PYMNTS

DECEMBER 23, 2019

The same framework should be in place to improve technology used by regulators in efforts to strengthen supervision throughout the industry, the think tank also says. We should not deify artificial intelligence as it could go wrong just like any other technology,” Gang said. billion by 2023, up from an estimated $4.5 trade war.

Regulation 202

Regulation Groups Policies Big Data 202

PYMNTS

OCTOBER 14, 2020

Given today’s realities, adding more technology options is even more critical to ensuring faster payments across the globe," Thelen said, according to the release. The firm has also worked with the National Bank of Fujairah PJSC (NBF) in order to enable them. This isn't Ripple's first foray into cross-border payments.

Payments 286

Payments blockchain Regional America 286

South State Correspondent

JUNE 14, 2024

Banks often lack a technology architecture plan and are channeled down dead-end streets. Bankers don’t know what they don’t know, and few bankers outside of national and regional banks have experience with platform selection when it comes to digital banking platforms. Part of this problem is deficiencies in vendor selection.

Digital Banking 195

Digital Banking Customer Experience Meeting Analytics 195

PYMNTS

FEBRUARY 6, 2020

technology by “any means necessary” and that there are about 1,000 related investigations currently ongoing in the country, through its 56 regional offices, according to a report by Reuters. . based technology in all 56 of our field offices and spanning just about every industry sector,” Wray said. William Evanina, a senior U.S.

United States 151

United States US National Fraud 151

PYMNTS

JUNE 14, 2019

Smart technology is unlocking supply chain efficiencies, providing emergency alerts and much more. But despite intelligence of things (IoT) solutions being put to use in many cases, the field continues to be hampered by security issues. New security threats are emerging, too. Around the IoT World.

Regulation 161

Regulation Security Technology Survey 161

PYMNTS

JANUARY 31, 2020

We have deep dives into virtual card adoption and self-service technology, as well as a report on Kobe Bryant’s legacy. Bank client preferences have moved toward self-service technologies over branch visits in recent years because of ease of use and improved convenience. FICO’s Take on Debit Security.

Cards 131

Cards Technology social media Meeting 131

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

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. But beyond the sales pitch, technology, too, can be an aid to a crime. citizen and Singapore resident, was arrested for traveling to North Korea and delivering a presentation.

Fraud 130

Fraud Report cryptocurrency National 130

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

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

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

PYMNTS

AUGUST 24, 2020

To protect businesses, security experts urge anyone who receives such a request to double- and triple-check with whomever made the initial request. Tessian Co-founder and CEO Tim Sadler warns that this has created an ideal environment for cyberattackers wielding a quickly emerging technology: deepfakes. The Pandemic's Security Impact.

Video 152

Video Strategy Security Meeting 152

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.

Security 159

Security National Wyoming Idaho 159

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. The first EMV card was developed in 1994, but the technology did not begin circulating worldwide until the new millennium.

Fraud 131

Fraud Cards Retail Security 131

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

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

JULY 27, 2018

intelligence experts are warning of the risks of major cyberattacks on the technology operating throughout businesses’ supply chains, according to BBC reports Thursday (July 26), raising alarms for enterprises that increasingly rely on software to function and interact with their business partners. A report by the U.S.

Community 104

Community US Software National 104

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

PYMNTS

JANUARY 22, 2020

In an interview with CNBC on the second day of the World Economic Forum , JPMorgan Chase CEO Jamie Dimon warned that sovereign debt presents a risk, saying it is among the “only” areas where financial bubbles have taken shape. An agreement among OECD countries would spur France to end its national digital tax. “We

Taxes 131

Taxes Regulation Conference National 131

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. But beyond the sales pitch, technology, too, can be an aid to a crime. citizen and Singapore resident, was arrested for traveling to North Korea and delivering a presentation.

cryptocurrency 101

cryptocurrency National Fraud Security 101

South State Correspondent

MARCH 21, 2023

ERC Assist provides clients with a technology platform that showcases bank innovation and demonstrates the bank is forward-thinking. Currently, there are only a few established national brands processing ERC at scale (CPAs will do it for you on a one-off basis). ERC Assist also serves to differentiate your bank from competitors.

Taxes 195

Taxes Community Bank Community Operations 195

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 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

JUNE 13, 2019

In early May, Mastercard , in partnership with SEDESSON, the Mexico state agency for social benefits, and Edenred Bank, announced a first-of-its-kind test in Mexico’s Sonora state – the first regional test of biometric card technology in national history. In the U.S. The Challenge of Building the Right Card for the Job.

Cards 187

Cards Security United States Technology 187

PYMNTS

APRIL 3, 2019

Everex, which traces its genesis to 2016, has focused on distributed ledger technology for cross-border payments. Separately, in other company news, Canadian FinTech Buckzy Payments announced its launch earlier this week, eyeing international payments through what it has termed a “safe, secure and convenient ecosystem.”.

blockchain 231

blockchain Payments United States Innovation 231

PYMNTS

FEBRUARY 19, 2019

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. Germany has launched a consultation process aimed at learning how to fully utilize blockchain technology, according to Reuters.

Bitcoin 164

Bitcoin blockchain cryptocurrency Capital 164

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

Abrigo

OCTOBER 28, 2021

Once completed, the risk assessment should be something that a BSA professional would present to the Board, executive management, and other stakeholders such as IT security. However, when we're talking about national security, terrorist financing, cyber-attacks shutting down the economy, halting the U.S.

Video 195

Video Fraud Training Analysis 195

PYMNTS

AUGUST 10, 2016

In order to combat rising threats to its national security, Australian government officials announced the launch of a cyberintelligence unit tasked with identifying financing, money laundering and online financial fraud related to terrorism. Reuters reported on Tuesday (Aug. ”

Payments 100

Payments National Analysis Security 100

PYMNTS

JULY 22, 2020

The government’s experience in disbursing stimulus funds via paper check and direct deposit offered a chance for those in the digital disbursements technology arena to learn from the government’s successes and mistakes, according to Lisa McFarland , executive vice president and chief product officer at Ingo Money.

User Experience 141

User Experience Security Technology Data 141

PYMNTS

APRIL 4, 2019

Massachusetts Institute of Technology announced in a letter to colleagues that it will no longer collaborate on any new projects with Huawei, ZTE or any units of the two Chinese companies. The call on the part of MIT comes as tensions between China and the U.S. are heightened amid a trade war that has hurt both countries’ economies.

Minnesota 108

Minnesota Massachusetts National California 108

PYMNTS

NOVEMBER 12, 2018

In other news, Malaysia’s Ministry of Education announced that it has formed a new consortium of universities that will use blockchain technology to prevent the issuance of fake degree certificates. And Venezuela is trying to lure the world’s oil markets to start using its national cryptocurrency, the petro.

Marketing 179

Marketing cryptocurrency social media blockchain 179

PYMNTS

AUGUST 11, 2019

Bill S2297 explained that the task force will study potential uses for blockchain technology on the state and local level, with an emphasis on medical records, land records, banking, and property auctions as potential applications. New Jersey ’s governor has signed a bill to implement a Blockchain Initiative Task Force.

blockchain 137

blockchain Bitcoin NJ New Jersey 137

PYMNTS

JANUARY 29, 2019

prosecutors have filed criminal charges against China’s largest technology company, accusing it of stealing trade secrets and committing bank fraud. government charged Huawei Technologies , two affiliated companies and chief financial officer Meng Wanzhou with bank and wire fraud, as well as conspiracy in connection with business in Iran.

Fraud 130

Fraud Washington New York Conference 130

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.

Fintech 474

Fintech Trends South Dakota Apple 474

PYMNTS

JUNE 26, 2020

The Bank of China is one of over 12 commercial banks that lent to the German payment through a facility, and the move could present a mortal danger to Wirecard. The central bank of Brazil has reportedly halted WhatsApp’s payment functionality in the nation, pointing to antitrust concerns. Mastercard Inc.

Apple 231

Apple Payments Meeting Conference 231

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. A press release published last week by gov.uk highlighted a government survey that found only 38 percent of businesses have even heard of GDPR.

Cyber Security 112

Cyber Security Survey Regulation Security 112