PYMNTS

NOVEMBER 9, 2020

Regulation. EU Gears Up To Propose New Big Tech Regulations. Australian Regulator Looks Into Merger Law Changes. million) penalty for not following a new social media law, Reuters reported, citing Omer Fatih Sayan, the deputy transport and infrastructure minister.

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PYMNTS

JANUARY 18, 2022

18) that it plans to regulate cryptocurrency advertising like other financial products and ensure that promotions are “fair, clear and not misleading,” according to a Bloomberg report. 17), Spain’s market regulator enhanced controls on crypto-related ads, saying they must include a warning that investors risk losing all their money.

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PYMNTS

JUNE 23, 2019

BIS said that the social media firm’s recent announcement that it aims to roll out its Libra digital currency and grow into payments has focused the minds of central bankers as well as regulators, Reuters reported.

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PYMNTS

JUNE 29, 2020

The pandemic has drastically affected how consumers are shopping and paying for even routine purchases, and this in turn has altered how businesses are accepting their payments. The health crisis has brought about changes to this rule, however, and these may have long-term implications for payment standards and regulations.

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PYMNTS

JUNE 24, 2020

Brazil’s Central Bank has suspended WhatsApp’s payment feature in the country, citing antitrust concerns, according to Bloomberg on Tuesday (June 23). Mastercard and Visa have been requested to stop payments and money transfer services through the app in Brazil as well, the bank said.

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Payments social media System Regulation 282

PYMNTS

DECEMBER 4, 2019

Federal banking regulators support using alternative methods to assess creditworthiness to help high-risk people get loans, The Wall Street Journal (WSJ) reported on Tuesday (Dec. The regulators added that agencies choosing to tap into alternative data should do so judiciously.

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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. Today, they’re pretty much everywhere.”.

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PYMNTS

NOVEMBER 3, 2020

The Shanghai Stock Exchange is reportedly delaying Ant Group’s record initial public offering (IPO) following Jack Ma’s meeting with Chinese regulators, during which he said Ant Group was a tech company, not a bank. B2B Payments Deep Dive Shows Paper Checks Have An Expiration Date. Ant IPO Postponed by Shanghai Stock Exchange.

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Groups Regulation social media Apple 137

PYMNTS

JULY 2, 2020

WhatsApp will be allowed to operate its payments service in Brazil once the company formally seeks permission and shows it can operate in the country without putting customers’ data at risk or violating rules intended to preserve competition, the company’s chief central banker said Thursday, according to Reuters. and other countries.

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Abrigo

JANUARY 4, 2023

Although yet to be considered mainstream by most, cryptocurrency as an investment and payment method has become more commonplace. The Federal Bureau of Investigation (FBI) states that crypto is becoming the preferred payment method for many types of scams—and not just on the dark web, where crypto is used to fund illegal activity. .

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PYMNTS

SEPTEMBER 30, 2020

Consumers and businesses have been moving online in recent years, and regulators from the European Union to the Middle East and North Africa (MENA) region have worked to keep up with this migration. The pandemic is dramatically altering how merchants can transact, which data they can store and where they can store it, however.

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Regulation Data Regional Examples 175

PYMNTS

MAY 16, 2019

Across the European Union (EU), technology providers and social media platforms are increasingly playing a bigger role in the Open Banking ecosystem. At the same time, however, many players, like Facebook and Google , are squaring off against regulators that are looking at their data and payment policies with more scrutiny.

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social media Compliance Innovation Data 161

PYMNTS

DECEMBER 16, 2020

In today’s top payments news around the world, IBM has bought Canada-based Expertus Technologies, while Gojek is rolling out its new GoBiz Plus point-of-sale (POS) offering. Gojek Debuts POS System for Indonesian Merchants That Accepts Cashless Payments. Plus, Bridgetown Holdings is reportedly thinking about a deal with Tokopedia.

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PYMNTS

FEBRUARY 1, 2021

In today’s top payments news around the world, Grab said it has closed on a loan facility, while Getir announced on social media that it has come to London. Plus, European Union legislators have told four tech companies that they are willing to delay a potential hearing past its initially scheduled date. London, we’ve arrived!

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PYMNTS

JANUARY 13, 2020

Under a revamp, the strictest measures would apply to larger social media companies, according to the newswire, citing government sources. Social media firms such as Facebook and WhatsApp would face the stricter rules, which would also require that companies remove content deemed unlawful within 24 hours. In India, Too.

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PYMNTS

FEBRUARY 28, 2019

The regulator is stepping up an investigation after the report showed the apps sent data like body weight and menstrual cycles. The letters to app developers ask for contracts with Facebook, and a list of the fees and commissions it got from the social media giant. There are at least 11 apps involved in the investigation.

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PYMNTS

SEPTEMBER 24, 2019

Bank of Japan Head Haruhiko Kuroda spoke to business leaders in Osaka about the importance of having a coordinated global plan to regulate Libra and other cryptocurrencies, Reuters reported on Tuesday (Sept. He urged policymakers to ensure that the highest level of regulation is applied to such assets.

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PYMNTS

JUNE 24, 2019

The think pieces have come in waves, as have the reactions from analysts, cryptocurrency enthusiasts and regulators — and the world waits to see exactly what Facebook and its cadre of payments and commerce players design. There will be perceptual hurdles to clear, and regulators to convince.

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Payments cryptocurrency social media Regulation 179

PYMNTS

NOVEMBER 29, 2018

According to a report in Reuters citing the regulator, the Federal Cartel Office said Thursday (November 29) that it has received “many” complaints requestiong regulation of the business practices that Amazon has been engaging in recently. “ Amazon acts as a kind of ‘gatekeeper’ to customers.

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PYMNTS

SEPTEMBER 11, 2019

The Libra Association is petitioning the Swiss Financial Market Supervisory Authority ( FINMA ) for a Swiss payment system license for its planned Libra cryptocurrency, Reuters reported on Wednesday (Sept. The social media giant wants to move forward and launch Libra in June despite global questioning and hesitation.

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Payments social media cryptocurrency System 182

PYMNTS

AUGUST 23, 2018

The Tencent -owned site is also used for in-store purchases and payments, in addition to news.) In all, local media outlet Lanjinger has found that at least eight “legitimate” publications, according to The Next Web , have been impacted by the crackdown. Why WeChat?

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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

DECEMBER 12, 2019

The China Securities Regulatory Commission , China’s security watchdog, is setting up a technology regulation bureau and will announce Yao Qian as its new department chief, the Chinese business publication Caijing said on Wednesday (Dec. 11), as reported by Coindesk. Yao was the head of China’s central bank digital currency initiative. .

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PYMNTS

FEBRUARY 2, 2021

Hodges, known as the “Rookie Bookie” on social media, made her comments less than three months after Tennessee became the 20th state to launch sports betting on Nov. It has rapidly become clear to me that this is a meaningful, material, national, new vertical for money-in and money-out, which is what we do for payments,” Edwards said.

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Tennessee Payments social media Regulation 262

PYMNTS

SEPTEMBER 23, 2019

Advanced technology is increasingly raising the stakes of how CUs should operate, with members coming to expect the instant payments and slick mobile interfaces that large banks and FinTechs have made standard. Deep Dive: How CUs Leverage Social Media. Developments From Around The Credit Union Space. About the Tracker.

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PYMNTS

JANUARY 11, 2019

banking regulators asked lenders to help workers who couldn’t pay their bills or needed credit in the meantime, according to a report from Reuters. Some have turned to social media for help, using online fundraising sites or even selling possessions. As Friday (Jan.

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Regulation social media Washington Conference 139

PYMNTS

SEPTEMBER 16, 2019

Calibra CEO David Marcus, who’s heading up the organization pushing the proposed Facebook cryptocurrency Libra, has taken to social media to dispel the idea that the crypto is a danger to the status quo of the global economy, according to reports. . Money, he said, will “strictly remain the province of sovereign Nations.”.

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social media National Regulation Payments 156

Bussman Advisory

MARCH 10, 2023

The post Silicon Valley Bank is shut down by regulators | Meta exploring a new social network that could compete with Twitter | WealthTech Radar 2023 appeared first on Bussmann Advisory AG. We offer advisory services for the executive team and in-person or virtual courses with tailored topics.

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PYMNTS

FEBRUARY 5, 2020

In the middle are the consumers whose data fuels eCommerce, social media and basically the entire internet as we know it. The Merchants’ Guide to Navigating Global Payments Regulations , powered by Ekata, dives deep into this complex and unsettled topic, from possible abrupt retail impacts to long-term open banking repercussions.

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Google Data Regulation social media 288

PYMNTS

JUNE 20, 2019

Unlike social media … the terms of engagement for innovations such as Libra must be adopted in advance of any launch.”. One thing he wants to do right away is to enhance the coordination between financial regulators in the country. “To separates from the European Union. To remain a dominant player we in the U.K.

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PYMNTS

APRIL 24, 2019

The federal agency has accused the social media platform of violating a privacy consent decree from 2011. The FTC could also subject the social media giant to tougher checkups to prove it is complying with the settlement. Payments and Messaging. million Google paid to settle a consumer data probe in 2012.

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social media Payments Conference Data 108

PYMNTS

JANUARY 29, 2020

Facebook reported a 51 percent spike in its costs and expenses for the full year 2019 — that increase coming as the social media platform faces more questions from regulators and policymakers about its present and planned endeavors. Payments Move. 29), and reported that total costs and expenses hit some $46.71

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social media cryptocurrency Examples Report 142

PYMNTS

DECEMBER 15, 2019

Meanwhile, Bottle Pay, the bitcoin payments startup, closed down, noting the AMLD5 European Union regulation that is taking effect early in January, Coindesk reported. The Bottle Pay app once let users send small portions of bitcoin via social media handles and texts from Twitter to Telegram.

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Bitcoin blockchain Regulation social media 133

PYMNTS

MARCH 24, 2017

Online crowdfunding portal Funding Wonder has found its first business to use its regulated financing solution, the company said Thursday (March 23). While Regulation A+ has now legalized crowdfunding for SMEs in this way, analysts say it has been slow to gain traction in the U.S.

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Regulation social media Security Industry 100

PYMNTS

DECEMBER 18, 2020

The paper said that prior to the approval of vaccines by regulators in the United States and the European Union, authorities had warned that fraudsters would use the opportunity to launch scams or sell stolen doses.

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Report United States social media Guidelines 274

PYMNTS

AUGUST 24, 2020

Here’s the latest news from Facebook, Amazon and others, which are coming under increasing scrutiny from regulators, trade groups and politicians the world over. Regulations. The social media company has indicated that the Access Act, a proposed data portability law, is a first move in the right direction.

social media 152

social media Data Apple Compliance 152

PYMNTS

APRIL 22, 2016

The online tech and finance sector in China has grown by leaps and bounds, but that means that “fly-by-night” and other dubious payments firms and activities must be more closely monitored. FT noted that some analysts feel competition is hobbled by a social media presence.

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