FICO

MAY 13, 2021

Last month, the European Commission issued a new legal framework for AI , designed to make the European Union a centre of excellence for trustworthy AI. The new rules divide AI systems into different categories of risk (based on the impact of an error in the AI system) and impose restrictions and requirements based on that risk.

AI 52

AI Legal Framework Risk Compromise 52

Segpay

MAY 1, 2024

DORA entered into force on January 16th, 2023, and its legal implementation deadline is January 17 th , 2025. Its legal framework is designed to enhance the operational resilience of all digital service providers, including payment service providers (PSPs), that operate in the European Union (EU).

Compliance 52

Compliance Cybersecurity Procedures Risk Management 52

PYMNTS

JANUARY 31, 2018

Though Mastercard and Visa have dropped similar practices, tied to a settlement with the Justice Department struck in 2010, Amex has held onto those rules. District Court judge ruled that the Amex practices violated federal antitrust laws. Following that ruling, the States asked the Supreme Court to hear the case.

Rules 40

Rules Credit Cards Legal Legal Framework 40

PYMNTS

SEPTEMBER 11, 2019

“Under that three-part test, arguably the highest bar is that a company must prove that contractors are doing work ‘outside the usual course’ of its business,” Tony West, Uber’s chief legal officer, said on a call with reporters. Lyft spokesperson Adrian Durbin had slightly more pointed words about the new law.

Economy 65

Economy Laws Legal Framework Legal 65

Segpay

AUGUST 20, 2024

As the digital world continues to expand and the young and the old spend an increasing number of hours online, governments around the globe are taking rigorous steps to make the internet a safer environment for minors. The Chinese communist government has implemented some of the strictest measures worldwide.

Verification 105

Verification Laws Legal Privacy 105

PYMNTS

JANUARY 8, 2018

Given his long-standing personal commitment to the clear and present danger cannabis presents to the American people, it probably should not have come as much of a shock when Attorney General Jeff Sessions officially moved to curtail the legalized cannabis industry this week.

Tax Refunds 42

Tax Refunds Scams Legal Wires 42

Clearly Payments

FEBRUARY 8, 2024

Moreover, by establishing rules for payment networks and financial institutions, regulation mitigates systemic risks and fosters fair competition, thereby enhancing market efficiency. It oversees compliance with federal banking laws, including those governing payments.

Regulations 105

Regulations Electronic Fund Transfer Act (EFTA) Federal Reserve Electronic Funds Transfer (EFT) 105

Stax

JANUARY 15, 2024

In the following sections, we’ll delve into the legal framework, compliance standards, and best practices to navigate the complexities of surcharging. Legal and Regulatory Framework Compliance ensures secure and transparent financial transactions, but nuances exist that businesses must grasp.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

Segpay

MARCH 20, 2024

Regulatory Compliance Challenges Deploying generative AI in banking is subject to a complex regulatory landscape governed by stringent data protection, consumer privacy, and financial regulations.

AI 111

AI Privacy Non-Bank Fraud Detection 111

CB Insights

OCTOBER 26, 2020

While the rules against prop trading have more recently been loosened, the restriction has still changed how investment banks operate. In early 2020, as governments and financial institutions began to grasp the true extent of the Covid-19 pandemic, some analysts believed that M&A activity would see a sharp upswing.

Underwriting 78

Underwriting Research Online and Mobile Banking Non-Bank 78

Fintech Review

SEPTEMBER 17, 2024

Decentralised Autonomous Organisations (DAOs) are transforming the governance structures within the blockchain and cryptocurrency spaces. Operating without central authority, DAOs promote decentralised decision-making, with the promise of democratising governance across various sectors. What Are DAOs?

Government 76

Government Governance Innovation Legal 76

CoinRemitter

JUNE 30, 2024

Decentralized Autonomous Organizations (DAOs) are at the forefront of the decentralized ecosystem, offering a new way to govern, handle finances, and make informed decisions. In DAOs, rules and protocols are encoded in smart contracts, which are self-executing agreements with the terms of agreements directly written into code.

Government 40

Government Governance Money Laundering Blockchain 40

Fintech Finance

JULY 1, 2024

Digital euro rulebook and tender process The digital euro Rulebook Development Group has completed an interim review of the first draft of the rulebook, which sets out the rules and procedures to standardise digital euro payments across the euro area. The digital euro is a common European endeavour.

Legal Framework 98

Legal Framework Money Laundering Online and Mobile Banking Central Bank 98