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

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.

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Monetary Policy Transmission: Borrowing Constraints Matter!

BankUnderground

How does the transmission of monetary policy depend on the distribution of debt in the economy? Our findings also suggest that the overall impact of monetary policy partly depends on the behaviour of house prices, and might not be symmetric for interest rate rises and falls.

TikTok?s Data Privacy Policies Draw Eyes Of EU Authorities

PYMNTS

TikTok , the popular Chinese short-form mobile video app, is facing more scrutiny over its privacy policies, Bloomberg reported.

Understanding Security Policies for Development

Perficient Financial Servies

Understanding security policies and how they apply to development practices is key to delivery of secure software. Instead, the development team needs guidance to finding the exact resources needed to meet policy via proper controls. Development Security Policies.

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.

CFPB Updates Policy For Civil Investigative Demands

PYMNTS

The Consumer Financial Protection Bureau (CFPB) has announced changes to policies on Civil Investigative Demands (CIDs), which are investigational subpoenas issued by the CFPB. CFPB Civil Investigative Demands investigation law enforcement News policy violation What's Hot

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?

Ticketmaster Under Fire Over Refund Policy

PYMNTS

As the COVID-19 pandemic forces cancellations and postponements of events amid lockdowns, Ticketmaster is being criticized over its refund policy. He said its new refund policy is making it harder for customers to get their money back.

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.

Monetary policy and US housing expansions: what can we expect for the post-COVID-19 housing recovery?

BankUnderground

For instance, an expansion in monetary policy can stimulate housing demand via lower borrowing costs — households typically finance housing with mortgage debt. We use monetary policy shocks as a proxy for shifts in housing demand to investigate this question.

Coronavirus Refunds: Pittsburgh Pirates Unveil Rollover, Reimbursement Policies

PYMNTS

The Pittsburgh Pirates unveiled their reimbursement and credit policies at a time when it is not known if PNC Park will have the ability to host spectators for this year’s season amid the pandemic, according to a statement.

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

New Facial Recognition Policy Signed Into Law In Washington State

PYMNTS

Washington State Governor Jay Inslee signed a bill on Tuesday (March 31) establishing specific rules – backed by Microsoft – governing facial recognition software, according to a blog by Bill Smith, president of Microsoft.

The birds, the bees and the Bank? The birth-rate channel of monetary policy

BankUnderground

In total, we estimate that monetary policy increased the birth rate in the following three years by around 7.5%. Thus, when the Bank of England lowered its policy rate 4.5 Policy implications. Fergus Cumming and Lisa Dettling. Children are expensive.

Lloyds Of London Looks At Driverless Car Policies

PYMNTS

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.

German Rep Resigns From ECB Board Amid Policy Disputes

PYMNTS

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

How does monetary policy affect firms?

BankUnderground

We focus on firm level employment and ask which firms do the most hiring and firing when monetary policy adjusts. Furthermore, do these patterns of responses tell us something about how monetary policy affects the economy? Saleem Bahaj, Angus Foulis, Gabor Pinter and Paolo Surico.

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.

Hollywood Studios Aim To Collect On Insurance Policies

PYMNTS

Amid millions lost in box office receipts and production costs due to the coronavirus pandemic, Hollywood studios are now aiming to collect on their insurance policies. The insurance industry provides policies that protect studios from unforeseen circumstances.”.

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.

Costco Reduces Hours, Updates Return Policy Due To COVID-19

PYMNTS

Amid the COVID-19 situation, Costco is cutting back on its store hours and changing some of its policies. The warehouse club will not accept returns of certain items, and senior shopping hours have been put into place at most locations, Forbes reported.

Coronavirus Refunds: United Airlines Reinstates Two-Hour Refund Policy

PYMNTS

United Airlines is reinstating its old pre-pandemic policy of providing a refund to a traveler’s original form of payment for trips affected by a schedule change of at least two hours, The Points Guy reported.

Netherlands Is First EU Country To Release GDPR Fining Policy

PYMNTS

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.

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

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.

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!

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.

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.

Best practices in risk rating policies

Abrigo

Policies are “the cornerstones for sound lending and loan administration,” and risk rating policies are a key component. Regulatory agencies lay out elements that loan policies should cover, such as what types of loans an institution will make and what information will be required from borrowers, but they rarely dictate the details. An institution must develop appropriate policies and procedures based on its size and the complexity of its portfolio.

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.

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.

Bank exam “hot spot”: Inflating policy limits to avoid scrutiny

Abrigo

The desire to avoid examiner scrutiny may tempt some financial institutions to set the bar high when it comes to credit and liquidity risk management policy limits, but regulators are discouraging this approach. Do established policy limits reflect true risk tolerance?

AI sector reacts to increased policy oversight and market uncertainty

Bobsguide

Despite extreme economic uncertainty, policy makers continue attempts to regulate artificial intelligence (AI) as tech vendors adapt to the latest guidelines set by the European Commission last month, calling for a European AI strategy.

4 takeaways from Biden’s embrace of progressive banking policies

American Banker

The Democrats’ presumptive presidential nominee called for a public credit reporting agency and for the Postal Service to offer financial services, among other proposals issued through a unity task force with Bernie Sanders.