PYMNTS

JANUARY 11, 2021

Although blockchain technology and Bitcoin, its best-known inhabitant, have been around for 10 years, the world is just now entering a seismic transition from holding account-based assets to a system that uses token-based digital assets. Hamstringing American Innovation. This is a really seismic shift.”. Evolution Happens.

blockchain 193

blockchain Bitcoin Regulation System 193

PYMNTS

AUGUST 3, 2018

For much of the world, electronic invoicing is taking off — not only for the benefits it offers, like enhanced cash flow visibility, but largely because jurisdictions are implementing eInvoicing regulatory requirements to crack down on tax evasion. Europe and Australia, too, have eInvoicing mandates in place. While the U.S.

Regulation 101

Regulation Data America Payments 101

PYMNTS

MARCH 26, 2018

The rise of RegTech is not by chance: There is an undeniable link between regulatory changes and technological innovation, and that link has a profound impact on FinTech and the financial services market. Europe is an epicenter for both regulatory shifts and FinTech innovation. Tax fraud is a massive threat of corporates.

Taxes 102

Taxes Fraud Compliance Regulation 102

PYMNTS

JANUARY 16, 2019

The CBA said it will look to include smaller and mid-sized banks on the platform, with eventual additions of tax agencies and customs activities to the platform. Separately, the South Korean government has been eyeing tax breaks for blockchain in a move that looks to bring innovation to the region.

blockchain 206

blockchain Taxes Security Survey 206

PYMNTS

APRIL 2, 2019

. “We are finally seeing funds being poured back into innovative tech that can help self-employed people and small business owners with their finances,” said Coconut CEO and Co-Founder Sam O’Connor in a statement. ”

Taxes 129

Taxes Metro Tools Regulation 129

Bank Innovation

MAY 11, 2017

Banking licences protect banks when it comes to deposits business because it’s of systemic import but why should it give them an unfair advantage anywhere else right? In many ways it’s the most avant garde financial regulation of our time whilst also extending a long middle finger to our American cousins. It’s both.

Regulation 252

Regulation Regional Apple America 252

PYMNTS

JANUARY 7, 2020

The financial center operates with its own legal, regulatory and tax infrastructure and traces its roots back to 2005. As reported by the Gulf Times , the Qatar Central Bank adopted new regulations in December that focus on combating money laundering and terrorist financing.

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cryptocurrency Bitcoin blockchain Course 132

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 ). He added that it will become the first government agency run on a blockchain-based system and artificial intelligence.

blockchain 148

blockchain Fraud Data Report 148

PYMNTS

OCTOBER 18, 2019

Samsung SDS will reportedly launch a blockchain-based medical claims processing system this month. According to CoinDesk , the new system will link all hospitals, pharmacies, insurers and other companies in the sector. dollar-backed digital currencies for the payment of government taxes, fees and services.

blockchain 101

blockchain Samsung Bitcoin Innovation 101

PYMNTS

FEBRUARY 21, 2018

Singapore stepped onto the global stage as a world leader in blockchain innovation in recent months. What happened at PNB was the result of numerous systemic failures to detect simple human malfeasance,” said MonetaGo founder and CEO Jesse Chenard in an interview with the Economic Times of India. Saudi Arabia.

blockchain 130

blockchain Los Angeles Regulation Oregon 130

Independent Banker

MARCH 31, 2022

We must also keep our focus on protecting the 2017 tax cuts and, as always, monitoring and confronting credit union overreach. Lucas White: We need to continue to differentiate community banks and educate policymakers on why tiered and proportionate regulation is necessary. We are not Wall Street banks—we are community banks.

Community Bank 239

Community Bank Community Industry Texas 239

PYMNTS

JANUARY 22, 2018

According to Xavier Deleval, managing director at expense management technology firm MobileXpense, addressing the mid-market is particularly challenging because these companies need a level of sophistication to their technologies, but don’t have the capacity to handle the development and deployment of proprietary systems.

Management 116

Management Compliance Taxes Marketing 116

PYMNTS

MARCH 27, 2017

Like hover boards and self-drying vests, many predictions from this movie didn’t come true in 2015, but technology is slowly working its way toward innovative products and services. System , Airbus is making strides toward making flying cars a reality. An Airbus spokesperson described the system to us in a recent conversation: “Pop.Up

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Las Vegas Los Angeles System Policies 100

PYMNTS

JANUARY 22, 2020

As for the mechanics: An “account aggregator” system is being created by banks, and will be regulated and licensed by the central bank. The financial companies are also required to have “robust” IT systems in place (which includes IT security, too). The aggregators have duties as fiduciaries to manage consent. The Roadmap.

Data 141

Data Payments Regulation System 141

PYMNTS

SEPTEMBER 26, 2018

Representative Warren Davidson (R-Ohio) is hosting a “Legislating Certainty for Cryptocurrencies” roundtable, with financial firms, venture capitalists (VCs) and cryptocurrency companies all gathering to say their piece on the shaping of crypto regulation. ICO market.” ”

Management 164

Management cryptocurrency blockchain Regulation 164

PYMNTS

FEBRUARY 1, 2021

And as Rita Camporeale , Head of Payments Systems at the Italian Banking Association ( ABI ), told PYMNTS’ Karen Webster, the pandemic has accelerated the embrace of instant payments that flow directly between banks. These days that “stable and efficient growth” has a lot to do with real-time payments.

Payments 250

Payments Cards Taxes System 250

PYMNTS

JANUARY 22, 2020

As for the mechanics: An “account aggregator” system is being created by banks, and will be regulated and licensed by the central bank. The financial companies are also required to have “robust” IT systems in place (which includes IT security, too). The aggregators have duties as fiduciaries to manage consent. The Roadmap.

Data 132

Data Regulation System Taxes 132

Abrigo

JULY 12, 2021

The review concluded that the revised FATF standards have fostered growth and innovation, while better protecting the international financial system. The report shines a light on corruption, tax fraud, drug trafficking, and labor trafficking as being linked to environmental crime. BSA Rules and Regulation. Learn more.

Training 195

Training Policies United States Report 195

PYMNTS

JANUARY 12, 2021

That flexibility is especially useful in B2B transactions where entering new markets means that suppliers and buyers may transact across borders and across currencies, where everything from compliance to tax collection issues must be considered.

Payments 260

Payments Compliance Technology Taxes 260

PYMNTS

DECEMBER 12, 2019

The market’s early-stage growing pains, she said, reflect the unique struggles of a market driven by competition, not regulation. “My regulation is both a help and a hinderance. Competition, Not Regulation. On the other are regulations in place that Killam noted could hinder real-time payments progress, most notably U.S.

Payments 181

Payments Regulation Marketing National 181

PYMNTS

OCTOBER 23, 2019

Zuckerberg said in his opening remarks that those who do not have access to bank accounts “could through mobile phones, if the right system existed.” The current system is failing them. “The The current system is failing them. You should create a payments system with close to zero fees,” said Sherman. The Crime Factor.

cryptocurrency 100

cryptocurrency Payments Regulation Taxes 100

PYMNTS

OCTOBER 23, 2019

Zuckerberg said in his opening remarks that those who do not have access to bank accounts “could through mobile phones, if the right system existed.” The current system is failing them. “The The current system is failing them. You should create a payments system with close to zero fees,” said Sherman. The Crime Factor.

cryptocurrency 100

cryptocurrency Regulation Taxes Data 100

PYMNTS

JANUARY 23, 2017

Dabbling in FinTech innovation, expanding internationally, integrating digital systems — businesses must make progress, but they’re facing unfamiliar threats as they make these moves. s current political system. And we’re not just talking about cyberattacks. 40% more cyberbreaches impacted U.S.

Survey 100

Survey Taxes Groups Analysis 100

PYMNTS

JUNE 1, 2018

By now you’ve likely read the reports: Millions of Chinese consumers denied flights, train trips and other access to normal economic activities because, in the eyes of government officials and their Big Data grading system, they are considered “discredited.” So, where does China’s social credit system go from here? to build the system.

System 106

System Big Data Policies Data 106

PYMNTS

MARCH 16, 2018

Certainly regulations like PSD2 and the U.K.’s Because APIs facilitate integration between two services, the technology allows FinTechs to innovate in their niche markets, rather than attempting to be a jack of all trades. “I We’re looking to partner with treasury management system [TMS] providers out there.

Risk Management 134

Risk Management Survey Management Fintech 134

PYMNTS

OCTOBER 17, 2018

DMG said it is in discussions with its partners — cannabis industry licensed producers, retailers, quality management service providers and government regulators — to design a compliant supply chain management solution to enhance transparency and traceability of the cannabis supply chain. billion with 13 million recreational users.

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blockchain Compliance Management Bitcoin 156

PYMNTS

MAY 8, 2020

The prevailing sentiment, as the crisis heads into its third month, is that more innovative government programs will be necessary to provide any meaningful relief. The idea of running a program through a banking system — there’s an inherent inequality there. Other ideas include more government action regarding competitive regulation.

Maine 142

Maine Groups San Francisco Lending 142

PYMNTS

OCTOBER 23, 2019

That’s just one example of how POS innovation is filtering down to the world of small and medium-sized businesses (SMBs) everywhere — and how, in turn, better POS technology and deployment are making for richer consumer experiences. How are you getting that information into an accounting system?”. All are big tasks for SMBs.

Retail 101

Retail System Mobile Innovation 101

Banking 2020

NOVEMBER 25, 2015

China has introduced new draft rules that are intended to tighten regulations governing online payments in the country. The impact of tougher regulations. “With these new rules, instead of lowering the barriers to innovation, they’ve raised them,” Chinese financial news commentator Yu Fenghui told the Journal.

Regulation 40

Regulation Online Marketing Payments 40

PYMNTS

JUNE 26, 2020

This presents myriad challenges to payroll issuers that range from compensating employees who may no longer have access to timesheet filing systems to complying with the requirements of government aid programs such as the Paycheck Protection Program (PPP). One key innovation does away with the paper and direct deposit checks all together.

Tools 130

Tools Cards United States Innovation 130

PYMNTS

MARCH 12, 2019

That capability can be a critical part of holistic financial services for the many small business owners who are now struggling to integrate their growing list of back-office systems. and Canada, where open banking regulations are not in place, how do financial service providers act on the demand to move data and connect platforms?

Data 184

Data Fintech Strategy Regulation 184

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). Google Fine. Speaking of Google ….

Google 124

Google social media Regulation Course 124

PYMNTS

MAY 13, 2016

Stop ISIS, bring peace to the Middle East, clean up the economy, create more jobs, fix the education system, lower taxes, etc., 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.

Bitcoin 100

Bitcoin blockchain Regulation Operations 100

PYMNTS

JUNE 4, 2019

This understanding has opened the payroll industry to embrace innovations like faster and real-time payments that can support faster access to wages, or the introduction of on-demand payroll or employee financing programs — all of which can promote employee satisfaction and position a small business to be more competitive in a tight labor market.

Payments 143

Payments Data Taxes Industry 143

PYMNTS

JANUARY 12, 2021

That flexibility is especially useful in B2B transactions where entering new markets means that suppliers and buyers may transact across borders and across currencies, where everything from compliance to tax collection issues must be considered.

Payments 153

Payments Compliance Technology Taxes 153

PYMNTS

OCTOBER 19, 2016

According to EIU and Deutsche, these professionals also cite heightened financial regulations as having a significant impact on their professional lives, with 40 percent expecting their workload to increase as a result. Low interest rates aren’t the only factor when it comes to how treasurers and CFOs prioritize their time.

Survey 100

Survey Regulation Strategy Management 100

Insights on Business

MARCH 25, 2019

financial system and wiring at least $30 million to unwitting U.S. Without regular updates and feedback from regulators as well as other leading financial institutions, banks may be unknowingly opening themselves up to heightened risk. vendors in order to finance Hezbollah , a U.S. sanctioned entity.

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Compliance Taxes United States Data 98