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.

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Regulations Rules Blocks Legal 125

PYMNTS

DECEMBER 22, 2019

active users and roughly 88,000 driver partners in Columbia, violated market rules. Other Uber services such as food-delivery service Uber Eats were not prohibited by the ruling, Andres Barreto González, SIC head, confirmed. The country’s Superintendency of Industry and Commerce (SIC) said Uber, with 2.3

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Blocks Legal Rules Laws 54

PYMNTS

APRIL 8, 2019

Stores that are just barely holding on during a massive economic expansion, he noted, won’t have a bright future should the economy turn down, which means paring down the staff is more likely to be the rule rather than the exception. Many of those losses are due to store closures.

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Blocks Economy Shutdown Automation 59

PYMNTS

JANUARY 7, 2021

In today’s top news in digital-first banking, California FinTech Green Dot is rolling out the GO2bank mobile banking to help cash-strapped individuals, while stimulus checks are reportedly posing challenges for some users of H&R Block and TurboTax. Stimulus Checks Pose Issues For H&R Block, TurboTax .

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Blocks Checks IRS FDIC 56

PYMNTS

DECEMBER 22, 2020

In the ruling, the SEC wrote that forces other than the involvement of investment bankers are sufficient to protect investors buying shares issued in IPOs, according to FT. I support the approval of the exchange’s proposed rule change.". Commissioner Elad L.

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Underwriting Rules Blocks Innovation 114

PYMNTS

SEPTEMBER 13, 2020

As a result, they threatened to block it, and the project has been on hold. We’re waiting for the Commission to issue very strong and very clear rules to avoid the misuse of cryptocurrencies for terrorist activities or for money laundering,” French Finance Minister Bruno Le Maire said.

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Central Bank Cryptocurrency Regulations Stablecoins 145

Payments Source

JUNE 6, 2019

The agency's vote Thursday threatens to block many of the industry's communications with customers, though banks did win one concession.

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Rules Blocks Fraud Detection Consumer 67

PYMNTS

MARCH 1, 2020

The facial recognition app Clearview AI was banned from Apple ’s developer program after allegedly violating the iPhone maker’s rules, Buzzfeed News reported on Friday (Feb. Analysis by BuzzFeed News of Clearview AI’s app for Apple’s mobile operating system discovered that Clearview broke rules about the distribution of its apps.

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Law Enforcement AI Blocks Laws 60

PYMNTS

NOVEMBER 25, 2020

Digital assets are reportedly seen as commodities and ruled by securities law in the country following an order on the topic earlier in the fall. The Giving Block has reportedly locked down collaborations with more than 120 charities and 30 blockchain firms to lead the occasion.

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Bitcoin Blockchain Digital Currency Blocks 110

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.

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Disputes Blocks Rules Legal 90

PYMNTS

OCTOBER 24, 2018

Rules of thumb are useful — until they aren’t. Thumbs Down On Rules Of Thumb? For example, he pointed to the commonly held rule of thumb that some days — notably, the days that cluster around holidays and spikes in shopping activity — should see more fraudulent activity than others. To that end, Sift Science said Tuesday (Oct.

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Rules Account Takeovers Fraud Prevention Risk 63

PYMNTS

SEPTEMBER 8, 2020

With the boom of eCommerce both before and during the pandemic, European Union regulators are taking another look at antitrust rules regarding internet sales and distribution platforms. The European Commission, the EU’s arm for antitrust regulations, said in a press release that it will examine vertical block exemption regulations (VBER). “The

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Rules Regulations Blocks Addressing 52

Payments Source

DECEMBER 24, 2020

Visa is accepting card payments again on certain adult entertainment websites owned by Pornhub parent MindGeek, while continuing to block payments to Pornhub itself.

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Blocks Continuity Payments Payment Networks 118

Payments Source

JULY 19, 2019

Lawmakers from both parties strongly criticized Libra this week, but largely steered clear of proposals to stop it.

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Blocks Rules Privacy Finance 81

Fintech News

JUNE 12, 2024

To make multilateral payment platforms work well, there need to be clear rules and ways for different systems to work together. As multilateral platforms scale, the governance framework must evolve to keep up with changes in board participation, voting rules, regional representation, and economic models.

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Cross-Border Payments Cross-Border Interoperability Payments 116

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.

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Laws Law Enforcement Governance Government 121

PYMNTS

JANUARY 2, 2020

In today’s top payments news, JPMorgan blocks FinTechs from accessing customers’ passwords, and Ant Financial and Razer throw their hats into the ring for one of Singapore’s five available digital banking licenses. JPMorgan Ups Security By Blocking FinTechs From Passwords. JPMorgan Ups Security By Blocking FinTechs From Passwords.

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Blocks FinTech eWallet B2B 53

Fintech Review

JUNE 25, 2024

By embedding predefined rules and conditions into code, smart contracts ensure trust and eliminate the need for manual oversight. Each transaction, once verified, forms a ‘block’ that is linked cryptographically to the previous block, creating a ‘chain’ of blocks — hence the name blockchain.

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Blockchain Technology Innovation Cross-Border 95

PYMNTS

JULY 16, 2020

EU Ruling Limits Personal Data Transfer to US. The European Court of Justice has ruled that companies will face restrictions on storing information about European Union (EU) residents on U.S. The top court of the 28-nation bloc ruled the transfer of personal data to platforms in the U.S.

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Rules Payments Blocks Volume 59

PYMNTS

OCTOBER 26, 2018

But legal hurdles have caused some FinTechs to approach the charters cautiously, reports said, while they wait for greater clarity and certainty on the rules. .” The bank charters would allow FinTechs to operate on a national level rather than having to obtain state-level licenses one by one.

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Office of the Comptroller of the Currency OCC Regs Blocks 62

Payments Source

FEBRUARY 26, 2018

American Express claims its rules allow it to better compete against other major card networks. The complaining states view anti-card steering rules as a way to block other networks from offering lower fees, thus resulting in retailers raising prices for consumers.

Blocks 64

Blocks Rules Consumer Payments 64

PYMNTS

JUNE 25, 2020

It will be easier for New York cryptocurrency businesses to launch in New York, thanks to a plan by regulators that would ease licensing rules. DFS said it will provide a list of approved coins licensees can adopt. Once licensed by DFS, the program can support virtual currency firms.

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Cryptocurrency Regulations Agreements Blocks 96

PYMNTS

NOVEMBER 20, 2020

The Digital Services Act package would propose ex-ante rules covering large online platforms acting as gatekeepers, which now set the rules of the game for their users and their competitors. There reportedly could be a list of activities that banks would be required to curtail or eliminate.

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Legal Framework Rules Fed Regulations 104

The Fintech Times

MAY 9, 2024

With the VAAI Score, our clients now have access to real-time risk scoring that can help detect the likelihood of an enumeration attack so issuers can make more informed decisions on when to block a transaction. More than a thousand dedicated specialists protect Visa’s network from malware, zero-day attacks and insider threats 24x7x365.

AI 111

AI CVV2 Issuers Compromise 111

PYMNTS

DECEMBER 20, 2020

One reason Jiwei gave for the possible rule is that it would help avoid the amassing of too much bad debt by one entity. It was soon after that the government blocked the Ant Group IPO. The suggestion was made by Lou Jiwei, the country's former finance minister and now an advisor to the government, Reuters reported.

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FinTech Governance Government Caps 102

PYMNTS

NOVEMBER 30, 2020

In other news, China’s Jiangsu Yancheng Intermediate People’s court released the details of the crypto assets seized by police related to the PlusToken Ponzi scheme crackdown, The Block reported. billion, according to The Block, citing the court’s judgment, which came out on Nov. million people, The Block reported.

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Bitcoin Law Enforcement Blocks Cryptocurrency 67

PYMNTS

NOVEMBER 16, 2020

Group Seeks to Block Maryland Online Advertising Tax. The European Commission told Amazon of its “preliminary view that it has breached EU antitrust rules by distorting competition in online retail markets,” according to the statement. 10) statement from the European Commission.

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Blocks Federal Trade Commission FTC Accreditation 60

PYMNTS

MARCH 1, 2020

ET, and will be called “Building Blocks of Change: The Benefits of Blockchain Technology for Small Businesses.”. Secretary of the Treasury Steven Mnuchin said last month that the government would introduce new rules about crypto at the Financial Crimes Enforcement Network. The hearing is set for Wednesday, March 4 at 11:30 a.m.

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Blockchain Small Business Bitcoin Money Laundering 97

PYMNTS

JULY 2, 2020

WhatsApp will be allowed to operate its payments service in Brazil once the company formally seeks permission and shows it can operate in the country without putting customers’ data at risk or violating rules intended to preserve competition, the company’s chief central banker said Thursday, according to Reuters.

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Central Bank Payments Blocks Rules 93

PYMNTS

JUNE 12, 2019

I will note the potential for mischief if the purpose and effect of an acquisition is to block potential competitors, protect a monopoly, or otherwise harm competition.”. “Acquisitions of nascent competitors can be pro-competitive in certain instances and anti-competitive in others,” he said. “I

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Federal Trade Commission Rules FTC Blocks 55

PYMNTS

NOVEMBER 23, 2016

22) the rules could hurt online shopping and may not boost security. Visa went on to argue that eCommerce sales could decline in Europe if the EU rules were adopted because consumers would be put off by the new hurdles to make purchases online. as a way to cut down on fraud, which is on the rise online in Europe. “All

Cybersecurity 69

Cybersecurity Rules Payments NOV 69

PYMNTS

OCTOBER 19, 2016

Though fraud remains a significant burden and challenge to online businesses, which are liable for any payment fraud that takes place, Stripe said it looks to help merchants overcome the burden of time-consuming legacy fraud tools that can block many legitimate orders.

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Blocks Fraud Prevention Non-Bank Credit Cards 75

PYMNTS

JUNE 19, 2020

The coalition has said, too, that it is compliant with Financial Action Task Force mandates known as the “travel rule.” The rule governs how beneficiary and originator information is to be shared. The goal seems to advance crypto as a payment choice.

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P2P Bank Routing Number Payments ATM 106

PYMNTS

MARCH 27, 2020

While the advancement of open banking regulations may be seeing a small skip due to the spread of the coronavirus , many countries saw business and typical banking operations halted right after deciding upon new online privacy rules. It remains to be seen if COVID-19 will have any effect on future developments of this rule. Security

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Privacy CCPA Rules Regulations 79

PYMNTS

SEPTEMBER 7, 2020

District Court Judge Yvonne Gonzalez Rogers for the Northern District of California ruled Apple can’t block the game maker from accessing Unreal Engine tools, a popular game engine developed by Epic that is used to build 3-D games on Apple platforms. “Apple has driven a stake in the ‘Fortnite’ community,” Epic said in its filing.

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Rules Blocks Privacy Continuity 78

PYMNTS

JULY 7, 2019

Are new bitcoin rules coming? Even so, “regulation remains a stumbling block to cryptocurrency’s wider adoption,” the report continued. It is part of a broader push to boost the nascent cryptocurrency industry.” Not only that, but the newspaper said the U.S.

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Regulations Legal Framework Cryptocurrency Bitcoin 82

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.

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Visa ATM Consumer Legal 66