PYMNTS

APRIL 30, 2019

A venure that would make it easier for consumers to pay for purchases in bitcoin is applying for a license from New York state regulators. “This structure will provide the first end-to-end regulated environment for price discovery of crypto — ? Suspension, Taxes and a Breach.

Bitcoin 134

Bitcoin Taxes New York Oklahoma 134

PYMNTS

SEPTEMBER 28, 2020

They also need to collect and verify vendors’ details to comply with anti-crime regulations, adhere to tax reporting requirements and deliver convenient digital payments to these suppliers. Corporate buyers that have gathered enough information on potential business partners then need to answer to regulators.

Data 166

Data Management Taxes Meeting 166

PYMNTS

MAY 19, 2020

The Security Service of Ukraine is reportedly holding a hacker for allegedly selling a database with 773 million email addresses and 21 million unique passwords, CoinDesk reported. Meanwhile, BlockFi suffered a “temporary data breach” on May 14 that exposed some customer information, the company reported in an incident report.

Bitcoin 148

Bitcoin cryptocurrency Taxes Security 148

BankBazaar

DECEMBER 12, 2023

While NPS is an investment that is linked to the market and is regulated by the Pension Fund Regulatory and Development Authority (PFRDA). lakh annually with tax breaks under Section 80C. This stability and tax efficiency appeal to risk-averse investors, evident in the current 7.1% return rate. PPF or NPS?

Taxes 78

Taxes National Marketing Regulation 78

PYMNTS

SEPTEMBER 12, 2019

billion — 91 percent — of those penalties, while European regulators demanded $1.7 FinTechs could face these same financial pains as regulators increasingly demand that they follow the compliance rules to which FIs must adhere. Financial Companies’ Security And Regulatory Obligations . A report found that the U.S.

Fraud 189

Fraud Fintech Compliance Regulation 189

PYMNTS

AUGUST 13, 2019

Securities and Exchange Commission is reportedly investigating a security breach at First American Financial Corporation that saw the exposure of upwards of 885 million financial records and personal files related to mortgages dating back to 2003. percent) of those files contain non-public personal information.

Data 116

Data Seattle Security Regulation 116

PYMNTS

JUNE 16, 2020

But Kellerman and other security experts advocated at the hearing for legislative measures, such as modernizing anti-money laundering (AML) and forfeiture rules and moving the Secret Service to the Treasury Department, to help combat the threat.

US 227

US Cyber Security Security National 227

PYMNTS

AUGUST 13, 2019

Securities and Exchange Commission is reportedly investigating a security breach at First American Financial Corporation that saw the exposure of upwards of 885 million financial records and personal files related to mortgages dating back to 2003. percent) of those files contain non-public personal information.

Data 109

Data Seattle Security Regulation 109

Abrigo

JANUARY 17, 2023

Takeaway 1 Many financial institutions used a customer portal for PPP, but once the program ended, went back to old manual processes, Takeaway 2 Automating lending provides a secure portal between the bank and customer and automated workflows that speed origination. The customer portal for requesting financials and tax returns.

Lending 195

Lending System Customer Experience Case Study 195

CFPB Monitor

JANUARY 9, 2020

The New York Department of Financial Services has sent a letter to the institutions that it regulates requiring each such institution, by February 7, 2020, to provide to DFS a description of its “plan to address its LIBOR cessation and transition risk.” (LIBOR is the acronym for the London Inter-Bank Offered Rate.).

Regulation 78

Regulation New York Management Taxes 78

Abrigo

SEPTEMBER 20, 2023

Given the current economic climate in the United States, it is essential to understand the effect personal financial security has on 1 st -party fraud. Regulators will be expecting this as they examine institutions for FinCEN priority preparedness. The scam here is an inside job, making it inherently more elusive.

Fraud 195

Fraud Trends Cards Software 195

PYMNTS

SEPTEMBER 16, 2020

PSD2 and open banking regulations were forged to accelerate competition in the financial services arena, and this week, a look at the latest initiatives reveals the opportunity for new market entrants to rival incumbents in the small business banking arena. Eedenbul Secures PSD2 License.

Taxes 141

Taxes Fintech Payments Security 141

PYMNTS

FEBRUARY 1, 2021

Automatically looping information across various financial platforms — including accounts payable (AP), accounts receivable (AR) and expenses — is critical to achieving a real-time view of cash positions and developing more accurate forecasts. Data integration is climbing to the top of chief financial officers' priority lists.

Strategy 247

Strategy Taxes Management Trends 247

PYMNTS

JANUARY 24, 2019

A server running an Elasticsearch database contained sensitive data from as far back as 2008 that included loan and mortgage agreements, repayment schedules and other financial and tax documents. The database, which is believed to have been exposed for two weeks, was discovered by independent security researcher Bob Diachenko.

Taxes 155

Taxes New York Security Data 155

PYMNTS

JANUARY 4, 2019

A New York State politician announced the creation of what he called the nation’s first cryptocurrency task force, to “study how to properly regulate, define and use” the currency, according to a Facebook post and reports. Cryptocurrency, however, is more than just an asset that stores value.

cryptocurrency 163

cryptocurrency New York New York City Study 163

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. 50 crores (about $7 million) will have to offer customers electronic payment modes like debit cards, powered by RuPay, according to a report by LiveMint. .

Cards 130

Cards blockchain Cyber Security Retail 130

PYMNTS

SEPTEMBER 14, 2018

Securities and Exchange Commission (SEC) claims that two high-frequency traders routed millions through Citi Match, while the firm allegedly told clients that they were not using the service, Financial Times reported. The company disclosed it “self-reported” the findings to regulators, as pertains to Regulation Z and the CARD Act.

United States 134

United States Taxes Regulation Cards 134

PYMNTS

MAY 12, 2016

office were facilitating tax evasion and money laundering. According to FT , no public or private action was taken against the bank by regulators after the information was disclosed. According to FT , no public or private action was taken against the bank by regulators after the information was disclosed.

Taxes 100

Taxes Fraud Regulation New York 100

PYMNTS

JANUARY 2, 2020

The largest accounting firms – EY, Deloitte, KPMG and PwC – are investing billions of dollars in artificial intelligence (AI) and data technology products to change the industry in new ways, according to a report by Bloomberg Tax. “Many of the routine jobs will go as areas such as invoice processing are automated.

Data 179

Data Training Technology Taxes 179

PYMNTS

SEPTEMBER 30, 2019

eCommerce sales tax laws are having unintended consequences in the tobacco industry. These laws were meant to make online sellers face sales tax requirements similar to those for retailers with on-the-ground locations, putting both types of businesses on equal footing. in 2017 had a 52.75

Retail 109

Retail Taxes Virginia South Dakota 109

PYMNTS

MARCH 14, 2018

“The same innovations that power crypto-assets can also help us regulate them,” said Christine Lagarde in an IMF blog post Tuesday, according to CoinDesk reports. Blockchain, on the other hand, has a potential to facilitate data exchange between regulators and relevant parties to combat this threat. In the U.S.,

blockchain 129

blockchain cryptocurrency Regulation Taxes 129

PYMNTS

MARCH 5, 2018

Securities and Exchange Commission issued scores of subpoenas and Requests for Information (RFIs) focused on initial coin offerings (ICOs). game have been drawing increased scrutiny from regulators … everyone from exchange operators to miners. has been somewhat, at least arguably, late to the ICO regulation game.

Bitcoin 123

Bitcoin cryptocurrency Regulation Course 123

PYMNTS

MARCH 12, 2018

Securities and Exchange Commission issued scores – the tallies varied depending on where you got the news, but The Wall Street Journal estimated “dozens” – of requests for information and subpoenas from companies who have dipped, or are dipping, corporate toes in the initial coin offerings pool. And yet: How and why to regulate?

Regulation 117

Regulation Security Course blockchain 117

PYMNTS

NOVEMBER 22, 2019

In today’s top payments news, ongoing security concerns have caused the Federal Reserve to take a closer look at the Big Tech firms that serve the banking industry. Big disruptive” information technologies can sometimes be “dangerous,” Obama said during a talk with Salesforce CEO Marc Benioff. And Former U.S. Former U.S.

South Dakota 101

South Dakota Apple Taxes Cards 101

PYMNTS

APRIL 3, 2020

There is a lot to consider, said Manish Vrishaketu, chief operating officer at supplier payments automation firm Tipalti , from vendor onboarding processes to tax compliance across borders. “Each bank has a different way of presenting information back to you,” he explained. A Payments Balancing Act.

Taxes 131

Taxes Compliance Payments Data 131

PYMNTS

DECEMBER 28, 2018

It has been a busy year for the world of bank regulations, particularly Know Your Customer (KYC). Financial services regulations are notorious for their complexity and ever-changing demands for financial institutions and corporates, but another fuel for development in the KYC space was the FinTech community.

Compliance 186

Compliance Regulation blockchain Taxes 186

PYMNTS

OCTOBER 29, 2019

Tax regulators in China granted approval for Tencent to lead an initiative aimed at developing international standards for invoices sent via blockchain-based platforms, reports said. According to reports, a recent report by asset management firm Guosheng Securities found that “as of Aug. Sweden, Brazil and Switzerland.

blockchain 101

blockchain Taxes Regulation Report 101

PYMNTS

SEPTEMBER 14, 2018

British Airways will likely be the first company cased under GDPR, and a fine may loom if regulators find the company did not have adequate security measures in place. Cryptos : Cryptocurrencies take it on the chin yet again, as multi-month lows tested amid the long arm the law — or at least regulators.

Fraud 139

Fraud cryptocurrency Bitcoin America 139

PYMNTS

JANUARY 4, 2019

That caution extends to all manner of considerations in the realm, including the issuance of a state-backed cryptocurrency, and even the regulation of the digital currencies. Securities and Exchange Commission, which is eyeing the digital currency landscape closely, and where regulations are likely to come through in 2019.

cryptocurrency 139

cryptocurrency Study National Course 139

PYMNTS

JULY 31, 2017

Regulators are reportedly inquiring about how a lawyer for wealthy customers of Wells Fargo came to access so large a trove of customer information. Regulators have reportedly informally reached out to the attorneys involved in the lawsuit underlying the release of information to figure out how the data breach happened.

Taxes 100

Taxes Data Security Report 100

PYMNTS

AUGUST 2, 2019

In other news, Brazil’s Tax Authority has announced that transactions involving cryptocurrencies must now be reported to the Department of Federal Revenue ( RFB ). In other news, Brazil’s Tax Authority has announced that transactions involving cryptocurrencies must now be reported to the Department of Federal Revenue ( RFB ).

blockchain 148

blockchain Fraud Data Report 148

Abrigo

DECEMBER 27, 2022

Ransomware is a form of malware targeting both human and technical weaknesses to access critical data and extort money in exchange for not sharing proprietary information. If the victim responds to the email or clicks on an embedded link, confidential account information could be leaked, or malware could infiltrate your company network.

Fraud 195

Fraud Trends cryptocurrency Software 195

PYMNTS

JANUARY 24, 2020

Government disbursements can range from child support payments and annual tax returns to pension and retirement fund payouts. The IRS has accepted digitally filed tax documents and issued digital refunds for years, and it received approximately 29 million electronic returns via direct deposit between February 2018 and February 2019.

Payments 130

Payments US Fraud Innovation 130

PYMNTS

JANUARY 22, 2020

India is on the verge of passing a data protection law in 2020 that, in some respects, mirrors – and may help inform – other initiatives around the globe. As for the mechanics: An “account aggregator” system is being created by banks, and will be regulated and licensed by the central bank. and Australia.

Data 141

Data Payments Regulation System 141

PYMNTS

MARCH 6, 2019

” Accounting strategies can not only boost transparency for regulators and visibility for a firm’s own leadership, but regulators say they can also promote security. Last October, the U.S. ” Meanwhile, previous research from Audit Analytics has also revealed that the number of accounting errors among the U.S.’s

Report 139

Report Leadership Regulation California 139

PYMNTS

JANUARY 22, 2020

India is on the verge of passing a data protection law in 2020 that, in some respects, mirrors – and may help inform – other initiatives around the globe. As for the mechanics: An “account aggregator” system is being created by banks, and will be regulated and licensed by the central bank. and Australia.

Data 132

Data Regulation System Taxes 132

PYMNTS

OCTOBER 18, 2019

The document explained that one benefit to launching its own crypto would be the ability of collecting more information on its citizens, which could then be shared with police or tax authorities. “We

cryptocurrency 102

cryptocurrency Taxes Compliance Regulation 102