Segpay

SEPTEMBER 30, 2024

This blog explores child protection laws across key Latin American countries, highlighting their different approaches and the evolving regulatory frameworks. The statute was updated in 2014 to include Internet and Child Protection to protect kids from online exploitation, cyberbullying, and access to inappropriate content ( Law 12,965/2014 ).

Verification 111

Verification Legal Framework Laws Regulations 111

PYMNTS

MARCH 6, 2019

The French government is going after U.S.-based There is speculation that a European Union-wide digital tax may be instituted, although an EU effort to pass a 3 percent digital tax failed in 2018 with objections by Ireland and Germany. In France, we voluntarily set up a new sales and invoicing structure in 2018.

Government 68

Government Governance Agreements Laws 68

PYMNTS

JANUARY 24, 2019

Government procurement can bolster the strength of local small businesses (SMBs), and provide an example for technology adoption in areas such as eInvoicing and electronic payments. In an earlier report , law firm and lobbyist Akin Gump Strauss Hauer & Feld LLP examined some of the initiatives that the U.S. government business.”

Cybersecurity 61

Cybersecurity Government Governance Risk Mitigation 61

PYMNTS

MARCH 2, 2020

New Jersey joins Washington, Illinois and other states and regions in introducing data privacy laws. The California Consumer Privacy Act went into effect in January, and the European Union’s General Data Protection Regulation ( GDPR ) went into effect in 2018.

Privacy 99

Privacy Regulations Laws Agreements 99

PYMNTS

FEBRUARY 18, 2019

Governments around the world have a new front in their fight against money laundering: real estate. the report noted that in 2018 legislation was introduced that calls on foreign owners to identify who they are. The aim of the law is to discover who the true owner of a property is. As for the U.K.,

Money Laundering 73

Money Laundering Government Governance Fincen 73

The Fintech Times

JANUARY 29, 2025

The Qatari government has also been proactive in supporting the growth and development of the fintech sector, notably through initiatives like the Qatar Fintech Hub (QFTH). Recognising the importance of fintech for long-term economic development, Qatar has also integrated fintech into its Second National Development Strategy 2018-2022.

FinTech 59

FinTech Central Bank Authorization Legal 59

Open Banking Excellence

SEPTEMBER 27, 2024

Half a decade ago, Mexico demonstrated its ongoing commitment to updating its financial regulation with the introduction of the Fintech Law. Nevertheless, it is essential to review and complement the existing legislation with complementary laws to fully unleash the potential of this ecosystem.

Financial Inclusion 147

Financial Inclusion FinTech Laws Regulations 147

CB Insights

MARCH 6, 2019

Thirty-seven Chinese companies reached billion-dollar valuations in 2018, operating in areas as diverse as healthcare, transportation, and education, among others. Using CB Insights data, we identified all the China-based startups that have reached a $1B+ valuation in 2018. A s of 2018, more than 5 million drivers and 1.25

Bitcoin 72

Bitcoin Law Enforcement Technology Product 72

Fintech News

FEBRUARY 25, 2024

2561 (2018), has enforced a continued suspension of Zipmex’s operations. Pending the Minister of Finance’s decision on the license revocation, Zipmex remains under the SEC’s oversight, obligated to comply with all applicable laws and regulations governing digital asset businesses.

Legal 117

Legal Returns On-Demand Laws 117

PYMNTS

JANUARY 22, 2020

India is on the verge of passing a data protection law in 2020 that, in some respects, mirrors – and may help inform – other initiatives around the globe. And once the law is official in India, the country will take its place alongside the U.K. Will India prove to be a model for open banking ? and Australia. The Mechanics of It All.

Laws 56

Laws Payments Data Non-Bank End User 56

PYMNTS

DECEMBER 26, 2018

Eight credit unions closed in 2018, and they affected an estimated 14,000 people with a collective £25 million in savings. The news is especially troubling because the government in the U.K. Credit unions, the government says, are an affordable and more safe alternative. Credit unions cap rates at 3 percent a month.

Credit Union 53

Credit Union Caps Regulations Governance 53

Fintech News

FEBRUARY 25, 2024

As a result, the authorities are investigating the firm for potential fraudulent trading under the Insolvency, Restructuring and Dissolution Act 2018, alongside violations of obligations under the Financial Services and Markets Act 2022 and the Payment Services Act 2019.

Authorization 107

Authorization Laws Business Day Compliance 107

PYMNTS

FEBRUARY 21, 2018

Governments may not be too keen on bitcoin, but blockchain is another story. In fact, government authorities have begun to help fuel the proliferation of blockchain across the world. Local officials are hoping to use blockchain to improve public services and boost transparency.

Government 52

Government Governance Blockchain Central Bank 52

PYMNTS

NOVEMBER 30, 2020

The British government is establishing a new Digital Markets Unit tasked with enforcing laws that apply to Big Tech companies, such as Google and Facebook , authorities announced in a press release. The new unit, according to the government's announcement, will fall within the U.K.'s According to the U.K.

Rules 75

Rules Laws Authorization Regulations 75

PYMNTS

DECEMBER 26, 2019

Easing tax compliance helps governments and retailers alike. That would ease third-party sellers’ compliance work, and would mean government officials could monitor fewer entities, focusing on a handful of marketplaces rather than thousands of individual sellers. Around The Next-Gen Sales Tax Wor ld. Find the full story in the Tracker.

Laws 52

Laws Compliance Governance Government 52

PYMNTS

MARCH 21, 2018

The blockchain hype is real — just ask Long Blockchain — but governments are taking a modest, more realistic approach to the technology. In this week’s Blockchain Tracker , PYMNTS examines the latest government initiatives in the U.S. But governments are also cracking down on companies that get carried away with the blockchain hype.

Government 49

Government Governance Blockchain Federal Trade Commission 49

Fintech News

JULY 17, 2024

These figures underscore the immense challenge facing regulators and law enforcement agencies in their efforts to curb illicit financial flows in the crypto space. The United Arab Emirates has amended Federal Decree-Law No. (20) billion in 2024.

Money Laundering 107

Money Laundering Law Enforcement AML Non-Bank 107

PYMNTS

JULY 8, 2019

While the government has arguably heeded that call, concerns are rising over the apparent lack of effect that Duty to Report legislation has had. While companies meet certain thresholds for turnover, balance sheet and workforce, their subsidiaries that do not meet those thresholds are not required by law to report their B2B payment practices.

Laws 49

Laws B2B Payments Small Business 49

PYMNTS

SEPTEMBER 30, 2019

eCommerce sales tax laws are having unintended consequences in the tobacco industry. State governments began rolling out economic nexus laws after 2018’s South Dakota vs. Wayfair ruling. It appears that economic nexus laws are falling short of leveling the playing field in at least one niche industry, however.

Laws 43

Laws Facilitators Rules Governance 43

PYMNTS

OCTOBER 22, 2018

As of September 2018, losses from gift-card fraud have hit $53 million. Problems With India’s Privacy Law. payments players are facing the cold shoulder from India’s government as they face fines for violating India’s data privacy laws. government is also going to bat for the companies, with U.S. Some major U.S.

Laws 53

Laws Privacy FTC Push-to-Card 53

Segpay

DECEMBER 13, 2024

The Rising Importance of Data Privacy Regulation The implementation of GDPR in the European Union (2018) and CCPA in California (2020) marked an important shift in global data privacy standards. These regulations are two examples of strong data protection laws that demand a transparent, ethical approach to data privacy and data management.

Privacy 105

Privacy Compliance CCPA Authentication 105

PYMNTS

APRIL 26, 2019

The Indian government has drafted a bill that would ban cryptocurrencies and attempt to regulate any official digital money, according to reports. . The idea is to ban the “sale, purchase and issuance of all types of cryptocurrency,” according to an unnamed government source cited by The Economic Times. .

Cryptocurrency 73

Cryptocurrency Money Laundering Governance Government 73

PYMNTS

OCTOBER 24, 2019

The 2018 South Dakota v. State and local governments aren’t satisfied with stopping their tax updates there, however, with many exploring if the Supreme Court ruling also opens the door to applying a wider range of taxes on remote merchants including corporate net income tax. Some marketplace facilitator laws are written so.

Laws 40

Laws Facilitators Rules Governance 40

PYMNTS

NOVEMBER 22, 2019

The 2018 South Dakota v. Wayfair ruling allowed counties, states and municipalities to pass laws to tax out-of-state sellers and the eCommerce marketplaces that serve them, but the ruling did not disclose specifications on what such laws must look like. The Economic Case For Remote Sales Tax Simplification. Wayfair case.

Laws 63

Laws Compliance Rules Governance 63

PYMNTS

NOVEMBER 9, 2020

Here’s the latest news from the technology industry, which is coming under increasing global scrutiny from governments and consumers. Australian Regulator Looks Into Merger Law Changes. million) penalty for not following a new social media law, Reuters reported, citing Omer Fatih Sayan, the deputy transport and infrastructure minister.

Regulations 84

Regulations Privacy Compliance Laws 84

PYMNTS

NOVEMBER 26, 2019

million for not completing accurate returns between 2014 and 2018, according to a report by Reuters. Banks have to regularly report financial data to make sure they’re operating within the law, and to make sure they have buffers against market shifts in terms of risk and capital.

Returns 76

Returns Audit Regulations Authorization 76

PYMNTS

JULY 9, 2019

The central bank of India and the government have both practically outlawed cryptocurrencies by disallowing banks to use them. The Reserve Bank of India has restricted use, and the government is in the process of writing a law that has strict penalties on usage. . The issue is about to come up for a hearing on July 23. .

Cryptocurrency 54

Cryptocurrency Laws Central Bank Money Laundering 54

PYMNTS

JUNE 18, 2019

This comes after rumors of children being kidnapped spread on the app and a number of people were lynched across the country in 2018. They say the metadata that WhatsApp provides doesn’t allow for the capture of people breaking the law. “It Fingerprinting WhatsApp messages will help find the originator of the message.

Encryption 69

Encryption Governance Government Privacy 69

PYMNTS

JANUARY 7, 2019

But at the same time, the laws governing biometrics are a work in progress, and as more consumers become more skeptical about the safety and use of their identities and data online, you can bet on more cases testing the boundaries of existing regulations. Illinois’ Role. for use of biometric data. Larger Trends.

Consumer 64

Consumer Laws Privacy Authentication 64

PYMNTS

MARCH 18, 2019

An international coalition of pension funds, government entities and asset managers is suing Danske Bank over a far-reaching money-laundering scheme tied to Russia, and its subsequent cover-up. Law firm Grant & Eisenhofer announced the lawsuit as being tied to “one of the most egregious money laundering scandals in history.”

Money Laundering 76

Money Laundering Laws Continuity Participant 76

PYMNTS

DECEMBER 23, 2020

government relations, according to Bloomberg. According to Bloomberg, smaller websites are particularly concerned that legislators are too focused on major players like Facebook and Google while they mull changes to the law. Google’s owner Alphabet is also wary about changing the law. At a hearing of the U.S.

Federal Trade Commission 76

Federal Trade Commission Legal Framework Laws FTC 76

PYMNTS

FEBRUARY 24, 2020

The country’s government and regulators are keeping pace with those in the European Union and the U.S. Banks and merchants may also need to confront outmoded perceptions of Chinese cybersecurity and banking laws and be aware of the government’s role in enforcing such rules. The law is still ambiguous.

Privacy 64

Privacy Laws Regulations Cybersecurity 64

PYMNTS

JANUARY 29, 2021

India changed its foreign direct investment (FDI) rules in 2018 to stop international firms from selling goods from merchants they have a financial stake in. The Indian government is weighing if those mandates should be solidified to extend to merchants’ parent companies. Local retailers have accused U.S.

Regulations 71

Regulations Rules Consulting Laws 71

PYMNTS

NOVEMBER 20, 2019

government, according to a report by TechCrunch. . The company said requests were up 27 percent in 2018, as opposed to a year earlier. Uber said the increased number of requests was due to not only its company growth but a “rising interest” from governments to look at its customer data. regulators and 1.8

Law Enforcement 46

Law Enforcement Privacy Laws Governance 46

Open Banking Excellence

NOVEMBER 9, 2023

Since Open Banking launched in January 2018, seven million consumers and businesses have used it. Additionally, the constitution of a scheme entity must be carefully considered to manage competition law risks. The UK has not yet unlocked the true potential of Open Banking, even though we have made tremendous progress.

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Use Case API Fraud Prevention Risk 130

PYMNTS

JULY 23, 2020

Regulators in Mexico passed a law governing FinTechs in March 2018, just two months after PSD2 went into effect in the European Union, and others in the region have since followed suit. There were 441 FinTechs operating in Mexico in 2019, a 14 percent increase from 2018.

Online and Mobile Banking 66

Online and Mobile Banking Regulations Laws Push-to-Card 66

PYMNTS

APRIL 10, 2019

and the federal government in particular — needs more cybersecurity experts. That compares to nearly 14 percent who are at least 60, according to figures from June 2018. For a number of students, just how to join a government agency can be daunting,” he said. That’s the long way of saying the U.S. — A lot more, in fact.

Cybersecurity 71

Cybersecurity Visa Governance Government 71