PYMNTS

JANUARY 19, 2018

In the latest sign of regulatory action in the virtual currency realm, the Commodity Futures Trading Commission (CFTC) has filed a lawsuit against three virtual currency operators, with allegations that the trio had defrauded customers. In addition, the regulator charged, the three operators broke laws governing commodity trading.

Operations 120

Operations Regulation US Bitcoin 120

PYMNTS

DECEMBER 16, 2020

Robinhood has come under the watchful eye of regulators — this time in Massachusetts. State regulators are set to file a complaint on Wednesday (Dec. 16) saying that the stock-trading platform failed to protect its customers and their assets, violating state laws and regulations.

Massachusetts 178

Massachusetts Regulation Security Compliance 178

PYMNTS

SEPTEMBER 21, 2020

A shocking new report reveals an underworld of corruption in the world’s banks and how governments allow it to thrive, BuzzFeed News reported. The report found the illegal profits from the drug trade, cash stolen from developing countries and Ponzi schemes flow through financial institutions despite warnings from bank employees.

Report 279

Report North Carolina United States New York 279

CFPB Monitor

DECEMBER 2, 2021

As anticipated, the OCC, Federal Reserve Board, and FDIC recently approved and released the Final Rule Requiring Computer-Security Incident Notification (“Final Rule”). The Final Rule is designed to promote early awareness and stop computer security incidents before they become systemic.

Regulation 78

Regulation Report FDIC Security 78

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

Report United States social media Guidelines 274

CFPB Monitor

DECEMBER 22, 2020

Additionally, service providers to banking organizations would be required to notify at least two individuals at affected banking organization customers immediately after the bank service provider experiences a computer-security incident that it believes in good faith could disrupt, degrade, or impair services provided for four or more hours.

Security 78

Security Report FDIC Regulation 78

PYMNTS

NOVEMBER 26, 2019

Regulation is perhaps the strongest driver of Lithuania’s FinTech-friendly environment. Particularly amid the continuing uncertainty surrounding Brexit, FinTechs are turning to Lithuania to retain their European footholds and operate in a country that supports their innovative ambitions. Resuming Operations.

Compliance 182

Compliance Regulation Fintech Resources 182

PYMNTS

NOVEMBER 1, 2020

In Apple 's annual report , the tech giant discussed the impact that various legal proceedings and new regulations around the world could have on its operations and financial conditions. Those could lead to changes in the company's practices or further legal proceedings, the report stated.

Apple 235

Apple Company Report Regulation 235

PYMNTS

AUGUST 11, 2020

Federal and state authorities are targeting companies that allegedly lend money to small businesses at extreme rates and seek to collect payments with heavy-handed tactics, NBC News reported Tuesday (Aug. In some cases, NBC News reported, business owners took payments from companies’ bank accounts even after COVID-19 struck.

Lending 237

Lending Regulation Philadelphia New York 237

Abrigo

JUNE 5, 2023

Banking reports to inform risk management and strategy These reports on capital, growth, and liquidity help financial institutions spot warning signs. Takeaway 2 Reports that assess capital, growth, and liquidity provide banking professionals data to drive decisions. Regulators review them to assess safety and soundness.

Report 195

Report Risk Management Capital Data 195

PYMNTS

APRIL 9, 2020

million ransom to get their systems back online, The Wall Street Journal reported. A Travelex spokesman told the WSJ that the firm got advice from security experts on how to proceed, and have kept its investors and regulators up to date on the recovery. The deadline for doubling the payment is two days.

Report 279

Report Groups Data Cards 279

PYMNTS

MAY 22, 2020

Zomato, an India-based food delivery startup, is reportedly being investigated by regulators for its purchase of Uber Eats India, which could be seen as violating the nation’s anti-competitive rules, sources told MoneyControl.com. The report also noted Zomato’s biggest competitor is Swiggy, known as India’s No.

Regulation 181

Regulation Report Security Operations 181

PYMNTS

OCTOBER 12, 2020

Facebook's proposed global digital currency Libra is expected to get pushback from G7 leaders who are anticipated to publicly oppose the project due to a lack of regulations, according to a Reuters report on Monday (Oct. The draft will be presented on Tuesday (Oct. Canada, Japan, Germany, France, Italy and Britain.

Regulation 200

Regulation Meeting System Security 200

PYMNTS

JULY 24, 2020

These marketplaces need to have strong security approaches in place, however, to ensure they do not accidentally onboard any fraudulent sellers or let other scams be perpetrated across their platforms. Find more about these stories and the rest of the latest headlines in the Report. Get the full story in the Report.

Compliance 152

Compliance Report Payments Security 152

PYMNTS

JULY 15, 2020

The European Securities and Markets Authority (ESMA), the European Union’s (EU) financial watchdog, plans to examine how German regulators handled oversight of Wirecard AG , the collapsed payments company that is facing a series of criminal allegations. It reported nearly $4 billion of debt to creditors, after it revealed that $2.1

Regulation 141

Regulation Guidelines Groups Report 141

PYMNTS

DECEMBER 20, 2020

21) will file documents with securities regulators to allow a special purpose acquisition company (SPAC) it created previously to raise as much as $600 million through an initial public offering (IPO), Axios reported. Moreover, Axios reported, Softbank is moving toward creating additional SPACs. Softbank on Monday (Dec.

Report 217

Report Groups Strategy Regulation 217

Cisco

OCTOBER 4, 2022

In June 2021, following large cyber attacks on the United States and the resulting Executive order on Cyber security, the FFIEC released the largest update in guidance in over a decade to help financial auditors assess financial institutions. Sweeping in scope, the AIO guide is very detailed on guidance for different technologies.

Operations 118

Operations Software Risk Management Management 118

PYMNTS

DECEMBER 8, 2020

Nonetheless, Many FIs are looking to simplify and secure their onboarding procedures while also enabling customers to stay safe during the pandemic, leading them to seek out innovative technologies to do so. Brazil-based facial recognition and identification technologies provider Acesso Digital recently reported that more than 5.2

Video 211

Video Report Meeting United States 211

PYMNTS

JULY 31, 2020

Regulators in China are preparing to move against once-hot Luckin Coffee Inc. which admitted booking millions of dollars in nonexistent sales, The Wall Street Journal reported on Friday (July 31). According to the report, Luckin has admitted that employees fabricated transactions totaling $300 million.

Regulation 151

Regulation Fraud Report Security 151

PYMNTS

JANUARY 20, 2020

As Goldman Sachs seeks further expansion in the South African economy, the financial services company joined the Johannesburg Stock Exchange’s interest-rate and currency-derivatives market, Bloomberg reported on Monday (Jan. Earlier this month, Goldman Sachs announced that it was revamping its reporting into new divisions.

Operations 150

Operations Capital Groups Apple 150

PYMNTS

MAY 4, 2020

He will be tasked with developing strategy, direction and comprehensive success of Mastercard’s operations across 53 countries in Europe. Barnett will join Mastercard’s Management Committee on June 1 and will report to Gilberto Caldart, president of international for Mastercard.

Operations 141

Operations Regulation Regional Retail 141

Perficient

APRIL 2, 2021

Finally, views are sought for compliance with applicable laws and regulations, including those related to consumer protection. AI technologies, such as voice recognition and natural language processing (NLP), are being used to improve customer experience and to gain operational efficiencies. Personalization of Customer Services.

Regulation 309

Regulation Industry Risk Management Analysis 309

PYMNTS

SEPTEMBER 24, 2020

The digital methods suit remote purchasing environments and offer security features that can make it difficult for fraudsters to use stolen card details. This is far from the only significant change to how AP departments operate, and many companies are also exploring digital tools for onboarding new vendors more smoothly.

Report 269

Report Payments Tools Video 269

PYMNTS

JUNE 20, 2019

The Wall Street Journal is reporting that the Federal Reserve and the Senate Banking Committee will both closely scrutinize the implementation of Libra. Powell also said that regulators have jurisdiction to enforce anti-money laundering regulations on business that operate within the digital sphere. “We

Regulation 168

Regulation cryptocurrency System Bitcoin 168

Perficient

AUGUST 16, 2023

A rather small bank, as of the end of its first quarter, the bank reported $139 million in total assets and $130 million in total deposits in its FDIC Call Report. Heartland Tri-State began operations in 1985 under the name First National Bank of Elkhart. bank to fail this year.

United States 221

United States Kansas FDIC Risk Management 221

PYMNTS

JUNE 9, 2020

The EU enacted open banking rules in 2018, inspiring regulators worldwide to reconsider how they were transacting funds or transmitting data. The COVID-19 pandemic’s impact on daily business has generated new questions surrounding these initiatives that regulators are now scrambling to answer. and the EU. Australia and Canada.

Regulation 132

Regulation Online California Regional 132

PYMNTS

SEPTEMBER 24, 2019

Securities and Exchange Commission declined to tell a congressional panel if the digital currency would be regulated as a security. And, even though Chairman Jay Clayton hasn’t talked about the cryptocurrency plan with the company, he does have an “open door” policy, Reuters reported.

Security 116

Security Regulation cryptocurrency Policies 116

PYMNTS

MAY 1, 2018

Regulators in the U.S. are considering the regulation of digital tokens outside bitcoin. The Wall Street Journal reported that the inquiry is focused on the cryptocurrency Ethereum, which hasn’t been in the crosshairs of regulators as of yet.

Regulation 104

Regulation Bitcoin cryptocurrency Massachusetts 104

Bank Innovation

MAY 16, 2017

Last year, regulators in New York decided to take cybersecurity matters for financial institutions into their own hands, releasing a set of rules (which went into effect in March), requiring banks and other FIs to establish a stricter cybersecurity program.

Regulation 325

Regulation New York Data Report 325

PYMNTS

JULY 21, 2020

Open banking is appealing to financial institutions (FIs) and regulators in many markets, even as the pandemic sweeps across the world. Regulators in other regions, including Latin America, are also shaping and announcing plans to enable open banking and better support digital financial systems.

Mobile 229

Mobile Report America Regulation 229

CFPB Monitor

APRIL 6, 2021

The Illinois Department of Financial and Professional Regulation (DFPR) has issued Predatory Loan Prevention Act Frequently Asked Questions (PLPA). The DFPR also issued a “ Notice Regarding the Consumer Reporting Database and the Predatory Loan Prevention Act ” (Notice). Payday and title-secured loans after the PLPA.

Illinois 78

Illinois Regulation Report Lending 78

PYMNTS

JULY 26, 2020

Bitcoin surpassed $10,000 on Sunday (July 26) for the first time since June, hitting $10,200, Reuters reported. The SC also asked providers to reach out to discuss their current business operations. On June 2, the stock hit a high of $10,137, but quickly fell more than $800. Meanwhile, in the court case United States v.

Bitcoin 161

Bitcoin Regulation United States Operations 161

PYMNTS

FEBRUARY 17, 2020

increased regulation over content delivered online through platforms may be on the horizon. This past week, Britain’s federal government said its media regulator, known as Ofcom, would be given new oversight to monitor and regulate material posted on the web by companies such as Facebook, Google and Twitter. In the U.K.,

Regulation 140

Regulation Google Operations Company 140

PYMNTS

DECEMBER 9, 2018

With retailers struggling to get compliant with the Payment Card Industry Data Security Standard , qualified security assessors are going to be in more demand and can offer tokenization as one way of achieving compliance. That’s according to TokenEx , which recently hosted a webinar to help retailers better understand tokenization.

Retail 194

Retail Report Compliance Security 194

PYMNTS

DECEMBER 26, 2019

In other news, BestChange reportedly provides a solution to let users exchange digital currencies or purchase them with fiat funds, Cointelegraph reported. The brands also reportedly claim an affiliation with Bdswiss Holding Plc, which has its CIF License and is already regulated in the country.

Bitcoin 131

Bitcoin Branding Regulation National 131

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. Morgan Stanley and J.P.

Security 134

Security Groups Payments Regulation 134

PYMNTS

AUGUST 27, 2019

As reported by CoinTelegraph , Switzerland ’s Financial Market Supervisory Authority (FINMA) this week unveiled guidance on the regulatory requirements that govern payments done over blockchain. CCN reported that the two “bridge the gap between functional DLT [distributed legder technology] tech and older, more traditional finance aspects.”.

blockchain 145

blockchain Regulation Payments Bitcoin 145