The Payments Association

NOVEMBER 11, 2024

The European Trajectory: A Mixed Bag The European Union has been at the forefront of open banking regulation, primarily through the Payment Services Directive 2 (PSD2). Security Concerns: Concerns about data security and privacy continue to weigh heavily on consumers and banks alike. However, challenges remain.

Payment APIs and Integration 88

Payment APIs and Integration API Privacy Regulations 88

PYMNTS

DECEMBER 9, 2020

The passwords, user names and Social Security numbers that once helped us prove we are who we say we are now are vulnerable or have already been compromised. And new regulations are taking root or are on the horizon to help protect consumers, their data and how that data might be used. It’s paramount.

Privacy 93

Privacy Regulations Verification Account Takeovers 93

VISTA InfoSec

MARCH 28, 2024

As cyber threats loom larger and data breaches become more frequent, safeguarding sensitive information cannot be ignored. Companies that excel in data protection comply with stringent regulations and gain a competitive edge by building solid relationships with their customers.

Data Breach 278

Data Breach Regulatory Compliance Breach Encryption 278

PYMNTS

MAY 1, 2020

Financial institutions (FIs) and regulators in Singapore, the E.U. have passed laws or implemented programs over the past two years to put more focus on digital banking and data security, fundamentally changing how online transactions work. and the U.S. these programs appear to have remained the same in most markets.

Privacy 98

Privacy API Innovation Payment APIs and Integration 98

VISTA InfoSec

SEPTEMBER 27, 2024

A Data Protection Officer (DPO) can be called as an ally for organizations that deals with large amount of Privacy related data in its core operation. Ensuring adherence to data protection laws, internal policies, and overseeing responsibilities, training, and audits.

CCPA 130

CCPA Privacy Assessments Laws 130

Fintech Finance

JUNE 13, 2024

EBANX , a global technology company specializing in payment services for emerging markets, has achieved the top international certification for Privacy Information Management Systems (PIMS), ISO/IEC 27701:2019. This certification ensures that the best practices available in the market for protecting data privacy are being strictly followed.

ISOs 81

ISOs Privacy Best Practices Compliance 81

PYMNTS

FEBRUARY 25, 2020

That paradox is evident between the appeal of personalization and a stepped-up need for privacy. But it also shows that privacy is paramount. That transaction has spawned major regulations in the European Union (GDPR) and California (CCPA). The bottom line is that data security is on the radar for consumers.

Privacy 81

Privacy CCPA On-Demand Consumer 81

Clearly Payments

NOVEMBER 13, 2024

Merchants in high-risk categories, such as online gaming, travel, and adult services, benefit from BIN data as it helps processors manage risk levels and ensure compliance with industry regulations. Establish a Relationship with an Acquiring Bank The first and most essential step in acquiring a BIN is to partner with an acquiring bank.

Process 104

Process Processors Payments Compliance 104

PYMNTS

MARCH 22, 2019

Matsei Technologies & Consulting and enterprise application solutions provider IFS have teamed up on one such digital farming option, hoping to encourage better food security in countries like South Africa. Congress have released rules to help regulate IoT data security.

Regulations 75

Regulations Cybersecurity Use Case Data Security 75

The Fintech Times

AUGUST 10, 2024

This initiative is timely as global attention on AI compliance intensifies, with new regulations in Asia as well as Europe highlighting the need for secure and ethical practices in the financial industry.

Cybersecurity 119

Cybersecurity Compliance AI Privacy 119

PYMNTS

OCTOBER 12, 2016

The basis for blockchain technology is something that works well in practice, but not in theory,” said Luther Martin at HPE Security-Data Security. The crux of many concerns relate to regulations that are still to be determined, and it may take awhile before they are truly established.

Blockchain 77

Blockchain Regulations Distributed Ledger Technology (DLT) Fed 77

The Fintech Times

FEBRUARY 17, 2025

But as AI takes on more responsibility, it raises big questions around ethics, regulation, and accountability. While the potential benefits appear endless, these advancements also present challenges, including tougher regulatory requirements, ethical considerations and the need for advanced data security measures.

FinTech 59

FinTech Romance Scams Scams AI 59

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. The COVID-19 pandemic’s impact on daily business has generated new questions surrounding these initiatives that regulators are now scrambling to answer. and the EU. Australia and Canada.

Privacy 52

Privacy Regulations Online and Mobile Banking CCPA 52

PYMNTS

DECEMBER 23, 2019

The same framework should be in place to improve technology used by regulators in efforts to strengthen supervision throughout the industry, the think tank also says. Yiping also believes the government should unite each financial regulatory body of data platforms to improve monitoring potential risk and ability to act faster on any problems.

Regulations 81

Regulations AI Finance P2P 81

FICO

NOVEMBER 1, 2016

The issuance of the proposed regulations follows a series of industry surveys and discussions with its regulated entities over the course of several years that provided insights on their cybersecurity programs, related costs and future plans. The post New York Proposes Major Changes to Cybersecurity Regulation appeared first on FICO.

Cybersecurity 81

Cybersecurity Regulations PCI DSS Data Encryption 81

Open Banking Excellence

JULY 9, 2024

In my conversations with Open Banking Excellence, it is clear to me that by sharing the Kazakh experience and journey with regulators and the like, we can learn from each other to promote the digital economies of all of our countries. Regulator-led Pilot Focused on Open API Infrastructure Our pilot launched on Nov.

API 147

API Payment APIs and Integration Participant Regulations 147

PYMNTS

JANUARY 25, 2019

The General Data Protection Regulation (GDPR), which went into effect May of 2018, has had some serious repercussions on tech companies all over Europe, but especially in the U.K. data protection watchdog is looking into the company after it reported “limited fraudulent activity” on some customers’ accounts.

Data Security 71

Data Security Posting Security Data Breach 71

The Payments Association

MARCH 18, 2025

Open finance is transforming financial services by enabling broader data-sharing, fostering competition, and driving innovation in payments and financial products. As more jurisdictions refine regulations and expand open finance frameworks, the focus will shift to interoperability, consumer trust, and cross-industry data integration.

Finance 88

Finance Payment APIs and Integration Non-Bank Embedded Finance 88

VISTA InfoSec

SEPTEMBER 14, 2023

If your business engages with these customers, it is subject to the EU’s General Data Protection Regulation (GDPR). This extensive data privacy regulation has an impact on many U.S. million) by Luxembourg’s National Commission for Data Protection (NCDP). entities due to its extraterritorial reach.

Compliance 130

Compliance Privacy Processors Legal 130

PYMNTS

FEBRUARY 21, 2019

However, concerns about device security are having a profound effect on the way consumers interact with IoT devices like smart speakers, especially as recent regulations like GDPR bring new data transparency to businesses and consumers. It’s a very important question to raise right now as IoT products are expanding.

Data Security 72

Data Security Security Identity Theft Use Case 72

PYMNTS

MARCH 6, 2019

The Federal Trade Commission (FTC) has requested comment on the proposed amendments of two rules that protect the privacy and security of customer data held by financial institutions (FIs). The proposed changes are related to the Safeguards Rule and the Privacy Rule under the Gramm-Leach-Bliley Act.

FTC 60

FTC Privacy Consumer Financial Protection Bureau (CFPB) Security 60

Finextra

JULY 7, 2025

Leveraging facilities in key financial hubs enables lower latency, faster transaction speeds, and seamless global expansion while adhering to regional regulations. Even the largest fintech players rely on colocation to scale data operations under strict privacy rules. That makes a secure, well-structured foundation essential.

FinTech 52

FinTech Payment APIs and Integration PCI DSS AI 52

CB Insights

OCTOBER 2, 2018

Facebook, Amazon, Microsoft, Google, and Apple (FAMGA) are doubling down on data security. Owning this data puts FAMGA on the front lines in the fight against the theft and exploitation of our personally identifiable information (PII). Effective data security features are critical to securing this information.

Data Security 58

Data Security Encryption Security Data Breach 58

VISTA InfoSec

JUNE 3, 2024

If your company has ever worked with businesses in European Union countries, you probably had to follow the EU’s General Data Protection Regulation (GDPR). This rule, which started on May 25, 2018, gives customers more control over their data and makes data collection and use more transparent.

MFA 130

MFA Credential PCI DSS Compliance 130

Finextra

JUNE 30, 2025

Data privacy is also a concern. Banks handle sensitive customer data that cannot be simply fed into public AI models without safeguards. regulators (like the OCC and Federal Reserve) increased scrutiny on banks’ use of AI, urging robust governance. In 2024, U.S. This has prompted industry calls for more guidance.

AI 69

AI Finance Fraud Detection Use Case 69

The Payments Association

JANUARY 22, 2025

This increased digital dependency has raised the need for secure access and quick and easy identity verification online. Still, they also expose new data privacy and security challenges due to the increasingly complex threat landscape. Previously, these exchanges relied on in-person verification.

Security 88

Security Online and Mobile Banking Credential Verification 88

PYMNTS

FEBRUARY 20, 2020

will no longer have access to European Union data security, instead being moved by the tech giant to American jurisdiction, according to officials, according to Reuters on Wednesday (Feb. companies, is staying in the EU and will keep some of the EU’s famously stringent data protection rules, the General Data Protection Regulation.

Privacy 56

Privacy Law Enforcement Laws Rules 56

PYMNTS

OCTOBER 3, 2019

However, the rise of B2C virtual assistants has also ushered in a highly divisive conversation about user data privacy. But Ajmera said B2C and B2B data privacy challenges cannot necessarily be compared. “In in particular. “In in particular. This, of course, is the goal, however the reality can be less straightforward.

Privacy 55

Privacy Finance Third-Party Service Provider B2C 55

Fintech Review

FEBRUARY 13, 2024

Regulators face the daunting task of ensuring consumer protection while fostering an environment conducive to innovation and growth, a task that requires a deep understanding of both technology and consumer needs. As services transition online, consumers face new risks, including data breaches, online fraud, and exposure to unfair practices.

Consumer Protection 105

Consumer Protection Innovation Consumer FinTech 105

PYMNTS

OCTOBER 5, 2018

Facebook-owned Instagram reportedly is testing a new privacy setting that could lead to more targeted ads directed at consumers. The new privacy setting would enable Instagram to share users’ location history with Facebook. Facebook, meanwhile, is dealing with more questions and concerns about security and data.

Privacy 60

Privacy Data Breach Compromise Breach 60

The Finance Weekly

JUNE 7, 2022

Let’s face it, no one should care more about a security posture than the company. Apart from strictly regulated industries, programs for two significant attack surfaces are either immature or non-existent. However, many still have to address the fundamental data security and privacy compliance consequences.

Cybersecurity 130

Cybersecurity Breach Privacy Risk Management 130

VISTA InfoSec

APRIL 12, 2024

Distinguishing between free and paid proxies is essential, as paid proxies often provide more substantial security features and reliability. Businesses deploy proxy servers to monitor and regulate their employees’ internet usage, ensuring data security and blocking access to harmful sites.

Cybersecurity 130

Cybersecurity Best Practices Encryption Blocks 130

PYMNTS

MARCH 25, 2019

Department of Homeland Security (DHS) and data security and privacy practice chair of D.C.-based The IoT security conversation is becoming more heated in the U.S. I think we’re rapidly approaching a world in which [regulations are] going to start happening more regularly.”. IoT security in a connected world.

Security 82

Security Privacy Regulations Cybersecurity 82

Finextra

JUNE 12, 2025

Could VoP become the global standard for payee verification, similar to how GDPR reshaped data privacy? Verification of Payee (VOP) scheme rules have been released by the European Payment Council (EPC) to comply with the EU’s Instant Payments Regulation (IPR). Please read our Privacy Policy.

Payee 52

Payee On-Demand Verification Payment APIs and Integration 52

Payments Source

NOVEMBER 10, 2020

Despite tougher privacy regulations, further safeguards are needed that require consumers' clear consent before personal information is exchanged.

Consumer 95

Consumer Privacy Regulations Data Security 95

Payment Savvy

OCTOBER 13, 2021

Companies and business owners are responsible for safeguarding the personal data of their customers. A data privacy policy can help clarify your responsibilities and give your customers peace of mind. What is a Data Privacy Policy? Why is Data Privacy Important? What Should the Policy Contain?

Privacy 52

Privacy Checks Legal Laws 52

Payments Source

MAY 23, 2019

Even though the General Data Protection Regulation has put data security and privacy top-of-mind throughout Europe in its first year, it is not likely the U.S. will see a similar federal mandate any time soon — if ever.

Privacy 75

Privacy Data Security Regulations Security 75