PYMNTS

NOVEMBER 17, 2020

This negative experience is due to a number of factors, including ineffective communication, unclear directions on how to access their devices, and tedious processes when setting up their accounts that often require multiple password entries and multifactor authentication (MFA) setup.

Multifactor Authentication 107

Multifactor Authentication Online and Mobile Banking Checks MFA 107

Global Fintech & Digital Assets

DECEMBER 11, 2023

Under Section 41 of the Banking Law, the DFS superintendent can remove an officer or director for violating “any law or duly enacted regulation of the superintendent” relating to a regulated banking institution. A covered entity’s CISO may, however, approve the use of reasonably equivalent or more secure compensating controls.

Cybersecurity 59

Cybersecurity Multifactor Authentication Risk Assessment MFA 59

Seon

SEPTEMBER 11, 2023

Specialized AML: It’s your obligation to ensure that anti-money laundering legislation compliance and other local laws are respected by implementing dedicated AML solutions. Set up multi-factor authentication (MFA): Add one-time passwords (OTPs) or other types of MFA to all neobank accounts.

Identity Theft 52

Identity Theft Money Laundering Account Takeovers Fraud Prevention 52

Stax

JULY 9, 2024

EFT payments have been around for many decades and have federal laws to protect the electronic transfer of funds. One such federal law is the Electronic Fund Transfer Act (EFTA) , which passed in 1978. Multi-factor authentication (MFA) is commonly used to verify the identity of users initiating EFT transactions.

Electronic Fund Transfer Act (EFTA) 88

Electronic Fund Transfer Act (EFTA) ACH Electronic Funds Transfer (EFT) Funds Transfer 88

Nanonets

MAY 3, 2023

Like other fintech tools, Planful and Predict protect their users’ financial data with MFA as well as layers of the latest encryption technology. Its AI sorts transactions by country and currency to ensure finance and tax compliance with different countries' laws. However, it still needs to be fed the right data.

AI 94

AI Finance Advisors Fed 94

Stax

SEPTEMBER 17, 2024

This includes the use of unique IDs and strong passwords or multi-factor authentication (MFA) methods. GDPR compliance The GDPR , or General Data Protection Regulation, is a law passed by the European Union to protect customer data. The law went into effect on May 25, 2018, and violation of the GDPR can result in steep penalties.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

Seon

SEPTEMBER 28, 2023

Password management : Using multi-factor authentication (MFA) and password managers. This depends on the business requirements, but at the least training should be provided in line with new or updated data protection laws and company policies as well as for new joiners. How often should you conduct security awareness training?

Security 52

Security Phishing Best Practices Data Breach 52

FICO

NOVEMBER 7, 2022

The law today holds that consumers are not liable for “unauthorized” electronic funds transfers. Enable multifactor authentication (MFA), avoiding text or email for one-time passcode sharing whenever possible. That idea of authorization is where deep divisions start to appear.

Scams 52

Scams Authorization P2P Zelle 52

EBizCharge

SEPTEMBER 6, 2024

These features automatically calculate and apply the correct tax rates based on the location of the transaction, ensuring that businesses remain compliant with local, state, and federal tax laws. By automating tax calculations, businesses reduce the risk of errors that can lead to costly penalties and audits.

Accounts 52

Accounts CRM Automation Audit 52

Segpay

DECEMBER 19, 2024

These providers offer features like single sign-on (SSO), multi-factor authentication (MFA), and identity governance, all delivered through a secure cloud environment. Organizations need to carefully evaluate the security practices of their IDaaS providers, ensuring that they comply with local and international data protection laws.

Verification 104

Verification Authentication MFA Compliance 104

EBizCharge

MARCH 21, 2025

Tax prep: Ensures compliance with tax laws. Accounting AI software uses encryption, multi-factor authentication (MFA), and anomaly detection to protect sensitive financial data. Accounting AI software uses encryption, multi-factor authentication (MFA), and anomaly detection to protect sensitive financial data.

AI 52

AI Accounts Fraud Detection Audit 52