PYMNTS

JULY 16, 2019

Treasury Secretary Steven Mnuchin believes that Facebook’s proposed cryptocurrency could pose as a national security threat. In a press conference on Monday (July 15), Mnuchin warned that Libra “could be misused by money launderers and terrorist financiers” and that it was a “national security issue.”.

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PYMNTS

DECEMBER 18, 2020

Criminals seeking to exploit unmet demand for the COVID-19 vaccine are selling doses – many presumably fake – on the "dark web," the portion of the internet dominated by merchants who operate beyond easy reach of law enforcement agencies, the Financial Times reported on Friday (Dec.

Report 274

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PYMNTS

DECEMBER 5, 2018

That’s what led him to Goodworld, an online platform that removes the friction from digital donations, making them possible (and secure) by using hashtags. Payments Facilitator. When asked to explain the Goodworld model, Gossart told Webster that “we are a social payments platform, but really a payments facilitator.”

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PYMNTS

JANUARY 29, 2020

Facebook reported a 51 percent spike in its costs and expenses for the full year 2019 — that increase coming as the social media platform faces more questions from regulators and policymakers about its present and planned endeavors. Payments Move. 29), and reported that total costs and expenses hit some $46.71 31, stood at 2.5

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PYMNTS

JANUARY 1, 2021

As reported in this space , the DSA and DMA cover online marketplaces, social media and other platforms. The outcome, should it come in 2021, would shape how app store and other platforms operate, and whether they promote or hinder competition and innovation in various tech marketplaces. Beyond The Companies .

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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

AUGUST 13, 2019

The Securities and Exchange Commission (SEC) has announced fraud charges against a Brooklyn individual and two of his entities who allegedly engaged in a fraudulent scheme to sell digital securities to investors and to manipulate the market for those securities. federal securities laws.

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PYMNTS

APRIL 26, 2020

Alshami added that a number of different variables in the process also makes a blockchain system desirable — cross-border payments often deal with everyone involved in the process, including shippers, inspection companies, importers, exporters, companies and banking systems, according to the report.

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PYMNTS

DECEMBER 18, 2020

Social distancing guidelines, stay-at-home orders and mandated dining room closures around the U.S. This revenue free fall could result in 100,000 restaurants nationwide closing either temporarily or permanently, with 40 percent of all restaurant operators unsure whether they can survive six months into the future.

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PYMNTS

JUNE 8, 2020

OTC desk operator Sun Xiaoxiao said in a social media post that his accounts had been frozen. In other news, Securitize delivered a “royalty payment” to those who have security tokens of Lottery.com , which has been described as a first for the digital security manager, CoinDesk reported.

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PYMNTS

AUGUST 6, 2020

BigCommerce , which works in software for online business operations, saw its value rise by 292 percent after an initial public offering (IPO) for $216 million was priced above a target range, according to a report by Bloomberg. exchange for a company raising at least $100 million, according to Bloomberg’s data. 4) for $24 each.

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Bank Innovation

JUNE 12, 2018

That according to new documents released yesterday by Congress that contain written responses from the social media company on its data and privacy […].

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PYMNTS

MAY 20, 2020

Also, PayPal is introducing contactless QR codes for payments. To enable businesses to more easily list their merchandise on its social media platforms, Facebook has unveiled Facebook Shops. To help people maintain distance while venturing out for in-person transactions, PayPal has introduced contactless QR codes for payments.

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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

JUNE 3, 2016

Check out who secured venture capital in our breakdown below. Enterprise Security. Ionic Security. It may have begun as a way for individuals to take control of the data they share on social media sites, but Ionic Security has begun to shift its focus to securing the data of enterprises and their employees.

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South State Correspondent

APRIL 23, 2023

Some blame the dilution of the Dodd-Frank provisions, others the lack of oversight by regulators, and others still blame social media for exacerbating the deposit run. Fair Value versus Amortized Cost The amortized cost of assets is the accounting treatment applied to securities known as held-to-maturity, or HTM.

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PYMNTS

JUNE 19, 2020

The company said the funds will help with new offerings that assist its retailers in handling the evolved operating climate as well as provide diners with secure and accessible ways to transact. Facebook has purchased Mapillary in the social media giant’s efforts to expand open mapping efforts.

Payments 141

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PYMNTS

AUGUST 24, 2019

As diehard baseball geeks pout about having to share TV time with another major sport, and most of the country goes into New England Patriot-hating mode, the digital payments and commerce industry gets pretty optimistic – and even excited. That’s because every NFL season promises to bring advances in payments. Biometric Plays.

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PYMNTS

JANUARY 17, 2020

Preventing fraud with seamless and secure onboarding solutions is key. This month’s Deep Dive examines the critical and delicate balancing act companies face to gain new subscribers while pushing back against account and subscription payment fraud. The Budget-Busting Impact of Continuity Subscription Scams.

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PYMNTS

JANUARY 30, 2020

Businesses are struggling to balance the needs of established shoppers, who expect payment perks and rewards programs, and younger customers that prefer instant satisfaction with their shopping experiences. How AI Can Help With Consumer Onboarding Security. Recent Developments In The Platform Economy. About the Playbook.

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PYMNTS

JANUARY 21, 2021

Melissa Townsley-Solis, head of GIACT , discusses one of the negative effects of COVID-19: the escalation of fraud in the payments arena. Well-funded and organized fraud operations, meanwhile, continued to amass more capital, manpower and technology. That’s a recipe for negative reviews and frustrated feedback on social media.

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PYMNTS

JUNE 17, 2020

Both of these channels are thus perfect targets for fraud, with cybercriminals posing as restaurants on social media and attempting to scam customers of their personal data, and fake reviews driving customers away from restaurants.”. Securing Social for the MOA Future. A Fraudster’s Feast.

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PYMNTS

JANUARY 16, 2020

Each country will “be able to operate openly and freely in the jurisdiction of the other Party without any force or pressure from the other Party to transfer their technology to persons of the other Party.”. billion, and more recently, there has been an investigation launched into TikTok , the social media and streaming app.

Payments 132

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PYMNTS

NOVEMBER 6, 2019

There, online platforms match workers with employers as payments become quicker and more digital and quicker — after all, gig labor becomes a better experience when those workers don’t have to wait too long for their wages, and don’t have to pay high fees to access instant payments. Inevitable Problems.

Payments 102

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PYMNTS

MAY 25, 2017

In recent weeks, companies have rolled out several different types of Payments-as-a-Service (PaaS) solutions that are designed to help both online and brick-and-mortar merchants. News from the Payments-as-a-Service Landscape. To download the May edition of the PYMNTS.com Payments-as-a-Service Tracker™ click the button below….

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PYMNTS

SEPTEMBER 24, 2019

As reported, the social media giant has some support from IBM. IBM, for its part, has been developing blockchain known as Stellar, focused on cross-border payments. That comes in tandem with the launch of World Wire , which is an international payments system. There are World Wire payment locations across 72 countries.

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PYMNTS

APRIL 27, 2020

Most FIs moved their data from paper-based systems to online servers decades ago, using core banking solutions to send and receive cross-border payments as well as to process less sensitive daily transactions. Starting at the Core. Some banks have not upgraded their core banking infrastructures since their first digital shifts, however.

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PYMNTS

APRIL 8, 2019

Sharing is, in fact, enormously complex, prone to fraud and frustration, at least when it comes to digital payments and commerce. The rise of the global sharing economy — tied to online marketplace operations — is sparking challenges related to trust, security and confidence for buyers and sellers alike. Sharing Stakes.

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PYMNTS

AUGUST 23, 2019

These marketplaces also need to make sure that payments, however quick, remain safe and secure as fraudsters continue to hammer at the gates. Around the Payments And The Platform E conomy. About the Payments And The Platform Economy Playbook. An AI-Powered Visual Shopping Experience For Millennials, Gen Z.

Millennials 165

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PYMNTS

JULY 16, 2019

Banks are innovating their application programming interface (API) platforms to allow for more third parties, while online merchants are prepping for a potential loss in revenue due to the security frictions that SCA might bring. For other companies, GDPR is the main concern as they move to expand operations within Europe.

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PYMNTS

OCTOBER 14, 2019

In other news, the Marco Polo Network has announced that it has secured its first Russian-German import-export operations financing project. Alfa-Bank and Novolipetsk Steel Company (NLMK), along with Commerzbank, Germany, and Vesuvius GmbH, Germany, have launched a pilot project of cross-border payments via Marco Polo.

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PYMNTS

FEBRUARY 5, 2020

That’s a bad moon rising for some Big Data operators. In the middle are the consumers whose data fuels eCommerce, social media and basically the entire internet as we know it. The latest Merchants’ Guide to Navigating Global Payments Regulations also contains insights about how the privacy wars in Europe and the U.S.

Google 288

Google Data Regulation social media 288

PYMNTS

MAY 16, 2018

At least one thing is clear about Facebook ’s new interest in blockchain: It will help the social media giant keep up with the Joneses. And blockchain would also boost payments on Facebook, notably micropayments via digital currency that might encourage the development of more Facebook apps.

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Bank Innovation

JANUARY 31, 2019

Payments revenue at Facebook is up — way up. The company’s "payments and other fees" category banked a record $274 million in the fourth quarter of 2018, compared with $193 million in the same quarter of 2017, marking a nearly 42% increase.

Payments 170

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PYMNTS

APRIL 24, 2019

It may seem like ancient history now — about four years ago, the idea that consumers, merchants, financial institutions (FIs) and payment service providers would rely on the selfie (that much maligned form of self-expression in the smartphone age) for digital security seemed silly. Biometric Shift.

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social media Security Data Online 156

PYMNTS

MAY 31, 2019

PYMNTS analyzed the latest megadeal in payments and trade war developments, and a Visa exec voiced skepticism about instant payments. Global Payments, TSYS Ink $21.5B Global Payments, TSYS Ink $21.5B Megadeals everywhere in payments? Global Payments has inked a deal to acquire Total Systems (TSYS) in a $21.5

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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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