PYMNTS

MARCH 30, 2020

The organization said that “the aim is to explore the potentialities offered by this technology, and to identify concrete cases integrating Central Bank Digital Currencies [CBDC] in innovative procedures for the clearing and settlement of tokenized financial assets.”

CBDC 98

CBDC Interbank Settlement Digital Currency Central Bank 98

PYMNTS

FEBRUARY 12, 2019

Then, they ask for money for something — maybe an emergency medical procedure, or a a ticket to come and visit in person. Romance scams are perpetuated by those who meet victims online and charm them over a period of time, gaining the trust and admiration of the target.

Romance Scams 53

Romance Scams FTC Scams Federal Trade Commission 53

PYMNTS

JUNE 22, 2020

based Novant is a nonprofit network consisting of more than 1,500 physicians and 15 medical centers in North Carolina, Virginia and South Carolina, according to its 2018 audited financial statements. Winston, N.C.-based Cedar brings a patient-centric and platform-enabled solution to this problem,” he added. Andreessen Horowitz and J.P.

Procedures 91

Procedures Audit Process Posting 91

The Fintech Times

SEPTEMBER 14, 2024

Guided by the FSC and supported by the FinTech Development Fund, TFSR and TABF jointly organised the 1st FinTech Taipei to great acclaim in 2018. Fintech Taipei – major fintech event in Taiwan. Taiwan’s advanced society is reflected in its financial services. Recent developments in fintech have been significant.

Innovation 119

Innovation FinTech Payment APIs and Integration Non-Bank 119

PYMNTS

FEBRUARY 10, 2020

The FCA has expanded oversight of the crypto industry due to anti-money laundering (AML) and counter-terror financing (CTF) procedures. The PRA advised banks in 2018 to “act in a prudent manner” when it comes to crypto assets. The agency made it mandatory that all crypto firms must register.

FinTech 82

FinTech Money Laundering Cryptocurrency Fed 82

PYMNTS

JANUARY 31, 2019

British restaurants hit a milestone in 2018 — the number of insolvent ones hit an all time high, and has even doubled since 2010, according to report by Reuters. In 2018, there were 1,442 restaurant insolvencies, which is an increase of 40 percent from a year before.

Procedures 57

Procedures Accounts Regulations Consumer 57

PYMNTS

OCTOBER 18, 2016

firms to immediately initiate security standards and procedures to protect against cybersecurity threats. business could collectively face in 2018 for cybersecurity breaches. £18 King advises U.K. Here are the data: £122 billion | The amount in fines that U.K. 90 percent | The number of large U.K. 74 | The number of small U.K.

Breach 64

Breach Cybersecurity Data Breach Laws 64

PYMNTS

AUGUST 19, 2019

The North Carolina-based bank filed a “Multi-Tiered Digital Wallet Security” application in February 2018 with the United States Patent and Trademark Office (USPTO), Coindesk reported. With the procedure, users would be asked to enter one out of multiple passwords.

Multi-Currency 77

Multi-Currency ATM Procedures Blockchain 77

PYMNTS

JUNE 24, 2019

trillion in 2018. In early 2018, the company said it had teamed with JPMorgan and Berkshire Hathaway , working jointly through an effort known as Haven (the name was unveiled in March), where the focus is on making affordable medical treatments more accessible. billion if those patients were offered payment plans. billion.

Procedures 53

Procedures Payments Non-Bank Payer 53

PYMNTS

JUNE 29, 2020

Open banking is typically achieved via application programming interfaces (APIs), sets of rules and procedures that permit developers to create algorithms and applications that access features or data or interact with other systems.

MFA 96

MFA Risk Security API 96

PYMNTS

SEPTEMBER 30, 2018

In a press release , the SEC said it charged Tesla with failing to have required disclosure controls and procedures relating to Musk’s Tesla going private tweets and Tesla stocks, a charge that Tesla has agreed to settle. Musk and Tesla are each paying $20 million penalties, with the $40 million being distributed to harmed investors. “As

Procedures 58

Procedures Settlement Security Addressing 58

PYMNTS

JULY 2, 2020

Zuckerberg testified in 2018 on Facebook’s use personal data of millions of users without their permission, and about its company’s proposed digital currency, Libra, last year. Pichai testified in 2018 over charges that Google is politically biased in its treatment of content.

Federal Trade Commission 68

Federal Trade Commission Procedures Digital Currency Rules 68

PYMNTS

DECEMBER 20, 2018

Melamed pointed to its vendor agreement as one example: Earlier in 2018, Morgan Stanley reduced the document to one page from twenty, which resulted in startups and Morgan Stanley inking agreements in as short as one week. That compares to the typical three months it took in the past.

FinTech 76

FinTech Agreements Procedures Acquirers 76

PYMNTS

FEBRUARY 7, 2019

The State Bank of Pakistan published its State of Pakistan Economy Report for the first quarter of Fiscal Year 2018, pegging ICT exports at $1 billion for 2018. “Furthermore, most firms simply opt out of negligence and lack awareness about the proper export procedures.” But the true value could be as high as $2.5

Central Bank 66

Central Bank PayPal Procedures Economy 66

PYMNTS

FEBRUARY 17, 2020

In 2018, that was 28.4 The recent acquisition of healthcare tech startup Simplee, combined with the 2018 acquisition of OnPlan and its consumer-facing healthcare payments platform, makes Flywire a serious contender to leverage its end-to-end payment capabilities in healthcare payments, he said. That may not come as much of a surprise.

Payments 91

Payments Payment Reconciliation Consumer Procedures 91

PYMNTS

JANUARY 24, 2020

The orders force the bank to undergo serious scrutiny of its practices until it shows it has repaired its procedures that allowed the scandal to happen in the first place. The asset cap was announced in 2018, and there’s no timeline in place for when it will be removed. The bank has paid out tens of millions so far.

Continuity 72

Continuity Office of the Comptroller of the Currency OCC Federal Reserve 72

PYMNTS

SEPTEMBER 16, 2020

The release touts the improvements the Veem technology will make on the international transfer process, using the better parts of the old system with new digital wallet and blockchain technology to boost the procedures, integrating with programs like Quickbooks, Xero and NetSuite.

Cross-Border 61

Cross-Border B2B Procedures Blockchain 61

PYMNTS

DECEMBER 19, 2018

” Employees who were hired, transferred or left the agency from July 2006 to October 2018 may have been affected by the hack, although NASA isn’t sure how many people were impacted. NASA does not believe that any Agency missions were jeopardized by the cyber incidents.” Information security remains a top priority for NASA.

Data Breach 70

Data Breach Breach Cybersecurity Social Security 70

PYMNTS

JANUARY 3, 2019

A new study has revealed that retailers will lose around $130 billion in digital CNP (Card-not-Present) fraud between 2018 and 2023. includes enhancements to support new authentication procedures for online purchases, which could help stop unauthorized card not present transactions.

EMV 60

EMV Fraud Detection Consumer Authentication Authentication 60

PYMNTS

JULY 29, 2019

As noted by the Financial Crime Enforcement Network (FinCEN), the number of reports of BEC rose to a monthly average of more than 1,100 in 2018, where the tally had been 500 in 2016. That translates to a value of attempted BEC threats that jumped from $110 million monthly in 2016 to $301 million monthly in 2018. billion.

Business Email Compromise 55

Business Email Compromise Scams Fincen Crime 55

FICO

MARCH 24, 2021

The graph below shows the trend of TBML-related SARs filed with FinCEN between 2014 and 2018. Additionally, as per the DOJ’s 2020 updated guidance on evaluating corporate compliance programs, the key elements of a compliance program include the following: Written policies, procedures, and standards of conduct.

Money Laundering 98

Money Laundering SARS Financial Crimes Fincen 98

PYMNTS

FEBRUARY 25, 2020

In separate news, the FTC released a warning last year about potential “ romance scams ,” which cost victims a collective $143 million in 2018. They then ask for money for something — maybe a ticket to come and visit in person or an emergency medical procedure.

Scams 64

Scams Romance Scams FTC Federal Trade Commission 64

PYMNTS

APRIL 15, 2019

And KPMG said it “reacted and drew attention to, among other things, procedural failures in connection with the area of money laundering, both to the management and the board.

Money Laundering 70

Money Laundering Audit Authorization Procedures 70

PYMNTS

DECEMBER 3, 2019

Financial institutions should follow standard SAR procedures and submit a report only if there is questionable behavior. If banks have additional questions regarding the Agriculture Improvement Act of 2018 (2018 Farm Bill) and its regulations, they can contact the USDA, state departments of agriculture and tribal governments.

Suspicious Activity Report (SAR) 55

Suspicious Activity Report (SAR) BSA Rules Office of the Comptroller of the Currency 55

PYMNTS

SEPTEMBER 30, 2019

The money will be used to keep the business running while it goes through bankruptcy procedures. Data shows that stores are closing or filing for bankruptcy this year at a faster pace than in 2018. Forever 21 is among many retailers that have filed for bankruptcy to reorganize as shoppers abandon malls in favor of online shopping.

Shutdown 59

Shutdown Procedures Returns Government 59

PYMNTS

AUGUST 2, 2019

Launched in 2018, the project monitors products sent via several steps to the customer, including product returns, to prevent counterfeit drives from being sent back. Data storage firm Seagate revealed that it has moved its anti-fraud blockchain project with IBM into the pilot stage.

Blockchain 59

Blockchain Transactions Returns Bitcoin 59

PYMNTS

FEBRUARY 4, 2019

One of the problems that AML/KYC procedures face is lack of standardization. The issue dates to 2014, when the procedures were first rolled out by FinCEN, which intentionally left out specific authentication standards that FIs must follow. The Dutch market faced the highest AML violation penalties in a decade in 2018.

AML 64

AML Money Laundering Due Diligence Fincen 64

PYMNTS

MARCH 24, 2019

The claims come after British Airways suffered a data breach in the summer of 2018 that resulted in the data of more than 400,000 British Airways customers getting stolen. All our systems and procedures at our call centers in Bremen, and elsewhere, are regularly audited,” the airline said in response to an inquiry by The Financial Times.

Security 58

Security Data Breach Data Security Breach 58

PYMNTS

SEPTEMBER 10, 2019

While cooperating in all aspects of the investigation, we are devoting our utmost efforts to procedures for securing/recovering the leaked funds.”. He recommended third-party validation for any financial requests, as well as the adoption of payment procedures that similarly require multi-step authentication and approval.

Email Compromise 46

Email Compromise Compromise Cybersecurity Scams 46

Fi911

JANUARY 4, 2024

General Data Protection Regulation (GDPR) Effective in the EU from 2018, the GDPR imposes strict rules on the usage and storage of cardholder data, emphasizing consumer privacy. While it currently affects EU-based merchants, similar regulations, like the California Consumer Privacy Act (CCPA), are being considered in other jurisdictions.

Disputes 95

Disputes Laws Rules Governance 95

PYMNTS

JUNE 18, 2020

The news comes as DoorDash rolled out Main Street Strong, which comes with a collection of initiatives, procedures and offerings designed to assisting its eatery partners fuel sales on the path to recovery and handle the new normal. DoorDash had a $13 billion market value just last year, or almost tenfold higher than what it was in 2018.

Procedures 56

Procedures Facilitators Finance Continuity 56

PYMNTS

OCTOBER 12, 2020

The procedure will make payments to Certified SBEs twice as quickly as the standard process of 30 days, while discounts will not be deducted from payments unless they are negotiated in the contracts ahead of time. Its 2019 annual report determined that 53.8 percent of bills were paid on schedule in Thailand, while only 1.1

Small Business 74

Small Business Payments Authorization B2B 74

FICO

FEBRUARY 25, 2019

After a 2018 that had its highs and lows, what might 2019 have in store from a credit risk management standpoint? 2018 SCE Credit Access Survey. Since October 2009, the average year-over-year FICO Score has steadily and consistently increased , from a low of 686 in 2009 to the latest high of 704 as of 2018. has experienced.

Credit Risk 63

Credit Risk Underwriting Origination Fed 63

PYMNTS

JULY 16, 2020

Researchers in the International Chamber of Commerce (ICC) Global Survey 2018 report discovered supply chain finance to lead priorities at banks, as 42 percent of those polled prioritized expansion in supply chain finance in the coming year. Trade finance is still a key tool for cross-border B2B trade.

Finance 54

Finance Cross-Border Procedures B2B 54

PYMNTS

AUGUST 21, 2019

To counter criticism of its independent contractor procedures, Instacart announced a series of new benefits for its contract shoppers, VentureBeat reported on Wednesday (Aug. billion in 2018, according to a report published by research firm Technomic. Instacart made these decisions as online delivery services gain in popularity.

Procedures 56

Procedures On-Demand Participant Research 56

PYMNTS

FEBRUARY 7, 2020

To become part of the program, merchants would need to meet some guidelines, like having clearly defined shipping procedures along with contact information for customer service. A 2018 GfK study noted that 87 percent of personal care and beauty pinners visit the platform when considering what to purchase.

Procedures 51

Procedures Consumer Product 51

PYMNTS

MARCH 5, 2019

These are petty, procedural issues like counterparty confirmation and nothing major or structural,” one unnamed banker told Reuters. One of the rules required banks to connect with the SWIFT messaging system for banks by April 30 of 2018. The specific reasons for the non-compliance was not released.

Non-Bank 56

Non-Bank SWIFT Compliance Procedures 56