PYMNTS

JANUARY 25, 2019

In the January PSD2 Tracker , PYMNTS examines how money movement and data flow are getting an upgrade with PSD2, as well as how the upcoming SCA regulation is bound to affect user authentication. Despite GDPR coming into effect a full six months ago, 50 percent of European merchants still aren’t compliant with the regulation.

Operations 195

Operations Regulation Data Trends 195

PYMNTS

JULY 5, 2020

The nation’s marijuana regulator has told financial institutions to treat the $500 million hemp businesses the same way they would any other businesses. The reminder is intended for banks with clients that include marijuana retailers or individuals that grow, process, or manufacture pot. Hemp Inc.,

US 352

US Nevada Arizona Guidelines 352

PYMNTS

FEBRUARY 8, 2019

Meanwhile, airlines and other travel vertical players face fresh pressures on alternative payments , and new payday loan regulations are looming. Meanwhile, the luxury retail ecosystem could change via another online operation that offers relatively easy access to designer goods. payday loan regulations could take effect.

Payments 182

Payments Regulation Compliance Operations 182

PYMNTS

NOVEMBER 16, 2020

Regulation. Tencent Holdings President Martin Lau said further regulations are needed in China to mirror a “new reality.”. As technology companies become bigger and more important to the economy, I would say more regulations to reflect the new reality are needed," Lau said, according to the report.

Maryland 151

Maryland Taxes Online Groups 151

PYMNTS

DECEMBER 28, 2020

Facebook is turning off a number of functions in its Instagram and Messenger apps for European users after new a European Union regulation called the “ePrivacy directive” began covering messaging apps as of Dec. It takes time to rebuild products in a way that work seamlessly for people and also comply with new regulation.”.

Compliance 148

Compliance Google Texas Apple 148

PYMNTS

OCTOBER 19, 2020

Regulation. EU regulators are reportedly creating a “hit list” of approximately 20 firms — Big Tech signature names among them — that will encounter stricter regulations over market competition and other operational activities. Former EU Regulator Says Big Penalties Don’t Impact Big Tech Firms. and Microsoft Corp.

Taxes 143

Taxes Compliance Regulation Google 143

PYMNTS

NOVEMBER 13, 2020

Managing inventory, B2B payments and a plethora of food and beverage vendors can be a headache for any kind of restaurant, bar or retailer. But in the alcohol beverage arena, unique regulations — many of which date back to the era of prohibition — have added an extra layer of complexity to the supply chain.

Industry 219

Industry Payments Retail Regulation 219

Abrigo

FEBRUARY 2, 2015

The banking industry has seen a steady stream of media attention since 2008, much of it in the form of stories about data breaches linked to major retailers or mega banks’ profits. Two recent surveys addressing the community banking landscape have pointed to increasing regulations as the primary cause of stress for these institutions.

Community Bank 150

Community Bank Community Regulation Survey 150

PYMNTS

AUGUST 9, 2019

Yet this was compliance-ready, not operationally ready. Additionally, they see potentially 25 to 30 percent of transactions being declined in the short term unless a compliance timeline is agreed upon. . Retailers were excluded from PSD2 completely,” Robinson said. 14 deadline. What Are the Issues?

Compliance 152

Compliance Regulation User Experience Retail 152

PYMNTS

DECEMBER 19, 2019

The revised Payment Services Directive ( PSD2 ) Strong Customer Authentication ( SCA ) regulation rollout in the EU has been a little bit on the bumpy side so far. 14 of this year, and while PSD2 did, the SCA part of the regulation has been put on hold. What will that compliance look like in the in the EEA and around the world?

Compliance 102

Compliance Regulation Strategy Training 102

Abrigo

MAY 24, 2023

“Without full access to the banking and payments system, legal cannabis businesses are forced to operate in the shadows,” said Sen. As such, companies are forced to operate in a cash-only model, which can result in robbery, money laundering, and organized crime. Sherrod Brown, D-Ohio, in the same hearing.

Lending 195

Lending Fraud Operations Ohio 195

PYMNTS

SEPTEMBER 2, 2019

3 hearing advises that system-wide governance should be established to regulate virtual asset service providers (VASPs), CoinTelegraph reported Monday (Sept. Although regulation could make it hard for some crypto firms to continue operations, Murray said it’s not the BSA’s job to accommodate everyone. financial system.

Groups 124

Groups cryptocurrency Regulation United States 124

PYMNTS

APRIL 23, 2020

Hypur will bolster Salal’s network of cannabis retailers and wholesalers via different digital payment offerings. Cannabis operations that partnered with Hypur to leverage the company’s financial technology can tap into the digital HypurPay app to access a safer and more convenient payment environment.

Payments 181

Payments Risk Management ATM Resources 181

Abrigo

MAY 8, 2024

Takeaway 3 Regulators are closely watching expanded uses of AI and generative artificial intelligence. They can more easily consider how to harness genAI's power to enhance their operations, compliance, risk management, and member or customer experience. That’s equivalent to 9% to 15% of operating profits, the report notes.

Examples 222

Examples Fraud Resources Risk Management 222

PYMNTS

FEBRUARY 5, 2020

That’s a bad moon rising for some Big Data operators. The Merchants’ Guide to Navigating Global Payments Regulations , powered by Ekata, dives deep into this complex and unsettled topic, from possible abrupt retail impacts to long-term open banking repercussions. With regulators showing their fangs in dozens of countries, U.S.

Google 288

Google Data Regulation social media 288

Celent Banking

MARCH 6, 2015

Next week I will be moderating a panel discussion at American Banker´s Retail Banking Conference in Austin about the competitive pressures of community institutions. video teller) often does not lead to short term cost savings, and new services typically run in tandem with other operations, adding operating expense to already thin margins.

Conference 100

Conference Retail Community Austin 100

PYMNTS

JANUARY 30, 2019

They face the challenge of offering customers a smooth onboarding process while also remaining rigorous in know your customer (KYC) efforts, taking care to remain compliant with local anti-money laundering (AML) regulations that aim to keep criminals from using legitimate operations to move money illegally. In the U.K.,

How To 170

How To blockchain Compliance Regional 170

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

APRIL 26, 2018

is only weeks away from bringing its Global Data Protection Regulation (GDPR) rules into effect, and corporates are ill-prepared for the data security requirements, according to new research. Seventy-one percent said they are aware noncompliance could be detrimental to their companies’ international operations. Businesses in the U.K.

Data 148

Data Compliance Survey Regulation 148

PYMNTS

DECEMBER 29, 2020

With it, financial institutions need to strengthen their compliance to mitigate the risk of running afoul of the law. Certainly, the use and availability of cryptocurrencies is another emerging area that is contending with its own unique set of compliance issues, but it is also one Wingert said appears to be closing gaps in regulation.

Fraud 270

Fraud Compliance cryptocurrency Security 270

PYMNTS

OCTOBER 31, 2018

. “As California moves to a regulated and licensed system, there is a long tail of retailers and brands in the industry that need to be connected,” said Craft Ventures Co-founder David Sacks in a statement. Licensed brands can expand their reach to retailers, while retailers can receive next-day delivery.

Retail 122

Retail Compliance blockchain Branding 122

PYMNTS

JULY 29, 2019

The Luxembourg-based Court of Justice of the European Union (CJEU) weighed in on a dispute after a German online fashion retailer was accused of violating EU law by embedding a “Like” plugin. Under the General Data Protection Regulation (GDPR), citizens have a right to decide how, when and by whom their data is used. Ethyca raised $4.2

Data 122

Data Company social media Compliance 122

Abrigo

JANUARY 24, 2024

A second fraud management and prevention consideration for credit unions is that FedNow will operate around the clock every day of the year. For example, an ATM scheme that operated through July 2023 targeted credit unions in six states, stealing nearly $6 million. Careful product design is vital.

Fraud 222

Fraud Payments Software Policies 222

PYMNTS

NOVEMBER 7, 2019

SCA awareness is thankfully high among the payment service providers (PSPs) tasked with executing and communicating the mandates to businesses and consumers, and these PSPs are working with regulators and other trade groups to develop compliant solutions for retailers. Frictionless Transactions and the SCA Compliance Challenge .

Compliance 100

Compliance Regulation Payments Retail 100

Bank Innovation

MARCH 10, 2016

Is there a way to prevent regulators from derailing a bank’s fintech initiatives? Jill Castilla, president and CEO of Citizens Bank of Edmond, located in Edmond, Okla., says there is.

Regulation 150

Regulation Fintech Community Strategy 150

Abrigo

JANUARY 1, 2015

Some of the biggest banking stories in 2014 centered on massive data breaches at top retailers, M&A activities, and regulatory changes like the IASB’s IFRS 9 Financial Instruments. Creating a team dedicated to compliance will likely foster trust with regulators.

Management 150

Management Compliance Regulation Data 150

PYMNTS

JUNE 26, 2019

One of the biggest arguments in favor of federal legalization of marijuana is the opportunity for regulation to pull an industry off the black market, and into the world of compliance and transparency — ultimately promoting consumer safety. State and federal regulation can ensure that those consumers are using safe products.

Compliance 110

Compliance Regulation Fraud Industry 110

Bank Innovation

JANUARY 8, 2020

While chip cards are becoming a mainstay at brick-and-mortar retail checkouts, gas pump payment technology lags behind. Gas station operators who fail to […]. Visa and Mastercard have given U.S.

Cards 259

Cards Meeting Groups Retail 259

PYMNTS

APRIL 16, 2018

According to the publication, Flowhub will provide compliance, regulatory and reporting support for cannabis companies. Flowhub’s compliance software will be integrated into that system. Our retail solutions are widely available and used by all sorts of customers as they see fit to meet their business need.”.

Software 102

Software Marketing Washington Compliance 102

FICO

FEBRUARY 12, 2018

For all the talk in the UK about disruptors and fintechs and new entrants to the credit market, and about how banks and card issuers need to manage customers in arrears, there’s one group that seems strangely absent from this focus: retailers. It is estimated over £200 billion of UK household debt is in unsecured retail credit.

Retail 63

Retail Management Analytics Compliance 63

PYMNTS

DECEMBER 30, 2019

The new jumble of state-level and municipal taxation has further obscured already confusing Internet sales tax compliance. A plan backed by the Illinois Retail Merchants Association places the burden on sales tax collection on the marketplaces, which will then settle up with the state Department of Revenue. Implementation.

Taxes 130

Taxes Alaska South Dakota South Carolina 130

PYMNTS

MARCH 27, 2019

The nation’s Groceries Code Adjudicator, Christine Tacon, announced earlier this week that a probe has found grocery chain Co-operative Group (Co-op) breached the Groceries Supply Code of Practice. Various voluntary codes of conduct have become a popular strategy among regulators in the U.K.

Payments 141

Payments Compliance Training System 141

PYMNTS

APRIL 2, 2019

Grupo Flor said that, in the first week of the trading desk’s operation, it facilitated “several million dollars’ worth of trades.” At the same time, a lack of logistics and B2B service providers compliant with state regulations, and familiar with the products, is also a rising concern for industry players.

Fintech 176

Fintech Compliance Industry California 176

Insights on Business

OCTOBER 18, 2017

We helped banks go online, becoming always-on for their commercial and retail customers. With petabytes of data now generated daily, we’ve gone well beyond the limits of human understanding or capacity and a new operating model is necessary. A mid- to large-size financial institution is bound by no fewer than 100 regulations.

Compliance 101

Compliance Fraud Regulation Technology 101

PYMNTS

DECEMBER 11, 2019

Many legal cannabis businesses continue to rely on cash, paper and offline methods of communication to conduct operations without access to traditional financial services. Orders are placed and shipped, and a paper invoice is generated, with retailers using legacy payment strategies to settle those bills. Technology From The Get-Go.

Payments 130

Payments Industry Compliance Technology 130

PYMNTS

FEBRUARY 18, 2019

which the institution plans to deploy in its corporate payments operation. Indeed, what will drive crypto adoption, Chell told PYMNTS, is in the technology’s ability to reduce payments friction, and integrate compliance and security. BitRail doesn’t yet operate in the B2B payments space.

cryptocurrency 175

cryptocurrency Payments blockchain Compliance 175

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