PYMNTS

JULY 21, 2020

Open banking is appealing to financial institutions (FIs) and regulators in many markets, even as the pandemic sweeps across the world. Regulators in other regions, including Latin America, are also shaping and announcing plans to enable open banking and better support digital financial systems.

Mobile 229

Mobile Report America Regulation 229

CFPB Monitor

MAY 18, 2022

After moving alone in 2020 to reform its Community Reinvestment Act (CRA) regulation, the Office of the Comptroller of the Currency (OCC) has joined the Federal Deposit Insurance Corporation (FDIC) and Federal Reserve Board in issuing a joint notice of proposed rulemaking setting forth proposed amendments to their regulations implementing the CRA.

FDIC 78

FDIC Regulation Community Lending 78

PYMNTS

DECEMBER 7, 2018

Not to ruin your holiday spirit, but let’s start this story with the cold and brutal truth: One of the largest risks that payments and commerce operators face in 2019 is being called to account by government officials, regulators or media about a failure to secure their organizations from cyberattacks. and other places.

Payments 240

Payments Tools Security Regulation 240

PYMNTS

MARCH 29, 2017

Due to new taxi laws in the country, Uber announced that it is shutting down its operation in Denmark next month. Currently, Uber is waiting on a court decision to find out how it will be regulated throughout Europe: as a transport service or a digital platform.

Regulation 100

Regulation Maine Operations National 100

PYMNTS

JULY 24, 2020

The company launched an online store using an eCommerce platform service from China-based Alibaba where it now offers features tailored to appeal to how consumers in the nation prefer to engage with their brands. Platforms also need to be sure that they can comply with the regulations of each country they serve.

Compliance 152

Compliance Report Payments Security 152

South State Correspondent

AUGUST 21, 2022

In talking to community bankers, here are the main reasons community banks have chosen a loan-level hedging program: Improved Credit Quality: Banks can stabilize the borrower’s debt service coverage ratio (DSCR). We believe that community banks should choose a path that offers the most operational flexibility.

How To 195

How To Community Bank Community FDIC 195

PYMNTS

APRIL 12, 2019

That was one of the main messages in a recent PYMNTS interview with David Budzevski, executive director, head of merchant acquiring products at Commonwealth Bank of Australia. Asset-rich, tradition-bound FIs were supposed to look down on the scrappy, upstart, coming-to-eat-our-lunch firms that operated in the FinTech space.

Fintech 168

Fintech Innovation Mobile Payments 168

PYMNTS

FEBRUARY 24, 2019

Commerzbank completed the transaction with R3’s Corda-based blockchain platform, while Main Incubator acted as a service partner, Continental was the issuer and Siemens subscribed to the security as an investor. Once the change goes into effect later this year, businesses can obtain a license to operate as depositories for the tokens.

blockchain 116

blockchain Bitcoin cryptocurrency Security 116

PYMNTS

APRIL 17, 2020

Expect more ironies small and large as the nation at long last recognizes gig workers. The COVID-19 outbreak has … highlighted factors that separate full-time workers from contractors — mainly how their earnings and healthcare costs are protected under employment regulations,” the report states.

Taxes 143

Taxes Maine Policies Payments 143

PYMNTS

JUNE 21, 2016

Chamber of Commerce uncovered the challenge businesses face in the wake of financial reforms and regulations, like Dodd-Frank. Its survey, the chamber said, suggests that the nation must heighten its capabilities of providing finance to its businesses, especially those struggling on account of regulation. What Regulation Does.

Survey 101

Survey Regulation Compliance National 101

PYMNTS

MARCH 6, 2019

The global tax reform is being prepared by the Organisation for Economic Co-operation and Development (OECD). It has been difficult to coordinate tax reform in the EU because there are many varying national interests. based internet companies by introducing a digital tax that will impact companies including Google, Facebook and Amazon.

Taxes 123

Taxes Google United States Maine 123

PYMNTS

DECEMBER 2, 2016

The nation saw four startups take home investment out of a total of seven investment rounds. According to its cofounder, Aditya Tulsian, incoming tax regulation changes, along with India’s recent demonetization, mean SMEs are going digital and will need to keep better track of funds. with an $18 million investment. B2B eCommerce.

Fintech 100

Fintech Capital Lending Taxes 100

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. For the 2019 NFL season – PYMNTS is based in Boston, so Go Pats!

Payments 161

Payments social media Mobile Seattle 161

PYMNTS

OCTOBER 22, 2020

Businesses around the world are warming to automations and other digital tools that can simplify these processes as they seek to sustain or grow their operations. Suppliers also need to prepare invoices that meet the different standards and regulations in effect in their buyers’ home countries. Around The Business Digitization Space.

Report 159

Report Tools Examples Meeting 159

PYMNTS

DECEMBER 30, 2019

In recent months, the council has expanded its membership roster to include heavyweights such as the Federal Reserve and electronic payments and banking solution provider ACI Worldwide , boosting the council’s mission of developing a national faster payment system. Bursari Helps Public Schools Adopt Faster Payments.

Payments 130

Payments System Maine Fintech 130

PYMNTS

FEBRUARY 28, 2019

With more than 5 million worldwide listings, Airbnb has to stay up to date with local, state and national digital security regulations as it operates in over 191 countries, according to Logan Vander Linden, payments partnerships lead for Airbnb, in a recent PYMNTS interview. To read the Case Study, download the Playbook.

Payments 183

Payments User Experience Training Case Study 183

PYMNTS

FEBRUARY 28, 2020

Credit unions’ emphasis on member relationships is one of the main factors that distinguishes them from large banks and FinTechs. Larger banks and well-funded FinTechs can create dedicated security operation centers staffed by experts, but CUs often do not have the budgets to offer round-the-clock active protection.

Data 131

Data California Security Pennsylvania 131

BankUnderground

OCTOBER 26, 2021

Moreover, the national currency belongs to the people, and the state’s role is to regulate it to benefit the people. This was perhaps a necessary condition for the emergence of national money, but not a sufficient one. Medieval monetary policy operated without a central bank.

Policies 109

Policies Taxes Maine National 109

PYMNTS

APRIL 27, 2020

As Bank of America CEO Brian Moynihan said on “Face the Nation” this past week, “It’s clear that between Congress, the administration and the American people, we need to get all these funded and not make this a foot race. Banks’ websites went down, and so did the Small Business Administration (SBA’s) sites. Just get the work done.”.

Columbus 149

Columbus Ohio Capital New York 149

PYMNTS

FEBRUARY 21, 2018

To tackle this issue, companies are looking to infuse AI with a bit of humanity, help consumers better connect with computer-operated services and offer improved insights. For example, Amazon, Westpac and National Australia Bank are teaming up to bring voice-activated AI to Australian banking customers.

Digital Banking 163

Digital Banking Fintech Software Operations 163

PYMNTS

SEPTEMBER 17, 2019

Interest rates on pawn loans vary as they are regulated by states. That negative portrayal stems from two main areas. Regulations require that pawnbrokers request proof of ownership before making a deal with a potential customer — but the less reputable players in the industry have a nasty habit of forgetting to ask.

Ohio 151

Ohio Lending Iowa South Dakota 151

Independent Banker

SEPTEMBER 22, 2015

Arecent National Mortgage News article pointed out that “consumers complain when lenders ask for information, even suggesting such requests are a violation of their privacy.” Fortunately, First Federal Savings & Loan Bank (in operation since 1923) has never sold any of our mortgage loans to the secondary market or anyone else.

Maine 70

Maine Regulation Washington Community 70

PYMNTS

JULY 15, 2016

Brad Fauss, CEO of the National Branded Pre-Paid Card Association and MPD CEO Karen Webster dug into the potential for these rules to create the kind of inconsistencies that could very well disadvantage the very consumers that the CFPB intended to protect. Who Uses Prepaid Anyway?

Cards 100

Cards Millennials Regulation Cyber Security 100

Money and Payments

AUGUST 14, 2023

Simply put, the European legislator decided upon promulgating a regulation that obliges future virtual asset providers to broadcast personal data for all transactions along in the international value chain for reasons of preventing money laundering and terrorist finance. Where can I find the disputed requirement(s) in the EU regulation?

Regulation 36

Regulation Data Maine Operations 36

Money and Payments

AUGUST 8, 2023

Simply put, the European legislator decided upon promulgating a regulation that obliges future virtual asset providers to broadcast personal data for all transactions along in the international value chain for reasons of preventing money laundering and terrorist finance. Where can I find this requirement in the EU regulation?

Regulation 36

Regulation Data Maine Operations 36

PYMNTS

AUGUST 14, 2019

When it came to technology, Blanco was specifically interested in – and concerned about – two main areas. Blanco took to the stage at the 12th Annual Las Vegas Anti-Money Laundering Conference yesterday (August 13). The first is the rise of mobile gaming and gambling. kilograms of methamphetamines and more than $5.5

Compliance 163

Compliance Las Vegas Mobile Data 163

PYMNTS

JUNE 28, 2019

But the pending ban does highlight the need for a national standard regarding the minimum age to buy such products, he said. The main problem is the lack of direction at the federal level,” he said. Not having a set of guideline or rules” at the federal level “creates a lot of confusion and disruption.”

San Francisco 134

San Francisco Guidelines Report Maine 134

PYMNTS

JANUARY 6, 2021

The discussion took place as Diaz looked back at the 15 months that have passed since Banxico launched Cobro Digital (CoDi), the national digital payments platform that uses QR codes and NFC to enable users to transact with mobile devices. The buyer’s bank validates the transfer. Why Not Just Merge These Things?’. Looking Ahead .

Payments 363

Payments User Experience System Mobile 363

PYMNTS

OCTOBER 23, 2018

The world might be growing smaller and more connected, but regulations and authentication methods can create issues for international businesses looking to expand globally. From an operational standpoint, a big part of it was about trying to drill down on the cost.”. Now, companies and even governments, from the U.S. to the U.K.

Trends 134

Trends blockchain California Security 134

CFPB Monitor

SEPTEMBER 19, 2022

1960, which criminalizes the operation of unlicensed money transmitting businesses, in order to increase its statutory maximum penalty from five years to ten years of imprisonment, and doubling its maximum criminal fine from $500,000 to $1 million for certain offenses. Amending 18 U.S.C.

Report 78

Report cryptocurrency Training Guidelines 78

FICO

SEPTEMBER 27, 2022

Methods from operations research such as mathematical optimization enable a quantitative understanding of the trade-offs between competing goals such as profitability, market share and risk appetite, and thus allow the targeted development of tailored decision strategies. Thesis 3: AI and Operations Research Unleash Additional Effectiveness.

Analytics 52

Analytics Strategy Operations Google 52

PYMNTS

MAY 23, 2020

Too low-margin, in many cases, as big-name restaurateurs have elected to put off their grand reopenings until a solution such as a vaccine allows them to operate more normally. “We They need to know where they’re going and what time they’re going,” said Castor, adding that the city also has a policy of “no seat, no service.”.

Tampa 249

Tampa Connecticut Guidelines New York City 249

PYMNTS

JANUARY 21, 2019

That was the day that an advocacy group, Financial Innovation Now (FIN), submitted a public comment letter to the Fed in response to its proposal to create and operate a real-time payments system in the U.S. It flew in on Dec. 14, the Friday before the week before Christmas, so you might not have noticed. Here’s where the canary flew in.

Payments 194

Payments System Innovation Cards 194

PYMNTS

FEBRUARY 27, 2018

For franchise owners, and small businesses overall, Morehouse said the financial data key to adequate cash flow forecasting generally comes from three main sources: the financial service provider, like a bank; payroll and the point-of-sale (POS) system. where regulators aren’t forcing data sharing. In the U.S.,

Data 100

Data Fintech Analytics Analysis 100

PYMNTS

JULY 1, 2016

Treasury Department released its report on the sector and concluded that the market would likely benefit from greater oversight from regulators. Investors on Monday (June 27) provided $10 million to D3 Banking for it to further its research and development operations, reports said. SME Accounting. The firm announced a $3.8

Lending 101

Lending Analytics Capital Industry 101

PYMNTS

JUNE 28, 2016

Those shocks included LendingClub come-apart as the spark and increasingly interested looking pack of regulators coming to call. main structural issue with the Brexit at present is a similar refrain across London based fintech – with the end of the U.K. and have to work our way back into a 28-nation bloc one country at a time.

Lending 100

Lending National Marketing Online 100

PYMNTS

AUGUST 18, 2016

The financial messaging service known as SWIFT — which operates as a bank-owned consortium and helps payments in the billions of dollars move globally — has been beset by security flaws, has known about those flaws and has done little to address those flaws. So reported Reuters on Wednesday (Aug.

Security 100

Security Software New York System 100