PYMNTS

JANUARY 28, 2019

And Starbucks has grown its loyalty rewards program enrollment, while big-name merchants in the United States are adopting Apple Pay. companies that believe non-compliance with GDPR would affect their reputations. companies that believe non-compliance with GDPR would affect their reputations. All this, Today In Data.

Data 180

Data United States Apple Payments 180

Perficient

FEBRUARY 2, 2023

In the beginning, the majority of BNPL purchases occurred between retailers and end customers in the apparel and cosmetics spaces, but there has been a shift toward using BNPL for bigger ticket items, in both business-to-consumer and business-to-business landscapes. million this year and 94.4 million in 2024.

Industry 471

Industry Trends social media Payments 471

PYMNTS

DECEMBER 27, 2019

Campaigns against taxing obligatory items are spreading across the United States, forcing states to rethink their revenue generation decisions. This policy change has refocused legislative action advocates and retailers to address the impact of sales taxes on individuals struggling to afford necessities.

Taxes 146

Taxes Policies Compliance Retail 146

PYMNTS

DECEMBER 11, 2020

Instacart’s bonuses come at a time of rising competition in the grocery delivery industry, as rivals like Shipt, Peapod, Walmart and Amazon Fresh are all seeking to add employees to pick, pack and deliver orders for the fast-growing retail subset. Battle Goes Beyond Groceries.

Community 154

Community United States Guidelines Retail 154

CFPB Monitor

DECEMBER 10, 2020

Department of Justice and a media conglomerate underscores the importance of implementing robust Telephone Consumer Protection Act compliance measures, including for third-party vendors. DISH, the DOJ, and the States reached this expansive settlement on remand. A recent settlement between the U.S.

North Carolina 78

North Carolina Compliance Illinois Ohio 78

PYMNTS

JANUARY 3, 2020

In an interview with PYMNTS, Liz Armbruester, senior vice president of Global Compliance at Avalara , said 2019 represented a watershed year for tax compliance as states embraced the economic nexus model and passed marketplace facilitator laws. Even the consequences of non-compliance can be fragmented.

Online 132

Online Taxes Compliance Missouri 132

FICO

APRIL 29, 2022

There’s a lot going on in the retail payments space – defined as transactions between two consumers, between consumers and businesses, or between two businesses. Some of the changes are related to new digital payments methods like P2P apps, tap-to-pay, and cryptocurrency, which are all growing options in retail environments.

Fraud 52

Fraud Retail Payments cryptocurrency 52

PYMNTS

SEPTEMBER 2, 2019

The testimony further stated that cryptocurrency regulations could be strengthened by creating a new class of financial institution: virtual asset transaction validators. The testimony also suggested that transparency of retail and other consumer payments improve. financial system.

Groups 124

Groups cryptocurrency Regulation United States 124

PYMNTS

OCTOBER 19, 2020

The government of France halted the payment of its national tax on digital revenues as the United States consented to abstain from retaliatory taxes. Skepticism Emerges Over Effect Of British Tech Tax On Amazon. Amazon is encountering new skepticism after it came to the surface that the U.K. a London news outlet, reported.

Taxes 143

Taxes Compliance Regulation Google 143

PYMNTS

NOVEMBER 25, 2019

The cost of the new taxes does not seem to be weighing businesses down, but the pain of compliance certainly is, he said. . The United States’ current array of remote sales tax laws is causing chaos for some companies, particularly SMBs and startups, Isaacson said. Remote Sales Tax Laws: Winners and Losers .

Taxes 132

Taxes South Dakota Compliance Policies 132

CFPB Monitor

MARCH 23, 2022

It also requires BayPort to pay a $40,000 civil penalty to the United States. Section 3937 in connection with a servicemember who, before being called to active duty, had entered into a retail installment contract (RIC) for the purchase of a vehicle with an auto dealer who assigned the RIC to BayPort. The SCRA (50 U.S.C.

Policies 147

Policies Compliance United States Training 147

PYMNTS

JUNE 3, 2019

The platform also aims to simplify compliance and help merchants meet the changing regulatory demands in the more than 200 markets in which it operates. ” Ready noted that starting Monday (June 3), the PayPal Commerce Platform will be available in France, Germany, Italy, Spain, the United Kingdom and the United States.

Online 206

Online United States Meeting Tools 206

PYMNTS

JUNE 19, 2020

Bank profits in the United States took a 69.6 IP recognition technology is one method, among others, that retailers can use to make the cross-border payment experience streamlined for shoppers. Visa is at work with Facebook so that consumers can completely harness the new payments functionality on WhatsApp in Brazil.

Payments 151

Payments United States FDIC Retail 151

FICO

MAY 20, 2021

In my Financial Crimes Predictions 2021: More AI & Ransomware post , I talked about how banks will move to operationalize their Anti-Money Laundering (AML) compliance programs to achieve greater efficiencies and how robotic process automation (RPA) adoption will drive the paradigm shift. FICO Automates KYC Watchlist Screening.

Compliance 52

Compliance United States Study Case Study 52

FICO

MARCH 31, 2016

As FICO’s premiere client conference, FICO World 2016 , heads to the nation’s capital at the end of next month, it is not surprising that regulatory compliance strategies and solutions will be a hot topic of discussion. Model management continues to present financial institutions with new compliance obstacles.

Compliance 40

Compliance DC Washington Regulation 40

Abrigo

OCTOBER 8, 2014

Regulatory compliance. Approximately half of the banks that participated in the survey were publicly traded and were focused on a mix of retail and commercial banking. Regulatory Compliance. Last month, community bankers from all over the United States asked the Senate for regulatory relief. Loan growth.

Community Bank 191

Community Bank Community Strategy Risk Management 191

PYMNTS

JANUARY 22, 2020

Fifty-one percent of United States consumers stated in the most recent PYMNTS Disbursements Satisfaction Report that they would prefer to receive tax refunds, child support payments and other government payments through instant payout methods. Government Agencies.

Idaho 130

Idaho Illinois Innovation Tennessee 130

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

PYMNTS

JULY 29, 2019

Mastercard is expected to report strong revenue growth in its second-quarter earnings, thanks to a continued increase in retail spending and digital transactions, according to analysts. The company introduced a new open banking platform in June that supports connectivity, security and compliance, dispute resolution and consulting services.

Payments 117

Payments Portland Oregon United States 117

PYMNTS

MAY 11, 2020

In PYMNTS’ May 2020 Disbursements Tracker® done in collaboration with Ingo Money , an assortment of methods are assessed for their value in getting CARES Act payouts to people and businesses faster, at a decisive moment for the United States and its legendary economy. Betting on Faster Payments.

CA 130

CA United States Payments Mobile 130

PYMNTS

OCTOBER 18, 2019

To roll out operations in the United States as it grows its supply chain business that links apparel brands with suppliers as well as factories, Singapore-based fashion technology firm Zilingo is designing a $100 million push. And it offers compliance services, auditing and predictive analytics to help firms quickly reply to trends. “We

Los Angeles 101

Los Angeles US United States Branding 101

PYMNTS

OCTOBER 5, 2016

Through the service itself, MobilePass users are able to initiate a transaction online, with the ability to use a mobile device, and then pay for the transactions in person at a MoneyGram location in the United States.

Training 189

Training Mobile United States Online 189

PYMNTS

JULY 15, 2019

In another example, in the Philippines, PayPal has integrated with the top banks to offer instant deposits (instant deposit and payout remains an overarching goal of the company), but cash pickup is available at banks and in malls with financial service retailers. The Challenges – and Scale Matters. business stand at $50,000. “We

Course 201

Course United States Marketing Examples 201

PYMNTS

FEBRUARY 5, 2020

If pre-season estimates were correct, this holiday season was worth $1 trillion in the United States alone. And even if it doesn’t quite make it over the trillion-dollar milestone, consumer spending will certainly get within striking distance – which attests to the fact that in the U.S.

Cards 143

Cards Millennials Regulation United States 143

PYMNTS

OCTOBER 30, 2018

Regionally speaking, the United States saw 9 percent growth year on year to $442 billion in gross dollar volume, while the rest of the world saw faster growth, at 15 percent to just over $1 trillion. The first phase is focused on helping corporations with the cumbersome process of compliance screening of new and existing suppliers.”.

Payments 179

Payments Community Regional United States 179

PYMNTS

SEPTEMBER 18, 2017

Consider a survey commissioned by payment, telecom and financial data solutions provider Transaction Network Services (TNS), which found that 85 percent of adults across the United States, the United Kingdom and Australia believe fraud attempts on debit and credit cards are on the upswing.

Security 152

Security Payments Survey Cards 152

CFPB Monitor

NOVEMBER 12, 2018

The settlement agreement requires Hudson Valley to pay $65,000 to compensate seven servicemembers whose vehicles were alleged to have been unlawfully repossessed and to pay a $30,000 civil penalty to the United States. It also requires Hudson Valley to provide SCRA compliance training to all of its collections and lending employees.

Guidelines 60

Guidelines United States New York Training 60

PYMNTS

JUNE 6, 2019

As McLain told PYMNTS, the greatest impact is likely to be felt by merchants that garner transactions running into the hundreds of euros — and thus retailers with higher-value transactions may see the most scrutiny and friction come September and beyond.

Fraud 180

Fraud Exercises Regulation Study 180

Payments Source

AUGUST 31, 2016

Approximately 37 million adults in the United States — a number roughly equivalent to the population of California — do not have a checking account. Some of those individuals have never relied on traditional banking.

United States 62

United States California Cards Regulation 62

PYMNTS

JANUARY 2, 2017

goods and services trade with China accounted for over $659 billion in value, according to the Office of the United States Trade Representative. While there’s a lot of work to be done in the compliance field, it is an exciting time to be kneading the two together, he added. In 2015 alone, the U.S. The result?

Payments 105

Payments blockchain San Francisco Compliance 105

PYMNTS

MARCH 8, 2019

No one likes Goliath,” Foran said, speaking at a UBS Global Consumer and Retail Conference. And Goliath got bigger this week, with major moves in healthcare (and minor moves in pet care) – though there was also the rare step back in its retail efforts. And it’s always fun being David. Everyone loves David.

Las Vegas 108

Las Vegas Retail Study United States 108

CFPB Monitor

FEBRUARY 8, 2016

In its complaint filed in the United States District Court for the Central District of California, the DOJ alleged that TMCC’s “policy“ was “not justified by legitimate business need that cannot reasonably be achieved as well by means that are less disparate in their impact on” such minority buyers.

Policies 60

Policies Company Compliance United States 60

Banking 2020

DECEMBER 4, 2014

The strategy used e-mails with language aimed at compliance officers, legal counsel, operational chiefs, etc. Sure, it’s easy to shrug at these escapades—in the past year there’s been a litany of massive data breaches at brand-name enterprises, from retailers and restaurants to financial services institutions.

Course 69

Course United States Compliance Security 69

Banking 2020

DECEMBER 4, 2014

The strategy used e-mails with language aimed at compliance officers, legal counsel, operational chiefs, etc. Sure, it’s easy to shrug at these escapades—in the past year there’s been a litany of massive data breaches at brand-name enterprises, from retailers and restaurants to financial services institutions.

Course 58

Course United States Compliance Security 58

PYMNTS

NOVEMBER 3, 2017

Celebrities who endorse an investment often do not have sufficient expertise to ensure that the investment is appropriate and in compliance with federal securities laws,” the SEC said. “If Consumer Confidence : Might happy holidays be in store for retailers? Maybe it never was. But, at least it is becoming more transparent.

social media 100

social media Google Apple Security 100

PYMNTS

JUNE 24, 2016

But Facebook got the jump on the news cycle this week with the big news that it was opening up Facebook Canvas for retailers and other marketers on the site, as opposed to just advertis e rs. So, providing retailers with a new storefront in an ecosystem of 1.5 billion people a month who visit it. The fizzle wears on. Costco Card.

Lending 101

Lending Online South Dakota North Dakota 101

CFPB Monitor

JUNE 15, 2020

In her public statement concerning the OCC’s final CRA rule, FDIC Chairman Jelena McWilliams appeared to indicate she did not want to add to state nonmember banks’ regulatory burdens during COVID-19 by adopting a final CRA rule at this time. Commenters found these standards unclear and inadequate.

Community 60

Community FDIC Lending Examples 60