Agile Payments

MAY 19, 2021

The rule requires the originators (and third party service providers) to protect bank account information unreadable when it's stored electronically. Basically, the sensitive bank account data needs to be tokenized.

ACH Origination 88

ACH Origination Origination ACH Data Security 88

VISTA InfoSec

OCTOBER 7, 2024

The financial entities operating within the EU, as well as third-party service providers outside the EU that engage with financial institutions located within the EU, are required to comply with DORA by 17 January 2025. This ensures that systems can withstand and recover from disruptions.

Compliance 130

Compliance Third-Party Service Provider Risk Assessment Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

It is a digital security framework that works alongside the General Data Protection Regulation (GDPR) to provide strong security protection to financial entities and ICT service providers from cybercrimes. It helps the organization systematically address potential vulnerabilities and enhance cyber resilience.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

It is a digital security framework that works alongside the General Data Protection Regulation (GDPR) to provide strong security protection to financial entities and ICT service providers from cybercrimes. It helps the organization systematically address potential vulnerabilities and enhance cyber resilience.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

It is a digital security framework that works alongside the General Data Protection Regulation (GDPR) to provide strong security protection to financial entities and ICT service providers from cybercrimes. It helps the organization systematically address potential vulnerabilities and enhance cyber resilience.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

It is a digital security framework that works alongside the General Data Protection Regulation (GDPR) to provide strong security protection to financial entities and ICT service providers from cybercrimes. It helps the organization systematically address potential vulnerabilities and enhance cyber resilience.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

Payments Source

APRIL 27, 2016

An organization could go to great lengths to protect its internal network only to have all that effort undone by its third party service provider failing to take proper security measures.

Third-Party Service Provider 71

Third-Party Service Provider Checks Risk Service Provider 71

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

AUGUST 13, 2020

There is an array of benefits to wielding multiple cloud service providers, he said. It mitigates against the risk of a loss of service or vendor lock-in because if one service goes down, others are likely still running. Choosing the right third-party service providers can be tactical.

Third-Party Service Provider 133

Third-Party Service Provider Payments Service Provider Volume 133

PYMNTS

JULY 27, 2020

In a blog post, Dave blamed the data breach on Waydev, a former third-party service provider. According to the FinTech, the “malicious party” gained access to user passwords “stored in hashed form using bcrypt , an industry-recognized hashing algorithm.”.

Data Breach 98

Data Breach Breach FinTech Third-Party Service Provider 98

VISTA InfoSec

NOVEMBER 9, 2023

Level 1 merchants and service providers, mandated by PCI SSC or customers, must complete a Report on Compliance (RoC), while others use an SAQ. Choosing the right PCI SAQ among the 10 options (9 for merchants and 1 for service providers) can seem daunting, especially with the introduction of SAQ SpoC in PCI DSS v4.0.

PCI DSS 130

PCI DSS Assessments Compliance Credit Cards 130

Neopay

OCTOBER 23, 2024

The ESAs raise concerns over the impacts and practicalities of the proposed EC changes to the draft ITS on the registers of information in relation to financial entities’ contractual arrangements with ICT third-party service providers.

Third-Party Service Provider 52

Third-Party Service Provider SWIFT Authorization Service Provider 52

PYMNTS

JUNE 12, 2020

As more organizations migrate to an online business model, their needs from FinTechs and other third-party service providers are in flux. This week’s B2B Venture Capital roundup reflects those changing needs, with B2B fraud mitigation efforts for online businesses emerging as the funding leader.

Global Payments 57

Global Payments B2B Third-Party Service Provider Mitigation 57

PYMNTS

JULY 6, 2017

bank-funded entity that was mandated by the Competition and Markets Authority to provide new ways for customers to share their financial data with non-bank providers, has released an API specification for accounts and transaction information and payments initiation. Open Banking, the U.K.

Payment Initiation 71

Payment Initiation API Third-Party Service Provider Non-Bank 71

Innovative Payments Association

JULY 25, 2024

By allowing third-party financial service providers to access consumer banking data through APIs, open banking has the potential to create a more competitive and innovative financial ecosystem.

Boot Camp 52

Boot Camp Compliance Innovation Third-Party Service Provider 52

The Fintech Times

NOVEMBER 5, 2024

The amendments also require obtaining customer consent and authentication, licensee disclosures, and reporting API performance by service providers. The news comes after the Central Bank of Bahrain (CBB) updated its Open Banking Framework (OBF), mandating all licensed banks to expose APIs for corporate accounts.

Accounts 64

Accounts Third-Party Service Provider Financial Inclusion API 64

PYMNTS

APRIL 24, 2017

The vast majority, too, depend on a third-party service provider for this service. But half of the companies surveyed said they don’t use a third-party content provider — and 80 percent of them aren’t able to integrate product management across web, mobile, application and physical stores, they told surveyors.

B2B 70

B2B Third-Party Service Provider B2C On-Demand 70

PYMNTS

APRIL 9, 2018

Payments and commerce company PaySimple announced its latest integration into a third-party service provider. Earlier this year another company, Insynq, introduced another solution for in-field service providers.

Cash Management 60

Cash Management Third-Party Service Provider Payments ACH 60

Third Party Payment Processors Association

JUNE 2, 2021

Although this case is directly related to the Collections industry, it has great significance to the TPPPA members and their customers, as it threatens to link the usage of third-party service providers to consumer data privacy.

Third-Party Service Provider 40

Third-Party Service Provider Processors Privacy Service Provider 40

PYMNTS

DECEMBER 17, 2019

Yet both of these strategies require a third-party service provider to facilitate payment processing, whether funds are coming in via check or ACH. Again, third-party service providers play an important role in alleviating ACH friction for companies. However, they persist. ACH’s B2B Future.

ACH 52

ACH B2B Third-Party Service Provider ACH Processing 52

PYMNTS

SEPTEMBER 26, 2019

Earlier this month, we became aware of unusual activity involving a third-party service provider,” the company wrote in a blog post. “We We were subsequently able to determine that an unauthorized third party accessed some DoorDash user data on May 4, 2019.

Breach 62

Breach Third-Party Service Provider Data Breach Credential 62

PYMNTS

FEBRUARY 27, 2020

Such data sharing and partnerships enable service providers to augment their products for better user experiences, and increasingly, small businesses aren’t keeping quiet about their demands for richer banking services. Open Banking Drives Challenger Bank Adoption. Enfuce Tackles Fraud In Open Banking.

Small Business 77

Small Business Third-Party Service Provider Privacy Financial Crimes 77

PYMNTS

AUGUST 23, 2019

The loyalty program, Priceless Specials, was operated by a third-party service provider and was shut down after the company first became aware of the breach.

Breach 61

Breach Visa Third Party Vendors Third-Party Service Provider 61

PYMNTS

JANUARY 17, 2019

The exchange’s APIs will span product offerings and service offerings such as deposits, foreign currency exchange, insurance and loan offerings — and will also include safe deposit boxes, branch and ATM services that are part of general banking operations.

API 53

API Cross-Border Payments Payment APIs and Integration Cross-Border 53

The Fintech Times

JULY 5, 2024

The principles would supersede the current guidance on outsourcing in financial services with respect to the banking system. The updated principles reflect the evolution of a larger and more diverse environment of third-party service providers and would help provide a common baseline for banks and supervisors in managing third-party risks.

Consulting 72

Consulting Third-Party Service Provider Adjustments Stablecoins 72

The Paypers

FEBRUARY 8, 2022

Switzerland-based digital payments solutions provider Netcetera has become a UnionPay certified Third Party Service provider and is fully compliant with the UnionPay card network.

Third-Party Service Provider 36

Third-Party Service Provider Acquirers Payment Solutions Digital Payments 36

PYMNTS

JULY 9, 2020

Under the FCA’s new rules, payment providers and electronic money issuers must maintain records of all funds received and maintain a “safeguarding account” for customer money, the news outlet reported. .

Rules 67

Rules Third-Party Service Provider Money Laundering Regulations 67

PYMNTS

DECEMBER 31, 2020

Some may take the time and effort to build direct connections into a new payment rail system while others may seek to reduce their workloads by selecting third-party service providers to facilitate that connectivity for them. Banks and CUs have options for how they make these upgrades.

RTP 67

RTP Real Time Payments Faster Payments Third-Party Service Provider 67

VISTA InfoSec

OCTOBER 20, 2023

Establish an ePHI Communication Strategy: Create a communication plan to inform key stakeholders (like healthcare professionals, management, patients, and third-party service providers) in the event of an ePHI disaster. The plan should outline: How will communication occur?

Disaster Recovery 130

Disaster Recovery Regulatory Compliance Procedures Duplicate 130

PYMNTS

JULY 1, 2020

“Sensitive processes performed outside of bank-owned or authorized properties and devices can increase the risk of fraud and potential for exposure of customers’ sensitive information.”.

OCC 66

OCC Compliance Risk Office of the Comptroller of the Currency 66

PYMNTS

JANUARY 13, 2020

Also included in the findings is the fact that two-thirds of surveyed SMBs said they would not consider sharing their bank account data electronically with other financial service providers. According to reports Monday (Jan.

Third-Party Service Provider 52

Third-Party Service Provider Small Business FinTech Payroll 52

PYMNTS

OCTOBER 29, 2018

However, retailers, financial institutions (FIs) and payment services providers are increasingly turning to machine learning, artificial and augmented intelligence, risk management software and the algorithms that power them to gain early warning of potential fraud attacks and identify the source of those criminal activities.

Fraud Prevention 79

Fraud Prevention Identity Theft Third-Party Service Provider Account Takeovers 79

PYMNTS

DECEMBER 18, 2019

In June , Payrailz announced that it had established status as a third-party service provider to connect financial institution clients into The Clearing House’s RTP network. The company was named one of the “2019 Best Places to Work in FinTech,” a project of SourceMedia and Best Companies Group.

Visa 58

Visa Real Time Payments Third-Party Service Provider RTP 58

PYMNTS

OCTOBER 7, 2016

While those capabilities of alternative finance players have led many traditional banks to partner up with them to gain those capabilities themselves, Horrocks said other third-party service providers to the banks can help them compete with the alt-fin market. Data is vital to remaining competitive , he said. ”

Origination 78

Origination Underwriting Third-Party Service Provider Risk Mitigation 78

PYMNTS

SEPTEMBER 26, 2016

The Payments Services Directive 2 is poised for arrival in Europe, which will require banks and lenders to provide access to client data to third-party service providers. VocaLink was sold by the large U.K. banks earlier this year to Mastercard for £700 million as a result of calls by the U.K.’s

Regulations 72

Regulations Online and Mobile Banking FinTech Third-Party Service Provider 72

PYMNTS

AUGUST 13, 2019

12) said Amazon’s Marketplace Appstore is now live in India, allowing sellers to access third-party applications to promote automation, business management and growth. Reports in the Economic Times of India on Monday (Aug. Businesses can access the app marketplace via the Amazon Seller Central dashboard.

B2B 55

B2B Third-Party Service Provider Automation Service Provider 55

PYMNTS

JANUARY 9, 2018

Through Amazon’s In-Home Kit, which includes Amazon Cloud Cam and a smart lock compatible with the service, users are able to monitor in-home deliveries through an app on their phones or through other compatible devices. Amazon’s service also offers keyless access for friends and relatives of users.

Third-Party Service Provider 53

Third-Party Service Provider Privacy Facilitators Participant 53