PYMNTS

NOVEMBER 13, 2018

A new survey shows that an increasing number of mergers and acquisitions (M&As) are not going through because of concerns over General Data Protection Regulation (GDPR) compliance. As we track transactions, it will be very telling how these challenges will impact organizations’ due diligence processes.

Compliance 144

Compliance Survey Analytics Regulation 144

PYMNTS

DECEMBER 18, 2018

Now comes a comic book contribution to one of the most vexing and vital issues of modern payments and commerce — fraud prevention and ID compliance. 18) that is has released a free comic and coloring book entitled “ The Adventures of ID Man and Compliance Kid.”. Compliance, too, could become a juicer in the near future.

Compliance 152

Compliance Fraud Security Course 152

PYMNTS

SEPTEMBER 25, 2020

We have deep dives on the financial health of Main Street small and medium-sized businesses (SMBs), digital accounts payable (AP), and GoodRx ’s initial public offering (IPO). . The outlook for a number of Main Street SMBs seems to be getting better, but a cash crunch is still a lingering headwind.

Maine 153

Maine social media Atlanta Massachusetts 153

PYMNTS

JULY 3, 2019

The tech giant’s main regulator in the European Union (EU) said it is looking into whether Apple has complied with the EU’s General Data Protection Regulation (GDPR) privacy law regarding an access request from a customer.

Compliance 179

Compliance Apple Regulation Data 179

Perficient

JANUARY 23, 2024

Additionally, these branches underwent annual on-site inspections to ensure compliance with regulations. Luckily, FINRA proposed two main revisions to Rule 3110: Categorize residential home offices as “residential supervisory locations” (RSLs), which should be treated as non-branch locations, subject to safeguards and limitations.

Compliance 221

Compliance Regulation Industry Maine 221

PYMNTS

OCTOBER 6, 2020

Keeping customers' digital payment data safe and secure is a critical part of doing business in the digital economy, and following Payment Card Industry (PCI) compliance guidelines is an effective way for firms to accomplish this. Getting Up to Speed on Compliance. This can be particularly burdensome for smaller firms.

Compliance 178

Compliance Meeting Payments Cards 178

Perficient

JANUARY 3, 2024

Additionally, these branches underwent annual on-site inspections to ensure compliance with regulations. Luckily, FINRA proposed two main revisions to Rule 3110: Categorize residential home offices as “residential supervisory locations” (RSLs), which should be treated as non-branch locations, subject to safeguards and limitations.

Compliance 221

Compliance Risk Management Regulation Industry 221

CFPB Monitor

JANUARY 27, 2020

The CFPB published a policy statement in today’s Federal Register to announce that, going forward, it is establishing a new “Compliance Aids” designation for certain Bureau guidance. In the Supplementary Information accompanying the Policy Statement, the Bureau gives examples of compliance resources it has previously released.

Resources 78

Resources Policies Compliance Exercises 78

Cisco

NOVEMBER 1, 2022

In 2017, New York Department of Financial Services (NYDFS) passed cybersecurity regulation 23 NYCRR 500, requiring all financial services companies to implement multi-factor authentication (MFA). According to the NYDFS cybersecurity regulations, there are common MFA violations that have occurred across financial service organizations.

Regulation 120

Regulation Security System New York 120

PYMNTS

NOVEMBER 11, 2020

The European Data Protection Board (EDPB) adopted recommendations to assist data exporters with evaluating countries to ensure that they are adhering to the bloc’s level of protection under the EU General Data Protection Regulation ( GDPR ) and finding further measures as needed. The board identified five main Article 46 GDPR transfer tools.

Data 202

Data Compliance Exercises Tools 202

PYMNTS

SEPTEMBER 30, 2020

Consumers and businesses have been moving online in recent years, and regulators from the European Union to the Middle East and North Africa (MENA) region have worked to keep up with this migration. The pandemic is dramatically altering how merchants can transact, which data they can store and where they can store it, however.

Regulation 175

Regulation Data Regional Examples 175

PYMNTS

DECEMBER 17, 2018

Australian challenger bank Judo Capital has chosen VERMEG , a leading banking and insurance software solution company, to meet its Australian Prudential Regulation Authority (APRA) reporting requirements as it pursues its full banking license. “Regulatory reporting is an essential function for Judo. .

Capital 116

Capital Compliance Report Software 116

PYMNTS

JULY 24, 2020

How Global Freelancing Marketplaces Can Maintai n Security And Regulatory Compliance. Platforms also need to be sure that they can comply with the regulations of each country they serve. This is because they need to make sure they are not failing to keep up with each markets’ different local regulations or they will face serious fines.

Compliance 152

Compliance Report Payments Security 152

Insights on Business

MAY 1, 2019

While deregulation has been a trend over the past few years, compliance monitoring and regulatory change management remains a top focus for financial institutions of all sizes. Some of the key themes our panelists discuss will focus on these main areas: 1. Volume of regulatory alerts.

Compliance 122

Compliance Management Regulation Analysis 122

PYMNTS

JANUARY 14, 2019

Vietnam wants to be a cashless society, according to a report in Financial Times , but bank regulations are hindering the country’s ability to do so. However, because of the regulation issue, Vietnam is behind other countries in the ASEAN 5, and there’s no change in sight unless regulations change.

Regulation 123

Regulation Payments Compliance Maine 123

CFPB Monitor

MAY 7, 2020

” In its amicus brief, AFSA argues that the Maine amendments are preempted under the FCRA’s express preemption provisions. AFSA also argues that provisions such as the Maine amendments undermine the FCRA by producing a non-uniform credit-reporting system that is based on state-specific policy concerns.

Maine 78

Maine Report Resources Policies 78

PYMNTS

APRIL 18, 2017

Banks and financial institutions spend billions of dollars to ensure they are meeting compliance requirements and properly managing risks. For this reason, ComplyAdvantage is out to disrupt the market by delivering on solutions that does more than just check the compliance box. Filling The Compliance Gap.

Compliance 111

Compliance Data Austin Management 111

PYMNTS

MARCH 24, 2017

Compliance is also becoming an enterprise-wide endeavor, and compliance officers must adopt a global mindset. When asked as to what the three things that are most urgently in need of attention when it comes to compliance and fraud, Gurz said that “one is balancing efficiencies versus risk.

Compliance 157

Compliance Fraud Regional Examples 157

PYMNTS

DECEMBER 13, 2018

CUs are also actively communicating with law enforcement agencies, keeping regulators informed about suspicious activity, while receiving tips on noticeable trends that these same agencies are eyeing. AML Compliance Turns CUs Into Law Enforcement. However, their members are not the only ones with whom credit unions must regularly work.

Regulation 135

Regulation South Dakota ATM New York City 135

PYMNTS

DECEMBER 28, 2020

Wolters Kluwer Compliance Solutions has bolstered its Paycheck Protection Program Supported by TSoftPlus software to speed up Small Business Administration (SBA) loan applications, according to a Monday (Dec. 28) announcement.

Software 150

Software Compliance Maine Lending 150

PYMNTS

APRIL 29, 2020

The volatility of cryptocurrencies and their existence in what’s often a grey area of regulatory compliance make businesses operating in this sector an unattractive target for traditional financial institutions. ius noted, this is often because the heart of the cryptocurrency industry is often at odds with the nuances of regulation.

cryptocurrency 283

cryptocurrency Compliance Regulation Payments 283

PYMNTS

FEBRUARY 4, 2020

Open Banking’s European success has kicked off interest in similar regulations worldwide, most notably in China, India and Singapore, where digital banking’s popularity among general consumers is rapidly rising. Numerous regions then announced internal deadlines for compliance that often diverged from their neighbors’ deadlines.

Fraud 144

Fraud Regulation Compliance Innovation 144

Abrigo

AUGUST 7, 2023

Assessing and preparing for staffing needs AML and fraud compliance is an essential obligation for financial institutions. Safeguarding the integrity and effectiveness of a financial institution’s anti-money laundering (AML) program is paramount to ensuring regulatory compliance and detecting illicit activity. We have your back.

Training 195

Training Fraud Leadership Resources 195

Perficient

FEBRUARY 1, 2021

In today’s blog, we’ll discuss some of the latest and greatest features around Teams collaboration, meetings, calling, and security/compliance! Security and Compliance Updates. Adaptive Card Compliance Capabilities. The following compliance capabilities are now generally available: Legal hold. eDiscovery.

Meeting 322

Meeting Compliance Cards Security 322

PYMNTS

FEBRUARY 7, 2020

The Strong Customer Authentication (SCA) regulations say a bank has to verify a person’s identity whenever they make a payment that totals 100 euros ($109.45). The main fear is that the new rules will have customers walking away instead of trying to pay. The move could potentially affect 57 billion euros ($62.4

Cards 204

Cards Regulation Digital Banking Maine 204

CFPB Monitor

JUNE 14, 2021

The new law became effective immediately upon signing notwithstanding the authority it gives the Illinois Department of Financial and Professional Regulation (“IDFPR”) to adopt rules “consistent with [the] Act.”. Proposed Regulations. The IDFPR has proposed regulations to implement the Act.

Illinois 78

Illinois Regulation Report Lending 78

SWBC's LenderHub

JULY 14, 2016

The main culprit is the “potential” compliance scrutiny they face from state and federal regulatory audits. The infrastructure required to build robust compliance departments has already caused a sharp decline in the industry, and it's the fear of what could happen that’s already causing the industry to shrink, instead of grow.

Compliance 60

Compliance Maine Industry Regulation 60

PYMNTS

MARCH 9, 2020

Banks on Wall Street are talking to regulators about waiving rules regarding brokers working remotely while the coronavirus makes its way through New York, according to a report by Reuters. Citigroup is keeping less than 60 percent of its staff at the main site, and the rest are working from home or in Rochester, New York.

New York 154

New York Regulation Meeting Industry 154

Bank Innovation

SEPTEMBER 3, 2016

XBRL adaptation for reporting, monitoring and supervisory purposes is a broad topic that encompasses Central Banks, Regulators, Stock exchanges, individual companies (both private and public).

Fintech 258

Fintech Maine Regulation Report 258

PYMNTS

JUNE 17, 2020

million — “for failing to put adequate anti-money laundering (AML) systems and controls in place between October 2012 and September 2017,” Britain’s main bank regulator said in a news release on Wednesday (June 17). Germany’s Commerzbank London has agreed to pay a fine of £37,805,400 — about $47.45

Regulation 130

Regulation Maine Policies Compliance 130

PYMNTS

SEPTEMBER 10, 2019

Businesses that fail to comply with anti-money laundering (AML) and know your customer (KYC) regulations risk major regulator fines and irreparable damage to customer relationships when something goes wrong. The September AML/KYC Tracker examines the latest fraud challenges and efforts to ensure tight security and compliance. .

Security 185

Security Fintech Fraud Compliance 185

Let's Talk Payments

JUNE 24, 2016

The MIF regulation (full name – “Regulation (EU) 2015/751 on interchange fees for card-based payment transactions”) came into effect at the end of 2015 and is composed of four main.

Regulation 75

Regulation Apple Maine Cards 75

PYMNTS

JULY 31, 2019

The main goal is to fight fiscal evasion through healthy legislation, technology and information [in] real time for every transaction, product or receipt,” said Finance Minister Anila Denaj. When Prime Minister Edi Rama’s government came into power, it ran a campaign asking companies to register and issue receipts.

Taxes 116

Taxes System Compliance Online 116

PYMNTS

MAY 22, 2017

That depends, says counterterrorism and cybersecurity expert Richard Clarke, on what companies, banks and regulators are willing to learn from the incident. To get more banks into the two-step authentication mix, Clarke recommends regulation, which would compel mandatory compliance. “A s National Health Service.

Regulation 116

Regulation National Online System 116

PYMNTS

OCTOBER 19, 2016

According to Brad Fauss, president and CEO of the Network Branded Prepaid Card Association, the recently released regulations on prepaid cards from the Consumer Finance Protection Board could be another instance of good intentions gone wrong. The updated regulations are slated to take effect Oct.

Regulation 100

Regulation Cards Digital Banking social media 100

PYMNTS

JUNE 29, 2020

Small- to medium-sized businesses (SMBs) have been especially hard hit, as many have pivoted quickly to enable online transactions and adhere to the regulations that often accompany them. The health crisis has brought about changes to this rule, however, and these may have long-term implications for payment standards and regulations.

How To 239

How To Payments Management social media 239

PYMNTS

MARCH 8, 2019

It’s one of the main clichés of the early 21 st century, but that doesn’t mean it’s wrong: Data is the new oil. That concern, in fact, serves as one of the main barriers that prevents financial institutions (FIs), payment service providers and other businesses from monetizing their customer data. Poorly Understood.

Data 170

Data Strategy Maine Compliance 170