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FSB Consults on Recommendations Related to Data Flows and Regulation and Supervision in Cross-Border Payments

Fintech Finance

The Financial Stability Board (FSB) published today, for public consultation, its proposed recommendations to promote greater alignment in data frameworks related to cross-border payments and consistency in the regulation and supervision of bank and non-bank payment service providers.

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CFPB Proposes to Regulate Large Digital Wallet and Payment App Providers

Global Fintech & Digital Assets

General Applicability The Proposal would only apply to “larger participants” of the payments market that provide over 5 million covered consumer payment transactions per year through a digital application for consumers’ general use in making consumer payment transactions.

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Slashing Ambiguity In The B2B Partnership Payments Process

PYMNTS

Further, as partnership programs grow larger, organizations must ensure their legal and finance departments are involved in every step of progress a partnership takes. Further, lump sum payments can be support streamlined operations. Slashing The AP Ambiguity.

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How Do You Set Up Automated Billing?

EBizCharge

To convey this information clearly, include concise billing terms on each invoice, covering payment due dates, applicable late fees, and accepted payment methods. To reiterate billing terms and conditions, utilize various communication channels such as email, postal mail, or a customer payment portal.