Vweu The AI Arms Race Heats Up Ahead of Nvidia Earnings
The world of payments processing will be a very different place by the end of 2020 than it was at the beginning 鈥?one where securing transactions will take on a new priority for merchants and consumers alike.That push is coming from two sources 鈥?one foreseeable, one not so much. The unforeseeable push is coming from the COVID-19 pandemic. The foreseeable changes stem from the already delayed strong customer authentication SCA regulations that are due to go into effect in Europe by the end of the year. Under the new SCA rules, merchants will need to be able to securely authenticate every customer before authorizing eCommerce transactions.As Kount Executive Gary Sevounts聽noted in a recent conversation, this
stanley thermoskanne combination has left payments players worldwide trapped between two sources of pressure: Theyre responding to a global pandemic and the attendant increase in fraud, while at the same time preparing for a major regulatory change.Its in this context that聽Kount聽and Barclaycard are announcing a new partnership that will see聽Kounts fraud prevention tools embedded within the Barclays Transact suite of tools. Barclays Transact aims to help merchants make online transactions simpler, safer and compliant with the
stanley cup usa upcoming SCA regulations.The partnership, Sevounts said, grew o
stanley de ut of聽Kounts ongoing interest in building partnerships with payment service providers around the world. Firms like Braintree, Chase, Moneris and聽BlueSnap are already leveraging Kounts fraud prevention tools.Fo Yfaz Neobank Bunq Sets Course for US Banking License
It usually doesnt take much coaxing for the Consumer Financial Protection Bure
stanley us au CFPB to take up an issue. Except when it comes to virtual currencies 鈥?where theres been harm to consumers already in the face of bitcoin exchange fraud. Theyve been largely absent from the pertinent interagency working groups that are addressing issues related to virtual currencies, and now the
stanley cup GAO says that its time for them to step in and get involved.In a recent report, the GAO notes that various federal agencies already have begun to collaborate on virtual currency issues through informal discussions and interagency working groups primarily concerned with money laundering and other law enforcement matters. However, those groups have not focused on emerging consumer-protection issues, and the CFPB, which is responsible for providing consumers with information to make responsible decisions about financial transactions, generally has not participated in these groups.Subsequently, the interagency efforts related to virtual currencies may not be consistent with key practices that can benefit interagency collaboration, such as including all relevant participants to ensure they contribute to the outcomes of the effort. Moreover, with
stanley mug out the CFPBs input, future interagency efforts may not be in a position to address consumer risks associated with virtual currencies in the most timely and effective manner, the GAO said in its report Virtual Currencies: Emerging Regulatory, Law Enforcement, And Con
