PYMNTS

JANUARY 15, 2021

Apple claimed Epic had violated its terms of service, and blocked the game from its app, though the company said it would re-admit the app if Epic removed the in-app payment update. There's set to be a court battle between the two around the summer of 2021, which could see drastic changes to the way the digital economy runs in the future.

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Legal Disputes Rules Blocks 63

PYMNTS

MARCH 5, 2019

According to the Associated Press , individuals were blocked from buying tickets 17.5 million times from purchasing train tickets, while 128 people were blocked from leaving the country because of unpaid taxes. million people to “voluntarily fulfill their legal obligations.”

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Blocks Legal Governance Government 43

PYMNTS

AUGUST 28, 2020

Epic emailed its Fortnite players that the iOS and Mac versions of the game are blocked from receiving updates. While a judge may not settle the dispute between Apple and Epic Games for months, the computer giant pulled the Fortnite maker’s games from the App Store on Friday (Aug. 28), 9to5Mac reported. This week, U.S.

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Disputes Blocks Rules Legal 90

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.

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Cross-Border Payments Cross-Border Interoperability Payments 116

PYMNTS

MARCH 1, 2020

The company is also looking at additional lawsuits and legal challenges from privacy advocates, CNET reported. Clearview AI said it has “accumulated a database of billions of photos” and has collaborated with worldwide organizations. . The Apple ban is a new problem for the facial recognition startup.

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Law Enforcement AI Blocks Laws 60

PYMNTS

APRIL 1, 2020

In our view, this required a legal floor of responsibility, governed by the rule of law,” Smith said. San Francisco is one of seven municipalities that have blocked the government’s use of the technology, citing privacy and bias. The bill also establishes a task force to scrutinize how, when and why the technology is used.

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Laws Law Enforcement Governance Government 121

PYMNTS

OCTOBER 2, 2019

Google has announced the launch of Action Blocks, a new tool that allows people with cognitive disabilities build Google Assistant commands. He went on to explain how a Googler named Lorenzo Caggioni used the Assistant to create a device called DIVA for his brother, who is legally blind, deaf and has Down Syndrome.

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Blocks Legal Research Process 40

PYMNTS

JULY 7, 2019

Congress “is considering at least three bills that would resolve some of the murky legal issues surrounding digital money.”. is falling behind: Japan and Switzerland have developed legal frameworks that have attracted cryptocurrency projects and investment. It is part of a broader push to boost the nascent cryptocurrency industry.”

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Regulations Legal Framework Cryptocurrency Bitcoin 82

Nanonets

JULY 18, 2023

(Source: Dev.to) Firstly, whenever a new or a scanned document is sent into Textract, it creates a list of block objects for all the detected text. For example, say an invoice consists of hundred words today, AWS makes hundred block objects for all the words. For more information on language and API support do check out the docs here.

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Blocks Returns API Process 98

PYMNTS

OCTOBER 24, 2019

Nearly four years on, little progress has been made — and now there’s a significant stumbling block. 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. Regulation, Law and Going Forward.

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Legal Office of the Comptroller of the Currency OCC FinTech 40

PYMNTS

NOVEMBER 1, 2020

Amazon , which is fuming over a decision by its India business partner Future Retail to sell assets to rising Amazon rival Reliance Industries , has asked India's top securities regulator to block the deal, Reuters reported. Securities regulators therefore should block the deal, Amazon reportedly argued in the letter.

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Breach Legal Blocks NOV 64

PYMNTS

AUGUST 14, 2020

Revlon is involved in a legal dispute with some of its lenders. Lenders who sued Revlon were surprised to learn Thursday (Aug. 13) they had been fully repaid on a loan issued in 2016, the sources said. Citi executives asked for the money back, saying it was paid inadvertently due to an operational error, sources said.

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Returns Push-to-Card Disputes Blocks 108

PYMNTS

JULY 9, 2020

In other news, the CENTRE Consortium froze cryptocurrency valued at $100,000 by blocking a USDC stablecoin address in response to an ask from the authorities, CoinDesk reported. CENTRE maintains the ability to block addresses if a possible security incident or other potential harm to the network exists, per a document cited by CoinDesk.

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Law Enforcement Laws Stablecoins Addressing 64

PYMNTS

NOVEMBER 21, 2016

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. The justices said the cases were dismissed due to the companies changing their legal arguments after they agreed to hear the case.

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Visa ATM Consumer Legal 66

PYMNTS

NOVEMBER 18, 2019

Legislation in California that aims to expand worker protections for so-called gig economy workers has led to a debate in the state’s freight services market and a lawsuit hoping to block the law. The CTA filed its lawsuit to block California’s law last week, the report said. “To Finance reported Monday (Nov.

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Laws Legal Continuity Blocks 40

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.

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Legal Payments Push-to-Card Law Enforcement 71

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 government would also not be allowed to give banks incentives to cut off the businesses.

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Legal Laws Blocks Bitcoin 71

Stax

JANUARY 15, 2024

Failure to comply with its policy frameworks can have severe consequences— legally and financially. In the following sections, we’ll delve into the legal framework, compliance standards, and best practices to navigate the complexities of surcharging. Swipe fees have doubled in a decade and increased by 20% since 2022.

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Credit Cards PCI DSS Compliance Process 88

PYMNTS

OCTOBER 26, 2018

State Bank Regs File Suit t o Block OCC’s Bank Charter. 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.

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Cryptocurrency Office of the Comptroller of the Currency Regs OCC 75

PYMNTS

OCTOBER 11, 2020

Facebook said earlier this year that it would block its services, along with those of sister company Instagram, to the EU over proposed rule changes that would prevent it from transferring data on EU users back to its U.S. headquarters in Silicon Valley.

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Regulations Rules Blocks Legal 125

PYMNTS

JUNE 19, 2017

When Troia could not even confirm whether such authorization existed, Coinbase suspended his account and blocked him from creating accounts in family members’ names to continue conducting business. Coinbase, an exchange for buying and selling cryptocurrency, caught wind of Troia’s methods and inquired whether he had U.S.

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Regulations Bitcoin Money Laundering FBI 75

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.

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Technology Legal Checks B2C 79

PYMNTS

OCTOBER 8, 2018

In addition, the seller who received the email addresses was blocked from selling on Amazon. We hold our employees to a high ethical standard and anyone in violation of our Code faces discipline, including termination and potential legal and criminal penalties,” said an Amazon spokeswoman at the time.

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Addressing Law Enforcement SWIFT Blocks 77

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.

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Settlement Blockchain Security Audit 67

PYMNTS

SEPTEMBER 15, 2016

And should the competition regulator decide that these activities are illegal, “firm legal measures” should be taken in response. tech companies, especially after the European Union put the laser on Google for allegedly using its Android system to block competitors. Anti-trust issues are becoming a touchy subject for U.S.

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Governance Government Laws Blocks 62

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.

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Blocks Non-Bank Risk Volume 63

PYMNTS

JUNE 11, 2019

Ten or more state attorneys general are reportedly gearing up to jointly file suit to block the $26 billion merger of Sprint and T-Mobile. Reuters , citing thee sources familiar with the matter, reported the attorney general of New York is leading the lawsuit. to three from four.

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Blocks Acquirers Continuity Consumer 43

Fintech News

JUNE 18, 2024

This introduces several legal and regulatory risks, including copyright or intellectual property issues, as well as privacy concerns. Another ethical concern outlined in the report is the potential of gen AI to produce convincing deepfake content, which can lead to misinformation.

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AI Use Case Risk Deepfake 120

PYMNTS

SEPTEMBER 13, 2020

Epic asked the Northern California District court to stop Apple from blocking the game. Apple fought back. In response, the tech giant filed a counter lawsuit against Epic accusing the software developer of greed and deceit in the fight over the iPhone maker’s App store.

Blocks 63

Blocks Disputes Legal Rules 63

Fintech Finance

DECEMBER 17, 2024

Core Issues in the Complaint Market Entry Barriers: Norwegian banks have coordinated to block access to direct debit payments, effectively excluding new entrants from competing with the monopoly of the established AvtaleGiro and e-faktura from payment giant Mastercard.

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Authorization Visa Payments Innovation 72

PYMNTS

NOVEMBER 20, 2020

The European Commission noted on its site that the legal framework for digital services has been unchanged in the region for about 20 years. The DSA and another act, known as the Digital Markets Act (DMA), in turn, would be unveiled in December, in part changing the way tech companies manage, and are liable for, content on their platforms.

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Legal Framework Rules Fed Regulations 104

PYMNTS

JULY 7, 2019

Congress “is considering at least three bills that would resolve some of the murky legal issues surrounding digital money.”. is falling behind: Japan and Switzerland have developed legal frameworks that have attracted cryptocurrency projects and investment. It is part of a broader push to boost the nascent cryptocurrency industry.”

Regulations 51

Regulations Legal Framework Cryptocurrency Bitcoin 51

PYMNTS

SEPTEMBER 17, 2019

All in, individuals were blocked from buying tickets 17.5 million times from purchasing train tickets, and 128 people were blocked from leaving the country because of unpaid taxes. Last year, millions of Chinese travelers were banned from buying airline tickets because of outstanding social credit offenses.

Governance 88

Governance Government Blocks Economy 88

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.

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International Payments Risk Payments Strategy Multi-Currency 88

PYMNTS

SEPTEMBER 20, 2019

Even if Facebook is blocked in China, people will use indirect ways to purchase it from abroad once Libra comes out,” he added. Mu does believe there is one scenario where countries would be able to block Libra: If the United States decides to ban it. “If bans Libra legally, then Libra will certainly be stopped,” he said.

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Bitcoin Regulations Cryptocurrency Blocks 55

FICO

JUNE 21, 2021

Auditable AI Can Help Prevent Legal Challenges. Legal costs, damaged reputations and customer dissatisfaction are just a few of the heavy costs of coming under AI advocacy groups’ scrutiny—and Auditable AI can help to prevent all of them. In my 2020 AI predictions blog I foresaw the rise of AI advocacy groups.

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Audit AI Governance Government 116

PYMNTS

NOVEMBER 26, 2019

29, and will block withdrawals from Friday to Dec. The decision was made to block the possibility of money laundering and inflow from external networks,” the firm said, adding that other crypto exchanges have dropped monero over the same concern. “The The crypto exchange will end deposits of XMR as of Nov.

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Bitcoin ATM Money Laundering Blocks 56