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.

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Compliance Law Enforcement Money Laundering Agreements 128

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.

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Agreements Laws Underwriting Caps 59

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. Even businesses eager to pay their share, however, may feel that complying with tax laws is complicated. .

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Agreements Laws Compliance Legal 56

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.

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Compliance Privacy Processors Legal 130

Nanonets

MAY 10, 2023

From court documents being moved to digital formats to the advent of AI in legal research, a lot has changed. What does it mean for legal professionals? And how can you use AI to make legal work more efficient? Court dates, client meetings, legal research, paperwork – the list goes on for legal professionals.

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Legal Laws AI Procedures 52

EBizCharge

JUNE 28, 2024

The question “Is it legal to charge a credit card fee?” This article will explore the legality of charging such fees as well as the pros and cons associated with them. Surcharging is legal in many states and is regulated at the state and federal levels. is a legitimate inquiry for merchants seeking ways to offset these expenses.

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Credit Cards Legal Debit Card Disputes 52

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.

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PYMNTS

MARCH 2, 2020

New Jersey joins Washington, Illinois and other states and regions in introducing data privacy laws. Amol Sinha, executive director of the American Civil Liberties Union of New Jersey, said laws are necessary to safeguard consumers from being exploited. “We

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Privacy Regulations Laws Agreements 99

Electronic Payments Coalition

MARCH 26, 2024

EPC STATEMENT: WASHINGTON – Electronic Payments Coalition (EPC) Executive Chairman Richard Hunt issued the following statement regarding the impact the interchange lawsuit agreement between U.S. Congress should put an end to the ill-advised Durbin-Marshall mandates and let the agreement merchants reached stand on its own.”

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Agreements Payment Networks Settlement Credit Cards 52

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?

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Accounts Adjustments Legal Agreements 167

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.

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Payroll Legal Laws Debit Card 40

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)

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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

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Settlement Visa Agreements Rules 70

PYMNTS

DECEMBER 21, 2020

Facebook to Migrate UK Users to California Privacy Agreement Due to Brexit. users into new agreements with its California headquarters, effectively going around the EU’s stringent privacy regulations as Britain prepares to leave the EU. Big Tech Could Face Penalties Under Potential UK Law on Illicit Content. Facebook’s U.K.

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Privacy Agreements Federal Trade Commission Regs 57

Neopay

DECEMBER 4, 2024

Addressing these issues effectively requires organisations to share personal information responsibly, ensuring compliance with data protection laws while prioritising public safety. Misconceptions about data protection laws can lead to reluctance among organisations, potentially allowing criminals to exploit these gaps.

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Scams Fraud Prevention Laws Assessments 52

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.

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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.

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Due Diligence Money Laundering Laws Legal 64

PYMNTS

FEBRUARY 13, 2020

The solution, dubbed CounselLink FastTrack, focuses on accelerating payments to law firms servicing corporate legal departments, with supply chain financing able to accelerate law firms’ invoice-to-cash cycles while still providing capital float for corporate legal departments.

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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.

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Legal AI Payment APIs and Integration Agreements 59

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.

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TCH Agreements API FinTech 64

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.

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Laws Economy On-Demand Legal 76

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.’

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Laws Compliance Rules Governance 63

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.

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Economy Laws Legal Governance 56

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.

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Economy Laws Legal Framework Legal 65

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.

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Acquirers BNPL Central Bank Legal 64

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.

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Digital Currency Cryptocurrency IRS Agreements 78

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.

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AI Finance Advisors Fed 94

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

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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.”

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Federal Trade Commission Small Business Agreements FTC 51

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.

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Risk Management Risk Money Laundering Mitigation 88

The Payments Association

DECEMBER 16, 2024

At the time of the agreement, the exchange rate is 1 EUR = 1.10 Sudden changes to foreign exchange laws or restrictions on capital flows can delay or block payments. Non-compliance with new rules, such as anti-money laundering (AML) or tax regulations, may lead to fines, legal issues, and reputational harm.

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International Payments Risk Payments Strategy Multi-Currency 88

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.

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Innovation FinTech BNPL Regulations 64

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.

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CFPB Rules Product Consumer Financial Protection Bureau (CFPB) 105

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.”.

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Law Enforcement Regulations Laws Agreements 53

PYMNTS

DECEMBER 26, 2018

According to a report in TechCrunch , citing law firm Lichten & Liss-Riordan, Uber has as part of the settlement tentatively offered to pay 11 cents for each mile Uber drivers drove. Drivers have been going after Uber individually after a September ruling that they could launch a class action lawsuit against Uber.

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Settlement Agreements Laws Rules 83

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. Make sure you read the fine print on your processing agreement to know what you might be dishing out for these extras. Can you decrease interchange fees? (Do

Credit Cards 88

Credit Cards Processors Assessments Non-Bank 88

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.

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Procedures Legal Agreements Product 52