Perficient

APRIL 2, 2021

Finally, views are sought for compliance with applicable laws and regulations, including those related to consumer protection. These technologies are also used to better target marketing in retail and customize trade recommendations in wealth management. Credit Decisions. Cybersecurity.

Regulation 309

Regulation Industry Risk Management Analysis 309

PYMNTS

JANUARY 14, 2019

Vietnam wants to be a cashless society, according to a report in Financial Times , but bank regulations are hindering the country’s ability to do so. However, because of the regulation issue, Vietnam is behind other countries in the ASEAN 5, and there’s no change in sight unless regulations change.

Regulation 123

Regulation Payments Compliance Maine 123

PYMNTS

FEBRUARY 6, 2020

Buy now, pay later (BNPL) company Afterpay has pushed back against the Reserve Bank of Australia’s potential regulation of its fees. “Afterpay’s unique characteristics and value proposition to merchants and consumers means it should not be considered a payment system,” Eisen said. “As percent on the news.

Regulation 141

Regulation Google Policies System 141

PYMNTS

DECEMBER 9, 2018

With retailers struggling to get compliant with the Payment Card Industry Data Security Standard , qualified security assessors are going to be in more demand and can offer tokenization as one way of achieving compliance. That’s according to TokenEx , which recently hosted a webinar to help retailers better understand tokenization.

Retail 194

Retail Report Compliance Security 194

PYMNTS

FEBRUARY 14, 2019

And, whether a service offers streaming or on-demand delivery, it needs to make purchasing and payments as seamless as possible for the consumer. From 7-Eleven to H&M , retailers are adopting digital payments and artificial intelligence (AI) technology to bring more convenient experiences to their customers.

Retail 129

Retail Online Payments United States 129

PYMNTS

SEPTEMBER 6, 2019

Legal marijuana may have a massive payments problem, but that’s not stopping retail innovation in perhaps the newest area of legitimate commerce in the U.S. Experts on dispensaries say such labeling is the only way to get around federal banking regulations. Big Retail. and Canada. Companies also have made more than $6.5

Retail 121

Retail Innovation Colorado Payments 121

PYMNTS

SEPTEMBER 19, 2019

So goes Amazon, so goes most of the rest of the retail world, with the eCommerce operator’s influence also extending to payments. After all, numerous studies point to the increasing importance of sustainability among shoppers – especially younger ones – when it comes to making retail decisions. We might soon find out.

Retail 168

Retail Payments Apple Study 168

PYMNTS

JUNE 3, 2020

The Reserve Bank of Australia (RBA), the country’s central bank, is considering reducing the cost of electronic payments for merchants and consumers as COVID-19 makes e-banking preferable, Assistant Governor Michele Bullock said on Wednesday. I expect that there will be action on this issue more quickly now,” she said.

Regulation 131

Regulation ATM Payments Cards 131

PYMNTS

JUNE 8, 2020

Retailers have had to swiftly adapt to markets where online transactions have ballooned exponentially. Even customers still shopping in stores are desiring digital payment methods such as contactless cards that allow them to pay without using cash or checks that may carry traces of the virus. financial and payment services UK Finance.

Payments 150

Payments Regulation Retail Online 150

PYMNTS

JULY 12, 2019

Trends in legal cannabis retail are just now emerging, and fresh numbers from Colorado are providing insight into how the industry is evolving. Other figures also point to how much consumers are spending on legal retail pot. Payments Progress. Legal retail cannabis may be spreading throughout the U.S.,

Retail 154

Retail Colorado Regulation Compliance 154

PYMNTS

DECEMBER 28, 2020

Large Chinese companies, including Alibaba and rivals Tencent , food delivery giant Meituan and retailer JD.com , have lost almost $200 billion in Hong Kong since regulators announced last week that they were investigating Alibaba's reported monopolistic practices, according to Bloomberg. Regulators on Sunday (Dec.

Regulation 141

Regulation Google Report Capital 141

PYMNTS

JUNE 25, 2019

More financial regulators are talking about Libra and saying that Facebook’s recently announced cryptocurrency won’t launch without close scrutiny, according to a report by the Financial Times. . The FSB and the FCA have joined with the Bank of England (BoE) and the G7 in speaking out about the currency and its need for regulation. .

Regulation 122

Regulation cryptocurrency Retail Payments 122

PYMNTS

DECEMBER 9, 2019

In today’s top news in payments, Goldman plans to launch a robo advisor for clients with lower investment capital than traditional customers, and Apple plans to offer 0 percent installment financing on iPhones bought with the Apple Card. Regulators Call for ‘Vigilant Monitoring’ of Big Tech’s Financial Data Use.

Regulation 131

Regulation Data Apple Payments 131

The Paypers

JULY 19, 2021

The Central Bank of the UAE (CBUAE) has unveiled the Retail Payment Services and Card Schemes Regulation, the fourth regulation in the enhancement journey as it prepares the UAE for a new era of digital payments.

Regulation 31

Regulation Retail Cards Payments 31

PYMNTS

SEPTEMBER 28, 2020

Banks, businesses and consumers fundamentally altered how they interacted with each other in the early months of the COVID-19 pandemic — and regulators tasked with making sure their data and payments are kept safe took notice. Regulators in countries like Egypt have only recently rolled out their data protection rules.

Online 151

Online Report Payments Regulation 151

PYMNTS

MARCH 30, 2020

Retailers are dutifully speaking with their payment service providers (PSPs) and industry partners to adhere to these shifts, but they must also keep their customers’ experiences in mind. retailer trade group, Retail Industry Leaders Association ( RILA ), told PYMNTS in a recent interview.

United States 131

United States Retail Customer Experience Data 131

PYMNTS

JULY 17, 2019

The second Payment Services Directive ( PSD2 ) groundwork laid out in 2016 is about to come to fruition in a few months – Sept. The deadline is looming for merchants and payments providers to comply with new requirements for authenticating online payments in Europe. 14, 2019, to be exact. For example, U.K.-based To some degree.

Retail 162

Retail User Experience Compliance Regulation 162

PYMNTS

JUNE 26, 2019

Two more financial regulators have warned that they won’t allow Facebook ’s planned cryptocurrency, Libra , to launch without looking at it closely. A wider use of new types of crypto assets for retail payment purposes would warrant close scrutiny by authorities to ensure that they are subject to high standards of regulation.”.

Regulation 141

Regulation cryptocurrency Retail Payments 141

PYMNTS

OCTOBER 5, 2020

Retailers must protect customers’ card data from hackers who try to snatch payment details, and following best practices to ensure security requires adhering to the regulations established by the PCI SSC, a global payments industry forum. Compliance Complexities. Orchestrating A Solution.

Cards 207

Cards Data Compliance Payments 207

PYMNTS

FEBRUARY 8, 2019

The payments landscape in Europe is set to change later this year, with PSD2 joining GDPR in a kind of early 21 st -century digital balancing act. Meanwhile, airlines and other travel vertical players face fresh pressures on alternative payments , and new payday loan regulations are looming. 2020: When new U.S.

Payments 182

Payments Regulation Compliance Operations 182

PYMNTS

JANUARY 23, 2020

23) passed a ban on cashless food and retail stores. With the program, they’ll be able to complete bank transfers, make electronic payments and use eWallets with apps to pay for services. In Britain, supermarket Tesco recently drew criticism for doing away with cash payments on its ‘Scan As You Shop’ program.

New York City 236

New York City New York Retail social media 236

PYMNTS

NOVEMBER 9, 2018

The ascent of eCommerce and the digital tools that support it have made it easier — in both theory and practice — for retailers to not only see how consumers browse and what they buy (to analyze the entire path to purchase), but to get to know them in the same ways as those old-time general store operators who served small towns.

Innovation 174

Innovation Retail Maine Security 174

PYMNTS

MAY 16, 2019

Jack Ma, the Chinese billionaire and founder of Alibaba, expressed concerns technology companies will be harmed by increased regulation coming out of Europe. With lawmakers and regulators around the world clamping down on technology companies, the European Union has become one of the fiercest critics of tech companies.

Regulation 166

Regulation Innovation Guidelines Conference 166

PYMNTS

JANUARY 16, 2020

In addition, any firms that carry out crypto asset related activity within the scope of the FCA’s regulations must register with the authority before conducting business. Back then, the FCA recommended a ban on retail investors’ ability to trade on crypto derivatives platforms. million a year. shut down late last year.

Regulation 132

Regulation cryptocurrency User Experience Operations 132

PYMNTS

DECEMBER 31, 2020

Fast-forward to the present, and Afterpay now counts more than 11 million active customers at 63,000 retailers – and most recently reported doing $2.1 That’s because paper becomes the default method of payment when something goes awry — such as when banking credentials can’t be authenticated or identity cannot be verified.

Innovation 289

Innovation Payments Trends Regulation 289

PYMNTS

MARCH 15, 2019

Connected commerce is among the hottest trends in retail, and not just for streaming or ridesharing or online gaming services, but for subscription purchases, too. For those online transactions that rely on cards on file to complete recurring payments, however, that figure tends to drop to the 60 percent range on average, he said.

Retail 146

Retail Payments Cards United States 146

PYMNTS

DECEMBER 17, 2020

Fraud protection specialist Kount and Philadelphia-based payments platform FreedomPay are teaming up to offer “an integrated, complete solution to enable international expansion with fraud-free payments and frictionless customer” experiences.

Fraud 174

Fraud Payments Philadelphia social media 174

PYMNTS

FEBRUARY 12, 2019

Lawmakers and regulators in the U.K. Reuters , citing lawmakers and regulators in the U.K., Meanwhile, Charles Randell, Payment Systems Regulator (PSR) chair, told a committee that everyone is in agreement that the system needs to be looked at with fresh eyes. Reuters reported separately that the consumer group Which?

Regulation 108

Regulation System ATM Groups 108

Chris Skinner

JANUARY 13, 2017

It has some key announcements in there, so I’m reproducing the speech here for those interested in immediate payments and what Europe is doing. Keynote speech … The post 2017 – a decisive year for retail payment services in Europe appeared first on Chris Skinner's blog.

Retail 150

Retail Payments Conference Innovation 150

PYMNTS

JANUARY 12, 2021

That includes Payments-as-a-Service (PaaS) in which providers help enterprises accept a range of transactions from their end customers — whether those end users (the ones actually paying and getting paid) are consumers or corporates. Technology brings the concept of flexible payments into reality. Flexibility Is Key.

Payments 260

Payments Compliance Technology Taxes 260

PYMNTS

JANUARY 6, 2021

In Mexico, the pandemic is moving the needle toward digital payments — specifically mobile payments — to become more widely embraced by businesses and consumers alike. Call it a way to solve the “chicken and egg” problem that is so firmly entrenched in payments. The costs of entry are relatively low,” maintained Diaz. “If

Payments 363

Payments User Experience System Mobile 363

PYMNTS

JULY 25, 2018

The Payments Systems Regulator (PSR), Britain’s official payment watchdog group, has announced it will be reviewing banks that process card transactions on merchants’ behalf to evaluate whether customers are getting the best deal. “Card payments are critical to the smooth running of the U.K.

Regulation 100

Regulation Cards Retail System 100

PYMNTS

NOVEMBER 12, 2020

In today’s top payments news around the world, Visa is rolling out a new program meant to link European financial institutions (FIs) and merchants with cutting-edge digital payment offerings, Payments Canada is teaming with Mastercard’s Vocalink to advance a new Real-Time Rail (RTR) payment system.

Payments 142

Payments Fintech Exercises Risk Management 142

PYMNTS

OCTOBER 20, 2020

Grocery stores and other retailers looking to process SNAP EBT payments online just got another tech option as the pandemic reshapes shopping habits. 20) announced that its payment gateway integration for eCommerce platforms now supports SNAP EBT payments made online. Cardknox on Tuesday (Oct.

Online 130

Online Payments Retail Security 130

PYMNTS

NOVEMBER 5, 2018

China is reportedly looking at new regulations that would impact Alibaba and Ant Financial in an effort to boost oversight of financial holding companies. The WSJ quoted Alibaba, saying it “stepped up its investment to acquire more users and capture growth opportunities of the offline payment market,” which hurt results.

Regulation 128

Regulation Company Taxes Groups 128

PYMNTS

DECEMBER 12, 2018

The number of merchants accepting card payments around the world grew by 13 percent in 2017, to 69.2 RBR, a research and consulting firm for banking and retail, released a forecast of payment card data through 2023, and found that card payment acceptance is growing at a fast rate. million, according to a report.

Cards 178

Cards Payments Regulation Regional 178

PYMNTS

MAY 18, 2016

In a 405-page document by the United Kingdom’s Competition and Markets Authority (CMA), a number of proposals came to light that would encourage more competition and reform in retail banking.

Retail 100

Retail Regulation Comparison Tools 100