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.

Legal 63

Legal Disputes Rules Blocks 63

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.

Legal 40

Legal Office of the Comptroller of the Currency OCC FinTech 40

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.

Law Enforcement 60

Law Enforcement AI Blocks Laws 60

Payments Source

AUGUST 17, 2017

Payment processors and banks are being called on to cut off funds to white supremacist groups, but there are practical and legal limits to what firms can do.

Blocks 60

Blocks Processors Legal Payments 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.

Office of the Comptroller of the Currency 62

Office of the Comptroller of the Currency OCC Regs Blocks 62

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.

Laws 40

Laws Legal Continuity Blocks 40

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 110

Cross-Border Payments Cross-Border Interoperability Payments 110

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.

Blocks 98

Blocks Returns API Process 98

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.

Breach 64

Breach Legal Blocks NOV 64

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.

Disputes 90

Disputes Blocks Rules Legal 90

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.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

Nanonets

OCTOBER 8, 2024

They were set up with OCR capabilities designed to process industry specific documents such as invoices, bank statements or legal documents and have expanded into end-to-end workflow automation engines.  We included a few challenging documents as well, such as a badly scanned receipt with noise or creases or a handwritten legal document.

API 52

API Multi-Currency Legal AI 52

Fintech Finance

MARCH 22, 2024

This surge in Payment Frauds due to digital transactions poses a significant threat to security, causing critical issues for businesses such as direct revenue loss, bank account debit freeze, working capital blockages, operational complexities, legal expenses, and the looming threat of account termination due to high chargebacks.

PCI DSS 52

PCI DSS Payment APIs and Integration Risk Management Payments 52

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.

Law Enforcement 64

Law Enforcement Laws Stablecoins Addressing 64

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.

Blocks 43

Blocks Acquirers Continuity Consumer 43

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 82

Regulations Legal Framework Cryptocurrency Bitcoin 82

Nanonets

NOVEMBER 14, 2023

This approach often succeeds because recipients, perceiving the email as originating from a trusted source like a colleague or legal representative, may unwittingly comply without suspicion. Attorney Impersonation: BEC scammers, posing as attorneys or legal representatives, send emails claiming urgent legal matters requiring immediate action.

Email Compromise 52

Email Compromise Business Email Compromise Compromise Phishing 52

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.

Laws 121

Laws Law Enforcement Government Governance 121

Finovate

JUNE 13, 2024

Because Pinwheel is a Consumer Reporting Agency (CRA), financial institutions can legally use the income and employment data for credit decisioning. With more than $77 million in funding, the company counts Block, Citizens Bank, Acorns, Credit Karma , and others among its clients. Pinwheel helps third party apps connect to over 1.5

Direct Deposit 59

Direct Deposit Payroll Credit Union Underwriting 59

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

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

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

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.

Returns 108

Returns Push-to-Card Disputes Blocks 108

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

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.

AI 115

AI Use Case Risk Deepfake 115

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

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

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

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.

Visa 66

Visa ATM Consumer Legal 66

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.

Bitcoin 56

Bitcoin ATM Money Laundering Blocks 56

PYMNTS

DECEMBER 5, 2019

No global stablecoin arrangement should begin operation in the European Union until the legal, regulatory and oversight challenges and risks have been adequately identified and addressed,” the ministers said in a joint statement. The finance ministers also emphasized the need for legal clarity regarding any cryptocurrency arrangements.

Digital Currency 52

Digital Currency Stablecoins Finance Central Bank 52

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.

Bitcoin 55

Bitcoin Regulations Cryptocurrency Blocks 55

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.

Cryptocurrency 75

Cryptocurrency Office of the Comptroller of the Currency Regs OCC 75

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

Nanonets

MAY 20, 2024

Legal and compliance. Is web scraping legal? While web scraping itself isn't illegal, especially for publicly available data on a website, it's important to tread carefully to avoid legal and ethical issues.  By following these guidelines, you can ensure your web scraping activities are both legal and ethical.

Automation 59

Automation Use Case Database Legal 59

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.

Legal 71

Legal Laws Blocks Bitcoin 71

Segpay

DECEMBER 14, 2023

Due to the controversial nature of the content and the legal ambiguities surrounding it, many traditional banks and payment processors are hesitant to provide services to adult content businesses. Data breaches and the exposure of user information can have severe financial consequences, including legal liabilities and loss of consumer trust.

Cryptocurrency 52

Cryptocurrency Privacy Bitcoin Blockchain 52