Risk & Compliance RSS

I will admit that this article is not exactly about payments…however, the ramifications of the report will have significant baring on our industry if correct. One of the world’s most sophisticated hacking groups, linked to the Russian government, has been accused of hijacking vulnerable commercial satellite communications, using hidden receiving stations in Africa and the [...]

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According to a new report, businesses must prepare for a new generation of cyber crime, moving beyond the established threats of data breaches, privacy issues and reputational damage to operational damage, business interruption and even potentially catastrophic losses. “As recently as 15 years ago, cyber attacks were fairly rudimentary and typically the work of hacktivists, [...]

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Real-time cross-border payments might soon be a reality, thanks to the efforts of a new payments industry group. But is there a business case for adopting the ISO 20022 standard? With multiple countries implementing real-time payments initiatives around the globe, interoperability between systems is key. Therefore, the ISO Real Time Payments Group (RTPG), a collection [...]

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Payment innovation in the retail industry is rapidly changing, driven by consumer adoption of mobile smart devices.  Because of recent well-publicized data breaches and payment card fraud, retailers have turned their attention to the dual challenges of data security and fraud prevention, even as they try to keep up with the demands of digitally enabled consumers. [...]

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A global scheme aimed at establishing a set of harmonised standards for cross-border real-time payments has published a first draft of ISO 20022 messages for review. The ISO Real-Time Payments Group (RTPG), which published the draft, is comprised of over 50 global experts under the auspices of the Payments UK trade entity. The focus of [...]

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