PYMNTS

MAY 19, 2020

BlockFi said it was “able to confirm that no funds, passwords, social security numbers, tax identification numbers, passports, licenses, bank account information, nor similar non-public identification information was exposed as a result of this incident.”. dollars and Ukrainian hryvnias.

Data 212

Data Bitcoin cryptocurrency Taxes 212

BankBazaar

DECEMBER 12, 2023

While NPS is an investment that is linked to the market and is regulated by the Pension Fund Regulatory and Development Authority (PFRDA). lakh annually with tax breaks under Section 80C. This stability and tax efficiency appeal to risk-averse investors, evident in the current 7.1% return rate. PPF or NPS?

Taxes 78

Taxes National Marketing Regulation 78

PYMNTS

SEPTEMBER 12, 2019

billion — 91 percent — of those penalties, while European regulators demanded $1.7 FinTechs could face these same financial pains as regulators increasingly demand that they follow the compliance rules to which FIs must adhere. Financial Companies’ Security And Regulatory Obligations . A report found that the U.S.

Fraud 189

Fraud Fintech Compliance Regulation 189

PYMNTS

APRIL 30, 2019

A venure that would make it easier for consumers to pay for purchases in bitcoin is applying for a license from New York state regulators. “This structure will provide the first end-to-end regulated environment for price discovery of crypto — ? Suspension, Taxes and a Breach.

Bitcoin 134

Bitcoin Taxes New York Oklahoma 134

PYMNTS

JANUARY 16, 2019

The CBA pilots, as reported by CoinDesk and other sites, were tied to the issuance of letters of credit and securities. The CBA said it will look to include smaller and mid-sized banks on the platform, with eventual additions of tax agencies and customs activities to the platform. IoT Gains Traction With Blockchain.

blockchain 206

blockchain Taxes Security Survey 206

PYMNTS

AUGUST 13, 2019

Securities and Exchange Commission is reportedly investigating a security breach at First American Financial Corporation that saw the exposure of upwards of 885 million financial records and personal files related to mortgages dating back to 2003. KrebsOnSecurity reported the breach in May.

Data 116

Data Seattle Security Regulation 116

PYMNTS

MAY 19, 2020

The Security Service of Ukraine is reportedly holding a hacker for allegedly selling a database with 773 million email addresses and 21 million unique passwords, CoinDesk reported. In other news, the government of Iran is aiming to limit digital currency exchanges with so-called “currency smuggling” regulations, CoinDesk reported.

Bitcoin 148

Bitcoin cryptocurrency Taxes Security 148

PYMNTS

SEPTEMBER 25, 2019

1595, known as the Secure And Fair Enforcement (SAFE) Banking Act, on Wednesday (Sept. The legislation aims to ensure that state-authorized and regulated cannabis businesses are not forced to operate with cash only. House of Representatives passed H.R. 47 states, 3 territories and D.C.

Ohio 235

Ohio Colorado Washington California 235

PYMNTS

AUGUST 13, 2019

Securities and Exchange Commission is reportedly investigating a security breach at First American Financial Corporation that saw the exposure of upwards of 885 million financial records and personal files related to mortgages dating back to 2003. KrebsOnSecurity reported the breach in May.

Data 109

Data Seattle Security Regulation 109

PYMNTS

JANUARY 2, 2020

The finance ministry in India passed a new regulation saying that companies with sales of more than ?50 The new regulation went into effect on Jan. Digital transactions continue to be popular in the country, and in October, payments system UPI saw a new high of 1 billion transactions.

Cards 130

Cards blockchain Cyber Security Retail 130

PYMNTS

JANUARY 24, 2019

A server running an Elasticsearch database contained sensitive data from as far back as 2008 that included loan and mortgage agreements, repayment schedules and other financial and tax documents. The database, which is believed to have been exposed for two weeks, was discovered by independent security researcher Bob Diachenko.

Taxes 155

Taxes New York Security Data 155

PYMNTS

FEBRUARY 1, 2021

From new hires to departing professionals, to raises and bonuses, and to shifting tax laws, payroll can certainly change from one pay cycle to the next. Without automated technology in place, said Ayyad, the alternative is for businesses to conduct payroll calculations manually and then re-key that information into another system.

Strategy 247

Strategy Taxes Management Trends 247

PYMNTS

MARCH 26, 2018

Complex tax law has been linked to the rise in eInvoicing in B2B commerce, according to Julie Park, managing director of VAT and customs duty at The VAT Consultancy. She pointed to Latin America , which enacted some of the world’s first eInvoicing mandates for the purposes of tax rule enforcement. billion every year.

Taxes 102

Taxes Fraud Compliance Regulation 102

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

NOVEMBER 22, 2019

In today’s top payments news, ongoing security concerns have caused the Federal Reserve to take a closer look at the Big Tech firms that serve the banking industry. Security Concerns Prompt Fed To Strengthen Big Tech Oversight. Politicians, as well as privacy advocates, have asked regulators to block the deal. And Former U.S.

South Dakota 101

South Dakota Apple Taxes Cards 101

PYMNTS

DECEMBER 20, 2017

Reuters, citing the FATF, reported that in addition to failing to punish money launderers, Mexico’s tax authorities aren’t regulating money from real estate and luxury goods firms, which are just a front for drug operations. That action was prompted by a U.S.

Taxes 100

Taxes Regulation National Report 100

PYMNTS

AUGUST 2, 2019

In other news, Brazil’s Tax Authority has announced that transactions involving cryptocurrencies must now be reported to the Department of Federal Revenue ( RFB ). He added that it will become the first government agency run on a blockchain-based system and artificial intelligence.

blockchain 148

blockchain Fraud Data Report 148

Abrigo

DECEMBER 20, 2021

Millions of dollars in suspicious activity were not reported to FinCEN in a timely or accurate manner, including those connected to tax evasion, illegal gambling, money laundering, and other financial crimes. . Fundamentals of BSA. CommunityBank of Texas' citations. CDD is widely considered the fifth pillar of BSA.

Resources 195

Resources Texas Analysis System 195

Independent Banker

MARCH 31, 2022

Treasurer Sarah Getzlaff, CEO, Security First Bank of North Dakota, New Salem, N.D. We must also keep our focus on protecting the 2017 tax cuts and, as always, monitoring and confronting credit union overreach. We need to make sure people remember that and have it reflected in laws and regulations that affect our industry.

Community Bank 239

Community Bank Community Industry Texas 239

PYMNTS

OCTOBER 3, 2019

“The Dama solution will allow cannabis businesses to transact like any other business would, and I’m proud to bring this first-in-class system to the industry.”. “We Amercanex will give these business owners the opportunity to maintain and grow their business operations online in a secure and legitimate way.”. Last week the U.S.

Compliance 130

Compliance Industry California Taxes 130

Abrigo

SEPTEMBER 10, 2021

financial system enhanced the criticality of detecting and reporting financial crime, including the financing of terrorist acts against our country. . Terrorist financing was expected in other financial systems around the globe, not to be prevalent in the U.S. financial system. BSA Rules and Regulation. Before 9/11.

Training 195

Training Risk Management Pennsylvania Resources 195

PYMNTS

OCTOBER 29, 2019

Tax regulators in China granted approval for Tencent to lead an initiative aimed at developing international standards for invoices sent via blockchain-based platforms, reports said. According to reports, a recent report by asset management firm Guosheng Securities found that “as of Aug. Sweden, Brazil and Switzerland.

blockchain 101

blockchain Taxes Regulation Report 101

PYMNTS

DECEMBER 12, 2019

The market’s early-stage growing pains, she said, reflect the unique struggles of a market driven by competition, not regulation. “My regulation is both a help and a hinderance. Competition, Not Regulation. On the other are regulations in place that Killam noted could hinder real-time payments progress, most notably U.S.

Payments 181

Payments Regulation Marketing National 181

PYMNTS

JANUARY 22, 2020

As for the mechanics: An “account aggregator” system is being created by banks, and will be regulated and licensed by the central bank. The financial companies are also required to have “robust” IT systems in place (which includes IT security, too). The aggregators have duties as fiduciaries to manage consent.

Data 141

Data Payments Regulation System 141

PYMNTS

JULY 31, 2017

Regulators are reportedly inquiring about how a lawyer for wealthy customers of Wells Fargo came to access so large a trove of customer information. Regulators have reportedly informally reached out to the attorneys involved in the lawsuit underlying the release of information to figure out how the data breach happened.

Taxes 100

Taxes Data Security Report 100

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

OCTOBER 23, 2019

Zuckerberg said in his opening remarks that those who do not have access to bank accounts “could through mobile phones, if the right system existed.” The current system is failing them. dollar is an excellent currency as a means of accounts, and it serves all needs — except it’s really bad for tax evasion,” and a host of other crimes.

cryptocurrency 100

cryptocurrency Payments Regulation Taxes 100

PYMNTS

OCTOBER 23, 2019

Zuckerberg said in his opening remarks that those who do not have access to bank accounts “could through mobile phones, if the right system existed.” The current system is failing them. dollar is an excellent currency as a means of accounts, and it serves all needs — except it’s really bad for tax evasion,” and a host of other crimes.

cryptocurrency 100

cryptocurrency Regulation Taxes Data 100

PYMNTS

JANUARY 22, 2020

As for the mechanics: An “account aggregator” system is being created by banks, and will be regulated and licensed by the central bank. The financial companies are also required to have “robust” IT systems in place (which includes IT security, too). The aggregators have duties as fiduciaries to manage consent.

Data 132

Data Regulation System Taxes 132

PYMNTS

JANUARY 22, 2018

There is another market segment, however, that similarly struggles to secure this Goldilocks effect, with products that aren’t too small and aren’t too large: the middle market. “Just think about a standardizing and cutting-edge IT system, and the resources needed to run it.”

Management 116

Management Compliance Taxes Marketing 116

Abrigo

JULY 12, 2021

This new guidance will assist countries and the private sector in understanding and documenting these risks and prepare accordingly for this serious threat to international peace and security. The review concluded that the revised FATF standards have fostered growth and innovation, while better protecting the international financial system.

Training 195

Training Policies United States Report 195

Abrigo

SEPTEMBER 5, 2023

One that particularly annoys me is when an exception is being cited because it’s the only way to effectively track a portfolio segment due to a dearth of data in the bank’s information systems. and property tax payments. Generally speaking (subject to Regulation B), business loans should be guaranteed by the principals of the borrower.

Policies 195

Policies Lending Risk Management Examples 195

BankUnderground

OCTOBER 26, 2021

The monetary system is going through significant changes: the rise of cryptocurrencies, negative interest rates, and the decline in the role of traditional banks as intermediaries. Moreover, the national currency belongs to the people, and the state’s role is to regulate it to benefit the people.

Policies 112

Policies Taxes Maine National 112

PYMNTS

MARCH 12, 2019

That capability can be a critical part of holistic financial services for the many small business owners who are now struggling to integrate their growing list of back-office systems. and Canada, where open banking regulations are not in place, how do financial service providers act on the demand to move data and connect platforms?

Data 184

Data Fintech Strategy Regulation 184

PYMNTS

FEBRUARY 21, 2018

What happened at PNB was the result of numerous systemic failures to detect simple human malfeasance,” said MonetaGo founder and CEO Jesse Chenard in an interview with the Economic Times of India. As regulators begin to consider blockchain regulations, many have signaled a desire not to hamper innovation while doing so.

blockchain 130

blockchain Los Angeles Regulation Oregon 130

PYMNTS

OCTOBER 18, 2019

Samsung SDS will reportedly launch a blockchain-based medical claims processing system this month. According to CoinDesk , the new system will link all hospitals, pharmacies, insurers and other companies in the sector. dollar-backed digital currencies for the payment of government taxes, fees and services.

blockchain 101

blockchain Samsung Bitcoin Innovation 101

PYMNTS

NOVEMBER 12, 2018

The Nassau Guardian reported that the framework will address many of the regulatory challenges the bank associates with crypto, including tax evasion, market volatility, fraudulent initial coin offerings (ICOs), and anti-money laundering policies.

Marketing 179

Marketing cryptocurrency social media blockchain 179