PYMNTS

DECEMBER 7, 2020

UK Regulations to Create New Digital Markets Unit. antitrust regulators are creating a Digital Markets Unit that will be given the duty to enforce rules applicable to Big Tech firms. Millions of people share creative content or advertise their small business’ goods online,” the British government said in a press release.

Apple 143

Apple Regulation Taxes Marketing 143

PYMNTS

JULY 22, 2019

But, Atassi said, Latin America is also a challenging region to take on as a whole because nation-by-nation and vertical-by-vertical, the situation on the ground can vary quite widely in terms of infrastructure, consumer interest and regulatory prerogatives. Opportunity, he noted, abounds. Meeting A Dynamic Market .

Innovation 161

Innovation Payments Regional America 161

PYMNTS

FEBRUARY 26, 2019

Caesars Entertainment announced that it has reached an agreement to offer DraftKings , the leading sports-tech entertainment brand in the country, providing market access for its online gaming products. and international sports, pursuant to state rules and regulations. and Australia.

Online 108

Online Mississippi New Jersey Boston 108

PYMNTS

OCTOBER 14, 2019

Between $800 billion and $2 trillion USD is laundered each year, according to the United Nations Office on Drugs and Crime, and fraudsters undoubtedly hope to raise those amounts. AML and the problem of innovation. Starting an innovation battle can be more difficult than expected for banks, in part because of how U.S.

Strategy 109

Strategy Fraud Innovation Regulation 109

PYMNTS

JULY 20, 2017

Keith Noreika, the temporary head of the Office of Comptroller since May, is defending an idea that first came up under his predecessor Tom Curry: offering online lenders and FinTech startups banking charters. The OCC has been critiqued pretty heavily by state regulators since the proposal first surfaced a year ago.

Online 100

Online Regulation United States National 100

PYMNTS

JUNE 10, 2020

These reasons are driving a surge of interest in and use of remote online notarization (RON) services, according to James Schlimmer , managing partner of Naples, Florida-based notary firm Cottrell Title & Escrow. The state legislature adopted such regulations in late 2019, permitting these services for use beginning in January 2020.

Online 131

Online Florida Meeting Regulation 131

PYMNTS

AUGUST 7, 2019

Automotive sales are increasing going digital — and more consumers are buying more used products of all types online. Online Auto Sales. The deal is not the only recent news involving the online retail sales of automobiles. Amidst all this, the sale of other used goods online continues to gain popularity. Retail Waste.

Online 112

Online Retail Trends New York 112

Bank Innovation

AUGUST 18, 2016

Apple and three of Australia’s Big Four banks are fighting about mobile payments — and both sides are appealing to regulators for help. National Australia Bank, Commonwealth Bank of Australia and Westpac have united to fight the Cupertino, Calif.-based based giant — which is bigger than all of them combined.

Apple 150

Apple Regulation National Mobile 150

PYMNTS

JUNE 10, 2016

As a general rule, most startups aren’t too happy when the regulator comes around, and it is rarely indicative of good news. And while that is bad news for a startup like Uber, as it turns out, instinctive fear of the regulator is not an endemic condition among startups. Kennedy School of Government.

Regulation 100

Regulation National Austin Fintech 100

PYMNTS

OCTOBER 21, 2020

In an interview with Karen Webster, the European Banking Federation’s ( EBF ) Alexandra Maniati , Director of Cybersecurity & Innovation, said the European banking industry is, increasingly, embracing the cloud to pivot to new financial services and products across the Continent.

Data 317

Data Regulation National Examples 317

PYMNTS

FEBRUARY 25, 2020

The country’s recent cybersecurity and Open Banking developments have thus been the subjects of extensive scrutiny among its own regulators, as well as among cyber and financial experts around the world. These differences will become critical as the finance world grows smaller, thanks to online and Open Banking. and the U.S.

Regulation 140

Regulation Compliance Online Data 140

PYMNTS

FEBRUARY 6, 2020

Lauren Saunders, who serves as associate director of the National Consumer Law Center, said state-regulated lenders “lauder their loans up to 160 percent annual percentage rates through banks in order to evade state interest rate caps. These schemes are spreading across the country and are starting to explode.”. The Rent-a-Bank Scheme.

Utah 130

Utah National California Regulation 130

PYMNTS

SEPTEMBER 20, 2020

If the European Union (EU) gets its way, the 27-nation bloc will have the power to split or force the sale of giant technology companies that threaten smaller rivals and their customers. Breton said regulators in Brussels are preparing a list of activities that tech companies would be required to eliminate.

Compliance 175

Compliance Regulation System Taxes 175

PYMNTS

FEBRUARY 24, 2020

The country’s government and regulators are keeping pace with those in the European Union and the U.S. as they upgrade their online data and financial rules to support global digital banking innovations. Confronting the Chinese Privacy Myth . In China, there is [an] ever-shifting gray line,” Chorzempa said. he remarked.

Regulation 160

Regulation Policies Data Compliance 160

PYMNTS

OCTOBER 11, 2019

Financial institutions (FIs) worldwide are innovating their AML strategies to protect against similar events, but the process requires more than simply adding security to their online platforms. AML Strategies and Innovation Quirks. Such profiles ensure FIs comply with current regulations and AML standards.

Strategy 123

Strategy Innovation Fraud Security 123

CFPB Monitor

MARCH 15, 2022

The rules provide that a loan made by a national bank, federal savings association, or federally-insured state-chartered bank that is permissible under applicable federal law (Section 85 of the National Bank Act (NBA) or Section 27 of the Federal Deposit Insurance Act (FDIA)) is not affected by the sale, assignment, or other transfer of the loan.

California 78

California Innovation Utah West Virginia 78

PYMNTS

DECEMBER 7, 2020

In today’s top payments news around the world, Revolut has debuted an acquiring solution for its Revolut Business starter pack, while online shopping website JD.com is taking digital yuan. Plus, the European Union (EU) is looking to implement a two-tier system of legislation with its Digital Services Act. The product will have a 1.3

Payments 130

Payments cryptocurrency Cards System 130

PYMNTS

JANUARY 6, 2020

The nation has watched many European countries go through this process over the past year, so impacts on its financial ecosystem are at least expected if firms have not yet experienced them. Turkish regulators and government officials spent less time deliberating whether they wanted to implement PSD2 and more considering how to integrate it.

Regulation 131

Regulation Industry Data Regional 131

Bank Innovation

MARCH 30, 2018

Judo, which is run by former head of National Australia Bank’s business sector Joseph Healy, has also applied for a full banking license with the Australian Prudential Regulation Authority, Healy […].

Capital 199

Capital National Regulation Online 199

PYMNTS

SEPTEMBER 16, 2019

has not implemented regulations like GDPR or SCA, but there has been a groundswell of interest, at least from the private sector. to come up with a national privacy law were stymied. Online merchants could collectively lose approximately $57 billion in 2020 due to SCA adjustments, under current levels of preparedness.

Compliance 130

Compliance Guidelines Regulation National 130

PYMNTS

FEBRUARY 15, 2019

The costs of using some cards is going on the incline, as news is breaking that the nation’s two largest card networks, Visa and Mastercard, are preparing to up the fees charged to merchants to accept network-branded cards. The change will go into effect in early April, according to reports from The Wall Street Journal.

Cards 224

Cards Course Security Fraud 224

FICO

DECEMBER 13, 2019

The most prominent villain for fintech companies is regulation. And so it’s easy to see why a fintech company — believing fully in the virtue of its mission and faced with a litany of illogical and intractable regulations — might just say "F*ck it, we're doing it anyways." and China). A Prediction for the 2020s. Brand protection.

Regulation 52

Regulation Fintech Lending Branding 52

PYMNTS

AUGUST 24, 2019

As new PYMNTS research documents, over the past year, 18 Major League Baseball (MLB), National Basketball Association (NBA), National Football League (NFL) and Major League Soccer (MLS) arenas have deployed biometric solutions by CLEAR. Not only that, but over the next decade, some 90 percent of sports bets will be made online.

Payments 161

Payments social media Mobile Seattle 161

Perficient

JULY 11, 2022

When online shopping, if a retailer has a partnership with a BNPL platform, the customer can choose it as their payment method when placing their order at checkout. Consumer advocate groups and regulators have also brought forth concerns about the ramifications of BNPL existing outside of the normal credit-reporting system.

Fintech 474

Fintech Trends South Dakota Apple 474

PYMNTS

DECEMBER 18, 2018

As well, the form has a long history of transmitting national values and providing cultural, political and even economic education — one need only dig deep into the comic scene during World War II to understand that. We hope this comic book helps illustrate the importance of regulations and compliance professionals around the globe.”.

Compliance 152

Compliance Fraud Security Course 152

PYMNTS

SEPTEMBER 18, 2018

The nation is forming a Direct FAST industry group, where the members will include traditional financial institutions (FIs), FinTech firms and the Monetary Authority of Singapore (MAS). The movement to open that FinTech access, said the minister, brings “greater convenience to consumers” as those individuals use their eWallets.

Fintech 166

Fintech New York US National 166

Independent Banker

JULY 31, 2022

Locality Bank, a digital-first community bank serving south Florida that opened in January, is run by industry veterans with such successful track records that regulators signed off on their application for a charter in less than a year. That’s no small feat for any de novo, especially during a pandemic. Keith Costello, Locality Bank. “We

Florida 91

Florida Community Bank Community FDIC 91

Abrigo

NOVEMBER 17, 2023

As overseers tighten the leash with stringent regulations aimed at protecting consumers, the cost of compliance grows. The Financial Crimes Enforcement Network (FinCEN) has listed fraud and cybercrime as two of their National AML/CFT Priorities. It is a critical aspect of maintaining the integrity and sustainability of the U.S.

Fraud 195

Fraud Training Trends Compliance 195

PYMNTS

JULY 17, 2019

There are billions of individuals online, trillions of dollars in commerce exchanged digitally, and a myriad of approaches to online verification. National efforts to issue digital IDs to everyone may be hallmarks of China and India. Europe’s General Data Protection Regulation springs to mind.). The Big Tech Effect.

Course 185

Course Regional Policies Data 185

Gonzobanker

MARCH 21, 2024

The Small Business Credit Crisis If you search online for “small business challenges,” the list that Google returns is nearly endless. When amending Regulation B of the Equal Credit Opportunity Act, the CFPB wrote: “There is limited data on small businesses’ access to credit. Business case.

Lending 78

Lending How To Capital Data 78

South State Correspondent

OCTOBER 28, 2022

cyber, infrastructure, and regulation. AI, payments, data, and other aspects of innovation are dropping behind the scenes. Instead of shopping online and scrolling through a catalog of products, consumers would like to see something on Reels or Tik Tok and buy there. Big Idea – Blurred Lines Between Online and Offline.

Conference 195

Conference Technology Las Vegas Trends 195

PYMNTS

OCTOBER 16, 2019

Between $800 billion and $2 trillion USD is laundered each year, according to the United Nations Office on Drugs and Crime. A majority (57 percent) believe that more sharing of information between regulators and industry would be the change that would have the greatest impact on improving global AML efforts. Challenges and Solutions.

Compliance 123

Compliance Fraud Study Digital Banking 123

PYMNTS

APRIL 25, 2017

TechCrunch said the fight between states and the OCC centers on a proposal made by the OCC in December, in which it details a program that enables FinTechs to apply for charters to become special purpose national banks. Some are concerned the OCC is hurting innovation, while others think it’s overstepping its limits.

Fintech 109

Fintech Ohio Florida Oregon 109

PYMNTS

DECEMBER 14, 2018

Throughout the year, that prediction has manifested into reality, as more traditional financial institutions (FIs) turn toward FinTech innovators to address the biggest pain points of the legacy correspondent banking system. “This means the client gets simple access to the financial services they need through one provider.”

Fintech 192

Fintech Payments Innovation Regulation 192

PYMNTS

AUGUST 3, 2020

All of this, unfortunately, is likely to make the lawmakers even more eager to regulate or break up Big Tech — or both. Some need to be broken up; all need to be properly regulated and held accountable. So do innovators with new tech and big ideas to help improve the experience. times the entire market cap of American Express.

Apple 234

Apple Google Online Maine 234

PYMNTS

JULY 17, 2018

The credit union (CU) market has long argued that rules intended for larger, more traditional banks have unjustly been applied to their industry, stifling their growth and pace of innovation. However, recent changes in regulations could open new doors for the credit union market to more efficiently serve its members.

Hawaii 100

Hawaii Marketing Report Texas 100

PYMNTS

JUNE 19, 2018

The time for “wait and see” is running out when it comes to new European privacy regulations. Soon enough, the financial and consumer impacts of the General Data Protection Regulation (GDPR) will become clear enough that companies that took a laggard’s approach may start to feel significant pain.

Regulation 101

Regulation eBook social media Case Study 101