PYMNTS

JUNE 11, 2019

banking industry is an ever-evolving machine, shaped and disrupted by FinTech, regulation and shifting customer expectations. Garrabrants said this is indicative of the FinTech community understanding the benefits of participating in a highly regulated sector.

Office of the Comptroller of the Currency 60

Office of the Comptroller of the Currency Small Business Payment APIs and Integration Third-Party Service Provider 60

PYMNTS

DECEMBER 6, 2017

One of the largest question marks plaguing blockchain is the uncertainty over incoming regulation. So far, the latest developments suggest regulators and government agencies are more interested in exploring blockchain technology, not restricting it via regulation. In the U.S.,

Blockchain 50

Blockchain Distributed Ledger Technology (DLT) Third-Party Service Provider Government 50

PYMNTS

DECEMBER 26, 2018

While traditionally, banks have controlled the infrastructure, hardware and operating systems for financial services, new entrants may have the agile infrastructure and innovative propositions to personalize to meet individual consumer needs. The Rise of the Customer.

Cross-Border 51

Cross-Border Cross-Border Payments SWIFT Innovation 51

PYMNTS

JUNE 26, 2019

One of the biggest arguments in favor of federal legalization of marijuana is the opportunity for regulation to pull an industry off the black market, and into the world of compliance and transparency — ultimately promoting consumer safety. State and federal regulation can ensure that those consumers are using safe products.

Legal 44

Legal Mitigation Verification Risk Mitigation 44

PYMNTS

MAY 9, 2017

In an interview with PYMNTS’ Karen Webster, Ralf Ohlhausen, business development director at PPRO Financial, said, “From the outset, none of the banks would have been very excited about the prospect of letting third parties access their customer data, which is quite understandable of course.”

Third-Party Service Provider 54

Third-Party Service Provider Authorization Non-Bank API 54

PayHawk

APRIL 18, 2023

K Know Your Customer (KYC) The process of verifying the identity and background of a customer, typically required for compliance with anti-money laundering (AML) and counter-terrorism financing (CTF) regulations. Processor A financial institution or third-party service provider that processes payments on behalf of merchants.

Process 52

Process Card Issuer Online and Mobile Banking Issuers 52

PYMNTS

OCTOBER 2, 2017

Bank customers and regulators would likely agree: There’s no excuse for a financial institution to accept lackluster cybersecurity measures. But according to a new report from BitSight, that’s exactly what’s happening as FIs work with partners and other third-party service providers.

Cybersecurity 51

Cybersecurity Risk Compromise Risk Management 51

PYMNTS

JUNE 3, 2020

may have been slow to embrace the cloud, in a way the market has itself leapfrogged over others around the globe through its open banking regulations, which opened the door for challenger banks and agile FinTechs to launch and loop into bank account data. .” An API-First Strategy. While the U.K.

Payroll 52

Payroll Faster Payments API Payment APIs and Integration 52

EBizCharge

JULY 16, 2024

Adhering to NACHA requirements Financial institutions, credit unions, and other ACH network participants need to ensure they remain in lockstep with NACHA regulations to facilitate efficient payments. Cash concentration or disbursement (CCD): CCD entries are primarily used for business-to-business (B2B) payments.

NACHA 52

NACHA Nacha Rules ACH Network ACH 52

PYMNTS

OCTOBER 24, 2019

and other markets’ Open Banking initiatives like the revised Payment Services Directive (PSD2). But Lutz warned that such regulations wouldn’t necessarily make multi-bank connectivity processes simple.

Treasury 40

Treasury Treasury Management Cross-Border Payment APIs and Integration 40

PYMNTS

DECEMBER 14, 2018

This comes as more FinTech firms and third-party service providers — including exchanges, clearing institutions, as well as infrastructure and technical providers — integrate their functionality into banks’ own platforms to enhance the cross-border payments experience. ”

Cross-Border Payments 77

Cross-Border Payments Cross-Border Correspondent Bank Correspondent 77