PYMNTS

MARCH 1, 2020

The startup reportedly took advantage of its developer account so it could distribute its software to law enforcement customers and others. . The company is also looking at additional lawsuits and legal challenges from privacy advocates, CNET reported. Clearview provides its service to law enforcement and security professionals.

Law Enforcement 60

Law Enforcement AI Blocks Laws 60

PYMNTS

OCTOBER 26, 2018

More legal troubles have emerged for the Office of the Comptroller of the Currency (OCC) over its plan to introduce national bank charters for FinTechs, aimed at making it easier for alternative financial services players to do business. Reports in Reuters on Thursday (Oct. The body of U.S.

Office of the Comptroller of the Currency 62

Office of the Comptroller of the Currency OCC Regs Blocks 62

Fintech News

JUNE 12, 2024

Building upon this achievement, ongoing efforts are underway with five countries – Indonesia, Malaysia, the Philippines, Singapore, and Thailand – in 2023 to establish the necessary building blocks for a future production-ready multilateral platform based on the Project Nexus blueprint.

Cross-Border Payments 116

Cross-Border Payments Cross-Border Interoperability Payments 116

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

PYMNTS

FEBRUARY 10, 2020

Although the law has only been in effect since Jan.1, The California law is more specific and more punitive for breaches. Under the law, consumers have the right to know what personal information companies are collecting about them, along with the right to block sale of that information and access to it if it has been collected.

CCPA 62

CCPA Laws Privacy Data Breach 62

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

PYMNTS

JUNE 14, 2017

Potcoin , the digital cryptocurrency similar to bitcoin but aimed at the legal marijuana market, got much-needed publicity by sponsoring Dennis Rodman’s trip to North Korea. The rule would serve as an extension of an Obama-era policy that gave banks guidance on working with cannabis-related businesses and staying within the law.

Legal 71

Legal Laws Blocks Bitcoin 71

PYMNTS

FEBRUARY 19, 2019

Since last year, when Canada legalized recreational pot in full, the nation became a kind of country-sized lab for how that new business would play out. Still, even after all these months, and even with legalization done at a federal scale (as opposed to province by province), the cannabis payments process has hardly hit a full stride.

Legal 71

Legal Payments Push-to-Card Law Enforcement 71

PYMNTS

SEPTEMBER 15, 2016

Japan’s government is pointing the finger at Apple and Google, alleging that the two tech giants are violating the country’s anti-monopoly law. Both potentially defy Japanese law. And should the competition regulator decide that these activities are illegal, “firm legal measures” should be taken in response.

Governance 62

Governance Government Laws Blocks 62

PYMNTS

NOVEMBER 21, 2016

are facing a class-action lawsuit by consumers that allege they colluded to raise the cost of ATM access fees in what they say is a violation of antitrust law. The court ruled a district court was wrong when coming to the determination that consumers had no legal standing for a lawsuit and that it hadn’t showed antitrust violations.

Visa 66

Visa ATM Consumer Legal 66

PYMNTS

FEBRUARY 10, 2020

Although the law has only been in effect since Jan.1, The California law is more specific and more punitive for breaches. Under the law, consumers have the right to know what personal information companies are collecting about them, along with the right to block sale of that information and access to it if it has been collected.

CCPA 52

CCPA Laws Privacy Data Breach 52

PYMNTS

JUNE 19, 2017

But those regulations may be doing more harm than good, since they’re also keeping vigilante security consultants from doing business to protect their law-abiding clients from those same cybercriminals. Coinbase, an exchange for buying and selling cryptocurrency, caught wind of Troia’s methods and inquired whether he had U.S.

Regulations 75

Regulations Bitcoin Money Laundering FBI 75

PYMNTS

OCTOBER 8, 2018

In addition, the seller who received the email addresses was blocked from selling on Amazon. The individual responsible for this incident has been terminated from their position, and we are supporting law enforcement in their prosecution,” an Amazon spokeswoman said in a statement.

Addressing 77

Addressing Law Enforcement SWIFT Blocks 77

PYMNTS

OCTOBER 24, 2019

Nearly four years on, little progress has been made — and now there’s a significant stumbling block. Regulation, Law and Going Forward. This might be thought of as the second legal blow to the OCC’s special charter bid. dismissed a CSBS suit to block the OCC from issuing the charters.

Legal 40

Legal Office of the Comptroller of the Currency OCC FinTech 40

PYMNTS

JUNE 29, 2020

The lawsuit goes back to October 2017, when Boston law firm Block & Leviton said it was looking into securities fraud by the Tezos ICO. Block & Leviton, which specializes in securities cases, sued the firm, and it wasn’t the only entity to do so — cases were filed in California and Florida courts around the same time.

Settlement 67

Settlement Blockchain Security Audit 67

PYMNTS

APRIL 10, 2020

The initial barrier blocking mobile payout adoption in the insurance world was simple: The technology to support such disbursements for many claims did not yet exist. The challenge is thus not figuring out if mobile disbursements are possible, but how they can be made, given insurers’ legal and compliance issues.

Technology 79

Technology Legal Checks B2C 79

PYMNTS

SEPTEMBER 18, 2020

In its battle against President Donald Trump’s intentions to block its app domestically, TikTok is requesting the help of rival Facebook Inc., This is a moment to put aside our competition and focus on core principles like freedom of expression and due process of law.”. Bloomberg reported. Mosseri wrote in a Friday (Sept.

Blocks 67

Blocks Laws Governance Government 67

PYMNTS

MARCH 2, 2020

Several legal experts have said the agreement raises serious antitrust concerns. Some have pointed to a similar attempt by H&R Block in 2011, when it tried to purchase another DIY tax software company. Regulators blocked the deal from going through. It shares about 80 percent of the market with H&R Block.

Blocks 52

Blocks Laws Breach Credit Cards 52

The Payments Association

DECEMBER 16, 2024

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. Jurisdiction Risks Operating in multiple jurisdictions introduces regulatory risks.

International Payments 88

International Payments Risk Payments Strategy Multi-Currency 88

FICO

JUNE 18, 2018

Banks are identifying, categorising and provisioning NPL more rigorously, and working on standardising and improving work-out, legal enforcement and underwriting processes. You can analyse the European landscape by dividing the countries into 3 blocks. Block 1 — Countries with NPL ratios > 20%. NPL Divides Europe.

Blocks 63

Blocks Non-Bank Risk Volume 63

PYMNTS

APRIL 18, 2018

Russia is making good on its threat to ban Telegram by blocking IP addresses owned by Google and Amazon, saying they were being used by the messaging service. On Monday (April 16), a Russian court made it easier for the government to block Telegram after its creators refused to turn over access to its users’ encrypted messages.

Blocks 43

Blocks Encryption Authorization Addressing 43

PYMNTS

OCTOBER 14, 2020

It is not, incidentally, an argument they are alone in making against the California law, which has drawn wide criticism since it was signed into law in 2019 for what critics cite as inconsistency, confusing elements and ill-disguised purpose. It’s clear that AB 5 is essentially an assault on app-based, on-demand tech companies.

Laws 83

Laws Economy Rules On-Demand 83

Fintech News

JULY 24, 2024

As a result, companies use schemes to circumvent the 5% threshold, which the regulator considers a violation of the law and orders them to change the model. It can take 5-6 legal entities that have other businesses and start lending using their balance sheets. Any company without an NBFC licence can lend up to 50% of its assets.

Non-Bank 111

Non-Bank Risk Regulations FinTech 111

PYMNTS

MAY 5, 2016

Said clauses ban consumers from seeking redress for potential issues in a court of law, in favor of disputes between consumers and various firms (credit card companies, banks and other FI) through legally binding arbitration. Arbitration also prevented groups of allegedly wrong consumers from forming class action suits.

CFPB 40

CFPB Rules Credit Cards Disputes 40

PYMNTS

APRIL 16, 2019

Court of Appeal rejected the tribunal’s ruling from 2017, which had blocked the claimants from pursuing the case led by Walter Merricks, the former financial ombudsman. Under that rule, consumers are allowed to sue for collective damages on behalf of people harmed under the competition laws, the report noted.

Visa 59

Visa Cross-Border Payments Cross-Border Rules 59

PYMNTS

DECEMBER 10, 2018

A spokeswoman for the eCommerce giant told the paper that the company is aggressively going after those who try to hurt sellers on its platform, relying on machine learning to block the behavior when Amazon is made privy to it. “If The crackdown hasn’t stopped all sellers from going after rivals.

Law Enforcement 54

Law Enforcement Scams SWIFT Blocks 54

PYMNTS

SEPTEMBER 30, 2016

The Needham report delves into the problems of scalability facing the digital currency, suggesting that introducing second-layer technologies is preferable to implementing a hard fork to increase the block size. 13, and the legality of bitcoin in Russia became, once again, unclear.

Bitcoin 82

Bitcoin Digital Currency Online and Mobile Banking P2P 82

PYMNTS

AUGUST 28, 2019

Law enforcement has had difficulty tracking down the robbers, as well as their driver, so they asked Google to track down their phones. The technique would rely on the police to use the data to find the right suspects, and the court found it legal. The armed robbery, which took place on Oct.

Authorization 49

Authorization Law Enforcement Crime Blocks 49

PYMNTS

MAY 15, 2017

attorney and signals the judge’s displeasure with Uber in the trade secrets civil lawsuit,” said Carl Tobias Williams, chair in law at the University of Richmond School of Law, in the report. He noted that the investigation serves to compound the other legal problems for Uber.

Blocks 40

Blocks Laws Legal Technology 40

PYMNTS

MARCH 9, 2020

To that end, PayPal said last month that it would team with law enforcement agencies, academics and experts to track how payments are used to traffic firearms illegally through the United States. That’s easier said than done, perhaps, in the digital age, where money flows digitally, increasingly in real time.

PayPal 70

PayPal Financial Crimes Crime Law Enforcement 70

PYMNTS

OCTOBER 7, 2019

Attorneys for Domino’s, backed by a range of business groups, had argued that the ADA does not apply to online platforms that were not envisioned when the law was passed in 1990,” according to CNBC. Domino’s reportedly said it was disappointed with the decision and that it plans to keep fighting the case in lower courts. Rise in Cases.

Online and Mobile Banking 55

Online and Mobile Banking Blocks Innovation Legal 55

PYMNTS

SEPTEMBER 23, 2019

CUs are facing pressure on the regulatory side as well, with banking advocacy organizations like the American Bankers Association (ABA) pressuring federal regulators to block rule changes that would help CUs compete with large banks. can now provide financial services to legal hemp farmers and businesses.

Credit Union 63

Credit Union NCUA Online and Mobile Banking Underserved 63

PYMNTS

JULY 4, 2016

Spotify had sent the ‘anticompetitive’ accusation letter to Apple earlier last week, after Apple blocked an update to Spotify’s iOS app, allegedly to thwart any potential competition to its Apple Music service.

Rules 41

Rules Blocks Legal Laws 41

PYMNTS

NOVEMBER 23, 2017

Earlier this year, Japan recognized Bitcoin as a legal tender and signed off on several companies that created cryptocurrency trading exchanges. Japan’s stance on cryptocurrencies comes as China and South Korea have banned ICOs and China has taken steps to block cryptocurrency trading in its country. Russia, U.K.

Bitcoin 40

Bitcoin Digital Currency Cryptocurrency Blockchain 40

PYMNTS

NOVEMBER 18, 2019

Against that backdrop, considering the speed at which states are accepting online sports betting (and the strength of the dollars flowing into the space), legalized gambling via mobile seems a sure wager. Part of the impetus comes from the fact that sports betting is legal in 19 states, though mobile betting is only allowed in 13 of them.

Online and Mobile Banking 43

Online and Mobile Banking Governance Government Legal 43

PYMNTS

DECEMBER 21, 2020

“Like other companies, Facebook has had to make changes to respond to Brexit and will be transferring legal responsibilities and obligations for U.K. Big Tech Could Face Penalties Under Potential UK Law on Illicit Content. users from Facebook Ireland to Facebook Inc.,” Facebook’s U.K. division said, per Reuters. Potential new U.K.

Privacy 57

Privacy Agreements Federal Trade Commission Regs 57

FICO

DECEMBER 12, 2017

I have spoken to legal experts who have reviewed hundreds of DC Circuit cases and they all assert that the timing for a decision in the FCC 2015 Declaratory Ruling appeal is months overdue. phone companies) to block certain categories of “spoofed” calls that are highly likely to be unlawful. And yet we continue to wait.

Database 45

Database Blocks Rules Addressing 45