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Visa Seeks Patent On System To Turn Government Currencies Into Digital Blockchain Versions

PYMNTS

100 percent) digital,” Visa wrote in its application, which was originally filed with the U.S. The patent application indicates that Visa would deploy the system in partnership with government central banks, which it referred to as “central entities” in the filing. The system would then remove the paper currency from circulation.

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What to Know About Tokenization

Basis Theory

The token vault offers a secure and PCI-compliant location to store original data (e.g., Instead of using the original sensitive data, developers and their applications use previously-generated tokens to execute traditional operations that sensitive data would provide, like performing analyses, generating documents, or customer verification.

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The FRC’s Corporate Governance Review: What You Need to Know

FloQast

In May 2023, the Financial Reporting Council (FRC) published its consultation on the UK’s Corporate Governance Code. While the government has since delayed some Corporate Governance Code reforms, including the introduction of ARGA, the FRC has signalled its commitment to moving forward with other key proposals from the consultation.

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ACI Worldwide Survey Shows Nearly 40% of Taxpayers Will Use Refunds for Debt Relief

Fintech Finance

A new income tax survey from ACI Worldwide (NASDAQ: ACIW), an original innovator in global payments technology, developed in partnership with YouGov , shows that nearly 40% of taxpayers would use their tax refund to pay debt (e.g., credit cards, loans, etc.),

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Unveiling digital fraud: A deep dive into scam trends and crime prevention in the UK payment sector

The Payments Association

Frequently used for high-value impersonation fraud, with scammers posing as trusted entities like banks or government officials. This includes scams executed via text messages and phone calls, where fraudsters often impersonate trusted entities such as banks or government agencies. Entity Unknown scams accounted for 8.8%

Scams 88
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Innovate Finance Outlines New Collaborative Anti-Fraud Strategy to ‘Smash Fraud’ in the UK

The Fintech Times

The fintech industry body also recommends introducing shared liability for social media and telecommunications platforms for fraud originating on their platforms and networks. With the majority of fraud originating on social media platforms, it is clear a change in strategy is required if a crackdown on fraud is going to be successful.

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Chargeback Rules: What Laws & Regulations Govern the Dispute Process?

Fi911

What Laws Govern Chargebacks in the US? The development of the chargeback system was initially a response to policies set by the US federal government. During this process, the merchant is effectively “re-presenting” the transaction that their customer disputed to legitimize the original charge. appeared first on fi911blog.