PYMNTS

AUGUST 3, 2018

For much of the world, electronic invoicing is taking off — not only for the benefits it offers, like enhanced cash flow visibility, but largely because jurisdictions are implementing eInvoicing regulatory requirements to crack down on tax evasion. Take credit cards, for instance. While the U.S.

Regulation 101

Regulation Data America Payments 101

PYMNTS

NOVEMBER 1, 2018

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. billion valuation by the end of the year, accepting cash at the point-of-sale (POS) and using cash to pay vendors, business partners and taxes remain commonplace.

Taxes 122

Taxes California Regulation Innovation 122

PYMNTS

NOVEMBER 2, 2018

That deal sees employees able to access their wages more quickly, with Ingo providing push payment technology for workers to use their mobile phones to cash checks or load funds to ADP payroll cards. More recently, QuickBooks announced another integration , too.

Taxes 156

Taxes Resources Compliance Data 156

PYMNTS

SEPTEMBER 20, 2017

Regulators, especially at the state level, are forcing companies to change their payroll software and strategies. Research from The Workforce Institute at Kronos released last month found that companies spend as much as $100,000 every time payroll and labor regulation changes across federal, state and local level authorities.

Taxes 100

Taxes Survey Compliance Regulation 100

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

Payments Source

JULY 9, 2019

card brands are already pushing Indian regulators to relax their data storage rules, and a new quirk in the country’s tax code creates a battle on an entirely different front.

Taxes 71

Taxes Regulation Branding Cards 71

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 153

Payments Compliance Technology Taxes 153

PYMNTS

OCTOBER 8, 2019

In a recent interview with PYMNTS, Henry explored the FinServ compliance conundrum for the cannabis industry, noting that the struggle to get banked has ramifications that spread from the POS up the supply chain — impacting dispensaries, manufacturers, logistics providers, subcontractors, growers and beyond. A Shifting Regulatory Landscape.

Compliance 114

Compliance Guidelines Industry Taxes 114

Abrigo

AUGUST 19, 2020

Imposter scams, money mule schemes, tax fraud, charity solicitations, and cybercrime exploitation methods have all found solid ground to twist a known fraud typology in something that looks legitimate during the fears of the pandemic. BSA Rules and Regulation. Card Fraud. BSA Rules and Regulation. Card Fraud.

Fraud 195

Fraud System Trends Software 195

Abrigo

AUGUST 19, 2020

Imposter scams, money mule schemes, tax fraud, charity solicitations, and cybercrime exploitation methods have all found solid ground to twist a known fraud typology in something that looks legitimate during the fears of the pandemic. BSA Rules and Regulation. Top 5 Regulator Hot Topics During COVID-19 and Beyond. Card Fraud.

Fraud 195

Fraud System Trends Software 195

FICO

DECEMBER 21, 2016

That means 2017 should be a risky year from a compliance standpoint. To help in those efforts, regulators are requiring firms to improve their KYC programs with more detailed data and advanced analytics. Today, it’s really only Tier 1 banks that use analytics in AML, KYC and tax compliance areas.

Compliance 40

Compliance Analytics Taxes Groups 40

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

American Banker

JUNE 11, 2024

Illinois' recent move to prohibit the inclusion of taxes and tips in credit card interchange fees suggests that electronic transactions are too expensive and also that there are too many entities working unilaterally to reduce those costs.

Illinois 36

Illinois Taxes Cards Policies 36

PYMNTS

MAY 14, 2018

In many ways, eCommerce has dissolved borders, creating new expectations for business to be conducted between countries with different currencies, languages and regulations. There will also be tax liability and compliance challenges around the base currency where funds are being held. Risk and Compliance.

ATM 101

ATM Compliance Regulation Cards 101

PYMNTS

OCTOBER 17, 2018

GFA, however, will offer basic financial tools to these businesses, including access to online banking, checking accounts, debit cards, cash management and payroll services. GFA will also follow compliance guidelines and take steps to ensure it only engages with legitimate retailers. “We

Colorado 126

Colorado Massachusetts US Industry 126

PYMNTS

MARCH 27, 2020

Under PSD2 regulations, Payment Initiation processes enable an end-user to initiate payment to a seller directly from their bank account rather than relying on a third-party payment provider to facilitate the payment.

Payments 151

Payments Innovation Security Guidelines 151

PYMNTS

AUGUST 3, 2016

The business of cross-border domain name trading can be beset with compliance issues and confusing billing systems. Another priority was compliance, as the company had to be sure that it was trading appropriately. Compliance. company, it faced new compliance regulations, specifically OPEC sanctions.

Compliance 100

Compliance System Online Regulation 100

PYMNTS

JULY 13, 2018

The current quarter included a 10-cent per share income tax expense. . Wayfair, which impacted how states may collect taxes on sales made by out-of-state sellers. . The bank has been in recovery mode in recent months, as federal regulators launched a series of investigations into consumer and commercial practices at the lender. .

South Dakota 101

South Dakota San Francisco Indiana Wisconsin 101

CFPB Monitor

NOVEMBER 17, 2014

The CFPB did not look at agreements for gift cards and other prepaid programs that would not be covered by its proposal. The CFPB also found that 77.85% of the agreements it reviewed contained error resolution provisions (including provisional credit) that substantially tracked Regulation E requirements. Regulation E provisions.”

Study 74

Study Cards Regulation Taxes 74

PYMNTS

AUGUST 1, 2018

The largest credit card companies, while certainly not closing the door to enabling those payments — U.S. Beyond that, legal gambling culture in the United States, despite the Supreme Court ruling , remains a tangle of state laws and regulations. That could lead to additional taxes, possibly at or above 15 percent.”.

United States 101

United States Online New York Louisiana 101

Insights on Business

JULY 20, 2017

Regulations, such as Payment Services Directive (PSD2), are forcing banks to “open up”, enabling customers to easily share data with third parties. The emergence of financial technology (fintech) and the push of regulators for more competition are disaggregating and open this closed value chain. Examples of open banking in practice.

Fintech 181

Fintech Mobile Examples Data 181

Independent Banker

DECEMBER 31, 2021

Regulators haven’t yet broached the subject with them. For example, we don’t do mortgage lending right now, because we don’t have the compliance expertise and staff knowledge,” Silveria says. Planning for increased compliance costs. Addressing ESG is one thing,” she says. Badger Bank in Fort Atkinson, Wis., Click to enlarge.

Community Bank 144

Community Bank Community Lending Louisiana 144

ZootBlog

JUNE 8, 2016

In July 2015, the Department of Defense (DoD) passed major changes to the Military Lending Act (MLA) with target compliance dates of October 3, 2015 and October 3, 2017. The 2017 date applies only to credit cards. However, the original act only applied to payday loans, tax refund anticipation loans, and vehicle title loans.

Lending 60

Lending Regulation Taxes Security 60

PYMNTS

JANUARY 19, 2021

But reaching a broader range of consumers, accommodating their payment preferences, and satisfying regulatory and tax issues in unfamiliar territory introduces a host of new operational challenges for these companies. Retailers are entering new markets at a time when regulations are becoming more complex and costly, not less.

Branding 322

Branding Taxes Fraud Regulation 322

Gonzobanker

JUNE 18, 2019

Fiserv bought OBS for Cash Management and Architect for Consumer Online Banking and then merged with First Data for card services. It also inked a 10-year deal with PSCU for card services. If we are lucky, technology costs will move from a tax on the organization to more of an investment in competitiveness to take on the big boys.

System 85

System Strategy Technology Industry 85

CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. These APIs handle everything from acceptance and processing to settlement and reconciliation, while ensuring compliance and security. Virtual card issuance.

Online 98

Online Company Retail Payments 98

Gonzobanker

DECEMBER 17, 2021

Based on a clearly defined strategy, this team has established a dedicated fintech group that offers services ranging from BaaS to sponsoring card issuance and lending, to providing crypto services, to offering niche partnerships to the gaming industry. regulated financial institutions! GonzoBanker of the Year – Bank.

Fintech 133

Fintech Strategy Leadership Lending 133

PYMNTS

AUGUST 22, 2016

In his brand new book, “ The Curse of Cash ,” Rogoff also devotes a fair number of his pages to Central Banks’ inability to regulate monetary policy because, among other things, there’s too much cash being hoarded by people who are, by and large, engaging in bad behavior with it. In other words, not very much for useful stuff.

Payments 100

Payments Bitcoin Cards Industry 100

PYMNTS

AUGUST 7, 2017

Europe is one market catching up to the leaders, though, as regulators look to eInvoicing to combat fraud and promote tax compliance. The North American healthcare market deals with ACH a bit, credit card and p-card payments and checks.

Taxes 108

Taxes Regulation Compliance Marketing 108

PYMNTS

NOVEMBER 16, 2018

states (and the District of Columbia) where marijuana has been legalized for sale in some capacity, it has thrown off a fairly large chunk of tax revenue in the last year. billion in taxes from legal cannabis companies last year, an amount of money that is undoubtedly a sizzle for the federal coffers.

Taxes 177

Taxes Payments District of Columbia Alabama 177

CFPB Monitor

OCTOBER 30, 2014

The CFPB’s observations are based on targeted reviews it conducted for compliance with the new mortgage rules. The violations found by the CFPB include the following: Mortgage servicing. Debt collection. Electronic fund transfers.

Report 87

Report Policies Payments Regulation 87

PYMNTS

JANUARY 10, 2019

Platform operators and merchants must conduct due diligence related to everything from intellectual property and tariffs to tax laws and FX rates. There’s a relatively new wrinkle, too, as Europe has mandated new data privacy processes in the wake of the General Data Protection Regulation (GDPR). Working with Regulators.

Regulation 158

Regulation United States Compliance Strategy 158

PYMNTS

SEPTEMBER 13, 2017

. “Because of that complexity, taxes are more complex – it’s a snowball effect. The way taxes are done in the construction industry is different than in other industries.” ” Indeed, the construction industry has dizzying tax rules that don’t apply to other verticals. .”

Management 129

Management Taxes Industry Trends 129

PYMNTS

MAY 14, 2018

Financial institutions (FIs) that service the industry, she recently told PYMNTS, “don’t have the compliance people, processes or automated tools in place to meet the required guidelines — and are unknowingly putting their clients at risk.”. Traditional banks are not required to know that you are selling Hallmark cards to minors.

Compliance 130

Compliance Guidelines Industry Taxes 130

PYMNTS

NOVEMBER 21, 2016

Webster, describing the payments conundrum as the “nasty underbelly of making these payments to any worker in any environment,” suggested it could be summed up in a single word: regulation. Payment regulations, prepaid card regulations, controlled currencies,” Monty began.

Payments 100

Payments New York City Regulation Taxes 100

Gonzobanker

DECEMBER 19, 2017

Heavy-handed regulators. The Get Outta Dodge (and Focus) Award – Goes to Capital One for exiting a significant mortgage business to focus on cards and direct banking. The Credit Union Gutsy Vendor Award – Goes to PSCU for inking a deal with Jack Henry (JHA) to offer card processing services to community banks. Payments chaos.

Conference 85

Conference Industry Community Bank Community 85

PYMNTS

APRIL 25, 2016

And speaking of free, they surely have a great “free” thing going themselves — they get paid really good salaries and other perks that are – let’s sing this together now – “tax FREE!”. And, speaking of “free” the CFPB has the biggest “free” credit card in the whole wide world. Free – a good gig if you can get it. Interest free!

Regulation 100

Regulation Google Course Cards 100