PYMNTS

NOVEMBER 21, 2019

A group of senators have introduced a bill that would classify Facebook’s proposed cryptocurrency Libra as a security under the law, according to a report by CNBC. The bill is called the “Managed Stablecoins are Securities Act of 2019” and was proposed by two members of the House Financial Services Committee, Reps.

Security 145

Security Regulation cryptocurrency Bitcoin 145

PYMNTS

MARCH 25, 2019

Thus, IoT security is becoming an essential part of modern conversations. Department of Homeland Security (DHS) and data security and privacy practice chair of D.C.-based A lot of the devices we’re talking about have no security. They weren’t built with security in mind, and there really isn’t any way to patch them.”.

Security 205

Security Data Regulation Washington 205

PYMNTS

JUNE 29, 2020

Open banking is one of the most significant emerging trends in the financial industry, allowing banks and FinTechs to share financial data in a quick, easy and secure manner across a network of platforms. Security Risks Facing Open Banking. billion such attacks between December 2017 and November 2019, 16.55 There were 85.42

Security 240

Security System Data Fraud 240

PYMNTS

FEBRUARY 9, 2020

billion in 2019, according to Chainalysis and The Wall Street Journal , which was a bigger figure than either of the preceding two years combined. Reports of high percentages of weak checks on cryptocurrency, along with the reported fraud, have prompted calls for regulation on the new forms of currency.

Fraud 207

Fraud cryptocurrency Bitcoin Comparison 207

Perficient

JUNE 30, 2022

Members of Perficient’s Digital Asset Team have advised followers in multiple online articles about the digital asset revolution and relevant regulations affecting the same in the United States. Highlights From Federal Bank Regulators’ Joint Statement on Cryptocurrency Assets – Perficient Blogs. Billion in 2019).

cryptocurrency 472

cryptocurrency Regulation Conference Taxes 472

PYMNTS

JULY 17, 2020

Chinese regulators have seized control of nine financial institutions (FIs) alleging they violated rules and jeopardized the country’s financial system. In addition, the China Securities Regulatory Commission said it seized New Times Securities, Guosheng Securities and Guosheng Futures and two trust firms, New China Trust Co.

Regulation 151

Regulation Security Regional System 151

PYMNTS

JANUARY 7, 2019

In Ireland, reported CryptoGlobe , the Irish cabinet has approved legislation that will bring more regulation to the sector. Separately, in India, the action toward crypto regulation seems to be … inaction. The site noted that the new rules still await passage by the country’s legislative body. We have not decided on specific measures.

Regulation 151

Regulation cryptocurrency National Capital 151

Abrigo

FEBRUARY 6, 2020

foreign policy and national security goals to secure the global financial system and protect the United States from the threats of terrorism, human and drug trafficking, and economic damages. If you have questions about sanctions compliance or new regulations, contact us or another member of our risk advisory services team.

United States 195

United States Compliance Strategy National 195

PYMNTS

DECEMBER 24, 2018

But in hopes of hopping on the holiday bandwagon — and providing data-backed insight in the hottest payment trends for 2019 — allow us to offer this list of a dozen ways that consumers (and some businesses) are paying now, methods that promise to play big roles in 2019. 6: With Person-To-Person Mobile Tech.

Cards 207

Cards Payments Mobile Millennials 207

TheGuardian

APRIL 6, 2025

Craig Donaldson, who resigned in 2019, told the upper tribunal in London that both his career and personal finances had suffered as a result of the Financial Conduct Authoritys (FCA) 2022 ruling. Continue reading.

Metro 59

Metro Security Regulation 59

PYMNTS

SEPTEMBER 11, 2019

percent: Projected CAGR of the global AML software market as measured from 2019 to 2026. 770,000: USD equivalent that Soneri Bank Limited was ordered to pay by the State Bank of Pakistan for violating AML, KYC and other regulations. 10,000: Number of KYC images from crypto exchange Binance allegedly accessed by a cybercriminal.

Security 192

Security Compliance Data Software 192

PYMNTS

NOVEMBER 3, 2020

The Shanghai Stock Exchange is delaying Ant Group’s record initial public offering (IPO) following Jack Ma’s meeting with Chinese regulators, according to a Wall Street Journal (WSJ) report on Tuesday (Nov. billion in 2019. . That meeting now disqualifies Ant from listing on Thursday (Nov. 2) to answer questions behind closed doors.

Groups 169

Groups Regulation Meeting Fintech 169

PYMNTS

DECEMBER 7, 2018

Not to ruin your holiday spirit, but let’s start this story with the cold and brutal truth: One of the largest risks that payments and commerce operators face in 2019 is being called to account by government officials, regulators or media about a failure to secure their organizations from cyberattacks. and other places.

Payments 240

Payments Tools Security Regulation 240

PYMNTS

FEBRUARY 20, 2020

Regulators around the world are passing new laws to make sure ad hoc workers are properly protected, and some of these rules could have sweeping implications for businesses and their freelance partners. states are developing similar regulations. However, challenges have begun to arise as the gig economy continues to expand globally.

Security 161

Security Regulation New Jersey Payments 161

PYMNTS

JANUARY 19, 2021

Fines levied under the General Data Protection Regulation (GDPR) jumped almost 40 percent in the past 12 months as European Union (EU) regulators stepped up enforcement efforts, Financial Times (FT) reported on Tuesday (Jan. More than 50 percent of those penalties were levied by Italy and Germany.

Regulation 202

Regulation Data Security Groups 202

PYMNTS

MAY 1, 2020

Financial institutions (FIs) and regulators in Singapore, the E.U. have passed laws or implemented programs over the past two years to put more focus on digital banking and data security, fundamentally changing how online transactions work. with ease, control and security.”. and the U.S. Similar to the U.K.

Innovation 245

Innovation Regulation Digital Banking Security 245

Abrigo

JANUARY 24, 2025

Issuance of commercial mortgage-backed securities (CMBS) rebounded sharply in 2024, with volume jumping 155% year-over-year to more than $100 billion. Among that group, CRE origination volumes by mid-2024 had fallen to levels 58% below pre-COVID averages in 2019. Senior housing and aging office buildings add to the pressure.

Lending 221

Lending Trends Risk Management Management 221

PYMNTS

NOVEMBER 21, 2019

A group of senators have introduced a bill that would classify Facebook’s proposed cryptocurrency Libra as a security under the law, according to a report by CNBC. The bill is called the “Managed Stablecoins are Securities Act of 2019” and was proposed by two members of the House Financial Services Committee, Reps.

Security 136

Security cryptocurrency Bitcoin Regulation 136

PYMNTS

JUNE 24, 2020

billion) in April, more than five times higher than the same month in 2019, Janardana said Zopa would offer “competitive” interest rates. But it plans to avoid the interest-free introductory deals common among the nation’s credit card market. As savings deposits increased by £16.2bn ($20.2

Security 215

Security Capital Cards Report 215

PYMNTS

JANUARY 14, 2021

Bitcoin is about to get even more scrutiny by regulators, on a global stage. As reported by Reuters this week, Lagarde said at a conference sponsored by the newswire that bitcoin should be regulated — worldwide. She went on to say that “there has to be regulation. She pointed to the crypto’s use in criminal activity.

Bitcoin 152

Bitcoin Regulation Tools cryptocurrency 152

PYMNTS

JANUARY 22, 2019

Last year brought the General Data Protection Regulation (GDPR) deadline, Europe’s attempt to boost online privacy and security for consumers — a law that just resulted in a $57 million fine against Google , which was accused of not doing enough to gain the consent of users when collecting data meant for targeted advertising.

Payments 195

Payments Regulation Data Security 195

PYMNTS

FEBRUARY 17, 2020

increased regulation over content delivered online through platforms may be on the horizon. This past week, Britain’s federal government said its media regulator, known as Ofcom, would be given new oversight to monitor and regulate material posted on the web by companies such as Facebook, Google and Twitter. In the U.K.,

Regulation 140

Regulation Google Operations Company 140

PYMNTS

FEBRUARY 5, 2020

The Merchants’ Guide to Navigating Global Payments Regulations , powered by Ekata, dives deep into this complex and unsettled topic, from possible abrupt retail impacts to long-term open banking repercussions. The General Data Protection Regulation (GDPR) turns two in May, and just like a toddler, it’s messing things up­ (for some).

Google 288

Google Data Regulation social media 288

PYMNTS

FEBRUARY 23, 2020

The banking firm has been talking with London regulators about the idea, according to The Financial Times on Saturday (Feb. JPMorgan Chase tapped an ex-regulator , Clive Adamson, to head up the efforts to launch the digital bank. JPMorgan Chase is taking steps to open a digital bank in the U.K. by the end of the year.

Digital Banking 255

Digital Banking Lending Regulation Operations 255

PYMNTS

NOVEMBER 4, 2020

Fagundes, the release stated, has been charged with numerous crimes, including "operation of a financial institution without legal authorization, fraudulent management of a financial institution, misappropriation, and money laundering," along with violating securities laws. As such, crypto is used more often for illicit purchases of drugs.

Fraud 234

Fraud cryptocurrency Regulation Operations 234

PYMNTS

DECEMBER 24, 2019

The fact was, then, blockchain was synonymous with crypto, and now, increasingly, blockchain has become divorced from digital coins, and championed for its ability to securely record transactions (where, at least conceivably, anything can change hands, from art to legal contracts) far beyond the confines of digital money.

blockchain 139

blockchain Course Bitcoin Examples 139

PYMNTS

JANUARY 20, 2020

Fabara officially joined Visa in September of 2019, coming from Amex, where he was president of its global services group. Now four months in, he told Webster that the idea of a secure and trusted payments ecosystem is part of Visa’s “corporate DNA.” Going on the Offense. More and more, we are going after bad actors with a vengeance.

Security 168

Security Fraud Risk Management Payments 168

PYMNTS

MARCH 7, 2019

Merchants and customers are now transacting under PSD2 and GDPR in the European Union (EU) — regulations that allow a greater window into how customer data is being used. While these regulations are aimed at increasing consumer trust by allowing them more transparency, many consumers in the region are still adjusting.

Lending 198

Lending Regulation Regional Data 198

PYMNTS

DECEMBER 28, 2020

Anthony Tan , Grab co-founder and chief executive officer, is looking to secure his title for life as the Singapore delivery and rideshare platform continues to move forward in its merger with rival Gojek , based in Indonesia. 28), citing sources. It is believed that supervoting shares also would be extended to Gojek co-CEO Andre Soelistyo.

Security 249

Security Regulation Company Report 249

PYMNTS

DECEMBER 27, 2019

By the numbers, it is hard to deny in the closing days of 2019 that instant payments, as observed by the PYMNTS Instant Payments Tracker , have hit their stride and are no longer a P2P payments tool for gig economy workers. In 2019 that number had nearly quadrupled to 42 percent. Here are four on that list. Instant Payments .

Payments 139

Payments Innovation Study Data 139

PYMNTS

OCTOBER 8, 2018

In other news, regulators in the European Union are looking at initial coin offerings (ICOs) to determine if they need to be regulated, Reuters reported. The European Securities and Markets Authority (ESMA) along with national regulators are looking into ICOs on a case-by-case basis. telephone number management.”

blockchain 176

blockchain Bitcoin Regulation Security 176

PYMNTS

SEPTEMBER 24, 2020

One 2019 report noted that there were 220 updates to such requirements worldwide each day, equating to roughly 80,000 in one year. Companies are reexamining how they can use cloud technologies to comply with changing security standards as digital banking volumes expand. EU and U.K. Answering The Data Question .

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Compliance Fraud Regulation Security 151

PYMNTS

DECEMBER 10, 2020

billion in 2019 and is projected to reach $1.4 billion in 2019, a larger sum than in 2017 and 2018 combined. Government regulators and cryptocurrency exchanges are frantically looking for ways to regulate and prevent the laundering of stolen money through cryptocurrencies, with some methods showing more promise than others.

cryptocurrency 222

cryptocurrency Compliance Bitcoin Regulation 222

PYMNTS

AUGUST 19, 2019

There are billions of devices in the world helping to monitor and regulate everything from room temperatures to restocking the fridge. 33 percent: Projected CAGR of the global IoT insurance market, as measured between 2019 and 2025. Data: $1 trillion: Projected value of global IoT spending in 2022.

Analytics 192

Analytics Regulation Data US 192

PYMNTS

DECEMBER 8, 2020

Cybercriminals are constantly one step ahead of government regulators, developing new and inventive schemes faster than the authorities can quash them. billion in 2019, including $2.8 Many banks and government regulators have a growing sense of distrust in cryptocurrency exchanges due to this widespread lack of compliance.

cryptocurrency 261

cryptocurrency Mobile Compliance Analysis 261

PYMNTS

JANUARY 30, 2020

30), citing a security researcher. The breach was supposedly discovered via white-hat or ethical hacking , the security researcher said. computer hacking regulations. computer hacking regulations. The security researcher got into SpiceJet’s network last month by “brute-forcing” the system’s weak password.

Data 201

Data Security Regulation System 201

PYMNTS

SEPTEMBER 2, 2020

The Montreal-based payment technology company was valued at $2 billion at the close of 2019. If approved by the Canadian Securities Administrators (CSA), the country’s equivalent of the U.S. Securities and Exchange Commission, the stock would be listed on the Toronto Stock Exchange under the “NVEI” ticker.

Payments 229

Payments Fintech Security Technology 229