PYMNTS

NOVEMBER 22, 2019

Goldman CEO Denies Claims Of Apple Card Credit Biases. Politicians, as well as privacy advocates, have asked regulators to block the deal. Isaacson has watched remote sales tax policies unfold since that time in a flurry of new laws that differ by state, and even municipality. What Wayfair’s Lawyer Says About The Wayfair v.

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South Dakota Apple Taxes Cards 101

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.

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PYMNTS

FEBRUARY 1, 2021

Another, continued tailwind should come from the fact that the maximum payment amounts, as allowed under the scheme, have been increased as of last year, and now stand at 100,000 euros, up from 15,000 euros previously, as banks fine-tuned their AML and anti-fraud systems. A Leapfrog To Instant – Or Room For Cards, Too? .

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PYMNTS

JUNE 14, 2018

. “Small business identity theft – stealing a business’ identity to commit fraud – is big business for identity thieves,” warned NCSS CEO Mary Ellen Seale in a statement. Business identities can be used to open card accounts, initiate wire transfers or commit tax fraud.

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PYMNTS

DECEMBER 12, 2017

Major retailers such as Target, Home Depot, Walmart and Lowe’s have been forced to introduce stricter return, store credit and gift card policies in response to a troubling trend. They say gift cards are the gift that always fits. Customers cannot use credits to buy gift cards and cannot redeem gift cards for more gift cards, either.

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PYMNTS

MAY 16, 2018

The rest, says Pappano, are going to be scrambling to catch up so they can start to enjoy the potential new tax revenues that legalized gambling can create. Tax revenue is a powerful motivator. Fraud Isn’t A Problem. There are also local differences in regulations that add even more complexity, he said.

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PYMNTS

JANUARY 24, 2019

A server running an Elasticsearch database contained sensitive data from as far back as 2008 that included loan and mortgage agreements, repayment schedules and other financial and tax documents. He added the company will notify all affected customers, as well as report the incident to state regulators. “On

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PYMNTS

MAY 8, 2018

The decision is intended to both prevent fraud and reduce errors, the retailer said. The news comes as major retailers like Target , Home Depot , Walmart and Lowe’s have been forced to introduce stricter return, store credit and gift card policies in response to a troubling trend.

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PYMNTS

NOVEMBER 7, 2019

More than 25 percent of Brazilians lack bank accounts, and only 20 percent carry credit cards that can be used for international purchases. Other consumers’ cards only transact in the domestic currency, requiring overseas businesses to find local partners to enable payment acceptance. Attracting Customers With Boleto Bancário.

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PYMNTS

APRIL 19, 2019

That’s because Strong Customer Authentication (SCA) is on the way in September, but as has been seen with other sweeping changes mandated by regulators and impacting the very way payments are made, lots of folks are not paying attention. The economy is growing, and tax refunds may have also helped boost spend. Retail Sales: Rally 1.6

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social media Online Regulation Taxes 125

Banking 2020

NOVEMBER 25, 2015

China has introduced new draft rules that are intended to tighten regulations governing online payments in the country. Until now, this sector has been subject to very little legislation, but there have been claims that this hands-off approach has helped facilitate problems such as fraud and money laundering.

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PYMNTS

SEPTEMBER 6, 2019

Visa: Chip Cards Reduce Counterfeit Fraud By 87 Pct. Chip cards are now accepted at more than 3.7 Regulators Taking Close Look At Payroll-Advance Apps. Report: The Risky Business Of Navigating Online Sales Tax For Merchants. million merchants, whereas in September of 2015 that number was only 392,000.

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PYMNTS

OCTOBER 7, 2020

Both of these schemes are difficult for card processors to detect because illicit transactions are mixed in with legitimate ones, and it is almost impossible to distinguish between the two. This means individual transactions are unlikely to pop up on regulators’ or tax officials’ radar, thus keeping the operations under wraps.

Payments 171

Payments Analytics Online Retail 171

PYMNTS

AUGUST 1, 2018

MGM officials will also reportedly help the league detect fraud and game-fixing. 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.

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PYMNTS

OCTOBER 10, 2017

“Although the rate of adoption is good, corporates are not leveraging all the benefits of the digital transformation to provide new propositions to their clients, to help them move away from checks and increase overall efficiency in reconciliation and fraud,” the report concluded. Similarly, Asia and Latin America are set to see a 13.2

Payments 124

Payments Regional America Trends 124

Abrigo

MARCH 3, 2021

While the typologies of EIP fraud are not new, FinCEN has provided examples of trending types of EIP-related criminal activities. . Takeaway 1 FinCEN has provided examples of the trending types of EIP fraud. . Takeaway 3 FinCEN has requested specific SAR filing instructions for EIP fraud. . Red flags for EIP fraud.

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PYMNTS

FEBRUARY 18, 2019

We had roughly 340 execs register to listen live to the two of us banter about the people, processes and tech necessary to do more than simply rebrand what’s typically described as the fraud and risk departments of digital platforms. Card Networks Want to Raise Their Prices. Amazon Takes Its Bite Out of the Big Apple.

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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.

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Branding Taxes Fraud Regulation 322

Celent Banking

JUNE 5, 2015

Another case arises when consumers have high interest rate credit card debt. Anchoring on credit card disclosures is very powerful. Initial experiences with the new credit card disclosures shows that borrowers are anchoring on the minimum payment figure, and on occasion paying less each month than they otherwise would.

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PYMNTS

MAY 9, 2016

The firm published its 2016 Small Business Fraud Report , emphasizing the risks that small businesses face in back-office fraud. billion in losses due to crimes like unauthorized payments, fraudulent wire transfers or misuse of company credit cards. The index recorded a 0.28 percent jump in January, steadily climbing ever since.

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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. Fraud prevention tools. Virtual card issuance. Business lending and corporate cards. Broadly enabling online commerce. rate per transaction.

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Online Company Retail Payments 98

PYMNTS

DECEMBER 14, 2017

The payment facilitator model eventually emerged from the traditional players (where card fees would be levied on different merchant accounts) and software providers who, said Cottrell, built out software that looked to provide a seamless experience by “getting their customers up and running quickly.”

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Software Payments Tools Course 110

Independent Banker

DECEMBER 31, 2021

Regulators haven’t yet broached the subject with them. Some of the lines that community banks plan to add include fraud and ID theft protection services, treasury management solutions, wealth management, property and casualty insurance, credit cards and specialized loan products. Addressing ESG is one thing,” she says.

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PYMNTS

JANUARY 31, 2020

For Chinese consumers, the partnership will allow any UnionPay consumer to link their card credentials to a PayPal wallet — and start transactions with PayPal’s 24 million merchants worldwide. That is a lot more than the card networks have right now.”. But in the long term, that isn’t going to disrupt the banks.

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PYMNTS

APRIL 30, 2018

In this world, the only things certain are death and taxes. Anyone in a regulated industry — and that’s just about all of them — are also plenty dubious about using cryptocurrencies as the processing rails for supporting those pilots and incorporating them into their longer-term plans should their pilots show promise. And to learn.

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CB Insights

OCTOBER 10, 2018

Startups targeting retail and commercial banking have been emerging globally, spurred by favorable tech regulations, an uptick in mobile adoption, and shifting customer demographics. The core product is a digital-first app that tracks spending from a linked card issued by either MasterCard or Visa. Millennials.

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Retail Cards Millennials Mobile 78

FICO

DECEMBER 21, 2016

To help in those efforts, regulators are requiring firms to improve their KYC programs with more detailed data and advanced analytics. Just as in adjacent spaces — fraud, cybersecurity — analytics help investigators pick the most suspicious activities based on study of a wide range of factors. We expect that to change.

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CB Insights

MAY 23, 2019

Below, we take a look at some of these frauds and the lessons they can teach entrepreneurs hoping to launch their own products, companies, and funds. Zenefits skirts compliance regulations. Mozido’s fintech fraud fiasco. Virgin Hyperloop One’s utopian vision derailed by fraud. And others disappear forever.

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Tomorrow's Transactions

DECEMBER 12, 2014

Based on the rate of cash-free transactions and the percent of the population that relies on a debit card, here is a look at the 10 countries leading the pack toward a nearly cashless economy. Make sure you have a credit or debit card on you; the city’s parking meters no longer accept cash or coins. United States.

Cards 66

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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! THE INDUSTRY TREND AWARDS.

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Fintech Strategy Leadership Lending 143

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. It’s hierarchical.

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Taxes Regulation Compliance Industry 108

PYMNTS

AUGUST 5, 2016

Visa also announced that it had extended the real-time, ubiquitous capability to other disbursement types as well including insurance claims, contractor payments, tax refunds and even merchant account real-time funds settlement. So, we all know this – chip cards were not going to fix the problem of fraud at the POS.

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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. Unfortunately, most banks don’t gather fraud data across payment channels or track “pre-crime events.”

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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.

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United States Regulation Compliance Strategy 158

PYMNTS

JANUARY 1, 2021

Many businesses are finding that newer digital payment tools, like virtual cards, offer key advantages to optimizing their B2B processes during the health crisis. “We The pandemic-induced challenges have also been taxing for community financial institutions (FIs) and credit unions (CUs), as many were not designed to operate remotely.

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PYMNTS

JUNE 9, 2017

There is a ton of regulation.”. The company deploys third-party processors to integrate virtual card, wire and EFT/ACH payments into a single platform. Interestingly, Dahl said, it’s difficult to assess the issue of invoice fraud, because many companies don’t release that information, or even track it. “I

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PYMNTS

JANUARY 27, 2017

In your wallet is a driver’s license and possibly a Social Security card. Maybe a credit card or two. Those tangible items can also be gateways to fraud. government and firms that are being regulated. Perhaps you keep a passport in a side pocket. And in the U.S.,

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blockchain Security Guidelines Fraud 100