PYMNTS

MARCH 27, 2020

While the advancement of open banking regulations may be seeing a small skip due to the spread of the coronavirus , many countries saw business and typical banking operations halted right after deciding upon new online privacy rules. Considering t he global nature of COVID-19, regulators outside of the U.S. Security .

Data 199

Data Retail US California 199

PYMNTS

AUGUST 18, 2019

The New York State Department of Financial Services (DFS) announced that it has granted a charter under New York Banking Law to Bakkt Trust to operate as a limited liability trust company. This approval demonstrates New York’s competitiveness as a hub of innovation and leadership in emerging technologies.”.

Bitcoin 165

Bitcoin New York United States Leadership 165

PYMNTS

JULY 12, 2018

New York’s Department of Financial Services is recommending that online lenders are subjected to the same scrutiny and regulations that traditional banks face. Cuomo on June 1, 2017, required DFS to study online lending in New York State and submit a report of its findings. A bill signed by Governor Andrew M.

Online 100

Online New York Lending Regulation 100

PYMNTS

AUGUST 8, 2018

New York City. News from the last several weeks, and recently from The New York Times , reports that city officials are inching toward a cap for Uber drivers — and not the ones worn atop heads. Innovation fosters growth, growth fosters innovation. If you can make it there, you’ll make it anywhere.

New York 101

New York New York City Regulation Industry 101

PYMNTS

JANUARY 15, 2019

Malaysia’s initial coin offering (ICO) regulations are said to take effect on Tuesday (January 15) per a notice from the Securities Commission (SC) in the country, Coindesk reported. At the same time, it was said that those who engage in digital asset dealing will have to follow rules for anti-money laundering (AML), among other regulations.

Bitcoin 108

Bitcoin Regulation New York Video 108

PYMNTS

SEPTEMBER 6, 2019

Legal marijuana may have a massive payments problem, but that’s not stopping retail innovation in perhaps the newest area of legitimate commerce in the U.S. Experts on dispensaries say such labeling is the only way to get around federal banking regulations. and Canada. Big Retail. Size also matters in this young industry.

Retail 121

Retail Innovation Colorado Payments 121

PYMNTS

MAY 6, 2019

The news came Thursday (May 2) that, per a ruling in federal court in New York, the State Department of Financial Services can move forward with a suit that looks to derail national bank charters for FinTech companies. It would allow banks to offer regulatory impact on innovations that include some tech-driven initiatives.

National 165

National Fintech New York Exercises 165

PYMNTS

JANUARY 22, 2021

The company worked alongside global aviation and communications regulators, devising ways “to safely fly a lighter-than-air vehicle for hundreds of days in the stratosphere to anywhere in the world,” Westgarth said. He added that Loon developed several important technologies that could possibly pave the way for future innovations.

New York 181

New York Regional Community Software 181

PYMNTS

SEPTEMBER 10, 2018

Long before innovators began talking about the power of ecosystems to transform commerce, scientists spent centuries studying them under microscopes in their labs. Decomposer for innovator large or small, established or emerging. Some spend much more in cities like Boston, New York and San Francisco. Fleets As The Fuel.

Innovation 146

Innovation Cards Payments San Francisco 146

Insights on Business

APRIL 2, 2019

Customers increasingly demand new payment options like real-time payments and P2P payments, underpinned by security and trust. The costs of running payments operations, complying with a myriad of regulations and enforcing payments standards are increasing. Progressive approach to payments modernization.

Payments 125

Payments New York City Fraud New York 125

PYMNTS

JULY 2, 2020

With the pandemic nudging businesses further into the digital payments realm, commercial card innovation is heating up to capitalize on the opportunity for adoption. ADP Eyes Payroll Card Adoption Jump. ScaleFactor’s Card Offering Nixed.

Cards 208

Cards New York Capital Compliance 208

PYMNTS

APRIL 24, 2019

Regulators want to have a greater stake in the way sharing platforms operate. Many of these regulators also now expect sharing and payment services to comply with shifting data regulations, like GDPR. A reclassification could lead to significant changes in how the mobile payment service can operate in the country.

Marketing 179

Marketing Regulation Case Study Security 179

PYMNTS

SEPTEMBER 15, 2016

Big news on the cybersecurity front and great news for the cybersecurity industry. New York Governor Andrew Cuomo and the top bank regulator for the state proposed on Tuesday (Sept. State regulation on the reporting of breaches is vague, and large organizations have tended not to report attacks.

New York 100

New York Regulation System Industry 100

PYMNTS

NOVEMBER 30, 2020

30) and would value the New York-headquartered startup at more than $1 billion, the sources said. Shopify teamed up with Kustomer in July to advance more efficient operations. Some fear that innovation could suffer if regulators come down on mergers and acquisitions.

New York 140

New York Software Capital Regulation 140

PYMNTS

DECEMBER 17, 2020

The startup will use the new funds to accelerate the company’s open banking strategy, enabling merchants to transparently and quickly process instant payments. New York subscription startup BarkBox is merging with the blank-check company Northern Star Acquisitions Corp. BarkBox To Go Public Via SPAC At $1.6 Billion Valuation.

Massachusetts 147

Massachusetts Bitcoin Payments System 147

PYMNTS

SEPTEMBER 18, 2018

In addition, the “digital sandbox” will, in part, focus on regulatory compliance and — as is typical of such testing environments — allow an operating license to be granted in the wake of a proven business model. While In New York, New York…. Open Banking, APIs In The UK.

Fintech 166

Fintech New York US National 166

Abrigo

JUNE 10, 2020

The former Chief Operational Risk Officer was fined for insufficient action on AML program deficiencies and staffing issues. The regulators don’t care what your budget is,” Luttrell says. Adequately staffed and risk-focused AML resources with good documentation are critical. The recent $450,000 fine of U.S. Get adequate resources.

Resources 195

Resources Regulation Compliance Policies 195

PYMNTS

NOVEMBER 16, 2020

continues to post an alarming increase in the number of new COVID-19 cases without word of any additional government stimulus. The accelerating cases are triggering further reductions in business operating hours and new commercial lockdowns. But a new PYMNTS study of 2,800 U.S. 13) after posting a strong profit.

US 143

US Payments New York Innovation 143

PYMNTS

OCTOBER 28, 2019

“Bakkt’s approach to secure technology, privacy and innovation means that we are an advocate for consumers who have yet to enter the digital asset space, and for merchants who want to accept new, efficient forms of payments without increasing risks,” said Mike Blandina, chief product officer at Bakkt.

New York 102

New York Bitcoin Google cryptocurrency 102

PYMNTS

JANUARY 28, 2019

Yes, I know that for many of you, especially in California, this is old news and standard operating procedure – but hear me out. The card networks left it up to the states to decide whether or not to allow its operating merchants to do so. And then regulators are forced to backtrack. Innovation by Any Other Name.

Regulation 181

Regulation Boston Cards Innovation 181

Cisco

DECEMBER 13, 2022

There is pressure from shareholders, consumers, employees, and regulators for organizations to move towards a more sustainable future, and to set ambitious greenhouse gas (GHG) emissions reduction goals. Many FIs are developing sustainability strategies which rely significantly on technology for operational transformation.

Industry 144

Industry San Jose New York City Resources 144

PYMNTS

SEPTEMBER 26, 2018

Ether, for instance, seems to have dropped in value, just as many organizations that had previously raised funds in Ether via ICO “cash out” so as to finance their operations and pay for expenses, Bloomberg said. This week, U.S. ICO market.” ” The ICO can undoubtedly be a lucrative source of funding for companies.

Management 164

Management cryptocurrency blockchain Regulation 164

PYMNTS

JANUARY 3, 2020

In a way, the practice of payments — payments itself — is moving from the high minor leagues to the majors, and to the New York Yankees at that. Payments, of course, have always been important, but the new decade promises to be something else entirely. But in fairness, it’s going to be a big one, at least from all the signs.

Payments 209

Payments Innovation Maine Compliance 209

PYMNTS

MARCH 17, 2020

Many municipalities are looking to help by proposing new uses for vacant retail sites, including a citywide initiative in Fairfax, Virginia called Activate Fairfax , where the Department of Economic Initiative is soliciting requests for interest in an abandoned Container Store location. and San Francisco.

Retail 135

Retail Arlington San Francisco Milwaukee 135

PYMNTS

MARCH 22, 2019

“You will be responsible for drafting and negotiating a wide variety of contracts related our blockchain initiatives, including partnerships needed to launch new products and expand such products internationally. The candidate should be able to “manage numerous deals,” as well as have a J.D. degree and membership in at least one U.S.

blockchain 149

blockchain Bitcoin New York cryptocurrency 149

PYMNTS

JUNE 13, 2019

PYMNTS recently caught up with Joseph Sieczkowski, head of technology architecture and data at The Bank of New York Mellon Corporation (BNY Mellon), to discuss how the financial institution (FI) is using learning technologies and sophisticated algorithms to screen transactions and help detect bad actors. It helps.”.

Fraud 128

Fraud Analytics New Jersey Data 128

PYMNTS

JANUARY 22, 2020

Below, PYMNTS examines the latest in commercial card innovation, regulation and disruption. The state of New York’s Department of Labor (DOL) recently secured a legal victory in its efforts to establish payroll card regulations, designed to protect workers from excessive fees.

Cards 131

Cards New York Lending Strategy 131

PYMNTS

MAY 6, 2019

Yet, healthcare is also an intensely regulated space, which means there are many challenges in how to move, store and secure data that — by statute — must remain private. Take something like facial recognition technology — China has made “huge progress,” but that is an outcome of having far fewer regulations around consumer privacy.

Regulation 198

Regulation Data Examples New York 198

PYMNTS

MAY 15, 2019

The value of taxi medallions , or permits to operate taxis, dropped drastically, and lenders that served the industry struggled to stay afloat. Taxis offered professional drivers an established service model and compliance with strict regulations, but consumers still flocked to Uber for its convenience and seamless payments.

New York City 100

New York City New York Mobile Industry 100

PYMNTS

SEPTEMBER 29, 2017

Through the EU’s passporting system, the new license enables PingPong to operate throughout the continent, thus better facilitating eCommerce transactions between China and Europe through PingPong’s cross-border eCommerce payments services. PingPong is yet another innovative FinTech player that chose Luxembourg as its EU hub.

Security 129

Security Payments Fintech United States 129

PYMNTS

MAY 13, 2016

But the term “bitcoin” is always what made this story light up the mainstream news headlines. Because he believes there should be proper protection and regulation over them. How Bill Clinton’s administration dealt with the Internet in order to ensure it was not over-regulated. So, why digital currencies?

Bitcoin 100

Bitcoin blockchain Regulation Operations 100

Jeff For Banks

APRIL 27, 2023

Problems regarding regulation, risk, operations, and customer needs. Fintech is not something new, as I frequently cite when telling people I produced microfiche in the basement of my first bank. One of the speakers at Finovate Spring is Charles Potts , Chief Innovation Officer at ICBA. Yes, let's start with strategy.

Financial Technology 78

Financial Technology Strategy Fintech New York 78

Independent Banker

MARCH 31, 2022

Lucas White: We need to continue to differentiate community banks and educate policymakers on why tiered and proportionate regulation is necessary. We need to make sure people remember that and have it reflected in laws and regulations that affect our industry. Bank Operations and Payments chair Alice P.

Community Bank 239

Community Bank Community Industry Texas 239

PYMNTS

OCTOBER 14, 2019

So went the narrative, which formed the central thesis of a study about the regulated taxi industry in the City of San Francisco, which was presented to then-mayor of San Francisco and now Governor of California Gavin Newsom.

San Francisco 178

San Francisco New York Study Industry 178

Bobsguide

MARCH 28, 2022

Dubai, UAE, London, UK, New York, US – March 28, 2022 – Finastra today published a market assessment report: ‘Banking as a Service: Outlook 2022 | Paving the way for Embedded Finance’. Key findings include: • More than 80% of regulated financial services providers expect the overall BaaS market to grow.

Innovation 60

Innovation Lending social media Retail 60

PYMNTS

JANUARY 6, 2020

6) when news emerged, as covered by PYMNTS , that food software startup Olo, named after the phrase “online ordering,” could potentially file an initial public offering (IPO) in 2020. The company, which is based in New York, could be seeking a $1 billion valuation. That question was put under the spotlight on Monday (Jan.

Online 130

Online Trends New York Branding 130

PYMNTS

OCTOBER 14, 2017

We have come to spread the goods news of the latest financial services innovation. Regulators from Canada, China, Singapore and Russia have had similar realizations and are banning ICOs in order to protect investors. However, we have not come to bum you out on a Saturday. Quite the contrary. No, we’re not kidding.

cryptocurrency 148

cryptocurrency North Carolina blockchain ATM 148