Abrigo

APRIL 6, 2022

New Rule Outlines Computer-Security Incident Notification Obligations for Banks Financial institutions and their service providers should prepare to meet new computer-security notice requirements by May 1, 2022. . Computer-security incident notifications required. Expand and Clarify.

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PYMNTS

SEPTEMBER 28, 2020

Banks, businesses and consumers fundamentally altered how they interacted with each other in the early months of the COVID-19 pandemic — and regulators tasked with making sure their data and payments are kept safe took notice. Why Pandemic-Driven Online Payment Spikes Are Pushing Middle Eastern Regulators To Confront Privacy Questions.

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PYMNTS

MAY 8, 2020

Online gambling or gaming is one possible outlet, and the sector may even make it through the pandemic with less financial damage than other industries. Online Gambling Changes . The pandemic is sweeping through an already critical year for online betting. Such sites are expecting major growth in the U.S.,

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PYMNTS

JANUARY 19, 2021

Cannabis software and delivery firm Blackbird is working with FinTech AeroPay to bring cashless payments to the cannabis industry, according to a press release emailed to PYMNTS. Blackbird customers will have access to an online pre-pay option for ordering items for delivery or curbside pickup.

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PYMNTS

AUGUST 10, 2018

Business software company Intuit has secured a patent for bitcoin payment processing, according to Coindesk reports on Thursday (Aug. Intuit, which operates the business accounting software tool QuickBooks, has also been focusing on its payments service since launching Intuit Payments several years ago.

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PYMNTS

JANUARY 19, 2021

Cannabis software and delivery firm Blackbird is working with FinTech AeroPay to bring cashless payments to the cannabis industry, a press release says. The partnership will consist of an integration between AeroPay's payment platform into Blackbird's white-label dispensary menus and the BlackbirdGo cannabis marketplace.

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PYMNTS

APRIL 30, 2020

The startup Flutterwave , which picked up $35 million last year in venture funding, has launched an online portal that will enable African businesses to set up online shops. The company said it would focus on making it easier for African businesses to make payments to other companies, both on the continent and elsewhere.

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PYMNTS

AUGUST 7, 2020

India has seen a steady stream of digital payments since it locked down to prevent the spread of COVID-19 , but the nation of 1.3 billion suffers from either a lack of internet or low-speed service, preventing many residents from taking part in touchless payments. Four years ago, India launched its Unified Payments Interface (UPI).

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PYMNTS

MARCH 31, 2017

Global online discount apparel marketplace ZAFUL, based in China, recently announced new upgrades to its payment protocols and SSL checkouts to boost the security of its eCommerce system and grow confidentiality for its individual shoppers. These new upgrades make it easier to shop and also offer more payment options.”.

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PYMNTS

OCTOBER 21, 2020

At the start of this year, online commerce trends were following a similar trajectory to 2019: eCommerce sales were steadily growing, but they were still a fraction of those at brick-and-mortar stores. Then came the COVID-19 pandemic, triggering a massive shift online as stores closed and consumers grew wary about venturing out.

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PYMNTS

FEBRUARY 17, 2020

Dallas-based busing line Greyhound is all too familiar with such problems, prompting it to implement advanced learning technologies to secure ticketing. Our number one goal was making sure that process was as frictionless as possible while making sure that we [offered] a fully secure process.”. Overcoming legacy systems.

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PYMNTS

MARCH 1, 2019

Cybersecurity returned to the top of the B2B startup investment list as three companies in the enterprise security realm landed nearly half of the $246 million in B2B venture capital this week. Cequence Security. Also operating in the enterprise security space is Cequence Security, based in California.

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PYMNTS

JUNE 9, 2020

Rising frustration over online payment transaction limits , security and data privacy have begun to crop up now that consumers and merchants are settling into the new normal, showcasing just how rapidly the banking world is changing. are using contactless payments , for example — a touch-free payment method.

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PYMNTS

MAY 16, 2019

Death, taxes and data breaches – those are perhaps the only sure things in life, and new evidence is emerging that hackers are finding increasing profit in targeting online retailers. The news comes amid yet another online retail cyberattack, this one targeting Japan’s Fast Retailing, the company that owns the Uniqlo retail chain.

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PYMNTS

JUNE 29, 2020

The pandemic has drastically affected how consumers are shopping and paying for even routine purchases, and this in turn has altered how businesses are accepting their payments. The health crisis has brought about changes to this rule, however, and these may have long-term implications for payment standards and regulations.

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PYMNTS

JULY 27, 2020

Online marketplaces have been essential for companies and consumers who want to transact under stay-at-home mandates, but these platforms need formidable security approaches in place to prevent fraudulent sellers from joining or scams from occurring. 109%: Rise in volume of online orders placed with U.S.

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PYMNTS

NOVEMBER 19, 2020

A sitting member of the Monetary Policy Committee, Haldane said that introducing a digital currency could lead to something closer to “narrow banking,” where safe payments are separated from “banks’ riskier credit-provision activities.”. The future of digital currencies, Haldane said, is uncertain and most likely varied. “If

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PYMNTS

OCTOBER 15, 2020

Stripe is acquiring Paystack , a company that says it processes more than half of online payments in Nigeria. More than 60,000 businesses in Nigeria and Ghana use Paystack to securely collect online and offline payments, launch new business models, and deepen customer relationships.

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PYMNTS

JANUARY 23, 2020

The European Union’s long-anticipated 5th Anti-Money Laundering Directive (5AMLD), which modernizes security rules to reflect the needs and threats facing today’s economy, took effect in mid-January, and its impacts are already being felt across the payments space. Fiat-focused digital wallets must also boost their security.

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PYMNTS

SEPTEMBER 29, 2017

PingPong Financial Group , a Chinese FinTech company, has received a Payment Institution (PI) license from the government of Luxembourg. Through its Platform Payouts product, PingPong aims to reduce both the time and costs for Chinese internet sellers to receive international payments from eCommerce platforms in their local currency.

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Security Payments Fintech United States 129

PYMNTS

DECEMBER 16, 2020

B2B transactions are increasingly shaking free of paper-based methods as companies have moved operations online this year. The December CFO’s Guide To Digitizing B2B Payments examines why virtual cards' foothold in the B2B commerce space is growing and how straight-through processing tools can further remove frictions.

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PYMNTS

OCTOBER 1, 2020

In today’s top news, SWIFT launched a service for low-value cross-border payments, and the U.K. Plus, Amazon is expanding its Singapore operations. SWIFT Launches Service For Low-Value Cross-Border Payments. SWIFT, a global provider of secure financial messaging, announced a new service Thursday (Oct.

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Payments Operations Fintech Compliance 172

Bank Innovation

FEBRUARY 21, 2019

Keeping your money in a bank is common sense at this point, but online banking is – unfortunately – not something many people have grown accustomed to, yet. There are many benefits to explore in this area, and it’s not a bad idea to check out what some online banking services can do for you […].

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PYMNTS

OCTOBER 22, 2020

As has historically been the case with commerce security upgrades that roll in by government mandate, the path to European Union adoption of 3D Secure 2.0 That’s a path that McCutcheon said will have challenges, but perhaps fewer than we’ve seen in the recent history of security upgrades. also known as “3DS 2.0” Why 3DS 2.0

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PYMNTS

JANUARY 29, 2019

For payments and commerce , there’s another uncertainty that hangs in the air: Will legal online sports betting keep going forward, despite a recent decision by the U.S. In the meantime, what should businesses that want to operate in that new world do besides sit around and wait? “The More about that in just a bit, though.

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PYMNTS

DECEMBER 7, 2020

Adflex has unveiled a new initiative aimed at boosting supply chain merchants’ ability to accept card payments from buyers as eCommerce booms amid the coronavirus crisis. Patrick Bermingham , CEO of the B2B payments specialist, said in a Monday (Dec. With Payment Links Adflex has redressed the balance.”.

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PYMNTS

JUNE 20, 2019

Though they may work as far as the other side of the world, remote workers still expect the same level of security, trust and speed in payments. Employers are, therefore, more heavily reliant on digital tools and technologies to accommodate this new online workforce. Around the Payments and the Platform Economy.

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Payments Online Case Study Security 147

PYMNTS

OCTOBER 22, 2020

In today’s top payments news around the world, Swedish peer-to-peer (P2P) lending upstart Lendify has reportedly secured $115 million of funding, while international trade platform Contour has teamed with information technology (IT) solutions firm Mphasis. Swedish Startup Lendify Closes $115M Funding Deal.

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PYMNTS

JUNE 19, 2020

Merchants looking to expand their operations at home and abroad must be able to support their customers’ preferred payment methods, but doing so is no easy feat. Around The Payments Orchestration Ecosystem. For more information on these stories and other payments orchestration headlines, download the Playbook.

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Payments Compliance Resources Fraud 188

PYMNTS

OCTOBER 1, 2020

The pandemic has exposed the pain points of all verticals when it comes to payments, and especially when it comes to transacting in person, in a tactile environment, with cash, and where banking conduits are limited. Those benefits can extend to users in the form of cost savings tied to payments and processing, or speedier processing times.

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PYMNTS

OCTOBER 6, 2020

Keeping customers' digital payment data safe and secure is a critical part of doing business in the digital economy, and following Payment Card Industry (PCI) compliance guidelines is an effective way for firms to accomplish this. Carlson pointed to HealPay’s over-the-phone card payment compliance offerings as an example.

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Compliance Meeting Payments Cards 178

PYMNTS

JULY 25, 2017

Within the retail industry specifically, artificial intelligence (AI) is moving the ball for a lot of merchants looking to not only streamline their business operations but provide a more personalized experience for consumers. In 2016, online financial fraud hit 15.4

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PYMNTS

OCTOBER 30, 2020

Those efforts have reduced the threat of fraud at physical payment terminals, but many consumers are now shifting to shopping digitally. Shoppers who make payments using digital wallets are protected by tokenization , which gives merchants one-time identifier codes to verify transactions rather than card details.

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PYMNTS

AUGUST 9, 2019

In other security news, phone numbers can provide a treasure trove of information about a consumer who is trying to open an account with an online merchant, onboard to an online service or sign up for a new banking account. billion: Approximate cost of SCA noncompliance for the European online community.

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PYMNTS

SEPTEMBER 3, 2020

Only 26 percent of all consumer payments are made in the U.S. Beyond the wholesale shift to digital payments, Cole told PYMNTS in a recent interview, there are pockets of growth that are seeing more digital acceleration than others as lockdowns linger and businesses reopen on a staggered basis. The Demographics .

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PYMNTS

OCTOBER 14, 2020

To that end, Ken Gavrity , head of enterprise payments at KeyBank , told Karen Webster that companies must re-examine the most basic operations in order to stay afloat and maybe even thrive – or face existential threats as they mull the great digital shift. Looking at Working Capital – and Security.

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PYMNTS

JUNE 4, 2020

B2B payments are rife with frictions, including high processing costs, slow transaction times and industry players’ reluctance to embrace electronic payments in lieu of paper checks. Ensuring such payments are secure from bad actors is a priority for the banks that process them. Benefits Of APIs .

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