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 Governance 130

VISTA InfoSec

JUNE 21, 2023

However, due to the nature of cybercriminal activity, it is crucial to react quickly and correctly to contain the incident, minimize any further damages, and protect your business from legal troubles. Be sure to familiarize yourself with state laws, which your legal counsel will be able to help with. Secret Service offices.

Data Breach 130

Data Breach Breach Law Enforcement Cybersecurity 130

PYMNTS

DECEMBER 19, 2019

The effect is perhaps most pronounced in the legal profession, where payments have been done a certain way for time immemorial, and where there are also serious matters of compliance. ‘I Law & Order IPU (Instant Payments Unquestionably). Law firms face more daunting hurdles than some when adopting instant disbursements.

Legal 52

Legal Settlement Checks Laws 52

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 group that says it represents 850,000 pharmacists in India wants the government to shut down Amazon’s new pharmaceutical delivery service in the country. The letter is addressed to Amazon CEO Jeff Bezos, India Prime Minister Narendra Modi and other government officials in the country.

Shutdown 100

Shutdown Legal Framework Legal Governance 100

Fintech News

MAY 29, 2024

This report outlines mitigation measures for government agencies, financial institutions, and Designated Non-Financial Businesses and Professionals (DNFBPs) to address these risks. Singapore’s law enforcement and supervisory agencies will remain vigilant and implement appropriate measures to mitigate these risks.

Money Laundering 107

Money Laundering Crime Risk Law Enforcement 107

PYMNTS

AUGUST 23, 2019

To help advise its financial services business as one global team, Walmart has added two new global governance leaders. Rodriguez will provide legal advice and counsel to the company’s financial services teams. The executive comes to the retailer from Capital One , where he most recently served as vice president of compliance.

Governance 59

Governance Government Compliance Regulatory Compliance 59

PYMNTS

DECEMBER 23, 2019

Businesses and government institutions are adapting to instant payments as more consumers are requesting them. The latest PYMNTS Disbursement Satisfaction Report revealed that more than 24 percent of government disbursements were made through instant rails in 2019. Legal system complexities stall instant payment adoption.

Legal 52

Legal Instant Payments Checks Settlement 52

PYMNTS

NOVEMBER 13, 2020

Under the proposed new law, citizens would be able to change their ID number if a data breach would possibly expose them to identity theft. The current law makes it difficult to change a personal identity code. The current law makes it difficult to change a personal identity code.

Breach 69

Breach Laws Identity Theft Verification 69

Fintech News

JUNE 12, 2024

Theme 1: Establishing Optimal Governance and Interoperability Frameworks Effective governance and interoperability frameworks will be crucial for managing the complexities of cross-border payments. It’s also important to make sure the benefits are shared fairly between countries sending and receiving money.

Cross-Border Payments 116

Cross-Border Payments Cross-Border Interoperability Payments 116

Stax

DECEMBER 2, 2024

Several new laws seek to ban “drip pricing” or “junk fees,” and their uncertain meaning has resulted in confusion among merchants and acquirers. What are drip pricing laws? This language is from California’s “Honest Pricing Law,” also known as SB 478 , which went into effect on July 1, 2024.

Junk Fees 68

Junk Fees Credit Cards Push-to-Card Laws 68

Core

FEBRUARY 6, 2024

As pillars of the public, government organizations contribute to the stability and functionality of society, ensuring citizens receive necessary support, protection, and opportunities for growth. Digital payments are now an integral piece of the government financial landscape. Here are some key insights.

Best Practices 52

Best Practices Governance Government Fraud Prevention 52

The Fintech Times

DECEMBER 9, 2024

Google has filed a legal challenge against the US Consumer Financial Protection Bureau (CFPB), the agency responsible for overseeing consumer finance, after it placed Google Payment Corp., The move follows the agencys use of a dormant legal authority revived in 2022 to oversee nonbank entities deemed to pose risks to consumers.

Consumer Financial Protection Bureau (CFPB) 75

Consumer Financial Protection Bureau (CFPB) CFPB Regulations Legal 75

Fintech News

FEBRUARY 25, 2024

Violations of these laws carry severe penalties, including fines and imprisonment. The government is also planning outreach to those impacted, emphasising the availability of legal recourse within Singapore’s framework. The ongoing investigations do not preclude remitters from pursuing private claims against Samlit.

Authorization 107

Authorization Laws Business Day Compliance 107

EBizCharge

JUNE 28, 2024

The question “Is it legal to charge a credit card fee?” This article will explore the legality of charging such fees as well as the pros and cons associated with them. Surcharging is legal in many states and is regulated at the state and federal levels. is a legitimate inquiry for merchants seeking ways to offset these expenses.

Credit Cards 52

Credit Cards Legal Debit Card Disputes 52

Fintech Finance

JULY 16, 2024

These reports take forward priority actions under the G20 Roadmap to address legal, supervisory and regulatory frictions in cross-border payments to help achieve the quantitative targets in 2027. In response to these changes, legal, regulatory and supervisory frameworks that govern PSPs have had to rapidly adapt and evolve.

Cross-Border Payments 98

Cross-Border Payments Cross-Border Consulting Regulations 98

Open Banking Excellence

SEPTEMBER 27, 2024

Half a decade ago, Mexico demonstrated its ongoing commitment to updating its financial regulation with the introduction of the Fintech Law. Nevertheless, it is essential to review and complement the existing legislation with complementary laws to fully unleash the potential of this ecosystem.

Financial Inclusion 147

Financial Inclusion FinTech Laws Regulations 147

Fintech News

JULY 1, 2024

The evolving global terrorism landscape necessitates regular updates to Singapore’s risk assessments and counter-terrorism strategies given its status as a global financial and business hub Singapore employs a comprehensive, government-wide approach to identify, monitor, and mitigate terrorism financing risks.

Risk Assessment 113

Risk Assessment Assessments Risk Finance 113

Open Banking Excellence

MAY 2, 2024

The rights and obligations of the National Bank of Georgia as the central bank of the country, the principles of its activity and the guarantee of its independence are defined in the Organic Law of Georgia on the National Bank of Georgia. In addition, the NBG is the banker and fiscal agent of the government.

Interoperability 147

Interoperability Payment APIs and Integration Central Bank Cross-Border 147

The Fintech Times

MARCH 26, 2024

is calling for new laws to force domain registrars to do more to prevent scam banking ‘copycat’ websites appearing in the first place; after it revealed that over 2,000 of these suspected sites were reported in 2023. The UK government is currently consulting on new powers to seize domains used for criminal purposes.

Governance 64

Governance Government Scams Non-Bank 64

Payments Source

APRIL 11, 2018

A Cambridge professor has found how an 1816 legal ruling can be used to trace stolen bitcoins, thus potentially making it easier for governments to legislate bitcoin exchanges.

Bitcoin 64

Bitcoin Laws Legal Rules 64

VISTA InfoSec

SEPTEMBER 14, 2023

We will examine the effects of GDPR in the US and how businesses can adhere to this European privacy law. It’s important to note that the law extends to any EU resident, irrespective of citizenship. EU citizens in the US are protected by US federal and state laws like CalOPPA, COPPA, CCPA, and CDPA. GDPR and U.S.

Compliance 130

Compliance Privacy Processors Legal 130

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. Issuing a digital asset does not in itself require licensure, unless such asset is redeemable for legal tender, bank credit, or another digital asset.

Laws 52

Laws Stablecoins Issuers Legal 52

The Payments Association

NOVEMBER 12, 2024

Independent UK law firm Burges Salmon has announced the appointment of partner Martin Cook as the new head of the firm’s significant and fast growing Financial Services sector.

Cross-Border 88

Cross-Border Disputes Legal Laws 88

VISTA InfoSec

SEPTEMBER 28, 2023

This new law, approved by the president on August 11, 2023, dictates how organizations handle personal data. Be an individual responsible to the Board of Directors or similar governing body of the Significant Data Fiduciary. These measures ensure lawful, transparent processing of personal data while maintaining privacy.

Privacy 130

Privacy Audit Data Breach Breach 130

PYMNTS

NOVEMBER 4, 2020

The Department of Justice (DOJ) has seized $24 million in virtual currency on behalf of the Brazilian government, according to a press release. They reportedly held the funds in a way that would've mandated regulation under Brazilian law, with which Fagundes and the others allegedly didn't comply.

Fincen 93

Fincen Crime Cryptocurrency Money Laundering 93

PYMNTS

APRIL 6, 2020

The law firm noted that the bank updated its policy on April 4 by letting depository-only customers apply for PPP loans after the filing of a class action compliant. The PPP offers loans guaranteed by the government to provide for eight weeks of payroll and other costs to provide relief from the economic effects of the coronavirus pandemic.

Payroll 95

Payroll Small Business Legal Laws 95

PYMNTS

APRIL 28, 2019

A research group revealed that it has discovered “serious shortcomings” in the predictive tools used by law enforcement agencies. In addition, a study of a risk assessment tool to be used by the federal government found that only 35 percent of defendants classified as high-risk failed to appear for trial or were rearrested before trial.

Law Enforcement 58

Law Enforcement Laws Risk Assessment AI 58

The Fintech Times

OCTOBER 18, 2024

Risk management is a necessity in fintech, as well as a legal obligation. In contrast, fintech companies must adopt a forward-looking approach that integrates KRIs with traditional key performance indicators (KPIs) to ensure robust financial governance.

Risk 108

Risk FinTech Risk Management Cybersecurity 108

Fintech News

FEBRUARY 27, 2024

These negative developments likely influenced governments across the globe, because the following 12 months saw an extraordinary boom in crypto policy regulation in APAC countries. This move aims to establish a trading ecosystem for crypto assets that is equitable and reasonable, ensures legal certainty , and prioritises public protection.

APACS 115

APACS Regulations Stablecoins Cryptocurrency 115

The Payments Association

DECEMBER 9, 2024

The UK government and the FCA will further develop and implement these regulations through consultations and legal frameworks, aiming for a comprehensive rollout by 2026. What are the government’s plans for the regulation of crypto? What’s next?

Stablecoins 88

Stablecoins Rules Consulting Regulations 88

PYMNTS

MARCH 2, 2020

New Jersey joins Washington, Illinois and other states and regions in introducing data privacy laws. Amol Sinha, executive director of the American Civil Liberties Union of New Jersey, said laws are necessary to safeguard consumers from being exploited. “We

Privacy 99

Privacy Regulations Laws Agreements 99

The Fintech Times

MARCH 18, 2024

The perception of Bitcoin as ‘digital gold’ is light years from Satoshi Nakamoto’s original vision of a highly scalable platform to handle peer-to-peer electronic cash while offering safe, secure, and immutable data storage for enterprises and governments. Teranode’s impact will be both dramatic and widespread.

Blockchain 145

Blockchain Web 3.0 Technology TPS 145

PYMNTS

DECEMBER 16, 2020

users into new agreements with its corporate headquarters in California, effectively circumventing the European Union’s strict privacy laws, according to an exclusive report by the Reuters news service. users will remain subject to British privacy laws, which follow the European Union’s General Data Protection Regulation ( GDPR ) regime.

Privacy 85

Privacy Agreements Legal Laws 85

Stax

JANUARY 15, 2024

Failure to comply with its policy frameworks can have severe consequences— legally and financially. Surcharging involves understanding federal laws, state-specific restrictions, and international regulations. Be sure to understand federal laws, state regulations, and international standards to sidestep potential legal issues.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

Stax

FEBRUARY 5, 2024

This surcharge covers costs associated with adopting and maintaining government-mandated sustainable practices. Governments impose regulations to protect the public’s interests and promote fair corporate practices. Be aware of restrictions and guidelines in your business jurisdictions to avoid legal repercussions.

Credit Cards 88

Credit Cards Legal On-Demand Regulatory Compliance 88

PYMNTS

OCTOBER 4, 2020

A 14-page report Facebook lawyers prepared in advance of a potential antitrust lawsuit from the government found such action would hurt users, be contrary to established law and cost billions of dollars, WSJ reported after seeing the document. The FTC didn’t immediately respond to a WSJ request for comment.

Federal Trade Commission 116

Federal Trade Commission FTC Request for Comment Laws 116