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Guarding the Gates: Data Compliance and Privacy

Segpay

The rise of data privacy concerns has led to a surge in global regulations, such as the EU General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA), which are drafted to protect peoples individual data protection rights. Africa and Asia show different levels of adoption with resp.

Privacy 105
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NJ Legislators Propose Tighter Data Privacy Regulations

PYMNTS

Lawmakers in New Jersey are proposing a bill to solidify data privacy guidelines and inflict tougher limits on the tech industry, The Wall Street Journal reported on Monday (March 2). New Jersey joins Washington, Illinois and other states and regions in introducing data privacy laws.

Privacy 99
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US Retailers Confront Data Privacy Shifts

PYMNTS

While the advancement of open banking regulations may be seeing a small skip due to the spread of the coronavirus , many countries saw business and typical banking operations halted right after deciding upon new online privacy rules. RILA Explains How New Data Privacy Rules Are Impacting U.S. The virus is sweeping through the U.S.

Privacy 79
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Why APIs, Privacy Are Key To Open Banking Innovation

PYMNTS

The EU’s PSD2 and GDPR regulations were passed in 2018 and designed with a primary focus on interoperability between open banking systems around the world. The APAC’s recent moves speak to FIs’ and regulators’ desires for global data privacy and digital banking standards. these programs appear to have remained the same in most markets.

Privacy 98
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New Class Action Lawsuit Alleges Plaid Violated User Privacy

PYMNTS

Plaid is facing a lawsuit which alleges that it has violated users’ privacy and used customers’ private data in inappropriate manners for years, affecting over 200 million individual accounts, according to a court filing with the northern district of California. Early in 2020, Visa pledged to buy Plaid for $5.3 billion, PYMNTS reported.

Privacy 83
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Array Acquires Consumer Debt Management Company Payitoff

Finovate

HelloPrivacy monitors and removes personally identifiable information (PII) from the web to help defend against identity theft, robocalls, and other privacy risks. Founded in 2018, Payitoff was born out of CEO Bobby Matson’s personal struggle to pay off “six-figure student loans and debt.”

Acquirers 105
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Can Regulating Wearables Protect Data Privacy?

PYMNTS

However, as IoT continues to proliferate in more industries and use cases, concerns about data privacy have quickly followed, with consumers and lawmakers ra ising concerns about attacks from bad actors. IoT-related revenue grew by 15 percent in 2018, according to an industry study.

Privacy 81