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US bank regulator didn’t have safeguard on hacked email account

Bank Automation

Office of the Comptroller of the Currency didnt have a basic protection enabled on an email account hackers exploited to spy on the messages of more than 100 bank regulators for over a year, according to two people familiar with the matter.

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Credit Card Processing for Small Business: Everything You Need to Know

Stax

The fact that the customer is not present physically at your store makes it a high-risk transaction, and the use of security measures like two-factor authentication is highly recommended. You must also be able to adapt the platform for automated compliance with regulations in your specific industry.

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FinCEN Files Show Banks’ ‘Whack-a-Mole’ Battle Against KYC/AML

PYMNTS

The reality of the global financial system is that there will always be attempts to launder money and evade sanctions; the responsibility of banks is to build effective screening and monitoring systems, and we work closely with regulators and law enforcement to bring perpetrators to justice.”. In one example, reported on Monday (Sept.

Fincen 139
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The Corporate Card Faces New Hurdles In AP Departments

PYMNTS

In this week’s look at the latest in Commercial Card Innovation, PYMNTS examines the tactics industry players use to overcome hurdles, including complex strong customer authentication (SCA) compliance requirements and the pain of supplier non-acceptance. Billtrust, REPAY Drive Virtual Card Adoption.

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PSD2: Ready Or Not? Not, Says Whitepages Pro

PYMNTS

The headlines surrounding PSD2 trumpet the arrival of open banking – where customers and companies have access to data in one place and can share it with third parties through APIs – but there is also the need for strong customer authentication (SCA). PSPs have been steadily gathering more information from merchants.

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New York Bolsters Cybersecurity Requirements

Global Fintech & Digital Assets

Valdez , Deric Behar , and Molly Whitman The New York State Department of Financial Services’ (DFS) amendments (the Amendments) to its cybersecurity regulations, which were adopted last month with the first implementation deadline of December 1, 2023, impose new and enhanced requirements on covered entities.

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GDPR & PSD2: A Silver Lining For Fraudsters?

PYMNTS

The deadlines for compliance with new European data regulations are right around the corner, and the impact of these changes won’t be limited to the European Union. The General Data Protection Regulation (GDPR) goes into effect on May 25 of this year. According to Ethoca, neither should preparations for the shift.