Apple buys payments API developer, Marqeta raises $250M on $1.8B valuation, Putting a dent in $1.5T counterfeit goods fraud

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TODAY'S NEWS | OPINION | INDEXESTRACKERSPYMNTS LIVE

March 22, 2019

IoT Tracker™

The Move To Regulate IoT

A new bipartisan IoT Cybersecurity Improvement Act is seeking to regulate tens of billions of connected devices — given their potential to pose a serious cyber threat. In the latest IoT Tracker, PYMNTS catches up with former Department of Homeland Security (DHS) General Counsel Steve Bunnell to discuss how new regulations would put IoT security in the fast lane — and where it could fall short.

 

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Counterfeit Fraud

Putting A Dent In The $1.5 Trillion Counterfeit Goods Business

Online platforms have become a boon for peddling counterfeit goods, some of which can really harm consumers. John Verdeschi, SVP and group head of customer performance integrity at Mastercard Worldwide, takes Karen Webster inside the firm’s work with the International AntiCounterfeiting Coalition to stop millions of counterfeit items — including some dangerous ones — from being sold on the iOffer marketplace. Find out how.

 

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Government Disbursements

What’s In Your 'Citizen Wallet?'

The federal government loses billions each year when benefits payments are made in error or paid out to thieves, thanks to paper-based processes. Laura Grant — head of cloud compliance, strategy and innovation for the regulated industries at SAP — tells PYMNTS how the mobile Citizen Wallet could change that. Details here.

 

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PSD2 Tracker™

Why The Netherlands Waited A Year To Roll Out PSD2

The Netherlands rolled out PSD2 last month — a whole year late. So, why the delay? In the latest PSD2 Tracker, Petra Hielkema, division director for payments and market infrastructures at DNB, discusses the challenges associated with PSD2, and justifies the regulation’s postponement in a progressive, tech-enthused Dutch society, where data security is paramount.

 

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