PYMNTS

JUNE 17, 2019

Promising as intelligence of things (IoT) solutions are, though, security has been a stumbling block. The June IoT Tracker explores the latest advancements in IoT security and new applications of smart technology. According to the tracker, the global IoT security market is expected to increase by a 35.5

Security 174

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BankUnderground

MARCH 28, 2024

In our recently published Staff Working Paper , we ask how monetary policy should be conducted amid, what has been referred to as, a ‘battle of the markups’. We find that countercyclicality in aspired price markups (‘sellers’ inflation’) calls for more dovish monetary policy.

Policies 137

Policies National Examples US 137

PYMNTS

MAY 16, 2020

100 for User A in America, 200 pesos for User B in Mexico and so forth) in order to perform transactions in a secure, fast and reliable way.”. A central entity may implement a monetary policy and issue currency. A central entity may maintain exclusive rights to create or destroy currency in a region such as a nation.

System 320

System blockchain Regional Security 320

Abrigo

APRIL 6, 2022

New Rule Outlines Computer-Security Incident Notification Obligations for Banks Financial institutions and their service providers should prepare to meet new computer-security notice requirements by May 1, 2022. . Computer-security incident notifications required. Expand and Clarify. What are the new notification requirements?

Security 195

Security Regulation District of Columbia United States 195

BankUnderground

OCTOBER 26, 2021

The Bank of England co-organised a ‘ History and Policy Making Conference ‘ in late 2020. History offers policymakers and academics useful case studies that can serve as distant mirrors beyond the study of crises and policy responses to them. Monetary theory and policy in Medieval France. Nathan Sussman.

Policies 133

Policies Taxes Maine National 133

Perficient

JUNE 30, 2022

Some of these online articles can be found here: OCC Provides Roadmap for National Banks and Savings Associations To Conduct Crypto Activities – Perficient Blogs. The paper also lays out plans to expand the resources of the Securities Commission of The Bahamas to bolster its role as the main crypto regulator.

cryptocurrency 472

cryptocurrency Regulation Conference Taxes 472

PYMNTS

MAY 22, 2020

Treasury’s difficulties getting relief money to individuals, has renewed calls for the government to accelerate its FedNow national real-time payments network, still not expected to be operational until at least 2023. The Paycheck Protection Program (PPP) disbursement fiasco, coupled with the U.S.

Payments 344

Payments Policies Guidelines National 344

PYMNTS

APRIL 8, 2019

The world of payments has provided a new leader to the National Urban League. Murphy was elected to the post during the National Urban League’s Board of Trustees quarterly meeting in New York City. His job includes oversight of the payment card network’s legal affairs, public policy, corporate governance and compliance. “He

National 122

National New York City New York Leadership 122

PYMNTS

SEPTEMBER 25, 2020

Notably, China’s central bank is already developing and testing a national digital currency in the Asian nation. However, she added that “issues raised by central bank digital currency related to financial stability, market structure, security, privacy and monetary policy all need to be better understood.”.

Cleveland 330

Cleveland Massachusetts Boston Survey 330

PYMNTS

JANUARY 19, 2020

Lawmakers across multiple states are considering legislation to reconfigure the often burdensome security deposit structure that adversely affects renters of less financial means, according to the Wall Street Journal. As many as one fourth of all renters in the United States devote 50% or more of their monthly expenses to rent.

Security 139

Security New Hampshire Alabama Oregon 139

PYMNTS

MARCH 20, 2020

Just weeks ago there was talk that Chinese-made drones were a threat to American security, but authorities are increasingly looking to them as alternatives to human contact as the coronavirus crisis continues. There are many use cases for drones that can aid the nation,” said Lisa Ellman, the group’s executive director.

California 315

California Apple Policies National 315

PYMNTS

JUNE 16, 2020

But Kellerman and other security experts advocated at the hearing for legislative measures, such as modernizing anti-money laundering (AML) and forfeiture rules and moving the Secret Service to the Treasury Department, to help combat the threat.

US 227

US Cyber Security Security National 227

Independent Banker

AUGUST 31, 2021

ICBA’s National Community Bank Service Award winners for 2021 demonstrate that when their local areas need support, community banks are there with innovative, compassionate and thoughtful responses. The community bank provided nearly 480,000 PPP loans totaling more than $13 billion to businesses across the nation. “I

Community Bank 196

Community Bank Community National Fresno 196

PYMNTS

SEPTEMBER 30, 2020

The House committee held a hearing on the idea after Acting Comptroller of the Currency Brian Brooks in July proposed a new special purpose national banking charter for payments companies. However, the banking industry doesn’t like that one bit. “We

Regulation 349

Regulation National System Industry 349

PYMNTS

DECEMBER 3, 2018

With cyberattacks on the rise, corporate victims find themselves battling it out with cyber insurance companies over protection from the damage done by security breaches. The Financial Times reports that not only have sales of policies been growing by about 25 percent a year, but so have disputes between companies and the insurers.

Policies 184

Policies Virginia Security National 184

PYMNTS

FEBRUARY 18, 2020

Can monetary policy cure the ills of an economic slowdown caused by the Coronavirus ? The mechanics are such that the central bank buys securities from commercial banks through a bidding process – and, as Bloomberg reported , the goal is to keep liquidity at a “sufficient level.”. China may be about to find out.

Policies 130

Policies Retail New York Lending 130

PYMNTS

DECEMBER 27, 2020

a security firm, on Thursday said its unidentified software vendor had been comprised and hackers used the access try to read Crowdstrike’s internal email, Reuters reported. and the federal Departments of Defense, State, Commerce, Treasury and Homeland Security. The suspected Russian hackers who penetrated important U.S.

Report 211

Report Security System Software 211

PYMNTS

DECEMBER 4, 2020

The proof-of-concept was run in partnership with BIS’ Innovation Hub Swiss Centre, the Swiss National Bank and financial infrastructure operator SIX, according to the announcement. It offers potential advantages but faces “major” policy hurdles, according to the announcement.

cryptocurrency 152

cryptocurrency Bitcoin National US 152

Abrigo

JULY 9, 2024

Takeaway 2 Financial institutions will need to incorporate FinCEN's national AML/CFT priorities into their risk assessments and compliance programs. It also required that FinCEN integrate its AML/CFT policy priorities into financial institutions’ risk assessments. These FinCEN priorities highlight significant threats to the U.S.

Compliance 221

Compliance Fraud Regulation National 221

PYMNTS

JULY 11, 2019

In a first-ever congressional hearing on marijuana law reform, the House Judiciary Subcommittee on Crime, Terrorism and Homeland Security convened July 10 to debate altering federal law around cannabis, CNBC reports. policy manager at the Drug Policy Alliance’s Office of National Affairs. Karen Bass, D-Calif.

Policies 199

Policies Washington America Meeting 199

PYMNTS

DECEMBER 23, 2019

Policy advisers at a leading think tank said that China should introduce a regulatory framework for artificial intelligence in the finance sector, according to a report from Reuters on Sunday (Dec 22). China is set on being a world leader in artificial intelligence. billion by 2023, up from an estimated $4.5

Regulation 202

Regulation Groups Policies Big Data 202

PYMNTS

SEPTEMBER 24, 2019

Securities and Exchange Commission declined to tell a congressional panel if the digital currency would be regulated as a security. And, even though Chairman Jay Clayton hasn’t talked about the cryptocurrency plan with the company, he does have an “open door” policy, Reuters reported.

Security 116

Security Regulation cryptocurrency Policies 116

PYMNTS

DECEMBER 2, 2019

The Department of Homeland Security (DHS) wants to update a current law requiring non-U.S. Before, it only applied to foreign nationals and visitors. citizens to be subject to facial recognition scans while entering and leaving the country to include U.S. citizens, according to a report by TechCrunch.

Security 130

Security US Exercises Policies 130

PYMNTS

NOVEMBER 23, 2016

22) that it is working to modify its debit routing policies, saying that it has “modified and clarified” its rules to boost EMV chip card adoption in the United States. As has been widely reported, EMV transactions are more secure than “swiped” transactions, as they require a PIN to complete a purchase. Visa said Tuesday (Nov.

Policies 100

Policies United States Cards Retail 100

PYMNTS

APRIL 2, 2019

However, it does struggle in two areas: mid-band spectrum and national strategy. rose from third to first in the ranks due to “quick action and visionary leadership” from policy makers, as well as the slashing of regulations and laws preventing the technology from moving forward. By the latter part of 2019, the U.S. and none in China.

US 160

US Policies United States Leadership 160

PYMNTS

AUGUST 18, 2019

Carolyn Maloney, Lacy Clay, Al Green and Stephen Lynch — who wrote a letter calling for Facebook to stop its plans, citing risks to security, financial stability and the control the U.S. government has over monetary policy. “It monetary policy and the dollar,” the letter stated. Soon after, the U.S.

US 173

US social media Policies cryptocurrency 173

PYMNTS

AUGUST 11, 2020

“Fraud prevention solutions need to address the most common types of insurance fraud, like bots that submit illegitimate bulk quotes to open fake policies by using consumer information” that is purchased or stolen, Jay Sarzen, senior analyst, Aite Group, said in the announcement.

Fraud 234

Fraud Industry Idaho Customer Experience 234

PYMNTS

NOVEMBER 25, 2019

A draft document noted that, beyond technical risks in regards to cybersecurity, “non-technical factors such as the legal and policy framework to which suppliers may be subject to in third countries, should be considered,” CNBC reported. The agency is moving to prohibit some Huawei equipment, noting that it poses a serious security threat.

United States 159

United States Security Meeting National 159

PYMNTS

OCTOBER 17, 2018

Securities and Exchange Commission (SEC) has issued a stern warning to public companies: tighten cybersecurity controls or risk being in violation of federal law. The companies, which each had securities listed on a national stock exchange, were in sectors including technology, machinery, real estate, energy, financial, and consumer goods.

Fraud 190

Fraud Security Policies National 190

PYMNTS

OCTOBER 21, 2020

The pandemic has shifted priorities in regulatory policy tied to the financial services industry — and for Europe, it is heralding the emergence of a data-driven economy. Maniati noted the transformation had been in place well before COVID and has stretched back over five years, but has seen some urgency in recent months.

Data 317

Data Regulation National Examples 317

Perficient

JULY 11, 2022

I used Afterpay for the shoe purchase because it allowed me to not take as big of a hit to my bank account at a time when I had more expenses than usual occur all at once so that I could feel more financially secure as I awaited my next paycheck. And, I didn’t have to pay interest, so I’d say Afterpay worked out for me well in this instance.

Fintech 474

Fintech Trends Apple South Dakota 474

South State Correspondent

APRIL 4, 2024

Furthermore, high federal government debt does not just lead to higher interest rates but also poses economic, national security, and social challenges. These changes associated with higher government budgetary spending will have direct and consequential effects on the banking industry.

Risk Management 195

Risk Management Community Bank Policies Community 195

PYMNTS

AUGUST 1, 2018

A new report by the Bipartisan Policy Center recommended several reforms that would help the U.S. The report called on Congress to establish a national commission to conduct a comprehensive review of existing financial laws and regulations, and establish a pilot program to test the efficacy of coordinated bank examination teams.

Policies 100

Policies Report Regulation Maine 100

PYMNTS

APRIL 3, 2020

“Our real-time settlement platform is a pivotal contribution to Europe’s endeavors to satisfy citizens’ increasing demand for faster, cheaper and convenient payment services without compromising on security.”. The deal comes one day after the ECB extended the timeline for the review of its monetary policy in the wake of the coronavirus.

Payments 187

Payments National Policies Community 187

PYMNTS

FEBRUARY 14, 2020

In perhaps the most sweeping example, the member states of the United Nations have embraced, as part of “sustainable development goals,” a target to “provide legal identity for all, including birth registration,” by 2030. The initiative will be on hold until the government enacts new laws that would safeguard data security.

How To 205

How To National Data Fraud 205

Abrigo

JANUARY 17, 2024

The United Nations estimates there are currently 40 million people enslaved around the world, and that one-quarter of them are children. Policies that promote the employment of former trafficking victims can help end cycles of trafficking, as well.

Training 259

Training Community Software Texas 259

CFPB Monitor

NOVEMBER 22, 2022

Department of Housing Urban Development (HUD) recently issued a final rule permitting the use of private flood insurance policies with FHA-insured mortgage loans. Prior to the HUD final rule, HUD only accepted flood insurance policies issued under the National Flood Insurance Program (NFIP).

Policies 148

Policies Meeting Exercises Regulation 148