PYMNTS

MAY 8, 2020

consumers more frugal, but other individuals are still turning to retail therapy to cope with stresses. The importance of fast, secure disbursements might hold a different weight now that players are betting online more often and more readily looking for the speeds they experience with typical retail transactions.

Online 176

Online Industry New Jersey Pennsylvania 176

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

Abrigo

DECEMBER 18, 2023

Banks and thrifts hold half of all outstanding CRE debt through the second quarter, with insurance companies accounting for 12% and commercial mortgage-backed securities holding 14%, according to Trepp. Retail and multi-family CRE opportunities Similarly, retail CRE has been painted as too risky because of online sellers’ growth.

Risk Management 221

Risk Management Management Lending Capital 221

PYMNTS

SEPTEMBER 14, 2018

Amazon’s B2B Biz : Amazon is everywhere — and while retail is the name of the game, B2B is growing by leaps and bounds. In fact, Amazon’s B2B is growing faster than retail, as Amazon Business is on track to hit $10 billion in sales this year, just four years after launch — it took the unit only one year to reach $1 billion in sales.

Fraud 139

Fraud cryptocurrency Bitcoin America 139

PYMNTS

JANUARY 15, 2021

trillion COVID-19 relief package, including an additional $1,400 stimulus checks, $400-per-week unemployment benefits, expanded paid leave and an increase in the child tax credit. Decoding QR Codes: Retailers Embrace Simple, Secure Touchless Payments Option. New Regulations Could Push Stablecoins Into the Payments Mainstream.

Payments 141

Payments Taxes Retail Policies 141

PYMNTS

FEBRUARY 16, 2018

PepsiCo turned some heads with its quarterly earnings call announcement that it would take some of its tax reform windfall and reinvest it in improving the firm’s eCommerce efforts. And the numbers in this regard don’t lie: Physical retail is growing at a rate of about 3.6 According to PepsiCo CEO Indra K.

Retail 124

Retail Branding Mobile Strategy 124

PYMNTS

DECEMBER 28, 2018

It has been a busy year for the world of bank regulations, particularly Know Your Customer (KYC). Financial services regulations are notorious for their complexity and ever-changing demands for financial institutions and corporates, but another fuel for development in the KYC space was the FinTech community. ” .

Compliance 186

Compliance Regulation blockchain Taxes 186

PYMNTS

JANUARY 24, 2020

Government disbursements can range from child support payments and annual tax returns to pension and retirement fund payouts. The IRS has accepted digitally filed tax documents and issued digital refunds for years, and it received approximately 29 million electronic returns via direct deposit between February 2018 and February 2019.

Payments 130

Payments US Fraud Innovation 130

PYMNTS

OCTOBER 7, 2019

The bill promises to open up cashless payments for the growing retail cannabis industry. 1595, known as the Secure And Fair Enforcement (SAFE) Banking Act, on Sept. The legislation aims to ensure that state-authorized and regulated cannabis businesses are not forced to operate with cash only. House of Representatives.

Payments 213

Payments Ohio Cards Industry 213

PYMNTS

NOVEMBER 16, 2018

states (and the District of Columbia) where marijuana has been legalized for sale in some capacity, it has thrown off a fairly large chunk of tax revenue in the last year. billion in taxes from legal cannabis companies last year, an amount of money that is undoubtedly a sizzle for the federal coffers.

Taxes 177

Taxes Payments District of Columbia Alabama 177

PYMNTS

MAY 12, 2016

To securely meet international demand, Gameday Merchandising relies on cross-border solutions to process global transactions while still adhering to rules surrounding fraud, risk, tax and legal compliance. . eCommerce shoppers will not have to pay duty and tax premiums for international purchases totaling under $800.

Oakland 100

Oakland Taxes Regulation Data 100

PYMNTS

JANUARY 8, 2020

Call it, perhaps, a New Year’s Resolution list — for regulators. 8), the Securities and Exchange Commission ’s (SEC’s) Office of Compliance and Examinations (OCIE) offered up a list of its priorities for the year that has just dawned. In documents released Tuesday (Jan.

blockchain 138

blockchain Phoenix Compliance cryptocurrency 138

PYMNTS

MARCH 2, 2020

In Kenya, competition regulators recently warned French grocery and retail giant Carrefour that it faces fines of up to $140 million after the Competition Authority of Kenya discovered that the company, via its franchise holder Majid Al Futtaim (MAF), has been treating suppliers unfairly. In the context of late payments in the U.K.

Payments 143

Payments Report Training Regulation 143

PYMNTS

MAY 4, 2016

With the focus on making cross-border commerce as fluid and intuitive for consumers as it can be for the retailers themselves, it can be more than a little jarring to be reminded that actual borders exist underneath it all. Like the retail economy that rests on it, potential geopolitical instability is a global problem. percent tax.

Taxes 100

Taxes Retail Branding Apple 100

PYMNTS

MARCH 5, 2018

Securities and Exchange Commission issued scores of subpoenas and Requests for Information (RFIs) focused on initial coin offerings (ICOs). game have been drawing increased scrutiny from regulators … everyone from exchange operators to miners. has been somewhat, at least arguably, late to the ICO regulation game.

Bitcoin 123

Bitcoin cryptocurrency Regulation Course 123

PYMNTS

JANUARY 1, 2021

Presented by Afterpay and featuring an interview with Daniel Demsky , co-founder of travel clothing retailer Unbound Merino , this report detailed the way installment payment plans’ popularity have surged during the pandemic, and research correctly suggested it would become only more popular during the holiday season. Buy Now, Pay Later.

Trends 259

Trends Video Retail Payments 259

PYMNTS

FEBRUARY 18, 2019

Indeed, what will drive crypto adoption, Chell told PYMNTS, is in the technology’s ability to reduce payments friction, and integrate compliance and security. However, the company first rolled onto the scene as a partner of GunBroker , allowing the firearms retailer to offer its own digital coin as a more secure form of payment.

cryptocurrency 175

cryptocurrency Payments blockchain Compliance 175

PYMNTS

JULY 5, 2018

Reports are surfacing that, since the European Union’s General Data Protection Regulation took effect on May 25, customers exercising their rights under the law are contacting companies with questions about how their online data is being handled, and to request copies of that data. Breathing Room. Brazil Law?

Regulation 102

Regulation Data Exercises Online 102

PYMNTS

JUNE 15, 2018

This comes as the newswire reports that retailers take as long as five to seven months to pay suppliers, as estimated by the ministry of trade. In the Middle East , RAK Bank has said it will offer Sage accounting software to business banking customers, in an agreement that helps those firms manage value-added tax (VAT) compliance mandates.

Fintech 115

Fintech Compliance Software Taxes 115

PYMNTS

JANUARY 10, 2019

Platform operators and merchants must conduct due diligence related to everything from intellectual property and tariffs to tax laws and FX rates. There’s a relatively new wrinkle, too, as Europe has mandated new data privacy processes in the wake of the General Data Protection Regulation (GDPR). Working with Regulators.

United States 158

United States Regulation Compliance Strategy 158

PYMNTS

DECEMBER 15, 2020

Six weeks after securing passage of the Proposition 22 ballot measure that overturned a California law requiring part-time workers to be reclassified as employees, two of its biggest backers have rolled out new fees to offset expenses related to additional worker benefits. Apply the local sales tax and the new total is $48.07.

California 227

California New York Taxes Illinois 227

PYMNTS

NOVEMBER 22, 2019

In a feature story, PYMNTS spoke with Wahlburgers Senior Vice President of Marketing and Innovation Dan Wheeler about how the quick-service restaurant (QSR) works to meet the security challenges inherent in the mobile order-ahead space tapping into two-factor authentication and machine learning. What Wayfair’s Lawyer Says About The Wayfair v.

South Dakota 108

South Dakota Google Taxes Branding 108

CB Insights

OCTOBER 10, 2018

Startups targeting retail and commercial banking have been emerging globally, spurred by favorable tech regulations, an uptick in mobile adoption, and shifting customer demographics. This year in the US, JP Morgan launched mobile banking app Finn and Goldman Sachs’ retail banking arm Marcus crossed 1.5M Incumbents Play Catch-Up.

Retail 78

Retail Cards Millennials Mobile 78

PYMNTS

APRIL 19, 2019

That’s because Strong Customer Authentication (SCA) is on the way in September, but as has been seen with other sweeping changes mandated by regulators and impacting the very way payments are made, lots of folks are not paying attention. Retail Sales: Rally 1.6 The economy is growing, and tax refunds may have also helped boost spend.

social media 125

social media Online Regulation Taxes 125

PYMNTS

AUGUST 9, 2019

As the price of bitcoin surged this week, cryptocurrency (namely, Facebook’s Libra) has been under increased scrutiny by regulators. Even if exchanges are done electronically, they are monitored and regulated by central banks. The folks who bought their bitcoin at around $4,000 are feeling pretty smart. division of the firm.

Bitcoin 143

Bitcoin Regulation cryptocurrency Taxes 143

PYMNTS

APRIL 18, 2016

“A lot of the potential retail investors are also Ant Financial’s users.”. Ant meets these requirements comfortably, as well as the regulation that, to IPO, a firm must generate accumulated cash flow of at least 50 million yuan or post a total of 300 million yuan for revenue in the latest three years.

New York 100

New York Taxes Maine Groups 100

PYMNTS

OCTOBER 8, 2019

When considering the financial services (FinServ) challenges of the legal cannabis sector, the biggest point of friction that almost always comes to mind first is the point of sale (POS): enabling marijuana businesses to accept electronic payments from their retail customers. A Shifting Regulatory Landscape.

Compliance 114

Compliance Guidelines Industry Taxes 114

Jeff For Banks

JUNE 2, 2023

Second, this can be accomplished only if the industry does not have too much influence over its regulators and if the regulators have the ability to hire, train, and retain qualified staff. Third, the regulators need adequate financial resources. My lesson learned to the regulators, read your past lessons learned.

FDIC 78

FDIC Community Bank Regulation Lending 78

Insights on Business

JULY 20, 2017

Regulations, such as Payment Services Directive (PSD2), are forcing banks to “open up”, enabling customers to easily share data with third parties. A traditional retail bank has its own distribution channels (such as branches, contact centers, and digital channels). Banking products are transparent and easy to compare.

Fintech 181

Fintech Mobile Examples Data 181

CB Insights

FEBRUARY 13, 2020

These APIs handle everything from acceptance and processing to settlement and reconciliation, while ensuring compliance and security. This process also comes with hurdles like regulations, fees, compliance standards, and payment card issuers — all of which become increasingly complex for international transactions.

Online 98

Online Company Retail Payments 98

PYMNTS

SEPTEMBER 15, 2017

If that uncertainty isn’t loosening hodlers’ hodl, it seems unlikely that bad press, bitcoin ICO bans and regulation in China, derision from JPMorgan CEO Jamie Dimon or prophecies of a bursting bubble will do it either. Last week, Chinese regulators went one step further and banned ICOs. percent this week. Banned in China.

Bitcoin 177

Bitcoin cryptocurrency blockchain Regulation 177

Jeff For Banks

JULY 6, 2013

It called for the establishment of USA Retirement Funds to re-establish pension funds as part of the three-legged stool of social security, pension, and personal savings. government controlled or heavily regulated. The employee can save all of the needed savings tax deferred. that reads. Also, Uncle Sam picks up part of the tab.

Community Bank 104

Community Bank Community National Iowa 104

PYMNTS

SEPTEMBER 13, 2017

We all know the lure of China’s consumers for retailers and merchants of all stripes and sizes operating across the globe. Additionally, cross-border payments mean that firms have to work with banks, regulators, compliance and even cultural nuances that can all add up to friction that hinders smooth eCommerce.

San Francisco 101

San Francisco Compliance Regulation Branding 101

BankUnderground

APRIL 28, 2023

Mahmoud Fatouh Small banks tend to have more specialised business models, likely focusing on commercial and retail banking activities, and show limited interconnectedness to other financial institutions. Additionally, regulators in various jurisdictions have been trying to create simpler (but not weaker) regulatory frameworks for small banks.

Capital 84

Capital Lending US Data 84

CB Insights

DECEMBER 15, 2020

These companies differentiate themselves from traditional human advisors with lower fees, 24-hour automated support, portfolio rebalancing, and tax optimization, which can translate to higher returns for investors in the long run. Consolidation will continue, even between fintech startups. In turn, this is driving revenue for big banks. .

Management 87

Management Fintech Industry Trends 87

PYMNTS

JANUARY 26, 2018

Warren has been particularly critical of Mulvaney’s December decision to put a freeze on the collection of any personal data by the CFPB staff, the result of security issues that were highlighted in reports from both the Federal Reserve and the CFPB inspector general. Traders fled, as did the retail-heavy population of holders.

Lending 101

Lending Cards Millennials Data 101

FICO

MARCH 31, 2016

During this period of Congressional gridlock, much of the activity in Washington DC impacting the financial services industry remains focused on the development and implementation of new regulations. Here’s a very brief overview of what we’ll cover: Stress testing is a key area of emphasis for regulators around the globe.

Compliance 40

Compliance DC Washington Regulation 40