PYMNTS

JANUARY 15, 2021

To get a bit more granular, in an interpretive letter , the OCC said that regulated financial institutions (FIs) can participate in independent node verification networks (INVN for short – namely, a blockchain network). But those same payments mechanisms must be in compliance with various regulatory and legal frameworks.

Regulation 253

Regulation US Payments Compliance 253

PYMNTS

MARCH 18, 2019

It’s been a whirlwind few weeks — OK, make that months — for big tech firms as regulators look ever more closely at business tactics. She made the comments at a panel discussion with Recode at a tech industry event. Businesses that are built and invested in and become successful because of their innovation.”. On Taxation.

Regulation 159

Regulation social media Google Taxes 159

Payments Source

NOVEMBER 20, 2017

Beyond overall tax cuts, there's also potential benefits for investors in fintech and payments innovation, writes Rick Lazio, former Republican Representative from New York and current senior vice president at alliantgroup.

Taxes 71

Taxes New York Industry Payments 71

PYMNTS

NOVEMBER 1, 2018

FinTech innovation is often a layered process, taking existing infrastructures and processes, and developing new tools to improve upon them. These markets have similar challenges to the legal marijuana sector: products that are regulated, expire and have unique needs in terms of compliance and shipping.

Taxes 122

Taxes California Regulation Innovation 122

PYMNTS

MARCH 17, 2020

The DEO “seeks concepts and an operator to program the space to boost innovation and entrepreneurship, demonstrate creative placemaking and feature the Made in Fairfax Network. The law opens up much more territory to these operations, which had only been permitted in areas zoned for industry. and San Francisco. Starting Jan.

Retail 135

Retail Arlington San Francisco Milwaukee 135

Independent Banker

MARCH 31, 2022

Here stood a group of experienced and passionate community bankers who have dedicated themselves to advocating for the industry they care so deeply about. The key is to demonstrate how additional regulatory burdens on the community banking industry will negatively affect the customers and communities we serve.

Community Bank 239

Community Bank Community Industry Texas 239

PYMNTS

APRIL 19, 2019

Jones noted that this is part of a broader shift in accounting: While FinTech may be seen as a force that takes work away from accountants, the industry is beginning to see this as a way to free up valuable time for accountants to step up to the role of advisor. ”

Innovation 154

Innovation Compliance Technology Resources 154

PYMNTS

SEPTEMBER 6, 2019

Why Invisible Will Make 2020’s Payments Innovation Roar. Two hundred and seventy-four years later, those words are the perfect framework for understanding what will define the next decade of innovation in payments and any ecosystem that touches it. Regulators Taking Close Look At Payroll-Advance Apps. Trackers and Reports.

Innovation 116

Innovation Payments Apple United States 116

PYMNTS

NOVEMBER 29, 2017

The cannabis industry brought in a little over $6 billion in revenue in 2016 — a figure that some estimate will grow to as much $50 billion by the year 2026. The problem crops up with the “legal-ish” description of the weed industry. Where we come at it from, is there are not a whole lot of solutions available to the cannabis industry.

blockchain 102

blockchain Industry District of Columbia Florida 102

PYMNTS

JANUARY 27, 2020

The change may have been telegraphed more than a year ago in October 2018, when Mick Mulvaney, who had been serving as acting director of the agency, said that the CFPB was working on a new regulation to define those practices, as reported in The Wall Street Journal. Digital Taxes, Abroad.

New York 179

New York Taxes California Conference 179

PYMNTS

SEPTEMBER 16, 2020

PSD2 and open banking regulations were forged to accelerate competition in the financial services arena, and this week, a look at the latest initiatives reveals the opportunity for new market entrants to rival incumbents in the small business banking arena. Banking and accounting for U.K. Faster Payments and BACS schemes.

Taxes 141

Taxes Fintech Payments Security 141

PYMNTS

JANUARY 4, 2019

A New York State politician announced the creation of what he called the nation’s first cryptocurrency task force, to “study how to properly regulate, define and use” the currency, according to a Facebook post and reports.

cryptocurrency 163

cryptocurrency New York New York City Study 163

PYMNTS

JANUARY 11, 2021

For its part, Paxos describes itself as a regulated financial institution that builds infrastructure to enable movement between physical and digital assets. However, when it comes to actually clearing and settling those supersonic trades, that part of the financial industry has barely improved at all. Hamstringing American Innovation.

blockchain 193

blockchain Bitcoin Regulation System 193

PYMNTS

SEPTEMBER 17, 2019

And an increased number of banks are swapping their own regulators for Office of the Comptroller of the Currency (OCC) oversight. Square Launches SMB Tax ID Tool. Its purpose is to simplify the challenging EIN acquisition process to create a separate tax infrastructure for the business.

Payments 100

Payments Taxes Regulation Tools 100

PYMNTS

OCTOBER 7, 2019

The bill promises to open up cashless payments for the growing retail cannabis industry. Even if the SAFE Banking Act does become law, that won’t spell the end of payment challenges for the legal cannabis industry. After all, those states with legalized marijuana want to collect the tax revenues from cannabis sales.

Payments 213

Payments Ohio Cards Industry 213

PYMNTS

JANUARY 24, 2020

Government disbursements can range from child support payments and annual tax returns to pension and retirement fund payouts. Payment Challenges Stall Government Innovations . State and local government disbursements are no exception to these expectations, since many consider them to be crucial parts of their incomes.

Payments 130

Payments US Fraud Innovation 130

PYMNTS

FEBRUARY 25, 2020

Business-facing FinTechs have trailed behind innovation-targeting consumers – so looking back a decade ago, at the mere early rumbles of an eventual FinTech boom, it’s perhaps unsurprising that B2B FinTech was hardly a blip on the radar.

Compliance 184

Compliance Taxes Fintech Resources 184

PYMNTS

MARCH 26, 2018

The rise of RegTech is not by chance: There is an undeniable link between regulatory changes and technological innovation, and that link has a profound impact on FinTech and the financial services market. Europe is an epicenter for both regulatory shifts and FinTech innovation. Tax fraud is a massive threat of corporates.

Taxes 102

Taxes Fraud Compliance Regulation 102

Bank Innovation

MAY 11, 2017

company owned servers and 3) regional jurisdictional data, payments and identity infrastructure is inevitable and the most effective way to manage those threats is by giving would-be-global European firms a competitive edge in the form of regulation. understand that 1) massive amounts of European capital flow to the U.S. It’s both.

Regulation 252

Regulation Regional Apple America 252

PYMNTS

SEPTEMBER 26, 2018

Representative Warren Davidson (R-Ohio) is hosting a “Legislating Certainty for Cryptocurrencies” roundtable, with financial firms, venture capitalists (VCs) and cryptocurrency companies all gathering to say their piece on the shaping of crypto regulation. ICO market.” ”

Management 164

Management cryptocurrency blockchain Regulation 164

PYMNTS

DECEMBER 12, 2018

Nowhere does that ring truer than in the nascent and growing legal cannabis industry, where billions of dollars flow the old-fashioned way — hand to hand, because of the clash between federal and state regulations over its legality. That is simply not true,” he told PYMNTS. without resorting to cash. The government benefits, too.

Company 170

Company Taxes Compliance Industry 170

FICO

MARCH 5, 2019

Australia's Banking Royal Commission delivered its final report at the start of February; the culmination of 14 months , 10,232 submissions and 7 rounds of public hearings into the banking, superannuation and financial services industry. Amongst the enquiry’s findings, some distinct themes have emerged for the banking industry.

Innovation 58

Innovation Lending Regulation Industry 58

PYMNTS

MARCH 5, 2019

The move comes after a pilot launched last year, involving several stakeholders in the industry, spanning Datacom , BNZ , Westpac and others. Steve Wiggins, chief executive of Payments NZ said, “These open payments-related standards will be used as an important building block for new innovation, which can benefit all Kiwis.”

blockchain 163

blockchain New York Fintech Regulation 163

Abrigo

OCTOBER 20, 2016

The wave of technological innovation that has swept the business world in the past several years has fundamentally altered how many industries do business. Perhaps no industry has been so disrupted by this wave of technological innovation as the banking industry. Manual data entry is, simply, a pain.

Software 150

Software Lending Community Bank Taxes 150

PYMNTS

JANUARY 12, 2017

“Countries are coming out with more stringent regulations around use of personal data and where it can be located and for what purposes,” explained Kira Rubiano, partner at global payroll service firm Celergo LLC, in an interview with Bloomberg BNA for the report. a new payroll tax, the Apprenticeship Levy, will come into effect in April.

Data 100

Data Taxes Compliance Regulation 100

PYMNTS

DECEMBER 28, 2018

It has been a busy year for the world of bank regulations, particularly Know Your Customer (KYC). Financial services regulations are notorious for their complexity and ever-changing demands for financial institutions and corporates, but another fuel for development in the KYC space was the FinTech community.

Compliance 186

Compliance Regulation blockchain Taxes 186

PYMNTS

MARCH 14, 2018

“The same innovations that power crypto-assets can also help us regulate them,” said Christine Lagarde in an IMF blog post Tuesday, according to CoinDesk reports. Blockchain, on the other hand, has a potential to facilitate data exchange between regulators and relevant parties to combat this threat. In the U.S.,

blockchain 129

blockchain cryptocurrency Regulation Taxes 129

PYMNTS

OCTOBER 17, 2018

DMG said it is in discussions with its partners — cannabis industry licensed producers, retailers, quality management service providers and government regulators — to design a compliant supply chain management solution to enhance transparency and traceability of the cannabis supply chain.

blockchain 156

blockchain Compliance Management Bitcoin 156

PYMNTS

JANUARY 22, 2018

But for the middle market, it might not make economic sense to charge on a per-user or per-report basis, and it’s left a gap in availability of solutions for this industry. ” Enhanced technology is far from the only factor innovators must keep in mind when targeting the middle market, however. .

Management 116

Management Compliance Taxes Marketing 116

Bank Innovation

MAY 9, 2017

Open finance is a story about innovation through interoperability and interoperability has become a major industrial force in modern economics. Due to complexity and regulation, it has taken finance a little longer than other industries to evolve into an interoperable and open industry model. Premium APIs.

Data 191

Data Trends Industry Examples 191

PYMNTS

JUNE 4, 2019

For Sam Vassa, chief executive officer of Canadian payroll and business payments company PaymentEvolution , the payroll industry itself must change its viewpoint, too. Of all of the back-office financial operations of a small business, payroll is one that is evolving perhaps the most dramatically, and quickly.

Payments 143

Payments Data Taxes Industry 143

PYMNTS

MAY 30, 2018

In emerging markets, said Cooke, consider the pace and level of innovation. In these markets, where creative solutions are sorely needed, developers are innovating first and asking questions later — which is the opposite of how developed nations approach innovation. Cooke compared it to paying for dinner at a restaurant.

Capital 109

Capital Innovation National Marketing 109

South State Correspondent

MAY 13, 2024

The major themes of fraud, artificial intelligence (AI), expansion of instant payments, open banking, and regulation were particularly relevant to your roles as executives, risk managers, compliance officers, and technology leaders. It is likely that regulators will soon ask banks to come up with a plan.

Conference 195

Conference Payments Fraud Data 195

PYMNTS

DECEMBER 20, 2017

Understanding how much you’re being paid, and how much goes to taxes, can be easily misunderstood. There are so many regulations to keep track of. Small business owners, on top of other responsibilities, have to quickly get acquire payroll to retain talent and remain tax compliant. You have to figure it out on the fly.

Payments 111

Payments Bitcoin Taxes Trends 111

Banking 2020

NOVEMBER 25, 2015

China has introduced new draft rules that are intended to tighten regulations governing online payments in the country. The impact of tougher regulations. “With these new rules, instead of lowering the barriers to innovation, they’ve raised them,” Chinese financial news commentator Yu Fenghui told the Journal.

Regulation 40

Regulation Online Marketing Payments 40

PYMNTS

NOVEMBER 22, 2019

In a feature story, PYMNTS spoke with Wahlburgers Senior Vice President of Marketing and Innovation Dan Wheeler about how the quick-service restaurant (QSR) works to meet the security challenges inherent in the mobile order-ahead space tapping into two-factor authentication and machine learning. In one salvo, U.S.

South Dakota 108

South Dakota Google Taxes Branding 108

Independent Banker

APRIL 30, 2018

ICBA’s incredible members, staff, state and regional partners, leadership bankers and, of course, the inimitable Cam Fine have given strength and momentum to our association and to the community banking industry more broadly. Through advocacy, education and innovation, we will fulfill our mission by helping you fulfill your mission.

Community Bank 70

Community Bank Community Leadership Industry 70