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

Stax

DECEMBER 2, 2024

Several new laws seek to ban “drip pricing” or “junk fees,” and their uncertain meaning has resulted in confusion among merchants and acquirers. What are drip pricing laws? This language is from California’s “Honest Pricing Law,” also known as SB 478 , which went into effect on July 1, 2024.

Junk Fees 68

Junk Fees Credit Cards Push-to-Card Laws 68

PYMNTS

APRIL 1, 2020

“This legislation represents a significant breakthrough – the first time a state or nation has passed a new law devoted exclusively to putting guardrails in place for the use of facial recognition technology,” Smith said in the post. In our view, this required a legal floor of responsibility, governed by the rule of law,” Smith said.

Laws 121

Laws Law Enforcement Government Governance 121

The Payments Association

OCTOBER 23, 2024

On 25 September 2024, the UK Financial Conduct Authority (FCA) published its long-awaited Consultation Paper (CP24/20) setting out proposed changes to the safeguarding rules applicable to electronic money institutions (EMIs) and payment institutions (PIs) (together, payments firms). What does this mean for Payments firms?

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Rules Payments Institute Authorization Reconciliation 88

Global Fintech & Digital Assets

OCTOBER 31, 2023

Licensees, exchanges, and other market participants should prepare to comply with the listing, disclosure, capital, and other requirements that the new law imposes. Issuing a digital asset does not in itself require licensure, unless such asset is redeemable for legal tender, bank credit, or another digital asset.

Laws 52

Laws Stablecoins Issuers Legal 52

VISTA InfoSec

AUGUST 22, 2023

In 2019, a Swedish local authority was fined over $20,000 for using facial recognition software to monitor high school students’ attendance. Use beyond the original purposes requires explicit consent or legal justification. Nevertheless, specific exceptions detailed in Article 9 (2) provide flexibility to this prohibition.

Privacy 130

Privacy Compliance Legal Best Practices 130

VISTA InfoSec

MARCH 28, 2024

Data Minimization Data minimization means collecting only the information you absolutely need to serve your customers or comply with legal requirements. For example, if you’re only shipping products, you might not need to collect customers’ birthdates unless it’s relevant for legal age verification.

Data Breach 278

Data Breach Regulatory Compliance Breach Encryption 278

PYMNTS

NOVEMBER 16, 2020

The group, Noyb, which is led by Austrian privacy activist Max Schrems, filed official complaints with data protection authorities in German and Spanish. They allege that Apple stores tracked user data without getting consent, which is a violation of Europe’s privacy law, the General Data Protection Regulation (GDPR).

Privacy 61

Privacy Legal Disputes Laws 61

PYMNTS

JANUARY 29, 2020

s Competition and Markets Authority (CMA), which said the site was misleading consumers, according to a report by the Financial Times. The site is potentially facing legal action, and the regulator is already investigating eBay’s proposed sale of StubHub to its rival in the country, Viagogo. In the U.K.,

Authorization 52

Authorization Legal Laws Regulations 52

Fintech News

MARCH 31, 2024

The Monetary Authority of Singapore (MAS) has officially rolled out the COSMIC platform , a digital initiative aimed at bolstering the defense against money laundering, terrorism financing, and the proliferation of weapons of mass destruction.

Financial Crimes 105

Financial Crimes Crime Money Laundering Law Enforcement 105

Fintech News

JUNE 23, 2024

While DPT activities in Singapore constitute a small portion of global activities, authorities have noted a rise in reported cases and various ways these tokens can be exploited. Consequently, Singapore is closely monitoring the sector. Other high-risk sectors include real estate, licensed trust companies, casinos, and precious metals.

Money Laundering 105

Money Laundering Risk Crime Law Enforcement 105

Fintech News

FEBRUARY 25, 2024

A major investigation is underway in Singapore involving the police and the Monetary Authority of Singapore (MAS) against two key figures of Samlit Moneychanger, a licensed payment services provider. Violations of these laws carry severe penalties, including fines and imprisonment.

Authorization 105

Authorization Laws Business Day Compliance 105

The Payments Association

NOVEMBER 7, 2024

However, it is also under the perception of being beset by tough legal challenges, high fraud levels, and constant scrutiny from governments trying to regulate an industry evolving at a rapid pace. Laws and regulations create limitations to international competitiveness.

Compliance 88

Compliance Innovation Regulations Payments 88

VISTA InfoSec

JULY 17, 2024

Navigate legal and regulatory frameworks Dealing with laws and rules about cybersecurity in different countries is a must. Each of these sets its own rules on handling personal information safely and legally. You need to know these laws well because they affect how you manage cybersecurity when dealing with multiple languages.

Cybersecurity 238

Cybersecurity Compliance Encryption Best Practices 238

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

PYMNTS

JULY 9, 2020

Authorities in China have confiscated bitcoin, ether and tether worth more than $15 million and luxury cars from those who allegedly ran a purported cryptocurrency scheme, CoinDesk reported. The victim reportedly told authorities, “Simply put, you send one unit of ETH to a designated address, you will receive 60 HT.

Law Enforcement 64

Law Enforcement Laws Stablecoins Addressing 64

VISTA InfoSec

JUNE 21, 2023

However, due to the nature of cybercriminal activity, it is crucial to react quickly and correctly to contain the incident, minimize any further damages, and protect your business from legal troubles. Be sure to familiarize yourself with state laws, which your legal counsel will be able to help with. Secret Service offices.

Data Breach 130

Data Breach Breach Law Enforcement Cybersecurity 130

PYMNTS

JANUARY 10, 2020

On another note, Illinois has become the most recent state to recognize blockchain-based records, including smart contracts, as legal, according to CoinDesk. The move allows for a whole new bevy of blockchain-based legal contracts, which will be able to be used for official purposes like court. . Entities licensed under the FSL (e.g.

Legal 52

Legal Blockchain Regulations Bitcoin 52

PYMNTS

DECEMBER 23, 2019

One such area in which instant payments remain out of reach is the legal system, as claimants still largely receive their settlements or disbursements via check. These paper-based payment methods can inconvenience customers and cause frictions, but law firms and their supporting partners are often hamstrung when it comes to replacing them.

Legal 52

Legal Instant Payments Checks Settlement 52

PYMNTS

FEBRUARY 26, 2020

AB5 was put into law last year. The law makes it harder for companies to classify their workers as independent contractors, which has reverberations for the trucking industry as well. . ” The portal provides motor carrier insurance through a tie-up with Aon , which provides risk, retirement and health solutions. .

Laws 56

Laws Adjustments Legal Authorization 56

PYMNTS

DECEMBER 11, 2019

The lawmakers warned that both companies should allow for “backdoor” access to law enforcement or they would be forced to regulate the technology. Attorney General William Barr, as well as authorities in the U.K. senators went head to head with executives of Apple and Facebook on Tuesday (Dec.

Law Enforcement 52

Law Enforcement Encryption Laws Privacy 52

PYMNTS

JANUARY 23, 2019

3 Super Bowl approaches — heaven for football fans and gamblers, including bettors who make wagers via online channels — federal authorities have brought a new level of uncertainty into the prospect of those legal bets. Now, at least eight states have some form of legal online sports betting, with more states moving toward that goal.

Legal 57

Legal Wire Wires Rules 57

PYMNTS

DECEMBER 11, 2019

The lawmakers warned that both companies should allow for “backdoor” access to law enforcement or they would be forced to regulate the technology. Attorney General William Barr, as well as authorities in the U.K. senators went head to head with executives of Apple and Facebook on Tuesday (Dec.

Law Enforcement 52

Law Enforcement Encryption Laws Privacy 52

VISTA InfoSec

OCTOBER 21, 2024

Navigate legal and regulatory frameworks Dealing with laws and rules about cybersecurity in different countries is a must. Each of these sets its own rules on handling personal information safely and legally. You need to know these laws well because they affect how you manage cybersecurity when dealing with multiple languages.

Cybersecurity 130

Cybersecurity Compliance Encryption Best Practices 130

VISTA InfoSec

SEPTEMBER 28, 2023

Now, this individual could be anyone, but there are a couple of special cases to consider: If the individual is a child, then the ‘Data Principal’ also includes the child’s parents or their lawful guardian. If the individual has a disability, then the ‘Data Principal’ includes their lawful guardian who is acting on their behalf.

Laws 130

Laws Privacy Authentication Authorization 130

VISTA InfoSec

SEPTEMBER 15, 2023

For minors , consent must be procured from the parent or legal guardian. Clause 9(1), DPDP Act) If consent is retracted, the data fiduciary must stop the data processor from processing that individual’s data, unless otherwise authorized. For data processed for any function under any law or judgment issued under law.

Data Breach 130

Data Breach Breach Government Governance 130

Fintech News

MARCH 31, 2024

The Indonesian Financial Services Authority (OJK) has issued a new mandate requiring all financial institutions introducing new products and services, including those related to crypto assets, to participate in a regulatory sandbox. Those failing to comply will be deemed unlicensed or illegal.

Consumer Protection 110

Consumer Protection Risk Management Regulations Legal 110

Fintech News

FEBRUARY 25, 2024

This recommendation comes after a thorough evaluation of Zipmex’s operations, highlighting concerns regarding the company’s compliance with legal financial standards and the sufficiency of its management structure. The SEC Board, invoking its authority under the Emergency Decree on Digital Asset Businesses B.E.

Legal 112

Legal Returns On-Demand Laws 112

Fintech News

FEBRUARY 21, 2024

The Indonesian Financial Services Authority (OJK) is closely monitoring Investree , a fintech peer-to-peer lending platform, following public reports of potential operational and consumer protection violations. If violations are proven, the OJK said that it will take necessary actions, potentially collaborating with law enforcement officials.

Law Enforcement 114

Law Enforcement Audit Authorization Consumer Protection 114

Stax

JANUARY 15, 2024

Failure to comply with its policy frameworks can have severe consequences— legally and financially. Surcharging involves understanding federal laws, state-specific restrictions, and international regulations. Be sure to understand federal laws, state regulations, and international standards to sidestep potential legal issues.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

VISTA InfoSec

FEBRUARY 25, 2024

A data breach occurs when cybercriminals infiltrate your systems and access sensitive information without authorization. You may face legal/regulatory penalties for violating disclosure laws. Minimize Access Only authorize essential system/data access for users per role responsibilities. What Is A Data Breach?

Data Breach 272

Data Breach Breach Multifactor Authentication Cybersecurity 272

PYMNTS

DECEMBER 29, 2020

According to Anadolu Agency , Turkey's state-run news agency, prosecutors issued the warrant after a joint probe by Turkish financial crime investigators and tax authorities into a reported $132 million money laundering scheme in Turkey, the AP reported. the Associated Press (AP) reported. Also this month, the U.S.

Authorization 67

Authorization Financial Crimes Money Laundering Email Compromise 67

PYMNTS

JANUARY 10, 2019

According to German law, a transaction must provide info on price and characteristics or delivery details. Daniel Widmann, a technology law expert at Pinsent Masons, said in 2016 that this could cause trouble for the company. There are further special obligations regarding consumers in electronic commerce,” he said.

Laws 57

Laws Consumer Consumer Protection Rules 57

PYMNTS

MARCH 25, 2020

And where business relationships, based on contracts, are concerned, legal (and financial) liabilities tied to disruption, to cancellations, to a grinding halt of everyday life are perhaps murky at this point. And what about the contracts themselves? Various studies have looked at the mounting toll of the health crisis. On The Other Side.

Legal 65

Legal Laws Disputes Authorization 65

EBizCharge

NOVEMBER 12, 2024

While starting a new business is an exhilarating journey, it comes with numerous responsibilities, including acquiring a business license to legally sell products or services. A business license is an official government-issued permit that authorizes individuals or companies to conduct business within the government’s jurisdiction.

Legal 52

Legal Regulations IRS Compliance 52

Segpay

OCTOBER 22, 2024

Privacy-Friendly Cryptographic Security in Compliance with the Law Resistance to traditional ID-based age verification is growing. Concerns about unauthorized access, potential misuse, or even government surveillance are widespread, especially in regions with weaker privacy laws or a history of overreach.

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Verification Blockchain Privacy Encryption 82

PYMNTS

OCTOBER 17, 2016

It’s one thing if there’s a warrant, it’s another if authorities also have the paperwork to use biometric information to unlock smartphones. And, it’s something that has never happened before, and legal defense experts are already sounding off. That’s what happened in Lancaster, California, in May of this year. Signed by U.S.

Authorization 72

Authorization Law Enforcement Encryption Government 72