PYMNTS

JANUARY 2, 2020

In today’s top payments news, JPMorgan blocks FinTechs from accessing customers’ passwords, and Ant Financial and Razer throw their hats into the ring for one of Singapore’s five available digital banking licenses. JPMorgan Ups Security By Blocking FinTechs From Passwords. JPMorgan Ups Security By Blocking FinTechs From Passwords.

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Blocks FinTech eWallet B2B 53

PYMNTS

DECEMBER 19, 2019

A total of 41 apps were found to be not in compliance of user data rules, according to regulators, and violations included improperly collecting or using information about visitors to their services. The rules of the regulators are secret, but discussion of politically sensitive topics has been known to disappear from websites.

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Privacy Regulations Rules Authorization 52

Neopay

NOVEMBER 27, 2023

In the US, the Consumer Financial Protection Bureau published a proposed rule that would see non-bank financial companies that handle more than five million transactions per year face the same rules as large banks and credit unions.

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FinTech CashApp Rules Non-Bank 52

PYMNTS

SEPTEMBER 13, 2020

Some central banks and regulators expressed concern that Libra could hurt monetary policy, make it easier for money laundering schemes and strip away privacy, according to Reuters. As a result, they threatened to block it, and the project has been on hold.

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Central Bank Cryptocurrency Regulations Stablecoins 145

PYMNTS

APRIL 1, 2020

Washington State Governor Jay Inslee signed a bill on Tuesday (March 31) establishing specific rules – backed by Microsoft – governing facial recognition software, according to a blog by Bill Smith, president of Microsoft. In our view, this required a legal floor of responsibility, governed by the rule of law,” Smith said.

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Laws Law Enforcement Government Governance 121

PYMNTS

SEPTEMBER 7, 2020

District Court Judge Yvonne Gonzalez Rogers for the Northern District of California ruled Apple can’t block the game maker from accessing Unreal Engine tools, a popular game engine developed by Epic that is used to build 3-D games on Apple platforms. “Apple has driven a stake in the ‘Fortnite’ community,” Epic said in its filing.

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Rules Blocks Privacy Continuity 78

PYMNTS

JANUARY 26, 2020

Lee told CNBC he wanted to follow that lead with healthcare as the company moves forward amid new Department of Health and Human Services rules that prevent companies from blocking patient information. That would have the effect of making it quicker for healthcare developers to build appropriate apps.

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Rules Privacy Credential Blocks 60

Payments Source

JULY 19, 2019

Lawmakers from both parties strongly criticized Libra this week, but largely steered clear of proposals to stop it.

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Blocks Rules Privacy Finance 81

PYMNTS

SEPTEMBER 11, 2020

The change, which is planned as a feature in iOS 14 to be released later this year, would give device users the option to block tracking when opening an app. Apple disclosed this week that it will delay the new privacy rule that its opponents say would hurt Facebook and other firms that rely on ad revenues.

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Rules Blocks Privacy Returns 63

PYMNTS

APRIL 18, 2018

Russia is making good on its threat to ban Telegram by blocking IP addresses owned by Google and Amazon, saying they were being used by the messaging service. On Monday (April 16), a Russian court made it easier for the government to block Telegram after its creators refused to turn over access to its users’ encrypted messages.

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Blocks Encryption Authorization Addressing 43

PYMNTS

OCTOBER 8, 2020

“It’s not happening because people are not used to it, they’re not aware of it as a security flag, and they don’t have the rules in place,” he said, adding that fear of losing business is also a factor. For instance, Briggs recalled that he was once blocked from paying some large bills online while traveling in Italy.

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Addressing Checks Online and Mobile Banking Crime 106

PYMNTS

APRIL 16, 2018

A Russian court has made it easier for the government to block the Telegram messaging app after its creators refused to turn over access to its users’ encrypted messages. According to The New York Times , Roskomnadzor, Russia’s state communications watchdog, requested the authority to block the app’s use in Russian territories.

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Blocks Encryption Authorization Rules 40

PYMNTS

FEBRUARY 4, 2020

These markets’ proposed privacy and banking rules are largely modeled after GDPR and PSD2, so regulators must avoid the stumbling blocks that banks and businesses hit soon after implementation. GDPR and PSD2 have significantly shifted how EU banks and businesses exchange online funds and consumer data.

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Authentication Regulations Compliance Privacy 57

PYMNTS

DECEMBER 12, 2019

Action by the FTC would probably involve an order that would force Facebook to stop enforcing its policies regarding apps, as well as blocking it from integrating apps any further, which could complicate things if the company is eventually ordered to break up. The FTC action could happen as soon as next month.

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FTC Federal Trade Commission Interoperability Encryption 52

PYMNTS

MAY 9, 2019

Nor is the idea of appointing a privacy executive to oversee how it handles data. According to media reports, as part of the FTC settlement, Facebook would be required to hire executives to implement privacy policies and create an independent board to asses if it is practicing those policies.

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FTC Federal Trade Commission Privacy Governance 43

The Fintech Times

AUGUST 13, 2024

As attacks become more complex, so do the prevention measures, enabling us to monitor 2,400 transactions per second and identify and block fraud. The old ways of fraud detection relied on static rules that could not keep pace with rapidly evolving fraud tactics. What are some AI fraud trends we’re seeing in Latin America?

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AI Fraud Detection Fraud Prevention Deepfake 59

PYMNTS

MAY 28, 2018

Perhaps among the poster children for debates around data and privacy, Facebook came into the headlines this past week. The news was that four complaints were filed against the company by privacy activist Max Schrems, centered on consent required to use online services.

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Office of the Comptroller of the Currency Money Laundering Privacy Non-Bank 40

PYMNTS

JANUARY 31, 2020

Other regulators in Australia, India and Singapore are examining financial innovation rules of their own, using GDPR and PSD2 as guidelines. The European Data Protection Board (EDPB) recently issued updated guidelines for compliance with GDPR, aiming to help affected banks and businesses answer any lingering questions about the rule.

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Authorization Regulations API Rules 54

PYMNTS

FEBRUARY 22, 2019

New rulings like the European Union’s Revised Payment Services Directive (PSD2) and General Data Protection Regulation (GDPR) are calling for greater transparency and customer interaction from companies, and that call is now reverberating beyond Europe. Data Privacy and the Rise of IoT.

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Security Privacy Laws Consumer 43

PYMNTS

JUNE 9, 2019

Spending by the tech companies is going to lobbying varying issues including competition and privacy. A European Commission spokesperson said the Commission plans to defend its ruling in court. The report noted Apple spent $6.68 million in 2018, which is down a little bit from 2017 and much higher than in 2016.

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Federal Trade Commission Blocks Regulations Privacy 46

PYMNTS

OCTOBER 14, 2016

Emin Gün Sirer from Cornell made a pertinent statement on the final day of the Scaling Bitcoin conference: “We were all busy arguing about the block size, but everything else is crucial.” ” For many, block size is no longer the way to increase the network’s capacity. Let’s talk about throughput.

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Bitcoin Blocks Central Bank Digital Currency 77

Exact Payments

JANUARY 4, 2024

Firewalls act as a virtual barrier between your trusted business network and untrusted networks like the internet, constantly monitoring and regulating the flow of traffic based on predefined security rules. This approach helps create a secure environment, safeguarding both businesses and customers from potential cyber threats.

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PCI DSS Compliance Audit Encryption 52

PYMNTS

JUNE 1, 2020

Visa and Mastercard and the card brands in the last two years have made more updates and changes to their chargeback rules and technologies than they did in the previous 25 years,” he told Webster. In the brave new world of life (and commerce) done digitally, questions surrounding data sharing — and privacy — naturally arise.

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Cross-Border Payments Privacy Issuers 69

PYMNTS

APRIL 12, 2017

According to Bitfinex, this effectively blocks stateside customers from selling virtual currency holdings. Federal Reserve, said in a statement last month, noting that significant security and privacy issues still exist in the digital currency space that need to be addressed. Powell, a governor of the U.S.

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Wire Transfer Bitcoin Federal Reserve Digital Currency 40

PYMNTS

JUNE 17, 2019

Promising as intelligence of things (IoT) solutions are, though, security has been a stumbling block. A national privacy law hasn’t become a reality as yet, though that is in part because there isn’t a consensus on how strict it should be. Smart technology is what makes ordering by voice and remotely monitoring your home possible.

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Security Laws Interoperability Credential 69

PYMNTS

MARCH 2, 2020

The damage to both the bank — experts estimate the hack cost it more than $100 million — and its customers’ data privacy cannot be overstated, but what made this attack particularly worrisome was that Capital One’s and AWS’ cloud security measures were considered to be fairly robust.

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Security Fraud Detection Breach Data Breach 89

PYMNTS

SEPTEMBER 24, 2019

And yet, may the leap to exchanges for futures, or other trading, run into stumbling blocks? We have seen in the past that this has led to some delistings of alt coins on privacy concerns. We have seen in the past that this has led to some delistings of alt coins on privacy concerns.

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Bitcoin Travel Rule Cryptocurrency Money Laundering 72

PYMNTS

OCTOBER 29, 2018

These pieces of legislation introduced new rules about how companies and entities address issues of accountability, documentation, privacy reviews and design, and also impose high fines for non-compliance. As a result, banks would do well to implement proactive account and transaction monitoring to guard against cyberattacks.

Security 76

Security Payment APIs and Integration API Authentication 76

Nanonets

MAY 10, 2023

Legal Education: Keeping up-to-date with new laws, rules, and regulations is essential but time-consuming. Analyzing references and citations Chat GPT can analyze all cases that cite specific statutes, regulations, or court rules. For example, we asked the ChatGPT to name the most famous court cases that cite New Kids on the Block v.

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Legal Laws AI Procedures 52

PYMNTS

JANUARY 6, 2020

The Netherlands had its moment in the spotlight earlier this year when all the issues keeping it from implementing the rule were put on display. Dutch officials grappled with the specific changes the regulation would bring to business and financial operations, including data security and protection, before agreeing to support the rule.

Payment APIs and Integration 52

Payment APIs and Integration Regulations API Rules 52

Nanonets

APRIL 12, 2024

Compliance Risks: Outsourcing reconciliation services may introduce compliance risks, particularly concerning regulatory requirements and data privacy laws.  Scalability: Whether processing hundreds or thousands of transactions, automated software can handle increased workload without sacrificing performance or accuracy.

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Reconciliation Accounts Automation Compliance 52

PYMNTS

APRIL 9, 2019

The newspaper reported that, as disclosed by Kevin Chan, head of public policy for Facebook Canada, Facebook has plans to put in place new rules governing paid political advertising on that country and is making efforts to block attempts to meddle in the elections.

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Authorization Blocks Breach On-Demand 40

PYMNTS

JUNE 2, 2016

Google is a full half of the market, and given the new slew of ISP rules coming care of the FCC, it will be hard for any new entrant to wrest that away. The big bummer in the story this year was privacy, as users are very conflicted about exchanging access to their information for access to free or subsidized content.

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Privacy FTC Blocks Innovation 43

PYMNTS

JULY 18, 2018

PSD2 — along with the European Union’s (EU) newly enacted General Data Protection Regulation (GDPR), which covers online privacy and security — promises to slowly influence the global digital economy in ways that will take time to be seen clearly. Call Center Threat.

Fraud Prevention 41

Fraud Prevention Account Takeovers Online and Mobile Banking On-Demand 41

Nanonets

JUNE 15, 2023

Automated Approval Workflow : Based on predefined rules, the system automatically routes the validated invoices to the appropriate approvers. Automated Claims Investigation : An automated rule-based system conducts a preliminary investigation of the claim. Set up any postprocessing blocks to process data extracted from documents.

Automation 52

Automation Payment APIs and Integration Audit Process 52

Segpay

AUGUST 20, 2024

For example, several Asian countries have taken measures to restrict Chinese TikTok due to concerns over data privacy and the protection of minors. The Great Firewall and content-monitoring systems block access to adult sites, reflecting the ruling communist party’s focus on supporting social morality and controlling internet content.

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Verification Laws Legal Privacy 105

PYMNTS

DECEMBER 21, 2020

The European Union ’s governing European Commission published drafts of new rules for digital services that would cover social media, digital marketplaces and other platforms. Facebook to Migrate UK Users to California Privacy Agreement Due to Brexit. Facebook Ad Criticizes Apple Over Privacy Changes. and Europe. Facebook’s U.K.

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Privacy Agreements Federal Trade Commission Regs 57