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.

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Laws Law Enforcement Government Governance 121

PYMNTS

MARCH 1, 2020

The facial recognition app Clearview AI was banned from Apple ’s developer program after allegedly violating the iPhone maker’s rules, Buzzfeed News reported on Friday (Feb. Analysis by BuzzFeed News of Clearview AI’s app for Apple’s mobile operating system discovered that Clearview broke rules about the distribution of its apps.

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Law Enforcement AI Blocks Laws 60

Finextra

JUNE 2, 2025

The idea is that secure open access can actually enhance trust by giving customers visibility and choice – and regulators enforced rules to protect against misuse. The rules of the game are transparent, based on code. Every protocol is a Lego block that can snap onto others. It was largely born from regulation (e.g.,

Finance 52

Finance Payment APIs and Integration API Regulations 52

PYMNTS

MARCH 22, 2019

A new report on China stated that if the country doesn’t start to work on improving issues like data privacy and intellectual property protection, it could lose out on 37 trillion yuan ($5.5 China regularly blocks access to websites it thinks might be threats, like The New York Times, YouTube, Twitter and Facebook, as well as Google.

Privacy 46

Privacy Cross-Border Blocks ISOs 46

PYMNTS

JANUARY 2, 2020

In today’s top payments news, JPMorgan blocks FinTechs from accessing customers’ passwords, and Ant Financial and Razer throw their hats into the ring for one of Singapore’s five available digital banking licenses. JPMorgan Ups Security By Blocking FinTechs From Passwords. JPMorgan Ups Security By Blocking FinTechs From Passwords.

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Blocks FinTech B2B Small Business 53

Payments Source

JULY 19, 2019

Lawmakers from both parties strongly criticized Libra this week, but largely steered clear of proposals to stop it.

Blocks 81

Blocks Rules Privacy Cryptocurrency 81

PYMNTS

DECEMBER 21, 2020

The European Union ’s governing European Commission published drafts of new rules for digital services that would cover social media, digital marketplaces and other platforms. Facebook to Migrate UK Users to California Privacy Agreement Due to Brexit. Facebook Ad Criticizes Apple Over Privacy Changes. and Europe. Facebook’s U.K.

Privacy 57

Privacy Agreements Federal Trade Commission Regs 57

PYMNTS

DECEMBER 19, 2019

A total of 41 apps were found to be not in compliance of user data rules, according to regulators, and violations included improperly collecting or using information about visitors to their services. The rules of the regulators are secret, but discussion of politically sensitive topics has been known to disappear from websites.

Privacy 52

Privacy Regulations Rules Authorization 52

PYMNTS

SEPTEMBER 7, 2020

District Court Judge Yvonne Gonzalez Rogers for the Northern District of California ruled Apple can’t block the game maker from accessing Unreal Engine tools, a popular game engine developed by Epic that is used to build 3-D games on Apple platforms. “Apple has driven a stake in the ‘Fortnite’ community,” Epic said in its filing.

Rules 78

Rules Blocks Privacy Continuity 78

PYMNTS

JUNE 12, 2019

Delrahim said the antitrust division of the Justice Department looks for rising prices, lower quality, loss of privacy and collusion when looking to see if a company violated antitrust laws.

Federal Trade Commission 55

Federal Trade Commission Rules FTC Blocks 55

PYMNTS

OCTOBER 8, 2020

“It’s not happening because people are not used to it, they’re not aware of it as a security flag, and they don’t have the rules in place,” he said, adding that fear of losing business is also a factor. For instance, Briggs recalled that he was once blocked from paying some large bills online while traveling in Italy.

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Addressing Checks Online and Mobile Banking Crime 106

PYMNTS

MAY 9, 2019

“Accountability of tech companies can only be achieved through the painstaking introduction of new rules for the internet. According to media reports, as part of the FTC settlement, Facebook would be required to hire executives to implement privacy policies and create an independent board to assess whether it is practicing those policies.

FTC 57

FTC Federal Trade Commission Privacy Rules 57

PYMNTS

JANUARY 26, 2020

Lee told CNBC he wanted to follow that lead with healthcare as the company moves forward amid new Department of Health and Human Services rules that prevent companies from blocking patient information. That would have the effect of making it quicker for healthcare developers to build appropriate apps.

Rules 60

Rules Privacy Credential Blocks 60

PYMNTS

FEBRUARY 11, 2020

“Next week, Mark Zuckerberg will travel to Europe to participate in the Munich Security Conference, and meet with European decision-makers in Brussels to discuss a framework for new rules and regulations for the internet,” Facebook said. Rules will not be finalized until feedback is considered.

Regulations 60

Regulations Privacy Rules Blocks 60

PYMNTS

OCTOBER 14, 2016

Emin Gün Sirer from Cornell made a pertinent statement on the final day of the Scaling Bitcoin conference: “We were all busy arguing about the block size, but everything else is crucial.” ” For many, block size is no longer the way to increase the network’s capacity. Let’s talk about throughput.

Bitcoin 77

Bitcoin Blocks Central Bank Digital Currency 77

PYMNTS

SEPTEMBER 11, 2020

The change, which is planned as a feature in iOS 14 to be released later this year, would give device users the option to block tracking when opening an app. Apple disclosed this week that it will delay the new privacy rule that its opponents say would hurt Facebook and other firms that rely on ad revenues.

Rules 63

Rules Blocks Privacy Returns 63

PYMNTS

FEBRUARY 11, 2020

“Next week, Mark Zuckerberg will travel to Europe to participate in the Munich Security Conference, and meet with European decision-makers in Brussels to discuss a framework for new rules and regulations for the internet,” Facebook said. Rules will not be finalized until feedback is considered.

Regulations 52

Regulations Privacy Rules Blocks 52

PYMNTS

APRIL 18, 2018

Russia is making good on its threat to ban Telegram by blocking IP addresses owned by Google and Amazon, saying they were being used by the messaging service. On Monday (April 16), a Russian court made it easier for the government to block Telegram after its creators refused to turn over access to its users’ encrypted messages.

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Blocks Encryption Authorization Addressing 43

PYMNTS

FEBRUARY 4, 2020

These markets’ proposed privacy and banking rules are largely modeled after GDPR and PSD2, so regulators must avoid the stumbling blocks that banks and businesses hit soon after implementation. GDPR and PSD2 have significantly shifted how EU banks and businesses exchange online funds and consumer data.

Authentication 57

Authentication Regulations Compliance Privacy 57

Segpay

MARCH 24, 2025

KYC & Customer Due Diligence (CDD) Australia: Risk-based approach, with minimum KYC checks under the AML/CTF Rules. USA: More prescriptive Customer Identification Program (CIP) rules, requiring standardized ID verification and risk-based CDD measures. Strict ID verification under state gaming laws and FinCEN rules.

Compliance 71

Compliance Suspicious Activity Report (SAR) Fincen AML 71

Neopay

NOVEMBER 27, 2023

In the US, the Consumer Financial Protection Bureau published a proposed rule that would see non-bank financial companies that handle more than five million transactions per year face the same rules as large banks and credit unions.

CashApp 52

CashApp FinTech Rules Non-Bank 52

PYMNTS

DECEMBER 12, 2019

Action by the FTC would probably involve an order that would force Facebook to stop enforcing its policies regarding apps, as well as blocking it from integrating apps any further, which could complicate things if the company is eventually ordered to break up. The FTC action could happen as soon as next month.

FTC 52

FTC Federal Trade Commission Interoperability Encryption 52

PYMNTS

APRIL 16, 2018

A Russian court has made it easier for the government to block the Telegram messaging app after its creators refused to turn over access to its users’ encrypted messages. According to The New York Times , Roskomnadzor, Russia’s state communications watchdog, requested the authority to block the app’s use in Russian territories.

Blocks 40

Blocks Encryption Authorization Rules 40

PYMNTS

JUNE 17, 2019

Promising as intelligence of things (IoT) solutions are, though, security has been a stumbling block. A national privacy law hasn’t become a reality as yet, though that is in part because there isn’t a consensus on how strict it should be. Smart technology is what makes ordering by voice and remotely monitoring your home possible.

Security 69

Security Laws Interoperability Credential 69

PYMNTS

MAY 9, 2019

Nor is the idea of appointing a privacy executive to oversee how it handles data. According to media reports, as part of the FTC settlement, Facebook would be required to hire executives to implement privacy policies and create an independent board to asses if it is practicing those policies.

FTC 43

FTC Federal Trade Commission Privacy Government 43

PYMNTS

OCTOBER 29, 2018

These pieces of legislation introduced new rules about how companies and entities address issues of accountability, documentation, privacy reviews and design, and also impose high fines for non-compliance. As a result, banks would do well to implement proactive account and transaction monitoring to guard against cyberattacks.

Security 76

Security Payment APIs and Integration API Authentication 76

PYMNTS

MAY 4, 2020

Plus, he noted, it is a heavily regulated field in which the focus on consumer privacy is tightly honed and submerged in a veritable ocean of bureaucratic red tape. And if you think about [it], this is the underlying kind of innovative building blocks that single digital health application or telemedicine provider needs,” he said. “To

Innovation 91

Innovation Payer Procedures Addressing 91

PYMNTS

SEPTEMBER 24, 2019

And yet, may the leap to exchanges for futures, or other trading, run into stumbling blocks? We have seen in the past that this has led to some delistings of alt coins on privacy concerns. We have seen in the past that this has led to some delistings of alt coins on privacy concerns.

Bitcoin 72

Bitcoin Travel Rule Cryptocurrency Money Laundering 72

PYMNTS

JANUARY 31, 2020

Other regulators in Australia, India and Singapore are examining financial innovation rules of their own, using GDPR and PSD2 as guidelines. The European Data Protection Board (EDPB) recently issued updated guidelines for compliance with GDPR, aiming to help affected banks and businesses answer any lingering questions about the rule.

Authorization 54

Authorization Regulations API Rules 54

PYMNTS

JUNE 1, 2020

Visa and Mastercard and the card brands in the last two years have made more updates and changes to their chargeback rules and technologies than they did in the previous 25 years,” he told Webster. In the brave new world of life (and commerce) done digitally, questions surrounding data sharing — and privacy — naturally arise.

Cross-Border 69

Cross-Border Payments Privacy Issuers 69

PYMNTS

MAY 28, 2018

Perhaps among the poster children for debates around data and privacy, Facebook came into the headlines this past week. The news was that four complaints were filed against the company by privacy activist Max Schrems, centered on consent required to use online services.

Office of the Comptroller of the Currency 40

Office of the Comptroller of the Currency Money Laundering Privacy Non-Bank 40

PYMNTS

MARCH 2, 2020

The damage to both the bank — experts estimate the hack cost it more than $100 million — and its customers’ data privacy cannot be overstated, but what made this attack particularly worrisome was that Capital One’s and AWS’ cloud security measures were considered to be fairly robust.

Security 69

Security Fraud Detection Breach Data Breach 69

PYMNTS

MAY 1, 2019

The Building Blocks. Along the way there is a “deep obligation,” he said, to protect the data and promote data privacy, beyond even the confines and mandates of GDPR and other regulations.). Think of it as a cake with candles.”. Each layer learns from the prior layer by taking its output and performing computations on it.

AI 84

AI Use Case Encryption Blocks 84

Stax

JANUARY 15, 2024

Implement geo-blocking measures, i.e., blocking or limiting payment transactions from regions or countries where surcharging is prohibited by local regulations. Navigating Card Network Rules Credit card brands and financial institutions enforce PCI DSS compliance. Mastercard ​​Mastercard co-founded and co-developed the PCI DSS.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

PYMNTS

FEBRUARY 22, 2019

New rulings like the European Union’s Revised Payment Services Directive (PSD2) and General Data Protection Regulation (GDPR) are calling for greater transparency and customer interaction from companies, and that call is now reverberating beyond Europe. Data Privacy and the Rise of IoT.

Security 43

Security Privacy Laws Consumer 43

PYMNTS

JUNE 9, 2019

Spending by the tech companies is going to lobbying varying issues including competition and privacy. A European Commission spokesperson said the Commission plans to defend its ruling in court. The report noted Apple spent $6.68 million in 2018, which is down a little bit from 2017 and much higher than in 2016.

Federal Trade Commission 46

Federal Trade Commission Blocks Regulations Privacy 46

PYMNTS

APRIL 12, 2017

According to Bitfinex, this effectively blocks stateside customers from selling virtual currency holdings. Federal Reserve, said in a statement last month, noting that significant security and privacy issues still exist in the digital currency space that need to be addressed. Powell, a governor of the U.S.

Bitcoin 40

Bitcoin Wire Transfer Federal Reserve Digital Currency 40