The Payments Association

MARCH 18, 2025

But these opportunities are accompanied by mounting risks around data governance, security, and regulatory fragmentation. While data privacy concerns and varying interoperability standards remain key adoption barriers, progress can be accelerated through standardised APIs and consumer education. Regional approaches are diverging.

Finance 88

Finance Payment APIs and Integration Non-Bank Embedded Finance 88

PYMNTS

DECEMBER 31, 2018

According to the report, cybercrime touched nearly every sector throughout 2018, including those that may seem less obvious, like education or manufacturing — and for one obvious reason: the money. Facebook’s 2018 regarding the stewardship of user data and privacy was one it would like to soon forget. Department Store Hacks.

Data Breach 92

Data Breach Breach Database Compromise 92

PYMNTS

APRIL 1, 2020

Washington State Governor Jay Inslee signed a bill on Tuesday (March 31) establishing specific rules – backed by Microsoft – governing facial recognition software, according to a blog by Bill Smith, president of Microsoft. In our view, this required a legal floor of responsibility, governed by the rule of law,” Smith said.

Laws 121

Laws Law Enforcement Governance Government 121

PYMNTS

FEBRUARY 3, 2017

Setting and sticking to a budget can be difficult for anyone — and it’s even more so for the government. Given the fact that governments can be impacted by myriad factors at any time, they need to have a solid financial management system in place. So what’s the best way to effectively utilize that data?

Blockchain 58

Blockchain Government Governance Regulatory Compliance 58

PYMNTS

JANUARY 18, 2019

Regulators in the United States have reportedly met to discuss levying fines against social media giant Facebook , a punishment that could be sizable in scope and which comes in the wake of privacy violations. Other data privacy issues have been reported beyond that linkup. million paid by Google in 2012.

Privacy 51

Privacy Regulations FTC Federal Trade Commission 51

Segpay

SEPTEMBER 30, 2024

Brazil: A Broad Legal Framework Brazil, the largest country in Latin America with a population of 212 million requires multi-mode verification, combining government-issued ID checks, biometric data, and parental consent, to verify a user’s age. We also look at the age verification tools that are used in the region.

Verification 111

Verification Legal Framework Laws Regulations 111

PYMNTS

JUNE 9, 2020

The EU enacted open banking rules in 2018, inspiring regulators worldwide to reconsider how they were transacting funds or transmitting data. Data privacy and security standards are critical for regulators to address in regions such as the U.S., Customers are relying less on cash than ever: 69 percent of adults in the U.K.

Privacy 52

Privacy Regulations Online and Mobile Banking CCPA 52

Clearly Payments

OCTOBER 31, 2024

Market Growth : BNPL saw a 400% increase in usage globally since 2018 and is expected to grow 17% annually through 2028. Primary Use Cases : CBDCs are designed to enhance financial inclusion, streamline payments, and provide a government-regulated alternative to cryptocurrencies and private digital payment providers.

Online and Mobile Banking 98

Online and Mobile Banking RTP BNPL Debit Card 98

PYMNTS

JULY 9, 2019

12, when Europe’s top court will give an opinion regarding Facebook privacy. The issue came to a head Tuesday (July 9) at the end of a Court of Justice of the European Union (ECJ) hearing capping a six-year saga pitting Facebook against Austrian privacy activist Max Schrems. Facebook isn’t alone in privacy scrutiny.

Privacy 40

Privacy Caps Rules Laws 40

PYMNTS

JULY 9, 2019

12, when Europe’s top court will give an opinion regarding Facebook privacy. The issue came to a head Tuesday (July 9) at the end of a Court of Justice of the European Union (ECJ) hearing capping a six-year saga pitting Facebook against Austrian privacy activist Max Schrems. Facebook isn’t alone in privacy scrutiny.

Privacy 40

Privacy Rules Caps Laws 40

PYMNTS

JANUARY 20, 2020

regulators have levied $126 million in fines for data violations since mid-2018, Google CEO Sundar Pichai calls for international cooperation in artificial intelligence (AI) governance and U.K. have levied €114 million ($126 million) in fines for data violations since instituting stronger privacy mandates in mid-2018.

Government 52

Government Governance Regulations AI 52

Fintech News

JULY 17, 2024

Crypto Obfuscation Services: Mixers, Privacy Coins, and Bridges Mixers, also known as tumblers, have seen fluctuating popularity as a tool for money laundering. Privacy coins, particularly Monero , have seen increased adoption among those seeking to avoid scrutiny. The United Arab Emirates has amended Federal Decree-Law No. (20)

Money Laundering 109

Money Laundering Law Enforcement AML Non-Bank 109

PYMNTS

NOVEMBER 9, 2020

Here’s the latest news from the technology industry, which is coming under increasing global scrutiny from governments and consumers. California’s Proposition 24 Vote Could Bolster Digital Privacy Laws In Other States. Regulation. EU Gears Up To Propose New Big Tech Regulations. Australian Regulator Looks Into Merger Law Changes.

Regulations 84

Regulations Privacy Compliance Laws 84

PYMNTS

NOVEMBER 30, 2020

The British government is establishing a new Digital Markets Unit tasked with enforcing laws that apply to Big Tech companies, such as Google and Facebook , authorities announced in a press release. The new unit, according to the government's announcement, will fall within the U.K.'s According to the U.K.

Rules 75

Rules Laws Authorization Regulations 75

PYMNTS

JANUARY 3, 2019

As the new year begins, 2019 promises to bring more than a few challenges to Facebook, given that it’s yet to dig itself out from controversies involving privacy, data security and data sharing. When asked why they were sharing less content on Facebook, 47 percent of surveyed Facebook users said privacy concerns were holding them back.

Privacy 74

Privacy Research Participant Checks 74

PYMNTS

MARCH 7, 2019

However, as stated, many still have qualms regarding Open Banking and data transparency when it comes to security and privacy, concerns that are still being debated in the Bulgarian government as GDPR progresses. For more on the security and privacy issues surrounding these regulations, visit the Tracker’s News & Trends section.

Privacy 79

Privacy Regulations Online and Mobile Banking Breach 79

PYMNTS

JULY 16, 2018

New rules may loom for technology providers pertaining to privacy — on a national level. Companies also have new rules in place that govern how data is shared for children aged 16 and below. In another nod toward privacy, Microsoft wants to see government regulation of facial recognition technology.

Privacy 40

Privacy Rules Regs Money Laundering 40

PYMNTS

OCTOBER 22, 2018

Fraudsters have found a new favored method for the holidays, the Sears’ bankruptcy filing finally came in and the major card networks found themselves on the wrong side of India’s emerging data privacy efforts. As of September 2018, losses from gift-card fraud have hit $53 million. Problems With India’s Privacy Law.

Laws 53

Laws Privacy FTC Push-to-Card 53

Open Banking Excellence

SEPTEMBER 27, 2024

Statistics about Financial Inclusion and FinTech in Mexico To introduce the OBE community to the opportunities in this emerging ecosystem, we have collected key statistics and insights to show the benefits Open Banking can bring to Mexico`s society, government, and economy.

Financial Inclusion 147

Financial Inclusion Laws FinTech Regulations 147

CB Insights

MARCH 27, 2019

identity records, including those of politicians and government officials, leak across the internet. into cybersecurity startups globally — especially as tech companies have been largely at the center of privacy regulation issues. Most recently, Dow Jones saw over 2.4M Future of Cybersecurity: Trends & Startups To Watch.

Cybersecurity 76

Cybersecurity Encryption Data Breach Breach 76

PYMNTS

FEBRUARY 24, 2020

The country’s government and regulators are keeping pace with those in the European Union and the U.S. Confronting the Chinese Privacy Myth . China is viewed externally as a country where privacy is not expected and not thought about, but I do not think that accurately reflects how it is viewed within China,” Carter said.

Privacy 64

Privacy Laws Regulations Cybersecurity 64

PYMNTS

JUNE 18, 2019

This comes after rumors of children being kidnapped spread on the app and a number of people were lynched across the country in 2018. We have reached the limit of anonymity on the internet and that has to go,” another government official said. Fingerprinting WhatsApp messages will help find the originator of the message.

Encryption 69

Encryption Governance Government Privacy 69

PYMNTS

FEBRUARY 14, 2020

The creation of digital IDs also has the beneficial effect of helping governments and companies combat financial fraud and money laundering activities. The initiative will be on hold until the government enacts new laws that would safeguard data security. The Core Principles. Cohen told Webster the U.N.’s

Money Laundering 82

Money Laundering Privacy Financial Inclusion Use Case 82

PYMNTS

JUNE 4, 2018

Reports of her 2018 internet trends presentation have been hard to avoid in recent days, and not every Meeker observation rises to the level of news or wisdom. Take privacy. on-demand workforce will increase 23 percent year over year in 2018, with some 6.8 According to her research, the U.S. million workers classified as such.

Privacy 44

Privacy Economy AI On-Demand 44

PYMNTS

NOVEMBER 2, 2020

In 2018, the Postal Service piloted the FBI partership program at two post offices in Washington, D.C. A Government Accountability Office (GAO) report found that in 2018, the Postal Service's retail facilities accounted for about $10.5 The American Civil Liberties Union (ACLU) had issues with the policy over privacy concerns.

FBI 76

FBI NOV Privacy Posting 76

PYMNTS

NOVEMBER 20, 2019

government, according to a report by TechCrunch. . The company said requests were up 27 percent in 2018, as opposed to a year earlier. Uber said the increased number of requests was due to not only its company growth but a “rising interest” from governments to look at its customer data. regulators and 1.8

Law Enforcement 46

Law Enforcement Privacy Laws Governance 46

PYMNTS

MARCH 31, 2020

Devising open banking laws that adequately respond to shifting privacy needs and satisfy both businesses and consumers is difficult. merchants to understand which data may be accessed, however, and this is becoming more challenging as state legislators change, adapt and stretch their open banking and privacy laws. Fragmentation in U.S.

Regulations 61

Regulations CCPA Consumer Privacy 61

PYMNTS

AUGUST 7, 2019

In fact, the reported number of exposed consumer records that contained sensitive personally identifiable information jumped 126 percent between 2017 and 2018. Fraudsters can still game the system by using photos of users, and biometrics also gets a bad rap due to privacy concerns. The downside?

Authentication 74

Authentication Verification Breach Blockchain 74

PYMNTS

AUGUST 23, 2019

An Indian court has ruled that people in the country can’t link Aadhaar (unique identification) or any other government-issued identification with their social media accounts, according to reports. . The ruling was a response to a couple of public interest litigations (PIL) that were filed in 2018. One Justice in India named S.

Rules 57

Rules Accounts Audit Encryption 57

CB Insights

MARCH 20, 2018

Artificial Intelligence Trends To Watch In 2018. The government’s ambitious plans hinge on three legs: support from big tech giants like Alibaba and Tencent, strong startup partnerships, and elaborately crafted government policies favoring national security over privacy. Table of Contents. China’s plan of action.

AI 67

AI CHIPS Governance Government 67

PYMNTS

NOVEMBER 13, 2020

The work will start immediately, and the laws will be completed by the beginning of next year,” said Sirpa Paatero, the minister of local government who oversees Finland’s electronic services. Police in Finland said as many as 40,000 patients of the clinic could have had their data exposed in breaches in 2018 and 2019.

Breach 69

Breach Laws Identity Theft Data Breach 69

Fintech News

APRIL 8, 2024

They will also explore how technology is addressing pressing environmental, social, and governance (ESG) challenges, and discover how partnerships between fintech companies, traditional financial institutions and cross-industry collaborations are driving innovation and shaping the fintech landscape in Asia.

FinTech 117

FinTech Cross-Border APACS Participant 117

PYMNTS

MARCH 13, 2020

The World Bank estimated that one billion people lacked formal identity documents as of 2018. million people by November 2018, and the collected data was used to help bring aid to the appropriate recipients, support program planning by gaining improved insights into refugees’ needs and thwart attempted fraud. The effort had verified 1.1

Credential 63

Credential Blockchain Authentication Privacy 63

PYMNTS

NOVEMBER 7, 2019

Consumers around the world log in to eBay with their Facebook profiles, purchase lunches with Apple Pay and in some cases pay their taxes or register to vote with government-provided digital identities. First inquiries revolve around personal privacy. Digital identities are flexibly changing forms as they gain ubiquity.

Privacy 52

Privacy Government Governance Verification 52

PYMNTS

MARCH 18, 2019

More regulations are in the offing, as reported in ZDNet , which in an overview noted that the call by companies such as Google and Facebook last year for a national data privacy law was seconded, in a way, by the U.S. Government Accountability Office, which offered a similar embrace in February of this year. Privacy and Competition.

Regulations 63

Regulations Privacy Laws Encryption 63

CB Insights

OCTOBER 2, 2018

Similarly, Amazon Web Services (AWS) has a contract with the US government called Secret Region to serve workloads across the full range of government data classifications, including Top Secret documents. In fact, all of FAMGA are patenting data security inventions and are hiring to boost their privacy and security functions.

Data Security 58

Data Security Encryption Security Data Breach 58

PYMNTS

JANUARY 7, 2019

But at the same time, the laws governing biometrics are a work in progress, and as more consumers become more skeptical about the safety and use of their identities and data online, you can bet on more cases testing the boundaries of existing regulations. for use of biometric data. Six Flags Case.

Consumer 64

Consumer Laws Privacy Authentication 64