Fintech News

AUGUST 21, 2024

plea agreement. Despite these efforts, Binance still faces significant legal challenges, including a lawsuit from the U.S. Zhao, also known as CZ, was sentenced to four months in prison as part of this agreement, which addressed anti-money laundering violations.

Compliance 128

Compliance Law Enforcement Money Laundering Agreements 128

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.

Legal 52

Legal Laws AI Procedures 52

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. This resulted in the Streamlined Sales and Use Tax Agreement (SSUTA). . SSUTA’s benefits have not won it many new members, however.

Agreements 56

Agreements Laws Compliance Legal 56

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.

Credit Cards 52

Credit Cards Legal Debit Card Disputes 52

PYMNTS

SEPTEMBER 18, 2018

It should be noted that Dubai Financial Services Authority had, as of last month, signed an agreement with MAS, through which collaboration will be promoted as it pertains to FinTech projects. Such large-scale efforts may not be in the offing here in the States, at least as presaged by a legal tangle. While In New York, New York….

Legal 66

Legal Office of the Comptroller of the Currency FinTech eWallet 66

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.”

Agreements 52

Agreements Payment Networks Settlement Credit Cards 52

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

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. MIFs can also vary according to whether acquirers and issuers are based in different regions or states.

Legal 60

Legal Visa Issuers Acquirers 60

VISTA InfoSec

SEPTEMBER 14, 2023

As per Article 4 (7) , a data controller is defined as ‘a natural or legal person, public authority, agency, or other body which, alone or jointly with others, determines the purposes and means of processing personal data.’ While not a legal requirement, this step lays the foundation for your business to ensure full compliance.

Compliance 130

Compliance Privacy Processors Legal 130

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. Legal and regulatory implications There are strict accounting standards in place to manage unearned revenue and revenue recognition for large and small businesses.

Accounts 167

Accounts Adjustments Legal Agreements 167

PYMNTS

JULY 11, 2019

Marijuana decriminalization may be one of the very few issues upon which bipartisan agreement can still be reached in this session,” said Rep. The spread of legal cannabis has major payments problems because federal law considers the drug illegal. Tom McClintock, R-Calif.

Laws 79

Laws Legal Credit Union Crime 79

PYMNTS

JANUARY 20, 2020

million will be paid to Sears Holding by its current owner, Transform Holdco , according to Footwear News , following a months-long legal dispute between the entities after Sears ’ bankruptcy filing in October 2018. million from the purchase agreement. Sears had previously filed a lawsuit against Transform claiming it was owed $57.7

Legal 94

Legal Payments B2B Disputes 94

The Fintech Times

JULY 29, 2024

Dubai Land Department provides a conflict resolution service to customers, aiming to help investors and developers reach an agreement that satisfies all parties of the contractual relationship and guarantees their rights. billion in H1’24, showcasing the safe and reliable ability of DLD to document agreements.

Settlement 59

Settlement Disputes Legal Support Legal 59

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

AUGUST 14, 2020

Revlon is involved in a legal dispute with some of its lenders. The complaint alleged the cosmetics company had broken its loan agreements by siphoning off intellectual property including those for American Crew, Elizabeth Arden, Almay and other brands, transferring them to subsidiaries as collateral.

Returns 108

Returns Push-to-Card Disputes Blocks 108

NFCW

JULY 17, 2024

“The European Commission has made commitments offered by Apple legally binding under EU antitrust rules,” the official announcement says. “The European Commission has made commitments offered by Apple legally binding under EU antitrust rules,” the official announcement says.

Payment Service Provider (PSP) 75

Payment Service Provider (PSP) Use Case Legal Agreements 75

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

JANUARY 25, 2021

BofA Securities is serving as financial advisor to NCR and Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal counsel. LLC is serving as financial advisor to Cardtronics, and Weil, Gotshal & Manges LLP and Ashurst LLP is serving as legal counsel. million in accordance with the terms of the acquisition agreement.

Advisors 81

Advisors Non-Bank Legal ATM 81

The Fintech Times

MAY 13, 2024

Backing expansion to the EU The MOU, which signifies a landmark agreement between the two leading fintech associations, was signed during the Dubai Fintech Summit , in Dubai. The Hungarian Fintech Association also provide various educational and networking opportunities for their members and other industry players.

FinTech 105

FinTech Cross-Border Central Bank Best Practices 105

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

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. Facebook will transition its U.K. prepares to leave via Brexit. Facebook’s U.K.

Privacy 57

Privacy Agreements Federal Trade Commission Regs 57

The Fintech Times

DECEMBER 19, 2023

Here Akshata Namjoshi, associate partner, and Ratul Roshan , senior associate, at legal consulting firm KARM Legal Consultants, explore the evolving regulatory landscape of BNPL services in the United Kingdom, Australia, Ireland, and the United Arab Emirates (UAE).

BNPL 113

BNPL Regulations Finance Consumer Protection 113

PYMNTS

DECEMBER 9, 2019

Starling Bank has lent only £782,000 to SMBs since winning the RBS money in February, casting doubt over its ability to meet its agreement within five years. Starling Bank also announced on Monday that it has added Sparqa Legal to its business marketplace, its first legal services partner, Crowdfund Insider reported.

Legal 52

Legal Agreements Small Business Accounts 52

International Payments Processing

JANUARY 11, 2022

Besides, the primary users of Cashless ATMs are the merchants, which cannot obtain payment services – whether due to legal or regulatory prohibitions, Visa rules, or the rules of other networks. The purchase transactions are then submitted to Visa’s plus network to process the transaction.

ATM 88

ATM Transactions Point-of-Sale (POS) Acquirers 88

International Payments Processing

JANUARY 11, 2022

Besides, the primary users of Cashless ATMs are the merchants, which cannot obtain payment services – whether due to legal or regulatory prohibitions, Visa rules, or the rules of other networks. The purchase transactions are then submitted to Visa’s plus network to process the transaction.

ATM 88

ATM Transactions Point-of-Sale (POS) Acquirers 88

PYMNTS

NOVEMBER 25, 2018

The Financial Times , citing EU competition commissioner Margrethe Vestager, reported the regulator is looking into price manipulation agreements between airliners, travel agents and flight reservation booking companies Amadeus and Sabre.

Agreements 70

Agreements Legal Acquirers Regulations 70

Finovate

JULY 22, 2024

Cybersecurity BBVA inks agreement with Telefónica Tech; opens international cybersecurity center in Mexico. Accounting Legaltech Clio unveils Clio Accounting , the latest addition to its suite of fintech offerings for legal professionals. Identity verification IDenfy launches automated bill verification tool for utilities.

FinTech 64

FinTech Credit Union Cybersecurity Verification 64

The Fintech Times

DECEMBER 13, 2024

“We started this initiative in advance of any legal direction or international competition. “Agreement on a standard way to measure emissions when people pay or get paid will provide a useful starting point for meaningful discussion,” Craddock also added.

Digital Payments 69

Digital Payments Payments Assessments Legal 69

Nanonets

SEPTEMBER 14, 2023

From legal contracts to healthcare records and beyond, the applications of signature identification are as diverse as they are impactful. However, in many cases, documents, contracts, forms, and agreements may also include signatures that are important for various legal, administrative, or authentication purposes.

Legal 52

Legal Authentication Disputes Verification 52

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

Nanonets

MAY 3, 2023

Rebank Rebank is a finance and legal database for companies operating in multiple countries and currencies. Rebanknow will create transfer agreements, loan agreements, local tax documents, and more. Each document will be completely legal for each country that it affects.

AI 94

AI Finance Advisors Fed 94

PYMNTS

SEPTEMBER 8, 2020

Apple registered a reply and counterclaims in its legal saga with Epic Games , contending that the developer broke its agreement with Apple as it also asked for damages in a conflict that arose on August 13, CNBC reported.

Legal 56

Legal Breach Agreements Accounts 56

CB Insights

DECEMBER 17, 2020

In the US, for example, lots of different players need to be involved, including a licensed issuer, whitelisted investors, numerous legal departments, and the Securities and Exchange Commission (SEC), among others. But issuing securities can be a daunting process.

Distributed Ledger Technology (DLT) 76

Distributed Ledger Technology (DLT) Blockchain Legal Participant 76

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.

Legal 64

Legal Laws Accounts B2B 64

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. Is it legal to charge surcharge fees? How much are credit card surcharge fees?

Consumer 88

Consumer Credit Cards Alternative Payment Methods Debit Card 88

Nanonets

NOVEMBER 14, 2023

It is used when there is a pre-established contract or agreement with the supplier regarding the price of the goods. Rules for Self-invoicing The adoption of self-invoicing entails adherence to a set of rules to ensure a smooth and compliant financial processes: Legal Validity: Every self-billing agreement must stand on solid legal ground.

Agreements 52

Agreements Compliance Disputes Legal 52

PYMNTS

APRIL 7, 2020

The New York-based company has filed a lawsuit in the Delaware Court of Chancery alleging the Tokyo multinational conglomerate holding company failed to meet its obligations under the agreement to buy $3 billion in shares of the company that was signed last year, the firm announced Tuesday (April 7).

Agreements 52

Agreements Legal Breach 52