PYMNTS

DECEMBER 22, 2016

are eyeing incoming regulations likely to impact their businesses, and small business payroll and HR firm Paychex has identified the legislation about which SMEs are most concerned. Tax reform takes the top spot of regulations SMEs are watching most closely, Paychex said in its release of the survey results Wednesday (Dec.

Regulation 100

Regulation Taxes Pennsylvania Compliance 100

PYMNTS

MARCH 21, 2018

Globalization, while supporting business growth, places new pressures and challenges on the payroll department — particularly when it comes to compliance and the need to manage regulations that continue to evolve both within and across borders. found most admit they have seen “questionable” practices related to compliance.

Compliance 109

Compliance Survey Resources Regulation 109

PYMNTS

SEPTEMBER 20, 2020

Breton’s remarks come amid public hearings on amendments to the EU’s 20-year-old Digital Services Act (DSA), a measure crafted to strengthen digital services, foster innovation and competitiveness of Europe's online environment. Violators would be assessed penalties for non-compliance.

Compliance 175

Compliance Regulation System Taxes 175

PYMNTS

APRIL 19, 2019

That’s particularly true when it comes to compliance and data security. The EU’s General Data Protection Regulation (GDPR) is a prime example, said Jones. Payroll and tax-related regulations are also a strategic focus for accountants handling payroll for their customers. In the U.K., In the U.K.,

Innovation 154

Innovation Compliance Technology Resources 154

FICO

MARCH 6, 2020

Visma Connect recently interviewed Jürgen Krieg, FICO's head of global compliance sales. In this excerpt from that article, Jürgen elaborates on the importance of compliance. . At FICO, I am responsible for planning and implementing growth strategies to develop new markets, and the expansion of our compliance business globally.

Compliance 81

Compliance Technology Fraud Analytics 81

PYMNTS

FEBRUARY 25, 2020

Business-facing FinTechs have trailed behind innovation-targeting consumers – so looking back a decade ago, at the mere early rumbles of an eventual FinTech boom, it’s perhaps unsurprising that B2B FinTech was hardly a blip on the radar. Finding the Sweet Spots.

Compliance 184

Compliance Taxes Fintech Resources 184

Abrigo

JUNE 10, 2020

LaFontaine failed to take sufficient action when presented with significant AML program deficiencies in the Bank’s SAR-monitoring system and the number of staff to fulfill the AML compliance role by his AMLO [AML Officer],” the document said. The regulators don’t care what your budget is,” Luttrell says. Get adequate resources.

Resources 195

Resources Regulation Compliance Policies 195

PYMNTS

NOVEMBER 1, 2018

FinTech innovation is often a layered process, taking existing infrastructures and processes, and developing new tools to improve upon them. 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.

Taxes 122

Taxes California Regulation Innovation 122

PYMNTS

MARCH 26, 2018

The rise of RegTech is not by chance: There is an undeniable link between regulatory changes and technological innovation, and that link has a profound impact on FinTech and the financial services market. Europe is an epicenter for both regulatory shifts and FinTech innovation. Tax fraud is a massive threat of corporates.

Taxes 102

Taxes Fraud Compliance Regulation 102

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

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. Europe and Australia, too, have eInvoicing mandates in place. While the U.S.

Regulation 101

Regulation Data America Payments 101

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

MARCH 14, 2019

Both corporates and banks have said Know Your Customer ( KYC ) regulations are their most pressing compliance concerns, with nearly three-quarters of businesses with more than $1 billion in revenues pointing to KYC as their top challenge. ” and an overall rise in complexity of current regulations.

Fraud 115

Fraud Survey Taxes Regulation 115

PYMNTS

JANUARY 22, 2018

There are two key focuses for mid-market expense management tools, he said: infrastructure and regulatory compliance. As corporates of all sizes continue on their digital transformation journey, Deleval noted that payments innovation has become an instrumental piece of the puzzle in addressing mid-market expense management.

Management 116

Management Compliance Taxes Marketing 116

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. billion with 13 million recreational users.

blockchain 156

blockchain Compliance Management Bitcoin 156

PYMNTS

OCTOBER 7, 2019

The legislation aims to ensure that state-authorized and regulated cannabis businesses are not forced to operate with cash only. What that might be remains unclear, but the fate of the SAFE Banking Act and larger political concerns will help dictate that, as will the success of various states to innovate new ways of cannabis payments.

Payments 213

Payments Ohio Cards Industry 213

PYMNTS

MAY 22, 2017

Sure, digital invoices aren’t the most riveting of topics — but don’t be fooled: they’re at the center of B2B FinTech innovation, critical to a company’s bottom line. One of the most prominent conversations at the table is eInvoicing compliance. The discussion on eInvoicing is changing.

Compliance 104

Compliance Regulation Strategy Regional 104

PYMNTS

OCTOBER 18, 2019

The document explained that one benefit to launching its own crypto would be the ability of collecting more information on its citizens, which could then be shared with police or tax authorities. “We MSBs will now include domestic and foreign businesses “dealing in virtual currency,” Canada’s government said. “As

cryptocurrency 102

cryptocurrency Taxes Compliance Regulation 102

PYMNTS

JANUARY 12, 2017

Businesses continue to focus on areas like compliance in their payroll dealings, but with automated and digital payroll solutions gaining traction in the enterprise, compliance has become ever more challenging. One of these regulations is the Privacy Shield agreement, which regulates how data is moved between the EU and U.S.

Data 100

Data Taxes Compliance Regulation 100

PYMNTS

JULY 31, 2019

Money is moving faster than ever, with innovations making it possible for consumers and businesses to send and receive payments within minutes as opposed to days. These innovations can save valuable time and money, but they do not often solve issues associated with international payments.

Payments 144

Payments blockchain Kansas Security 144

PYMNTS

DECEMBER 12, 2018

Nowhere does that ring truer than in the nascent and growing legal cannabis industry, where billions of dollars flow the old-fashioned way — hand to hand, because of the clash between federal and state regulations over its legality. As noted in this space earlier in the year, roughly $5 billion in taxes was handled — via cash — last year.

Company 170

Company Taxes Compliance Industry 170

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

MARCH 27, 2020

While open banking FinTech innovation has initially focused on opening up bank account data to third party platforms, there is another component to the initiative with major implications for the payments landscape. QR codes [are] an excellent example of the innovation we will see on the back of Payments Initiation.

Payments 151

Payments Innovation Security Guidelines 151

PYMNTS

NOVEMBER 14, 2019

Time report collection, data aggregation across different formats and departments, data consolidation for processing, tax withholdings and benefits calculation must all be done, approved, and processed for on-time payroll. Compliance is still a major challenge. Technological Innovation.

Payments 127

Payments Compliance Taxes Technology 127

FICO

MARCH 5, 2019

The enquiry looked into misconduct and the issue of culture and governance in each industry and the execution of regulation by both industry bodies and regulators. The regulators overseeing these industries also came in for criticism, with APRA and ASIC expected to play a more adversarial role in the post-Hayne financial industry.

Innovation 58

Innovation Lending Regulation Industry 58

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. FICO has worked with them extensively, and their commitment to quality, innovation and customer service makes them an ideal home for Siron and the Siron team.

South Carolina 52

South Carolina Compliance Analytics Software 52

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

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

CFPB Monitor

OCTOBER 16, 2014

Klein The CFPB published for comment in today’s Federal Register a proposed policy on issuing “no-action” letters for innovative financial products or services. The proposal is part of Project Catalyst, the CFPB’s initiative for facilitating innovation in consumer-friendly financial products and services.

Policies 95

Policies Innovation Examples Data 95

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. It is likely that regulators will soon ask banks to come up with a plan.

Conference 195

Conference Payments Fraud Data 195

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. And as the ability to send payments electronically becomes faster and cheaper with innovation, it seems like doing business globally should no longer be a big deal.

ATM 101

ATM Compliance Regulation Cards 101

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.”. According to Lang, traditional FIs cannot meet this regulatory compliance and reporting need.

Compliance 130

Compliance Guidelines Industry Taxes 130

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!”. Of course, it isn’t just that regulators have their playlist tuned into the one of Prince, Pink, Lynyrd Skynyrd or Janis’s odes to “free.”

Regulation 100

Regulation Google Course Cards 100

Bank Innovation

MAY 9, 2017

Open finance is a story about innovation through interoperability and interoperability has become a major industrial force in modern economics. Due to complexity and regulation, it has taken finance a little longer than other industries to evolve into an interoperable and open industry model. To a degree.

Data 191

Data Trends Industry Examples 191

PYMNTS

SEPTEMBER 4, 2018

What’s more, how can a business feel confident in embracing a new technology when the next generation of an innovation could be just around the corner? How does one know when to leap into a new technology without getting hit with issues like implementation problems, technical challenges and the threat of a wasted investment?

Regulation 175

Regulation Data Technology Software 175

Abrigo

JULY 12, 2021

The review concluded that the revised FATF standards have fostered growth and innovation, while better protecting the international financial system. The report shines a light on corruption, tax fraud, drug trafficking, and labor trafficking as being linked to environmental crime. BSA Rules and Regulation. keep me informed.

Training 195

Training Policies United States Report 195

Insights on Business

MARCH 25, 2019

Without regular updates and feedback from regulators as well as other leading financial institutions, banks may be unknowingly opening themselves up to heightened risk. Understanding that having the right information readily available is the first step in managing compliance risk. Old risk ratings also mean missed opportunities.

Compliance 98

Compliance Taxes United States Data 98