Fintech News

FEBRUARY 10, 2025

The Regulatory Minefield as Agentic AI Picks Up Its Pace As Agentic AI rapidly evolves in its development and application, regulators face several concerns that need to be carefully addressed to ensure its safe and ethical use within the fintech sector. What Lies Ahead?

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AI FinTech Fraud Detection Fraud Prevention 78

Fi911

JANUARY 4, 2024

We will provide insight into how these regulations differ between card schemes, and help financial institutions to better understand the dispute process from all sides. Certain regulations known as “chargeback rules” are, in fact, based on legal statutes. These are some of the key pieces of legislation and regulation.

Disputes 99

Disputes Laws Rules Government 99

PYMNTS

MARCH 31, 2020

The necessity of such regulations is undeniable, however, as lagging data standards leave businesses and consumers open to fraud and boost frustration regarding the speed of digital transactions. Other firms have followed Evite’s example in the two months since CCPA became effective. Sixty-three percent of U.S. Defragmenting the U.S.

Regulations 61

Regulations CCPA Consumer Privacy 61

The Payments Association

MARCH 19, 2025

Regulatory challenges Regulators are in a race against time. Since digital wallets store vast amounts of sensitive financial data, regulators worldwide are strengthening requirements to enhance data privacy and security. This offers transparency in data usage to alleviate consumer concerns. The result?

Digital Payments 88

Digital Payments Finance Online and Mobile Banking Payments 88

VISTA InfoSec

JUNE 3, 2024

If your company has ever worked with businesses in European Union countries, you probably had to follow the EU’s General Data Protection Regulation (GDPR). Compliance with Other Standards and Regulations While GDPR sets a high bar for data protection, organizations must also consider compliance with other relevant standards and regulations.

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MFA Credential PCI DSS Compliance 130

PYMNTS

FEBRUARY 10, 2020

And except when you’re the first retailer to get rung up under the new California Consumer Privacy Act (CCPA). 1, the first-class action lawsuit alleging data breaches under the CCPA was filed on Feb 5. The CCPA is similar to the European Union’s General Data Protection Regulation ( GDPR ), which took effect in 2018.

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CCPA Laws Privacy Data Breach 62

PYMNTS

SEPTEMBER 30, 2020

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.

Privacy 70

Privacy Regulations Laws Rules 70

VISTA InfoSec

JULY 17, 2024

Think about the various regulations around the world. The EU has GDPR , while the US sticks to HIPAA for health data and CCPA in California for consumer privacy. Navigate legal and regulatory frameworks Dealing with laws and rules about cybersecurity in different countries is a must.

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Cybersecurity Compliance Encryption Best Practices 238

PYMNTS

MARCH 27, 2020

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. Considering t he global nature of COVID-19, regulators outside of the U.S. Security .

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Privacy CCPA Rules Regulations 79

PYMNTS

FEBRUARY 10, 2020

And except when you’re the first retailer to get rung up under the new California Consumer Privacy Act (CCPA). 1, the first-class action lawsuit alleging data breaches under the CCPA was filed on Feb 5. The CCPA is similar to the European Union’s General Data Protection Regulation ( GDPR ), which took effect in 2018.

CCPA 52

CCPA Laws Privacy Data Breach 52

PYMNTS

JUNE 9, 2020

The EU enacted open banking rules in 2018, inspiring regulators worldwide to reconsider how they were transacting funds or transmitting data. The COVID-19 pandemic’s impact on daily business has generated new questions surrounding these initiatives that regulators are now scrambling to answer. and the EU. Australia and Canada.

Privacy 52

Privacy Regulations Online and Mobile Banking CCPA 52

VISTA InfoSec

SEPTEMBER 14, 2023

If your business engages with these customers, it is subject to the EU’s General Data Protection Regulation (GDPR). This extensive data privacy regulation has an impact on many U.S. Yes, companies in the US, as well as US companies inside of the EU, are bound by the GDPR’s regulations. entities due to its extraterritorial reach.

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Compliance Privacy Legal Processors 130

PYMNTS

NOVEMBER 10, 2020

PAAY’s latest utility set “combines 3DS, hardware-based encryption, and vaultless tokenization to provide merchants a liability shift, strong customer authentication, data confidentiality, and compliance with the General Data Protection Regulation (GDPR) and the Payment Services Directive 2 (PSD2),” according to the statement.

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Transactions Security Encryption CCPA 93

PYMNTS

APRIL 30, 2019

Last year, California passed the California Consumer Privacy Act ( CCPA ), which allows state residents to request to see the data that businesses collect on them, ask that it be deleted, opt out of having that data sold to third parties, and more. In addition, another bill, AB 846, would change restrictions on loyalty card programs.

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Privacy CCPA Consumer Wire 46

PYMNTS

NOVEMBER 5, 2019

Two Democrats have introduced a new bill that would create a federal agency tasked solely with regulating the tech industry. Anna Eshoo and Zoe Lofgren, both of California, would lead to the creation of the Digital Privacy Agency (DPA), a federal agency that would issue regulations and enforce imposed privacy rules.

Regulations 40

Regulations Privacy CCPA Legal Framework 40

Segpay

NOVEMBER 26, 2024

Compliance with Regulations : Many industries, especially financial services, are subject to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, which mandate the verification of customers’ identity to prevent illegal activities like money laundering, terrorism financing, and tax evasion.

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Verification Identity Theft Money Laundering Due Diligence 111

PYMNTS

SEPTEMBER 24, 2020

regulators have debated how companies can team up with third-party cloud providers while adhering to regulations such as GDPR, and noncompliance can lead to high-priced consequences. GDPR has been a blueprint for many online data and privacy regulations rolled out around the world. EU and U.K.

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Compliance Online and Mobile Banking CCPA Rules 60

PYMNTS

JANUARY 3, 2020

California has passed the California Consumer Privacy Act (CCPA), a sweeping law that forces companies to tell customers about the data they gather about them, and to allow customers to opt out of those practices. Even the attorney general is still figuring out specifics and probably won’t start enforcing the law until July.

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Laws Privacy CCPA Compliance 53

PYMNTS

JANUARY 3, 2020

California has passed the California Consumer Privacy Act (CCPA), a sweeping law that forces companies to tell customers about the data they gather about them, and to allow customers to opt out of those practices. Even the attorney general is still figuring out specifics and probably won’t start enforcing the law until July.

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Laws Privacy Compliance CCPA 52

PYMNTS

FEBRUARY 28, 2020

The California Consumer Privacy Act (CCPA) is a state-level data security measure mandating best security and privacy practices for business and organizations — including credit unions. Proper implementation of the CCPA will go a long way toward building members’ trust in their CUs by protecting their personal data from theft.

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Credit Union CCPA Data Breach NCUA 52

VISTA InfoSec

OCTOBER 21, 2024

Think about the various regulations around the world. The EU has GDPR , while the US sticks to HIPAA for health data and CCPA in California for consumer privacy. Navigate legal and regulatory frameworks Dealing with laws and rules about cybersecurity in different countries is a must.

Cybersecurity 147

Cybersecurity Compliance Encryption Best Practices 147

PYMNTS

DECEMBER 30, 2019

The law, called the California Consumer Privacy Act (CCPA), is one of the most significant changes ever made to the way data is collected by U.S. The law is similar to Europe’s General Data Protection Regulation (GDPR), which broadly changed the way companies in the region were allowed to deal with customer data.

Laws 52

Laws Privacy CCPA Compliance 52

PYMNTS

NOVEMBER 26, 2019

Zoe Lofgren, would lead to the creation of the Digital Privacy Agency (DPA), a federal agency that would issue regulations and enforce imposed privacy rules. The proposed legislation is stronger than the California Consumer Privacy Act (CCPA), which is one of the toughest in the country.

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Privacy Federal Trade Commission CCPA Laws 59

PYMNTS

FEBRUARY 25, 2020

That transaction has spawned major regulations in the European Union (GDPR) and California (CCPA). Understanding what customers want, giving them control over how and where their data is used, and leading them to the next best content and action is how retailers ultimately solve for these contradictions.”.

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Privacy CCPA On-Demand Consumer 81

FICO

APRIL 3, 2019

New regulations require more accountability for organizations in understanding and managing the risk of data loss both internally and through interactions with third parties. You can have the best cybersecurity in the world, but if your vendor suffers a breach, your data, your customers and your reputation are at risk.

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CCPA Cybersecurity Breach Risk Management 58

PYMNTS

NOVEMBER 24, 2020

Providers need to stay aware of how advancing regulations — such as California’s CPPA, the strictest data protection law in the U.S. — Verifying that prescriptions are going to the correct patients in a way that is compliant with privacy regulations is thus a familiar challenge for the healthcare space, Breese explained. .

Privacy 64

Privacy Regulations CCPA Rules 64

PYMNTS

NOVEMBER 11, 2019

Microsoft has promised to follow California’s privacy law throughout the United States after the regulation goes into effect on Jan. The California Consumer Privacy Act (CCPA) gives consumers in California the right to access any and all personal data that a company has on them and request that it be deleted and not sold.

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Privacy Consumer CCPA Laws 43

PYMNTS

SEPTEMBER 4, 2019

Facebook is asking global regulators to write new data sharing guidelines after the company was compelled to revamp its own approach to the issue, according to a report in the Financial Times. CEO Mark Zuckerberg has been asking for more regulation for his company as well as others, especially in the areas of privacy and election integrity.

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CCPA Privacy Regulations Rules 43

PYMNTS

MARCH 30, 2020

California Consumer Privacy Act (CCPA), Washington Privacy Act (WPA) and other new privacy and online transaction standards are changing how businesses interact with consumers’ data in the U.S. states are starting to implement new standards, too, with the CCPA introduced two months ago and WPA on the path to ratification in Washington.

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Privacy Rules CCPA Online and Mobile Banking 52

PYMNTS

JANUARY 6, 2020

3, 2020, the California Consumer Privacy Act (CCPA) went into effect, ushering in the strongest consumer data protections in the U.S. While the new regulations are creating uniformity and fostering trust, small differences between markets continue to present opportunity. The Kismet of Open Banking.

Online and Mobile Banking 52

Online and Mobile Banking CCPA Regulations Consumer Authentication 52

PYMNTS

SEPTEMBER 26, 2019

An estimated half-million businesses will be affected when the new California Consumer Privacy Act (CCPA) comes into effect on Jan. Once the new law takes effect, the California attorney general will overnight become one of the most powerful privacy regulators in the world,” Lindsey Tonsager, partner at global law firm Covington, told FT.

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Laws Privacy CCPA Consumer 46

PYMNTS

JULY 15, 2020

That’s bureaucratic code for “Regulators will be checking on ‘Know Your Patient’ (KYP) compliance in the near future.” must comply with federal regulations regarding the storage and management of medical data as well as any relevant state rules that have recently come into play,” according to the July 2020 Digital Identity Tracker®.

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Data Breach CCPA Breach Social Security 58

PYMNTS

NOVEMBER 7, 2019

Earlier studies found a surprising lack of both consumer and merchant awareness about the European Union’s Strong Customer Authentication (SCA) and second Payment Services Directive ( PSD2 ) regulations. Post-SCA deadline, a lack of readiness persists. Challenges in the EU and Beyond. That isn’t the case, however. The Benefits of SCA

Consumer 49

Consumer CCPA Privacy Regulations 49

PYMNTS

NOVEMBER 6, 2019

The impact of the regulation on the way payments and authentication can be conducted is being felt throughout the EU, but regulators in a variety of markets are still evaluating how SCA can best be applied. Security is not the only challenge merchants and PSPs need to meet as the regulation finally spreads throughout Europe.

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Consumer Privacy Authentication CCPA 44

Stax

MARCH 6, 2024

Non-compliance can result in significant fines and damage to reputation, making it imperative for businesses to stay informed about and adhere to relevant regulations and standards. Q: What regulations apply to recurring billing? Effective communication and automation tools are vital to manage this process smoothly.

Best Practices 88

Best Practices PCI DSS Payment Gateways Gateways 88

PYMNTS

JUNE 26, 2019

Regulations can build trust and goodwill, though. GDPR and PSD2 have been an inspiration toward open banking and data protection regulations beyond Europe’s borders. PSD2’s impact in Europe has not gone unnoticed by regulators in other areas of the world. SCA is intended to make online transactions safer for consumers.

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Privacy Authorization CCPA Regulations 43

Segpay

JANUARY 30, 2025

Payment processors, PSPs, acquiring banks and payment gateways operate under strict regulations. High-Risk Classification: A Core Concern Regulators and card schemes classify businesses based on perceived risk, assessing the likelihood of chargebacks, fraud, and other liabilities.

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Merchant Payment Processing Processors AI Process 52