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Payments Providers Combat The Conflict Between Security, User Experience

PYMNTS

Cohen pointed to regulations like PCI-DSS, developed by the Payment Card Industry Security Standards Council for merchants that accept in-person and digital payments to safeguard the data of their customers and payment cards, as well as GDPR (General Data Protection Regulation) in Europe.

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Turning Compliance Burden Into FinTech-Regulator Collaboration

PYMNTS

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.

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In The UK (And Beyond), Taming The Crypto Wild West Through Regulation

PYMNTS

The headline statement is that crypto firms have traditionally operated in a regulatory environment that might charitably be likened to the “Wild West.” In addition, any firms that carry out crypto asset related activity within the scope of the FCA’s regulations must register with the authority before conducting business.

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App Store Approach Helps Banks Manage Partners, Speed Digital Transformation

PYMNTS

In an interview with PYMNTS, Avi Cohen , co-founder and CEO of FinTech company The Floor , said boosting digital offerings and bringing new ones to market demands quick decision making as banks seek to improve user experience and user engagement. Launching Into New Markets.

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Ternio Integrates With Plaid To Ease Access To Crypto-Friendly Accounts

PYMNTS

With Plaid, users are able to link bank accounts securely near-instantaneously, through using login credentials rather than verifying through micro-deposits, which could help to cut down on fraud. By bridging the gap, Kane said, the digital payments ecosystem will benefit from a fuller way to use crypto.

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How PSD2 Is Changing ING Bank’s API Strategy

PYMNTS

Additionally, other companies are still working to change their platforms to comply with General Data Protection Regulation (GDPR) as that regulation continues to sweep across Europe. Both banks and regulators are re-examining how exactly SCA will affect the financial ecosystem. Around the PSD2 and GDPR Worlds.

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Could Regulation Prevent The Next Cyberattack?

PYMNTS

That depends, says counterterrorism and cybersecurity expert Richard Clarke, on what companies, banks and regulators are willing to learn from the incident. To get more banks into the two-step authentication mix, Clarke recommends regulation, which would compel mandatory compliance. “A s National Health Service.