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National ATM Council Says NYC Ordinance Is Costly, Burdensome

PYMNTS

The National ATM Council (NAC) argued in testimony to the Committee on Consumer Affairs of the New York City Council last week that a proposed ordinance would impose costly and burdensome new security regulations on ATM operators all around the city. said Renard in the same press release.

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Today In Payments Around The World: Checkout.com Lands $450 Million In Series C; Pakistan Rolls Out Instant Digital Payment System

PYMNTS

Checkout.com, which was started in 2012, recently brought an office to New York City. The system was created over years through an effort involving the Bill & Melinda Gates Foundation and the State Bank of Pakistan, with help from the United Nations, the U.K. and the World Bank.

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FinCEN and OCC address cryptocurrency: responsible innovation and pervasive hype

CFPB Monitor

On May 19, 2022, the Associate Director of the Enforcement and Compliance Division of the Financial Crimes Enforcement Network (“FinCEN”), Alessio Evangelista, spoke at the Chainalysis Links Conference in New York City on the topic of “The Intersection of Cryptocurrencies and National Security.”

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The ICBA 22/23 executive committee is all in

Independent Banker

“I’m so inspired by the professionalism, integrity and commitment of our executive committee and board of directors as we work together to serve the needs of community bankers across the nation,” says Terry Jorde, ICBA senior executive vice president and chief of staff. ICBA president and CEO Rebeca Romero Rainey echoes this sentiment.

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ATMIA Weighs In On Cashless Retail Ban Debate

PYMNTS

As had been reported late last month, in New York City, the city council held a hearing centered on a bill that would ban stores and restaurants from being able to refuse to accept cash. The bill still is slated for a public hearing by the New York City council’s Committee on Consumer Affairs and Business Licensing.

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Why ?Dining Out? Is About To Become A Much More Literal Term

PYMNTS

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 Union Square Hospitality Group runs 19 restaurants in New York City – including the QSR Shake Shack chain, which can run remotely indefinitely. .

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The Case for CSR

Banking 2020

Just last year, a federal appeals court decided that the Securities and Exchange Commission can’t force companies to say whether they got conflict minerals from troubled African nations. There’s a strong case to be made why such regulations, however well-intentioned, represent government intrusiveness.