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Payment Data Systems Announces Intent To Acquire Singular Payments

PYMNTS

Payment Data Systems (PDS), an integrated electronic payment solutions provider, announced that it is in the process of acquiring Singular Payments LLC. We intend to leverage the proven sales channel and technology that Vaden and his team have built to better position us for the future.

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What Are Virtual Terminals? A Guide for Businesses

EBizCharge

Flexibility: Businesses can accept payments from debit and credit cards and ACH/eChecks, accommodating various customer preferences. Secure payment processing: Data encryption ensures that credit card details and payment data are secure, reducing fraud risk.

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Why payment transparency is critical to the future of correspondent banking

The Payments Association

million for persistent failures in AML controls, including deficiencies in correspondent banking due diligence and transaction monitoring. Inadequate oversight of wire transfer data played a significant role in the enforcement action. In 2023, the UK Financial Conduct Authority (FCA) fined Guaranty Trust Bank (UK) Ltd 7.6

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UK Regulator Readies $123M Fine For Marriott Over GDPR Violations

PYMNTS

The company also stated that credit card data may have been compromised even though it had been encrypted. Marriott responded that “the company intends to respond and vigorously defend its position,” and that it “has the right to respond before any final determination is made and a fine can be issued by the ICO.”

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The Misunderstood Metric: A Closer Look at an Underrated Business Indicator

Finextra

The most useful ones include a blend of real-time trade payment data, legal filings, credit usage trends and financial health indicators like DBT. Reports that rely solely on static financial filings or outdated information miss critical changes in payment behaviors. But not all credit reports are created equal.

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When Vendors Open Doors To Cyberattackers

PYMNTS

Nearly 250 companies said they experienced a data breach because of security lapses at their supplier, and one-third of them said that incident impacted personal data. Twenty-nine percent said payment data was compromised, while nearly one-quarter said proprietary company data was exposed.

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Moving Data With Money The Key To Faster KYC: identitii

PYMNTS

Recently, identitii launched Overlay+ , an enhanced version of its tool to enable banks and corporates to transmit data that uses robotics process automation technology to offer “live monitoring and an unalterable record of any automated activities,” Peters said.