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MENA Region Holds Regulatory Clues For Merchants

PYMNTS

In regions where open banking and other electronic payments pilots are becoming common, such as the Middle East-North Africa (MENA) region, pandemic-era payments are all about privacy, security and trust, particularly in B2B transactions. Merchants, their payment providers and their regulators must keep up,” per the new Guide.

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Facebook Threatens EU Pullout As Data Sharing Comes Under Scrutiny

PYMNTS

In a bit of high-tech saber-rattling, Facebook is threatening to pull the plug on its social media platform in the European Union if a controversial decision by Irish regulators is allowed to stand. according to Metro. government.

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Deep Dive: Why The Pandemic Is Pushing MENA Regulators To Upgrade Open Banking, Privacy Laws

PYMNTS

Consumers and businesses have been moving online in recent years, and regulators from the European Union to the Middle East and North Africa (MENA) region have worked to keep up with this migration. The pandemic is dramatically altering how merchants can transact, which data they can store and where they can store it, however.

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A Merchant’s How-To For Managing The Contactless Payments Surge And SCA Requirements

PYMNTS

Small- to medium-sized businesses (SMBs) have been especially hard hit, as many have pivoted quickly to enable online transactions and adhere to the regulations that often accompany them. The health crisis has brought about changes to this rule, however, and these may have long-term implications for payment standards and regulations.

How To 239
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Bank wire fraud – How social engineering and technology perpetrate fraud losses

Abrigo

While previously, fraud was local or regional, today, scammers leverage technology extensively. They employ technology and social engineering tactics, reaching victims through email, social media, and text messages. Bank wire transfer fraud Current fraud trends Current fraud trends highlight a shift in scam origins.

Fraud 195
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German Court Orders Facebook To Stop Data Collection

PYMNTS

The German Federal Court has ordered Facebook to comply with an order from the country’s antitrust regulator and stop data collection of users in the country, Reuters reported Tuesday (June 23). At that time, Mundt said that the Federal Cartel was confident it had the power to impose regulation.

Data 209
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Report: Helping Online Merchants Comply With The Middle East’s New Payments Regs

PYMNTS

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