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

The Paypers

JULY 20, 2023

Russia ’s Federation Council has recently passed a bill that grants legal authority to the country’s central bank digital currency (CBDC).

CBDC 28

CBDC Legal Authorization Digital Currency 28

The Fintech Times

SEPTEMBER 25, 2024

The Hong Kong Monetary Authority (HKMA) has launched the second phase of its initiative to explore digital money, expanding its focus from just a central bank digital currency (e-HKD) to also include tokenised deposits.

Authorization 58

Authorization Digital Currency Use Case Settlement 58

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?

Rules 88

Rules Payments Institute Authorization Reconciliation 88

VISTA InfoSec

OCTOBER 21, 2024

A data protection officer role is to act as a bridge between organizations, its employee, and the regulatory authorities ensuring that the handling of personal data is safe, lawful and in line with regulations like GDPR (General Data Protection Regulation). Key Responsibilities of a Data Protection Officer 1.Monitoring

CCPA 130

CCPA Privacy Laws Data Breach 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.

Legal 52

Legal Laws AI Procedures 52

Payments Source

MARCH 11, 2021

went after Visa and Mastercard during an antitrust hearing Thursday in Washington, suggesting the card brands have likely been looking for a way to increase fees and offset previous legal or regulatory pressure on their pricing structures. Dick Durbin, D-Ill.,

Authorization 158

Authorization Legal Visa Compliance 158

The Paypers

JANUARY 9, 2023

The Israel Securities Authority (ISA) has released a draft proposal in order to define the legal status of cryptocurrencies in the country.

Authorization 36

Authorization Security Regulations Legal 36

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. This is the first time a company is being legally called out for violating the 2018 data privacy mandate.

Privacy 61

Privacy Legal Disputes Laws 61

PYMNTS

DECEMBER 9, 2020

French ski resorts are mounting a legal challenge against the government’s order to keep ski lifts closed at resorts this holiday season. French authorities have indicated they would like to open the lifts in January if they can keep the infection rate in check.

Legal 94

Legal Authorization Economy Checks 94

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. Such needs make payment speed a low priority for legal firms, even though consumers involved in court cases are often frustrated and confused about how to receive their settlements.

Legal 52

Legal Instant Payments Checks Settlement 52

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

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

VISTA InfoSec

OCTOBER 21, 2024

Working closely with the supervisory authority on processing-related matters. Relevant Skills of a Qualified DPO Deep understanding of Data Protection Laws, such as GDPR, CCPA, and others to ensure compliance with legal requirements. Providing advice on and monitoring the performance of impact assessments related to data protection.

CCPA 130

CCPA Privacy Assessments Laws 130

PYMNTS

JUNE 11, 2020

Digital Innovation, Legal implementation. The trouble is that RON services have not been legal in the country until recently. Virginia became the first state to legalize RON services in 2012, but most other state governments did not follow suit until the pandemic made in-person notary services impossible. Pennsylvania Gov.

AML 74

AML Legal Compliance Verification 74

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

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

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

Neopay

OCTOBER 23, 2024

The European Banking Authority (EBA) has published its final Guidelines on the orderly redemption of token holders in case of crisis of the issuer. Legal basis and next steps The Guidelines on redemption plans have been developed according to Article 47(5) of MiCAR.

Regulations 52

Regulations Issuers Authorization Addressing 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. The AEPD reduced the initial fine of €3,150,000 due to voluntary payment.

Privacy 130

Privacy Compliance Legal Best Practices 130

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? On The Other Side.

Legal 65

Legal Laws Disputes Authorization 65

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

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

PYMNTS

SEPTEMBER 17, 2018

The suit is one alleging that the OCC does not have the authority to provide such licenses under the FinTech charter that has been proposed. The Conference had issued a legal challenge earlier this year, now since abandoned. The agency will vigorously defend that authority, but will not comment on pending or potential litigation.”.

OCC 72

OCC Legal Office of the Comptroller of the Currency FinTech 72

PYMNTS

MAY 22, 2017

Recode reports that the beleaguered ride-hailing firm has moved Salle Yoo, who had been serving as general counsel, from that spot and brought her into a new role as chief legal officer. Uber may be operating, at least for now, without a general counsel and may be looking for someone to fill that role.

Legal 40

Legal Authorization Technology 40

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. .

Legal 52

Legal Blockchain Regulations Bitcoin 52

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. The government is also planning outreach to those impacted, emphasising the availability of legal recourse within Singapore’s framework.

Authorization 105

Authorization Laws Business Day Compliance 105

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

Fintech News

OCTOBER 17, 2024

Project Aperta is a collaboration between the BIS Innovation Hub Hong Kong Centre, the central banks of the UAE, Brazil, and Hong Kong, the UK’s Financial Conduct Authority, the Global Legal Entity Identifier Foundation, the International Chamber of Commerce Digital Standards Initiative, and the Hong Kong University Standard Chartered Foundation Fintech (..)

Cross-Border 112

Cross-Border Finance Security Interoperability 112

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. While this is going on, authorities can focus on regulations that directly improve competitiveness, reduce limitations, and increase innovation.

Compliance 88

Compliance Innovation Regulations Payments 88

PYMNTS

JUNE 23, 2019

The European Banking Authority ( EBA ) published an opinion on strong customer authentication ( SCA ) under the revised Payment Services Directive ( PSD2 ), acknowledging that implementing the new standards might be difficult for some merchants.

Authorization 49

Authorization Rules Authentication Compliance 49

PYMNTS

OCTOBER 24, 2019

This might be thought of as the second legal blow to the OCC’s special charter bid. Back then, the New York State Department of Financial Services had argued, through a lawsuit, that the OCC had overstepped its authority with the special purpose charter. Might the Supreme Court, eventually, be the ultimate arbiter of this debate?

Legal 40

Legal Office of the Comptroller of the Currency OCC FinTech 40

PYMNTS

SEPTEMBER 18, 2018

The nation is forming a Direct FAST industry group, where the members will include traditional financial institutions (FIs), FinTech firms and the Monetary Authority of Singapore (MAS). 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

Neopay

JULY 18, 2024

The European Banking Authority (EBA) issued new Guidelines on the so-called ‘travel rule’, i.e. the information that should accompany transfers of funds and certain crypto assets. This rule will help tackle the abuse of such transfers for money laundering and terrorist financing purposes.

Travel Rule 52

Travel Rule Money Laundering Rules Finance 52

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.

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Compliance Privacy Processors Legal 130

Neopay

JULY 18, 2024

Source : European Banking Authority The post ESAs consult on Guidelines under the Markets in Crypto-Assets Regulation appeared first on Neopay. The dial-in details will be communicated in due course to those who have registered for the meeting. The Regulation also establishes a framework for crypto-asset service provision.

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Consulting Regulations Legal Authorization 52

Fintech News

MARCH 18, 2024

According to the lender’s legal representative, this form of insurance, which covered merely 10% of the total funds, falls short of the protections promised by the platform. In response to these allegations, Modal Rakyat had reportedly pledged to respect the legal process and work towards resolving the dispute.

P2P 101

P2P Disputes Legal Underwriting 101