PYMNTS

AUGUST 28, 2020

Epic emailed its Fortnite players that the iOS and Mac versions of the game are blocked from receiving updates. 28) arguing that Epic violated Apple’s rules. Epic Games and Apple are at liberty to litigate against each other, but their dispute should not create havoc to bystanders,” Rogers wrote in a ruling. This week, U.S.

Disputes 90

Disputes Blocks Rules Legal 90

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

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

PYMNTS

JULY 11, 2017

The Consumer Financial Protection Bureau (CFPB) has handed down a controversial ruling stating companies cannot opt to use arbitration clauses in their contracts with consumers in a manner that keeps consumers from joining class action lawsuits. The rule begins applying to agreements and contracts 180 days later.

CFPB 40

CFPB Rules Consumer Financial Protection Bureau (CFPB) Credit Cards 40

PYMNTS

APRIL 1, 2020

Washington State Governor Jay Inslee signed a bill on Tuesday (March 31) establishing specific rules – backed by Microsoft – governing facial recognition software, according to a blog by Bill Smith, president of Microsoft. 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

PYMNTS

MAY 5, 2016

Later this morning the CFPB will begin taking comments on proposed rules that would ban financial firms from placing mandatory arbitration clauses within consumer contracts. Many banks and financial companies avoid accountability by putting arbitration clauses in their contracts that block groups of their customers from suing them.

CFPB 40

CFPB Rules Credit Cards Disputes 40

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

JULY 7, 2019

Are new bitcoin rules coming? 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. The move comes as U.S.

Regulations 82

Regulations Legal Framework Cryptocurrency Bitcoin 82

PYMNTS

OCTOBER 11, 2020

Large platforms on the list will have to deal with the tougher regulations as opposed to smaller companies, such as new rules forcing them to share data and offer transparency on how they gather information, sources told FT. headquarters in Silicon Valley.

Regulations 125

Regulations Rules Blocks Legal 125

PYMNTS

SEPTEMBER 13, 2020

Epic asked the Northern California District court to stop Apple from blocking the game. Epic Games and Apple are at liberty to litigate against each other, but their dispute should not create havoc to bystanders,” Rogers wrote in a ruling. Apple fought back. In advance of a hearing set for later this month, U.S. On Thursday (Sept.

Blocks 63

Blocks Disputes Legal Rules 63

PYMNTS

NOVEMBER 21, 2016

According to a report by Fortune , last week, the Supreme Court ruled the class-action lawsuit can move forward. 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, Mastercard and banks in the U.S.

Visa 66

Visa ATM Consumer Legal 66

Seon

JULY 10, 2024

Analysis : Advanced algorithms and machine learning models analyze collected data and compare it against predefined rules, historical patterns, and known fraud indicators. It uses predefined rules and thresholds , such as sudden large transactions, frequent small transactions or transactions to high-risk regions.

Transactions 52

Transactions Fraud Prevention Regulatory Compliance Payments 52

Fintech News

JULY 24, 2024

There are no exhaustive or proper regulations of repurchase activities, hence RBI may see it as a circumvention of the FLDG rule. Operating under the FLDG rule is risky in itself because it does not allow fintechs to work with the segments that they are primarily targeting. Once it reaches this limit, it has to get a license to lend.

Non-Bank 107

Non-Bank Risk Regulations FinTech 107

PYMNTS

JULY 7, 2019

Are new bitcoin rules coming? 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. The move comes as U.S.

Regulations 51

Regulations Legal Framework Cryptocurrency Bitcoin 51

PYMNTS

SEPTEMBER 9, 2020

28, which it did, arguing that Epic violated Apple’s rules. Apple’s removal of Fortnite is yet another example of Apple flexing its enormous power in order to impose unreasonable restraints and unlawfully maintain its 100 percent monopoly over the iOS In-App Payment Processing Market,” Epic Games wrote in the legal filing.

Rules 63

Rules Blocks Legal Process 63

Seon

APRIL 11, 2024

Both departments are crucial in identifying and mitigating fraud and reducing risk, including financial, operational, legal and reputational hazards. Moving in the other direction, fraud teams can leverage traditional AML information to create more robust and refined risk rulings.

Fraud Prevention 52

Fraud Prevention AML Money Laundering Financial Crimes 52

PYMNTS

SEPTEMBER 9, 2020

28, which it did, arguing that Epic violated Apple’s rules. Apple’s removal of Fortnite is yet another example of Apple flexing its enormous power in order to impose unreasonable restraints and unlawfully maintain its 100 percent monopoly over the iOS In-App Payment Processing Market,” Epic Games wrote in the legal filing.

Rules 56

Rules Blocks Legal Process 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

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

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

APRIL 30, 2019

The document illustrates how little action was taken to respond to the warnings, a move that the EBA says is a breach of EU rules. Earlier in the month, EU’s national banking supervisors, who oversee the EBA, did not agree with the proposal on the breach of rules and blocked any further action against Danish and Estonian regulators.

Money Laundering 51

Money Laundering Central Bank Breach Rules 51

PYMNTS

MARCH 3, 2020

Several legal experts have said that TurboTax’s deal to buy personal finance site Credit Karma for $7.1 Some have pointed to a similar attempt by H&R Block, when it tried to purchase another do-it-yourself tax software company in 2011 but was blocked by regulators. Intuit Bid For Credit Karma Triggers Antitrust Worries.

Consumer Financial Protection Bureau (CFPB) 52

Consumer Financial Protection Bureau (CFPB) CFPB Blocks Cryptocurrency 52

PYMNTS

APRIL 16, 2019

got approval to move forward after a court reversed a ruling by the Competition Appeal Tribunal. 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. A consumer lawsuit against Mastercard in the U.K.

Visa 59

Visa Cross-Border Payments Cross-Border Rules 59

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.    The key is respecting the website's rules. How to scrape data from a website to Excel?

Automation 59

Automation Use Case Database Legal 59

PYMNTS

MARCH 25, 2019

million (40 million euros) for blocking cross-border sales in Europe. Vestager said in a press release at the time, “GUESS’ distribution agreements tried to prevent EU consumers from shopping in other Member States by blocking retailers from advertising and selling cross-border.” based retailer GUESS $45.3

Cross-Border 40

Cross-Border Blocks Agreements Legal 40

PYMNTS

FEBRUARY 21, 2019

It looks like the deal to merge Sainsbury’s with Walmart-owned Asda could be in fatal trouble — after a ruling by the Competition and Markets Authority on a deal that would have created the U.K.’s Some consumer groups have thus lauded the ruling as protecting consumers right to a diverse array of goods. billion) deal.

Rules 46

Rules Blocks Legal Regulations 46

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

OCTOBER 14, 2016

Emin Gün Sirer from Cornell made a pertinent statement on the final day of the Scaling Bitcoin conference: “We were all busy arguing about the block size, but everything else is crucial.” ” For many, block size is no longer the way to increase the network’s capacity. Let’s talk about throughput.

Bitcoin 77

Bitcoin Blocks Central Bank Digital Currency 77

Exact Payments

JANUARY 4, 2024

Firewalls act as a virtual barrier between your trusted business network and untrusted networks like the internet, constantly monitoring and regulating the flow of traffic based on predefined security rules. Make sure to destroy any media that is no longer required for business or legal purposes. Protect stored cardholder data.

PCI DSS 52

PCI DSS Compliance Audit Encryption 52

FICO

DECEMBER 12, 2017

The TCPA reform effort is expected to commence after the United States Court of Appeals for the District of Columbia rules on the challenge (led by ACA International - the Association of Credit and Collection Professionals - and others) to the FCC’s July 2015 Declaratory Ruling and Order. And yet we continue to wait.

Database 45

Database Blocks Rules Addressing 45

PYMNTS

APRIL 12, 2017

According to Bitfinex, this effectively blocks stateside customers from selling virtual currency holdings. Tether, which allows users to make payments with a digital token worth $1, also alleges that it had wire transfers frozen by Wells Fargo.

Wire Transfer 40

Wire Transfer Bitcoin Federal Reserve Digital Currency 40

PYMNTS

OCTOBER 7, 2019

And, they said, no clear rules exist for how to make their platforms properly accessible.”. For instance, Google has announced the launch of Action Blocks , a new tool that allows people with cognitive disabilities to build Google Assistant commands. Rise in Cases. More Services for Disabled People.

Online and Mobile Banking 55

Online and Mobile Banking Blocks Innovation Legal 55

Global Fintech & Digital Assets

OCTOBER 31, 2023

Issuing a digital asset does not in itself require licensure, unless such asset is redeemable for legal tender, bank credit, or another digital asset. Issuers of stablecoins would therefore need to be licensed unless they block California residents, but not issuers of utility tokens or creators of tokenized real-world assets.

Laws 52

Laws Stablecoins Issuers Legal 52

Neopay

AUGUST 7, 2024

Compliance can be seen by business development teams as something that blocks growth and revenue generation, and at times this can cause sales teams to try to find work arounds or put increased pressure on compliance teams to weaken their controls. Colleagues don’t try to avoid asking for their input but actively seek their advice.

Compliance 52

Compliance AML Procedures Risk 52

Nanonets

JULY 10, 2024

An example of key-value pair extraction KVPs are the building blocks of many data structures and databases. Legal document analysis: Law firms deal with mountains of documents daily. Template dependence : Traditional methods often require predefined templates or rules for different document types.

Database 96

Database Process Use Case Correspondent 96

PYMNTS

SEPTEMBER 8, 2020

In fact, Epic has gotten so good at persuading consumers to make in-app purchases that the company has recently found itself in a big legal battle with Apple and Google. Apple and Google both ruled the move a violation of app store guidelines, which prompted blocking Epic from both online stores.

Microtransactions 69

Microtransactions Legal Blocks Innovation 69