PYMNTS

DECEMBER 7, 2020

Here’s the latest news from the technology industry, which is coming under increasing scrutiny from governments around the world. UK Regulations to Create New Digital Markets Unit. antitrust regulators are creating a Digital Markets Unit that will be given the duty to enforce rules applicable to Big Tech firms.

Apple 143

Apple Regulation Taxes Marketing 143

PYMNTS

JANUARY 17, 2020

Historians and economists regularly look to tax policies to get a sense of what happened within a particular industry, society or country. No doubt the chronicles to come about the rise of the internet age and the spread of digital culture will include serious treatment of tax issues. Taxing Confusion. billion in 2022.”.

Taxes 132

Taxes Online Policies Philadelphia 132

PYMNTS

OCTOBER 5, 2020

Here’s the latest news from Google and the technology industry, which is coming under increasing scrutiny from regulatory watchdogs, trade organizations and politicians globally. Regulation. The banking industry, however, is against the idea. “We Data Activist: Big Tech Not Following Transatlantic Data Transfer Regulations.

Data 229

Data Google Compliance Apple 229

Abrigo

JUNE 27, 2023

Regulations such as Geographic Targeting Order updates help identify AML risks by requiring identification for certain real estate purchases. Financial criminals have used the industry to clean their illicit funds for years. Including rental and leasing licensees, as of 2021, the industry comprises approximately 16.7%

El Paso 195

El Paso Miami United States New York City 195

PYMNTS

AUGUST 24, 2020

Here’s the latest news from Facebook, Amazon and others, which are coming under increasing scrutiny from regulators, trade groups and politicians the world over. Regulations. Facebook Supports Data-Portability Law. Facebook has advocated for a law that would simplify the process of moving videos and pictures to a competing site.

social media 152

social media Data Apple Compliance 152

PYMNTS

APRIL 26, 2019

In the world of supply chain compliance, complex regulatory requirements like Know Your Customer (KYC) and anti-money laundering (AML) probably come to mind. There are also the challenges of supplier management, tax legislation, cross-border compliance, worker protection and more.

Compliance 147

Compliance Policies Guidelines Examples 147

PYMNTS

SEPTEMBER 12, 2019

Financial services providers that slack on regulatory compliance and fail to safeguard their operations against money laundering, terrorist financing and other criminal activities may face damaged reputations and significant fines. billion — 91 percent — of those penalties, while European regulators demanded $1.7 imposed a full $23.52

Fraud 189

Fraud Fintech Compliance Regulation 189

PYMNTS

OCTOBER 14, 2020

The head of the country’s only licensed and publicly traded cryptocurrency broker says tighter regulation and exponentially higher yields are causing corporate treasury and cash management accounts to seriously consider this alternative asset class. This in the wake of the OCC’s Sept. This in the wake of the OCC’s Sept. The Pandemic Pop.

cryptocurrency 323

cryptocurrency Regulation Trends Bitcoin 323

PYMNTS

JANUARY 7, 2020

In other crypto news , cryptocurrency tax automation software TaxBit has raised $5 million in funding. TaxBit was founded by software developers, tax attorneys and CPAs to automate and simplify tax compliance for crypto users. ” TaxBit will use the funding to speed up customer growth, and make its products better.

Bitcoin 132

Bitcoin blockchain Taxes Austin 132

PYMNTS

OCTOBER 3, 2019

Dama Financial, a financial services provider that collaborates with banks to provide services to the legal cannabis industry, is collaborating with Helix TCS on a B2B eCommerce platform for the marijuana sector. 2) that they will partner to create what they describe as the first digital wholesale marketplace for the cannabis industry.

Compliance 130

Compliance Industry California Taxes 130

PYMNTS

NOVEMBER 1, 2018

In the rare instance that a new market emerges, using the blueprints that other industries have created in supply chain management, logistics, procurement and other areas may seem like the easy path to take. The fact that marijuana remains illegal under federal law means industry players struggle to access banking services.

Taxes 122

Taxes California Regulation Innovation 122

PYMNTS

NOVEMBER 19, 2019

The compliance burden of a legal marijuana business having to manage regulations that vary by state, and between the state and federal level, has created a banking conundrum for a market forced to rely heavily on cash. But the compliance challenges associated with this market are not easily (or quickly) addressed. “You

Company 109

Company Compliance Payments Taxes 109

CFPB Monitor

AUGUST 4, 2016

The CFPB has issued its 2016 Plain Writing Act Compliance Report. In the new report, as in previous reports, the CFPB states that while the PWA does not apply to regulations, it generally provides summaries written in plain language at the beginning of proposed or final consumer protection regulations. ”

Compliance 60

Compliance Report Regulation Taxes 60

PYMNTS

OCTOBER 25, 2019

tax laws, and some businesses and public sector stakeholders are now pushing back. The case ushered in a wave of state- and municipality-issued economic nexus laws that tax remote sellers based on economic activity rather than physical presence. The 2018 South Dakota v. Wayfair ruling paved the way for broadened U.S.

Taxes 100

Taxes South Dakota Policies Compliance 100

PYMNTS

OCTOBER 17, 2018

DMG said it is in discussions with its partners — cannabis industry licensed producers, retailers, quality management service providers and government regulators — to design a compliant supply chain management solution to enhance transparency and traceability of the cannabis supply chain.

blockchain 156

blockchain Compliance Management Bitcoin 156

Abrigo

MARCH 4, 2020

With more and more states approving the sale of cannabis, either marijuana or hemp, the risks involved with banking this industry has remained at the forefront of compliance officers' minds. We have the resources and solutions to help you navigate through regulation and keep you compliant. GO FOR THAT FEE INCOME! learn more.

Resources 195

Resources Policies Regulation Taxes 195

PYMNTS

NOVEMBER 2, 2018

ADP is also introducing enhanced Compensation Benchmarking, a solution offered by ADP DataCloud that links accountants to data they can sort and analyze by industry, employee, location, job type, company revenue, pay type and more.

Taxes 156

Taxes Resources Compliance Data 156

PYMNTS

OCTOBER 8, 2019

Yet, the continued struggle for industry players to be adequately banked and have access to the right financial services impacts operations far beyond the POS, explained Dan Henry, chief executive officer of Dama Financial. Dama Financial recently announced an integration into Helix’s Amercanex platform to fill that gap.

Compliance 114

Compliance Guidelines Industry Taxes 114

PYMNTS

JUNE 15, 2018

In the Middle East , RAK Bank has said it will offer Sage accounting software to business banking customers, in an agreement that helps those firms manage value-added tax (VAT) compliance mandates. The software firm, Sage, has had five of its accounting offerings focused on VAT, accredited by the UAE Federal Tax Authority.

Fintech 115

Fintech Compliance Software Taxes 115

PYMNTS

SEPTEMBER 16, 2019

On the Continent — and Taxes in Sight. Google’s own regulatory and tax issues extend well beyond domestic markets. As has been reported, larger tech firms, with international presence, have been under examination for allegedly paying less tax than is owed in certain countries in which they do business. GDPR Compliance Lacking.

social media 122

social media Google Taxes Arkansas 122

Abrigo

SEPTEMBER 20, 2023

Join Abrigo for a webinar discussing risk assessments' role in compliance. Introduction The seriousness of 1st-party fraud In the financial services industry, fraud has stood as a grim monument to the enduring nature of financial deception. Regulators will be expecting this as they examine institutions for FinCEN priority preparedness.

Fraud 195

Fraud Trends Cards Software 195

PYMNTS

DECEMBER 28, 2018

It has been a busy year for the world of bank regulations, particularly Know Your Customer (KYC). Financial services regulations are notorious for their complexity and ever-changing demands for financial institutions and corporates, but another fuel for development in the KYC space was the FinTech community.

Compliance 186

Compliance Regulation blockchain Taxes 186

Abrigo

FEBRUARY 23, 2023

Funding Managing through many issues Executive leaders of small community financial institutions face complex issues, considering the economic environment and ongoing industry and regulatory changes. For smaller banks, longer-term industry consolidation trends and competition are also eroding deposit market share. The result?

Community Bank 195

Community Bank Kansas City Community Lending 195

PYMNTS

APRIL 3, 2020

Accounts payable (AP) automation technology presents an obvious benefit to companies of all sizes and industries to boost efficiency and strategize vendor payments. ” From Onboarding to Compliance.

Taxes 131

Taxes Compliance Payments Data 131

PYMNTS

MARCH 26, 2018

Complex tax law has been linked to the rise in eInvoicing in B2B commerce, according to Julie Park, managing director of VAT and customs duty at The VAT Consultancy. She pointed to Latin America , which enacted some of the world’s first eInvoicing mandates for the purposes of tax rule enforcement. billion every year.

Taxes 102

Taxes Fraud Compliance Regulation 102

PYMNTS

JANUARY 2, 2020

The finance ministry in India passed a new regulation saying that companies with sales of more than ?50 The new regulation went into effect on Jan. The fine for non-compliance is going to be ?5,000 1 , and penalties will start on Feb 1, to give businesses a chance to comply.

Cards 130

Cards blockchain Cyber Security Retail 130

PYMNTS

FEBRUARY 18, 2019

According to blockchain and cryptocurrency company BitRail , JPMorgan’s announcement was certainly a validating moment for the industry. Indeed, what will drive crypto adoption, Chell told PYMNTS, is in the technology’s ability to reduce payments friction, and integrate compliance and security.

cryptocurrency 175

cryptocurrency Payments blockchain Compliance 175

PYMNTS

OCTOBER 17, 2018

Legal use does not necessarily mean legitimate business, however, and this emerging and often-controversial industry may quickly encounter financial roadblocks, which credit unions (CUs) are uniquely suited to address. I think the credit union industry plays a very vital role in serving the underserved,” Sbrega said.

Colorado 126

Colorado Massachusetts US Industry 126

PYMNTS

JANUARY 22, 2018

There are two key focuses for mid-market expense management tools, he said: infrastructure and regulatory compliance. But for the middle market, it might not make economic sense to charge on a per-user or per-report basis, and it’s left a gap in availability of solutions for this industry. “We are more than welcoming them.”

Management 116

Management Compliance Taxes Marketing 116

PYMNTS

NOVEMBER 22, 2019

In today’s top payments news, ongoing security concerns have caused the Federal Reserve to take a closer look at the Big Tech firms that serve the banking industry. Ongoing security concerns have caused the Federal Reserve to take a further look at the large tech firms that serve the banking industry. And Former U.S. Wayfair case.

South Dakota 101

South Dakota Apple Taxes Cards 101

FICO

MARCH 31, 2016

During this period of Congressional gridlock, much of the activity in Washington DC impacting the financial services industry remains focused on the development and implementation of new regulations. Here’s a very brief overview of what we’ll cover: Stress testing is a key area of emphasis for regulators around the globe.

Compliance 40

Compliance DC Washington Regulation 40

PYMNTS

APRIL 19, 2019

Jones noted that this is part of a broader shift in accounting: While FinTech may be seen as a force that takes work away from accountants, the industry is beginning to see this as a way to free up valuable time for accountants to step up to the role of advisor. That’s particularly true when it comes to compliance and data security.

Innovation 154

Innovation Compliance Technology Resources 154

PYMNTS

JANUARY 8, 2020

Call it, perhaps, a New Year’s Resolution list — for regulators. 8), the Securities and Exchange Commission ’s (SEC’s) Office of Compliance and Examinations (OCIE) offered up a list of its priorities for the year that has just dawned. In documents released Tuesday (Jan.

blockchain 138

blockchain Phoenix Compliance cryptocurrency 138

PYMNTS

DECEMBER 27, 2016

Our overarching mission is to provide compliance services for small businesses, businesses that don’t have in-house attorneys or tech professionals, to provide the info that small businesses need to comply with employee management and tax reporting requirements,” said Susan Drenning, president of ComplyRight Inc.

Regulation 100

Regulation San Francisco Nebraska Trends 100

FICO

DECEMBER 15, 2016

When it comes to anti-money laundering (AML) and financial crime, the right strategy, people resources and technology can transform the compliance function into a competitive advantage. This year, as in 2015, I was intrigued to meet compliance professionals from around the globe, talking about the challenges in their markets.

Compliance 40

Compliance Report Meeting Groups 40

PYMNTS

NOVEMBER 20, 2020

Gulati discussed what this trend means for the way that multi-entity SMBs manage a range of financial workflows across borders, and how technology can ease the biggest friction pain points like foreign exchange volatility and domestic compliance. Cross-Border Headaches. It can be nightmarish.".

Compliance 154

Compliance Data Trends Payments 154

FICO

NOVEMBER 15, 2022

FICO is transitioning its Siron ® compliance business to IMTF, a Swiss global leader in regulatory technology, and a partner in the Siron business for more than 20 years. Siron’s anti-financial crime solutions provide organizations with analytics-driven applications for end-to-end financial crime compliance. FICO Admin. by TJ Horan.

South Carolina 52

South Carolina Compliance Analytics Software 52