PYMNTS

JUNE 2, 2020

The list of positive retail brand attributes goes on and on, but one new post-pandemic value has become more important than all the others: cleanliness. Example: Ted Gallagher is vice president and partner at Environmental Hazards Control , a Lancaster, Pennsylvania-based company that disinfects retail locations and other business facilities.

Retail 141

Retail Las Vegas Branding Pennsylvania 141

PYMNTS

MAY 11, 2020

a blockchain loyalty system, and Korean luxury retail chain Shinsegae Duty Free have joined forces to allow rewards points to be managed on the blockchain, Cointelegraph reported. .” He provided remittances, stablecoins and some tokens as scenarios in which digital currency upstarts might appear more akin to banking services.

blockchain 168

blockchain Retail Bitcoin Regulation 168

PYMNTS

JULY 24, 2020

As retailers seek to prevent staffers and shoppers from arguing, the requirements of major merchants that shoppers wear masks in U.S. Walmart , along with Walgreens, Home Depot and others, indicates that the retailer will still allow non-mask-wearing customers to transact, CNN reported. brick-and-mortar stores are only so effective.

Retail 184

Retail Policies National System 184

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. Legal retail cannabis may be spreading throughout the U.S., Companies also have made more than $6.5

Retail 154

Retail Colorado Regulation Compliance 154

PYMNTS

JUNE 29, 2017

Regulation has historically been a challenge for the financial services space, but considering today’s fast pace of change in both financial services innovation and regulation, compliance is increasingly becoming a headache. But understanding what can be a dizzying array of policies is only part of the battle.

Policies 123

Policies Compliance Regulation Innovation 123

The Paypers

JANUARY 17, 2023

Italy’s antitrust agency has penalised online fashion retailer Yoox Net-A-Porter (YNAP) with USD 5.69 million over misleading pricing and its returns policy.

Retail 36

Retail Regulation Policies Online 36

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

American Banker

MAY 6, 2024

Big national retailers will capture all the financial benefits from proposed reductions in swipe fees, while consumers will be left with fewer benefits programs and less secure transactions.

Retail 88

Retail Cards National Security 88

PYMNTS

MARCH 13, 2020

Apple , in one case, is providing its hourly staff, with the inclusion of retail workers, unlimited sick time off in the event they have symptoms of COVID-19. In the markets, Wall Street banks are in discussion with regulators about putting aside rules against brokers telecommuting.

Retail 151

Retail New York City New York Boston 151

PYMNTS

JUNE 6, 2019

Waste is becoming ever more of a vice, especially among younger consumers, and now regulators. By 2023, manufacturers and retailers will have to donate, reuse or recycle the goods” under a program that the French prime minister called the first of its kind from any national government. Amazon’s Role. Liquidation Trends.

Retail 146

Retail New York Online Trends 146

PYMNTS

MARCH 26, 2020

For retailers, especially those deemed non-essential and struggling with revenue, branding may be on the back burner right now. According to Claessen, those brand attributes are even more important during this crisis as retailers communicate with employees, landlords and consumers. Big mistake, say several branding experts.

Branding 145

Branding Retail social media Customer Experience 145

PYMNTS

FEBRUARY 14, 2019

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. The 25-member board — which includes leaders in education, retail and government — will collaborate with the National Council for the American Worker.

Policies 108

Policies Apple Training National 108

Abrigo

DECEMBER 5, 2023

AML Compliance Ten qualities of a successful BSA officer Hiring a Bank Secrecy Act (BSA) Officer for a financial institution involves looking for a unique experience level and skillset that ensures compliance with the BSA and related regulations. This includes training staff on BSA/AML policies and fostering a culture of compliance.

Training 221

Training Compliance Regulation Software 221

Abrigo

SEPTEMBER 12, 2019

The Federal Trade Commission’s latest round of warning letters to companies selling products containing cannabidiol (CBD) is a reminder to financial institutions to tread carefully as they look into the possibility of providing banking services to cannabis-related retailers and other cannabis-related businesses (CRBs). We can help.

Retail 150

Retail Policies Regulation Compliance 150

Abrigo

OCTOBER 28, 2022

Takeaway 1 Signs point to increased loan modifications and loan workouts, and regulators have urged financial institutions to work prudently with borrowers. . Takeaway 3 Successful, high-performing institutions can take several actions now to ensure policies, people, and processes are ready. CRE loan accommodations.

Management 195

Management Risk Management Policies Lending 195

PYMNTS

MARCH 8, 2018

Retailers have requested that the House Financial Services Committee take a closer look at draft data breach notification legislation, saying it doesn’t do enough to ensure appropriate data security standards.

Retail 100

Retail District of Columbia Data National 100

PYMNTS

SEPTEMBER 30, 2019

These laws were meant to make online sellers face sales tax requirements similar to those for retailers with on-the-ground locations, putting both types of businesses on equal footing. How economic nexus policies play out with restricted substances . How do you get people to your website [if] you can’t do any marketing at all?”

Retail 109

Retail Taxes Virginia South Dakota 109

Abrigo

MAY 8, 2024

Takeaway 3 Regulators are closely watching expanded uses of AI and generative artificial intelligence. The greatest absolute gains forecast (largely from increased productivity) are tied to corporate and retail banking. Another reason for reluctance about generative AI is the highly regulated nature of banking.

Examples 221

Examples Fraud Resources Risk Management 221

Celent Banking

JANUARY 26, 2017

The NEC, a policy advisory unit of the White House established in 1993, proposed 10 high-level principles designed to move the US fintech industry forward. The 2002 report spurred on additional studies by various UK regulators regarding the impact of industry consolidation in banking on the outcomes for retail and SME customers.

Regulation 100

Regulation Policies Philadelphia Fintech 100

PYMNTS

JULY 2, 2018

Despite a regulation crackdown and other issues, investors have continued to fund cryptocurrency startups in 2018, with ICOs raising $11.8 This year’s surge comes as ICOs have faced stricter scrutiny from regulators like the U.S. This year’s surge comes as ICOs have faced stricter scrutiny from regulators like the U.S.

Regulation 101

Regulation cryptocurrency Fraud Analysis 101

BankUnderground

JULY 31, 2020

To make regulation proportionate, policymakers adapt regulatory requirements to the risks posed by each firm. But regulators face a trade-off between addressing systemic risks in a proportionate way and limiting regulatory complexity. These are concentrated in capital (17), reporting (11) and remuneration (8) policy.

Regulation 65

Regulation Policies Analysis Capital 65

PYMNTS

JULY 2, 2018

trade tariffs , policy is keeping entrepreneurs on their toes. Surveys gauging the sentiment of the small business owner about shifting rules and regulations – both in the U.S. PYMNTS dives into the numbers behind the changing regulations that could have a massive impact on small businesses.

Policies 100

Policies Taxes Washington Minnesota 100

Abrigo

AUGUST 8, 2021

Independent Loan Review Systems in Banking Banking regulators have outlined expectations for effective, independent loan review and credit risk review. . Takeaway 3 Timely risk ratings and a written review policy are critical components of effective loan review and credit review. Identifying Credit Weaknesses.

System 195

System Lending Policies Regulation 195

PYMNTS

JANUARY 19, 2021

With so many retail stores closing, they need to be able to provide a way to sell D2C wherever those consumers are online.”. But it’s still on you as a brand to figure out what payment methods you need, how to sell locally, how [General Data Protection Regulation (GDPR)] may apply, and how to manage taxes,” he said.

Branding 322

Branding Taxes Fraud Regulation 322

PYMNTS

JANUARY 19, 2021

Fines levied under the General Data Protection Regulation (GDPR) jumped almost 40 percent in the past 12 months as European Union (EU) regulators stepped up enforcement efforts, Financial Times (FT) reported on Tuesday (Jan. Industry verticals retail, hospitality, telecoms and oil have been hit with the most GDPR penalties.

Regulation 202

Regulation Data Security Groups 202

PYMNTS

JULY 26, 2019

While alcohol and tobacco sales were already prohibited on Marketplace, Facebook is now extending the policy: Sales of those products will not be allowed any longer between users on Facebook or Instagram, CNBC reported. Alcohol is one of the most regulated retail goods. Brown said. where the sale of alcohol is still illegal.

Policies 155

Policies United States Regulation System 155

PYMNTS

OCTOBER 28, 2019

23, 43 states had adopted economic nexus laws, and five more states began enforcing such policies on Oct. American businesses had more tax minimizing options prior to the ruling, as retailers selling all across the country were taxed on their physical presences. As of Sept. More than sales taxes .

South Dakota 105

South Dakota Taxes Retail Arizona 105

PYMNTS

AUGUST 17, 2020

Amazon is facing an investigation by Germany’s national competition regulator over the eCommerce giant’s relationship with third-party sellers, Reuters reports. “We In response, Amazon said the company’s policies were designed to guarantee its partners set competitive prices.

Retail 209

Retail Policies Marketing Online 209

CFPB Monitor

OCTOBER 20, 2021

A group of 96 organizations and individuals, who describe themselves as consisting of “consumer, labor, civil rights, legal services, faith, community and financial organizations and academics,” have sent a letter to the CFPB urging the Bureau to regulate fee-based earned wage access (EWA) products as credit subject to the Truth in Lending Act.

Regulation 78

Regulation Groups Analysis Lending 78

PYMNTS

JUNE 10, 2016

When Cook and Prime Minister Narendra Modi met to cap the trip off, it seemed a forgone conclusion that Apple would get what it was looking for: an exemption from a regulation requiring foreign-owned retailers to source at least a third of their manufacturing from local Indian sources. “Five years may be too long.”

Retail 100

Retail Apple Policies Regulation 100

PYMNTS

JULY 11, 2019

The newswire found the info through a Freedom of Information Act (FOIA) request, and it found that Walmart called India’s policies regressive. The documents do highlight the lengths Walmart went to try and get the government to intervene in India’s decision, as well as show how concerned the retail giant was about the decision.

US 122

US Policies United States Washington 122

PYMNTS

SEPTEMBER 4, 2019

The company currently connects approximately 1,000 retailers to customers in 46 countries. One of the biggest struggles that retailers have with selling internationally is dealing with different sales tax [policies], and knowing which situations apply for each of the different tax rates in each of the different countries,” he explained. .

Taxes 131

Taxes Policies Compliance Retail 131

PYMNTS

JANUARY 30, 2017

Retail stocks took a hit in trading late last week after GDP numbers came in lower than expected and concerns reverberated about a potential trade war with Mexico as President Trump battles it out with Mexico over covering the cost of his wall. In trading Friday (Jan. According to MarketWatch, it’s the weakest performance since 2011.

Retail 100

Retail Taxes Policies Examples 100

PYMNTS

FEBRUARY 5, 2020

Australian regulators are considering whether it is necessary to stop banks from automatically routing “tap and go” card payments through Visa and Mastercard, when retailers could be using EFTPOS , which is a local payment network that is cheaper, according to a report by Reuters.

Regulation 130

Regulation Retail Policies Cards 130

PYMNTS

DECEMBER 12, 2016

9), Michigan became the first state in the union to pass statewide, comprehensive self-driving vehicle regulations that allow autonomous vehicles to drive … well, autonomously. On Friday of last week (Dec. As of now, only motor vehicle manufacturers can operate self-driving car networks in Michigan.

Michigan 100

Michigan Regulation Florida Apple 100

PYMNTS

FEBRUARY 3, 2020

The policy lays out a set of rules for drones similar to those used to regulate gliders and other light-weight aircrafts. The FAA’s standards don’t specify a timeline, and widespread drone delivery for common retail use is still years in the future. For now, though, this policy will be the extent of its action.

Policies 146

Policies Regulation Operations Retail 146

PYMNTS

MAY 4, 2017

Then, companies working to develop the technological means for cars to drive themselves have levied more than a few criticisms against proposed regulation changes in the state of California. Apple, for one, is hoping that California will work to toughen some of its current self-driving road test policies.

California 100

California Policies Company Apple 100