Articles with tag: fine

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H&M fined EUR 35.2 mln fine over violating EU privacy rules

07 Oct 2020 | Digital Identity, Security & Online Fraud

Privacy regulators in Germany have posed to H&M a fine of EUR 35.2 million for violating EU privacy laws.

H&M, data privacy, law, GDPR, retail, fine, regulation, compliance

Global financial system again under scrutiny: FinCen leaks

29 Sep 2020 | Payments General

Reports on USD 2 trillion worth of suspicious transactions facilitated by major lenders and other financial institutions have been leaked.

FinCen leaks, money laundering, compliance, banks, fines, Deutsche Bank, JPMorgan, Standard Chartered, HSBC, Barclays, BNY Mellon, Societe Generale, SAR, KYC, account opening, CDD

Penalties for non-compliance with AML, KYC reached USD 5.6 bln, Fenergo reports

18 Aug 2020 | Digital Identity, Security & Online Fraud

Digital transformation, customer journey, and client lifecycle management (CLM) solutions provider Fenergo has released its mid-year findings on global financial institution fines.

AML, KYC, fines, financial institutions, Fenergo, regulations, compliance, bank accounts, money laundering

Infineon, Fingerprint Cards join forces to drive deployment of biometric cards

14 Aug 2020 | Cards

Infineon Technologies and Fingerprint Cards have joined forces to enable increased deployment of biometric cards.

Infineon Technologies, Fingerprint Cards, biometric cards, cards, biometrics, fingerprint sensor, contactless payments, contactless card, cardholder, PIN, credentials

Capital One to pay USD 80 mln fine over 2019 data breach

07 Aug 2020 | Digital Identity, Security & Online Fraud

Capital One Financial must pay an USD 80 million fine over issues related to a data breach in 2019 that exposed more than 106 million records of customers and credit card applicants.

Capital One Financial, data breach, fine, security, US, fraud prevention, OCC, banking, customer data

Billtrust, Finexio partner for faster digital payments amid pandemic

04 Aug 2020 | Payments General

US-based fintech Finexio has partnered with B2B payments solution provider Billtrust to provide faster digital payments to its suppliers.

Billtrust, Finexio, digital payments, pandemic, fintech, US, United States, B2B payments, Business Payments Network, BPN, partnership, covid19, accounts receivable, automated invoice reconciliation, virtual cards payments

Uzbekistan-based People's Bank, Finastra partner for risk management business

03 Aug 2020 | Digital Identity, Security & Online Fraud

UK-based fintech Finastra has partnered with Uzbekistan’s People’s Bank for deploying Fusion Risk, a technology feature used for automating risk management business.

Uzbekistan, People’s Bank, Finastra, risk management business, fintech, Fusion Risk, automation, FinExtra Group, Neoflex, single point of control, user experience, ALM, FTP, IFRS 9, Basel II, Basel III

Secure Technology Alliance reveals defense method against CNP fraud

09 Jul 2020 | Digital Identity, Security & Online Fraud

The Secure Technology Alliance has released a white paper, which shows that cards with dynamic security code features might prevent card-not-present (CNP) fraud.

Secure Technology Alliance, card-not-present, CNP, fraud, EMV, US, static card security codes, dynamic security codes, issuers, merchants, cardholders, online transactions, stolen card data, ABCorp, Ellipse, IDEMIA, Infineon Technologies, MULTOS International, Thales, Visa, Worldpay.

Simplex now supports Bitcoin SV across its global network

02 Jul 2020 | Cryptocurrencies

Simplex, a fiat infrastructure for digital currencies, has announced that it added support for Bitcoin SV (BSV). 

Simplex, Bitcoin SV, BSV, digital currencies, fiat infrastructure, digital assets, Visa, Mastercard, credit cards, debit cards, exchanges, wallets, gateways, BiKi, Bitfinex, Bithumb, Bitmart, BitMax, CoinEx, Cross exchange, DigiFinex, Huobi, KuCoin, MXC, OKEx, Poloni

RBI imposes penalty on several Indian banks, including Citibank

02 Jun 2020 | Digital Identity, Security & Online Fraud

The Reserve Bank has imposed a penalty on Citibank for non-compliance with various regulatory norms and directions of the central bank.

fines, bank, India, Reserve Bank, Citibank, credit, credit, bank account, non compliance

Bitfinex aims to recover USD 800 mln in user funds seized by authorities

04 May 2020 | Cryptocurrencies

Bitfinex crypto exchange has been trying to recover over USD 800 mln in user funds seized by legal authorities in different states after its payment processor’s bank accounts were frozen.

Bitfinex, Crypto Capital, Tether, cryptocurrency, money laundering, illegal activities, US, funds

finleap partners The Ego Company

23 Mar 2020 | Digital Identity, Security & Online Fraud

Fintech company finleap has announced an investment in digital ID company The Ego Company

fineleap, digital ID, The Ego Company, myEGO2Go, KYC, data

Apple fined USD 1.2 billion by French antitrust regulator

17 Mar 2020 | Ecommerce

France’s competition watchdog has fined iPhone maker Apple USD 1.23 billion, saying it was guilty of anti-competitive behaviour towards its distribution and retail network, according to Reuters.

Apple, retail, taxation, France, US, retailer, fine, ecommerce, commerce, retail stores

UK court orders Bitfinex to freeze USD 860,000 in Bitcoin

29 Jan 2020 | Cryptocurrencies

An UK-based court has ordered crypto exchange Bitfinex to freeze USD 860,000 in Bitcoins that were traced back to a ransomware payment.

Bitfinex, Bitcoin, ransomware, payments, cryptocurrency, digital assets, blockchain, analysis, KYC, fraud, fiat currency

Infineon reveals sensors for biometric authentication

22 Jan 2020 | Digital Identity, Security & Online Fraud

Infineon has developed 3D depth sensors for biometric facial authentication and photo capabilities on smart devices.

Infineon, 3D, sensors, biometrics, authentication, partnership, Idemia, PMD Technologies, payments, transactions, facial recognition

Fines for privacy breaches reach EUR 114 million in Europe

20 Jan 2020 | Digital Identity, Security & Online Fraud

European regulators have imposed EUR 114 million euros in fines for data breaches since tougher privacy rules came into force in mid-2018, with approaches varying widely from country to country.

GDPR, fines, data breaches, European regulators, fines, DLA Piper

Small deposits fee removed by Bitfinex, crypto becomes accessible to all

19 Dec 2019 | Cryptocurrencies

State-of-the-art digital asset trading platform Bitfinex has removed the small deposit fee for all users, Fintech Finance announced.

Bitfinex, cryptocurrency, fee, small deposits, digital assets, payments, withdrawals, spam attacks, wallets

INR 25 lakh penalty imposed by RBI on Andhra Bank for KYC, AML non-compliance

06 Dec 2019 | Digital Identity, Security & Online Fraud

The Reserve Bank has imposed a fine of INR 25 lakh on Andhra Bank for non-compliance with certain provisions of directions issued on KYC and AML.

RBI, fine, Andhra Bank, KYC, AML, India, penalty, bank, banking regulation, compliance, accounts

Creditsafe and Fineon Exchange team up for compliance and credit risk reporting

05 Dec 2019 | Payments General

Fineon Exchange (Fineon), an export finance marketplace, has teamed up with Creditsafe for enhanced due diligence reporting for export finance transactions.

credit risk reporting, compliance, CDD, partnership, insurers, Fineon Exchange, Fineon, marketplace, Creditsafe, finance

European price-comparison shopping services say Google still playing unfairly

29 Nov 2019 | Ecommerce

Idealo, Axel Springer’s price-comparison shopping service and 40 other European peers, have accused Google of tilting the playing field in its favour.

Idealo, Ceneo, Kelkoo, Foundem, Google, Heureka, EC, European Commission, fine, ecommerce, price comparison