Search results for "anti-money laundering "

September 09, 2022
Partisan Fight over Digital Dollar Looms Larger

Reports that the Treasury Department is behind building a digital dollar before deciding whether to launch it will set off a partisan battle in Washington that’s been looming for a...


September 08, 2022
Stearns Bank Drives X-Border Payments With WireFX Collab

In a move to drive cross-border payments for its retail and business customers, independently-owned financial institution Stearns Bank is collaborating with FinTech startup WireFX. WireFX integrated its Global Payments-as-a-Service (GPaaS)...


September 07, 2022
Sanctions-Busting Russian Stablecoin Would Test US Regulations

Get ready to see the stablecoin regulation wars heat up. Tuesday (Sept. 6), Russia’s official government news agency, Tass, reported that the government was turning to stablecoins to make cross-border...


September 06, 2022
New UK Prime Minister Inherits Worsening Crisis, Skyrocketing Energy Bills

For believers in pathetic fallacy, the thunderclouds hanging over London today are an ominous sign for Liz Truss, who has officially been handed the reins of government by the outgoing...


September 06, 2022
PYMNTS Intelligence: Managing the Costs and Challenges of Regulatory Compliance

A survey of companies across Latin and North America found that more than half paid regulatory fines or otherwise suffered financially in the past year due to unmitigated compliance risks....


September 05, 2022
EU Digital Wallets Take On Global Card Networks, Strive for...

Interoperability has long been a guiding principle for the European payments ecosystem. A kind of mantra that has weathered the rollercoaster of European political (dis)integration, payment systems interoperability promises to...


September 02, 2022
Lawsuits Show Crypto KYC Can Help Recover Losses

One of the biggest issues virtually all crypto regulations seek to fix is the need to identify the parties in every transaction, which is difficult given that blockchain technology is...


September 01, 2022
Report: Feds Investigate Binance Over Bank Secrecy Violations

Federal authorities are investigating whether cryptocurrency exchange Binance violated the Bank Secrecy Act. That’s according to a Thursday (Sept. 1) Reuters report, which noted that the Department of Justice (DOJ)...


September 01, 2022
Nigeria Grants Flutterwave Valued Payments Processing License

African payments technology firm Flutterwave has been granted a Switching and Processing License by the Central Bank of Nigeria, which is widely considered the most significant payments processing license in...


Digital Fraud
No Phishing: Multilayered Defense Best Way to Keep Fraudsters Empty-Handed Social media scraping and automated fraud attacks have deemed old-school single-layer defense systems ineffective. In this month’s Digital Fraud Tracker®,” done in collaboration with and supported by PayPal, Georgetown cybersecurity Prof. Chuck Brooks tells PYMNTS how a mix of drills, training and separated siloes are the best way to send phishermen home empty-handed.
Credit Union Innovation Playbook: Data Analytics Edition

The Credit Union Innovation Playbook, in collaboration with PSCU, delves into the innovation agendas of players in the credit union ecosystem. Each edition of the Playbook hones in on a specific innovation focus, exploring the differences between how credit union members and leaders prioritize innovation in four select areas: risk and fraud, digital banking, data and analytics, and loyalty.