PYMNTS-MonitorEdge-May-2024

Security

Computer security, also known as cybersecurity or IT security, refers to the security of computing devices such as computers and smartphones, as well as computer networks such as private and public networks, and the Internet.

Source: en.wikipedia.org

FDIC Sees Non-Depository Financial Institution Loans Surge, Hinting at New Risks
FDIC Sees Non-Depository Financial Institution Loans Surge, Hinting at New Risks
September 09, 2024  |  Loans

The Federal Deposit Insurance Corp.’s latest quarterly banking industry report hints at where risks lie if additional pressures come to bear on financial services firms...

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FinCEN Says Banks Reported $688 Million in Mail Theft-Related Check Fraud
FinCEN Says Banks Reported $688 Million in Mail Theft-Related Check Fraud
September 09, 2024  |  Security & Fraud

Mail theft-related check fraud amounted to more than $688 million in a recent six-month period. So said the Financial Crimes Enforcement Network (FinCEN) in a...

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Priority CEO: New Regulations Could Be ‘Overwhelming’ For FinTechs
Priority CEO: New Regulations Could Be ‘Overwhelming’ For FinTechs
September 09, 2024  |  Opinion

FinTechs that have invested in compliance, security and solid partnerships are well-positioned as regulation increases, Priority Technology Holdings CEO Thomas Priore writes in a new...

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J.P. Morgan Chase to Report TikTok ‘Glitch’ Fraud Participants to Law Enforcement
J.P. Morgan Chase to Report TikTok ‘Glitch’ Fraud Participants to Law Enforcement
September 06, 2024  |  Security & Fraud

J.P. Morgan Chase reportedly plans to share with police the information it has about people who took advantage of a so-called “glitch” that was promoted...

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UK Payments Industry Seeks Further Reduction of Fraud-Reimbursement Cap
UK Payments Industry Seeks Further Reduction of Fraud-Reimbursement Cap
September 06, 2024  |  Regulation

The payments industry in the United Kingdom is reportedly advocating for changes to fraud-reimbursement rules that are set to be enacted Oct. 7. Despite changes...

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Unlocking the 3 Biggest Benefits of Automating Accounts Payable
Unlocking the 3 Biggest Benefits of Automating Accounts Payable
September 05, 2024  |  Accounts Payable

There’s a time and a place for doing things by hand. But as the first quarter of the 21st century comes to a close, that...

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Visa’s New A2A Offering ‘Opens’ Choice and Security Via Direct Bank Transfers in the UK
Visa’s New A2A Offering ‘Opens’ Choice and Security Via Direct Bank Transfers in the UK
September 05, 2024  |  Payments Innovation

Direct debits have been popular through the decades — across a variety of use cases — especially when it comes to bill payments and subscriptions....

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Liability Remains Murky Despite Reduction in UK Push Payments Fraud Fine
Liability Remains Murky Despite Reduction in UK Push Payments Fraud Fine
September 04, 2024  |  Security & Fraud

It’s said in jurisprudence that hard cases make bad law. Bad laws have the unintended consequences of hurting society, encouraging bad behavior, or both. In...

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OCC’s Hsu: Agility and Teamwork Critical as Banks Confront New Risks
OCC’s Hsu: Agility and Teamwork Critical as Banks Confront New Risks
September 04, 2024  |  Security & Fraud

Banks are confronting new, digital risks, and guarding against them demands a more agile, teamwork-focused approach. Michael Hsu, acting Comptroller of the Currency, said in...

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