PYMNTS

JANUARY 19, 2021

The CFPB, of course, has been tasked with enforcing financial regulations and protecting consumers (settlements in 2019 came in at $777 million). Elizabeth Warren (Democrat of Massachusetts).” Read More On Regulation: And, per Politico , Chopra is a “strong consumer advocate aligned with Sen.

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Lending Massachusetts Regulation Leadership 143

PYMNTS

MARCH 21, 2019

Presidential hopeful Beto O’Rourke isn’t joining other Democrats running for president in calling for the breakup of some of the nation’s largest technology companies. Rather, the Texas Democrat thinks big tech firms need more regulation. Massachusetts U.S.

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PYMNTS

JULY 24, 2019

The Justice Department is right to be looking into Amazon’s practices as part of its antitrust review of big technology companies, Treasury Secretary Steven Mnuchin said Wednesday (July 24). . “I A broad antitrust review of big technology companies was announced by the Justice Department on Tuesday (July 23).

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Retail US Massachusetts United States 128

PYMNTS

FEBRUARY 15, 2018

Through the Conference of State Bank Supervisors, Georgia, Illinois, Kansas, Massachusetts, Texas, Tennessee and Washington are looking to standardize the ways firms across traditional financial services and FinTech upstarts apply for, and are granted, licenses. Can the states make licensing – of the money movement kind – any easier?

Washington 101

Washington Regulation Conference Fintech 101

PYMNTS

AUGUST 17, 2020

Amazon is facing an investigation by Germany’s national competition regulator into the eCommerce giant’s relationship with third-party sellers in Amazon’s second-largest market. The Federal Reserve is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing a digital currency.

California 148

California Massachusetts Apple Fraud 148

PYMNTS

JANUARY 2, 2019

New technologies face numerous tests that go beyond whether they work. And how will regulators and lawmakers respond? Artificial intelligence — arguably one of the most important digital technologies going into 2019 — could soon face export regulations set by the U.S. They could stifle technology improvements.

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US United States Regulation Technology 198

PYMNTS

MARCH 28, 2018

Ford Global Technologies, LLC was awarded a patent for “vehicle-to-vehicle cooperation to marshal traffic.” The technology would use cryptocurrency – in what has been dubbed a Cooperatively Managed Merge and Pass (CMMP) system – to allow communication between vehicles. And Ford wants to give crypto some wheels, CoinDesk reported.

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Bitcoin Company Massachusetts cryptocurrency 116

CFPB Monitor

NOVEMBER 12, 2020

Banking and Securities Regulators (includes FDIC, Federal Reserve, NCUA). Gary Gensler , who is with the Massachusetts Institute of Technology, will serve as team leader. English initiated unsuccessful litigation seeking a declaration that she, rather than Mr. Mulvaney, had the right to serve as Acting Director.

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FDIC Massachusetts New York Policies 97

PYMNTS

JANUARY 24, 2020

The Global Consortium for Digital Currency Governance will be geared toward the development of transparent, interoperable and inclusive approaches to policy to regulate the crypto industry and facilitate work between the public and private worlds in emerging and developed economies, Cointelegaph reported.

cryptocurrency 130

cryptocurrency Massachusetts Policies Taxes 130

PYMNTS

NOVEMBER 20, 2017

The top two classes of the transaction scored an A and BBB rating from DBRS, Kabbage said, adding that assets originated using its underwriting technology are used as collateral. Only weeks ago, news surfaced that a small business borrower in Massachusetts that used the Kabbage platform filed a lawsuit against the company and Celtic Bank.

Massachusetts 100

Massachusetts Lending Analysis Operations 100

PYMNTS

DECEMBER 24, 2020

Jeremy Allaire , CEO of financial technology firm Circle , told PYMNTS that digital currencies are ready to transition from speculation to become more broadly adopted in everyday commerce. . But as with any nascent payments technology, the bad guys are always lurking – especially with cryptos, where anonymity is prized.

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cryptocurrency Bitcoin Course Boston 258

PYMNTS

FEBRUARY 26, 2019

technology markets, investigating any potential anti-competitive conduct in those markets, and taking enforcement actions when warranted.”. The new entity, called the Technology Task Force, according to the FTC, will “draw upon existing staff and expertise,” and have “approximately” 17 staff attorneys working for it. Other Moves.

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North Carolina Google New Jersey Connecticut 116

PYMNTS

AUGUST 4, 2019

Elliptic collaborated with researchers from the Massachusetts Institute of Technology (MIT) on the data set, which was taken from 200,000 bitcoin transactions worth $6 billion — the largest set of labeled transaction data publicly available in any digital currency in the world. “On

Bitcoin 115

Bitcoin Study Data Massachusetts 115

PYMNTS

APRIL 25, 2016

Uber Technologies Inc.) and Massachusetts (Yucesoy v. Uber Technologies Inc.) that will see Uber pay up to $100 million in restitution to drivers in those states, but won’t require the company to recategorize and regulate its drivers as full-time employees.

Massachusetts 100

Massachusetts San Francisco California Austin 100

PYMNTS

AUGUST 26, 2019

“Institutions supervised by FINMA are only permitted to send cryptocurrencies or other tokens to external wallets belonging to their own customers whose identity has already been verified and are only allowed to receive cryptocurrencies or tokens from such customers,” the regulators wrote, according to CoinDesk.

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Rhode Island blockchain Bitcoin Montana 109

PYMNTS

APRIL 17, 2019

The funding also included participation from existing investors Synchrony, MassMutual Ventures, Massachusetts Mutual Life Insurance Company and Wellington Management. financial institutions, as well as leading healthcare, insurance, technology and retail companies. Payfone serves six of the top 10 U.S.

Fraud 116

Fraud Massachusetts Maine Lending 116

Insights on Business

MAY 23, 2019

Now, new technology, business and regulatory challenges are forcing them to rethink how they collect and manage that data. Enterprises must learn how to use data responsibly and transparently — not only to comply with stricter regulations, but also to build relationships with their customers. Ed Markey, a Democrat from Massachusetts.

Data 163

Data Security California Regulation 163

PYMNTS

AUGUST 8, 2018

States Launch Initiatives To Embrace Distributed Ledger Technology. As states are moving to find novel ways to make use of blockchain, a number of initiatives have been developed to regulate distributed ledger technology.

Hawaii 100

Hawaii West Virginia New York City New York 100

PYMNTS

MARCH 1, 2019

As a way to more closely marry authentication and digital onboarding, others still are exploring the use of alternative technologies like biometrics. That said, ensuring that retailers’ age verification technologies for the onboarding process are top-of-line is essential to the growth of the digital economy. About the Tracker.

Online 155

Online blockchain Retail Massachusetts 155

PYMNTS

SEPTEMBER 25, 2020

Massachusetts-based accounts payable (AP) automation technology firm MineralTree Inc. Money transfer organizations have to remain in compliance with regulations or they will encounter sizable penalties or let crime spread. A bank executive sent a memo to the workforce saying that they must not post to social media until 11 a.m.

Maine 153

Maine social media Atlanta Massachusetts 153

Perficient

JANUARY 7, 2021

It’s frequently someone who is an early adopter of technology and likes everything at their fingertips, including a big screen in the car that helps seal the deal for many. The government has regulations for greenhouse gas emissions, and companies have carbon-neutral goals.

Marketing 309

Marketing Industry Mobile Massachusetts 309

PYMNTS

FEBRUARY 24, 2017

Locations on the radar for new Coinsource ATMs in 2017, according to Sharp, included in Maryland, Massachusetts, Washington, D.C., Coinsource CEO Sheffield Clark said the company hopes to have 100 machines installed in the U.S. by the end of Q1, adding: “In 2016, we were installing bitcoin ATMs at an average of 1.2 machines per week.

Bitcoin 194

Bitcoin St. Louis Las Vegas cryptocurrency 194

PYMNTS

AUGUST 8, 2018

Use cases are growing with blockchain, and while the headlines may focus on large-scale government initiatives and where distributed ledger technology (DLT) might be headed, the fact remains that smaller projects are gaining traction. Looking on a case-by-case basis, state initiatives (or local ones outside the U.S.) Ballots Over Blockchain.

blockchain 109

blockchain West Virginia Ohio Columbus 109

PYMNTS

OCTOBER 29, 2018

In Illinois, and a handful of other states, changes in how employees are reimbursed for business-related expenses herald changes on a broader scale, and in how firms use technology to make sure that expenses are being recorded accurately.

Illinois 163

Illinois Technology Taxes Data 163

PYMNTS

JANUARY 7, 2019

But at the same time, the laws governing biometrics are a work in progress, and as more consumers become more skeptical about the safety and use of their identities and data online, you can bet on more cases testing the boundaries of existing regulations. Illinois’ Role. for use of biometric data. Six Flags Case.

Illinois 161

Illinois Google New Hampshire Texas 161

Gonzobanker

DECEMBER 14, 2023

Meanwhile, technology changes continued at a breakneck pace, with generative AI the biggest topic around management tables. The specifics are unclear, but bankers recognized that this will be an absolute game-changing technology in future years, and delivery will change in ways we can’t even conjure yet.

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Fintech Community Regional Technology 194

FICO

APRIL 26, 2022

As an AI practitioner and educator, teaching graduate students at the Massachusetts Institute of Technology, Jordan brought an incisive pragmatism to his conversation with Scott. Driving that conversation is important, because regardless of regulation, there’s accountability. What about self-regulation on an industry basis?

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Analytics Regulation Tools blockchain 52

PYMNTS

SEPTEMBER 11, 2018

Meanwhile, states such as Kentucky, Connecticut, Illinois, Michigan, Indiana, Massachusetts, Maryland and others are making moves toward legalization, and via different methods. The state allows both online and offline sports betting, with regulation oversight provided by the West Virginia Lottery Commission.

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West Virginia Kentucky Rhode Island Mississippi 100

PYMNTS

JANUARY 28, 2019

As noted in this space by Karen Webster, the ban on the ban – where, now, in New York, surcharges are allowed when merchants post total prices for transactions – shows the inefficiencies of regulation that supersede card networks’ own rules governing merchant activities. population.

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Cards New York Oklahoma Connecticut 125

Independent Banker

NOVEMBER 13, 2014

Earlier this year, federal regulators warned financial institutions against criminal attacks on their ATM systems. Maria Korolov is a freelance writer in Massachusetts. Highlighting Technology Trends' Current Tech. By Maria Korolov. That way, the employees aren’t using it for other things,” he suggests.

ATM 93

ATM System Management Kansas City 93

PYMNTS

FEBRUARY 4, 2019

In this month’s feature story, PYMNTS examines the mPOS solutions powering Zinneken’s , a Belgian waffle bakery with several fixed locations and one Boston-based food truck, and Frosty Ice Cream , which claims to be Massachusetts’ oldest “mobile food and dessert catering company.” . Zinneken’s Serves Sweets With Speed .

Massachusetts 100

Massachusetts Boston Cards Operations 100

PYMNTS

AUGUST 11, 2016

The story also mentions that nearly 60 field representatives with Immigration and Customs Enforcement (ICE) have been deployed to assist schools in the past two years, making sure each adheres to the regulations. With students heading back to school soon, ICE has ramped up its visits to Massachusetts colleges. A recent U.S.

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Study New Jersey Massachusetts United States 100

PYMNTS

SEPTEMBER 27, 2019

House Committee on Financial Services Task Force on Financial Technology held a hearing Thursday (Sept. While the technological barrier to interoperability is not necessarily so high, what is most difficult about achieving this is establishing and managing industry-wide standardization, which Benson advised the Fed to keep a priority.

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Payments Kansas City Community Bank Community 174

PYMNTS

JUNE 27, 2019

At the same time, many early stage startups, particularly in the technology sector, still have access to traditional financing, like venture capital and private equity. “Being in Boston, Massachusetts, I’m much less likely to invest in a restaurant in Oklahoma if the same business was right next to me,” Mathews said.

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Capital Community Oklahoma Maine 145

CFPB Monitor

JANUARY 12, 2021

The Taskforce was charged with examining the existing legal and regulatory environment for consumers and financial services providers and making recommendations to the Bureau’s leadership for improving consumer financial laws and regulations. The report consists of two volumes. Equal access to credit.

Report 78

Report Regulation Policies Compliance 78

PYMNTS

SEPTEMBER 11, 2019

Massachusetts, Virginia, and New Jersey all have ABC tests codified into law that are similar to California’s, but Uber and Lyft drivers remain classified as independent contractors in those states. That part remains unclear — because much of what’s next remains unknown.

California 162

California Course New Jersey Virginia 162

PYMNTS

SEPTEMBER 27, 2016

Technology is taking us to a world where we never have to leave our homes. Rather than build a new warehouse or rely on tried-and-tested technologies for picking products off shelves, Target decided to try a “new breed of robots.”. That the technology will change distribution is certain. In 2016, 5 percent of U.S.

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Mobile Payments Los Angeles California 100