PayPal Changes Seller Refund Fee Policy

PYMNTS

While the company had rolled back the policy in April, it has decided to reinstate collecting the initial 2.9 Earlier this year, PayPal updated its User Agreement to change our refund policy,” a PayPal spokesperson told The Verge. “In

EU Shakes Up Digital Policy To Get Competitive In Tech

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The proposed plan to revamp the region’s digital market policy also includes measures to limit data control by Google, Facebook, Amazon and other Big Tech firms. Europe Big Tech data digital policy EU European Commission News What's Hot

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Nothing to suggest trickle-down monetary policy will suddenly work

American Banker

Crisis management Monetary policy Federal Reserve Dodd-Frank Economy CoronavirusThe Fed must set up a ‘family financial facility’ that sends billions to households and small businesses so banks don’t misdirect relief funds.

IBM Announces Policy Lab To Help Ensure ‘Trustworthy’ Tech

PYMNTS

With the new IBM Policy Lab, IBM is looking to regulate artificial intelligence (AI) development in a way that is safe, but does not infringe upon the creation of new technology, reports said. Leclerc is also chairman of the Software Alliance’s Europe, Middle East and Africa Policy Committee.

Amazon Go policy shift seen as response to legislative pushback

Mobile Payments Today

The move by Amazon to reverse policies for its cashierless Amazon Go stores is being seen as a response to growing economic and political pushback against the impact of Silicon Valley on major segments of U.S.

ECB Policy Maker Says Banks Must Find Libra Alternatives

PYMNTS

A European Central Bank (ECB) policy maker is urging banks in the area to find alternatives to Facebook’s proposed cryptocurrency Libra, according to a report by Bloomberg. Cryptocurrency cryptocurrency european central bank Libra monetary policy News What's Hot

Apple Card’s New Privacy Policy Allows More Data Sharing With Goldman, Adds Transaction Details

PYMNTS

Apple has updated Apple Card’s privacy policy to allow more sharing of anonymous data with partner Goldman Sachs, according to a report. The change will separate Apple Card ’s privacy policy from that of Apple Pay; the two used to have identical policies. You may be eligible for certain Apple Card programs provided by Goldman Sachs based on the information provided as part of your application,” Apple’s new policy says.

Introducing Policy Packages for Microsoft Teams!

Perficient Financial Servies

So you may have clicked on this link thinking, “what the heck is a policy package and why haven’t I heard of this?” In this article we’ll be discussing what a policy package is and how you can use them within your organization. How do I use policy packages?

German Rep Resigns From ECB Board Amid Policy Disputes

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Sabine Lautenschläger, Germany’s representative on the European Central Bank’s executive board, has resigned over the institution’s changes to its monetary policy. International european central bank executive board Germany monetary policy News What's Hot

Testing Monetary, Fiscal Policy As ‘This Time Is Different’

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But underneath it all, the challenges are different this time around: “Back then, the near-collapse of the financial system froze credit and spending; the goal of monetary policy was to restart both,” Bernanke and Yellen wrote. This time is different, as the saying goes.

Lloyds Of London Looks At Driverless Car Policies

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Chief Executive Officer John Neal said that the 330-year-old insurance market is in discussions with automakers about different policies as car ownership changes. Lloyd’s of London is looking into its auto coverage options to prepare for the impending rise in driverless technology.

Visa Has Not Changed Bitcoin Purchase Policies

Bank Innovation

EXCLUSIVE—Payment processor Visa has not changed any policies related to the purchasing of bitcoin, the company told Bank Innovation. The company still allows Visa cardholders to make cryptocurrency purchases with “credit, debit, and certain prepaid Visa products,” it said in a statement.

China Uses Monetary Policy To Cure China’s Economic, Viral Ills

PYMNTS

Can monetary policy cure the ills of an economic slowdown caused by the Coronavirus ? Monetary policy needs to be measured, lest it strike fear into the very audiences it is designed to soothe – in this case, banks and consumers.

Airbnb Hosts Feel COVID-19 Impact With Policy Change

PYMNTS

After a change by Airbnb that lets visitors who had planned to travel during the next month get complete refunds on their reservations, homesharing hosts are being impacted by the COVID-19 pandemic.

Warren asks Fed nominee to clarify policy stances

American Banker

Trump administration Monetary policy Gold Career moves Policymaking Elizabeth Warren Senate Banking Committee Federal Reserve

Apple, IBM CEOs To Advise On Trump Workforce Policy

PYMNTS

Apple CEO Tim Cook and IBM CEO Ginni Rometty have been appointed to President Donald Trump’s advisory board that aims to direct the future of workforce policy. Regulation Advisory Board AI Apple Donald Trump Education IBM jobs News policy regulation What's Hot workforce

Netherlands Is First EU Country To Release GDPR Fining Policy

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The Dutch Data Protection Authority (DDPA) in the Netherlands has released its own General Data Protection Regulation (GDPR) fining policy, according to reports , and is the first European Union (EU) country to do so.

Amazon Effect Hits Central Bank Monetary Policy

PYMNTS

For monetary policy and those interested in inflation dynamics, the implication is that retail prices are becoming less ‘insulated’ from these common nationwide shocks,” Cavallo wrote in the paper. The aforementioned impact of shorter-duration pricing at retailers has implications for monetary policies, according to Bloomberg, as automatic adjustments to what are known as external shocks means that interest rate adjustments by the central bank may lose potency.

Sellers Push Back Against PayPal’s New Refund Policy

PYMNTS

If you close your account before May 7, 2019, the changes will not apply to you,” the company wrote in the policy update. Sellers aren’t happy with some of the changes that PayPal has made to its user agreement.

The EU’s policy on FinTech competition is …

Chris Skinner

Also released last week, the EU document has a different focus to the US one, which allowed national FinTech charter bank licenses to be … The post The EU’s policy on FinTech competition is … appeared first on Chris Skinner's blog. I cannot post a 222-page PDF from the US Government on FinTech and competition without also posting a 136-page PDF from the European Commission on FinTech and competition.

Kenya Gets Ready To Unveil Sandbox Policy

PYMNTS

In Kenya, the Capital Markets Authority (CMA) has issued its “FinTech Sandbox Guidance Note,” which is now finalized as policy.

Could central bank digital currencies kill monetary policy?

Chris Skinner

The Bank makes clear it’s not the opinions of the institution … The post Could central bank digital currencies kill monetary policy? I didn’t realise until the other day that the Bank of England has a blog Bank Underground. Finally, a boring old British bank with a blog.

MoviePass Changes Ticket Policy

PYMNTS

After making changes to its Android app and terms of service, MoviePass is adding another modification to its platform: Subscribers can now only watch a particular movie through its movie ticket subscription service one time, Android Central reported. “We We recently updated our Terms of Service to reflect that MoviePass subscribers are only permitted to see a select movie in theaters once with your MoviePass,” the company wrote on its website. “We

UK Government Won’t Delay ‘Loan Charge’ Policy

PYMNTS

Her Majesty’s Revenue and Customs (HMRC) has refused to delay a “loan charge” policy for tens of thousands of individuals in the U.K. The policy has not been well-received, and has even been linked to two suicides in the country.

Users Question Privacy Policy Of Chinese Face-Swapping App

PYMNTS

A Chinese app that lets users convincingly swap their faces with film or TV characters has rapidly become one of the country’s most downloaded apps, triggering privacy concerns, Reuters reported Monday (Sept. Released on Friday (Aug.

Wells Fargo Softens Overdraft Policy

PYMNTS

The new per-transaction threshold complements the bank’s existing policy of not charging an overdraft fee if a customer’s available balance and ending account balance is overdrawn by $5 or less and no items are returned for non-sufficient funds at the end of processing for that business day. Aiming to boost its reputation after a fake account scandal last year, Wells Fargo announced Tuesday (Nov. 14) the launch of a new overdraft feature that will reduce the hit to customers.

New Retention Policies in Microsoft Teams

Perficient Financial Servies

Microsoft is happy to cater to these demands by announcing the availability of retention policies for Microsoft Teams. Teams admins now can use Office 365 Security and Compliance to set retention policies for Teams chats and team channels. Technology is a beautiful thing!

Apple Makes New Privacy Policy Requirement For Apps

PYMNTS

To take on apps that don’t give users information on the use of their personal data, Apple is introducing a new requirement: At the beginning of October, apps will have to have a privacy policy – even those that are in testing, according to reports. 3, 2018, App Store Connect will require a privacy policy for all new apps and app updates in order to be submitted for distribution on the App Store or through TestFlight external testing,” a statement on Apple’s website reads. “In

Coronavirus Update: Trump Declares State Of Emergency; Airbnb Revises Cancellation Policy

PYMNTS

Meanwhile, Airbnb said it was revising its extenuating circumstances policy. According to the company, “the Extenuating Circumstances policy allows guests to cancel eligible reservations without charge.”.

ABA, TBA Ads Recognize Rep. Cuellar’s Support of Pro-Growth Policies

ABA Community Banking

Henry Cuellar (D-Texas) and thank him for supporting pro-growth economic policy. “We Cuellar’s Support of Pro-Growth Policies appeared first on ABA Banking Journal. Community Banking Newsbytes Policy ABA news community growth

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Democratic senators quiz CFPB on its auto lending policies

American Banker

Sherrod Brown and Elizabeth Warren criticized Director Kathy Kraninger for not issuing any public enforcement actions against auto lenders during her tenure. Senate Banking Committee Kathy Kraninger Auto lending Enforcement Coronavirus Elizabeth Warren CFPB Sherrod Brown

Christine Lagarde pioneers ECB climate change policies – what can Fintechs do?

Daily Fintech

Now she is making waves with her push for climate conscious monetary policies. In her new role as the ECB president, she is hitting the ground running with some amazing policy work around climate change. Fintech General christine lagarde climate change policies trade finance

FCC, FTC Chairs To Talk Tech Policy At CES

PYMNTS

Elena Hernandez, the spokeswoman for the White House Office of Science and Technology Policy, said Kratsios is expected to discuss the national plan for artificial intelligence (AI), which was started in 2018.

Privacy Policy

FICO

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Voice Data Leak Prompts Google To Refresh User Policies

PYMNTS

Google is reviewing its privacy policies after a report showed that contractors were given sensitive audio information, including private conversations and personal information that could identify users, according to a report by TechCrunch.