PYMNTS

DECEMBER 16, 2020

users into new agreements with its corporate headquarters in California, effectively circumventing the European Union’s strict privacy laws, according to an exclusive report by the Reuters news service. Facebook will transfer its U.K. Google announced a similar move in February. Facebook’s U.K. Facebook’s U.K. the tech giant’s U.K.

Privacy 85

Privacy Agreements Legal Laws 85

Payments Source

FEBRUARY 26, 2020

The technology can quickly sift through and analyze contracts, nondisclosure agreements and other legal documents, says InCloudCounsel's Troy Pospisil.

Laws 81

Laws AI Legal Agreements 81

Fintech News

AUGUST 21, 2024

plea agreement. Binance has already handled 63,000 law enforcement requests in 2024, up from 58,000 in the previous year, underscoring the increasing regulatory scrutiny. Despite these efforts, Binance still faces significant legal challenges, including a lawsuit from the U.S.

Compliance 127

Compliance Law Enforcement Money Laundering Agreements 127

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. billion in sales over the last five years, with April and May of this year the highest-grossing months since legalization.”. Legal retail cannabis may be spreading throughout the U.S.,

Legal 61

Legal Laws Verification Regulations 61

VISTA InfoSec

SEPTEMBER 14, 2023

We will examine the effects of GDPR in the US and how businesses can adhere to this European privacy law. It’s important to note that the law extends to any EU resident, irrespective of citizenship. EU citizens in the US are protected by US federal and state laws like CalOPPA, COPPA, CCPA, and CDPA. GDPR and U.S.

Compliance 130

Compliance Privacy Processors Legal 130

Nanonets

SEPTEMBER 16, 2024

Consider the volume of contracts that businesses typically deal with, the effort required to manually review dense unstructured legal information, and the (legal) expertise required to interpret the data within contracts. Vendor management Pricing terms, renewal dates, service level agreements (SLAs), liability clauses etc.

Legal 59

Legal AI Payment APIs and Integration Agreements 59

PYMNTS

MAY 29, 2019

The basic structure of the program in a student income share agreement is that an investor essentially fronts a student’s college tuition under the condition that, when the student graduates and begins working, they will surrender a portion of their future income for a given period of time. to offer an income share agreement to its students.

Agreements 59

Agreements Laws Underwriting Caps 59

PYMNTS

JUNE 17, 2020

In the United Kingdom, and for the payment network giants in the decades-long legal battle over interchange fees — next stop, trial court? Wednesday, the highest court in the U.K. The high court’s dismissal of Visa and Mastercard’s appeal paves the way for the retailers to seek compensation.

Legal 60

Legal Visa Issuers Acquirers 60

The Fintech Times

SEPTEMBER 3, 2024

Tweeq will continue to operate independently, and through future opportunities, Tabby could explore expanding its financial products suite to include digital spending accounts, cards, and money management tools in accordance with laws and regulations.

Acquirers 64

Acquirers BNPL Central Bank Legal 64

PYMNTS

JULY 17, 2018

Employees hit with costs to make purchases with their payroll cards, withdraw cash at ATMs, check balances and other everyday banking needs are fighting back against those fees, and introducing new conversations about the legal language of “lawful money,” employee protections and beyond.

Payroll 40

Payroll Legal Laws Debit Card 40

The Fintech Times

SEPTEMBER 30, 2024

UK law enforcement, in particular, faces challenges in tackling fraudsters based overseas due to geographical and legal constraints. International cooperation The report emphasises the global nature of fraud, with criminal networks often operating across borders, making it difficult for individual nations to respond effectively.

Law Enforcement 59

Law Enforcement Cross-Border Fraud Prevention Crime 59

Stax

DECEMBER 6, 2023

Businesses must be aware of and adhere to these rules to avoid legal complications and maintain their reputation. Credit card surcharging is legal in most of the US, with the exception of Connecticut, Massachusetts and Puerto Rico. There may also be caps or regulations on these fees depending on local laws.

Consumer 88

Consumer Credit Cards Alternative Payment Methods Debit Card 88

The Fintech Times

SEPTEMBER 4, 2024

“Renegotiating contracts and updating service-level agreements (SLAs) within tight deadlines adds to this burden. “In the EU for example, the NIS2 Directive, introduces a new era of EU cybersecurity legislation and must be transposed into national law of the EU Member States by October 17, 2024.

Compliance 64

Compliance Rules Regulations Cybersecurity 64

The Fintech Times

MAY 6, 2024

A new report from KARM Legal Consultants, the emerging technologies-focused law firm, provides insightful analysis into how the regulatory environments of the United Arab Emirates (UAE), Kingdom of Saudi Arabia (KSA), Bahrain and Turkey compared to one another as well as to the EU and UK.

Innovation 64

Innovation FinTech BNPL Regulations 64

Stax

MAY 20, 2024

Legal retainers. Identify the contract with the customer Under ASC 606, a contract refers to any agreement between two parties that is verbal, written, or implied. They must comply with all applicable laws and regulations surrounding pricing, cancellation policies, and refunds. Q: When do you recognize unearned revenue?

Accounts 167

Accounts Adjustments Legal Agreements 167

Segpay

OCTOBER 4, 2023

Affiliate marketing is often considered high-risk from a compliance perspective due to several factors that can increase the likelihood of regulatory and legal issues. Such practices can lead to legal and regulatory challenges, particularly if consumers are harmed or misled. Non-compliance can result in fines and legal action.

Security 52

Security Due Diligence Compliance Payments 52

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.

Credit Cards 52

Credit Cards Processors Process Card Issuer 52

Finovate

APRIL 1, 2024

Further, the suit claims that both companies and their member banks were in violation of antitrust laws in doing so. Hilliard Shadowen, the law firm that represented the merchants in the case, estimates that U.S. Per the settlement, these interchange fees – also known as swipe fees – will be lowered and capped until 2030.

Visa 59

Visa Settlement Credit Cards Caps 59

PYMNTS

FEBRUARY 25, 2020

cities and states – as well as nations including India – announcing laws similar to AB5, at least in spirit. Many are unhappy with how the new laws are written, and how they recategorize freelancers. Legal standing hasn’t stopped companies from snapping up gig workers, though. And the wrangling has just begun. The Gig Grows Up.

Economy 56

Economy Laws Legal Governance 56

PYMNTS

JULY 15, 2020

The ruling also noted due diligence was conducted by two law firms, London-based Osborne Clarke and BTG Legal in Mumbai on behalf of the plaintiffs, FT reported. “To some of those partnership announcements were misleading or publicized without the agreement of the companies. Still, this is not the end of troubles for Wirecard.

Due Diligence 64

Due Diligence Money Laundering Laws Legal 64

Stax

JANUARY 8, 2024

Several US legislations (like the Patriot Act, anti money laundering laws , or FinCEN regulations) require PayFacs to know the identities of the business owner(s) they plan to facilitate payments for, during the underwriting stage. could result in financial losses, litigations, law enforcement action, and damage to reputation.

Risk Management 88

Risk Management Risk Money Laundering Mitigation 88

EBizCharge

JULY 15, 2024

Additional billing methods include: Retainers: A retainer agreement is a financial arrangement in which a client pays in advance for the provision of services by a service provider or consultant. Legal recourse: Establish a legal process in place for consistently late payers, signaling the seriousness of timely payment.

Disputes 52

Disputes Payer Legal Service Provider 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 November Next-Gen Sales Tax Tracker examines the latest legal battles over the U.S.’

Laws 63

Laws Compliance Rules Governance 63

PYMNTS

JUNE 28, 2019

pointing specifically to the use of confessions of judgment — a controversial contractual agreement that requires small businesses to accept liability and damages without normal court proceedings. “I find it appalling that New York state law has made our state a magnet for dishonest lenders.”

Federal Trade Commission 51

Federal Trade Commission Small Business Agreements FTC 51

Nanonets

MAY 3, 2023

Rebank Rebank is a finance and legal database for companies operating in multiple countries and currencies. Its AI sorts transactions by country and currency to ensure finance and tax compliance with different countries' laws. Rebanknow will create transfer agreements, loan agreements, local tax documents, and more.

AI 94

AI Finance Advisors Fed 94

PYMNTS

NOVEMBER 15, 2019

Historically, only the largest banks have had the resources — and the time — to devote to the extensive and technical application programming interface (API) integration, testing and compliance, and the legal and contractual reviews necessary to meet FI standards for data sharing , Fortney said. The Template For The Template.

TCH 64

TCH Agreements API FinTech 64

PYMNTS

SEPTEMBER 18, 2018

Those reports speculated about the dollar amount of the settlement — and some possible limits to structural changes in agreements between the card giants and merchants — in the wake of a Supreme Court ruling in June that ruled American Express’ business model and anti-steering provisions were legal. If finalized, the $6.2

Settlement 70

Settlement Visa Agreements Rules 70

PYMNTS

OCTOBER 11, 2020

Epic sued Apple in August, accusing the technology giant of violating laws that restrict anti-competitive behavior. She also noted that Epic chose to breach its agreement with Apple with the result that Apple excluded Fortnite from the App Store. A federal judge Friday (Oct.9)

Rules 104

Rules Laws Processors Breach 104

PYMNTS

OCTOBER 5, 2020

California Assembly Bill 5 ( AB5 ) — and its now famed (and feared) three-part test as to whether a worker could be classified as an independent contractor or must by law be classified as an employee — has been a magnet for controversy almost since day one. The fact that gig workers need benefits is increasingly a point of agreement.

Laws 76

Laws Economy On-Demand Legal 76

PYMNTS

JANUARY 22, 2020

When she tried to get a refund, the company engaged her in a lengthy back-and-forth, and eventually told her she had to sign a confidentiality agreement before the refund would come through. Legal representatives have said that the company has had almost flawless satisfaction. The product did not fix the issue as promised.

Procedures 52

Procedures Legal Agreements Product 52

Fintech Finance

JULY 19, 2024

The guidance will ensure that lenders understand their legal obligations to disclose the costs and fees of these credit products to workers. In March 2023, the CFPB and the National Labor Relations Board announced an information sharing agreement to protect American workers from illegal practices.

CFPB 105

CFPB Rules Product Consumer Financial Protection Bureau (CFPB) 105

PYMNTS

SEPTEMBER 11, 2019

There are some amendments and exemptions to the law that are still being finalized. It seems AB 5 is done but for the final counting — and will soon be California’s local law of the land. That the law has been passed, for example, doesn’t answer how comprehensively the law will be enforced.

Economy 65

Economy Laws Legal Framework Legal 65

PYMNTS

DECEMBER 3, 2018

If the law, which was proposed by Senator Michael Gianaris, is passed, the transactions would be a felony punishable by up to four years in prison. The proposed law is comparable to the federal one, which prohibits someone from buying stock in a company based on what is commonly called inside, or non-public, information.

Laws 43

Laws Legal NOV Agreements 43

PYMNTS

MARCH 2, 2020

Several legal experts have said the agreement raises serious antitrust concerns. There’s no question the acquisition could and should face scrutiny,” said Aaron Edlin, a law and economics professor at the University of California at Berkeley. Credit Karma started offering a free tax filing service in 2017.

Blocks 52

Blocks Laws Credit Cards Breach 52

PYMNTS

NOVEMBER 18, 2018

Back in March the SEC said it would treat most token offerings as the same as securities offerings and that it will impose fines on those that skirted the laws. They two have agreed to pay back investors and will each pay $250,000 in fines as part of a settlement agreement with the SEC. “We

Laws 60

Laws Settlement Rules Security 60

PYMNTS

JULY 1, 2020

Crypto payments will be valid so long as the fee agreement is “fair and reasonable” and the lawyer can safeguard the virtual property, the opinion states, so as to acknowledge the sometimes turbulent nature of cryptocurrencies. Washington D.C.

Digital Currency 78

Digital Currency Cryptocurrency IRS Agreements 78

PYMNTS

MAY 22, 2019

Members of Congress supported a plan to draft legislation aimed at the use of facial recognition software by law enforcement on Wednesday (May 22), according to reports. I talked to the ranking member, and there is a lot of agreement,” he said. But there’s a lot of agreement here. Thank God.”.

Law Enforcement 53

Law Enforcement Regulations Laws Agreements 53