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Whose regulation is it anyway and why it is so important
Sometime it is difficult enough for the industry to keep up with new technology threats and opportunities domestically, let alone regionally or internationally. Given the frenetic pace with which new technology is hitting the market, it is understandable for industry professionals to focus on the technology and worry about how this will sit in the market [...]
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Global payment security standards updated
The PCI Security standards council (PCI SSC) has published an update to its global data security standard. Version 3.2 replaces version 3.1 to address growing threats to customer payment information. “We’ve seen an increase in attacks that circumvent a single point of failure, allowing criminals to access systems undetected and to compromise card data,” explained Troy [...]
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EBA response to Commission’s proposal on virtual currency and AML directive
In an Opinion issued yesterday, the EBA welcomed the Commission’s proposal to bring virtual currency exchange platforms and custodian wallet providers within the scope of the 4th Anti-Money Laundering Directive. The Authority also makes several recommendations aimed at supporting the consistent pan-EU implementation and supervision of the proposals that the Commission had published on 5 [...]
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3 in 10 consumers willing to use mobile wallets
Although mobile wallets are a relatively new form of payment, nearly 3 in 10 consumers (29%) expressed a willingness to adopt this emerging payments alternative in the next six months, according to recently released results from a consumer survey by Computer Services, Inc. Conducted by Harris Poll on behalf of CSI, a provider of financial [...]
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SIA acquires Unicredit’s emoney processing activities for Italy, Germany and Austria
Unicredit Business Integrated Solutions (UBIS) and SIA have signed an agreement for the sale to the latter – for the sum of €500 million – of the processing activities of around 13.5 million payment cards and the management of 206,000 POS terminals and 12,000 ATMs in Italy, Germany and Austria. UBIS also signed with SIA [...]
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