PYMNTS

DECEMBER 27, 2018

However, an awful lot is in fact different at the dusk of 2018 than it was at the dawn. The year 2018 saw massive changes in where consumers shop, how they pay, and what goods and services they want in their carts. Yet, as 2018 was coming to a close, Facebook was hit with just a bit more bad news. The Facebook Follies.

Retail 123

Retail Online Cards United States 123

PYMNTS

JULY 21, 2020

Open banking is appealing to financial institutions (FIs) and regulators in many markets, even as the pandemic sweeps across the world. Regulators in other regions, including Latin America, are also shaping and announcing plans to enable open banking and better support digital financial systems.

Mobile 229

Mobile Report America Regulation 229

PYMNTS

JANUARY 22, 2021

In 2018, after years of conducting tests with high-altitude helium balloons, it was spun off to become its own subsidiary. The company worked alongside global aviation and communications regulators, devising ways “to safely fly a lighter-than-air vehicle for hundreds of days in the stratosphere to anywhere in the world,” Westgarth said.

New York 181

New York Regional Community Software 181

PYMNTS

SEPTEMBER 5, 2019

Colombian regulators have demanded that delivery app Rappi comply with electronic commerce laws, and has also launched an investigation into the app after receiving hundreds of customer complaints. Founded in 2015, Colombian startup Rappi employs bike-riding couriers to deliver everything from grocery orders to diapers all around the region.

Regulation 116

Regulation Regional America Operations 116

PYMNTS

MAY 1, 2020

Financial institutions (FIs) and regulators in Singapore, the E.U. Regulators may have shifted their focuses away from these initiatives and toward making sure their customers have the financial access they need to survive the pandemic, but the long-term goals of. and the U.S. Similar to the U.K. Similar to the U.K.

Innovation 245

Innovation Regulation Digital Banking Security 245

PYMNTS

FEBRUARY 14, 2019

The hearing itself was a small victory for proponents who wish to open up the banking system to legal pot operators. That’s because it marked the first hearing dedicated to a proposed bill in Congress that would offer financial institutions protections against federal regulators when dealing with legal cannabis operations.

Oregon 230

Oregon Colorado Operations Washington 230

Gonzobanker

FEBRUARY 7, 2018

Imagine one big party of more than 1,000 larger bank acquirers, smaller bank potential sellers, salivating investment bankers, and pen-in-hand attorneys full of big grins and big plans for 2018. While no one attending AOBA imagined a major rollback in legislation, the real benefit is expected to come from changes in style by the regulators.

Taxes 75

Taxes Video Analytics Arkansas 75

PYMNTS

JULY 9, 2019

India’s response to Libra follows the words of analysts with the Jefferies Financial Group who say that Libra’s going to need the sort of significant growth that only a region like India can provide. A top court in India signed off on the Reserve Bank’s 2018 crypto ban after operators on the country’s exchange protested.

cryptocurrency 137

cryptocurrency Bitcoin Regulation Regional 137

PYMNTS

FEBRUARY 24, 2020

Financial institutions (FIs) and merchants from other regions have been dipping their toes into the Chinese market, but open banking has compounded the difficulty involved in setting up operations. The country’s government and regulators are keeping pace with those in the European Union and the U.S.

Regulation 160

Regulation Policies Data Compliance 160

PYMNTS

MARCH 11, 2020

Regulators are passing stricter policies, as well as cracking down on anti-money laundering (AML), Know Your Customer (KYC) and sanctions noncompliance. Fines related to noncompliance increased 160 percent between September 2018 and December 2019, in fact. They also must keep their honest merchant customers protected from fraud.

Fraud 150

Fraud Payments Guidelines Regulation 150

PYMNTS

JANUARY 6, 2020

PSD2 connects the country to online banking platforms in other compliant regions, making it important for FIs across all markets to review how the legislation could change normal banking behaviors within Turkey. The country is one of the first outside of the EU to adopt PSD2 rather than creating an open banking regulation of its own.

Regulation 131

Regulation Industry Data Regional 131

PYMNTS

AUGUST 12, 2019

The issue is particularly spotlighted by the cannabis industry , where, as noted this past week in Bloomberg , legal sales of cannabis topped $10 billion in 2018, as estimated by the Marijuana Business Factbook. This, in turn, means that banks cannot offer services to businesses, as they would face prosecution from regulators.

Puerto Rico 128

Puerto Rico New Hampshire New York Regulation 128

PYMNTS

MAY 8, 2020

Supreme Court decision allowed sports betting in 2018 and inspired 2019 laws that govern the fledging industry in 10 states and set guidelines such as how online casinos can operate and how sports betting would be taxed. Credit and debit transfers have been especially popular in Europe for sending funds to winners, for example.

Online 176

Online Industry New Jersey Pennsylvania 176

PYMNTS

JANUARY 16, 2020

Companies must manage increased data processing and transaction volumes for their clients, and the stress pushes many to rely on multiple banks to keep operations running smoothly. million times in November 2018 alone — an increase from 13.9 Other regions, including the U.S., Open banking is alive and thriving in the U.K.,

Strategy 132

Strategy Data Operations Innovation 132

PYMNTS

MAY 30, 2018

Cash remains king in the region, with about two-thirds of consumers in Latin America preferring that payment method over credit, according to estimates. In a recent interview, published by Knowledge@Wharton , he said there are about 40 companies operating in the same rough spaces as PagSeguro with annual revenue of at least $250 million.

America 109

America Regional Mobile Pennsylvania 109

PYMNTS

APRIL 24, 2019

“The new policy is also consistent with comments the Bureau received in response to the Requests for Information it issued in 2018, seeking feedback about various aspects of its operations, including its use of CIDs in enforcement investigations.” In addition, Laura Fiene will serve as west regional director.

Policies 115

Policies Leadership Maine Regional 115

PYMNTS

FEBRUARY 18, 2019

As part of the EU’s Digital Single Market push , regulators and politicians that are part of that body have, in the words of the EU, “reached a political deal on the first-ever rules aimed at creating a fair, transparent and predictable business environment for businesses and traders when using online platforms.”. Marketplace Changes.

Regulation 146

Regulation Maine Operations Online 146

PYMNTS

MAY 23, 2018

A February 2018 study from the Federal Reserve Bank of Minneapolis found that 75 percent of American financial institutions incurred losses due to fraud last year. Governments and regulators around the world are also stepping into the fight against fraud. Notable Digital ID News. DPAs Prepare for Looming GDPR Deadline .

Trends 125

Trends Strategy Minneapolis Fraud 125

PYMNTS

FEBRUARY 13, 2019

The hearing itself was a small victory for proponents who wish to open up the banking system to legal pot operators. That’s because it marked the first hearing dedicated to a proposed bill in Congress that would offer financial institutions protections against federal regulators if dealing with legal cannabis operations.

Oregon 115

Oregon Colorado Operations Washington 115

PYMNTS

JULY 8, 2019

is perhaps the most vocal market in the late B2B payments world, with regulators working to address delayed invoice payments, while FinTechs and banks weigh in on the matter with their own efforts to tackle the issue. Others, however, argue that regulators should take the lead in alleviating the pain of late payments.

Payments 124

Payments Report Regulation Meeting 124

PYMNTS

FEBRUARY 21, 2018

A regional government in Russia is now working with state-backed VEB, reports in CoinDesk said this week, as authorities explore how to use blockchain “to improve the quality of management decisions.”. As regulators begin to consider blockchain regulations, many have signaled a desire not to hamper innovation while doing so.

blockchain 130

blockchain Los Angeles Regulation Oregon 130

PYMNTS

JANUARY 28, 2019

The report explores how companies in G20 nations are preparing for risks related to technological disruption, regulation and cybersecurity. Overall, organizations did not score well, according to Kevin Hewitt, FTI Consulting’s chairman of the EMEA region.

Management 145

Management Risk Management Survey Security 145

PYMNTS

AUGUST 6, 2018

As the title implies, while CEOs are feeling confident about the economy (CEOs surveyed in all regions revealed record-high levels of optimism for the year), only 45 percent said they are “very confident” about their own growth prospects. An additional 46 percent said they are “merely confident.”

Survey 100

Survey Strategy Industry Regional 100

PYMNTS

JUNE 27, 2019

Digital enterprises are going regional and instant payments are going national (and earlier than originally scheduled). Nubank’s $10B Regional Expansion . The BCB has officially unveiled details of its newly developed blockchain platform, Pier, designed to facilitate information exchange between financial regulators.

blockchain 147

blockchain Payments Regional America 147

PYMNTS

SEPTEMBER 11, 2019

One of the first neobanks in the region, Nubank , traces its genesis back to 2013, having raised hundreds of millions of dollars to expand across several financing rounds. Last week, money transfer company B2B Pay said it plans to become a regulated financial institution and is raising money to pursue licensure.

Digital Banking 160

Digital Banking Millennials Mobile Regulation 160

PYMNTS

FEBRUARY 14, 2018

The news comes as merchants in the region have begun allowing their customers to pay in bitcoin. In news from more traditional cryptocurrency exchanges, the founder of a top crypto exchange predicts that the entire market for digital coins will reach a value of $1 trillion in 2018, CNBC reported.

Bitcoin 100

Bitcoin Rhode Island cryptocurrency New Hampshire 100

PYMNTS

FEBRUARY 14, 2020

directive has its challenges in a world where, so far, there are no global or even regional standards as to what data can be collected to create, maintain or verify identities. Back in 2018, India’s Supreme Court voted to uphold the legality of the country’s Aadhaar program, saying the database does not violate the right to privacy.

How To 205

How To National Data Fraud 205

PYMNTS

JULY 21, 2017

Fraud varies country to country, region to region. As has been widely noted, the region has paved the way for the adoption of EMV, and its embrace by merchants in the EU, mandated though it has been, has steered hackers and criminals to online methods of siphoning funds from consumers and cheating companies.

Fraud 116

Fraud United States Regional Cards 116

PYMNTS

DECEMBER 8, 2016

company looking to do work abroad, it means you can’t ignore these various regulations, either. “If you want to roll out eInvoicing across your global enterprise, you need to be mindful of these different regulations in different parts of the globe that you need to be in compliance with,” he said. .

Compliance 100

Compliance Regulation Taxes Fraud 100

PYMNTS

JANUARY 30, 2018

But it’s a significant milestone nonetheless that federal regulators will be required to pay suppliers via eInvoice by the end of fiscal year (FY) 2018, meaning 19 million invoices government agencies pay every year will have to be electronic. Of all the regulatory changes occurring in the U.S.

US 106

US Minneapolis Regional America 106

PYMNTS

OCTOBER 21, 2019

Furthermore, according to the latest edition of PYMNTS’ PSD2 Tracker , only 40 percent of merchants operating in the European Union that are aware of SCA reported being ready by that date. Adobe used the regulation’s onset to ensure its payment integrations were SCA-compliant through 3D Secure 2.0, 14, 2019 deadline.

Strategy 100

Strategy Compliance Fraud Payments 100

PYMNTS

OCTOBER 22, 2018

And New England isn’t the only place enjoying the autumn chill as it sets in — although we are perhaps enjoying it more colorfully with the region’s famed foliage. As of September 2018, losses from gift-card fraud have hit $53 million. We continue to work closely with the regulator towards this.”. Some major U.S.

Data 134

Data Fraud Cards Regulation 134

PYMNTS

OCTOBER 26, 2017

The forecast for 2018 is for continued high single-digit growth in 2018. Total operating revenue rose 14 percent to $4.86 He told analysts on the call that his first year in the role was marked by the ability of Visa to execute its operating plan “guided by our strategic pillars.”. and CEMEA regions.

Payments 123

Payments Marketing Cards Regional 123

PYMNTS

OCTOBER 5, 2017

Even if a competitor is operating in the same space, their strengths and weaknesses will be different. That’s why Hyperwallet created the 2018 Marketplace Expansion Index : to help companies compare international markets side-by-side and make an informed decision about where they should expand for their best chance at success.

Examples 108

Examples Marketing Regulation Company 108

Abrigo

DECEMBER 19, 2019

Due to new and emerging technologies, changing regulations, and ever-evolving customer expectations, banks and credit unions across the country are taking an assortment of different strategies to achieve their growth goals in 2020. In 2018, the number of banks declined by almost a third to 4,708 institutions.

Lending 195

Lending Fraud Community FDIC 195

PYMNTS

JULY 2, 2020

A February 2019 FT report from the publication said the firm’s operations across Asia became the subject of scrutiny after a top law firm in the region reportedly uncovered evidence of “book-padding” and “round tripping.” In response to 2019 claims, Wirecard hired auditing giant KPMG to clear its name.

Fraud 152

Fraud Report Company Regional 152

CB Insights

MARCH 8, 2018

Banks in Fintech: what’s ahead in 2018. The UK, in particular, has seen the most challenger bank activity compared to other regions, as a result of progressive regulations enacted to promote competition and break up the banking monopoly. How challenger banks leveraged regulation. What we’re watching in 2018.

Retail 78

Retail Digital Banking Fintech Regulation 78