PYMNTS

SEPTEMBER 21, 2020

Today in the changing world of how we eat, Blaze Pizza finds ways to fight friendly fraud and quick-service restaurants (QSRs) digitally delight for National Cheeseburger Day. McDonald's Burger King And Other QSRs Celebrate National Cheeseburger Day With App-Based Discounts. How Blaze Pizza Fires Up Friendly Fraud Defenses.

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PYMNTS

MARCH 3, 2020

Two Chinese nationals were charged by the U.S. The hacking of virtual currency exchanges and related money laundering for the benefit of North Korean actors poses a grave threat to the security and integrity of the global financial system,” said U.S. national security,” said Don Fort, chief, IRS-CI. “We

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PYMNTS

NOVEMBER 28, 2019

India’s Minister of state for electronics and IT (MeitY) has announced that the government is drafting a national framework to expand the deployment of blockchain use cases. Dhotre added that the government is drafting an approach paper on the National Level Blockchain Framework.

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blockchain National Cyber Security Security 158

PYMNTS

JULY 10, 2020

Punjab National Bank shares fell by nearly 6 percent late Thursday (June 9) after it was defrauded $491 million by one of its customers, The Wall Street Journal reported. Punjab National failed to provide details of the alleged fraud and declined to comment, the Journal reported.

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National Fraud Report Security 134

PYMNTS

DECEMBER 14, 2020

Treasury and Commerce departments are unable to protect their digital databases, lesser organizations would be seemingly hard-pressed to prevent similar security breaches. When an aggressive group like this gets an ‘open sesame’ to many desirable systems, they are going to use it widely.”. The thinking goes that if the U.S.

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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?

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PYMNTS

JANUARY 31, 2018

Following a malware attack that allowed “unauthorized parties” to access customer credit card information, off-price retailer National Stores is seeking to prevent fraudulent activity and improve the security of its point-of-sale (POS) systems, the company said in an announcement. “We 11 may be involved in the breach.

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PYMNTS

NOVEMBER 19, 2020

Securities and Exchange Commission (SEC) Chairman Jay Clayton thinks inefficiencies in traditional payments are boosting favorability for bitcoin, a report from Coindesk says. Clayton, speaking on CNBC, said bitcoin's popularity came from that disappointment in mainstream payments.

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PYMNTS

NOVEMBER 7, 2019

The ethical questions digital ID systems generate are numerous and largely without simple answers or solutions. Many industry participants and watchdogs have suggested ethical codes for digital ID systems’ implementation and use. One of the leaders in national digital ID systems is Estonia, which provides digital IDs to all 1.3

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PYMNTS

JANUARY 15, 2021

Businesses of all types are deploying new initiatives to meet this demand, with merchants like CVS Pharmacy rolling out QR-based payment integrations at store locations across the country, and payments providers like Square and PayPal introducing QR codes at their point-of-sale (POS) systems. Developments From Around The World Of QR Codes.

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PYMNTS

NOVEMBER 23, 2020

He stated that the Figure Pay account will be interoperable with other accounts and payment methods (bypassing some of the vagaries of “closed” systems like MCX, now long-defunct). But a national charter would allow for a uniformity of presence and market scope. Looking Toward The Blockchain . The Charter Advantage .

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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

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PYMNTS

MAY 10, 2018

In an interview with PYMNTS, National Business Systems VP David Riley noted a lack of awareness in the field for smaller firms across several verticals. And yet, with technology that can solve speed and security issues for smaller firms, “education for merchants is still lacking horribly,” said Riley. “I

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PYMNTS

SEPTEMBER 14, 2017

China revealed that it is creating a national cyberattack database and will require telecom firms, internet companies and domain name providers to report any threats to it. This new law is yet another way that Chinese authorities are working to protect core infrastructure and private companies against cyberattacks.

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Perficient

NOVEMBER 1, 2024

Artificial intelligence (AI) is poised to affect every aspect of the world economy and play a significant role in the global financial system, leading financial regulators around the world to take various steps to address the impact of AI on their areas of responsibility.

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BankUnderground

AUGUST 9, 2022

We argue that if an open and decentralised metaverse grows, existing risks from cryptoassets may scale to have systemic financial stability consequences. Types of cryptoasset include non-fungible tokens (NFTs), cryptocurrencies, utility and security tokens. None currently meet the Bank’s standards for a systemic stablecoin.

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System blockchain cryptocurrency Lending 144

PYMNTS

AUGUST 5, 2020

Tim Horton , head of global merchant security and fraud solutions at Fiserv , told a recent PYMNTS Masterclass that online purchases have more than doubled year on year in the general retail segment, while online grocery sales have surged by 250 percent. Consumers Demand Fraud Protection . That’s bad for consumers — and bad for merchants. “We

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Security Fraud Data Online 267

PYMNTS

JUNE 1, 2018

Estonia has shelved plans to develop its own national cryptocurrency after the idea prompted criticism by banking authorities and Mario Draghi, the Italian economist and president of the European Central Bank. billion in securities from Russia were processed through the Estonian financial system. In 2012, more than €7.3

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cryptocurrency National System Report 124

PYMNTS

MAY 22, 2020

“What we’re seeing is an ugly underbelly of people who take things like the coronavirus, which is having an enormous impact on the world, and saying, ‘Hey, what a great time to try to scam people,’” Debbie Gould, chief security officer at PNC Financial Services , noted in a recent interview with PYMNTS. financial ecosystem at large.”.

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Fraud System Security Training 185

PYMNTS

JUNE 13, 2019

It’s undeniably advantageous to the world economy, with a recent study finding that national digital ID systems could induce GDP growth of up to 13 percent. The Drawbacks of Complex Security. AI Solutions for Balancing Security and Convenience. Such systems have run into regulatory trouble in the U.S., More than 4.5

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PYMNTS

DECEMBER 13, 2020

Department of Commerce and its National Telecommunications and Information Administration unit discovered Friday (Dec. 12) emergency meeting of the National Security Council at the White House, Reuters reported. Department of the Treasury , the U.S. 11) and over the weekend were severe enough to trigger a Saturday (Dec.

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CFPB Monitor

SEPTEMBER 11, 2018

Blaine Luetkemeyer would significantly change data security and breach notification standards for the financial services and insurance industries. Most notably, the proposed legislation would create a national standard for data security and breach notification and preempt all current state law on the matter.

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PYMNTS

JANUARY 28, 2020

WhatsApp, which boasts end-to-end encryption and high-level security, disclosed 12 vulnerabilities in 2019, seven of which were described as critical, according to a report by the Financial Times. National Vulnerability Database, which is run by the U.S. Facebook, which owns WhatsApp , said the iPhone was responsible for the hack.

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PYMNTS

FEBRUARY 27, 2018

These solutions could shift the way national security agencies in several countries operate, or force employers to change how they authenticate and identify their employees. Several nations around the world are reconsidering their approach to security and national identity systems. billion USD.

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Security Report National Millennials 110

PYMNTS

MAY 10, 2019

prosecutors have charged a Chinese national for his alleged involvement in the 2015 data breach at health insurance company Anthem , which led to the theft of 78.8 million records. businesses. businesses.

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National Data Indianapolis Fraud 115

PYMNTS

DECEMBER 13, 2018

Amid the continuing movements by governments and nations to overhaul payments operations, Vocalink said Wednesday (Dec. 12) that it has secured a contract with Cámara de Compensación Electrónica (CCE), the automated clearing house in Peru, to help transform payments infrastructure in that country.

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System Payments National Cards 134

Perficient

JUNE 5, 2020

Secure software practices are at the heart of all system development; doubly so for highly regulated industries such as health-care providers. As a best-practice it is recommended to adopt automation of certain security audits, integration of compliance oversight into key development process areas (e.g. Source Code Analysis.

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Compliance Security Software System 332

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

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PYMNTS

DECEMBER 14, 2020

At a time when our nation’s secrets at the NSA and Homeland Security and assets at the Department of the Treasury were able to be illicitly tapped into by foreign hackers, the security and reliability of countless other online industries and enterprises have also been brought into question.

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Google Security Washington Risk Management 192

Abrigo

AUGUST 6, 2019

The Financial Crimes Enforcement Network (FinCEN) is tasked with protecting the financial system both within the United States and internationally. Blanco discussed the organization’s active approach toward addressing the top financial threats to our financial system, our national security, and our communities and families.

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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. financial system and national security and aim to ensure institutions focus on the most pressing risks. These FinCEN priorities highlight significant threats to the U.S.

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Compliance Fraud Regulation National 221

PYMNTS

NOVEMBER 7, 2016

Last week, the Fed’s Secure Payments Task Force called for comment from industry stakeholders about what challenges they face when it comes to payments security. “The Secure Payments Task Force is particularly interested in understanding any barriers that may exist to implementing the planned solutions.”

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Security Payments Survey Innovation 193

PYMNTS

MARCH 23, 2017

But what happens when the prime mover behind the theft is an actual nation? Acting not against individuals, but another nation? The money made its way to the Philippines after infiltrators used international bank access codes tied to the SWIFT system, and not by “breaking” into the Fed’s bank itself.

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PYMNTS

DECEMBER 27, 2020

government networks by hijacking the system information technology vendor SolarWinds Corp. used to update customers’ software also used Microsoft resellers’ systems to break into their clients’ systems, Reuters reported, citing investigators. The suspected Russian hackers who penetrated important U.S.

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Report Security System Software 211

PYMNTS

JANUARY 21, 2020

The average security deposit in the U.S. Their savings might cover the security deposit — barely, in some cases — but will more or less be consumed. Average rents rose 36 percent nationally over the past decade, though rents rose more than twice that amount in hot markets such as Denver and Seattle, according to Yardi Matrix.

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PYMNTS

JANUARY 2, 2019

Coverage includes The National Bank of Kuwait ’s rollout of SWIFT Global Payments Innovation (gpi) services with the help of ACI Worldwide. The National Bank of Kuwait has rolled out SWIFT Global Payments Innovation (gpi) services via the payments engine of ACI Worldwide, according to an announcement.

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National Innovation Customer Experience Payments 122

Insights on Business

FEBRUARY 13, 2019

Gary Meshell, WW Leader Financial Services, IBM Security, opened his IBM Think 2019 talk, How Financial Services Companies Should Respond to Cyber Security Attacks with a bold assertion and truism. IBM and TD Bank jointly developed cyber security incident response solution for the financial services industry.

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