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 Governance Government 121

PYMNTS

DECEMBER 23, 2020

businesses and individuals to avoid storing data with Chinese companies due to the risk the country's government will demand and receive access to commercially valuable information. government and U.S. government and U.S. The federal Department of Homeland Security is urging U.S. businesses. businesses.

Government 75

Government Governance Risk Security 75

Neopay

APRIL 22, 2024

The UK’s company law landscape underwent significant changes with the enactment of the Economic Crime and Corporate Transparency Act, effective from 4th March 2024. The post Changes to UK company law appeared first on Neopay. Here is a summary of what you need to know about the new measures.

Laws 52

Laws Crime Due Diligence Law Enforcement 52

PYMNTS

AUGUST 17, 2020

A cyberattack directed at two dozen Canadian government platforms forced the shutdown of most of its online portals over the weekend. It collects taxes, administers tax law and policy and oversees charities. CNN reported Canadian officials detected as many as 300,000 attempted attacks to access accounts. The CRA plays multiple roles.

Government 65

Government Governance Data Breach Breach 65

PYMNTS

JANUARY 24, 2019

Government procurement can bolster the strength of local small businesses (SMBs), and provide an example for technology adoption in areas such as eInvoicing and electronic payments. In an earlier report , law firm and lobbyist Akin Gump Strauss Hauer & Feld LLP examined some of the initiatives that the U.S. government business.”

Cybersecurity 61

Cybersecurity Government Governance Risk Mitigation 61

The Paypers

MARCH 4, 2024

The UK Government has decided to implement new measures granting law enforcement agencies increased powers over cryptocurrency assets.

Law Enforcement 41

Law Enforcement Laws Cryptocurrency Governance 41

PYMNTS

MAY 8, 2020

Government program subsidies and loans have been snapped up by larger companies and mid-sized chains, and banks have capped their exposure to loan programs. The prevailing sentiment, as the crisis heads into its third month, is that more innovative government programs will be necessary to provide any meaningful relief.

Government 56

Government Governance Small Business Federal Reserve 56

PYMNTS

MAY 10, 2020

According to the Consortium, the problem isn’t the income of furloughed employees; that’s protected by the government’s laws. The letter said the businesses, many operating on thin revenues already, won’t just be able to bounce back after things reopen — many will be in dangerous waters and will take more time to recover.

Government 64

Government Governance Treasury Small Business 64

PYMNTS

JULY 24, 2020

The central bank of Kenya is putting forward new legislation to govern interest rates charged for digital lenders’ loans. Online lenders will need the green light from the central bank to roll out new offerings or hike lending rates if the legislation is put into law, Quartz Africa reported.

Central Bank 63

Central Bank Government Governance Online and Mobile Banking 63

VISTA InfoSec

SEPTEMBER 15, 2023

For data processed for any function under any law or judgment issued under law. Clause 6(1) empowers the Central Government to limit personal data transfer by Data Fiduciaries to specific foreign countries or territories. Clause 6(2) ensures that this provision doesn’t override stricter Indian laws governing data transfer.

Data Breach 130

Data Breach Breach Governance Government 130

PYMNTS

FEBRUARY 1, 2021

However, gross domestic product (GDP) will return to pre-COVID levels, in part due to government stimulus packages, by mid-2021. The CBO’s projections assume that “current laws governing federal taxes and spending (as of Jan. A new report predicts the U.S. percent to the level of GDP this year and next.

Economy 60

Economy Government Governance Returns 60

PYMNTS

SEPTEMBER 25, 2017

WeChat, the Chinese messaging app owned by Tencent, confirms it provides information about users to the Chinese government. In order to continue using the app, users must accept the privacy policy, which now states that a significant amount of data will be shared with the government in order to comply with laws and regulations.

Government 56

Government Governance Consumer Privacy 56

Global Fintech & Digital Assets

OCTOBER 31, 2023

Licensees, exchanges, and other market participants should prepare to comply with the listing, disclosure, capital, and other requirements that the new law imposes. The DFAL contains an exclusion for persons that contribute “only connectivity software … to a protocol governing transfer of the digital representation of value.”

Laws 52

Laws Stablecoins Issuers Legal 52

PYMNTS

OCTOBER 14, 2019

Think of government spending, and the first word to come to mind might decidedly not be this one: efficient. For vendors, there are challenges, too, as they navigate government agency solicitations for products and services, and seek to bid competitively. It is going to be hard,” Landsman concurred.

Government 43

Government Governance Law Enforcement Laws 43

PYMNTS

MARCH 6, 2019

The French government is going after U.S.-based In a statement to the news outlet, a Google spokesperson said the company always pays its taxes and complies with the tax laws in every country in which it operates.

Government 68

Government Governance Agreements Laws 68

Payments Source

SEPTEMBER 8, 2016

A new tool developed by the federal government may put the brakes on certain counterfeit card scams during the holidays, if law enforcement agencies can replicate the results of an initial test.

Government 63

Government Governance Law Enforcement Scams 63

PYMNTS

SEPTEMBER 15, 2016

Japan’s government is pointing the finger at Apple and Google, alleging that the two tech giants are violating the country’s anti-monopoly law. Both potentially defy Japanese law. Japan’s government has shined a light on the tech industry more recently.

Government 62

Government Governance Laws Blocks 62

PYMNTS

JANUARY 24, 2018

Bitcoin doesn’t necessarily have the blessing of government agencies, but what about blockchain? It seems governments are a bit more open to distributed ledger technology (DLT), though that doesn’t mean blockchain companies get a free pass with regulators. government isn’t the only jurisdiction going hot and cold on blockchain.

Government 53

Government Governance Blockchain Distributed Ledger Technology (DLT) 53

PYMNTS

AUGUST 23, 2019

To help advise its financial services business as one global team, Walmart has added two new global governance leaders. Rodriguez earned his bachelor’s of science in accounting from The College of New Jersey and earned his Juris doctor from Harvard Law School, where he was editor of the Harvard Latino Law Review.

Government 59

Government Governance Compliance Regulatory Compliance 59

PYMNTS

SEPTEMBER 22, 2019

Ecuador ’s government has rushed a draft privacy law to Congress after the nation was hit with a massive data breach impacting more than 20 million people. While Ecuador had been working on a data privacy law for nearly two years, the breach prompted the government to finish its work and send the draft law to parliament.

Data Breach 75

Data Breach Laws Breach Privacy 75

PYMNTS

JULY 2, 2019

As the quickly growing lender bolsters its governance and faces scrutiny from a financial watchdog, Australia’s Afterpay Touch Group Ltd is said to be working toward bringing on a “majority independent board with an independent chair.” Afterpay’s shares were up as high as 7.6 percent on the news, Reuters reported. Afterpay notched $221.08

Government 40

Government Governance Money Laundering Audit 40

The Fintech Times

AUGUST 23, 2024

Recognising the potential of digital technology to drive economic development, the government has been proactive in promoting digitalisation. A significant milestone occurred in January last year when the Parliament passed the Investment Banking Law, paving the way for the establishment and operation of investment banks within the country.

Economy 115

Economy FinTech Governance Government 115

Fintech News

JUNE 5, 2024

Australia will introduce new legislation to amend the Credit Act, requiring Buy Now, Pay Later (BNPL) providers to hold an Australian credit license and comply with existing credit laws regulated by the Australian Securities and Investments Commission (ASIC). The new laws aim to balance consumer protection with innovation and competition.

Regulations 96

Regulations BNPL Product Consumer Protection 96

PYMNTS

FEBRUARY 21, 2018

Governments may not be too keen on bitcoin, but blockchain is another story. In fact, government authorities have begun to help fuel the proliferation of blockchain across the world. Local officials are hoping to use blockchain to improve public services and boost transparency.

Government 52

Government Governance Blockchain Central Bank 52

PYMNTS

MARCH 17, 2020

It’s one approach to a growing retail vacancy issue that local governments are getting more aggressive in trying to solve. The law opens up much more territory to these operations, which had only been permitted in areas zoned for industry.

Government 54

Government Governance Assessments Small Business 54

The Paypers

SEPTEMBER 21, 2021

The Australian Government has announced considering new laws that would tighten the regulation of digital payment services by tech giants such as Apple and Alphabet’s Google.

Government 31

Government Governance Regulations Laws 31

The Fintech Times

JUNE 11, 2024

The fight against fraud requires coordinated action across multiple government departments and business sectors. The next government must prioritise fraud by appointing a fraud minister who can drive the urgent actions needed across government and business to finally turn the tide. Additionally, Which?

Crime 69

Crime Law Enforcement Laws Government 69

PYMNTS

FEBRUARY 18, 2019

Governments around the world have a new front in their fight against money laundering: real estate. The aim of the law is to discover who the true owner of a property is. As for the U.K., the report noted that in 2018 legislation was introduced that calls on foreign owners to identify who they are.

Money Laundering 73

Money Laundering Government Governance Fincen 73

PYMNTS

DECEMBER 21, 2020

Russia's federal anti-monopoly service (FAS) has accused Booking.com of reportedly violating antitrust laws in the country and abusing a dominant market position, according to Reuters Monday (Dec. Under Russia's anti-monopoly law, the company could face a fine of around 1 percent to 15 percent of its annual revenue generated in the country.

Laws 87

Laws Regulations On-Demand Rules 87

The Payments Association

MARCH 26, 2024

As the crypto market continues to innovate and grow, governments and regulators around the world are struggling to keep pace. The constantly shifting policy and regulatory landscape is also challenging for crypto businesses to navigate—particularly for firms seeking to operate in the UK where cryptoasset rules remain in flux.

Financial Crimes 88

Financial Crimes Crime Consulting Compliance 88

PYMNTS

MAY 28, 2018

Paytm , the leading digital wallet company in India with more than 230 million customers, has reportedly shared the personal data of users with the Indian government. In response to the report, Paytm said on Friday (May 25) that it did not share user data with law enforcement agencies based on a request.

Government 43

Government Governance Law Enforcement Laws 43

PYMNTS

FEBRUARY 6, 2019

The Indian government is going after social media apps run by Chinese companies, gearing up to create new regulations that will force them to oversee the content being shared. According to a report in the Financial Times , with Chinese social media apps very popular in India, the government is setting its sights on them.

Government 43

Government Governance Rules Regulations 43

VISTA InfoSec

OCTOBER 26, 2023

federal law passed in 2002 to protect investors from fraudulent financial activities. SOX establishes regulations around financial reporting, mandates internal control audits, and strengthens corporate governance. The Sarbanes-Oxley Act (SOX) is a U.S. It applies to all U.S. It applies to all U.S. SOX, a U.S.

Audit 130

Audit Compliance Laws Government 130

The Fintech Times

APRIL 19, 2024

We’ve heard from parents, teachers, industry bodies and organisations on this debate but now the Government must listen to these young voices and prioritise the practical money skills they need – and want- to navigate the adult world successfully.”

Laws 59

Laws Debit Card Research Government 59

FICO

SEPTEMBER 14, 2017

Government agencies are often challenged in their effort to optimize communications with their citizens. Most government executives want to increase the frequency and quality of their interactions, but tightening budgets have resulted in fewer interactions, not more. The opportunities to improve engagement are broad. Customer Service.

Government 61

Government Governance Automation Returns 61

PYMNTS

JULY 12, 2020

German law enforcement authorities said they have added money laundering, balance falsification and market manipulation to the charges facing the collapsed firm. .; The company reported it owed creditors nearly $4 billion after it revealed $2.1

Government 62

Government Governance Law Enforcement Money Laundering 62

Payment Savvy

MAY 5, 2021

Most people think that payment processing for law firms is a simple and straightforward process. However, it is a complex procedure that is governed by strict regulations. Due to the above reasons, law firms need to adopt an advanced payment processing system. Payments received must be deposited to a trust account.

Laws 52

Laws Process Payments Debit Card 52