PYMNTS

JANUARY 14, 2020

In financial services, demand for ease of use and security are sky-high, even for business customers. But for many service providers, achieving one can often mean compromising the other. Other regulations adding weight to financial service providers’ compliance burden include Europe’s PSD2 and the U.K.’s

Security 101

Security PCI DSS Compromise Service Provider 101

PYMNTS

JULY 27, 2020

million banking users had been exposed on a forum used by hackers to sell and swap ill-gotten data. In a blog post, Dave blamed the data breach on Waydev, a former third-party service provider. The FinTech on Saturday (July 25) confirmed the data breach after reports emerged that details involving as many as 7.5

Data Breach 98

Data Breach Breach FinTech Third-Party Service Provider 98

PYMNTS

JANUARY 21, 2020

While Open Banking initiatives and data integrations between banks and FinTech firms have begun to target corporate and small business (SMB) end users, new research out of the U.K. has warned that small businesses are largely shunning the opportunity to unlock their financial data. In a recent report from the U.K.

Continuity 60

Continuity Payment APIs and Integration FinTech Small Business 60

PYMNTS

MARCH 19, 2020

For their end users on either side of the transaction, speed matters, and online commerce may comprise the bulk of a firm’s top line. The revenue model of banks is changing,” said Brandli, “and will move more toward having third-party service providers offering services, and the banks underpinning that with the actual processes.”.

Instant Payments 60

Instant Payments AI ISO 20022 Cross-Border 60

PYMNTS

AUGUST 28, 2017

Financial services companies located within New York are covered by what is known as Part 500, but then again, so are the third-party service providers scattered across the globe that work with those New York-based entities.

Cybersecurity 57

Cybersecurity Money Laundering Digital Currency Online and Mobile Banking 57

PYMNTS

MAY 9, 2017

In an interview with PYMNTS’ Karen Webster, Ralf Ohlhausen, business development director at PPRO Financial, said, “From the outset, none of the banks would have been very excited about the prospect of letting third parties access their customer data, which is quite understandable of course.”

Third-Party Service Provider 54

Third-Party Service Provider Authorization API Non-Bank 54

PYMNTS

JUNE 18, 2019

That effort made significant progress this week with FinTechs and financial institutions looking to take advantage of the benefits of real-time payments for their customers — beyond speed, and with an eye on corporate end-users. Massachusetts’ Berkshire Bank is one of them.

RTP 47

RTP Real Time Payments Credit Union Payment APIs and Integration 47