Bank Innovation

JANUARY 31, 2020

This week, the Consumer Financial Protection Bureau filed suit against Citizens Bank, alleging violations of the Truth in Lending Act (TILA), including implementing Regulation Z and the Credit Card Accountability Responsibility and Disclosure Act.

Cards 259

Cards Lending Regulation Management 259

Payments Dive

OCTOBER 31, 2023

Dick Durbin and Roger Marshall, who have introduced legislation to spur credit card competition, called on federal regulators to investigate card frequent flyer program abuses.

Cards 243

Cards Regulation 243

Perficient

JANUARY 18, 2023

As a result, the pace of data privacy and data regulation has accelerated on a global scale. Sensitive Data: Regulated. i.e., Customer credit card information. . Highly Sensitive Data: Subject to high regulation. Is this data subject to local or global regulations? i.e., employee salaries. .

Regulation 275

Regulation Data Security Compliance 275

PYMNTS

DECEMBER 31, 2020

Synchrony Bank will be able to offer a combination secured/unsecured credit card under a Consumer Financial Protection Bureau order posted Wednesday (Dec. Like other secured card offerings, the DFCC offers such consumers the opportunity to improve or establish their credit profile.".

Security 246

Security Cards Trends Regulation 246

PYMNTS

JUNE 22, 2020

A cyberattack from Maze ransomware against global business and tech firm Cognizant mostly hit the company’s corporate cards that had been issued to employees, the company told authorities, according to The Times of India. Also, the FBI has been called to assist with finding out the perpetrator.

Cards 257

Cards Fraud Course Report 257

PYMNTS

DECEMBER 16, 2020

According to Mexican regulators, the two companies in charge of the country's credit and debit settlements represent "a near monopoly," and big businesses need to sell shares in those companies, the Associated Press (AP) reported. In addition, Mexican payment systems often break down and make it more difficult to use cards.

Regulation 209

Regulation System Cards Fraud 209

PYMNTS

JANUARY 27, 2021

Although commercial cards are evolving to gain traction in more B2B payment scenarios — particularly, accounts payable (AP) — new challenges emerge that can slow down the rate of adoption. Billtrust, REPAY Drive Virtual Card Adoption. Tat Capital Debuts Value-Add For Corporate Cards.

Cards 237

Cards Capital Security Compliance 237

Abrigo

MARCH 18, 2025

Traditional & emerging payment systems Payment system vs. payment platform Regulations related to payment systems The growing risk of payment fraud What is a payment system? Card networks (Visa, Mastercard, American Express, Discover) Process payments between merchants, consumers, and financial institutions. accounts reached 387.7

System 195

System Payments Fraud Regulation 195

PYMNTS

JANUARY 7, 2021

(AmEx) harnessed strong and deceptive sales practices for card sales to business owners and if clients experienced negative effects, The Wall Street Journal reported Thursday (Jan. 7), citing unnamed sources. Representatives of the Fed, FDIC and Treasury inspectors general offices would not comment on the matter, the paper reported.

Cards 242

Cards FDIC Policies Risk Management 242

PYMNTS

NOVEMBER 25, 2020

The age of digital currencies might be fully upon us, but key questions swirl about how to issue and regulate cryptos – especially stablecoins. Regulators and lawmakers, however, can latch onto digital currency efforts as they must monitor and also supervise such stablecoins. In a paper that debuted Tuesday (Nov.

Regulation 231

Regulation Bitcoin Cleveland Study 231

PYMNTS

FEBRUARY 7, 2020

The European Union has issued new rules for contactless payments, which has caused confusion and forced one digital bank to issue new cards, according to a report in the Telegraph. The Strong Customer Authentication (SCA) regulations say a bank has to verify a person’s identity whenever they make a payment that totals 100 euros ($109.45).

Cards 204

Cards Regulation Digital Banking Maine 204

PYMNTS

DECEMBER 23, 2020

That arm of the financial technology (FinTech) giant offers a virtual credit card. Chinese regulators are looking to strengthen the rules for FinTechs. The Chinese government’s action took place after a falling out between regulators and Alibaba billionaire Jack Ma. The company did not elaborate.

Groups 242

Groups Cards Regulation Fintech 242

PYMNTS

JUNE 25, 2020

In today’s top news, Wirecard files for insolvency, and New York proposes easing regulations for cryptocurrency licenses. New York To Ease Cryptocurrency Regulations. Samsung To Roll Out Pay Card For Digital Wallet With Mastercard, Curve. plans to offer a Samsung Pay Card that will operate like a digital wall for customers.

New York 248

New York cryptocurrency Regulation Samsung 248

PYMNTS

JUNE 29, 2020

As Laura Valdespino , director of compliance solutions at ADP , told PYMNTS in a recent interview, using digital channels, and specifically, pay cards, can actually improve the employees’ pay experience over paper-based methods that have been in place for decades. Regulations are still where they were pre-pandemic,” Valdespino said.

Cards 236

Cards Compliance Regulation Payments 236

PYMNTS

JUNE 19, 2020

A top British financial services regulator Friday proposed new regulations that could help borrowers bracing for the end of consumer protections implemented as COVID-19 bore down on the country.

Regulation 210

Regulation Guidelines Maine Cards 210

Abrigo

AUGUST 27, 2020

Regulators have determined there are five top hot topics that institutions should expect during their next exam. Early communication with your regulator is key to understanding the struggles and successes of managing a BSA/AML program during a global pandemic. 5 Things Regulators Will Look For In Your Next Exam. Card Fraud.

Regulation 195

Regulation Fraud Compliance Trends 195

Payments Dive

SEPTEMBER 6, 2023

The card issuer added a former FDIC regional director to its board as it grapples with regulatory scrutiny.

FDIC 221

FDIC Regulation Regional Cards 221

Bank Innovation

JANUARY 8, 2020

While chip cards are becoming a mainstay at brick-and-mortar retail checkouts, gas pump payment technology lags behind. gas station owners until October of this year to upgrade pumps to accept EMV chip cards, rejecting a deadline extension request from the Merchant Advisory Group. Visa and Mastercard have given U.S.

Cards 259

Cards Meeting Groups Retail 259

PYMNTS

AUGUST 6, 2020

are made with cash , for example, and 63 percent of consumers have at least two credit cards. Corporates crave fast payments from banks, but financial institution (FI) payments are often hamstrung by regulations and cross-border frictions that FinTechs do not face. Only 26 percent of all consumer purchases in the U.S.

Regulation 245

Regulation Payments Innovation Fintech 245

Bank Innovation

JANUARY 8, 2018

Card provider Visa has dropped WaveCrest, a company that issued cryptocurrency-linked debit cards, from its network. WaveCrest, which granted physical debit cards linked to cryptocurrency wallets to its users in Europe, violated Visa’s operating regulations, according to a statement the company gave to CNBC last week.

cryptocurrency 285

cryptocurrency Cards Regulation Operations 285

Abrigo

AUGUST 27, 2020

Regulators have determined there are five top hot topics that institutions should expect during their next exam. Early communication with your regulator is key to understanding the struggles and successes of managing a BSA/AML program during a global pandemic. 5 Things Regulators Will Look For In Your Next Exam. Card Fraud.

Regulation 195

Regulation Fraud Compliance Lending 195

PYMNTS

SEPTEMBER 23, 2020

In today’s top payments news around the world, PayPal and Mastercard are adding more European Union (EU) countries to a debit card offering, while European Central Bank (ECB) President Christine Lagarde has called for a digital euro. Plus, the State Administration for Market Regulation in China has fined Luckin Coffee and other firms.

Cards 214

Cards Google Regulation cryptocurrency 214

PYMNTS

OCTOBER 5, 2020

Retailers must protect customers’ card data from hackers who try to snatch payment details, and following best practices to ensure security requires adhering to the regulations established by the PCI SSC, a global payments industry forum. The regulations can be numerous, however, with PCI DSS including 246 nonwaivable requirements.

Cards 207

Cards Data Compliance Payments 207

Bank Innovation

AUGUST 9, 2017

Fall is around the corner and prepaid card issuer Green Dot, which is the regulated bank partner for Apple Pay, has updates on Apple’s P2P money transfer service that will launch in the coming months.

Apple 305

Apple Regulation Cards Mobile 305

Perficient

APRIL 18, 2024

For example, switching checking accounts to one with a better interest rate involves resetting direct deposits and recurring bill-paying, printing new checks, and obtaining a new ATM card. Traditionally, banks hoarded financial data, sharing it sparingly on a need-to-know basis.

Cards 221

Cards Data Regulation Apple 221

PYMNTS

JANUARY 15, 2021

14) that it will soon be offering a cryptocurrency rewards credit card with its acquisition of Blockrize , which was developing such a card. Gemini Credit Card users will earn up to 3 percent back in cryptocurrency on every purchase, the release said, and will be able to use the card everywhere major cards are accepted.

Bitcoin 191

Bitcoin Cards cryptocurrency Regulation 191

PYMNTS

NOVEMBER 5, 2020

The Startup Accelerator is a portfolio of startup companies working across a varied set of fields, including customer experience, payments, marketing, risk and regulation, climate change and security, the release stated. Oliver works to transform legal servicing by letting every party easily collaborate in a transparent and compliant way.

Cards 183

Cards User Experience Customer Experience Regulation 183

Payments Dive

SEPTEMBER 18, 2024

Regulators should assume, as a default, that customers have not agreed to coverage and fees unless banks can provide signed agreements or recorded conversations, the agency said in a policy reminder.

ATM 195

ATM Cards Policies Regulation 195

Perficient

FEBRUARY 12, 2025

The industry faces numerous challenges, including protecting sensitive data, navigating evolving regulations, and outdated legacy systems. To harness AIs potential effectively, its essential to develop a strategy that considers payment regulations to ensure consumer protection , data privacy , and ethical use of AI.

Trends 221

Trends Payments Compliance blockchain 221

Payments Dive

JULY 29, 2024

In commenting on the proposal, the BNPL provider said consumers would be better served by rules specific to BNPL transactions, as opposed to credit card regulations.

Regulation 243

Regulation Cards 243

Perficient

FEBRUARY 16, 2023

Card Operations: The ServiceNow Card Operations provides a unified platform for creating and management of cases related to credit card inquiries, including new cards being requested, increasing, or decreasing credit limits, blocking, or unblocking cards, and closing down a card account.

Operations 474

Operations Industry Compliance Management 474

Bank Innovation

NOVEMBER 21, 2019

Following a recent backlash resulting from allegedly discriminatory underwriting methods for the Apple Card, lenders’ moves are facing scrutiny from regulators. In light of the increased oversight, however, industry practitioners emphasize the role of AI as a catalyst for a more inclusive process.

Apple 243

Apple Regulation Innovation Cards 243

Abrigo

APRIL 2, 2025

Financial crime professionals have developed many best practices for detecting and preventing payment fraud committed using traditional payment methods such as Automated Clearing House (ACH) transactions, checks, wire transfers, and card networks. However, with faster payments comes greater fraud risk. consumers lost over $12.5

Fraud 195

Fraud System Payments Training 195

Abrigo

SEPTEMBER 20, 2023

Regulators take risk seriously, and knowing just how much risk your institution can take while remaining compliant is essential. The credit union was not reviewing 314(a) requests, not conducting independent testing, and could not provide regulators with a meaningful risk assessment.

Compliance 150

Compliance Regulation Miami Fraud 150

Payments Dive

FEBRUARY 21, 2024

While the $35 billion acquisition is expected to prompt antitrust concerns related to consumer card lending, regulators may see competition benefits in the card network arena.

Capital 221

Capital Lending Regulation Cards 221

CFPB Monitor

JANUARY 12, 2023

in which it argues that a prepaid card loaded with pandemic-related unemployment benefits is a “prepaid account” subject to Regulation E, including its error resolution requirements. The CFPB has filed an amicus brief in Mohamed v. Bank of America, N.A.

Regulation 148

Regulation America Cards 148

PYMNTS

JULY 20, 2020

People can take whatever path they want, [do] whatever initiatives they want,” so long as companies obey Brazil’s regulations. WhatsApp’s partnership with Brazilian card operator Cielo was green-lit early in July after also initially being subject to skepticism, PYMNTS reported.

Payments 244

Payments Regulation Cards Operations 244