Legal & Regulation

AML
Worldpay On Staying One Step Ahead of eCommerce Fraud
January 24, 2020

The world of eCommerce fraud changes so unpredictably that merchants often struggle to defend against all possible lines of attack — rendering old-school tactics like rules engines ineffective. But artificial intelligence (AI)-based behavioral analytics can take over where legacy methods fall short. In this month’s...

Bank Regulation
Ex-Wells CEO Fined, Banned From Banking For Life
January 23, 2020

Former Wells Fargo CEO John Stumpf has been banned from ever working in the banking industry again by the U.S. government, according to a report by CNBC. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Legal & Regulation
EU Countries Gain Ability To Exclude ‘High-Risk’ 5G Suppliers
January 23, 2020

New guidelines from the European Union (EU) allow for countries to restrict or exclude “high-risk” 5G providers from important parts of their telecom networks, according to Reuters. The news means that Chinese 5G provider Huawei Technologies could be affected.  Get the Full Story Complete the...

AML
Worldpay On Modernizing Security Defenses To Foil eCommerce Fraud
January 23, 2020

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and...

Legal & Regulation
Supreme Court Won’t Review Facebook’s Privacy Violation Case
January 22, 2020

In a blow to Facebook, the Supreme Court won’t decide whether or not people can sue the social media giant for using facial recognition technology on their photos without consent, according to reports. Get the Full Story Complete the form to unlock this article and...

Legal & Regulation
SmileDirectClub Offers Refunds To Silence Customer Complaints
January 22, 2020

SmileDirectClub, which specializes in straightening peoples’ teeth, is gaining a reputation for squashing any kind of negative press, The New York Times (NYT) reported on Tuesday (Jan. 21). The report included stories of seven people who said SmileDirectClub’s products did not fix their teeth as...

Legal & Regulation
Data Sharing: The Magic Merchants Need To Smooth The SCA Speed Bumps
January 22, 2020

The rollout of PSD2’s Strong Customer Authentication (SCA) has been a bit bumpy, to say the least. A year ago (when the rollout was still officially on the calendar for September of 2019), merchants, acquirers and issuers all over the European Economic Area (EEA) were...

ANTITRUST
Lawmakers Get Earful About Big Tech Biz Practices From Smaller Tech Players
January 20, 2020

Too big, too dominant — and anticompetitive, to boot. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form,...

Legal & Regulation
Biden Wants To Abolish Law That Gives Online Companies Content Liability Immunity
January 17, 2020

Joe Biden, a candidate for president, said he wants to repeal Section 230 of the Communications Decency Act, a law that gives internet companies immunity from harmful content posted by their users, according to a report by Bloomberg. Get the Full Story Complete the form...