Data Encryption Standards (DES) keys are used to encrypt the sensitive data in electronic payment messages to and from ATMs, POS devices, and other financial end points. VISA announced implementation of PCI Security Council Requirement 18-3 which dictates that DES key cryptograms need conversion to key blocks in storage and for internal connections.

Older versions of Prime Compliance Suite – PCS™ Software are no longer supported by FIS.

The Fourth AML Directive aims to strengthen EU rules on anti-money laundering and terrorist financing taking into account the 2012 recommendations of the Financial Action Task Force (FATF). With this Guide we aim to review which are the most important elements of the Directive for real estate professionals.

The EU General Data Protection Regulation (GDPR) law in May 2018. The core principle of GDPR is that personal data belongs to the person, not the organization that creates, holds or processes it. This article summaries the impact of GDPR in Card Instant Issuance Procedures.

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The real estate industry is at the center of regulatory compliance.

Increasing AML regulations in the insurance industry require insurance companies to provide evidence of adequate, risk based AML/CTF, KYC/CIP and EDD, programs that are in place and running.

On July 23, 2014, the European Commission published the electronic identification and trust services (eIDAS) Regulation as Regulation 910/2014. On July 1, 2016, eIDAS took effect, replacing the existing EU directive on electronic signatures. Any EU member state law that was inconsistent with eIDAS was automatically repealed or replaced.

Implementation of Electronic Signature technology in Banks, Insurance companies and Financial Institutions increases customer service quality, increases process automation and decreases operating cost.

Money laundering in the insurance industry is on the rise while life insurers require to report all transactions suspected of being connected with money laundering or terrorist financing.

One of the new rules introduced by the PSD2 is mandatory transaction monitoring. As defined in the Regulatory Technical Standards (RTS) on Strong Customer Authentication (SCA) and Common and Secure Communication (CSC), transaction monitoring will become mandatory for all payment services providers.