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

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

MARCH 16, 2017

One of those charged, Karim Baratov, a 22-year-old Canadian and Kazakh national, was arrested in Canada on Tuesday. Two agents of Russia’s Federal Security Service — Dmitry Aleksandrovich Dokuchaev, 33, and Igor Anatolyevich Sushchin, 43, both Russian nationals and residents — were also charged.

San Francisco 116

San Francisco National Fraud Data 116

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.

Cyber Security 137

Cyber Security Security Exercises social media 137

PYMNTS

DECEMBER 20, 2018

has lowered its security deposits that go to Visa and Mastercard, reported RT.com. The report noted security deposits are often used to show lenders a bank can meet its debt obligations. “We Security deposits are still presented in the payment systems, so we deliver on our commitments.”. percent from 17.5 percent from 12.6

Security 115

Security System Report Cards 115

PYMNTS

APRIL 9, 2020

BuySpeed has the only license to keep, improve and market the commodity/services code of the National Institute of Governmental Purchasing (NIGP). In separate security news, a Bluetooth security flaw was discovered in August that could leave the data of users unprotected and susceptible to hackers.

Texas 268

Texas Security Software National 268

PYMNTS

SEPTEMBER 30, 2019

Our customers increasingly rely on us to provide solutions that help make their systems safer and more secure,” said Johan Gerber, executive vice president, security and cyber innovation, Mastercard. Threat Scan is part of our multi-layered security strategy to secure the payments ecosystem,” said Johan.

Boston 177

Boston Security System Cards 177

Abrigo

JANUARY 17, 2024

The United Nations estimates there are currently 40 million people enslaved around the world, and that one-quarter of them are children. The Texas Advocacy Project provides legal services and financial literacy courses for victims who need help achieving financial security.

Training 259

Training Community Software Texas 259

PYMNTS

DECEMBER 23, 2019

When it comes to securities, banking and other finance products which are employing technology such as a facial recognition or big data analytics, technologies to regulate that intelligent finance have lagged behind AI development, according to a report by the China Finance 40 Forum , a platform for finance policy research and academic exchange.

Regulation 202

Regulation Groups Policies Big Data 202

PYMNTS

MAY 19, 2020

Around 90 percent of users were Brazilian customers, although other nationalities were also present, including customers from Peru,” Sen told The Hacker News. to secure the two servers, The Hacker News reported. The leaked information also includes online payment account details with access for nearly 40,000 wirecard.com.br

Data 234

Data Branding National Cards 234

PYMNTS

OCTOBER 14, 2020

We entered into the relationship with Ripple because it presented Cambridge a great opportunity to use distributed ledger technology to reduce the amount of time it takes for customers to pay their overseas vendors,” he said, according to the release. “By This isn't Ripple's first foray into cross-border payments.

Payments 286

Payments blockchain Regional America 286

PYMNTS

JULY 3, 2020

Banks’ security efforts depend on analyzing consumers’ transaction histories to gain firm understandings of their normal behaviors, enabling financial institutions (FIs) to spot unusual activities that could suggest fraudsters are involved. You’re really wanting to start with almost a brand new transaction history.” .

Fraud 180

Fraud Cards Tools Florida 180

PYMNTS

DECEMBER 2, 2019

It’s no secret that privacy and security are the prisms through which authorities have looked, and are looking, at Libra and other digital coins. Last week, a Slovakian security firm, Eset, found that crypto mining malware — distributed through YouTube — has infected half a million devices and helped grab coins. A Grander Stage.

Fraud 130

Fraud Report cryptocurrency National 130

PYMNTS

SEPTEMBER 24, 2020

Social Security numbers. A major factor in this decline has been the rise of improved authentication and security systems at banks like Axis. Axis’ onboarding system cross-references customers’ identifying information with India’s national identification number system, the world’s largest biometric identity program.

Video 205

Video Fraud Digital Banking System 205

South State Correspondent

FEBRUARY 22, 2024

For example, at present, return on equity performance is about 12% for the average community bank. 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. Securities add no long-term value while loans contribute about 10% ( HERE ) to value.

How To 195

How To Strategy Capital Lending 195

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

Training National Strategy Regulation 195

PYMNTS

FEBRUARY 27, 2019

A wide range of biometric solutions are being used to develop national identification systems around the world. Even though biometrics offer notable security advantages, they do come with risks. India began experimenting with the technology 10 years ago when it launched its national ID system, the Aadhaar program. A reported 3.6

Security 159

Security National Wyoming Idaho 159

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.

Boston 227

Boston Retail Meeting Maine 227

PYMNTS

FEBRUARY 6, 2020

At the end of 2018 , the United States Department of Justice (DOJ) said it was going to charge two Chinese nationals for a hacking campaign that affected multiple companies and the military, including 100,000 members of the U.S. William Evanina, a senior U.S. counterintelligence official, said China was especially trying to steal U.S.

United States 151

United States US National Fraud 151

PYMNTS

NOVEMBER 14, 2016

Some national and regional markets are more willing to accept AR than others. Businesses worldwide cited insufficient ROI, security concerns, lack of budget and lack of knowledge as the top barriers to adopting AR. Ninety-four percent of African businesses are concerned about AR security, for example.

Security 100

Security Regional Data Examples 100

PYMNTS

JUNE 14, 2019

But despite intelligence of things (IoT) solutions being put to use in many cases, the field continues to be hampered by security issues. The June IoT Tracker explores the latest advancements in IoT security and new applications of smart technology. New security threats are emerging, too. Get the full scoop in the Tracker.

Regulation 161

Regulation Security Technology Survey 161

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.

Fraud 262

Fraud Security Cards Course 262

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.”.

Policies 181

Policies Boston Examples ATM 181

PYMNTS

NOVEMBER 19, 2020

Visa will be working with the National Football League (NFL) on fully digital, cashless payments for the Super Bowl, a press release says. Visa also unveiled the “Visa’s Guide to Touchless Payments: A Key To The Return Of Live Events,” which is a step-by-step guide for leaders looking to apply touchless payments globally.

ATM 201

ATM America Cards Payments 201

PYMNTS

DECEMBER 20, 2018

20) that it’s bringing charges against two Chinese nationals for an alleged global hacking campaign that affected multiple companies and military branches, including 100,000 members of the U.S. The United States Department of Justice announced on Thursday (Dec. Navy, CNBC reported. The group stole from at least 45 U.S.

Company 164

Company United States National Fraud 164

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 “.

cryptocurrency 146

cryptocurrency Innovation DC National 146

PYMNTS

MARCH 12, 2020

Researchers think the hackers may have gotten access to almost 20 million payment card details, but they’ve tracked about 239,000 Card Not Present records back to the source. Earlier this year , all four of Greece’s main banks were forced to enact security protocols after a data breach, and 15,000 consumer cards were canceled.

Data 155

Data Payments Cards Maine 155

PYMNTS

DECEMBER 2, 2019

It’s no secret that privacy and security are the prisms through which authorities have looked, and are looking, at Libra and other digital coins. Last week, a Slovakian security firm, Eset, found that crypto mining malware — distributed through YouTube — has infected half a million devices and helped grab coins. A Grander Stage.

cryptocurrency 101

cryptocurrency National Fraud Security 101

PYMNTS

DECEMBER 12, 2019

Shrink costs retailers about $51 billion each year, according to a report from the National Retail Federation (NRF). Organized retail crime continues to present a serious challenge to the retail industry,” Bob Moraca, vice president of loss prevention at NRF, said in a statement. Thieves in Rochester, New York, for example, had $16.5

Atlanta 201

Atlanta Retail Study New York 201

PYMNTS

OCTOBER 9, 2020

euros (at least at present). And we’re not talking about the myriad of cryptos that have popped up hither and yon, offered by private companies across what is still a Wild West for issuance (with no real set of security principles, yet) and scattered use cases. Beyond that, national efforts are piecemeal.

National 175

National Boston Examples Course 175

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.

Bitcoin 132

Bitcoin Fraud Payments cryptocurrency 132

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. CUs can examine their strengths and weaknesses against CUs of the same size and see how they compare.

Tools 143

Tools Fraud Data Security 143

PYMNTS

JULY 25, 2017

In recent studies, as noted by EKN Research and Radial, developed nations are seeing an increase in card not present (CNP) fraud, which now accounts for as much as 70 percent of all card fraud and is growing at double-digit percentage rates in some nations. . the year before. Phishing follows close behind at 66 percent.

Fraud 120

Fraud Retail Cards National 120

South State Correspondent

FEBRUARY 28, 2023

Many community banks today are willing to underwrite real estate secured loans on just two metrics: debt-service-coverage ratio (DSCR) and loan-to-appraised value (LTV). Below is a graph showing national cap rates for all categories of real estate nationwide.

Lending 195

Lending Community Bank Community National 195

PYMNTS

FEBRUARY 20, 2020

Chinese firm Huawei Technologies is seen as being in the lead at present, as technologists in the West slog through issues around standards. We provide that network in the middle … [but] you need comprehensive IoT security architecture in any of those critical IoT environments.”. Smart Cities and 5G Threats.

Leadership 237

Leadership Technology Security California 237

PYMNTS

JANUARY 9, 2020

Chip cards have been heralded for their improved functionality and security, but they have still failed to address critical authentication problems, leaving retailers to bear the brunt of these vulnerabilities. percent of card-present transactions within the nation were conducted via EMV card between July 2018 and June 2019.

Fraud 131

Fraud Cards Retail Security 131