PYMNTS

MAY 9, 2017

Short for the Revised Payment Service Directive, PSD2 lifts banks’ total claim on customer account data and payment activities. But controversy surrounds the fact that banks shall be able to deny this by offering instead a proprietary API to their platforms for data sharing.

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Data Security social media Innovation 135

South State Correspondent

MAY 13, 2024

The major themes of fraud, artificial intelligence (AI), expansion of instant payments, open banking, and regulation were particularly relevant to your roles as executives, risk managers, compliance officers, and technology leaders. Unfortunately, most banks don’t gather fraud data across payment channels or track “pre-crime events.”

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PYMNTS

SEPTEMBER 16, 2019

On the Continent — and Taxes in Sight. Google’s own regulatory and tax issues extend well beyond domestic markets. As has been reported, larger tech firms, with international presence, have been under examination for allegedly paying less tax than is owed in certain countries in which they do business.

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social media Google Taxes Arkansas 122

PYMNTS

JULY 26, 2019

The Internal Revenue Service (IRS) is going to send letters to about 10,000 cryptocurrency holders warning them about the penalties they will face if they don’t report their income or pay taxes on the transactions, according to a report by The Wall Street Journal. Taxpayers should take these letters very seriously. at the World Bank.

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Taxes social media cryptocurrency Washington 128

PYMNTS

MAY 29, 2018

The latest episode had French President Emmanuel Macron telling executives from major technology companies — including Facebook, Microsoft, Intel and IBM — that innovation needs to be accompanied by tough regulations and societal contributions. “I technological might when it comes to social media, eCommerce and the digital world.

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social media US Regulation United States 100

Independent Banker

MARCH 31, 2022

Derek Williams: My biggest concern is the Consumer Financial Protection Bureau’s (CFPB) Small Business Data Collection rule and its potential negative impact on our ability to meet legitimate small business borrowing needs, including additional costs and privacy issues. We are not Wall Street banks—we are community banks.

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PYMNTS

DECEMBER 21, 2016

T-shirts may seem like a simple product, but according to Spreadshirt, there is a ton of hard data and analytics at the core of even the softest shirt. Germany- and Boston-based Spreadshirt uses data, analytics and even social media information to build a product and spread news among communities while printing more than 3.6

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South State Correspondent

MARCH 15, 2023

8) Deposit Impact of Social Media: SVB’s customer base and followers were highly active on Twitter and other social media properties. The more active your customer base and “friends of the bank” are on social media, the shorter you can expect your deposit duration when sentiment turns negative.

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PYMNTS

NOVEMBER 22, 2019

People don’t know what’s true and what’s not, and what to believe,” he noted, adding that instead of uniting people, technology — like social media — is “splintering” them. The probe would concentrate on tech firms that provide financial institutions (FIs) with data storage. Goldman CEO Denies Claims Of Apple Card Credit Biases.

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PYMNTS

SEPTEMBER 20, 2018

European regulators this week continued to show their love, respect and admiration for U.S.-based Assuming that caught your attention, here’s the real story: It’s shaping up as a busy week for regulators in Europe (including Turkey, which for purposes of this article, qualifies as Europe). The problem?

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PYMNTS

JANUARY 9, 2019

Facebook is facing accusations from Vietnam that the social media giant did not remove content that it said was “slanderous,” reported Financial Times. Citing a briefing in Hanoi, Vietnam on Tuesday (Jan. Citing a briefing in Hanoi, Vietnam on Tuesday (Jan.

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PYMNTS

JUNE 25, 2018

Not only is regulatory oversight on the rise, but social media has emerged as a strong watchdog, too, keeping financial institutions (FIs) mindful of unchartered territory, where risks to reputation and revenues abound. Mitchell told PYMNTS that one headwind comes from collecting data and presenting it in the right format.

Risk Management 167

Risk Management Strategy Management Compliance 167

PYMNTS

APRIL 19, 2019

That’s because Strong Customer Authentication (SCA) is on the way in September, but as has been seen with other sweeping changes mandated by regulators and impacting the very way payments are made, lots of folks are not paying attention. The economy is growing, and tax refunds may have also helped boost spend. Retail Sales: Rally 1.6

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social media Online Regulation Taxes 125

PYMNTS

MAY 3, 2016

Now is a critical time for small businesses as the country anticipates a change in leadership and new opportunities and challenges, such as market dynamics and new regulations and tax laws, which can have a significant impact on business results,” stated Capital One Head of Small Business Banking Keri Gohman in announcing the results of the report.

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South State Correspondent

JUNE 13, 2022

In this age of social media, global interconnectedness, and market volatility, banks can be one tweet torrent away from a lightning-fast onset of risk. One morning, President Trump tweeted his desire for an additional tax on all foreign-owned companies operating in the US. Some risks occur slowly; others strike quickly and hard.

Risk Management 195

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South State Correspondent

OCTOBER 20, 2022

Usually, speeding up technology comes down to intelligent design around a thoughtful process and using existing or third-party data to limit input time. Data and artificial intelligence are now coming to the rescue at banks. By mining customer interaction data, bankers can understand the relationship between various issues.

Policies 195

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Lex Sokolin

AUGUST 5, 2019

Capital One recently suffered a data breach resulting from poor security practices that exposed 100 million credit card applications and accounts. But let’s get some macro data out there, before thinking more deeply about the issue. Identity and data, and in particular financial identity and data, are valuable.

Data 40

Data Security System US 40

Lex Sokolin

AUGUST 5, 2019

Capital One recently suffered a data breach resulting from poor security practices that exposed 100 million credit card applications and accounts. But let’s get some macro data out there, before thinking more deeply about the issue. Identity and data, and in particular financial identity and data, are valuable.

Data 40

Data Security System US 40

PYMNTS

MAY 10, 2017

It was still three months before I could get a proper Norwegian bank account because I was temporary tax member. Being unable to prove who you are is a big problem for anyone, anywhere on Earth looking to secure any kind of bank account, since global regulators all more or less agree that one has to know their customer. What’s Next.

blockchain 155

blockchain System social media Mobile 155

NCR

DECEMBER 18, 2015

MyBank is rolling out an identity verification scheme that points to a possible future for banks performing a wider role as trusted sources of data. MyBank lets customers make online payments directly through their bank account, which means they do not send payment details or personal data to any third parties.

Data 40

Data social media Online Security 40

PYMNTS

DECEMBER 2, 2016

The latest US personal consumption data sizzled. Want tax cuts? consumer’s resilience has proven to be nothing short of heroic, with the latest data showing month on month gains (on top of month on month gains), with levels not seen in a few years. You’ve got a Treasury secretary coming in who wants them too, big league.

Retail 100

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PYMNTS

APRIL 16, 2018

That putting what is now the inevitable regulatory screws to social media platforms will impose unwieldly compliance costs on every player, making it harder for new players to emerge and scale, and thereby strengthening Facebook’s position. And, most important perhaps, what data is — or isn’t — needed to close the loop on that intent.

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Google Data social media Branding 121

PYMNTS

SEPTEMBER 3, 2019

In Japan, the Fair Trade Commission said last week that it has draft guidelines in place that would promote tighter regulation of larger tech firms. The guidelines would address concerns over customer data and would impact companies such as Facebook, Apple and Amazon, among others. Taxes, Too. Libra in the Crosshairs.

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Guidelines Regulation Taxes United States 116

Vitalik Buterin

APRIL 20, 2018

Harberger taxes can essentially replace eminent domain ), and given that blockchains lack access to trusted human-controlled courts, these kinds of solutions may prove to be be even more ideal for blockchain-based markets than they are for “real life”. Harberger taxes. the highest bidder). and I would accept.

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Marketing Taxes blockchain System 76

PYMNTS

SEPTEMBER 21, 2020

Regulations . EU Regulators Plan New Rules For Big Tech . European Union watchdogs intend to gear new regulations aimed at fighting election-related disinformation toward Big Tech firms such as Apple and Facebook as opposed to smaller tech players. India Telecom Watchdog Decides To Not Regulate OTTs .

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Google Taxes Compliance Regulation 147

PYMNTS

NOVEMBER 30, 2020

million) financial penalty to Facebook and has pursued a criminal probe for allegedly sharing the personal data of users with other operators in the absence of permission, Reuters reported. “We The agency penalized the firm after an investigation determined that the personal data of a minimum of 3.3 billion won ($6.06

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Taxes Chicago Compliance Apple 130

PYMNTS

DECEMBER 14, 2020

The Commission Nationale de l’Informatique et des Libertés (CNIL), the French data protection watchdog, has hit Amazon and Google with significant financial penalties for allegedly contravening regulations on the digital advertising trackers known as “cookies,” CNBC reported. Amazon was told to pay 35 million euros (approximately $42.5

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Google social media Compliance Regulation 132

PYMNTS

FEBRUARY 19, 2020

The European Commission is planning a single European market for data, in hopes that by pooling talent, the region can compete with Big Tech in Silicon Valley and China, Reuters reported on Tuesday (Feb. The battle for industrial data starts now and Europe will be the main battlefield. and Asian competitors.

Policies 151

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PYMNTS

AUGUST 5, 2016

Visa also announced that it had extended the real-time, ubiquitous capability to other disbursement types as well including insurance claims, contractor payments, tax refunds and even merchant account real-time funds settlement. Unencrypted POS Data. What would is encrypting data at the POS. What Went So Wrong.

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Bitcoin Payments Samsung social media 100

Gonzobanker

DECEMBER 20, 2018

Robinhood backtracked after the initial announcement, but only so it can work with regulators and refine its pitch. Ernie Chan had a spot left for a sponsor panelist on an “edgeworthy” alternative data panel at Quant World Canada. Goes to a Mondo bank customer who’s just a little too excited to share on social media.

Fintech 101

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Gonzobanker

DECEMBER 19, 2017

Heavy-handed regulators. Endless CRM and data management projects that shook our foundations and gutted our PMOs. The Gonzo team understands the value of well-designed regulations and standards, and we too despise the “gotcha” behavior of Wells Fargo and other players who institutionalize manipulating the consumer.

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CB Insights

OCTOBER 29, 2018

acquisition of Autonomy, a European data analytics company. In October 2009, one of Danger’s data centers, which hosted personal customer data, suffered a catastrophic failure that took them two months to recover from. HP and Autonomy. Date: October 2011. Price: $11.1B. At that point, though, some critical mistakes were made.

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Google Software Innovation Company 76

PYMNTS

AUGUST 26, 2019

Will Big Tech face bigger tax bills on an international stage? Beyond the debates on data privacy and compliance, marquee names in technology face greater scrutiny from various governments, and perhaps bigger tax bills, too. As reported, the tax imposed could be as much as 20 percent on social media and search ads.

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Taxes social media Google Course 118

PYMNTS

MARCH 18, 2019

It’s been a whirlwind few weeks — OK, make that months — for big tech firms as regulators look ever more closely at business tactics. They already have taken a hard look at their types of data and how they collect, store, and use it,” Rader said. Competitive Landscape: Breakups Mulled?

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Regulation social media Google Taxes 159

PYMNTS

DECEMBER 10, 2019

In India, the Personal Data Protection Bill is making headway. The legislation, which seeks to protect sensitive data, has gotten approval from the union cabinet that is helmed by Prime Minister Narendra Modi. That can include financial data, information on gender, government identifiers and biometric data.

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Data Taxes social media Google 131

PYMNTS

MARCH 27, 2019

Much has been said about how Europe is shaping up to be ground zero for seismic changes in Big Tech, as regulators are, have been and will continue to impose mandates on what can and cannot be used in terms of consumer data. That’s up eight percentage points from a year ago, according to the data. However, in the U.S.,

Regulation 108

Regulation Study Google Taxes 108

PYMNTS

MAY 28, 2020

Giant tech companies are seeking deals at their fastest pace in years, fueled by COVID-19 despite an increase in scrutiny by regulators. have made 19 deals so far this year, according to Refinitiv, the London-based global provider of financial market data. The Financial Times reported Google, Amazon.com, Apple Inc.

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