PYMNTS

JULY 31, 2020

In the last 24 hours, disputes over executive retention pay and an asset transfer have been settled. The high-stakes negotiations reached a tentative agreement on Thursday (July 30) over Neiman Marcus’ business plan and a settlement in the dispute over the transfer of its Munich-based MyTheresa business, the newspaper reported.

Settlement 78

Settlement Disputes Caps Rules 78

PYMNTS

NOVEMBER 25, 2019

The Supreme Court ruling has started the ball rolling for states and municipalities to tax eCommerce – specifically, out-of-state firms and online marketplaces. But there have already been disputes making their way through the courts, as detailed in the latest Next-Gen Sales Tax Tracker. South Dakota vs. Wayfair was only the beginning.

Consumer 60

Consumer Disputes Agreements Rules 60

PYMNTS

MAY 6, 2016

The CFPB is moving toward a rule change that will make it much easier for consumers — or more specifically groups of consumers — to take banks and other financial institutions to court as part of class action lawsuits. The new rules got its first official public hearing yesterday. It’s official.

Rules 41

Rules CFPB Agreements Laws 41

PYMNTS

JULY 11, 2017

The Consumer Financial Protection Bureau (CFPB) has handed down a controversial ruling stating companies cannot opt to use arbitration clauses in their contracts with consumers in a manner that keeps consumers from joining class action lawsuits. The rule begins applying to agreements and contracts 180 days later. .

CFPB 40

CFPB Rules Consumer Financial Protection Bureau (CFPB) Credit Cards 40

Fi911

FEBRUARY 14, 2024

Cardholders have the right to dispute purchases in cases of fraud, misuse, or errors. No further percentage of monthly sales is withheld during the agreement period. Renegotiating Merchant Reserves There is no hard-and-fast rule for when merchants should be allowed to renegotiate their reserve requirements.

Risk Management 89

Risk Management Risk Accounts Processors 89

Neopay

NOVEMBER 27, 2023

However, for open banking to take off for retail and P2P payments, the report says that consumer protections need to be improved with a minimum form of dispute resolution. On protecting consumers, the review suggests the PSR conduct a review of the new APP fraud rules after 12 months and more ambitious government targets beyond 2024.

P2P 52

P2P Push-to-Card Consumer Protection Visa 52

PYMNTS

NOVEMBER 22, 2019

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 state does not have its own tax policy, so towns and cities are setting their own individual tax rules.

Laws 63

Laws Compliance Rules Governance 63

EBizCharge

JUNE 28, 2024

It’s essential to check with legal counsel or financial advisors to align with the latest legal standards and avoid potential penalties or customer disputes. Credit card (CC) surcharges are subject to different rules than those for debit cards. Here is a quick look at some factors that can determine the legality of surcharging.

Credit Cards 52

Credit Cards Legal Debit Card Disputes 52

Nanonets

NOVEMBER 19, 2023

It could involve issuing or receiving credit or debit memos, adjusting the invoice amount, or even disputing the invoice before it is settled. It reduces disputes and delays, thus preventing late fees and other financial complications. The disputed amount is withheld until the issue is resolved. Let’s look at an example.

Settlement 52

Settlement Disputes Payment APIs and Integration Accounts 52

Segpay

FEBRUARY 28, 2024

Chargeback Fees Disputed charges initiate time-consuming arbitration processes with administrative fees imposed on merchants. Too many disputes also risk account reviews or terminations. Simple month-to-month agreements and dedicated analysts make optimization easy.

Processors 52

Processors IRS Push-to-Card Non-Bank 52

PYMNTS

JULY 20, 2018

Toys R Us has come to a settlement agreement with some groups of creditors, including vendors, to resolve its disputes related to its bankruptcy proceedings. Vendors and other creditors can opt out of the agreement.

Settlement 40

Settlement Disputes Legal Agreements 40

PYMNTS

JUNE 12, 2019

The guidelines by the two industries differ in the way licensing fees get calculated, and the rules for using patented tech. Even through the guidelines are voluntary, no broader agreement means that disputes can arise rapidly.

Disputes 46

Disputes Legal Agreements Rules 46

Payment Savvy

JULY 3, 2024

This means they would only allow customers to pay with their debit cards, While this approach isn’t right for every business, it can be especially useful for those that can’t handle credit card transactions, operate in industries where customers often dispute charges, or want to lower their processing fees.

Debit Card 52

Debit Card Process Debit Transaction Processors 52

Nanonets

MAY 29, 2024

It is involved whenever goods or services are being procured and plays critical roles in formalizing agreements tracking orders controlling expenditures resolving disputes However, managing these purchase order documents manually is a big hassle.  Today, the purchase order has become an indispensable part of modern businesses.

Small Business 52

Small Business Audit Automation Disputes 52

PYMNTS

MAY 26, 2016

Curve said American Express had doubts about how it handles disputes like refunds and chargebacks. American Express and Curve said they could re-enter an agreement at a later time. Reports said American Express asked Curve to stop processing transactions for them because it lacked confidence in Curve’s customer service.

Rules 40

Rules Small Business Commercial Card Payer 40

EBizCharge

AUGUST 30, 2024

Merchants should thoroughly review their merchant account agreement and ask for clarification on line-item charges they don’t understand. While surcharging can offset or cover credit card processing fees altogether, merchants must comply with the rules set by credit card networks and local laws. online or over the phone).

Credit Cards 52

Credit Cards Processors Process Card Issuer 52

Segpay

OCTOBER 4, 2023

Adverse publicity resulting from regulatory actions or legal disputes harms a brand’s image and could ultimately destroy a business. Dispute Resolution: In case of disputes or chargebacks related to affiliate activities, high-risk PSPs can help resolve issues and mitigate potential compliance risks.

Security 52

Security Due Diligence Compliance Payments 52

Stax

MAY 7, 2024

Processing fees vary depending on the service provider, the agreement between the merchant and the processor, the type of credit card used (debit, credit, corporate, rewards, etc), and the type of transaction (online, dipped, swiped, or keyed in). How do chargebacks affect processing fees?

Credit Cards 88

Credit Cards Process Processors Online and Mobile Banking 88

PYMNTS

OCTOBER 28, 2019

The dispute continues over exactly what kinds of companies and activities qualify for new eCommerce sales taxes, and it’s having repercussions for online retail giants. The latest Next-Gen Sales Tax Tracker explores these issues and whether new rules favor the eBays of the world or small to medium-sized businesses (SMBs).

Rules 41

Rules Laws Compliance Disputes 41

PYMNTS

OCTOBER 24, 2019

Wayfair ruling gave states and cities permission to tax remote sellers and online marketplaces based on their economic participation in the state, regardless of whether they had physical presences. The dispute continues over exactly what kinds of companies and activities qualify for new eCommerce sales taxes. The 2018 South Dakota v.

Laws 40

Laws Facilitators Rules Governance 40

PYMNTS

JULY 16, 2018

Rules And Regulations . Despite this distinction, the rules and regulations surrounding their uses are much closer to those of debit cards than of their reloadable prepaid counterparts. Payroll card issuers are also required to disclose their fee structures and customer dispute resolution process, but reloadable card issuers are not.

Payroll 42

Payroll Card Issuer Debit Card Push-to-Card 42

Nanonets

JUNE 19, 2024

Allocation of Credit: Note instances where the supplier extends a credit agreement. Integrate Nanonets Reconcile financial statements in minutes Explore for Free Step 6: Custom and Complex Rule Matching Traditional Approach: Applying custom rules and handling complex scenarios manually can be challenging and resource-intensive.

Reconciliation 52

Reconciliation Process Accounts Duplicate 52

Nanonets

MAY 10, 2023

Legal Education: Keeping up-to-date with new laws, rules, and regulations is essential but time-consuming. Analyzing references and citations Chat GPT can analyze all cases that cite specific statutes, regulations, or court rules. So, we asked it: what case law should I use in the cases about trademark disputes?

Legal 52

Legal Laws AI Procedures 52

Nanonets

JUNE 12, 2024

The procurement policy should define rules and spending limits, along with defining approval processes required for the processing of a purchase order. Order Placement and Follow-Up Reliable suppliers must be selected and agreements in place. Each approver checks the PO for compliance with policies and budget availability.

Best Practices 52

Best Practices Automation Small Business Process 52

PYMNTS

MARCH 2, 2018

Though there is no dollar amount placed on damages being sought, Equifax noted in the filing that “TransUnion seeks declaratory relief, breach of contract and anticipatory repudiation of contract based on our Reciprocal Data Supply Agreement.”.

Breach 41

Breach Data Breach Identity Theft Data Security 41

Nanonets

SEPTEMBER 22, 2023

Prior to entering into contractual agreements, conducting initial risk assessments is crucial to understand potential risks associated with the vendors. It allows both parties to define the scope of work, services, deadlines, and payment agreements. It aims to harmonize the regulatory framework and streamline the authorization process.

Risk Mitigation 40

Risk Mitigation Mitigation Risk Assessment Assessments 40

Nanonets

SEPTEMBER 22, 2023

While minor discrepancies may be acceptable, it is crucial to ensure accuracy to avoid payment delays or disputes. By referencing the invoice number, both parties can easily identify and reconcile any discrepancies or disputes. Understanding these terms helps in managing cash flow effectively.

Reconciliation 40

Reconciliation Automation Disputes Process 40

PYMNTS

SEPTEMBER 20, 2018

Requirements around the recording of digital data — for instance, newer rules on Hours of Service records and electronic recording of drivers’ hours worked — have industry players adopting tools to maintain compliance. Regulations are driving the trucking and logistics industry to adopt cutting-edge technologies.

Accounts 63

Accounts Automation Regulations Risk 63

PYMNTS

NOVEMBER 26, 2019

Businesses depend on the public services tax revenues pay for: roads that facilitate deliveries, courts where firms resolve legal disputes and regulators that help protect businesses from fraud. Wayfair ruling have made tax compliance challenges highly visible. This resulted in the Streamlined Sales and Use Tax Agreement (SSUTA). .

Agreements 56

Agreements Laws Compliance Legal 56

PYMNTS

JANUARY 28, 2019

Capital One CEO Richard Fairbank had more to say about its recently reached “definitive agreement” with Walmart to acquire its co-branded, private-label credit card receivables “at an attractive price and terms” than he did about the earnings misses. For Q4, the bank said provision for credit losses increased 29 percent to $1.6

Money Laundering 51

Money Laundering Visa Credit Cards Regulations 51

Nanonets

MARCH 21, 2023

It is a legal agreement between the buyer and the seller, outlining the details of the transaction and setting the terms of the purchase. Their solution uses machine learning algorithms to automatically extract data from purchase orders, match them against contracts and budget, and approve or reject orders based on pre-defined rules.

Automation 52

Automation Process Payment Gateways Addressing 52

PYMNTS

SEPTEMBER 12, 2016

Then, a bankruptcy judge ruled that private equity firm Sycamore Partners — the retail chain’s largest stakeholder — could use the $150 million it is owed by the bankrupt teen retailer as a bid at its bankruptcy auction. As August was passing into September, Aéropostale’s liquidation seemed certain.

Bitcoin 77

Bitcoin Push-to-Card CFPB Online and Mobile Banking 77

Nanonets

SEPTEMBER 15, 2024

These AI-powered tools extract data accurately, validate the extracted information, flag discrepancies, route documents for approval based on custom rules, and finally export it to downstream business software. All parties rely on rate confirmations to resolve any disputes that may arise during or after the shipment. The result?

Automation 52

Automation Process Disputes AI 52

Stax

SEPTEMBER 19, 2024

Once a customer is satisfied with your quote, a proposal will be crafted, terms will be negotiated, and a final contract agreement will be prepared that spells out the terms of the sale or service to be provided. It can also lead to improved cash flow, greater revenues, higher lead close rates, and fewer customer disputes.

Process 88

Process Automation RFP Disputes 88

Stax

NOVEMBER 15, 2023

This markup can be a fixed fee per transaction or a percentage of the total amount, depending on your processing agreement. Additional fees Generally, processors toss in other fees, like monthly statement fees, gateway fees, or chargeback fees if customers dispute a transaction. Can you decrease interchange fees? (Do

Credit Cards 88

Credit Cards Processors Assessments Non-Bank 88

Nanonets

SEPTEMBER 8, 2023

Once initiated, you cannot cancel a wire but can be recalled or disputed. However, dispute resolution isn't guaranteed. Debit transfers can also be returned if there are insufficient funds, or they can be disputed as non-authorized within 60 days after the transaction posting.

Wire Transfer 52

Wire Transfer Wires Wire ACH 52

Nanonets

FEBRUARY 6, 2024

Streamline your intercompany reconciliation by standardizing tools, rules & processes. Its primary aim is to accurately account for all transactions and adjust accounts according to intercompany accounting rules. The internal transactions are subject to different tax rules, making it essential to report them correctly.

Reconciliation 52

Reconciliation Adjustments Automation Transactions 52