Payments Source

OCTOBER 8, 2020

It's a perplexing problem for those developing and instituting Payment Card Industry data security standards: Even as threats rise, the number of organizations that fully comply continues to drop.

Security 196

Security Compliance Data Cards 196

Perficient

MARCH 30, 2023

However, due to their sensitive and regulated natures, some industries – especially the financial services industry – have had more complicated cloud transformation journeys than others. Security Traditionally, information was said to be most secure when separated and segmented.

Security 492

Security Training Data Regional 492

Perficient

FEBRUARY 29, 2024

This blog was co-authored by Perficient’s Chief Strategist and banking expert: Scott Albahary A slowing global economy, coupled with a divergent economic landscape, poses challenges for the banking industry in 2024. Facilitation of embedded lending while ensuring compliance: Embedded finance initiatives must adhere to regulatory requirements.

Trends 221

Trends Industry Analytics Compliance 221

PYMNTS

JULY 16, 2020

As most businesses and industries have struggled over the past 12 weeks, the payments industry was ready with the necessary infrastructure, products and services to support the digital shift. What has changed is the demand for certain payment types above others.

Industry 239

Industry Payments Trends Compliance 239

PYMNTS

AUGUST 23, 2018

Compliance of General Data Protection Regulation (GDPR) rules remain low across the globe, according to the latest research from Dimensional Research. Reports from the Business Information Industry Association (BIIA) on Tuesday (Aug. Reports from the Business Information Industry Association (BIIA) on Tuesday (Aug.

Compliance 184

Compliance Regulation Data Survey 184

Perficient

FEBRUARY 22, 2023

Perficient is looking forward to bringing our unique combination of automation technical know-how along with financial services and payments industry expertise to the Banking Automation Summit in Charlotte, North Carolina on March 2-3.

Trends 474

Trends North Carolina Customer Experience Charlotte 474

Perficient

SEPTEMBER 11, 2023

Already reviewed by Perficient, BES provides a secure and efficient portal to exchange documents, information, and communications for consumer compliance and Community Reinvestment Act (CRA) examinations. Bank executives and supporting third parties will be authenticated using a secure two-factor authentication process.

Compliance 221

Compliance FDIC Tools Leadership 221

Abrigo

FEBRUARY 8, 2022

What NBFIs Should Know About Their AML Programs NBFI AML compliance requirements are top of mind in today's regulatory environment. NBFIs’ AML compliance requirements. But what about the NBFI compliance factor, particularly Bank Secrecy Act and anti-money laundering (BSA/AML) compliance? DOWNLOAD .

Compliance 195

Compliance Training Regulation Fraud 195

PYMNTS

DECEMBER 16, 2019

Courtneidge discussed those challenges in a recent interview with PYMNTS, noting that as FinTech innovation continues to solve the biggest B2B payments friction points, service providers are tasked with simultaneously prioritizing compliance — two goals that don’t always go hand in hand. Mixing Innovation With Compliance.

User Experience 204

User Experience Compliance Payments Fraud 204

Abrigo

AUGUST 19, 2024

A strong BSA prog r am starts with FFIEC compliance Building a robust BSA program means having access to the staffing and resources you need. You might also like this podcast, "Ensuring access to the FFIEC’s suitable resources at your financial institution: What BSA compliance officers need to know.

Resources 195

Resources Compliance Management Training 195

Perficient

APRIL 14, 2022

In my over thirty years of experience in the financial services industry, I have learned a thing or two about completing, reviewing, and filing various types of reports — some of which have extremely tight restrictions and constraints to which the reporter must abide. Treasury Securities to TRACE. Interested in learning more?

Report 294

Report Compliance Security Regulation 294

PYMNTS

JANUARY 24, 2019

With third-party due diligence and supply chain security as increasingly critical components of organizations’ procurement operations, compliance executives are finding important positions in their firms’ purchasing processes. ” Organizations must do more with less, and they must do it quickly, he continued.

Compliance 191

Compliance Risk Management Training Analysis 191

PYMNTS

NOVEMBER 26, 2019

But financial regulatory compliance can be a headache for any market. For traditional banks, compliance experts agree that it’s all about data — and the ability to share information with regulators. An Opportunity for Collaboration.

Compliance 182

Compliance Regulation Fintech Resources 182

PYMNTS

JUNE 11, 2020

Social distancing restrictions implemented to curb the virus’s spread are preventing compliance professionals from obtaining physical identification documents and holding in-person meetings that typically enforced anti-money laundering/know your customer (AML/KYC) compliance. Compliance Enforcement Goes Remote With Biometrics.

Compliance 186

Compliance Guidelines Meeting Tools 186

PYMNTS

DECEMBER 10, 2020

Cryptocurrency is one of the fastest-moving industries in the digital world, with a market that was valued at $1.03 Seventy percent of respondents in a recent survey said that criminal activity was a top concern for professionals in the global cryptocurrency and financial industries, with this activity taking a variety of forms.

cryptocurrency 222

cryptocurrency Compliance Bitcoin Regulation 222

PYMNTS

SEPTEMBER 10, 2019

The September AML/KYC Tracker examines the latest fraud challenges and efforts to ensure tight security and compliance. . Collaborations can help ease the challenges of compliance for companies seeking to keep their conduct above board. How Mobile Financial Startups Can Bridge the Security Gap.

Security 185

Security Fintech Fraud Compliance 185

PYMNTS

OCTOBER 6, 2020

Keeping customers' digital payment data safe and secure is a critical part of doing business in the digital economy, and following Payment Card Industry (PCI) compliance guidelines is an effective way for firms to accomplish this. Getting Up to Speed on Compliance. Sharing the Compliance Burden.

Compliance 178

Compliance Meeting Payments Cards 178

Bank Innovation

JANUARY 28, 2020

The Financial Data Exchange, an nonprofit industry consortium dedicated to unifying the financial industry around a common standard for secure and convenient consumer and business access to financial data, this week confirmed that it had added 25 new members in the second half of 2019.

Industry 199

Industry Data Security Management 199

Perficient

JUNE 16, 2020

With the healthcare industry having to quickly jump on the cloud bandwagon with telehealth recently, it is becoming apparent that a new norm is (in my millennial opinion, finally) emerging. With the number of tech-savvy patients increasing, it is becoming a requirement to provide easy accessibility while maintaining top security.

Google 322

Google Colorado Data Compliance 322

Perficient

MARCH 8, 2021

The other day a question came up on what extra due diligence do we need to do as we adhere to HIPAA compliance requirements. Other industries commonly use information about you to help with self-verification. Of course, any process like this must be vetted with your compliance organization and with legal. We can help.

Compliance 410

Compliance Course Online Examples 410

PYMNTS

JANUARY 14, 2021

Like so many industries today, the diamond sector continues to struggle with supply chain digitization. Today, the B2B eCommerce model has secured relatively high penetration as wholesalers embrace online platforms to display their product offerings. A B2B eCommerce Evolution. Fostering Supply Chain Trust.

Industry 204

Industry Strategy Retail Trends 204

Abrigo

NOVEMBER 2, 2021

Culture of compliance is crucial to BSA/AML programs Culture of compliance within the BSA/AML framework is not new and was first introduced by FinCEN in 2014. Takeaway 2 Poor culture of compliance will result in shortcomings in a financial institution's BSA/AML program. A strong culture of compliance is crucial.

Compliance 195

Compliance Regulation Resources Policies 195

PYMNTS

NOVEMBER 13, 2020

Despite a growing community of FinTech solutions geared toward the industry, managing invoices and B2B payments remains a challenge. In an effort to overcome this point of friction, alcohol industry solutions provider Fintech and eInvoicing technology firm AccountsFlow recently announced a partnership. That's a security risk.".

Industry 219

Industry Payments Retail Regulation 219

Perficient

JANUARY 28, 2021

As we mostly are working remotely these days, securing your space when you’re not in the safeguards of the office walls are critical. Perficient places a high value on data security and has several processes and tools in place to protect colleague and client information, but what about the everyday person?

Data 535

Data Security Software Community 535

PYMNTS

DECEMBER 9, 2018

With retailers struggling to get compliant with the Payment Card Industry Data Security Standard , qualified security assessors are going to be in more demand and can offer tokenization as one way of achieving compliance.

Retail 194

Retail Report Compliance Security 194

Perficient

APRIL 2, 2021

The RFI also solicits the industry’s views on the use of AI in financial services to assist in determining whether any clarifications from the agencies would be helpful for the use of AI in a safe and sound manner. Finally, views are sought for compliance with applicable laws and regulations, including those related to consumer protection.

Regulation 309

Regulation Industry Risk Management Analysis 309

PYMNTS

DECEMBER 29, 2020

With it, financial institutions need to strengthen their compliance to mitigate the risk of running afoul of the law. So it’s important for industry to support them aligned with the obligations they face under the Bank Secrecy Act,” he said. Complex Compliance. Can you really know your customer if you don’t know their location?”

Fraud 270

Fraud Compliance cryptocurrency Security 270

PYMNTS

AUGUST 16, 2020

The bill originally set out to distinguish digital assets from securities. In other news, the Association of Cryptocurrency Enterprises and Start-ups Singapore ( ACCESS ) has rolled out an official Code of Practice, to help standardize the industry and aid players in meeting regulatory compliance, according to a press release.

California 335

California Bitcoin cryptocurrency Meeting 335

Abrigo

OCTOBER 22, 2024

Since we founded the day of recognition in 2018, it’s become an opportunity for the nation to show gratitude for FinCrime fighters’ work in the financial industry. FinCrime fighters aren’t just checking boxes for compliance. financial institutions manage risk and drive growth in a rapidly changing world.

Security 221

Security Fraud Community National 221

Perficient

FEBRUARY 15, 2024

These DFS500 amendments signal a crucial shift in the regulatory landscape, emphasizing the imperative for robust governance, risk management, and compliance frameworks across the financial industry. Impacted institutions are subject to significant fines relative to the level of non-compliance identified by the regulators.

Compliance 221

Compliance New York Regulation Analysis 221

Cisco

JULY 19, 2024

Cisco Webex in collaboration with a partner provides a compliance and security solution tailored for digital communications within the Webex Suite, serving major organizations like top North American banks.

Compliance 118

Compliance Security Industry 118

Perficient

OCTOBER 6, 2020

Keep your crucial legacy applications secure and reduce costs by migrating them to Microsoft Azure with our Application Migration Accelerator. Most companies accumulate legacy applications over time, leading to issues with compliance, security, increasing support costs, and complex performance management. What It Is. What It Is.

Strategy 429

Strategy Training Analysis Security 429

Perficient

MAY 27, 2022

We’ll then move to the federal level, seeking regulatory guidance as to whether digital tokens are securities under the jurisdiction of the U.S. Securities and Exchange Commission (SEC) or commodities contracts over which the Commodity Futures Trading Commission (CFTC) has regulatory jurisdiction. State Regulations.

cryptocurrency 332

cryptocurrency Regulation Management Bitcoin 332

PYMNTS

DECEMBER 8, 2020

Some exchanges even deliberately avoid having KYC systems by obfuscating their country of origin to make it harder for regulators to impose national compliance guidelines. 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

Perficient

FEBRUARY 15, 2024

The NYSDFS Part 500 amendments signal a crucial shift in the financial services regulatory landscape and underscore the importance of robust governance, risk management, and compliance frameworks. Impacted institutions are subject to significant fines relative to the level of non-compliance identified by the regulators.

New York 221

New York Compliance Regulation Analysis 221

PYMNTS

SEPTEMBER 17, 2020

SWIFT , a global provider of secure financial messaging services, announced Wednesday (Sept. Combining these elements, we are creating a broad platform with faster technology and smarter and better services that the industry can trust as a foundation for innovation towards their own end-clients.”.

Innovation 348

Innovation Payments Compliance Data 348

Abrigo

AUGUST 31, 2023

Teaching staff these KYC tips to make clients feel more comfortable In 2023, KYC procedures must both support CDD compliance and make sure your institution is a welcoming place for all customers. Relationship building has long been part of the financial services industry, so knowing your customer may seem straightforward.

Compliance 195

Compliance Community System Training 195