CFPB Monitor

AUGUST 25, 2022

On August 8, 2022, the District of Columbia Department of Insurance, Securities and Banking (the Department”) issued a Bulletin on money transmission (the “Bulletin”). District Court for the District of Columbia in United States v. Such entities require a money transmitter license to operate in the District.”

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District of Columbia Security Bitcoin cryptocurrency 78

PYMNTS

APRIL 2, 2020

Security is an ongoing concern as well, with countless fraudsters set on hacking CUs to obtain customers’ data. One of the things that we often say is that we always have to be mindful of protection and security,” Anderson said. CUs need to ensure that their operations are secured if they want to maintain member loyalty.

United States 174

United States Security Innovation Mobile 174

PYMNTS

MAY 9, 2016

Though the industry knew it was coming, the sharp migration of fraud from in-store to online channels with the growing adoption of EMV is still enough to keep any online merchant up at night. The data show that since the October 2015 EMV liability shift, United States fraud attacks have jumped by 11 percent.

Fraud 100

Fraud Online United States Cyber Security 100

PYMNTS

JUNE 11, 2018

In news that might please frat boys, fans of European beer and owners of man caves, Heineken has started online sales of its home tap machines and the two-liter kegs that work with it. But this is not Heineken’s first foray into online beer sales. Online alcohol sales in the United States reached $1.7

Online 115

Online United States New York City Georgia 115

PYMNTS

SEPTEMBER 29, 2020

And in an interview with PYMNTS, Jacob Shoihet , co-founder and CEO of the online financing platform Marco Financial , said the problem is particularly acute for exporters. “In Ideally, we’d want to be a financing partner for every buyer relationship that they have in the United States,” Shoihet said.

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United States Regional America Trends 286

PYMNTS

SEPTEMBER 29, 2017

Through the EU’s passporting system, the new license enables PingPong to operate throughout the continent, thus better facilitating eCommerce transactions between China and Europe through PingPong’s cross-border eCommerce payments services. PingPong has shown it can operate in the sound regulatory environment in the EU.

Security 129

Security Payments Fintech United States 129

PYMNTS

JANUARY 1, 2021

As reported in this space , the DSA and DMA cover online marketplaces, social media and other platforms. The proposal also mandates more disclosure on "online advertising and on the algorithms used to recommend content to users.". The watchdog would be known as the Digital Markets Unit. which of course is Brexit-ing the EU).

Regulation 352

Regulation social media Course Apple 352

PYMNTS

JULY 23, 2020

has filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the Eastern District of Virginia. The retailer and “certain of its subsidiaries” have come to a restructuring support agreement (RSA) with more than 68 percent of secured term lenders, according to a Thursday (July 23) statement.

Virginia 140

Virginia United States Retail Operations 140

PYMNTS

AUGUST 16, 2020

Jitse Groen , leader of one of the world’s largest food delivery platforms, told the BBC he intends to stop using the independent contractors at his European operations. “We’re In addition, employers must pay taxes for workers, including one half of their social security and Medicare taxes along with state unemployment taxes.

San Francisco 253

San Francisco Taxes California United States 253

PYMNTS

JANUARY 24, 2020

In today’s top news, The Clearing House (TCH) is increasing the value limit for general transactions on the TCH-operated real-time payments (RTP) network, Verizon is working with financial firm Synchrony to put out its own consumer card and the United States is moving to get tough on the sale of counterfeit merchandise through eCommerce.

Cards 130

Cards United States Payments Innovation 130

PYMNTS

DECEMBER 8, 2020

Many of these processes had begun to shift to digital channels within the past several years, however, and the health crisis has caused the online shift to pick up steam at an incredible pace. Despite these digital developments, there are still hurdles that banks and other financial firms must overcome. KYC requirements are nothing new.

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Video Report Meeting United States 211

PYMNTS

JANUARY 8, 2019

Flytrex claims to have the first “golf course delivery system” in the United States, as well as an aerial mail delivery program in the Ukraine. The company also partnered with online marketplace Aha in 2017 to debut an on-demand delivery service in Iceland’s capital, Reykjavik.

North Carolina 111

North Carolina Company Security Course 111

PYMNTS

JULY 28, 2019

Initial coin offering (ICO) consultant CoinLaunch will pay $50,000 to settle with the Ontario Securities Commission (OSC). According to the regulator’s website , CoinLaunch was consulted on two ICOs, with both determined to be securities. percent bitcoin back on all online purchases at Safeway.com.

Bitcoin 116

Bitcoin United States cryptocurrency Security 116

PYMNTS

OCTOBER 13, 2020

Across the globe, terrorists and criminals are leveraging cryptos in what is gearing up to be a significant national security threat to the United States. That’s according to the U.S. and international sanctions, and decrease America’s influence in the global marketplace.

cryptocurrency 206

cryptocurrency United States social media Regulation 206

PYMNTS

JANUARY 21, 2021

Financial institutions (FIs), FinTechs and other businesses that are looking to enable these rapid payments must therefore ensure that their security and fraud-fighting approaches are up to the challenge. Stronger security strategies and solutions could help turn the tide and boost adoption. Recent surveys found that 38 percent of U.S.

Fraud 231

Fraud Security Payments United States 231

PYMNTS

JUNE 29, 2020

The rise of online and contactless transactions in the European Union, for example, has meant that many merchants are making the bulk of their sales away from brick-and-mortar stores. Banco de España, Spain’s central bank, granted the license, which enables RevoluPAY to operate within all 27 EU member countries.

How To 239

How To Payments Management social media 239

Abrigo

JULY 13, 2023

Avoid fraud losses from pig butchering scams FinCrime professionals looking to prevent pig butchering scams in the age of cryptocurrency can follow these steps to tighten security. Pig butchering scams originated in Southeast Asia and have escalated significantly in the United States. billion in fraud losses in 2022.

Fraud 195

Fraud cryptocurrency Training social media 195

PYMNTS

FEBRUARY 17, 2020

Governments and institutions in Europe, India and the United States are experimenting with IoT solutions to enhance city life, and the technology is expected to create between $4 trillion to $11 trillion in value over the next several years. This efficiency can streamline access for operators as well as residents. “In

Security 252

Security Data United States Florida 252

PYMNTS

MARCH 27, 2020

While the advancement of open banking regulations may be seeing a small skip due to the spread of the coronavirus , many countries saw business and typical banking operations halted right after deciding upon new online privacy rules. Around The Data Protection And Security World. Security .

Data 199

Data Retail US California 199

PYMNTS

AUGUST 13, 2020

filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the Middle District of Florida, Jacksonville Division amid a challenging retail climate and the pandemic, the company said in a statement. Off-price specialty retailer Stein Mart, Inc. In July, Ascena Retail Group, Inc.

Retail 146

Retail Jacksonville Virginia United States 146

PYMNTS

APRIL 21, 2020

For bigger scores like financial institutions (FIs) and online merchants, scammers are using ransomware, account takeovers (ATO), phishing and other malicious means to shake down companies already reeling from disruptions. Next-Level Payments Security.

Fraud 159

Fraud Security United States System 159

PYMNTS

JANUARY 7, 2019

While Toys R Us has disappeared from the United States, it is going strong in Asia, which plans to open 60 new stores throughout the region this year. It currently operates more than 550 stores in the region. “We In addition, the company was looking for a buyer for its Canadian business.

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US United States Regional Operations 149

PYMNTS

NOVEMBER 18, 2019

18) that it has secured a distributor license from California, bringing it one step closer to bringing its first electric SUV, Byton M-Byte, to the United States. Once it secures a California dealer license, the entity will be able to sell and lease directly to customers in California and sell online in other states.

US 155

US California United States Retail 155

PYMNTS

JANUARY 26, 2021

Looking ahead at 2021, positive signs are on the horizon for the industry despite strains on CU operations due to the pandemic. CU members who reported shopping online at least several times a week increased by nearly 50 percent since the pandemic began last spring. Around The Credit Union Landscape .

Tools 276

Tools Los Angeles New Jersey Trends 276

PYMNTS

JUNE 15, 2020

Such items keep essential workers as well as the public safe from contracting or spreading the virus, and countries around the world have been scrambling to secure enough of these products. Businesses that normally produce backpacks have transformed their operations to make face shields, for example, and many others have made similar leaps.

United States 161

United States Report Operations Examples 161

PYMNTS

SEPTEMBER 10, 2018

Securities and Exchange Commission (SEC) announced that it has suspended trading in two investment products that track cryptocurrencies because there is confusion as to whether they are exchange-traded funds (ETFs). However, the coins offered during initial coin offerings very likely are entirely — or mostly — securities.

Bitcoin 100

Bitcoin cryptocurrency United States Security 100

Abrigo

JULY 20, 2017

AAR is the global leader for online news, product and innovation information on risk, compliance, and trading. Specifically, AAR highlights products and services spanning the full life-of-loan suite offered by Sageworks, a suite used by more than 1,100 financial institutions across the United States. Loan Administration.

Software 150

Software Report United States Compliance 150

PYMNTS

AUGUST 22, 2018

The online marketplace has disrupted any number of verticals, changing the way we shop and spend, and where we grab must-have items — from books to rugs to lamps, and sometimes from across international borders. Securities and Exchange Commission (SEC). Within that, how much is online? Why should luxury fashion be any different?

Online 101

Online Retail Branding Data 101

PYMNTS

NOVEMBER 6, 2017

The Social Security number (SSN) was never meant to get this much attention. In a wide-ranging discussion, Socure CEO Sunil Madhu and PYMNTS’ Karen Webster discussed the brave new world of identity security and verification, and what those terms mean when it should be assumed that all of your data has been compromised.

Security 109

Security Data Fraud Regulation 109

PYMNTS

JULY 31, 2017

After all, service industries make up more than three-quarters of the United States’ total GDP — and four out of five jobs. Why should merchants be the only ones who get to leverage the speed, convenience and low-friction environment of the online marketplace? As it turns out, they aren’t.

Online 113

Online Study Retail United States 113

PYMNTS

SEPTEMBER 25, 2018

The report noted that there is no internationally agreed-upon definition of what that activity might be, but for the confines of the report, it includes “all credit activity facilitated by electronic [online] platforms that are not operated by commercial banks.”

Fintech 172

Fintech Lending United States Regulation 172

PYMNTS

JANUARY 19, 2021

A new year has begun, but the pandemic continues to throw financial and operational curveballs at banks, businesses and their consumers regarding how they conduct daily tasks or routine payments. Bad actors have exploited these flaws to steal $2 billion to date, representing 2 percent of the $110 billion in claims the state sent out in 2020.

Fraud 155

Fraud Tools Mobile North Carolina 155

PYMNTS

JULY 24, 2019

To provide sellers with cost-effective fulfillment that increases reliability and the speed of delivery, eBay plans to roll out Managed Delivery next year starting in the United States. And, while eBay will power the Managed Delivery experience via a global technology platform, third-party partners will run the operations.

Management 100

Management United States Branding Online 100

PYMNTS

FEBRUARY 27, 2019

The app allegedly violated the Children’s Online Privacy Protection Act (COPPA), which requires that companies get parental permission before collecting data from children under the age of 13. Since 2014, 200 million users downloaded the app, with 65 million accounts in the United States alone.

Data 134

Data Video United States Operations 134

PYMNTS

JULY 19, 2019

The parent of the Toys R Us brand, Tru Kids , plans to bring stores under the legendary name to the United States for the 2019 holiday season. That news came after reports emerged in April that the retailer was no longer accepting online orders through its website. It will also expand Curaleaf’s presence from 12 to 19 states.

Retail 150

Retail US New York United States 150

PYMNTS

APRIL 9, 2020

This is something that is noticeably difficult when many of these entities in the United States, for instance, still rely on checks as the go-to disbursements default. Small- to mid-sized businesses (SMBs) have been hit especially hit by COVID-19, as they reel from shrinking budgets and rising costs to stay in operation.

Taxes 178

Taxes Mobile Fraud United States 178

PYMNTS

OCTOBER 11, 2019

The value of online payments for all transactions is set to blow past $6 trillion by 2024, and much of this money will be spent via person-to-person (P2P) marketplaces. However, the more comfortable consumers grow with online payments and marketplaces, the harder it becomes for platforms to keep them satisfied.

Online 124

Online Case Study United States Payments 124