PYMNTS

DECEMBER 9, 2020

It takes significant resources when developing an exchange in-house to locate and pay liquidity providers, know-your-customer (KYC) providers, custodians, cybersecurity providers and anti-money laundering providers (AML) — while also convincing financial institutions to function as the role of fiat on-off ramps, according to the post.

blockchain 175

blockchain Security cryptocurrency Regional 175

PYMNTS

JULY 16, 2020

Companies will have to choose between whether to move personal data to servers in Europe or stop doing business in the region. could cost these companies billions in trade from their cross-border data activities, including cloud services, marketing and advertising and human resources, The Journal reported.

Data 212

Data US Regional Resources 212

PYMNTS

MAY 22, 2019

Faced with a growing number of transactions to process in real time, payment service providers (PSPs), financial institutions (FIs) and FinTech firms also need to make sure the security of these smarter payment systems is up to par. Regulators in regions such as Europe are changing the ways they look at cross-border transactions.

Fraud 180

Fraud Payments Regulation Security 180

Abrigo

JANUARY 3, 2024

While many think of trade, commerce, and cultural exchange when considering this region, ignoring the undertow of illicit activities is impossible—the border remains a hotspot for drug trafficking, illegal arms trade, human trafficking, and smuggling operations, necessitating vigilant scrutiny and transaction monitoring within the U.S.

United States 221

United States San Antonio Training Fraud 221

South State Correspondent

APRIL 10, 2023

CRE Risk Background While ten years ago, community and regional banks use to make up some 55% of the CRE market, in 2023, these banks now compose approximately 72% (below). Another 1,305 community/regional banks were driven into the hands of competitors through M&A ( HERE ). This article explores the risk and what to do about it.

Community Bank 195

Community Bank Community Los Angeles Regional 195

PYMNTS

JUNE 30, 2017

“If I have a botnet on your computer, my goal is not to let you know — I want to be able to use your computer whenever I want it,” said Corey Nachreiner, CTO of Seattle-based internet security company WatchGuard. Having any system is a resource. Linux Malware Threats. Linux-based threats showed up in a few forms. WatchGuard’s Solution.

Security 137

Security Report Software System 137

PYMNTS

JANUARY 26, 2021

The new Tracker cites one study where very nearly 80 percent of financial institutions (FIs) surveyed in the Asia-Pacific region “reported rises in fraud losses after debuting real-time payments services. That’s why RTP networks and partner organizations in the space are busily securing the channel ahead of a big public debuts.

Fraud 274

Fraud Los Angeles Tools Security 274

PYMNTS

MARCH 7, 2019

While these regulations are aimed at increasing consumer trust by allowing them more transparency, many consumers in the region are still adjusting. These security concerns are also prompting many payment providers and merchants, such as Mastercard , to rethink their approaches to privacy. GDPR was officially signed into law in 2016.

Lending 198

Lending Regulation Regional Data 198

PYMNTS

DECEMBER 17, 2020

In the December edition of the Digital Fraud Tracker® , PYMNTS explores the latest in the world of fraud prevention, including the expanding threat of promotion abuse fraud, holiday season cyb ercrime schemes retailers are facing and the new fraud-fighting initiatives from retailers, banks and third-party security companies.

Fraud 255

Fraud Online Retail Examples 255

PYMNTS

JANUARY 21, 2021

Financial institutions (FIs), FinTechs and other businesses that are looking to enable these rapid payments must therefore ensure that their security and fraud-fighting approaches are up to the challenge. Stronger security strategies and solutions could help turn the tide and boost adoption. Recent surveys found that 38 percent of U.S.

Fraud 231

Fraud Security Payments United States 231

PYMNTS

OCTOBER 14, 2020

These rapidly shifting trends have also caused most firms to become more concerned over the status of their own cash flow — knowing exactly where their incoming and outgoing payments stand at any given moment can be make or break for these entities, especially for small- to medium-sized businesses (SMBs) with less resources on hand.

Payments 257

Payments Trends Study Tennessee 257

PYMNTS

NOVEMBER 8, 2020

Arif Amiri , chief executive officer of DIFC Authority, said the addition of Ripple would help both organizations “advance the use of blockchain in Dubai, UAE and the region, and accelerate the Emirates Blockchain Strategy 2021,” according to the release. He said it would be more positive with more financial aid.

Bitcoin 155

Bitcoin blockchain Fraud Conference 155

CFPB Monitor

AUGUST 25, 2016

The CFPB has issued a new elder financial abuse report, “ Report and Recommendations: Fighting Elder Financial Exploitation through Community Networks ,” and a related resource guide, “ A Resource Guide for Elder Financial Exploitation Prevention and Response Networks.”

Resources 60

Resources Community Report Regional 60

PopularBank

OCTOBER 28, 2020

This realignment aims to better leverage resources to support small businesses, meet changing customer needs and reinvest in communities. To this end, it focuses resources on remaining branch locations to pursue local opportunities and deliver banking services and solutions to meet the unique needs of the communities. New York Metro.

Puerto Rico 52

Puerto Rico New York Metro Community 52

PYMNTS

JUNE 29, 2020

This change has prompted more compliance-related questions from SMBs, however, and ePayments provider Ingenico has crafted an SCA suite that leverages online security protocols to assist firms with following the requirements. Data privacy and security continue to be top priorities for many regulators, too. however, notably SCA.

How To 239

How To Payments Management social media 239

PYMNTS

APRIL 18, 2019

EU banks and merchants also face the changes to data security, transparency and privacy that the PSD2 and GDPR regulations have marshaled across the region. However, while PSD2 and GDPR are crafting significant changes in the EU, many countries in the region have just implemented the data and payment laws. About the Tracker.

Regulation 187

Regulation Regional Compliance Data 187

PYMNTS

JANUARY 2, 2020

Regulators are looking to PSD2 as a blueprint as they seek to innovate the way they treat online consumer data, privacy and security in their own regions. Around the Data Protection and Security World. The EU is no longer the only region looking to upgrade its data and financial protection legislation. and Turkey.

Regulation 131

Regulation California Regional Fintech 131

PYMNTS

MAY 8, 2019

Its first version will focus on financial institutions (FIs), such as credit unions, as well as community and regional banks, while one for business end users is set to follow. The Faster Payments Project Team has been working for almost a year to develop faster payments resources, including the Playbook. payments system.

Payments 125

Payments Resources Groups Industry 125

PYMNTS

APRIL 10, 2020

Here are a few examples of capabilities that enable our clients to manage unforeseen circumstances related to payments: Clearing options: Providing two or more local clearing options in each major region ensures redundancy if one bank partner is disrupted. Security: Unfortunately, there are those who seek to profit from uncertainty.

Payments 150

Payments Regional Resources US 150

PYMNTS

APRIL 24, 2019

The firm conducted a comprehensive and diligent search for a new CEO, led by the board’s human resources committee and advised by an independent search firm. “I He was also an executive sponsor of SWIFT ’s customer security program from 2016 to 2018, and helped lead SWIFT’s response to cyber challenges facing the payments industry.

Leadership 169

Leadership Regional America Community 169

PYMNTS

SEPTEMBER 28, 2020

One area where the pandemic may significantly impact emerging data protection and open banking rules is the Middle East and North African region (MENA). The ongoing pandemic has caused many regulators in the MENA region to examine the digital and open banking infrastructure they have in place. Around The Data Protection World.

Online 151

Online Report Payments Regulation 151

PYMNTS

AUGUST 3, 2020

With real-time payments and settlement drastically diminishing the window of time in which financial service providers can detect and stop fraudulent activity, the development of such services must integrate security measures that can stop malicious activity before it starts. ” $4.13 Million Stolen In Reported Cyber Fraud Crime Ring.

Fraud 328

Fraud Payments Philadelphia Regional 328

PYMNTS

OCTOBER 4, 2019

That does not mean older verification methods are obsolete, however: Many companies still rely on knowledge-based authentication (KBA) methods like passwords or security questions, even in areas like business lending — where stringent verification is crucial. Another form of identity security is biometrics. About The Tracker.

Online 144

Online Ohio Knowledge Base Regional 144

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. About the Tracker.

Strategy 188

Strategy social media Regulation Retail 188

PYMNTS

MARCH 27, 2020

European Union and other regions currently fighting the pande mic. Around The Data Protection And Security World. The virus once again tested the boundaries of the EU’s GDPR rule, which has governed the transmission of online information in the region since 2018. Security . To learn more about U.S. About The Tracker.

Data 199

Data Retail US California 199

PYMNTS

MAY 11, 2020

The region is the fastest-growing economy worldwide, but the pandemic has slowed the number of people who will escape poverty, according to the World Bank. Some 60 percent of the global population calls the Asia Pacific home, according to UNFPA.

Regional 185

Regional Resources Tools Mobile 185

PYMNTS

JANUARY 17, 2018

Trend Lab, a startup developing artificial intelligence (AI) solutions for the FinTech market, has revealed it secured new funding. Trend Lab was established in less than three months by its Founder and CEO Tin Mok, reports said, who wants to enhance FinTech across Hong Kong and the Asia-Pacific region. million from angel investors.

Trends 116

Trends Big Data blockchain Regional 116

PYMNTS

NOVEMBER 19, 2020

This represents 59 percent growth over the past 10 years, much of it buoyed by a surge in sign-ups across the Oceania region. Keeping up with members’ demands can be a tall order for CUs, especially for smaller CUs that lack the resources and staffing levels of larger organizations. Around the Credit Union World. About the Tracker.

Alabama 228

Alabama Meeting Fraud Trends 228

PYMNTS

APRIL 30, 2020

Regulators are determining how to change these standards and where they apply for best results in a way that keeps both FIs, third-party providers and consumers as safe and secure as possible. How Open Banking And Data Privacy Is Developing In The APAC. About The Tracker.

Regulation 188

Regulation Regional Data United States 188

PYMNTS

AUGUST 17, 2018

Cointelegraph reports that the Committee on Energy and Natural Resources is set to hold a hearing next Tuesday (Aug. Beyond that, the hearing will also look into the ways blockchain can help improve the online security of computer systems that are linked to the energy system itself. Energy Manager Today reported on Thursday (Aug.

blockchain 102

blockchain United States Resources System 102

PYMNTS

FEBRUARY 4, 2020

Numerous regions then announced internal deadlines for compliance that often diverged from their neighbors’ deadlines. Each country had its unique business and bank concerns to address, and each firm had disparate resources to make the required changes. Security Concerns Mount . France, the U.K.

Fraud 144

Fraud Regulation Compliance Innovation 144

PYMNTS

MAY 29, 2018

The annual Kaspersky Lab Corporate IT Security Risks survey is a worldwide survey of IT business decision makers, which this year had a total of 6,614 respondents from 29 countries. Huge amounts of money are also consumed by belated security awareness training ($137,000 on average).” million in 2017. million in 2017.

Data 145

Data America Training Survey 145

PYMNTS

NOVEMBER 26, 2019

At the time of the suspension, the Bank of Lithuania released a statement that noted while “Lithuania is aiming to become a regional FinTech hub by creating favorable conditions for financial market participants” the central bank has “a zero-tolerance approach to any risk and irresponsible activities.”. An Opportunity for Collaboration.

Compliance 182

Compliance Regulation Fintech Resources 182

PYMNTS

JUNE 27, 2019

While large chains are developing their own in-house apps to capture revenue, regional chains and independent restaurants can partner with third-party platforms, as they often do not have the resources to support their own systems. This move follows the 2018 launch of the Starbucks Delivers program in the region.

Analytics 122

Analytics Data Los Angeles Mobile 122

PYMNTS

JULY 28, 2019

Initial coin offering (ICO) consultant CoinLaunch will pay $50,000 to settle with the Ontario Securities Commission (OSC). According to the regulator’s website , CoinLaunch was consulted on two ICOs, with both determined to be securities. As a result, CoinLaunch has agreed to pay a $50,000 fine.

Bitcoin 116

Bitcoin United States cryptocurrency Security 116

PYMNTS

JUNE 1, 2018

There are no upfront costs, licenses, or commitments – customers pay only for the resources they use. Developers can also benefit from Neptune’s advanced security capabilities, including network security through Amazon Virtual Private Cloud (VPC), and encryption at rest using AWS Key Management Service (KMS).

Oregon 100

Oregon Ohio Virginia Regional 100

PYMNTS

MAY 4, 2020

Merchants need to offer international customers their preferred payment methods to best cater to them, yet they must do so in a way that is fast and secure for their businesses,” the report states. This process often comes with high costs and demands extensive internal resources,” he said. Cross-Border, Cross Your Heart.

Payments 130

Payments Customer Experience Regional Online 130