PYMNTS

MARCH 31, 2019

Facebook CEO Mark Zuckerberg wrote an opinion piece in The Washington Post calling on regulators to take a “more active role” in making rules for how to police the internet, according to reports. “By Federal Trade Commission is gearing up to hold talks with state attorneys general about Facebook and Google ’s position in the technology space.

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Regulation Louisiana social media Washington 151

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. Regulators in countries like Egypt have only recently rolled out their data protection rules.

Online 151

Online Report Payments Regulation 151

Abrigo

JANUARY 4, 2023

banking regulators recently warned financial institutions that dealing with cryptocurrency exposes them to an array of risks. Social media scams: The FTC reports that half of those who have reported crypto losses since 2021 said the scam began with an ad, post, or message on social media.

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social media Fraud cryptocurrency Trends 195

PYMNTS

MAY 16, 2019

Across the European Union (EU), technology providers and social media platforms are increasingly playing a bigger role in the Open Banking ecosystem. At the same time, however, many players, like Facebook and Google , are squaring off against regulators that are looking at their data and payment policies with more scrutiny.

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social media Compliance Innovation Data 161

PYMNTS

MARCH 31, 2020

legislators in several states are either drafting, voting on or have passed requirements to tackle online data’s and transactions’ importance, but these laws often do not integrate well with those passed in neighboring states. The COVID-19 pandemic has led to a jump in online payments versus those made in stores, for example.

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Regulation Data US Washington 154

Abrigo

JULY 10, 2023

An example of a rising AI fraud scheme is using voice-to-text technology, such as Microsoft’s new Vall-E Text-to-Speech System. This technology can convert written words into speech that sounds like a recorded person using only three seconds of a voice recording. Don’t rely solely on this response.

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Fraud How To social media Security 150

PYMNTS

NOVEMBER 16, 2020

Here’s the latest news from the technology industry, which is coming under increasing scrutiny from governments and consumers around the world. Regulation. Tencent Holdings President Martin Lau said further regulations are needed in China to mirror a “new reality.”. Group Seeks to Block Maryland Online Advertising Tax.

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Maryland Taxes Online Groups 151

PYMNTS

JULY 17, 2020

Facebook Inc’s top executives could be required to testify before the Federal Trade Commission (FTC) as the regulator investigates whether the California-based social media conglomerate has violated U.S. antitrust laws, sources told The Wall Street Journal. billion global users. states and the DOJ.

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social media California Google Apple 160

PYMNTS

DECEMBER 12, 2019

The China Securities Regulatory Commission , China’s security watchdog, is setting up a technology regulation bureau and will announce Yao Qian as its new department chief, the Chinese business publication Caijing said on Wednesday (Dec. 11), as reported by Coindesk. It would then use the information to recommend products.

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Bitcoin Fraud Regulation social media 131

Gonzobanker

JULY 13, 2023

Vendors need to be able to explain their AI technology to bankers in layman’s terms “An algorithm is what software engineers call something when they don’t want to explain what they did.” — Modern Adage Every vendor these days is talking about how their software has magical “AI” algorithms in it.

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Technology Software social media Fraud 78

Abrigo

JULY 13, 2023

A scam usually begins with online contact via social media or dating apps. Scammers build up a victim’s trust and gain access to their online account information, sometimes “fattening the pig” by soliciting more investment in cryptocurrency before “slaughtering the pig” and stealing the cryptocurrency.

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Fraud cryptocurrency Training social media 195

Abrigo

FEBRUARY 8, 2024

Takeaway 2 Client fraud education at financial institutions should include takeaways that explain how to protect themselves from phishing and tips for staying secure online. Fraud schemes, evolving with technology, are more sophisticated and more complex to detect. Fraudsters have adjusted their tactics as technology has changed.

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Fraud Resources social media Software 195

PYMNTS

DECEMBER 13, 2018

Recently, though, many CUs have turned to technology-driven solutions to help members more efficiently communicate their needs and feedback. CUs are also actively communicating with law enforcement agencies, keeping regulators informed about suspicious activity, while receiving tips on noticeable trends that these same agencies are eyeing.

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Regulation South Dakota ATM New York City 135

PYMNTS

SEPTEMBER 23, 2019

Advanced technology is increasingly raising the stakes of how CUs should operate, with members coming to expect the instant payments and slick mobile interfaces that large banks and FinTechs have made standard. Deep Dive: How CUs Leverage Social Media. Credit unions (CUs) are facing an ever-shifting financial services landscape.

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social media Trends Michigan United States 157

PYMNTS

APRIL 12, 2018

Consumer Watchdog has called on Congress to enact legislation that would protect consumers’ online privacy in the wake of Facebook’s data scandal. Simpson, Consumer Watchdog’s privacy and technology project director. introduced The Customer Online Notification for Stopping Edge-provider Network Transgressions (CONSENT) Act.

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Regulation social media United States Online 101

PYMNTS

JULY 30, 2018

Virginia Senator Mark Warner, vice chairman of the Senate Intelligence Committee, released a policy paper detailing 20 options for the government to start regulating big tech a lot more closely. In fairness to Facebook, it is far from the only target of the regulations. The Suggested Regulations. What It Targets (and Why).

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Regulation Policies social media Data 101

PYMNTS

DECEMBER 14, 2020

Here’s the latest news from the technology industry, which is coming under increasing scrutiny from governments around the world. As a result, the platform and media company could concur on a single amount or regular payments depending on the quantity of news content harnessed.

Google 132

Google social media Compliance Regulation 132

PYMNTS

AUGUST 10, 2018

At first glance, 2018 is shaping up to be a year that has brought meaningful consumer, regulatory and legislative backlash against lax online privacy. Overall, 69 percent of consumers favor GDPR-like regulations in the United States. Except, maybe not. One recent survey found that 78 percent of U.S. In fact, just 9 percent of U.S.

Online 101

Online social media Baltimore Data 101

PYMNTS

OCTOBER 19, 2018

They are able to use cutting-edge technology, black-market websites and top-level, nimble and well-secured global networks to work their craft. Those fraudsters can learn new techniques and keep a step ahead of companies, regulators, law enforcement and governments. We have to accept some part of that [friction] for the online world.

Fraud 189

Fraud Online social media Software 189

PYMNTS

JUNE 20, 2017

FindFace started as a futuristic social technology for identifying strangers by scanning their faces with a smartphone camera. Two years later, the facial recognition technology is the best in the world (yep, even better than Google’s) and is being used for public safety, law enforcement and fraud prevention through cybersecurity.

Technology 173

Technology Retail social media Fraud 173

PYMNTS

APRIL 22, 2016

The online tech and finance sector in China has grown by leaps and bounds, but that means that “fly-by-night” and other dubious payments firms and activities must be more closely monitored. FT noted that some analysts feel competition is hobbled by a social media presence.

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Regulation social media Fintech Lending 100

PYMNTS

SEPTEMBER 5, 2018

The move comes amid increasing global focus on matters related to online privacy and data security — and as the idea of regulating social media is gaining currency. Yet those consumers still use free online marketing services and continue shopping more online, handing over increasing amounts of data to digital firms.

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social media Security Regulation California 102

PYMNTS

OCTOBER 1, 2020

Necessary ingredients of healthy international B2B commerce are dealt with in detail in PYMNTS’ new Merchants Guide To Navigating Global Payments Regulations done in collaboration with Ekata , which surveys the expanding global B2B payments landscape. Merchants, their payment providers and their regulators must keep up,” per the new Guide.

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Regional Regulation social media Security 130

PYMNTS

DECEMBER 21, 2020

Here’s the latest news from the technology industry, which is coming under increasing scrutiny from governments in the U.S., The European Union ’s governing European Commission published drafts of new rules for digital services that would cover social media, digital marketplaces and other platforms. and Europe.

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California social media Apple Google 143

PYMNTS

NOVEMBER 27, 2018

“Dominant online platforms have more power to shape public opinion than newspapers or the television ever had, yet they face very little regulation or liability,” Rometty said. after the Information Commissioner’s Office (ICO) ruled that the social media network operator was engaged in “serious breaches of data protection.”.

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social media Google Data Company 130

PYMNTS

AUGUST 1, 2017

Small businesses may be interested in innovative technologies, but only a few are willing to make the leap — and the investment — necessary to actually implement tools into their businesses. The latest research from the SMB Technology Adoption Index , for example, revealed news that just 13 percent of U.S. Technologies in Focus.

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Innovation social media Survey Tools 118

PYMNTS

DECEMBER 20, 2018

From using instant messaging to getting directions and shopping online, consumers are constantly generating a trail of data about their preferences and whereabouts. Some businesses are already feeling the effects of privacy regulations. Around The PSD2 World. Smart cities ” based outside the U.S.

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San Francisco Regulation social media Data 187

PYMNTS

SEPTEMBER 20, 2018

European regulators this week continued to show their love, respect and admiration for U.S.-based Assuming that caught your attention, here’s the real story: It’s shaping up as a busy week for regulators in Europe (including Turkey, which for purposes of this article, qualifies as Europe). European Tone.

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Google social media Regulation Course 124

PYMNTS

FEBRUARY 12, 2019

The group is asking a parliamentary panel on information technology to investigate the tech giants. The panel recently summoned Jack Dorsey , CEO of Twitter, to come and talk about how to protect citizens’ rights on social media and other online platforms. We’re calling everyone.

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Taxes Google social media Groups 108

PYMNTS

JUNE 17, 2020

The CCI’s mission is to enforce India’s Competition Act which prohibits anti-competitive agreements and the abuse of a dominant position by corporations and, regulates mergers and acquisitions (M&As) and any actions which could hurt competition in India. billion people. In April, PYMNTS reported Facebook closed a $5.7

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social media Regulation Regional Community 140

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. Super Bowl Countdown Brings New Online Gambling Action.

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Cards Technology social media Meeting 131

PYMNTS

SEPTEMBER 16, 2019

At the Monday press conference, Arkansas Attorney General Leslie Rutledge said the AGs, across political parties and demographics, stand together to “protect the free market, protect competition and … the American consumer … against this online, search engine juggernaut.”. It is an investigation to determine the facts.

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social media Google Taxes Arkansas 122

PYMNTS

NOVEMBER 10, 2019

Current antitrust laws are “flexible enough” to handle issues caused by technology firms, said Makan Delrahim, assistant attorney general for the Antitrust Division of the U.S. Delrahim also cautioned that there could be competition concerns by regulators over data collected by tech companies.

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social media Google Regulation Conference 100

PYMNTS

SEPTEMBER 13, 2019

As they seek evidence of anticompetitive behavior, House lawmakers are asking for executive communications and emails from four technology companies. That could bring about political pressure for a regulatory crackdown and pose risks to the reputations of technology companies.

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social media Apple Policies Regulation 122

PYMNTS

JANUARY 11, 2021

Here’s the latest news from the technology industry, which is coming under increasing global scrutiny from governments around the world. The social media platform is taking away “Likes” and putting the emphasis on “Followers” to streamline the method through which individuals link up their favorite “Pages.”

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Taxes US Compliance social media 132

PYMNTS

JANUARY 9, 2019

Back then, he had warned executives at the social media company of the potentially damaging impact of Facebook’s data sharing policies. Financial Times highlighted a 2016 blog post in which Parakilas warned about the impact of social media. “We Parakilas felt his concerns weren’t taken seriously at the time.

Apple 122

Apple social media Google Policies 122

PYMNTS

JULY 3, 2017

Even in the quiet seasons, the online travel market is susceptible to the trade winds, and they don’t always blow in agents’ favor. It can be buffeted dramatically by shifts in the global economy, emerging technologies and even factors as arbitrary as the weather. The End of Excessive Card Surcharges.

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Online Payments Fraud Cards 112