PYMNTS

MAY 16, 2019

Across the European Union (EU), technology providers and social media platforms are increasingly playing a bigger role in the Open Banking ecosystem. At the same time, however, many players, like Facebook and Google , are squaring off against regulators that are looking at their data and payment policies with more scrutiny.

social media 161

social media Compliance Innovation Data 161

Perficient

JULY 10, 2023

But, as one of the most regulated and notoriously untrusted industries, the financial services industry is among the most vulnerable to being impacted by negative digital media, driving up its vulnerability to reputational risk.

social media 170

social media Risk Management Analysis Industry 170

PYMNTS

OCTOBER 19, 2020

and Europe to develop tough new regulations to take on big tech, according to a Reuters report on Monday (Oct. EU antitrust regulators in August started probing a $2.1 In the September PYMNTS big tech compliance tracker tracker, Facebook considered pulling out of the EU over regulations.

US 264

US social media Illinois Google 264

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

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 social media company has indicated that the Access Act, a proposed data portability law, is a first move in the right direction.

social media 152

social media Data Apple Compliance 152

PYMNTS

AUGUST 23, 2018

The European Union (EU) General Data Protection Regulation (GDPR) came into effect in May, but most businesses in the region still aren’t compliant with the rules. GDPR compliance must be a component of the supplier relationship management strategy, analysts said.

Compliance 119

Compliance Data social media Security 119

Abrigo

JULY 13, 2023

A scam usually begins with online contact via social media or dating apps. Crafty scammers exploit weaknesses in fraud and anti-money laundering (AML) compliance programs such as outdated technology, human error, or inadequate monitoring systems. Navigate your BSA exam with tips from this on-demand webinar.

Fraud 195

Fraud cryptocurrency Training social media 195

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

AUGUST 27, 2018

The initial verdicts of General Data Protection Regulation (GDPR) are in, at least in terms of compliance – or lack thereof. In news this past week, studies have shown that compliance rates are indeed low, three months in. are in compliance. How low are the rates? A bit of optimism: Progress is, well, progressing.

Compliance 102

Compliance social media Study Data 102

PYMNTS

SEPTEMBER 28, 2020

Regulations. SocialMediaToday reported that in early September, an EU “privacy regulator … sent Facebook a preliminary order to suspend data transfers to the U.S. Developers who are not in compliance will be urged to update their apps to bring them in line.” Facebook Threatens EU Withdrawal Over Data Sovereignty.

Taxes 162

Taxes Compliance Illinois Las Vegas 162

PYMNTS

JUNE 20, 2019

Unlike social media … the terms of engagement for innovations such as Libra must be adopted in advance of any launch.”. One thing he wants to do right away is to enhance the coordination between financial regulators in the country. “To separates from the European Union. To remain a dominant player we in the U.K.

Regulation 116

Regulation social media cryptocurrency Capital 116

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

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

JANUARY 11, 2021

The social media platform is taking away “Likes” and putting the emphasis on “Followers” to streamline the method through which individuals link up their favorite “Pages.” China’s Internet Regulator Considers More Stringent Oversight. The regulator is looking for input from the public until Feb.

Taxes 132

Taxes US Compliance social media 132

PYMNTS

DECEMBER 3, 2019

With a warning that regulatory risks could take away over a quarter of Facebook ’s stock value, analyst Jason Bazinet noted that the social media firm “likely” encounters three threats in the long term from the U.S. that mirror the General Data Protection Regulation of the European Union. government.

Compliance 132

Compliance social media Comparison Report 132

PYMNTS

MARCH 20, 2020

The policy being drafted by India’s trade ministry also calls for a new regulator to provide oversight and enforce compliance. The regulator will have the authority to request information from tech firms and also enforce other Indian laws aimed at consumer protection and fair competition, the sources said.

Data 183

Data social media Policies Regulation 183

PYMNTS

DECEMBER 12, 2019

The social media company is now reportedly investing $130 million to the effort, Engadget reported. It will have the role of handling such tasks as ensuring tax compliance, administering payroll and reviewing the annual budget of the board. Facebook has been at work creating a content oversight board over the past year.

social media 130

social media Delaware Tools Policies 130

PYMNTS

SEPTEMBER 8, 2020

Here’s the latest news for Big Tech’s Google , Amazon , Apple and Facebook , which are coming under increasing scrutiny from legislators and regulators the world over. Regulation. Russian Legislator Seeks to Place Limits on App Commissions.

Taxes 131

Taxes Google Apple social media 131

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

JULY 7, 2020

Now there’s the Retail Industry Leaders Association (RILA) asking for help with mandating mask guidance regulations to protect store personnel. Social media has been full of news of anti-maskers wrecking displays – and weeks ago, even attacking a store clerk because of regulations requiring them to mask up inside stores.

Retail 151

Retail Groups social media Policies 151

PYMNTS

SEPTEMBER 11, 2019

Jamal El-Hindi, the deputy director of the Financial Crimes Enforcement Network (FinCEN), spoke at the 2019 Money Transmitter Regulators Association Annual Conference on Wednesday (Sept. 11) about the importance of innovation and the regulation of non-banking financial institutions (NBFI), according to a release.

social media 116

social media Compliance Innovation Regulation 116

PYMNTS

JULY 29, 2019

A consumer association in Germany said the plugin allowed the social media company to collect data on the site’s users, the news outlet said. Under the General Data Protection Regulation (GDPR), citizens have a right to decide how, when and by whom their data is used. Since GDPR was initiated in May 2018, there have been $62.6

Data 122

Data Company social media Compliance 122

Abrigo

JULY 10, 2023

Public social media sources have made it easier for fraudsters to obtain information by looking at what people post online. Help your team plan for the unexpected with this webinar: "Building a strong future: Succession planning strategies for your AML program."

Fraud 150

Fraud How To social media Security 150

Abrigo

NOVEMBER 17, 2023

Social media scams account for the highest losses and are higher than any other fraud typology , at a reported half-billion total loss. As overseers tighten the leash with stringent regulations aimed at protecting consumers, the cost of compliance grows. financial s ystem. Find out how BAM+ stops fraud scams.

Fraud 195

Fraud Training Trends Compliance 195

PYMNTS

DECEMBER 19, 2019

The tech companies cited included social media giant Tencent , Sina Corp., A total of 41 apps were found to be not in compliance of user data rules, according to regulators, and violations included improperly collecting or using information about visitors to their services. Sohu.com Ltd. and Xiaomi Corp.

social media 130

social media Regulation Exercises Policies 130

PYMNTS

FEBRUARY 5, 2020

In the middle are the consumers whose data fuels eCommerce, social media and basically the entire internet as we know it. 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.

Google 288

Google Data Regulation social media 288

PYMNTS

OCTOBER 13, 2020

Department of Justice, which said in a report that rogue nations and other risks loom as exchanges are lightly (or not at all) regulated – making it difficult to, as the maxim goes, follow the money. That’s according to the U.S. In the report from the U.S.

cryptocurrency 206

cryptocurrency United States social media Regulation 206

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

MAY 1, 2020

advertisers probably won’t “like” its subpar rating from a media industry watchdog. The Media Rating Council (MRC) review found that the California-based social media giant has failed to address advertisers’ concerns arising from an Ernst & Young audit over how it measures and reports data about video advertisements. .

social media 233

social media Video New York California 233

Bank Innovation

APRIL 18, 2016

‘Cloud’ used to be a scary word in banking — but as the services offered by Amazon, IBM and others grow more sophisticated, both bankers and regulators are learning to love the cloud. Banks have generally been reluctant to move important information from in-house environments to the cloud, but that could Read More.

Compliance 150

Compliance Tools Regulation social media 150

PYMNTS

SEPTEMBER 16, 2019

The Swiss regulators have mandated that Libra be bound by regulations that govern infrastructure, and so Libra would need a payments license in place. Senate panel on efforts by social media firms to remove violent content from online platforms, the panel said in a statement. GDPR Compliance Lacking.

social media 122

social media Google Taxes Arkansas 122

PYMNTS

JANUARY 9, 2019

According to Financial Times , Parakilas monitored privacy and policy compliance of software developers for Facebook for 18 months before he left in October of 2012. Back then, he had warned executives at the social media company of the potentially damaging impact of Facebook’s data sharing policies.

Apple 122

Apple social media Google Policies 122

Independent Banker

OCTOBER 14, 2014

A status update on banks and social media. According to a statistic released as part of the ICBA 2014 Top 50 Community Bank Leaders in Social Media, nearly 2,500 banks have a Facebook or Twitter presence, and the numbers continue to exponentially grow. .* 140-word summary of the social media guidance.

social media 88

social media Risk Management Compliance Community Bank 88

PYMNTS

FEBRUARY 12, 2019

Govindacharya have asked lawmakers in India to call leaders of Google and Facebook to the country to ask them about data privacy and their compliance on tax laws, according to a report from Reuters. The group is asking a parliamentary panel on information technology to investigate the tech giants.

Taxes 108

Taxes Google social media Groups 108

PYMNTS

JANUARY 25, 2019

The Irish Data Protection Commissioner (DPC) is Twitter’s lead regulator in the European Union. 25), the DPC said it was again looking into the social media giant because of another breach notification it received from the company, according to a report from Reuters. On Friday (Jan.

Data 190

Data social media Compliance Survey 190

PYMNTS

SEPTEMBER 25, 2020

HSBC To Staff: Stay Off Bank’s Social Media Accounts . The 233,000 global staffers of HSBC Holdings Plc were told to remain off the bank’s social media sites on Monday (Sept. The 233,000 global staffers of HSBC Holdings Plc were told to remain off the bank’s social media sites on Monday (Sept.

Maine 153

Maine social media Atlanta Massachusetts 153

Bank Innovation

APRIL 6, 2018

Many expressed their anger at the Reserve Bank of India on social media platform under the hashtag #RBICantStopMe. India’s central bank’s decision to ban all banks and entities that come under its authority did not go well with the country’s crypto traders/investors.

social media 191

social media cryptocurrency Compliance Regulation 191