The Payments Association

OCTOBER 14, 2024

To rethink the assumptions behind CBDC proposals and push for more privacy-oriented innovative solutions Many central banks and financial authorities worldwide are experimenting with central bank digital currency (CBDC), including the European Central Bank, the US Federal Reserve, and the Bank of England, among others. What’s next?

Privacy 88

Privacy Addressing CBDC Payer 88

PYMNTS

DECEMBER 16, 2020

It’s not clear how happy consumers in the United Kingdom will be over Facebook’s latest move, but privacy advocates are already up in arms. users into new agreements with its corporate headquarters in California, effectively circumventing the European Union’s strict privacy laws, according to an exclusive report by the Reuters news service.

Privacy 85

Privacy Agreements Legal Laws 85

PYMNTS

DECEMBER 9, 2020

His comments come at a time when California is arguably taking the lead in consumer data privacy protections. Bloemendaal said that at a high level, California’s initiatives might offer a blueprint for countries that are currently shaping and updating their own privacy approaches, such as Singapore, Canada and Australia.

Privacy 93

Privacy Regulations Verification Account Takeovers 93

The Fintech Times

FEBRUARY 7, 2024

The UK government has set over £100million aside for researching and developing Artificial Intelligence (AI) technology, and to support regulation in the space. The government has also pledged £10million to prepare and upskill regulators to address and make the most of the opportunities presented by AI.

Governance 112

Governance Government AI Regulations 112

Fintech Finance

JANUARY 31, 2025

In addition to measuring its impact, the report also noted the key factors holding back broader fintech payment adoption: namely businesses concerns about perceived operational cost, security and privacy. We want to help the government get the balance right, and help make other digital surcharge-free methods of payment available to consumers.

Small Business 97

Small Business FinTech Innovation Payments 97

The Payments Association

APRIL 7, 2025

The newly appointed Labour Government will be expected to unveil clear plans about how the regulatory framework will be shaped going forward. Stronger guidance and leadership from government and regulators could transform the market. Government should not throw the burden of this solely onto the private sector.

Financial Crimes 88

Financial Crimes Crime AML Fraud Prevention 88

Fi911

JANUARY 4, 2024

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. 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.

Disputes 99

Disputes Laws Rules Governance 99

Payments Dive

DECEMBER 21, 2018

Facebook is facing increased calls from privacy advocates, public officials and others for government regulation and investigation following new allegations of unauthorized data sharing.

Privacy 126

Privacy Governance Government Regulations 126

The Payments Association

MARCH 19, 2025

Digital wallets are expanding faster than financial oversight can keep up, forcing governments to scramble for new safeguards without choking innovation. Since digital wallets store vast amounts of sensitive financial data, regulators worldwide are strengthening requirements to enhance data privacy and security.

Digital Payments 88

Digital Payments Finance Online and Mobile Banking Payments 88

VISTA InfoSec

SEPTEMBER 30, 2024

Data breaches, cyberattacks and misuse of personal information are severe threats challenging the privacy of customers data, they can not only damage a companys reputation but can also lead to heavy fines if compromised. This was part of its broader aim to strengthen data protection and privacy for individuals within the EU.

CCPA 130

CCPA Privacy Laws Data Breach 130

VISTA InfoSec

OCTOBER 21, 2024

Data breaches, cyberattacks and misuse of personal information are severe threats challenging the privacy of customer’s data, they can not only damage a company’s reputation but can also lead to heavy fines if compromised. This was part of its broader aim to strengthen data protection and privacy for individuals within the EU.

CCPA 130

CCPA Privacy Laws Data Breach 130

The Fintech Times

FEBRUARY 28, 2025

The use of AI in fintech has sparked concerns about data privacy and the misuse of sensitive financial information. “Another big challenge is related to data security and privacy. “Thoughtful governance and proactive risk management allow AI to be confidently leveraged in a highly regulated environment.”

AI 97

AI Regulations Best Practices Risk 97

The Finance Weekly

DECEMBER 12, 2021

Data governance: How will the company deal with concerns such as data quality, ethics, privacy, ownership, access, and security? Minimizing or overlooking the ethical, privacy, and legal issues: Because consumer trust is so important, good governance must be properly considered.

Use Case 227

Use Case Privacy Assessments Returns 227

PayPal

DECEMBER 5, 2023

Funding will propel Mine's mission to redefine data privacy and governance management for companies globally.

PayPal 110

PayPal Privacy Governance Government 110

The Fintech Times

NOVEMBER 11, 2024

The move aims to improve digital banking experiences by offering increased security, reliability and transparency, enabling customers to better manage their finances while maintaining privacy and data security.

Security 59

Security Credential API Privacy 59

Fintech Finance

JANUARY 14, 2025

It makes it easier to pay without cash and encourages more use of digital payments, which reduces reliance on cash and leads to a more productive and transparent economy and also helps businesses become more official, which in turn increases tax revenue and reduces illegal money flows, making governance more effective.

Economy 98

Economy AI Financial Inclusion Digital Payments 98

The Payments Association

MARCH 18, 2025

But these opportunities are accompanied by mounting risks around data governance, security, and regulatory fragmentation. While data privacy concerns and varying interoperability standards remain key adoption barriers, progress can be accelerated through standardised APIs and consumer education. Regional approaches are diverging.

Finance 88

Finance Payment APIs and Integration Non-Bank Embedded Finance 88

Segpay

OCTOBER 17, 2024

Verification can be completed using government-issued ID scans, credit card authorizations, or other forms of identity verification. Enhanced Privacy: This method requires less personal data collection compared to user-based verification. Some countries and regions already encourage privacy-friendly age verification.

Verification 111

Verification Privacy Laws Compliance 111

VISTA InfoSec

SEPTEMBER 28, 2023

Until then, businesses should adhere to existing Indian privacy laws, primarily the Sensitive Personal Data or Information Rules (SPDI) 2011. Be an individual responsible to the Board of Directors or similar governing body of the Significant Data Fiduciary. Be based in India. Why Must Data Fiduciaries Comply With the DPDP Act?

Privacy 130

Privacy Audit Data Breach Breach 130

VISTA InfoSec

JULY 19, 2024

Trusted platform module (TPM): A Trusted Platform Module (TPM) is a microcontroller chip that’s embedded in a computer to improve its security and privacy. This might lead to serious data breaches , such as exposing customers’ information across financial, government, or healthcare facilities.

Cybersecurity 264

Cybersecurity Encryption Fraud Detection CHIPS 264

The Fintech Times

SEPTEMBER 4, 2024

Starting with a base of observability, security and governance allows organisations to adopt AI quickly, without opening them up to vulnerabilities. “Our report highlights the need for infrastructure underneath AI applications that provides strong governance while enhancing AI performance.”

Government 69

Government Governance AI API 69

Fintech Review

NOVEMBER 27, 2024

Data Privacy and Security Concerns As fintechs handle sensitive financial data, data privacy and security are critical. Government support and favourable regulatory environments will play a crucial role. Fintech companies need to provide user-friendly, accessible solutions and support for users with limited digital experience.

FinTech 105

FinTech Cross-Border Cross-Border Payments Online and Mobile Banking 105

Segpay

OCTOBER 22, 2024

Privacy-Friendly Cryptographic Security in Compliance with the Law Resistance to traditional ID-based age verification is growing. While user ID-based methods remain effective and compliant, they are often seen as invasive and raise privacy concerns. These solutions aim to balance security, user-friendliness, and privacy protection.

Verification 105

Verification Blockchain Privacy Encryption 105

The Finance Weekly

APRIL 25, 2022

Whether or not the worst is yet to come, organizations and government agencies (especially those responsible for critical infrastructure) must be ready for a potential escalation in cyberattacks, as well as consumer and stakeholder demands for privacy protections.

Finance 269

Finance Cybersecurity Risk Treasury 269

Finovate

MARCH 29, 2024

The company’s technology validates cryptographic signatures to verify digital IDs and cross-checks personal identifiable information (PII) as displayed on the applicant’s ID versus information in government databases. Additional services such as facial and data comparison help reduce the risk of false positives.

Verification 69

Verification Privacy AI AML 69

Fintech News

JUNE 2, 2024

The group will employ secure data collaboration and federated learning technologies, enabling financial institutions to exchange relevant information while maintaining strong privacy controls. Swift’s AI anomaly detection model will analyse this enriched dataset to identify potential fraud patterns.

Cross-Border Payments 131

Cross-Border Payments Cross-Border SWIFT AI 131

The Fintech Times

AUGUST 10, 2024

It describes it as the first Traditional Chinese large language model developed to comply with global AI governance standards. OneDegree’s cybersecurity unit Cymetrics uses advanced AI red team and testing solutions in line with the FSC’s guidelines to verify the fairness, security and privacy protection of the AI model.

Cybersecurity 119

Cybersecurity Compliance AI Privacy 119

Segpay

OCTOBER 3, 2024

Here are some of the most popular age verification tools and methods: Document-Based Verification Yoti : Yoti is a widely used digital identity platform that allows users to upload government-issued identification (like a passport or driver’s license) to verify their age. It is GDPR-compliant and offers high security. Users link their Verify.Me

Compliance 105

Compliance Verification Database Privacy 105

PYMNTS

SEPTEMBER 11, 2020

The use of privacy coins is becoming more popular for general use, and is also seeing an increase in use by illicit actors. As for why it's using the unusual procurement method, the agency wrote in today's release: "The federal government struggles at times with identifying ways to test, purchase and deploy innovative technology solutions.

IRS 96

IRS Cryptocurrency RFP Law Enforcement 96

Segpay

NOVEMBER 26, 2024

Whether we are setting up a new bank account, making a purchase online, or accessing government services, confirming who we are in the virtual space is crucial to ensuring our security, the protection of our privacy, and the improvement of our user experience. Regulatory compliance is crucial in ensuring data privacy.

Verification 111

Verification Identity Theft Money Laundering Due Diligence 111

The Fintech Times

MAY 26, 2024

Addressing privacy concerns Promoting CBDCs with a range of benefits aside, most consumers are concerned about privacy issues, says Andrew Carrier , member of the executive committee at blockchain finance firm Quant. The biggest concerns for users relate to their privacy and access to cash.

CBDC 98

CBDC Central Bank Privacy Multi-Currency 98

PYMNTS

NOVEMBER 30, 2020

Wanted: Big Backers And Government Support. Governments and central banks will be the final hurdle. “I I think that changes the game when the government accepts [crypto],” he said. Privacy And Security. And for the people who think cryptocurrency somehow provides privacy, they're highly mistaken.

Bitcoin 117

Bitcoin Cryptocurrency PayPal Privacy 117

Fintech News

JUNE 12, 2024

Theme 1: Establishing Optimal Governance and Interoperability Frameworks Effective governance and interoperability frameworks will be crucial for managing the complexities of cross-border payments. To make multilateral payment platforms work well, there need to be clear rules and ways for different systems to work together.

Cross-Border Payments 119

Cross-Border Payments Cross-Border Interoperability Payments 119

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.

Laws 121

Laws Law Enforcement Governance Government 121

Fintech Finance

JUNE 14, 2024

Fingerprints’ sensors are designed to be multifunctional to enable usage across a range of different form factors to enhance the security, privacy and user experience. Adam Philpott, CEO of Fingerprints, comments: “Our collaboration with WibioCard is supporting the global adoption of secure and convenient biometric smart cards.

Verification 98

Verification Privacy Authentication End User 98

Core

SEPTEMBER 15, 2023

Modernization allows governments to stay in tune with the evolving expectations of their citizens, who increasingly expect convenient and efficient payment options. Utility payments, reservations, and application fees are key areas where kiosk payments are crucial in modernizing government service payments.

Government 52

Government Governance Transactions Security 52

The Payments Association

JANUARY 22, 2025

The widespread shift to online reliance has created a greater demand for accessing various services online, including government public services and online retail payments. Still, they also expose new data privacy and security challenges due to the increasingly complex threat landscape.

Security 88

Security Online and Mobile Banking Credential Verification 88