Abrigo

JANUARY 3, 2024

New BOI requirements and how financial institutions can comply Here's what FinCEN's recent final rule for beneficial ownership information (BOI) reporting says and how anti-money laundering (AML) programs will access BOI information. Takeaway 2 A December 2023 final rule establishes guidelines for who may access BOI and for what purposes.

Fraud 221

Fraud Regulation Report Compliance 221

PYMNTS

APRIL 6, 2020

Rifkin Weiner Livingston LLC has filed an amended complaint against Bank of America (BoA) for allegedly giving its lending clients a higher priority and denying or limiting access to the Paycheck Protection Program (PPP) to its depository clients and other small firms, according to a press release.

America 237

America Lending Policies Cards 237

PYMNTS

APRIL 24, 2020

The problem is that cannabis companies in states where the plant is legal are ‘essential workers’ during the pandemic, able to operate even despite the widespread lockdowns. The letter went on to say that cannabis companies legally employ over 240,000 people across the country in the 33 states where it is legal in some form, contributing $1.9

Rhode Island 208

Rhode Island South Dakota Company Colorado 208

PYMNTS

APRIL 30, 2020

As the narrative goes, legal cannabis companies, often small- to medium-sized businesses (SMBs), are forced to rely on cash for both B2B and B2C payments. But this may be an over-simplification of cannabis firms’ struggle to access adequate banking services, according to Hypur Chief Revenue Officer Tyler Beuerlein.

Compliance 196

Compliance Industry Security Marketing 196

PYMNTS

SEPTEMBER 25, 2019

This bipartisan bill addresses a pressing public safety issue for businesses that legally grow, market or sell cannabis in states that have legalized its use and that are currently forced to operate with cash only. have legalized some form of marijuana, and it is time for Congress to act,” she said.

Ohio 235

Ohio Colorado Washington California 235

PYMNTS

MARCH 16, 2020

Bakkt President Adam White posted, in part, on Twitter , “Open your @Starbucks app to see our first direct integration and select @Bakkt to sign up for our Early Access Program.”. The Bank of Russia, however, reportedly supports the idea of digital financial assets and had gone so far as having an experimental tokenization project.

Bitcoin 242

Bitcoin cryptocurrency Report Retail 242

PYMNTS

JULY 10, 2020

The legal cannabis market’s financial services challenges are, by now, well-known. For several years, while state-level legalization has expanded, access to traditional banks remains an issue thanks to their status as federally regulated entities. Today, however, the banking challenge has largely been solved.

Innovation 210

Innovation Payments Tools Compliance 210

CFPB Monitor

JANUARY 5, 2024

On December 22, 2023, the Attorney General of Montana released an opinion (the “Opinion”) concluding that certain earned wage access (EWA) products are not “consumer loans” or “deferred deposit loans” under Montana law and do not, therefore, require licensure by the Montana Division of Banking and Financial Institutions.

Montana 78

Montana Report Payments Lending 78

Abrigo

JULY 7, 2021

With every state election, it seems there is at least one bill related to the legalization of cannabis on the ballot. Often, those bills are getting passed into laws expanding the legalization of cannabis and cannabis-related products. Keep up with Ever-Changing Regulation. Stay Informed and Develop a Plan.

Compliance 195

Compliance Operations Regulation United States 195

PYMNTS

NOVEMBER 15, 2018

billion in taxes last year on nearly $13 billion in revenue from legal cannabis companies. Most of these companies were forced to pay their federal taxes in cash because about 70 percent of all legal cannabis businesses are unbanked. million,” said Jordan Cornelius, a Denver-based accountant who represents legal cannabis firms.

Taxes 208

Taxes Denver Colorado Virginia 208

PYMNTS

DECEMBER 18, 2019

The feature is aimed at supporting gig workers who typically live paycheck-to-paycheck, and thus need faster access to their wages. The bank will offer partner companies and their employees additional perks for using these services, such as discounts for home rentals as well as quick access to their wages. About the Tracker.

Trends 134

Trends Mobile Online Payments 134

PYMNTS

JANUARY 15, 2021

The Office of the Comptroller of the Currency (OCC) released a finalized rule on ensuring fair access to banking services from large national banks, federal savings associations, and federal branches and agencies of foreign bank organizations, according to a press release.

United States 216

United States National Community Meeting 216

PYMNTS

AUGUST 6, 2019

The state of Louisiana has entered legal marijuana territory with medical cannabis access beginning this week. As a result, the state has also entered the troubled waters of cannabis banking, with legal players in the state’s marijuana industry struggling to access banking and financial services. Global Payout Inc.

Louisiana 135

Louisiana Payments Taxes Maine 135

PYMNTS

NOVEMBER 18, 2020

21, an attorney for the tech giant said it needs access to the material quickly in order to draft its defense, according to Reuters. We need to get access to that material,” said Google attorney John Schmidtlein in a status conference held by phone, per Reuters. “We 20, the U.S.

Google 153

Google District of Columbia Conference Report 153

PYMNTS

APRIL 19, 2019

According to Hypur, organizations within the hemp industry struggle to access electronic payments processing solutions just as legal marijuana companies do, because hemp is also on the prohibited list at major financial institutions. As marijuana legalization spreads in the U.S., Galvin, CEO of Hypur, said in a statement.

Payments 173

Payments Industry Online Security 173

CFPB Monitor

OCTOBER 6, 2022

After discussing what the Metaverse is and its possible uses by providers of legal and other services, we look at an array of legal issues that should be considered by lawyers and their clients operating in the Metaverse or contemplating doing so. To listen to the episode, click here.

Marketing 78

Marketing Security Data Groups 78

PYMNTS

DECEMBER 17, 2020

According to the EU, Google's pledge to keep access for rival health and fitness apps and device makers for the next decade cinched the decision and convinced them that Google's entry into the health and fitness field wouldn't bring antitrust concerns, Bloomberg reported. The move comes as regulators in the EU are looking at ways to keep U.S.

Google 294

Google Regulation Data Report 294

Perficient

MARCH 8, 2021

Many hospitals commonly require physical signatures and ID before giving access to your patient portal. But it requires a lot of extra time just to get access to something most patients won’t access all that frequently. Of course, any process like this must be vetted with your compliance organization and with legal.

Compliance 410

Compliance Course Examples Online 410

PYMNTS

FEBRUARY 19, 2019

Since last year, when Canada legalized recreational pot in full, the nation became a kind of country-sized lab for how that new business would play out. Still, even after all these months, and even with legalization done at a federal scale (as opposed to province by province), the cannabis payments process has hardly hit a full stride.

Payments 177

Payments Cards Operations Online 177

PYMNTS

JANUARY 8, 2019

That’s where reloadable cards and instant access to funds come in — especially as the worlds of payments and commerce move further toward the goal of frictionless transactions and sports betting in the U.S. And now that trend has come to sports betting, which was recently legalized thanks to a May decision by the U.S. goes online.

Online 189

Online Payments Cards Course 189

PYMNTS

JULY 26, 2020

The nation’s consumer protection agency is seeking input on rule changes to third-party access to individual financial records. Its purpose was to review the agency’s handling of authorized third-party access to consumer’s financial data. Congress created the legislation in 2010 that created the CFPB.

Data 173

Data Google Fintech Groups 173

PYMNTS

NOVEMBER 11, 2019

The state of Missouri is reportedly considering a ban on cash tax payments, a move that has raised concerns for local legal marijuana businesses that are struggling to obtain banking services and relying on cash to remain in operation. On a national level, the U.S.

Taxes 101

Taxes Missouri Payments National 101

American Banker

NOVEMBER 10, 2016

Banks have been waiting on Justice Department guidelines on how to make their websites compliant with the Americans with Disabilities Act, but many are being advised to take action now or face lawsuits from disabled customers.

Guidelines 53

Guidelines How To Community Bank Regional 53

Perficient

MARCH 8, 2023

Fortunately, most societies today don’t legally bar women from partaking in these tasks, but the ancient history of shutting doors on women seeking greater financial control has left an undeniable gender gap in the world of financial services and a lingering, detrimental attitude that money management is a man’s job.

Innovation Strategies 275

Innovation Strategies Study Marketing Leadership 275

Payments Source

JUNE 15, 2020

The Office of the Comptroller of the Currency has endured a fairly choppy legal ride since unveiling its idea five years ago to establish a special charter for non-bank fintech companies to access a nationwide financial system for lending services without worrying about being licensed to do so in all 50 states.

Fintech 119

Fintech Lending Payments System 119

PYMNTS

AUGUST 28, 2020

In response, Apple said it would end Epic’s access to the App Store on Friday (Aug. The dispute began earlier this month when the Maryland-based game maker released a payment platform that was crafted to bypass the App Store’s payment system and its 30 percent commission. 28) arguing that Epic violated Apple’s rules. This week, U.S.

Apple 226

Apple North Carolina Maryland California 226

PYMNTS

APRIL 10, 2020

Developing that claim flow can be difficult, though, especially when it entails enabling access to mobile disbursements. The challenge is thus not figuring out if mobile disbursements are possible, but how they can be made, given insurers’ legal and compliance issues. Mobile Insurance Disbursement Challenges.

Mobile 198

Mobile Technology social media Customer Experience 198

Abrigo

FEBRUARY 10, 2023

Other legal entities, including certain trusts, are excluded from the registry since they are not filed with a secretary of state or similar office. State, local, and tribal law enforcement would need to submit a request form for approval before being granted the same access as federal agencies. This checklist can help.

Fraud 195

Fraud Training Regulation Compliance 195

PYMNTS

SEPTEMBER 14, 2020

In short, it’s a world where access to capital and legal advice is welcome. In mid-August, the company announced that it will infuse $100 million in capital into the Amazon seller system, along with legal and marketing advice. Of course, the Nikes and Under Armours have legal teams and vast amounts of capital.

Capital 214

Capital Long Beach Branding Guidelines 214

PYMNTS

MARCH 27, 2019

nears possible regulation that could open the banking doors to legal marijuana businesses, there are some business owners in the industry who may not want to see such legislation pass: the competition in Canada. industry players have faced in accessing financing to help them grow and compete. As the U.S. The initiative brings the U.S.

Capital 119

Capital Industry Regulation Lending 119

PYMNTS

DECEMBER 29, 2020

Paul Grewal , chief legal officer of the cryptocurrency trading platform Coinbase, said in a press release that trade limits went into effect on Monday (Dec. The trading suspension will not affect customers’ access to XRP wallets, which will remain available for deposit and withdraw functionality after the trading suspension,” Grewal said.

cryptocurrency 169

cryptocurrency blockchain Security Compliance 169

PYMNTS

APRIL 12, 2018

Wurk , a startup providing software for legal marijuana enterprises, announced new investment to the tune of $3.2 Reports in Green Market Report on Wednesday (April 11) said Wurk secured the funds in support of its software solutions for marijuana businesses that struggle to access adequate tools.

Software 115

Software Taxes Operations Management 115

PYMNTS

AUGUST 13, 2020

Early access to earned wages is among the most effective strategies to promote the financial wellness of a retailer’s workforce. As Orr explained, not only does this capability enable employees to access and manage their personal earnings, but it can also act as a competitive differentiator to attract and retain talent.

Capital 277

Capital Retail Strategy Management 277

PYMNTS

DECEMBER 23, 2020

“Review sites such as Tripadvisor could easily become nothing more than only-positive advertising glimpses” because “hosting critical or negative views would create a substantial risk of legal liability,” Tripadvisor said in a filing , per Bloomberg. We support legal frameworks that achieve these goals.”. At a hearing of the U.S.

Google 191

Google Regulation Washington Video 191

PYMNTS

AUGUST 20, 2020

This is simply not true; all of the data is available freely to ANYONE with internet access. Though it is legal to have, the type of data Diachenko uncovered is dangerous because operators of social engineering attacks , such as phishing, can use it to wage targeted attacks on internet users.

social media 285

social media Data Security Operations 285

PYMNTS

NOVEMBER 5, 2020

By buying Plaid, Visa would reportedly gain access to 200 million consumer bank accounts and 2,600 financial technology apps that would help the company further push into areas like real-time payments and digital wallets. However, Visa rejects the Justice Department’s claim that that would create an illegal monopoly.

US 343

US San Francisco United States Policies 343

PYMNTS

JULY 7, 2020

The patent will let suppliers access cash faster by getting rid of lien releases and accelerating access to SCF. Quillian , chief legal officer with PrimeRevenue, said the idea is to boost payments, especially with the current financial uncertainty around the world.

Capital 160

Capital Payments System Operations 160