PYMNTS

JANUARY 2, 2020

The finance ministry in India passed a new regulation saying that companies with sales of more than ?50 50 crores (about $7 million) will have to offer customers electronic payment modes like debit cards, powered by RuPay, according to a report by LiveMint. . The new regulation went into effect on Jan.

Cards 130

Cards blockchain Cyber Security Retail 130

PYMNTS

JULY 1, 2020

Keeping up with customers’ shifting behaviors and preferences amid changing regulations is a familiar challenge for today’s small- to medium-sized businesses (SMBs), but the pandemic’s impact on the scale of digital payments has steepened the learning curve for these merchants. One study found that card-not-present (CNP) transactions rose 29.7

Regulation 160

Regulation Payments Study Online 160

PYMNTS

SEPTEMBER 16, 2019

Despite announcements last month that the deadline for Strong Customer Authentication (SCA) compliance will be extended , the original proposed deadline approaches next week. has not implemented regulations like GDPR or SCA, but there has been a groundswell of interest, at least from the private sector. Previous efforts for the U.S.

Compliance 130

Compliance Guidelines Regulation National 130

PYMNTS

JULY 12, 2019

Trends in legal cannabis retail are just now emerging, and fresh numbers from Colorado are providing insight into how the industry is evolving. Other figures also point to how much consumers are spending on legal retail pot. Legal retail cannabis may be spreading throughout the U.S., Companies also have made more than $6.5

Retail 154

Retail Colorado Regulation Compliance 154

Bank Innovation

JANUARY 31, 2020

This week, the Consumer Financial Protection Bureau filed suit against Citizens Bank, alleging violations of the Truth in Lending Act (TILA), including implementing Regulation Z and the Credit Card Accountability Responsibility and Disclosure Act.

Cards 259

Cards Lending Regulation Management 259

PYMNTS

JULY 17, 2019

While regulatory and governmental bodies are still debating PSD2’s full reach, the latest PSD2 Tracker looks at how retailers are approaching SCA as they face potential losses under the rule. Cas Paton, OnBuy founder and managing director, discussed the challenges of SCA compliance in an interview with PYMNTS. For example, U.K.-based

Retail 162

Retail User Experience Compliance Regulation 162

Bank Innovation

JANUARY 8, 2020

While chip cards are becoming a mainstay at brick-and-mortar retail checkouts, gas pump payment technology lags behind. gas station owners until October of this year to upgrade pumps to accept EMV chip cards, rejecting a deadline extension request from the Merchant Advisory Group. Visa and Mastercard have given U.S.

Cards 259

Cards Meeting Groups Retail 259

PYMNTS

FEBRUARY 10, 2020

In retailing it’s usually a good thing when you’re the first to do something. And except when you’re the first retailer to get rung up under the new California Consumer Privacy Act (CCPA). 15 that hackers stole customer names, credit card numbers and other personal information. Hackers aren’t making compliance any easier.

California 156

California Retail Compliance Data 156

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. Starting today, U.S. The Legal Situation. CBD Growth.

Compliance 167

Compliance Industry Payments Policies 167

PYMNTS

FEBRUARY 10, 2020

In retailing it’s usually a good thing when you’re the first to do something. And except when you’re the first retailer to get rung up under the new California Consumer Privacy Act (CCPA). 15 that hackers stole customer names, credit card numbers and other personal information. Hackers aren’t making compliance any easier.

California 130

California Retail Compliance Data 130

Bank Innovation

NOVEMBER 11, 2019

A Wall Street regulator is opening a probe into Goldman Sachs Group Inc.’s s credit card practices after a viral tweet from a tech entrepreneur alleged gender discrimination in the new Apple Card’s algorithms when determining credit limits.

Apple 186

Apple Cards Regulation Groups 186

PYMNTS

NOVEMBER 13, 2020

Managing inventory, B2B payments and a plethora of food and beverage vendors can be a headache for any kind of restaurant, bar or retailer. But in the alcohol beverage arena, unique regulations — many of which date back to the era of prohibition — have added an extra layer of complexity to the supply chain.

Industry 219

Industry Payments Retail Regulation 219

American Banker

OCTOBER 22, 2023

Retailers fed up with interchange are trying numerous strategies to offset these costs, including piloting Pay by Bank use cases and even, in some cases, refusing to accept cards altogether.

Cards 80

Cards Strategy Retail Compliance 80

PYMNTS

AUGUST 9, 2019

Yet this was compliance-ready, not operationally ready. Additionally, they see potentially 25 to 30 percent of transactions being declined in the short term unless a compliance timeline is agreed upon. . Retailers were excluded from PSD2 completely,” Robinson said. 14 deadline. What Are the Issues?

Compliance 152

Compliance Regulation User Experience Retail 152

Banking Exchange

AUGUST 25, 2020

The consumer regulator said the bank misled consumers over the terms of a debit card service – but TD disputes this Compliance Retail Banking Feature3 Feature Customers Cards.

Compliance 78

Compliance Regulation Cards Retail 78

PYMNTS

JANUARY 28, 2019

Will the ban on the credit card surcharge automatically lead to significantly higher prices when consumers opt for the plastic (via card or digital wallets) at the pump, at the counter … or pretty much anywhere? In New York this month, credit card surcharges got the okay. Maybe, maybe not. As Webster recounted Monday (Jan.

Cards 125

Cards New York Oklahoma Connecticut 125

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.

National 78

National Retail Regulation New York 78

PYMNTS

NOVEMBER 10, 2020

PAAY’s latest utility set “combines 3DS, hardware-based encryption, and vaultless tokenization to provide merchants a liability shift, strong customer authentication, data confidentiality, and compliance with the General Data Protection Regulation (GDPR) and the Payment Services Directive 2 (PSD2),” according to the statement.

Security 233

Security New York Atlanta Fraud 233

PYMNTS

AUGUST 9, 2019

Many European merchants are grappling with unanswered questions regarding PSD2 Strong Customer Authentication (SCA) compliance, even with the regulation’s implementation nearly a month away. The association includes retail members all across Europe, including Carrefour, Coop and Amazon. Their views weren’t taken into account.

Compliance 108

Compliance Retail Cards Online 108

PYMNTS

NOVEMBER 30, 2020

Plus, the United Kingdom government is making a new Digital Markets Unit to enforce regulations that apply to Big Tech. The government of the United Kingdom is creating a new Digital Markets Unit assigned to enforce regulations that apply to Big Tech firms. Most eWallets can only be funded with a debit card or credit card.

Payments 139

Payments Regulation Video Cards 139

PYMNTS

JUNE 18, 2020

The London-based trade group for Europe’s ePayments community is waiting for the European Banking Authority , the European Union (EU) banking regulator, to provide the 27-nation bloc with an update on Strong Customer Authentication (SCA). Credit cards typically contain a chip or require a PIN. banking and financial services sector.

Groups 131

Groups Regulation Fraud Security 131

PYMNTS

NOVEMBER 7, 2019

Earlier studies found a surprising lack of both consumer and merchant awareness about the European Union’s Strong Customer Authentication (SCA) and second Payment Services Directive ( PSD2 ) regulations. One-third (32 percent) have not taken action compared to 82 percent of retailers in France, Spain and the U.K.

Regulation 123

Regulation Survey California Retail 123

Payments Source

JUNE 2, 2016

The National Retail Federation wants the Federal Trade Commission to do more than merely check up on the companies that routinely assess merchants for compliance with the Payment Card Industry Data Security Standards (PCI DSS).

Retail 60

Retail Compliance National Security 60

PYMNTS

JANUARY 12, 2021

The advantages of outsourcing the back-end integrations and compliance issues tied to, say, international markets can accrue swiftly to corporates’ bottom lines, free up resources and streamline back-end processes.

Payments 260

Payments Compliance Technology Taxes 260

PYMNTS

NOVEMBER 7, 2019

SCA awareness is thankfully high among the payment service providers (PSPs) tasked with executing and communicating the mandates to businesses and consumers, and these PSPs are working with regulators and other trade groups to develop compliant solutions for retailers. Frictionless Transactions and the SCA Compliance Challenge .

Compliance 100

Compliance Regulation Payments Retail 100

Bank Innovation

MARCH 10, 2016

Is there a way to prevent regulators from derailing a bank’s fintech initiatives? Jill Castilla, president and CEO of Citizens Bank of Edmond, located in Edmond, Okla., says there is.

Regulation 150

Regulation Fintech Community Strategy 150

PYMNTS

NOVEMBER 11, 2019

The November AML/KYC Tracker® details the latest security regulation changes, as well as how companies are leveraging new technologies to remain compliant and strengthen their fraud protections. The pair are located in different regulatory jurisdictions and thus present different compliance needs. Around The AML/KYC World.

Video 161

Video Fraud Compliance Security 161

PYMNTS

APRIL 16, 2018

According to the publication, Flowhub will provide compliance, regulatory and reporting support for cannabis companies. Flowhub’s compliance software will be integrated into that system. Our retail solutions are widely available and used by all sorts of customers as they see fit to meet their business need.”.

Software 102

Software Marketing Washington Compliance 102

FICO

FEBRUARY 12, 2018

For all the talk in the UK about disruptors and fintechs and new entrants to the credit market, and about how banks and card issuers need to manage customers in arrears, there’s one group that seems strangely absent from this focus: retailers. It is estimated over £200 billion of UK household debt is in unsecured retail credit.

Retail 63

Retail Management Analytics Compliance 63

CFPB Monitor

FEBRUARY 5, 2019

Ballard Spahr attorneys will hold a webinar, “The Prepaid Rule Takes Effect: Considerations for Properly Implementing the CFPB’s Prepaid Accounts Rule” to discuss key compliance considerations ahead of the Prepaid Rule’s effective date. This compliance challenge will require deep familiarity with the existing Reg. to 1:00 p.m.

Compliance 60

Compliance Analysis Groups Resources 60

PYMNTS

JANUARY 13, 2021

While so-called surcharging has been around for nearly a decade, and credit card processing fees have more than doubled during that time, the current climate has seen a growing number of businesses deciding to pass along some of the costs. A Highly Personal Decision.

Cards 227

Cards Regulation Training System 227

PYMNTS

OCTOBER 22, 2018

Fraudsters have found a new favored method for the holidays, the Sears’ bankruptcy filing finally came in and the major card networks found themselves on the wrong side of India’s emerging data privacy efforts. Gift Cards’ New Unfavorable Fans. As of September 2018, losses from gift-card fraud have hit $53 million.

Data 134

Data Fraud Cards Regulation 134

American Banker

OCTOBER 20, 2023

An advocate for retail merchants takes issue with a BankThink article criticizing the Credit Card Competition Act.

Cards 36

Cards Marketing Retail Compliance 36

PYMNTS

JANUARY 30, 2020

This week’s roundup of the latest open banking initiatives finds new use-cases in business payments, procurement, corporate cards and more. Mastercard Taps FinTech for Biz Card Boost. Mastercard wants to expand Europe’s commercial card adoption, and is turning to a FinTech partner to help. Palette Reflects on Build-Versus-Buy.

Data 161

Data Fintech Cards Software 161

PYMNTS

SEPTEMBER 16, 2019

Possession can refer to the chip inside of a physical debit card, for example, while inherence refers to things that are even more personal — such as fingerprints. One of the challenges yet to be faced is that only 25 percent of online merchants are aware of SCA, making compliance tricky for the remaining 75 percent.

Technology 116

Technology Customer Experience Cards Regulation 116

PYMNTS

FEBRUARY 5, 2020

“What we are seeing is that they love to shop and they like buying new things, but they want to carefully plan out their spending,” Garg told PYMNTS in a recent conversation, adding that increasingly, younger consumers aren’t seeing credit cards as a good vehicle for accomplishing that. Fighting the Credit Card Fear .

Cards 143

Cards Millennials Regulation United States 143

PYMNTS

MARCH 27, 2019

What the regulator (or lawmaker, or court) giveth, the regulator (or lawmaker, or court) can taketh away. Regulations are another huge factor. . – the first March Madness since the U.S. Supreme Court decision that legalized sports betting – lawmakers in the U.K. are considering a crackdown on digital wagering. In the U.S.,

Online 115

Online Regulation Compliance Security 115