PYMNTS

SEPTEMBER 12, 2019

Facebook’s Libra project is bringing cryptocurrency into the spotlight, and others are reexamining their onboarding procedures. Now the company has enacted security and AML procedures, to the consternation of cryptocurrency advocates.

Procedures 46

Procedures Cryptocurrency Regulations AML 46

The Paypers

JANUARY 23, 2019

(The Paypers) Covery has released a new feature – the automatization of KYC procedure – to streamline risk management.

Procedures 42

Procedures Risk Management Risk 42

VISTA InfoSec

JANUARY 23, 2024

and Bluetooth - Cellular technologies, like Global System for Mobile communications (GSM), Code division multiple access (CDMA) General Packet Radio Service (GPRS) - Satellite communications Testing Procedures: 4.1.a Testing Procedures: 4.1.2.a Testing Procedures: 4.2.1.a Testing Procedures: 4.2.1.1.a

PCI DSS 130

PCI DSS Encryption Procedures Best Practices 130

VISTA InfoSec

MARCH 6, 2024

Testing Procedures Broad testing, looking at system settings, monitored files, etc. Testing procedures align with updated access language. Testing Procedures Review policies and procedures, observe processes, interview personnel. Similar emphasis on policies and procedures. Maintains the core concept. No changes.

PCI DSS 130

PCI DSS Procedures Best Practices Risk Assessment 130

PCI Security Standards

JULY 9, 2024

This ensures that robust policies and procedures are in place to protect cardholder data. A QSA company is a data security firm certified by the Council to perform on-site assessments of a company's PCI Data Security Standard compliance. The QSA Program plays a critical role in the adoption of PCI security standards.

Security 113

Security Procedures Data Security Assessments 113

The Paypers

JUNE 15, 2020

Malaysia-based airline company AirAsia has implemented contactless procedures at the airport to align with the safety measures imposed by the government.

Procedures 28

Procedures Government Governance 28

Payments Dive

AUGUST 11, 2023

The card issuer looks at the Chatham call center and technology hub as a model for site selections, hiring procedures, customer service experience and community development.

Card Issuer 148

Card Issuer Procedures Issuers Technology 148

PCI Security Standards

SEPTEMBER 7, 2023

The recent publication by EMVCo of updated versions of their 3-D Secure (3DS) specifications, as well as industry changes and stakeholder feedback, is providing input into current PCI SSC revision efforts of the two PCI 3DS standards, namely the Security Requirements and Assessment Procedures for EMV® 3-D Secure Core Components: ACS, DS, and 3DS Server (..)

EMV 109

EMV Procedures Assessments Request for Comment 109

The Payments Association

AUGUST 20, 2024

By focusing on the unique challenges and opportunities within this dynamic market, the article provides actionable insights that can help PSPs refine their onboarding procedures, improve customer satisfaction and stay ahead in the rapidly evolving digital finance landscape. Read more

Procedures 88

Procedures Compliance Checks Service Provider 88

Payments Source

APRIL 1, 2020

The agency said lenders should avoid reporting delinquent payments to credit bureaus for consumers who have sought payment relief due to the pandemic.

Procedures 73

Procedures CFPB Consumer Payments 73

The Paypers

JUNE 8, 2023

Ireland-based SaaS financial technology solutions provider Fenergo has partnered with Finland-based cryptocurrency service provider Coinmotion.

Procedures 36

Procedures AML Compliance Cryptocurrency 36

The Paypers

FEBRUARY 24, 2020

Bank of Lithuania , together with Columbus Lietuva and Peekdata, introduced a RegTech solution prototype which will automate reporting procedures.

Procedures 28

Procedures Automation 28

PYMNTS

JUNE 12, 2020

As the coronavirus pandemic continues to disrupt everyday life the world over, many consumers want compensation for things they paid for but aren’t able to use. Airlines, in one case, are letting flyers request vouchers or refunds for flights that have been canceled.

Procedures 52

Procedures Rules Checks Continuity 52

Bank Automation

AUGUST 20, 2024

AI-driven Zest Protect can help financial institutions fight identity fraud and identify fake documents during the loan procedure, Adam Kleinman, head of strategy and client success at Zest AI, told Bank Automation News. […]

Transactions 68

Transactions Credit Union Underwriting Procedures 68

VISTA InfoSec

JANUARY 9, 2024

Below, we present a meticulously curated list that highlights the transformations in requirements and test procedures from PCI DSS v3.2.1 Defined Approach Requirements and Testing Procedures 1.1.1 by reviewing documented procedures. by reviewing documented procedures. to PCI DSS v4.0: PCI DSS v3.2.1 PCI DSS v4.0

PCI DSS 113

PCI DSS Procedures Authorization Security 113

VISTA InfoSec

JUNE 19, 2024

Define who can create and manage meetings and establish procedures for sharing meeting links and passwords to control access. Additionally, conduct regular training sessions to educate staff on recognizing phishing attempts, the importance of using strong, unique passwords, and procedures for reporting suspicious activities.

Risk 242

Risk Ransomware Phishing MFA 242

VISTA InfoSec

FEBRUARY 16, 2024

The requirement mandates that software development procedures must be documented and examined to ensure that all security considerations are integrated into every stage of the development process. Verification involved examining software-development procedures and interviewing personnel. . The updated requirement of PCI DSS v4.0

PCI DSS 100

PCI DSS Procedures Best Practices Verification 100

VISTA InfoSec

JANUARY 22, 2024

Requirement and Testing Procedures 3.2.a Requirement and Testing Procedures 3.2.a Requirement and Testing Procedures 3.1 Minimize cardholder data storage by implementing policies, procedures, and processes for data retention and disposal. Requirement and Testing Procedures 3.3 Requirement and Testing Procedures 3.4

PCI DSS 100

PCI DSS Encryption Procedures Authorization 100

Basis Theory

FEBRUARY 8, 2024

The solution is to optimize payment operations - the processes that regulate the flow of funds, and provide the standard operating procedures that maximize inflows - and minimize outflows - all day, every day. As businesses grow, the complexities of keeping up with the money that flows in and out of their accounts start to pile up.

Procedures 88

Procedures Payments Regulations Accounts 88

The Paypers

SEPTEMBER 10, 2024

AI-enabled global payments network and shopping assistant Klarna has been criticised by the Swedish Financial Supervisory Authority for not advancing its money laundering prevention procedures.

Money Laundering 41

Money Laundering Mitigation Procedures Risk 41

The Paypers

SEPTEMBER 2, 2016

(The Paypers) SWIFT has disclosed new hacking attacks on its member banks as it pressured them to comply with security procedures instituted after the USD 81 million heist at Bangladesh Bank.

Procedures 31

Procedures SWIFT Security 31

The Paypers

SEPTEMBER 6, 2024

Poland-based payment service provider BLIK has announced that it completed all implementation procedures and is currently available to Tatra banka customers.

Procedures 41

Procedures Payments Service Provider 41

The Payments Association

MAY 24, 2024

With highly recommended doctors and a wide range of treatments available, PLIM Swiss is set to revolutionise the accessibility and financing options for aesthetic procedures in Switzerland. Read more

Finance 88

Finance Procedures FinTech Consumer 88

Neopay

AUGUST 5, 2024

Effective safeguarding training covers the policies, procedures, and regulations that must be adhered to in order to minimise risks and maintain compliance with regulatory standards. Safeguarding procedures and training should be regularly reviewed and updated to reflect current risks and regulatory changes.

Compliance 52

Compliance Procedures Audit Risk Management 52

Finextra

MAY 30, 2024

Harris today issued guidance requiring DFS-regulated virtual currency entities to maintain and implement effective policies and procedures to promptly address customer service requests and complaints. New York State Department of Financial Services (DFS) Superintendent Adrienne A.

Procedures 59

Procedures Addressing Regulations 59

Innovative Payments Association

AUGUST 29, 2024

Develop Written Policies and Procedures Clear and comprehensive written policies and procedures are essential for a strong compliance program. All staff members should be educated on anti-money laundering laws, regulatory requirements, and the company's policies and procedures.

Cannabis Banking 52

Cannabis Banking Boot Camp Compliance Money Laundering 52

VISTA InfoSec

FEBRUARY 25, 2024

And painful account recovery procedures await all users who must reset passwords across potentially dozens of breached websites. Worse yet, there is irreparable reputation damage and loss of customer trust that destroys brands after high-profile incidents.

Data Breach 223

Data Breach Breach Multifactor Authentication Cybersecurity 223

Finextra

MARCH 13, 2024

The European Banking Authority (EBA) today published the final draft Regulatory Technical Standards (RTS) that set out the requirements, templates and procedures for handling complaints received by issuers of asset reference tokens (ARTs).

Issuers 59

Issuers Stablecoins Procedures Authorization 59

The Paypers

FEBRUARY 10, 2022

Germany-based bank Postbank has announced plans to discontinue its chipTAN process for online transfers in May 2022.

Procedures 31

Procedures Process 31

Bank Automation

MARCH 19, 2024

BankUnited has deployed an AI chatbot to help employees search for information and procedures internally. NASHVILLE, Tenn. The deployment was disclosed March 18 by Michael Lehmbeck, chief technology officer for Miami Lakes, Fl.-based based BankUnited, at Bank Automation Summit 2024, presented by Bank Automation News. “If

Procedures 62

Procedures Automation AI Technology 62

Payments Dive

OCTOBER 24, 2022

Companies must have policies and procedures to detect and remove inconsistencies and “obvious impossibilities” in credit data, the CFPB said.

CFPB 78

CFPB Procedures 78

Innovative Payments Association

JULY 8, 2024

Disclosures should include information about fees, error resolution procedures, and consumer rights under Regulation E. Establish Robust Error Resolution Procedures: Develop and implement procedures for handling consumer error resolution requests in accordance with Regulation E.

Reg E 52

Reg E CFPB Error Resolution Boot Camp 52

VISTA InfoSec

MAY 24, 2024

Develop and document security policies and procedures tailored to business operations. It is a set of policies and procedures for systematically managing an organization’s sensitive data. Conduct PCI DSS training for all employees. It must be done weekly and/or after significant changes in the systems and applications.

PCI DSS 202

PCI DSS Small Business Assessments Compliance 202

The Paypers

OCTOBER 4, 2018

(The Paypers) The mobile-based cryptocurrency Electroneum have announced that users will have to comply with KYC by the12 th of November 2018.

Procedures 47

Procedures Cryptocurrency 47

Stax

JANUARY 8, 2024

To establish an effective risk management program as a PayFac, you must establish a dedicated risk management team, utilize the right tools and technology, develop proper risk management policies and procedures, conduct regular risk audits, and stay up-to-date with the latest industry regulations.

Risk Management 88

Risk Management Risk Money Laundering Mitigation 88

Payments Source

NOVEMBER 2, 2020

In a major break from the Payment Card Industry security standards playbook, merchants and service providers using newer technologies would have the opportunity to rewrite network operation and testing procedures when achieving compliance.

Compliance 115

Compliance Procedures Service Provider Security 115

The Fintech Times

DECEMBER 18, 2023

The rules aim to regulate the licensing of BNPL companies operating in Saudi Arabia and set minimum standards and procedures required to offer BNPL services. Under the new rules, the BNPL activity is defined as any type of financing that enables a consumer to purchase goods or services without a term cost payable by the consumer.

Central Bank 104

Central Bank BNPL Rules Procedures 104