PYMNTS

OCTOBER 19, 2020

Regulation. Two government officials from European nations have advocated to have watchdogs engage in preventative measures against Big Tech to reduce their strength and handle on the market, according to reports. The new regulations would also reshape the manner in which these companies collect and harness information.

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PYMNTS

JULY 26, 2016

For others, however, entire national economies can be affected. According to the UN Conference on Trade and Development (UNCTAD), that’s exactly what’s happening in some developing nations, in which invoice errors across Africa and South America are leading to the loss of up to two-thirds of commodity export value.

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PYMNTS

NOVEMBER 22, 2019

The startup is also getting ready for a public listing next year and is aiming to take care of regulatory issues with different cities across the nation. 5 when Jersey City residents voted to apply more regulations to short-term rentals. The lawmakers were hoping the CEO would meet with them in the next two weeks to answer questions.

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PYMNTS

SEPTEMBER 17, 2020

In notes on its most recent (August) meeting of the bank’s Payments System Board, the members said that “at present there is not a strong public-policy case for issuance in Australia, given that the electronic payments system in Australia compares very favorably with those in many other countries and access to cash remains good.”.

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Abrigo

AUGUST 9, 2019

Banks and credit unions must learn about these upcoming changes, adjust for them, and meanwhile continue to operate their existing institutions and meet customers’ needs while following all of the regulations that come with being a financial institution. Financial institutions are dealing with enormous change these days.

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Abrigo

JULY 28, 2021

How the pandemic affected the allowance under the two models Abrigo analyzed proprietary loan-level data from FIs operating under the two different models and found contrasting stories of how reserve and provision levels progressed after the pandemic began. Would you like other articles like this in your inbox? Haven't adopted CECL yet?

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PYMNTS

FEBRUARY 19, 2019

According to CoinDesk , the agency, which serves under the country’s Ministry of Trade, has stipulated that crypto futures exchanges must be registered and approved before operating. The new regulations state that these futures exchanges and clearing houses need to have paid-up capital of at least 1.5 trillion Indonesian rupiahs.

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PYMNTS

FEBRUARY 6, 2018

Reuters reported news on Tuesday that banking regulators from seven states across the United States are working to, as the newswire reported, “streamline” the FinTech reporting process, with an eye on those tech firms having an easier road toward offering their products and services across the nation.

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PYMNTS

JUNE 16, 2018

Russia’s corporate treasurers are working with the nation’s central bank on a blockchain initiative, reports in CoinDesk said Friday (June 15). Russia’s FinTech Association and 14 of the nation’s largest banks collaborated on the development of Masterchain, reports noted, citing a white paper.

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blockchain National New York cryptocurrency 113

NCR

NOVEMBER 30, 2016

Time is running out for every financial institution (FI) operating in the EU to be compliant with the latest directive governing payments from the body. In fact, there are several opportunities that will emerge as a result of the regulation that should benefit both FIs and consumers. What are the key changes? Managing the risks.

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PYMNTS

DECEMBER 2, 2019

Looking back at 2019, and at cryptocurrencies, we may well make the declaration that fraudsters got a lot more brazen … which may mean 2020 is the year lawmakers and regulators clamp down through a global, concerted effort to root out financial crime. North Korea stands out in this respect.

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Fraud Report cryptocurrency National 130

Insights on Business

MARCH 5, 2019

Reducing costs but appeasing regulators seems like an oxymoron, yet, many AML compliance and operations leaders are being asked to do just that. The question is, how to do this, while keeping the regulators happy? Even better, regulators have recently begun encouraging the application of these techniques.

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Independent Banker

MARCH 31, 2022

“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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CFPB Monitor

MAY 31, 2022

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.” Responsible Innovation “.

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PYMNTS

FEBRUARY 26, 2019

Meanwhile, South Korean cryptocurrency exchange Coinbin has declared bankruptcy after losing millions of dollars due to “increased debt” and “government regulation.” The group plans to present its findings at the annual SIBOS conference in London in October. “A A new world of tokenized assets and blockchain is coming.

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PYMNTS

JANUARY 29, 2018

finds companies are unprepared for the upcoming General Data Protection Regulation (GDPR). For the businesses that are aware, a bit more than a quarter said they’ve made changes to their operations in order to comply with the new rules aimed at data privacy and security. A new report released in the U.K.

Cyber Security 112

Cyber Security Survey Regulation Security 112

FluentBanking

MAY 17, 2020

Even though there is a lot of controversy about the present banking system, nobody will disagree that this is the lifeline of Bangladesh economy. However, the banking acts and regulations has changed time to time to cope with the modern world. Presently, there are 60 scheduled banks actively working toward the advancement of economy.

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CFPB Monitor

AUGUST 7, 2020

On July 31, 2020, the Office of the Comptroller of the Currency (OCC) approved the national bank charter application of Varo Bank, N.A., team — the first consumer fintech to receive a national bank charter. As other fintechs mature and grow nationally, the message from the federal banking system is: come on in. Varo Bank, N.A.’s

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PYMNTS

DECEMBER 2, 2019

Looking back at 2019, and at cryptocurrencies, we may well make the declaration that fraudsters got a lot more brazen … which may mean 2020 is the year lawmakers and regulators clamp down through a global, concerted effort to root out financial crime. North Korea stands out in this respect.

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PYMNTS

APRIL 12, 2019

More specifically, in Australia, contactless presents itself as a very promising area around which to build such partnerships and innovation. 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.

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Perficient

JULY 11, 2022

Since Square purchased Afterpay, customers can get an Afterpay card to use with participating retailers that operate with Square, which lets customers use Afterpay for in-store purchases. Afterpay is offered at thousands of merchants – notable names include Nordstrom, Bed, Bath & Beyond, and Nike.

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CFPB Monitor

NOVEMBER 29, 2021

Federal banking regulators have been busy in this space. In the Joint Statement, the Agencies state that they “recognize that the merging crypto-asset sector presents potential opportunities and risks for banking organizations, their customers, and the overall financial system.” Ancillary custody services.

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Independent Banker

NOVEMBER 30, 2022

Clockwise from top left: Grand Ridge National Bank, Wheaton, Ill.; Once we’ve been here for 10 years, we are awarded a three-month paid sabbatical,” says Emilie Johnston, chief operations officer. We don’t operate from a position of fear.”. Grand Ridge National Bank: The premier league. Grand Ridge National Bank.

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PYMNTS

MARCH 8, 2018

WorldRemit is focused on P2P , and its experience has implications for B2B operations, Nazzaro said. Cash means you have to be physically present and, across the world, a lot of the things people want to do with the funds they are receiving do not require physical presence.”. But entering the B2B realm is bound to present new hurdles.

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Compliance Regulation Online Payments 101

Gonzobanker

DECEMBER 14, 2023

You are all aware we have detailed, sophisticated rules and methodologies we use to present these coveted awards – or, well, maybe we don’t. Honorable Mentions – while this was a quiet year for M&A, we tip our hat to Atlantic Union’s acquisition of American National Bank and Eastern Bank’s acquisition of Cambridge Bank.

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PYMNTS

JANUARY 29, 2020

As online lending platforms proliferate among the SMB borrowing community, however, experts warn that a lack of regulation means these companies rarely publicly reveal interest rates and fees. One might think that once a borrower is presented with a 358 percent rate, they’d run – fast. MacKrell highlighted the work of U.S.

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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?

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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?

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PYMNTS

FEBRUARY 7, 2020

At present, Edwards said, there’s a bit of a disconnect between the way consumers would like to be paid and the way businesses are actually paying them. As he said, the patient and provider information that is required to satisfy regulations for healthcare disbursements is increasingly being collected, stored and disseminated digitally.

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Payments Data System Security 164

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.

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PYMNTS

JANUARY 14, 2021

One key distinction is that the account itself is free of charge – and at present, there is even a sign-up bonus for new users equivalent to 30 U.S. cents, which helps spur adoption (especially on the merchant side). And fees are not incurred until users actually take advantage of the services on offer and transact.

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PYMNTS

NOVEMBER 5, 2019

Digital identities are gaining popularity across industries as businesses, services and other operations increasingly move online. Consumers are normalizing the use of digital identifiers, such as biometrics or passwords, rather than presenting physical identity documents like driver’s licenses or passports.

Data 101

Data Fraud Security Trends 101

PYMNTS

JULY 27, 2016

Small businesses present some conflicting views on the U.S. More small business owners this year also expect to hire new staff compared with 2015, and more small business owners also expect to invest in operational technology. With all of this good news, one might expect the national economy to follow suit. on a national scale.

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National Resources Survey Report 100

PYMNTS

JANUARY 28, 2019

According to an investigation by Sixgill, $250,000 of Fortnite items were sold on eBay in the last 60 days, with operations being conducted around the globe in Chinese, Russian, Spanish, Arabic and English. According to a reports, the antitrust-regulating European Commission has been working for some time to stamp out fees that U.S.

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PYMNTS

OCTOBER 14, 2019

s National Health Service in addition to 400,000 businesses worldwide, with the inclusion of Ford, Pixar and Toshiba. So went the narrative, which formed the central thesis of a study about the regulated taxi industry in the City of San Francisco and was presented to then-mayor Gavin Newsom in 2006.

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Abrigo

AUGUST 26, 2015

This is the sentiment of several high-profile executives regarding the National Credit Union Administration’s (NCUA) stance on examination cycles for credit unions. There’s been much back and forth over the last week on this subject and the NCUA’s desire to stick to a 12-month examination cycle for the financial institutions it regulates.

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South State Correspondent

JULY 25, 2022

We have poured through the recent 2Q earnings releases, spoken with a rash of institutional bank investors, traded thoughts with analysts, and compiled the following list of concerns that bank stakeholders (employees, shareholders, vendors, and regulators) now have. Regulation: What are your regulators concerned about?

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