Unlimit secures online payment aggregator license in India
The Paypers
APRIL 25, 2024
Global fintech company Unlimit has secured an online payment aggregator license in the region of India, aimed to accelerate its worldwide expansion strategy.
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PYMNTS
OCTOBER 1, 2020
In regions where open banking and other electronic payments pilots are becoming common, such as the Middle East-North Africa (MENA) region, pandemic-era payments are all about privacy, security and trust, particularly in B2B transactions. Privacy Protection In The Spotlight. under the GDPR. Lessons From Abroad.
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PYMNTS
JANUARY 22, 2020
FinTech solution company Entersekt has upgraded its authentication technology in the DACH region of Europe, according to a release. The company recently announced that the software company Netcetera implemented the authentication system for Bank-Verlag, a company that makes and provides secure services for Germany’s banks.
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. Mobile and online payments are also on the rise for this same reason. and the EU.
PYMNTS
SEPTEMBER 28, 2020
One area where the pandemic may significantly impact emerging data protection and open banking rules is the Middle East and North African region (MENA). Saudi Arabia and the United Arab Emirates are attempting to square away increasing consumer use of online channels with their privacy and banking standards.
PYMNTS
SEPTEMBER 20, 2018
The firm’s Gladiator iPay Enterprise Security Monitoring (iPay ESM) tool is now live for financial institutions to monitor and mitigate the risk of fraud linked to online bill payment, the company said in a press release.
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.,
PYMNTS
NOVEMBER 14, 2019
American consumers have come to expect that the level of convenience and efficiency they receive from online banking will also extend to their physical banking experiences. Birmingham, Alabama-based Regions Bank is one such bank that is taking a digital-first approach as it seeks to remain competitive. A ROSIE future.
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.”.
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. Contrast Security.
PYMNTS
OCTOBER 4, 2019
That does not mean older verification methods are obsolete, however: Many companies still rely on knowledge-based authentication (KBA) methods like passwords or security questions, even in areas like business lending — where stringent verification is crucial. Another form of identity security is biometrics. About The Tracker.
PYMNTS
DECEMBER 17, 2020
In the December edition of the Digital Fraud Tracker® , PYMNTS explores the latest in the world of fraud prevention, including the expanding threat of promotion abuse fraud, holiday season cyb ercrime schemes retailers are facing and the new fraud-fighting initiatives from retailers, banks and third-party security companies.
PYMNTS
JUNE 28, 2018
But the recent thefts, along with other attempted and completed cyberattacks, demonstrate why payments officials in the region are expressing fresh concern about financial security there. Evidence of that comes from Swift’s Latin America Regional Conference , held earlier this month in Miami. Fraud is a Top Worry.
PYMNTS
APRIL 25, 2019
Security and the Homesharing Platform. Trust is essential when it comes to online booking, and if homesharing platforms can’t engineer that trust among its users, they won’t be able to compete. Tenants are also given relocation options if their accommodations don’t match what they saw online, Monteiro said.
PYMNTS
JUNE 19, 2018
Fraudulent activity is 81 percent more likely to occur online than at the physical point of sale. The reality is, online I can go from store to store to store and can test the limits of that credit card in a very aggressive manner,” Mills said. The job is made tougher by the fact that markets vary by region.
PYMNTS
SEPTEMBER 29, 2016
One of the unintended consequences in the rise of eCommerce is a related rise in cyberfraud attacks on online shoppers. Since its founding, Shape Security’s clients — which count among them two of the world’s top airlines, both the world’s largest banking and hotel chains, one of the top 10 retailers in the world and “one of the largest U.S.
The Paypers
JANUARY 15, 2019
(The Paypers) Mastercard has planned to introduce Digital Security Roadmap for companies based in Latin America to increase online payment security in the region.
PYMNTS
SEPTEMBER 17, 2020
Securities and Exchange Commission ( SEC ) filed an “emergency action” against former NS8 Inc. which is based in Nevada, purportedly provides online retailers with fraud detection and prevention technology, according to the statement. Its complaint charges Rogas with going against the anti-fraud parts of federal securities regulations.
PYMNTS
JULY 28, 2019
Initial coin offering (ICO) consultant CoinLaunch will pay $50,000 to settle with the Ontario Securities Commission (OSC). According to the regulator’s website , CoinLaunch was consulted on two ICOs, with both determined to be securities. percent bitcoin back on all online purchases at Safeway.com.
PYMNTS
SEPTEMBER 30, 2020
Consumers and businesses have been moving online in recent years, and regulators from the European Union to the Middle East and North Africa (MENA) region have worked to keep up with this migration. The pandemic has refocused scrutiny on the open banking ecosystem’s privacy and security. The Data Privacy Twist .
PYMNTS
JUNE 19, 2020
“Latin America is a highly attractive growth market for us, and the acquisition of Omni will significantly expand our capabilities in this important region,” the firm’s Founder and CEO Lex Greensill said in a statement. BizCapital targets SMBs in the market with an online platform for companies to access working capital.
PYMNTS
JULY 5, 2020
Bloomberg reported America’s largest internet corporations are eyeing Asia where the region is exploding with smartphones and tech-savvy residents. The timing coincides with retailers hoping to serve the millions of people in the region making their first online purchases as the COVID-19 lockdowns are eased. and Europe.
PYMNTS
JUNE 29, 2020
The rise of online and contactless transactions in the European Union, for example, has meant that many merchants are making the bulk of their sales away from brick-and-mortar stores. Data privacy and security continue to be top priorities for many regulators, too. Such transactions have been popular in the U.K. however, notably SCA.
PYMNTS
MARCH 29, 2017
and a last-minute challenger bid , Amazon has closed an acquisition deal to buy 100 percent Dubai-based online retailer Souq.com. The online retailer generates some 50 million monthly visits from its customer base in seven countries, including Saudi Arabia, Kuwait and Egypt. It’s official. After months of will they? won’t they?
PYMNTS
MARCH 27, 2020
While the advancement of open banking regulations may be seeing a small skip due to the spread of the coronavirus , many countries saw business and typical banking operations halted right after deciding upon new online privacy rules. European Union and other regions currently fighting the pande mic. Security .
PYMNTS
SEPTEMBER 29, 2020
And in an interview with PYMNTS, Jacob Shoihet , co-founder and CEO of the online financing platform Marco Financial , said the problem is particularly acute for exporters. “In But, as Shoihet said, these firms account for roughly 50 percent of trade volume in the LATAM region. trillion globally, according to Shoihet.
South State Correspondent
FEBRUARY 20, 2023
There are now many online, nationally-focused lenders that are capable of an entire virtual relationship. Traditionally, community banks would compare their financial performance and health to similar-sized banks in their region. Scale, security, and innovation are all linked to better information technology design and implementation.
PYMNTS
JANUARY 20, 2021
Securities and Exchange Commission (SEC). Our goal is to provide technical and auto-billing management services for 100 million micro-business online stores in China through big data analytics, machine learning mechanisms, social network recommendations and multi-channel data analysis,” the company said in its filing.
PYMNTS
NOVEMBER 15, 2016
Securities and Exchange Commission Chair Mary Jo White. The report noted SEC Commissioner Michael Piwowar said the regional offices of the SEC could serve as centers for FinTechs to receive guidance on regulations. Marketplace lenders may have to provide more information about borrowers if anything comes from comments from U.S.
PYMNTS
MARCH 31, 2020
With the investment, MatchMove, which is also based in Singapore, will be able to extend its “banking-as-a-service” wallet capability to Shopmatic’s ecosystem spanning over 435,000 eCommerce small and medium-sized businesses (SMBs) and individual entrepreneurs across the region.
PYMNTS
SEPTEMBER 30, 2019
As weaknesses in authorization systems can be exploited by online thieves, financial services firms are more vulnerable to hackers and get hit 300 times more often than other businesses, according to the Boston Consulting Group. Threat Scan is part of our multi-layered security strategy to secure the payments ecosystem,” said Johan.
PYMNTS
MAY 8, 2020
Samsung introduced its payments tool in 2015 with MST (Magnetic Secure Transmission) technology as well as Near Field Communication (NFC), a newer technology. By early 2019, Samsung Pay’s international presence grew to six global regions. has seen slow adoption compared to other regions.
PYMNTS
NOVEMBER 17, 2020
We believe that establishing reliable, secure financial identities for underbanked consumers is the key to solving this problem,” Polsky added. Prior to participating in Start Path, the company used its platform to help customers in developing countries secure microloans through their mobile phones.
Bank Innovation
NOVEMBER 6, 2017
The Australian Securities and Investment Commission (ASIC) and the China Securities Regulatory Commission (CSRC) have agreed to share fintech information with the other party. The deal will give each country more insight into emerging fintech trends taking place in the other region, according to the regulators. […].
PYMNTS
AUGUST 11, 2020
Merchants and other online services must be sure these processes are also secure, however, especially as fraud attempts have continued to climb. Creating onboarding experiences that can keep consumers’ attention to completion has only become more difficult in recent years as customers have become spoiled for choice of online merchants.
PYMNTS
AUGUST 3, 2020
Scandal-plagued German FinTech pioneer Wirecard counted among its payments processing clients an online casino that laundered money for an arm of “one of Europe’s most dangerous mafia organizations,” the Financial Times reported on Monday (August 3). ‘Ndrangheta operates from the Calabria region in Southern Italy.
PYMNTS
DECEMBER 7, 2020
Plus, Pioneer Bank sues over MyPayrollHR scandal, Procurement Partners secures new funding, and ImagineTime partners on FinTech for accountants. Revolut has launched an acquiring solution for its Revolut Business starter pack, which will allow businesses in 13 European countries to accept credit card payments online.
PYMNTS
DECEMBER 14, 2020
Payment service provider PayFort , which is based in the Middle East and North Africa (MENA) region, has changed its name to Amazon Payment Services, a letter from Managing Director Omar Soudodi stated, and it will now offer installment payments. In June, PayFort debuted its #StartUpStayUp initiative for Middle Eastern small businesses.
PYMNTS
NOVEMBER 3, 2020
Lingering economic uncertainty and growing fraud rates in multiple markets are prompting consumers to sharpen their focus on privacy and security. It also details how open banking’s expansion can help businesses build trust with new or existing customers seeking more secure ways to shop. The Pandemic And The Privacy Question .
PYMNTS
FEBRUARY 4, 2020
GDPR and PSD2 have significantly shifted how EU banks and businesses exchange online funds and consumer data. Numerous regions then announced internal deadlines for compliance that often diverged from their neighbors’ deadlines. Security Concerns Mount .
PYMNTS
JULY 31, 2017
Why should merchants be the only ones who get to leverage the speed, convenience and low-friction environment of the online marketplace? The big box retailer has been investing heavily in its online marketplace, and recently invited international vendors onto its platform. As it turns out, they aren’t.
PYMNTS
JANUARY 2, 2020
Regulators are looking to PSD2 as a blueprint as they seek to innovate the way they treat online consumer data, privacy and security in their own regions. Around the Data Protection and Security World. The EU is no longer the only region looking to upgrade its data and financial protection legislation. and Turkey.
PYMNTS
MARCH 7, 2019
While these regulations are aimed at increasing consumer trust by allowing them more transparency, many consumers in the region are still adjusting. These security concerns are also prompting many payment providers and merchants, such as Mastercard , to rethink their approaches to privacy.
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. As the needs of the digital consumer change, so do security concerns.
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