NayaPay FinTech Gets License to Operate in Pakistan

PYMNTS

NayaPay has become the first electronic money institution (EMI) in Pakistan, after the company was granted commercial approval to operate by the country’s central bank, according to a company announcement Thursday (Sept.

Clover’s Grubhub Integration Alleviates Friction For Restaurant Operators

PYMNTS

With the acceleration of the digital shift touching every part of the restaurant business, many operators find themselves juggling a suite of incompatible tools and solutions.

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Three success factors in security operations

Insights on Business

The model delivers better customer experiences, creates operational efficiencies, and can lead to new revenue sources. Financial institutions are leading the charge in building security immune systems, knowing they are most threatened. They are looking for end-to-end security operations that are flexible and scalable, data-driven and applied with automated, operational accuracy. In my mind, success follows with three operational goals: 1.

FAA OKs American Robotics Drones To Fly Without Human Operators

PYMNTS

The Federal Aviation Administration is letting commercial drone-maker American Robotics operate drones without on-site pilots — but with a number of caveats, according to a decision recently posted on the agency’s website.

MLOps 101: The Foundation for Your AI Strategy

Machine Learning Operations (MLOps) allows organizations to alleviate many of the issues on the path to AI with ROI by providing a technological backbone for managing the machine learning lifecycle through automation and scalability.

Ferry Operator Serving Cape Cod, Martha's Vineyard Attacked With Ransomware

PYMNTS

Eastern time stated, “The Woods Hole, Martha’s Vineyard and Nantucket Steamship Authority has been the target of a ransomware attack that is affecting operations as of Wednesday morning. Security & Fraud Cybersecurity fraud Massachusetts Steamship Authority News Security What's Hot

NCR Looks To Buy ATM Operator Cardtronics For $1.7 Billion

PYMNTS

Retail and hospitality technology firm NCR Corporation is looking to acquire ATM operator Cardtronics for $39 per share, or about $1.7 billion.

PSD2 Creates Turbulence For Travel Operators

PYMNTS

PSD2 may have a greater effect on payments, even outside the EU, as consumers all over the globe are clamoring for more data security. In the past, typically retailers — not just travel companies — had to make a choice really between frictionless [payments] and security,” he said. Security & Fraud Amadeus authentication compliance consumer data data privacy Fraud Prevention GDPR Main Feature News Payment Security PSD2 regulations Tracker Series Travel Payments Whitepages Pro

Bitcoin Daily: Bitcoin Mine Operator Planning IPO; Swedish Financial Authority Warns Consumers Of Crypto Risks

PYMNTS

Bitcoin mine operator Northern Data AG is planning to go public and could raise up to $500 million in the initial public offering (IPO), Bloomberg reported. SEBI has been communicating the directive with company executives, bankers and securities lawyers.

Data Security’s Secret Sauce? ‘Zero Data’

PYMNTS

Mahmoud Abdelkader , co-founder and CEO of Very Good Security , said the current security and compliance approach is fundamentally flawed — it doesn’t keep people safe, and it hamstrings businesses. To protect what you’ve got — lock it away, build a wall, maybe a moat.

Uncovering the Hidden Efficiencies in Loan and Deposit Operations

Gonzobanker

Addressing common loan and deposit operations process inefficiencies can help financial institutions deliver optimized value to customers and stockholders. Now, a shift is under way in FIs’ operational units as the conversation turns to transforming legacy banks into “smarter banks.”.

The To Do List for Security Token Platform operators

Daily Fintech

Sheldon Freedman will return next week with the last of his 4-parter on Security Tokens. What do entrepreneurs and investors want and how do their needs offer a To Do List to Security Token platform operators? Security Tokens can tokenise just about any asset. To Do List for Security Token platform operators. These are the 5 things that Investors want from a good Security Token platform. What entrepreneurs want from a Security Token platform.

BankID and OneSpan Partner on Digital Banking Security

PYMNTS

BankID will lean on the cloud authentication and anti-fraud offerings from digital banking platform OneSpan to “improve the customer experience and help secure one of the most widely used applications in Norway,” according to an announcement on Wednesday (Sept.

Chase and Intuit Launch API for Secure Customer Data Sharing

Bank Innovation

The companies signed an agreement this morning, giving customers the option to authorize Chase to electronically share financial data securely with Intuit’s financial management applications, such as Mint, TurboTax Online and QuickBooks Online. Corporate Innovations Mobile Operations PFM Retail Security Technology Chase Intuit MintChase and Intuit may have just solved the main issues with account aggregators.

Mastercard: Digital Identity Aligns Security With Consumer Experience

PYMNTS

After countless data breaches and hacker attempts on their personal data, consumers are pretty well fed-up with the problem and have taken on a zero-tolerance stance, the recent PYMNTS and NuData Securing eCommerce study said. Smoothing Out The Secure eCommerce Journey .

Operation BLACKHAT

Perficient

Operation BLACKHAT. He conducts a meeting with his security group, “WHITEHAT” to proceed with the investigation. He has hired other gang members for this operation. The blackhat hired him to research the security gaps to avoid any faults in this plan and report the same.

Mastercard Selects New President For European Operations

PYMNTS

He will be tasked with developing strategy, direction and comprehensive success of Mastercard’s operations across 53 countries in Europe. Mastercard has appointed Mark Barnett as president of its European business headquartered in Brussels.

New Year’s Resolution: The Clearing House Urges Banks To Become 24/7 Operations

PYMNTS

To do that, and to clear the next hurdle, Whisler said many financial institutions (FIs) still need to “modernize internally to be a 24/7 operation shop.”. “It’s And lastly, it will be critical to continue to innovate in a way that is still safe and secure.

U.S. Bank Is Hiring An ‘Innovation Leader’ To Boost AI Operations

Bank Innovation

Corporate Exclusive Operations Security Technology AI Dominic Venturo innovation group machine learning US BankBank wants to revamp its Innovation group with a new artificial intelligence leader. The job posting is vigorous, to say the least. The new hire will be responsible for establishing an “Artificial Intelligence and Machine Learning practice within the U.S.

MonetaGo, GUUD Team On Secure Transactions

PYMNTS

MonetaGo , which specializes in blockchain technologies, and GUUD Company , which focuses on making international trade smooth, have teamed up on international financial transaction security, MonetaGo announced in a press release.

How Customer Reviews Provide Lifeblood For Restaurant Operations

PYMNTS

How Customer Reviews Provide Lifeblood To Restaurant Operations. Customers can find out where their peers are happily returning after good experiences, for example, while eateries can invest time in digital platforms that provide prospective diners with information to secure their patronage.

Taking Digital Approaches To Marketplace, Restaurant Operations

PYMNTS

Online marketplaces have been essential for companies and consumers who want to transact under stay-at-home mandates, but these platforms need formidable security approaches in place to prevent fraudulent sellers from joining or scams from occurring.

M&T Bank Says Blanket Approach To Security Smothers Customer Experience

PYMNTS

This underscores a mounting need to tighten digital data security and stop fraudsters in their tracks. M&T Bank On Balancing Security, Data Privacy And Smooth Customer Experiences. March 2020 marked a watershed moment for digital banking.

IoT Device Security Flaws Stalk Medical Providers, Blunt Innovation

PYMNTS

Unfortunately, these devices are a challenge to secure, and hackers have taken note. Tshuva even goes so far as to say that hacking concerns due to security flaws have held innovation back. Security Before Connectivity.

Sinemia Shuts Down U.S. Operations Amid Lawsuits

PYMNTS

operations. In a letter on its webpage, Sinemia said it was ending operations in the U.S. While we are proud to have created a best-in-market service, our efforts to cover the cost of unexpected legal proceedings and raise the funds required to continue operations have not been sufficient. operations,” Sinemia wrote in the letter. Sinemia , the movie theater subscription service that tried to take a page from MoviePass, is shuttering U.S.

Careem Concludes Operations In Sudan

PYMNTS

Less than a year after the ride-hailing company rolled out in Sudan, Careem has concluded its operations in the country, with a planned takeover by Uber on the horizon. The firm started its Sudan operations in September 2018 following the lifting of economic sanctions by the United States in 2017, Reuters reported. A spokesperson said in a statement, “There are no plans to close any other markets, and ceasing Sudan operations will not have any effect on Careem’s other markets.”

Deep Dive: How Automation And The Cloud Can Improve Operational Efficiency In Payments Processing

PYMNTS

Automated compliance systems can help FI staff ensure that their AML and KYC compliance is up to code, as these systems can perform thousands of security checks in the time it takes a human staffer to handle just a few.

Blockchain-Based FinTech Optherium Labs Secures Pre-Series A Funding

PYMNTS

Blockchain-based Software-as-a-Service (SaaS) company Optherium Labs, which helps other companies add banking services, has received a pre-Series A investment from IRETH, which will help both companies achieve secure financial service delivery, according to a press release.

PayPal suspends TIO Networks’ operations due to security concerns

Payments Source

PayPal has suspended the operations of TIO Networks, a bill-payment company it purchased earlier this year, following the discovery of security vulnerabilities that require investigation. Bill pay Network security PayPal

Operational holes cause breaches more than security glitches

Payments Source

With lots of day-to-day IT tasks and countless systems to configure, it's easy to make mistakes, says Brian Kelly, CEO of CloudBolt. ISO and agent Data breaches Payment fraud Capital One

Verizon Buys Drone Operator

PYMNTS

In a press release , Verizon said Skyward, which is based in Portland, adds drone management to the Verizon IoT portfolio, making drone operations easier to manage for any size company. companies rely on Skyward to manage drone operations, improve safety and lower operating costs. With the deal, businesses small and large can turn to Verizon for integrating, managing and wirelessly connecting their drone operations.

Boston Airport Partners With Accesso For Virtual Security Line

PYMNTS

Boston Logan International Airport is partnering with the high-tech ticketing firm accesso Technology Group to pilot a virtual security line, accesso announced in a Thursday (June 3) press release.

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Securing The New Commerce Normal

PYMNTS

For all that has changed dramatically in the last several weeks due to the coronavirus pandemic, consumers are still looking for the same two core offerings in every transaction, no matter what it is or where it takes place: seamlessness and security.

Trulioo: Dramatic Fraud Spike Threatens Secure Digital Future

PYMNTS

A massive spike in fraud of all kinds has taken businesses by surprise and left them scrambling for solutions, Trulioo Chief Operating Officer Zac Cohen told Karen Webster in a recent conversation. Security & Fraud biometrics Coronavirus Featured News fraud News podcast Security trulioo

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Payments Providers Combat The Conflict Between Security, User Experience

PYMNTS

In financial services, demand for ease of use and security are sky-high, even for business customers. Greater Security Without Compromising UX. Financial services firms deploy more and more point security products to cover the gaps created by the expanding attack surface,” he explained.