PYMNTS

NOVEMBER 6, 2020

has sought a national bank charter from the Office of the Controller of the Currency (OCC), which will let it meet “promises of efficiency, affordability and financial inclusion,” according to a Friday (Nov. Financial services firm Figure Technologies, Inc. 6) announcement.

National 163

National blockchain Lending Regulation 163

PYMNTS

SEPTEMBER 13, 2019

To enable continued innovation and growth in the digital economy, the Business Roundtable is asking Congress to pass a comprehensive consumer data privacy law that establishes a national privacy framework and strengthens protections for consumers. fines) would be for non-compliance. companies. This would help the management of U.S.

National 129

National Compliance Data Regulation 129

PYMNTS

JANUARY 25, 2018

More than half of companies surveyed by SWIFT and Dow Jones Risk & Compliance last year said they plan to invest in RegTech in the coming years, and most agree that technology has enabled a greater ability to remain compliant with key regulations surrounding anti-money laundering , Know Your Customer and more. In the U.S.,

Compliance 148

Compliance Regulation Resources Survey 148

PYMNTS

JULY 24, 2020

The July Payments Powering the Platform Economy Report examines how international eCommerce platforms work to create transaction experiences that are compelling and secure for users in each market they serve. How Global Freelancing Marketplaces Can Maintai n Security And Regulatory Compliance. Around The eCommerce Payments W orld.

Compliance 152

Compliance Report Payments Security 152

PYMNTS

JULY 1, 2019

When it comes to the new and emerging legal cannabis industry – along with the closely related trade in CBD products – payments and compliance issues, as one can imagine, have tremendous importance, and companies are striving to get into the game via those angles. The market could reach $16 billion by the year 2025, per a Cowen & Co.

Compliance 167

Compliance Industry Payments Policies 167

PYMNTS

MARCH 3, 2020

The appointed organizer for the initiative, SFB Technologies, tapped the Algorand protocol because of its scalability, speed, security and its “ability to effectively implement required compliance controls and the transaction finality needed for a national currency.”

ATM 168

ATM Bitcoin National Miami 168

Bank Innovation

DECEMBER 26, 2017

The move is apparently driven by the desire to reduce black market activity, which makes up 22% of the country’s GDP, the report says. The Israeli government is creating its own “digital shekel,” according to multiple reports. Hand in hand with this is a move to reduce paper cash, a great deal of which is […].

cryptocurrency 257

cryptocurrency National Report Marketing 257

PYMNTS

JULY 2, 2019

Nick Parfitt, head of market planning at Acuris Risk Intelligence , pointed to the latest saga with Lloyds as an example of how FIs react to changing and intensifying AML requirements. ” Acuris Risk Intelligence positions itself as a service provider for FIs, allowing them to access the information they need to manage compliance.

Compliance 115

Compliance Regulation Data Analysis 115

PYMNTS

SEPTEMBER 28, 2020

Despite an order from the European Union ’s antitrust watchdog to curb its anticompetitive practices, Google continues to boost its market power, according to Reuters , which cited a study released Monday (Sept. It is because Google’s chosen compliance mechanism fails to comply with the remedy imposed.”. billion euros ($2.8

Google 192

Google Study Marketing Comparison 192

PYMNTS

DECEMBER 7, 2020

UK Regulations to Create New Digital Markets Unit. antitrust regulators are creating a Digital Markets Unit that will be given the duty to enforce rules applicable to Big Tech firms. That new division will fall under the country’s Competition and Markets Authority (CMA). Apple Faces $12M Fine Over iPhone Marketing.

Apple 143

Apple Regulation Taxes Marketing 143

PYMNTS

JULY 28, 2020

This month’s Deep Dive examines how eCommerce platforms can appeal to merchants worldwide by catering to sellers’ preferences and tailoring their compliance approaches to different locations. . dollars, but the practice can be inconvenient for sellers in many international markets. Domestic Seller Currencies.

Marketing 159

Marketing Regulation National Operations 159

PYMNTS

JULY 2, 2018

According to John Epperson, principal at Crowe LLP , that goes to show that the current approaches to regulatory and compliance technology ( RegTech ) aren’t working. There are thousands of providers in the market, Epperson said. There is a need for compliance activities that don’t burden the consumer, Epperson said.

Compliance 109

Compliance Regulation Meeting Strategy 109

PYMNTS

MARCH 8, 2018

and group compliance director, explained to PYMNTS how online tools can make remote identity verification even more robust than in-person processes — and also help kick cross-border payments into higher gear. Right now, 5 percent of the money transmission market is digital,” Nazzaro said. “[But] Digitizing Identity Verification.

Compliance 101

Compliance Regulation Online Payments 101

PYMNTS

MAY 20, 2019

Czech Prime Minister Andrej Babis has proposed a national development fund to help invest in social issues, digitization of the economy, education and transportation, according to a report by Reuters. million) to put into the fund.

National 108

National Capital Compliance Financial Technology 108

South State Correspondent

JANUARY 16, 2024

With the development of the term SOFR market, BSBY offers no perceived advantages over SOFR, Fed Funds, or Prime. BSBY was not well received by US regulators from its inception, but the market eventually embraced SOFR over BSBY. We believe that our program offers an advantage against the national banks. No ISDA documents.

Community Bank 195

Community Bank Community Compliance CA 195

CFPB Monitor

JULY 27, 2020

The OCC issued a letter last week stating that “a national bank [and a federal savings association] may provide. A national bank should consult with OCC supervisors as appropriate prior to engaging in cryptocurrency custody activities. The letter states that the OCC.

National 113

National cryptocurrency Risk Management Regulation 113

Perficient

NOVEMBER 11, 2020

Business Insider Intelligence / Research and Markets. TREND 8: Successfully making the transition to offering greater price transparency will not only put healthcare organizations in compliance, but help satisfy patient demand, increasing patient engagement and even point-of-service payments. Fierce Healthcare / Healthify.

Trends 618

Trends Strategy Digital Strategies Leadership 618

PYMNTS

FEBRUARY 8, 2018

banks before it can become interoperable with other nations’ schemes, according to Art Brieske, head of faster payments at JPMorgan Chase. Clients are able to make those payments within 15 seconds — or even less in some markets — as the services are delivered.”. It’s important in all markets to get to ubiquity and get reach,” he said.

National 109

National Payments System Marketing 109

Abrigo

JUNE 12, 2023

You might also like this webinar, " AML Compliance and Sanctions Requirements for Non-Bank Financial Institutions. Streamlined compliance : Compliance with varying state regulations significantly burdens money transmitters. Compliance and reporting : Mandate implementing robust AML and CTF programs by money transmitters.

Compliance 195

Compliance Fraud Regulation Guidelines 195

PYMNTS

NOVEMBER 9, 2020

The European Commission has rolled out high-profile probes into firms such as Google, Apple, Facebook and Amazon over worries that their market supremacy is negatively impacting competition. Australian Regulator Looks Into Merger Law Changes. California’s Proposition 24 Vote Could Bolster Digital Privacy Laws In Other States.

Regulation 211

Regulation social media Compliance California 211

PYMNTS

JANUARY 13, 2020

India’s payment system landscape has experienced notable developments recently: amplified technology usage, increased availability of payment products, more nonbank players entering the market, dis-intermediation, a dramatic swelling in turnover and more. “To Not all recent RBI moves have been punitive, however.

Compliance 130

Compliance System Security Payments 130

PYMNTS

JANUARY 11, 2021

The order goes on to state that Chinese citizens or companies must report any compliance with foreign government sanctions, and in some cases may be compensated if the cost of doing so is substantial. Failure to report compliance with foreign sanctions could lead to fines or other punishments. companies in China in a real bind.”.

US 184

US Compliance New York National 184

PYMNTS

NOVEMBER 23, 2020

The European Court of Auditors (ECA) found that the European Commission has not completely addressed the intricate novel enforcement challenges in digital markets, the boundaries of current enforcement mechanisms and the rising amount of data to be examined, according to a press release. Facebook Could Encounter Suit From FTC, States.

Apple 193

Apple Regulation social media Compliance 193

PYMNTS

JULY 5, 2018

payroll services market saw consolidation this week with Asure Software announcing Tuesday (July 3) that it acquired USA Payroll. The tool helps businesses mitigate payroll compliance risk. A press release said USA Payroll is a reseller of various payroll and human resources solutions, including Asure’s HRIS platform, Evolution.

Marketing 108

Marketing Software Taxes Resources 108

PYMNTS

MARCH 6, 2017

China’s Forex regulator wants the nation to open up its domestic market, reports said Friday (Mar. The article follows an announcement from the regulator last week that said it would enable foreign investors to enter its interbank bond market and trade FX derivatives, according to reports.

Marketing 100

Marketing Regulation Capital Compliance 100

PYMNTS

AUGUST 24, 2020

The services are not currently registered as distinct entities, although they are provided to users in the nation. German Gov’t Looks Into Amazon’s Use of Its Market Position Amid Pandemic. The German government is probing Amazon for purportedly taking advantage of its market position amid the pandemic, CNBC reported.

social media 152

social media Data Apple Compliance 152

American Banker

MARCH 15, 2024

The Consumer Financial Protection Bureau is preparing to pick winners and losers in the consumer lending market, stifling innovation and curtailing freedom of choice.

National 48

National Lending Innovation Marketing 48

PYMNTS

JANUARY 25, 2021

A representative for the eCommerce retailer told Reuters that the company calls for an international approach in lieu of taxes levied by different nations. The move comes because of a “neighboring right” for news that was made national law after a pan-EU copyright reform in 2019. 21, according to the report. .

Taxes 141

Taxes Google Compliance Apple 141

CFPB Monitor

JULY 29, 2022

and related entities (collectively, “Harris Jewelry”), a national jewelry retailer that markets and sells military-themed gifts, to resolve their lawsuit which alleged that Harris Jewelry had engaged in unlawful sales and credit practices targeting servicemembers. We expect the settlement to be approved by the court. .

National 78

National Retail Regulation New York 78

CFPB Monitor

JANUARY 30, 2020

The Student Borrower Protection Center has sent a letter to CFPB Director Kraninger urging her to designate the National Student Clearinghouse as a “consumer reporting agency,” supervise it as a “larger participant,” and add it to the CFPB’s public list of CRAs.

National 78

National Groups Report Compliance 78

PYMNTS

OCTOBER 5, 2020

By providing a national servicing platform, the charter would enable those kinds of companies to bypass the process by which they have to collect money transmitter licenses from states. Banks Oppose Idea Of Possible Big Tech Banking Charters. Last week, a U.S. The banking industry, however, is against the idea. “We

Data 229

Data Google Compliance Apple 229

PYMNTS

OCTOBER 19, 2020

Two government officials from European nations have advocated to have watchdogs engage in preventative measures against Big Tech to reduce their strength and handle on the market, according to reports. It is probable that size and market share will be determining factors in who lands on the “Big Tech hit list.”. Regulation.

Taxes 143

Taxes Compliance Regulation Google 143

PYMNTS

DECEMBER 8, 2020

The latest arena for money laundering is through cryptocurrency , a burgeoning market expected to be valued at $1.4 Some exchanges even deliberately avoid having KYC systems by obfuscating their country of origin to make it harder for regulators to impose national compliance guidelines. billion by 2024.

cryptocurrency 261

cryptocurrency Mobile Compliance Analysis 261

Abrigo

MAY 8, 2024

They can more easily consider how to harness genAI's power to enhance their operations, compliance, risk management, and member or customer experience. It’s showing up in music and entertainment , education , healthcare , and marketing. That compares to 39% of global or national banks with more than $10 billion in assets.

Examples 221

Examples Fraud Resources Risk Management 221

CFPB Monitor

OCTOBER 26, 2021

Attorneys’ Offices “as force multipliers to ensure that fair lending enforcement is informed by local expertise on housing markets and the credit needs of local communities of color.”. Trustmark National Bank Settlement. Trustmark is a national bank headquartered in Jackson, Mississippi with 196 branches in five southern states.

Mississippi 78

Mississippi Memphis National Tennessee 78

PYMNTS

DECEMBER 10, 2019

But when transactions occur across borders, new friction points emerge, particularly around the areas of interoperability, transparency and compliance. But, as Hakim noted, it’s only one piece of the puzzle to achieving speed, security, compliance and efficiency. Yet transparency and cost remain a major hurdle in that market.

Payments 131

Payments Compliance National Fintech 131

PYMNTS

OCTOBER 7, 2020

Some of the firm’s key functions benefiting agent organizations include seamless integration with agent websites, centralized student data, access to favorable exchange rates, higher visibility for agents, payers and education institutions, strong anti-fraud functions and complete compliance with new Brazilian General Data Protection laws.

Groups 200

Groups Study Fraud Leadership 200