PYMNTS

DECEMBER 26, 2018

The Indian government has made new rules for websites like Amazon and Flipkart and changed how they’re allowed to sell goods in the country, according to reports. Under the new rules, which go into effect on Feb. Also, the companies can’t have exclusive agreements with sellers. A petition was also filed against Flipkart.

Rules 62

Rules Agreements Laws Regulations 62

Payments Dive

JULY 24, 2024

The card network giant expects the parties to negotiate a new settlement following a judge’s rejection of an agreement reached earlier this year, but its CEO notes that could happen after a trial begins.

Settlement 78

Settlement Rules Agreements 78

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

JUNE 28, 2018

are getting close to settling a 13-year-old lawsuit over fees charged when merchants accept card payments, according to a person familiar with the agreement. and Mastercard Inc.

Agreements 65

Agreements Visa Payments Rules 65

PYMNTS

NOVEMBER 26, 2019

Wayfair ruling have made tax compliance challenges highly visible. This resulted in the Streamlined Sales and Use Tax Agreement (SSUTA). . The 2018 Wayfair ruling turned eyes back to SSUTA nearly two decades after its launch, and this month’s Deep Dive examines whether it can alleviate today’s compliance strains. .

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Agreements Laws Compliance Legal 56

PYMNTS

MARCH 6, 2019

The regulations additionally stopped eCommerce outfits from entering into exclusive agreements about product sales. The new eCommerce rules took effect on Feb. Companies like Walmart and Amazon were also required to give all sellers a fair chance at warehousing, logistics and advertising. billion people in India. .

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Rules Regulations Adjustments Agreements 63

Payment Savvy

MAY 11, 2023

Visa has a set of rules and regulations that govern the use of its payment network, and these rules and regulations are subject to change from time to time. In this article, we will discuss the recent visa rule changes and how they impact you. Merchants who accept Visa payments must comply with the Visa merchant rules.

Rules 52

Rules PCI DSS Disputes Payment Networks 52

PYMNTS

NOVEMBER 3, 2020

In other words, there may be a range of potential new rules coming into play in the U.S. Late last week, the Consumer Financial Protection Bureau (CFPB) said it will look to issue advance notice of proposed rulemaking on “open banking” by the end of this year.

CFPB 79

CFPB Consumer Financial Protection Bureau (CFPB) Rules Authorization 79

The Fintech Times

AUGUST 23, 2024

After the Financial Conduct Authority (FCA) released a consultation paper on proposed changes to the existing rules governing how payments for investment research are made, there was a mixed response from the industry. The proportion of firms that do not expect any change within two years has grown by seven per cent, up to 42.4 However, 15.2

Research 59

Research Rules Consulting Agreements 59

PYMNTS

OCTOBER 11, 2020

Friday's ruling by U.S. Given the novelty and the magnitude of the issues, as well as the debate in both the academic community and society at large, the Court is unwilling to tilt the playing field in favor of one party or the other with an early ruling of likelihood of success on the merits," Rogers wrote.

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Rules Laws Processors Breach 104

Finovate

SEPTEMBER 18, 2024

The regulatory body is currently taking public comment on the rule. Continuous third-party records access The proposed rule states that if banks rely on non-bank companies to manage custodial deposits and their records, the bank must have continuous, direct access to records held at the third party organization.

Rules 52

Rules FDIC Non-Bank Money Laundering 52

PYMNTS

JUNE 25, 2020

It will be easier for New York cryptocurrency businesses to launch in New York, thanks to a plan by regulators that would ease licensing rules. Kristina Johnson , SUNY’s Chancellor, said the key ingredient of the agreement is to develop the next generation of developers, researchers and leaders.

Cryptocurrency 96

Cryptocurrency Regulations Agreements Blocks 96

PYMNTS

AUGUST 5, 2020

Uber’s work during the pandemic has included an agreement to provide health agencies with contact tracing data, meaning the ways of tracking those who have tested positive for the coronavirus and anyone they might have come into contact with. The service aims to help healthcare officials reach infected people and ask them to quarantine.

Returns 113

Returns Agreements Laws Economy 113

Neopay

JANUARY 25, 2024

The Prudential Regulation Authority (PRA) has fined Mr Iain Mark Hunter, the former Chief Executive Officer (CEO) of Wyelands Bank Plc (Wyelands), £118,808 for breaching three PRA Conduct Rules between 7 March 2016 and 28 May 2020.

Breach 52

Breach Rules Mitigation Regulations 52

Fintech Review

JUNE 25, 2024

Smart Contracts: Automating Financial Agreements Smart contracts represent a pivotal advancement facilitated by blockchain technology. These self-executing contracts enable automated verification, execution, and enforcement of agreements without intermediaries.

Blockchain 95

Blockchain Technology Innovation Cross-Border 95

PYMNTS

JANUARY 26, 2020

The EU is looking to adopt new antitrust rules that will aim to give European companies more leeway in the market. The new rules, described by Reuters as protectionist, will be unveiled in March.

Blockchain 84

Blockchain AI Rules Agreements 84

Stax

MAY 20, 2024

What accounting rules do subscription businesses need to abide by in order to stay compliant with global standards? Identify the contract with the customer Under ASC 606, a contract refers to any agreement between two parties that is verbal, written, or implied. So, what differentiates ‘earned’ versus ‘unearned revenue’?

Accounts 167

Accounts Adjustments Legal Agreements 167

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

SEPTEMBER 3, 2020

Airbnb entering into that agreement could involve it giving up some control of operations, and it wouldn't have the same say over its own goals. SPACs raise money publicly in order to make a purchase within a set period of time, often around two years.

Checks 113

Checks Agreements Rules FinTech 113

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

Fintech Finance

OCTOBER 24, 2024

Under the new rules, the Financial Conduct Authority will be able to make customer affordability checks mandatory, and lenders will need to ensure clear and accessible information is provided, so that customers fully understand what they are signing up to ahead of any loan agreement.

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Regulations Agreements Checks Consulting 97

PYMNTS

JUNE 9, 2020

The FCC is doing so by looking into how it can speed up the upgrades to existing wireless infrastructure through state and local rules, the release states, in order to provide the high-speed 5G networks which are “critical to expanding economic opportunities and supporting public health and safety in American communities.”

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Rules Mitigation Agreements Facilitators 81

PYMNTS

JUNE 10, 2020

In a letter , lawmakers said several child and privacy advocacy groups noted that the company has failed to remove videos made by children under age 13 as it promised to under a consent agreement with the FTC. Faced with compelling evidence that this wildly popular social media platform is blatantly flouting binding U.S.

Privacy 101

Privacy Authorization Federal Trade Commission FTC 101

Fintech News

FEBRUARY 18, 2024

This includes the development of proprietary technologies such as workflow builders, liveness and deepfake detection, and mechanisms to adhere to the travel rule. “As regulators made the travel rule a compliance requirement, the world is fast evolving to adopt the travel rule.

Verification 119

Verification Travel Rule Multi-Currency Compliance 119

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

AUGUST 21, 2020

District Judge Jesse Furman ruled that Brigade isn’t allowed to touch the money. Loigman argued it was “not believable that a sophisticated institution like Citi could have transferred nearly $1 billion, in the exact amount outstanding under the 2016 credit agreement, in error,”. On Monday (Aug.

Returns 105

Returns Agreements Rules Accounts 105

PYMNTS

DECEMBER 21, 2020

The European Union ’s governing European Commission published drafts of new rules for digital services that would cover social media, digital marketplaces and other platforms. Facebook to Migrate UK Users to California Privacy Agreement Due to Brexit. and Europe. EU Unveils First Drafts of Digital Markets and Digital Services Acts.

Privacy 57

Privacy Agreements Federal Trade Commission Regs 57

PYMNTS

JANUARY 5, 2021

The aim of the agreement is to boost access to “transparent, affordable credit — particularly among businesses owned by women, people of color and rural entrepreneurs,” the nonprofit lender noted in a press release. The San Jose-based community development financial institution, or CDFI, on Tuesday (Jan.

Credit Union 79

Credit Union Small Business Underserved Agreements 79

PYMNTS

DECEMBER 28, 2018

Under new rules imposed by the Indian government, eCommerce companies like Walmart-owned Flipkart Group and Amazon, will no longer be able to sell merchandise from companies in which they have an equity interest, or form exclusive agreements with sellers.

Small Business 76

Small Business Rules Government Governance 76

PYMNTS

DECEMBER 4, 2018

The ministers’ plan has actions that last until 2020, and includes measures to reduce the power of national supervisors setting anti-money laundering rules. The plan would make supervisors clarify rules for whether bank managers are fit, and also revoke licenses for criminal activity. There are, however, concessions.

Money Laundering 57

Money Laundering Financial Crimes Non-Bank Rules 57

PYMNTS

JANUARY 2, 2020

The Big Four auditing firms have also recently requested that the Financial Accounting Standards Board (FASB) provide clarity in how corporates should classify their reverse factoring or supply chain financing agreements, adding more fuel to a long-standing debate as to whether such trade financing tools are considered debt.

AI 71

AI Rules Audit Accounts 71

PYMNTS

NOVEMBER 10, 2020

Nacha had been planning Phixius earlier this year as a new hub for digital payments streaming, replacing the old system that used laborious bilateral agreements to limit widespread collaboration and manual processes that could leave the door open for fraud.

Phixius 72

Phixius NACHA Security ACH 72

The Fintech Times

SEPTEMBER 23, 2024

The new agreement extends an existing partnership between Nasdaq and Nubank, with the bank leveraging technology to manage its fixed-income and money market operations. In response to this shift, the region’s regulators are aiming to unlock new areas of open finance and digital banking through rule changes.

Compliance 105

Compliance Regulations Treasury Reporting Requirements 105

PYMNTS

FEBRUARY 20, 2020

bank sets its data sharing rules for FinTech firms. A spokesperson for the bank confirmed reports, noting that JPMorgan had already signed agreements that cover about 95 percent of data access requests. Plus, a major U.S. JPMorgan Sets FinTech Data Deadline. As the U.S. As the U.S. FreshBooks Inks Tax Integration Deal.

Accounts 87

Accounts Small Business Agreements Risk Mitigation 87

PYMNTS

FEBRUARY 20, 2020

to sign new terms of service agreements, people familiar with the matter told Reuters. companies, is staying in the EU and will keep some of the EU’s famously stringent data protection rules, the General Data Protection Regulation. Because Google is unsure whether Britain will comply with GDPR rules, Google decided to move its U.K.

Privacy 56

Privacy Law Enforcement Laws Rules 56

PYMNTS

AUGUST 21, 2020

Michael Jaffé, the court-appointed insolvency administrator, said an agreement has been reached to sell Wirecard’s Brazilian business to Sao Paulo-based PagSeguro Digital, one of the nation’s largest mobile payment-based eCommerce companies. “It

CHIPS 88

CHIPS Agreements Rules Compliance 88