PYMNTS

JULY 1, 2019

When it comes to the new and emerging legal cannabis industry – along with the closely related trade in CBD products – payments and compliance issues, as one can imagine, have tremendous importance, and companies are striving to get into the game via those angles. Starting today, U.S. The Legal Situation. CBD Growth.

Compliance 167

Compliance Industry Payments Policies 167

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. RuPay is a payment network offered by National Payments Corp. The fine for non-compliance is going to be ?5,000

Cards 130

Cards blockchain Cyber Security Retail 130

PYMNTS

OCTOBER 19, 2020

Regulation. Two government officials from European nations have advocated to have watchdogs engage in preventative measures against Big Tech to reduce their strength and handle on the market, according to reports. The new regulations would also reshape the manner in which these companies collect and harness information.

Taxes 143

Taxes Compliance Regulation Google 143

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. The services are not currently registered as distinct entities, although they are provided to users in the nation. Facebook Supports Data-Portability Law.

social media 152

social media Data Apple Compliance 152

PYMNTS

JANUARY 25, 2021

A representative for the eCommerce retailer told Reuters that the company calls for an international approach in lieu of taxes levied by different nations. The news comes as the continent may be getting ready to scrutinize large tech companies with new regulations regarding illicit content and antitrust.

Taxes 141

Taxes Google Compliance Apple 141

PYMNTS

JUNE 18, 2020

The London-based trade group for Europe’s ePayments community is waiting for the European Banking Authority , the European Union (EU) banking regulator, to provide the 27-nation bloc with an update on Strong Customer Authentication (SCA). The implementation delay gives regulators an opportunity to get it right, Rodgers said.

Groups 131

Groups Regulation Fraud Security 131

PYMNTS

NOVEMBER 12, 2020

Visa is launching a new program designed to connect European FIs and retailers with state-of-the-art digital payment services. It will be run by Payments Canada and regulated by the Bank of Canada. EDPB Recommends Steps For Data Exporters To Ensure GDPR Compliance. Plus, Railsbank has closed a $37 million funding deal.

Payments 142

Payments Fintech Exercises Risk Management 142

PYMNTS

DECEMBER 27, 2019

Some families pay more in taxes on diapers in a year than a month’s supply actually costs, Phillip Vander Klay, director of policy and government relations for the National Diaper Bank Network , noted in a recent discussion with PYMNTS. Tax law changes can hit retailers hard if states do not carefully announce and implement them.

Taxes 146

Taxes Policies Compliance Retail 146

CFPB Monitor

OCTOBER 20, 2021

A group of 96 organizations and individuals, who describe themselves as consisting of “consumer, labor, civil rights, legal services, faith, community and financial organizations and academics,” have sent a letter to the CFPB urging the Bureau to regulate fee-based earned wage access (EWA) products as credit subject to the Truth in Lending Act.

Regulation 78

Regulation Groups Analysis Lending 78

Payments Source

JUNE 2, 2016

The National Retail Federation wants the Federal Trade Commission to do more than merely check up on the companies that routinely assess merchants for compliance with the Payment Card Industry Data Security Standards (PCI DSS).

Retail 60

Retail Compliance National Security 60

CFPB Monitor

OCTOBER 25, 2022

Following up on a threat it made back in 2018 , the New York State Department of Financial Services (DFS) announced on October 6, 2022 that it entered into a consent order with Rhinebeck Bank (“Rhinebeck”) to settle discrimination claims involving discretionary dealer markups on retail installment contracts with minority borrowers.

New York 78

New York Lending Community Bank Community 78

CFPB Monitor

DECEMBER 19, 2019

The OCC and FDIC have issued a joint proposal to revise their regulations implementing the Community Reinvestment Act (CRA). Although the Federal Reserve, OCC and FDIC, are the primary CRA regulators, the Fed did not join the proposal and presumably will issue a separate proposal. Activities that qualify for CRA credit.

FDIC 78

FDIC Regulation Community Retail 78

PYMNTS

JANUARY 6, 2020

The nation has watched many European countries go through this process over the past year, so impacts on its financial ecosystem are at least expected if firms have not yet experienced them. Preparedness helps with confident compliance . Turkish institutions.

Regulation 131

Regulation Industry Data Regional 131

PYMNTS

OCTOBER 21, 2016

Banks may not like it, but the demand is here for faster payments — from businesses, consumers and regulators alike. While they’re apprehensive about the technology, financial institutions are facing pressure to adopt real-time payments capabilities to meet that demand and to comply with new regulations.

Payments 100

Payments Regulation Compliance National 100

PYMNTS

OCTOBER 25, 2019

Marketplace facilitator laws have been particularly murky, as many are written in broad terms that have complicated compliance for eCommerce platforms, according to Rachelle Bernstein, vice president of government relations and tax counsel for the National Retail Federation (NRF), a Washington, D.C.-based The Path to Change .

Taxes 100

Taxes South Dakota Policies Compliance 100

PYMNTS

OCTOBER 28, 2019

Wayfair case that allowed states and individual cities to launch tax policies aimed at remote sellers and marketplaces is still reverberating in 2019 and will likely affect online retail in 2020. In Q3 2019, 14 states started collected online sales tax and 11 more followed in October.

Taxes 102

Taxes Online San Jose South Carolina 102

PYMNTS

MAY 22, 2019

The online retailer has already been looking to raise capital at a valuation of about $2 billion, and the acquisition of ShopClues could help its funding efforts. Sources said the due diligence process has already begun, and the proposed transaction is likely to value ShopClues at $200 million t0 $250 million, according to DealStreetAsia.

Meeting 116

Meeting Capital Policies Compliance 116

PYMNTS

MAY 23, 2017

In this edition of the PYMNTS’ Commander in Chief Series , Western Union President Odilon Almeida shares a day in the life as leader of one of the largest global person-to-person money transfer networks, what smartphones have done for the payments space and why security and compliance are always key in a game where the rules are changing every day.

Innovation 190

Innovation Payments Compliance Risk Management 190

Bank Innovation

OCTOBER 29, 2019

Digital banking brand Varo has 1 million customers, and is pushing ahead with plans to become a nationally-chartered bank early next year, CEO Colin Walsh told Bank Innovation Tuesday.

National 284

National Innovation Digital Banking Branding 284

CFPB Monitor

MAY 22, 2020

The OCC has issued a final rule revising its regulation implementing the Community Reinvestment Act (CRA). The final rule applies to national banks and federal savings associations. The final rule is effective October 1, 2020 but sets mandatory compliance dates based on the applicable performance standards.

FDIC 78

FDIC Lending Retail Compliance 78

PYMNTS

JUNE 19, 2018

The time for “wait and see” is running out when it comes to new European privacy regulations. Soon enough, the financial and consumer impacts of the General Data Protection Regulation (GDPR) will become clear enough that companies that took a laggard’s approach may start to feel significant pain.

Regulation 101

Regulation eBook social media Case Study 101

PYMNTS

JANUARY 28, 2019

As noted in this space by Karen Webster, the ban on the ban – where, now, in New York, surcharges are allowed when merchants post total prices for transactions – shows the inefficiencies of regulation that supersede card networks’ own rules governing merchant activities. population.

Cards 125

Cards New York Oklahoma Connecticut 125

PYMNTS

MAY 8, 2020

The National Football League’s 101st season begins in prime time on Sept. Are you ready for some football? 10 as the defending Super Bowl champion Kansas City Chiefs host the Houston Texans in a rematch of the American Football Conference Divisional playoffs, according to the NFL. Or will it? “In

Kansas City 130

Kansas City Houston Kansas Guidelines 130

PYMNTS

MARCH 9, 2020

Its criminal division houses the National Center for Disaster Fraud, which is geared toward discovering and prosecuting those who take advantage of disasters through manipulative practices like price gouging. Since the aftermath of Hurricane Katrina, the Justice Department has had a fraud-focused division.

Groups 144

Groups Branding Fraud Compliance 144

Bank Innovation

OCTOBER 3, 2017

This hypothetical licensing program could put into place a nation-wide, unified regulatory framework for cryptocurrency exchange platforms. Last week, Japan’s […].

United States 284

United States cryptocurrency Bitcoin National 284

PYMNTS

FEBRUARY 19, 2019

Since last year, when Canada legalized recreational pot in full, the nation became a kind of country-sized lab for how that new business would play out. Retail figures will vary as new stores continue to come online and the marketplace continues to evolve,” the report said. That market could reach as much as $5.1 Bank Participation.

Payments 177

Payments Cards Operations Online 177

PYMNTS

JUNE 28, 2019

But the pending ban does highlight the need for a national standard regarding the minimum age to buy such products, he said. Not having a set of guideline or rules” at the federal level “creates a lot of confusion and disruption.”

San Francisco 134

San Francisco Guidelines Report Maine 134

PYMNTS

NOVEMBER 16, 2018

Other nations that are looking at adopting Open Banking — along with rollouts of APIs — include Hong Kong, with APIs slated for debut in 2019 and Australia, which is eyeing Treasury Open Banking by next summer. After the compliance boxes are checked, that is when the innovation in terms of new financial and products will kick in. “It

Data 159

Data Compliance Innovation Survey 159

PYMNTS

SEPTEMBER 11, 2019

According to the new Simplifying Cross-Border Payments Playbook , there are five key criteria that an ideal cross-border payment solution should meet: speed, security, compliance, transparency and ubiquity. APIs serve as bridges connecting national or regional real-time payment rails. So, what’s the problem?

Payments 190

Payments Regional Operations Guidelines 190

CFPB Monitor

SEPTEMBER 9, 2020

Ballard Spahr LLP has submitted a comment letter to the OCC in support of its proposed rule , “National Banks and Federal Savings Associations as Lenders” (the “Proposed Rule”). Three virtually identical Federal Interest Statutes govern interest that may be charged by Banks: Section 85 of the National Bank Act (“NBA”), 12 U.S.C. §

FDIC 78

FDIC National South Dakota Lending 78

FICO

JULY 14, 2016

Awards will be presented in six categories: Analytic Excellence , Customer Onboarding and Management , Debt Management , Decision Management Innovation , Fraud Control and Regulatory Compliance. Jim Bander, national manager, Decision Science, Toyota Financial Services (2015 winner). Bill Fearnley, Jr.,

Analytics 40

Analytics Conference Compliance Fraud 40

Independent Banker

FEBRUARY 24, 2016

“I know that unnecessary regulation saps the strength of community banks.” Federal banking regulators are always alert to emerging safety and soundness issues. Curry: Most of my regulatory career has been devoted to community bank supervision, and I know that unnecessary regulation saps the strength of community banks.

Community Bank 70

Community Bank Community Regulation Compliance 70

CFPB Monitor

DECEMBER 23, 2020

On December 21, 2020, the CFPB issued its third consent order involving violations of Subpart B of Regulation E, 12 C.F.R. §§ 1005.30 g) requires remittance transfer providers to develop and maintain written policies and procedures designed to ensure compliance with the Remittance Rule’s error resolution requirements. Section 1005.33(g)

Policies 78

Policies Compliance Taxes Report 78

Insights on Business

JULY 11, 2018

No area of human endeavour from retail, to transportation, to banking has not seen some form of disruptive technology replace the long-established modus operandi. Technological innovation is a reality that is impacting every facet of society.

Technology 185

Technology Innovation Operations Compliance 185

Payments Source

JULY 28, 2016

Retailers insist that the EMV migration in the U.S. is weak because there is no PIN requirement to verify chip-card transactions, a process that is standard practice in other nations.

Report 60

Report National Retail Cards 60

PYMNTS

SEPTEMBER 22, 2017

Bankruptcy claims a marquee name in tyke-focused retailing, as the Amazon effect continues. The slowdown in new businesses being founded in the 1980s and 90s was largely quarantined to certain segments – especially retail, where corner stores and regional brands were falling to larger national chains. Toys R Us: Toys Were Us?

US 108

US Apple Innovation Regulation 108

PYMNTS

MARCH 29, 2016

In compliance with national laws and regulations, we ultimately want to make Samsung Pay available to as many consumers as possible, so that everyone in China can have the opportunity to enjoy the simplicity, safety and convenience of our mobile payment solution.”

Samsung 100

Samsung Apple Mobile Cards 100