PYMNTS

JULY 27, 2018

The move to block the ETF came down to a 3-1 vote of sitting commissioners, with Commissioner Hester Peirce a dissenting vote. The SEC had blocked the ETF last year — the ruling was then appealed by CBOE’s Bats exchange , which wanted to list the ETF, reported Reuters.

Blocks 41

Blocks Bitcoin Laws Rules 41

FICO

JUNE 10, 2019

Last week the Federal Communications Commission (FCC) passed a new declaratory ruling aimed at addressing rising consumer complaints about robocalls. But the new FCC ruling, which authorizes phone companies to implement call-blocking services as a default, does not stipulate fraudulent or illegal calls.

Rules 40

Rules Blocks CFPB Authorization 40

PYMNTS

APRIL 25, 2019

With concerns that a merger between Asda and Sainsbury’s would raise prices for shoppers, the arrangement has been blocked by the competition watchdog in the United Kingdom. At the time, it was reported that the ruling was widely criticized by some as out of touch with the needs of the retail landscape. billion deal.

Blocks 40

Blocks Authorization Rules Regulations 40

PYMNTS

FEBRUARY 21, 2019

This week, the EU Parliament voted for new rules mandating that banks cut fees on cross-border euro payments for countries within and outside the Eurozone. As reported by parliament, the body voted by 532 in favor and 22 against (with 55 abstentions) to set the new cross-border rules in place by the end of the year.

Cross-Border 76

Cross-Border Cross-Border Payments Real Time Gross Settlement (RTGS) Rules 76

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.

Law Enforcement 60

Law Enforcement AI Blocks Laws 60

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.

Blocks 59

Blocks Economy Shutdown Automation 59

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.

Blockchain 95

Blockchain Technology Cross-Border Innovation 95

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 times last year for such offenses as unpaid taxes and fines.

Blocks 43

Blocks Legal Government Governance 43

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.

Blocks 53

Blocks FinTech B2B eWallet 53

PYMNTS

DECEMBER 18, 2020

“Cybercriminals are well aware that merchants are setting higher thresholds for blocking transactions, which is a major flaw of rules-based fraud prevention strategies.”. He said rules-based systems often fail to find high-dollar fraudulent transactions, but do often block legitimate transactions along the way.

Account Takeovers 133

Account Takeovers Fraud Prevention Blocks Rules 133

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.

Rules 67

Rules Blocks Fraud Detection Consumer 67

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.

Rules 59

Rules Payments Blocks Volume 59

The Paypers

JANUARY 26, 2024

The Consumer Financial Protection Bureau has proposed new rules to block FIs from adding fees on transactions declined right at the swipe, tap, or click.

Transactions 36

Transactions CFPB Blocks Rules 36

Fintech Finance

AUGUST 28, 2024

Businesses can use natural language prompts to describe new fraud rules they’d like to set, and the assistant will draft rules accordingly. The rules can then be tested against previous payments to see if they boost revenue and block fraud without increasing false positives.

Cross-Border 68

Cross-Border AI Payments Cross-Border Payments 68

Fintech Finance

MARCH 22, 2024

Additionally, merchants using Cashfree Payments’ orchestration platform FlowWise can seamlessly integrate RiskShield to block fraud transactions on multiple Payment aggregators. RiskShield provides such businesses with a comprehensive solution built on AI & ML algorithms and a rule engine to address these operational gaps.

PCI DSS 52

PCI DSS Payment APIs and Integration Risk Management Payments 52

PYMNTS

OCTOBER 10, 2017

EU antitrust authorities have launched an investigation into whether Dutch and Polish banking associations and their members are blocking FinTech companies from accessing customer account data. Companies found guilty of breaching EU antitrust rules face fines of up to 10 percent of their global turnover.

Blocks 40

Blocks FinTech Non-Bank Breach 40

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.

Cross-Border Payments 91

Cross-Border Payments Cross-Border Interoperability Payments 91

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.

Rules 63

Rules Account Takeovers Fraud Prevention Risk 63

PYMNTS

SEPTEMBER 27, 2017

If Facebook does not comply, the Russian government will block the social media website next year. Russians have used VPNs to access content the government blocks, such as LinkedIn.

Blocks 41

Blocks Laws Government Governance 41

Fintech Finance

AUGUST 19, 2024

These features use Generative AI (GenAI) and machine learning (ML) to help banks, credit unions, payments companies, and fintechs proactively detect and block risky transactions.

ACH 52

ACH Fraud Prevention AI FinTech 52

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

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

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.

Blocks 60

Blocks Federal Trade Commission FTC Accreditation 60

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

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.

Bitcoin 67

Bitcoin Law Enforcement Blocks Cryptocurrency 67

PYMNTS

MAY 11, 2016

district judge ruled against Staples’ proposed acquisition of Office Depot, reports Bloomberg , effectively putting to an end the two office supply chains’ long-gestating efforts to merge into one. Late in the day yesterday (May 10), a U.S.

Rules 40

Rules Federal Trade Commission FTC Laws 40

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.

Underwriting 114

Underwriting Rules Blocks Innovation 114

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

DECEMBER 29, 2016

The Internal Revenue Service has asked a court to dismiss a motion filed by a Coinbase user who wants the court to block the IRS from accessing transaction data. In response to that ruling, a Coinbase customer, Jeffrey K. Berns , sued to get that ruling set aside, and now, the IRS had its turn with the courts.

IRS 43

IRS Blocks Payer Rules 43

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 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.

Bitcoin 110

Bitcoin Blockchain Digital Currency Blocks 110

Neopay

NOVEMBER 27, 2023

In the US, the Consumer Financial Protection Bureau published a proposed rule that would see non-bank financial companies that handle more than five million transactions per year face the same rules as large banks and credit unions.

FinTech 52

FinTech CashApp Rules Non-Bank 52

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

The Paypers

AUGUST 2, 2022

Indonesia has reportedly blocked the search engine Yahoo, online payments giant PayPal, and several gaming websites for failing to comply with licensing rules.

PayPal 36

PayPal Breach Blocks Rules 36

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.

Office of the Comptroller of the Currency 62

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

Payments Source

JULY 19, 2019

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

Blocks 81

Blocks Rules Privacy Finance 81