PYMNTS

DECEMBER 28, 2020

But in doing so, it will now face more scrutiny from regulators, Bloomberg reported. Guy Hirsch , managing director for the U.S. at online trading platform eToro , said in the report there are "storm clouds" on the horizon for the form of currency. In January, by contrast, it sat at just $7,200.

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Regulation Report Bitcoin cryptocurrency 250

PYMNTS

JANUARY 22, 2021

And that opened up an entirely new playing field for online gaming establishments now free to operate in any state that would allow them. And I’d imagine the feeling among regulators has been that an organized money laundering effort could be policed because they [the casino] would actually see it happening. There have been advances.

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PYMNTS

JANUARY 25, 2021

Moreover, users can make and transmit invoices and get payments through the company, which updates NetSuite, Xero and QuickBooks Online without intervention, the release stated. The tie-up lets their common customer base receive and manage digital invoices in various formats across the world.

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PYMNTS

JANUARY 25, 2021

Last week marked the third anniversary of PSD2 , the regulation that launched open banking in the U.K. Building on top of the open banking infrastructure, PayDirect is a new payment method that enables companies to take online payments in a highly secure way, and also pay out to customers through the same rails. and Europe.

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PYMNTS

MAY 20, 2020

European Union (EU) regulators want feedback from users and digital service providers before they craft new rules that could manage giant tech firms Google, Facebook, Amazon and Uber, Reuters reported. Facebook Founder and CEO Mark Zuckerberg published “Charting the Way Forward: Online Content Regulation.”

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PYMNTS

JUNE 29, 2020

The rise of online and contactless transactions in the European Union, for example, has meant that many merchants are making the bulk of their sales away from brick-and-mortar stores. The health crisis has brought about changes to this rule, however, and these may have long-term implications for payment standards and regulations.

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PYMNTS

AUGUST 14, 2020

Amazon India has added an online pharmacy to its offerings in Bengaluru, one of the nation’s largest cities with a population of nearly 12 million. the state agency that manages liquor licenses, granted approval for Amazon to sell alcohol online. In June, PYMNTS reported India’s West Bengal State Beverages Corp.,

Online 194

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PYMNTS

APRIL 21, 2020

A partnership between The University of Oxford , Saïd Business School and Mastercard will launch an online education program to teach business leaders about the strengths and perils of the modern day internet. The class, he said, was a way of ensuring that this was done with a measure of public trust.

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PYMNTS

SEPTEMBER 28, 2020

Banks, businesses and consumers fundamentally altered how they interacted with each other in the early months of the COVID-19 pandemic — and regulators tasked with making sure their data and payments are kept safe took notice. Regulators in countries like Egypt have only recently rolled out their data protection rules.

Online 151

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PYMNTS

DECEMBER 2, 2019

These groups also face a common small- to medium-sized business (SMB) challenge — needing to track every transaction to prove fiscal responsibility to donors and regulators. according to the latest figures from the IRS, which monitors and regulates such organizations. There are approximately 1.56 trillion in revenues and $2.4

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Bank Innovation

APRIL 24, 2017

The rise of insurtech is running parallel to the rise of regtech, as financial firms and startups apply artificial intelligence, blockchain, and other technologies to the dizzying world of financial regulation.

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PYMNTS

JULY 2, 2020

The president of the Federal Financial Supervisory Authority (BaFin), Germany’s financial regulator, said the $2.1 His first public comments on a case that has captured the attention of Europe’s financial community came in an online panel discussion, the news service reported. billion went missing from two accounts in the Philippines.

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PYMNTS

JUNE 25, 2020

In today’s top news, Wirecard files for insolvency, and New York proposes easing regulations for cryptocurrency licenses. New York To Ease Cryptocurrency Regulations. Many consumers believe that buying things online is faster and more convenient, and they find it safer than going to a physical store and risking COVID-19 exposure.

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New York cryptocurrency Regulation Samsung 248

PYMNTS

DECEMBER 9, 2020

The pandemic has spurred consumers to go online for all manner of daily activities — and the fraudsters are following them. And new regulations are taking root or are on the horizon to help protect consumers, their data and how that data might be used. Looking At Trust . experience may be especially instructive for the U.S.,

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PYMNTS

DECEMBER 28, 2020

Large Chinese companies, including Alibaba and rivals Tencent , food delivery giant Meituan and retailer JD.com , have lost almost $200 billion in Hong Kong since regulators announced last week that they were investigating Alibaba's reported monopolistic practices, according to Bloomberg. Regulators on Sunday (Dec.

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PYMNTS

JANUARY 21, 2021

The need to streamline new product development is especially urgent as banks have had to pivot to online channels amid the pandemic. Banks must grapple with the ongoing challenges of day-to-day operations, technology — and especially regulations — amid any new effort.

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PYMNTS

AUGUST 20, 2018

Regulators didn’t destroy A&P in the end. After the Hartford brothers died, new management pivoted and decided to invest in bulking up its margins at the expense of being the low-cost player. If you don’t believe me, read almost any article now about how the online platforms need to be investigated, castigated, broken up, etc.

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PYMNTS

MAY 19, 2020

The mayor, who is also a table games manager at a local casino and hotel, said per the report that he has come across people traveling from states that are close by as well as those that have come from Florida, Texas, New Mexico and New York. million from online gaming since the summer of last year. million in March of last year.

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PYMNTS

FEBRUARY 17, 2020

increased regulation over content delivered online through platforms may be on the horizon. This past week, Britain’s federal government said its media regulator, known as Ofcom, would be given new oversight to monitor and regulate material posted on the web by companies such as Facebook, Google and Twitter. In the U.K.,

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PYMNTS

SEPTEMBER 4, 2019

Since 1992, when eCommerce was still in its infancy, online retailers have not had to collect sales tax. consumers are expected to be shopping online by 2021. Will this increasingly regulated online sales tax environment affect this growth? Online Sales Tax and Marketplaces. Online Sales Tax and SMBs.

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PYMNTS

OCTOBER 30, 2017

China is increasing regulations on websites that offer cash loans, amid growing concerns about lax regulation in the fast-growing market. The government official reportedly said the regulation has already seen some successes. China isn’t the only government to start regulating bitcoin.

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Online Bitcoin Regulation cryptocurrency 100

PYMNTS

MARCH 21, 2019

It might not have been inevitable, perhaps, but it was certainly expected: a regulatory backlash concerning the booming trade (both online and in brick-and-mortar stores) of eCigarettes , with their different flavors attractive to younger consumers — including underaged ones. While the FDA decision shows that the U.S., Authentication Process.

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Online Retail Regulation Trends 152

PYMNTS

JULY 12, 2018

New York’s Department of Financial Services is recommending that online lenders are subjected to the same scrutiny and regulations that traditional banks face. Cuomo on June 1, 2017, required DFS to study online lending in New York State and submit a report of its findings. A bill signed by Governor Andrew M.

Online 100

Online New York Lending Regulation 100

PYMNTS

JUNE 10, 2020

These reasons are driving a surge of interest in and use of remote online notarization (RON) services, according to James Schlimmer , managing partner of Naples, Florida-based notary firm Cottrell Title & Escrow. These services will require legal frameworks and regulations to support them, however.

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Online Florida Meeting Regulation 131

PYMNTS

FEBRUARY 4, 2020

Congress can regulate sports gambling directly, but if it elects not to do so, each state is free to act on its own.”. The decision opened the floodgates to legalized sports betting – both in-person and online – in the U.S. All in, counting online and in-person wagers, Super Bowl betting was worth roughly $6.8

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PYMNTS

JANUARY 29, 2019

For payments and commerce , there’s another uncertainty that hangs in the air: Will legal online sports betting keep going forward, despite a recent decision by the U.S. Those were the main topics in a new PYMNTS interview, featuring Karen Webster and Zac Cohen, general manager at Trulioo , a global identity verification service.

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PYMNTS

AUGUST 27, 2019

Under the guidelines, which cover exchanges, trading platforms and wallet providers, the regulators state businesses are not exempt from standards that tie in anti-money laundering (AML) rules, among other mandates. As reported, Sygnum seeks to provide traditional banking and wealth management services across DLT.

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blockchain Regulation Payments Bitcoin 145

CFPB Monitor

JUNE 15, 2022

The California Department of Financial Protection and Innovation (DFPI) has issued final regulations to implement SB 1235, the bill signed into law on September 30, 2018 that requires consumer-like disclosures to be made for certain commercial financing products, including small business loans and merchant cash advances. .

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PYMNTS

DECEMBER 13, 2018

As the corporate treasurer takes on a more strategic role in the enterprise, treasury and cash management technologies can often be stuck in the past, failing to keep up with financial execs’ needs. “That’s not necessarily in a bank’s DNA to build out product-orientated pieces of their online banking tools.”

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Management Data Security Fintech 156

Abrigo

APRIL 27, 2020

BSA program management is not a “one size fits all”. The online version of the Exam Manual is being updated as of this writing. The post Banking Regulators Release April 2020 BSA/AML Examination Manual Updates appeared first on Abrigo. Staying on top of alerts is more than a full-time job. learn how we can help. Learn More.

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PYMNTS

MARCH 19, 2019

March Madness has a new flavor this year: legal online betting. billion – on their favored teams via sportbooks, either in person or online, with other bookies or just with friends. billion – on their favored teams via sportbooks, either in person or online, with other bookies or just with friends. And about 4.1

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PYMNTS

DECEMBER 12, 2018

Right now, though, we are talking about fraud, and how criminals use online data sites to steal from consumers in search of romance or, at least, some temporary companionship. That’s the view from Reinhard Hochrieser, director of product management at Jumio. Online Dating Scope. The solution? Fake Accounts.

Online 159

Online Fraud System New York 159

PYMNTS

DECEMBER 13, 2018

CUs are also actively communicating with law enforcement agencies, keeping regulators informed about suspicious activity, while receiving tips on noticeable trends that these same agencies are eyeing. Many members first engage with their CU through its website or other online portal. Add it all up, and that can be a lot to handle.

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PYMNTS

APRIL 7, 2017

LendingClub’s former CEO, Renaud Laplanche, who stepped down in May, sending shockwaves throughout the online lending industry, is gearing up to launch a new lender online called Upgrade. Upgrade said in the report that other investors include CreditEase, the Chinese lender, and Noah Holdings, an investment management company.

Online 100

Online San Francisco Utah Lending 100

PYMNTS

AUGUST 23, 2018

Sure, the social media platform said it lost one million active users from Europe after the General Data Protection Regulation (GDPR) took effect on May 25, tightening privacy regulations and making it more difficult for online advertisers to target consumers. Don’t cry for Facebook. Too Much Uncertainty. Three major U.K.

Online 101

Online Mobile Google Regulation 101

Perficient

MARCH 3, 2023

Perhaps regulators will want/need access to satisfy their inquiries. The planning at the start of the journey before the build commences is why the most successful supply chain visibility journeys are staffed with certified product owners and project managers to ensure the entire team is working together in a coordinated fashion.

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blockchain Management Regulation Resources 275

PYMNTS

DECEMBER 9, 2019

Also, as big tech moves into the financial services industry, regulators call for more “vigilant monitoring” of its data use. Goldman Sachs is planning to launch digital wealth management services in 2020 for clients with “significantly lower” investment capital than traditional customers.

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