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No need to go over the numbers tied to the seismic breach because they keep changing, and may be changing even as you read this eBook. How can they do that in an environment in which the security status quo is no longer appropriate? So it is with Equifax. Equifax brings a few key questions to mind. That cat’s never coming back.
The standards put forth by the PCI Security Standards Council – the PCI Data Security Standards – offer a framework for ensuring data security, and they must be followed in order to avoid fines and other penalties. PCI compliance is vitally important for businesses that process credit cards. Gearing up for GDPR.
The following piece was written by Rob Eleveld, CEO of Whitepages Pro , as a contribution to our 2018 year-end eBook. . Payments 2018 was a year of accelerated disruption.
Akli Adjaoute, CEO of Brighterion , wrote this AI-focused piece as part of our 2018 year-end eBook. . Regulators admit that legacy AML solutions failed and they are encouraging banks to implement newer, more innovative approaches in this area. “As 3, 2018, the U.S.
PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. Regulation. Download the eBook. A new chapter is unfolding, written on the trials and successes of the past years.
PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. and also meet the growing ID verification requirements under ant-money laundering (AML) regulations. Download the eBook.
The time for “wait and see” is running out when it comes to new European privacy regulations. Soon enough, the financial and consumer impacts of the General Data Protection Regulation (GDPR) will become clear enough that companies that took a laggard’s approach may start to feel significant pain.
PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. Security is also important. Both payers and payees are looking for protection against fraud and assurances of compliance with any international regulations.
Daniel Houseman, partner at KPMG, contributed the following piece as part of the PYMNTS 2018 year-end eBook. . With greater transparency comes greater freedom and choice for customers, and various open banking regulations around the world have accelerated this trend. New Entrants. The Rise of the Customer.
Businesses and other organizations hoping to profit from the expanding digital economy find ways to maintain and even deepen consumer trust in their security efforts. The key is to ensure that all devices are secure,” Emery said. Having a complete and ongoing end-to-end security solution is critical.”. Financial Services.
PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of …” eBook. We are balancing the needs of: Convenience and speed against trust and security. Regulation must catch up. Download the eBook.
The majority prefer text (43%) while another 17% prefer email, despite security flaws described as early as 2016. This approach is being widened globally with the adoption of 3-D Secure 2 for card payments. Read our Fraud Survey Results eBooks for specific stats about individual countries: Brazil. a biometric). a biometric).
Following the highly successful The 11 Commandments of Digital Banking eBook , we are kicking off a series of 5 deeper dive blog posts that group the 11 Commandments below into common themes. Digital lift-and-shift is not a strategy! Friction – not inherently good or evil. Be personable in this impersonal channel. Respect the data.
Much attention has been placed on the sale of the securities portfolio at a loss and if that move itself was causal. Clearly, every bank or credit union that has purchased securities prior to the Fed raising rates has been feeling the effect of unrealized losses on those decisions. Enter interest rate risk.
The startup, which was established in 2008, privately raised $185 million before its $100 million initial public offering was blocked by the Australian Securities Exchange last year. So its secured lender, which [founder Scott] Jones didn’t name, recently emptied ChaCha’s bank accounts. Product: ChaCha.
As an industry, we, together with our regulators, have a duty to ensure that every business can be paid by its customers in an efficient, safe, risk-free and economical way. Fraud and security issues are significant problems faced by all businesses, but small businesses often have fewer resources to recover. But we could be doing more.
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