PYMNTS

OCTOBER 13, 2017

When the impact stretches across oceans, nations and demographics, though, and those affected number in the hundreds of millions, a sea change is a-swelling. How should they adjust to a new reality in which the data they are presented looks legitimate but may be stolen? Equifax brings a few key questions to mind.

Industry 144

Industry Security eBook Data 144

PYMNTS

OCTOBER 13, 2017

Foreign property buyers appear to have gotten that message, if research from the National Association of Realtors (NAR) is any indication. The nation, notably the areas of Toronto and Vancouver, is seeing a high influx of buyers purchasing properties due to the region’s low interest rates. Global Real Estate Bargain Shopping.

California 171

California National New Jersey Report 171

PYMNTS

NOVEMBER 7, 2016

Last week, the Fed’s Secure Payments Task Force called for comment from industry stakeholders about what challenges they face when it comes to payments security. “The Secure Payments Task Force is particularly interested in understanding any barriers that may exist to implementing the planned solutions.”

Security 193

Security Payments Survey Innovation 193

Abrigo

JULY 21, 2021

As part of the Financial Crimes Enforcement Network’s (FinCEN) first national priorities list for anti-money laundering and countering the financing of terrorism (AML/CFT) policies, one important priority continues to be detecting, reporting, and preventing terrorist financing. Stay up-to-date on the latest FinCEN priorities.

Training 195

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Insights on Business

FEBRUARY 13, 2019

Gary Meshell, WW Leader Financial Services, IBM Security, opened his IBM Think 2019 talk, How Financial Services Companies Should Respond to Cyber Security Attacks with a bold assertion and truism. IBM and TD Bank jointly developed cyber security incident response solution for the financial services industry. Insider risk.

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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.

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Boston Retail Meeting Maine 227

PYMNTS

DECEMBER 2, 2019

Looking back at 2019, and at cryptocurrencies, we may well make the declaration that fraudsters got a lot more brazen … which may mean 2020 is the year lawmakers and regulators clamp down through a global, concerted effort to root out financial crime. But beyond the sales pitch, technology, too, can be an aid to a crime. A Grander Stage.

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PYMNTS

MARCH 19, 2019

Hood said he wants all the major tech companies to adopt practices similar to the European Union’s General Data Protection Regulation (GDPR). While he would rather the companies present their own proposals on how they plan to implement those regulations, his office is preparing the lawsuit that could lead to a settlement. “At

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Mississippi Google Arizona Regulation 156

PYMNTS

SEPTEMBER 17, 2020

In notes on its most recent (August) meeting of the bank’s Payments System Board, the members said that “at present there is not a strong public-policy case for issuance in Australia, given that the electronic payments system in Australia compares very favorably with those in many other countries and access to cash remains good.”.

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Policies Boston Examples ATM 181

PYMNTS

JUNE 24, 2020

Those less tech-savvy individuals represent juicy targets for fraudsters, who have been fine-tuning card-not-present (CNP) schemes to work across all manner of channels during the pandemic as we wield smartphones to make transactions or bank over the phone. Ready or not. But KYC has become a true specialty field at the moment.”.

Fraud 262

Fraud Security Cards Course 262

Independent Banker

DECEMBER 31, 2022

Multiple re-presentment fees. The FDIC issued guidance about the consumer compliance risks associated with assessing NSF arising from the re-presentment of the same unpaid transaction. In 2022, the House Energy and Commerce Committee passed a national data privacy bill, but the bill did not receive a vote on the House floor.

Compliance 100

Compliance FDIC Community Bank Community 100

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.” Responsible Innovation “.

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cryptocurrency Innovation DC National 146

Abrigo

AUGUST 31, 2023

Uncommon client situations present themselves more often than they used to, and the circumstances presented may need more procedural guidance. Positive, open communication provides comfort and connections to your customers while obtaining critical insights, thus bolstering your institute’s risk assessments.

Compliance 195

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PYMNTS

JANUARY 19, 2018

Fizzle of the Week: Cryptocurrency Regulation. The saga over bitcoin and its relationship to various regulators has become something of the payments answer to a romantic comedy. But the idea that regulators can wave a wand and make bitcoin go away? Easy come, easy crypt-go, it seems. They may have some luck. As for next week?

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Bitcoin Regulation cryptocurrency Taxes 123

PYMNTS

FEBRUARY 19, 2019

The new regulations state that these futures exchanges and clearing houses need to have paid-up capital of at least 1.5 They must also have a “good level of system security,” employ at least three employees who are Certified Information System Security Professionals (CISSP), and undergo a risk assessment process.

Bitcoin 164

Bitcoin blockchain cryptocurrency Capital 164

PYMNTS

JANUARY 29, 2018

finds companies are unprepared for the upcoming General Data Protection Regulation (GDPR). 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. A new report released in the U.K.

Cyber Security 112

Cyber Security Survey Regulation Security 112

PYMNTS

MARCH 30, 2020

To that end, Chief Information Officer Dave Stafford and Chief Information Security Officer David Bryant of PSCU , a credit union service organization, told PYMTNS that trust and collaboration are key among the efforts to protect consumers. We don’t require regulation to drive a good cybersecurity program,” he told PYMNTS.

Tools 143

Tools Fraud Data Security 143

PYMNTS

DECEMBER 2, 2019

Looking back at 2019, and at cryptocurrencies, we may well make the declaration that fraudsters got a lot more brazen … which may mean 2020 is the year lawmakers and regulators clamp down through a global, concerted effort to root out financial crime. But beyond the sales pitch, technology, too, can be an aid to a crime. A Grander Stage.

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cryptocurrency National Fraud Security 101

PYMNTS

JUNE 16, 2018

Russia’s corporate treasurers are working with the nation’s central bank on a blockchain initiative, reports in CoinDesk said Friday (June 15). Russia’s FinTech Association and 14 of the nation’s largest banks collaborated on the development of Masterchain, reports noted, citing a white paper.

blockchain 113

blockchain National New York cryptocurrency 113

Independent Banker

MARCH 31, 2022

“I’m so inspired by the professionalism, integrity and commitment of our executive committee and board of directors as we work together to serve the needs of community bankers across the nation,” says Terry Jorde, ICBA senior executive vice president and chief of staff. ICBA president and CEO Rebeca Romero Rainey echoes this sentiment.

Community Bank 239

Community Bank Community Industry Texas 239

CFPB Monitor

MAY 12, 2021

The Fed’s final rule implementing the Durbin Amendment (Regulation II) went into effect in October 2011. Regulation II capped the interchange fee received by large issuers (with $10 billion or more in assets) to 21 cents plus 0.05% of the transaction. Proposed Amendment to Regulation II.

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North Dakota Cards Regulation Fraud 78

Perficient

JULY 11, 2022

I used Afterpay for the shoe purchase because it allowed me to not take as big of a hit to my bank account at a time when I had more expenses than usual occur all at once so that I could feel more financially secure as I awaited my next paycheck. And, I didn’t have to pay interest, so I’d say Afterpay worked out for me well in this instance.

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PYMNTS

SEPTEMBER 7, 2020

The Australian Services and Investments Commission (ASIC) has banned John Louis Anthony Bigatton, who was the Australian national representative for crypto platform BitConnect, from engaging in financial services for the next seven years after he was found to be engaging in deceptive practices, a report from Financial Standard finds.

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Bitcoin Fraud Payments cryptocurrency 132

PYMNTS

FEBRUARY 26, 2019

Meanwhile, South Korean cryptocurrency exchange Coinbin has declared bankruptcy after losing millions of dollars due to “increased debt” and “government regulation.” A group of central securities depositories (CSDs) in Europe and Asia are looking to work together “on infrastructure to custody digital assets.”

Bitcoin 109

Bitcoin blockchain Report cryptocurrency 109

Abrigo

SEPTEMBER 20, 2023

Given the current economic climate in the United States, it is essential to understand the effect personal financial security has on 1 st -party fraud. Recognizing the gravity of the situation, the Financial Crimes Enforcement Network (FinCEN) identified fraud as a national priority. Staying on top of fraud is a full-time job.

Fraud 195

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PYMNTS

NOVEMBER 21, 2018

By its very nature, the market of cross-border payments presents a significant opportunity for financial authorities around the world to collaborate as they make it easier for money to move between each others’ markets. times global GDP in 2016.

Payments 123

Payments Innovation National System 123

Abrigo

SEPTEMBER 22, 2021

PCD Disclosures Some disclosures are the same, but disclosures tied to PCD accounting and AFS debt securities are changing under CECL. I think it’d be wise for institutions to take that advice to heart,” said Graham Dyer, Partner in the National Professional Standards Group of Grant Thornton LLP. Learn more. Learn more. Learn more.

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Security Examples National Report 195

Abrigo

JULY 1, 2021

By Vanessa Russell, Founder and Executive Director of Love Never Fails According to the National Human Trafficking Hotline , working in the financial industry provides you the opportunity to report suspicious behavior involving 92% of the various types of human trafficking. BSA Rules and Regulation. Let’s keep it going! BSA Training.

Training 370

Training Conference Community Video 370

PYMNTS

SEPTEMBER 20, 2018

For financial services, that means trust in DLT could present a speed bump in adoption despite the industry’s rising adoption of the solution. In China, eCommerce giant JD.com launched the nation’s first blockchain business license in collaboration with the Administration for Industry and Commerce of Suqian.

blockchain 188

blockchain Innovation Tools Survey 188

PYMNTS

NOVEMBER 12, 2018

And Venezuela is trying to lure the world’s oil markets to start using its national cryptocurrency, the petro. Petro will become the digital currency of oil transactions worldwide; we will present it to OPEC, it is one of the internationalization measures of the currency,” Quevedo said in a news clip posted on Twitter.

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Abrigo

APRIL 30, 2020

Key Takeaways Federal and state banking regulators have eased coronavirus workout pressures. 1, 2020, and the earlier of 60 days after the termination of the National Emergency, or Dec. Present-value recovery for the financial institution can inform an argument that the new terms do not represent a concession.

Strategy 195

Strategy Meeting Software National 195

PYMNTS

NOVEMBER 5, 2019

Consumers are normalizing the use of digital identifiers, such as biometrics or passwords, rather than presenting physical identity documents like driver’s licenses or passports. Increased technology adoption brings along additional security concerns, however. Developments From Around The Digital ID World.

Data 101

Data Fraud Security Trends 101

PYMNTS

SEPTEMBER 18, 2020

The firm, in addition to KPMG, EY and PwC, had been cautioned by regulators that their companies had to break off their consulting divisions from their audit arms. A number of these schools had to make quick changes to their onboarding procedures as they encounter the safety and wellness risks presented by the coronavirus. In the U.S.,

Fraud 141

Fraud Apple California Innovation 141

CFPB Monitor

NOVEMBER 29, 2021

Federal banking regulators have been busy in this space. In the Joint Statement, the Agencies state that they “recognize that the merging crypto-asset sector presents potential opportunities and risks for banking organizations, their customers, and the overall financial system.” Ancillary custody services.

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Compliance cryptocurrency Regulation FDIC 78

Abrigo

SEPTEMBER 10, 2021

October 26 is now nationally recognized as BSA/AML Day.) Regulatory scrutiny became ever-present, knowing that the security of their homeland was at stake. BSA Rules and Regulation. BSA Rules and Regulation. Learn More. Remembering 9/11 – A Pivotal Day for BSA/AML Professionals. Learn More. BSA Training.

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PYMNTS

FEBRUARY 7, 2020

At present, Edwards said, there’s a bit of a disconnect between the way consumers would like to be paid and the way businesses are actually paying them. But this fallback option (less secure though it may be) will disappear, said Edwards, as authentication methods improve on the digital front. The Check as Fallback.

Payments 164

Payments Data System Security 164

PYMNTS

MARCH 22, 2019

Biometric authentication capabilities built into smartphones allow users to secure the information related to these personas, too. The country’s national Aadhaar system has already issued unique 12-digit ID numbers to more than 1 billion residents since its launch in 2008, a figure that includes almost the entire Indian population.

National 150

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