Regulation 150

Regulation Community National Operations 150

Abrigo

JUNE 19, 2022

Takeaway 1 The ELE tool for CECL from the Fed is aimed at reducing the operational burden of implementation ahead of the 2023 deadline. . Pronounced “Ellie,” the ELE tool for CECL is aimed at reducing the operational burden on smaller financial institutions and will support implementation, she added.

Tools 195

Tools Regulation Data Resources 195

PYMNTS

APRIL 15, 2020

China is a notoriously challenging jurisdiction for foreign payment service providers to operate as the nation prioritizes local industry leaders. If you have an account, you never know if the bank may decide to change internal policies and shut you down.” ” The M&A Route. “We can clear it locally.”

Payments 190

Payments Innovation National Marketing 190

CFPB Monitor

APRIL 25, 2022

The January 2021 Operating Agreement . In January 2021, the OCC granted Anchorage conditional approval for a national trust bank charter. The preliminary approval had requirements, including that Anchorage enter into an Operating Agreement with the OCC. The Consent Order.

Compliance 78

Compliance Digital Banking Training South Dakota 78

PYMNTS

MAY 23, 2017

That comes care of cyber security firm Symantec, which confirms its researchers found multiple links between early versions of WannaCry and the code in previous outings by the North Korea-backed hacking group. North Korea is the likely culprit behind the WannaCry cyber attack that managed to infect 300,000 computers worldwide.

Cyber Security 108

Cyber Security Groups Security Bitcoin 108

FICO

JULY 31, 2019

Where does the vendor operate (e.g., Tools such as the ABC National Risk Score in the US, which provides a general rating of cyber risk for benchmarking, and the FICO® Cyber Risk Score, which provides company- specific metrics, may be leveraged in combination to provide a directionally correct view of relative risk. regions, cloud)?

Cyber Security 70

Cyber Security Management Security Risk Management 70