FICO

SEPTEMBER 27, 2017

Centralizing collections in government is therefore a significant opportunity when we focus on the area of non-tax receivables. In fact, government agencies can increase revenue by tens or even hundreds of millions of dollars each year through centralized collection activities. Support for Other Government Entities.

Governance 49

Governance Government Non-Bank Authorization 49

PYMNTS

APRIL 28, 2019

Blockchain got a boost last week after the Ohio House Of Representatives introduced a bill that would let state government agencies use blockchain technology. If the bill passes, government agencies in Ohio could use blockchain for recording car titles or tracking hunting licenses online, noted the report.

Blockchain 59

Blockchain Legal Framework Bitcoin Cryptocurrency 59

PYMNTS

NOVEMBER 2, 2018

Australia’s new government entity, designed to support small businesses (SMBs) claiming mistreatment by their banks, has opened its doors, reports in Smart Company said this week.

Disputes 61

Disputes Legal Framework Small Business Governance 61

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

DECEMBER 23, 2020

government relations, according to Bloomberg. Review sites such as Tripadvisor could easily become nothing more than only-positive advertising glimpses” because “hosting critical or negative views would create a substantial risk of legal liability,” Tripadvisor said in a filing , per Bloomberg. At a hearing of the U.S.

Federal Trade Commission 76

Federal Trade Commission Legal Framework Laws FTC 76

The Payments Association

DECEMBER 2, 2024

MiCA aims to establish a comprehensive and harmonised framework for crypto-assets across EU member states, enhancing investor protection and ensuring financial stability while fostering innovation within the crypto sector. In response to MiCA’s requirements, several crypto exchanges and service providers adjusted their offerings.

Regulations 88

Regulations Instant Payments Consumer Protection Payments 88

PYMNTS

JULY 7, 2019

Congress “is considering at least three bills that would resolve some of the murky legal issues surrounding digital money.”. is falling behind: Japan and Switzerland have developed legal frameworks that have attracted cryptocurrency projects and investment. Not only that, but the newspaper said that the U.S.

Regulations 51

Regulations Legal Framework Cryptocurrency Bitcoin 51

PYMNTS

SEPTEMBER 2, 2019

3 hearing advises that system-wide governance should be established to regulate virtual asset service providers (VASPs), CoinTelegraph reported Monday (Sept. Japan and Switzerland have already developed legal frameworks that have attracted cryptocurrency projects and investment. financial system.

Regs 49

Regs BSA Legal Framework Cryptocurrency 49

Fintech News

JANUARY 17, 2024

To address these issues, the Reserve Bank of India (RBI) took action in 2023 by mandating stricter IT governance and risk controls. This collaboration, while essential, requires careful navigation of legal frameworks to ensure effective and compliant information exchange.

Deepfake 123

Deepfake APACS Scams Authentication 123

PYMNTS

JULY 6, 2020

While much of the legal framework has come from European Union (EU) regulators, it is a loose alliance of financial institutions (FIs), heavy-duty tech players and nimble FinTechs making breakthroughs. And as for all the press they get, APIs have an awareness problem to overcome.

API 76

API B2B Payment APIs and Integration Legal Framework 76

The Fintech Times

APRIL 8, 2024

Regulatory hurdles and compliance intricacies emerged as focal points, with speakers exploring the complex landscape of legal frameworks governing AI including the EU AI Act and the UK regulator’s approach to AI regulation, highlighting the importance of understanding forthcoming regulatory changes and their implications.

AI 59

AI Risk Legal Framework Use Case 59

Fintech News

JULY 17, 2024

The United States continues to rely on the Bank Secrecy Act (BSA) as the primary legal framework governing AML regulations, with the Financial Crimes Enforcement Network (FinCEN) providing guidance on how these regulations apply to cryptocurrency businesses. The United Arab Emirates has amended Federal Decree-Law No. (20)

Money Laundering 109

Money Laundering Law Enforcement AML Non-Bank 109

PYMNTS

NOVEMBER 4, 2016

” CryptoCoinsNews also reported that a digital currency pyramid scheme in Vietnam led the government to, once again, warn against its citizens using bitcoin. Switzerland’s new plans to loosen regulations on FinTech firms to boost competition include addressing the legal treatment of virtual currencies and assets.

Bitcoin 76

Bitcoin Digital Currency Law Enforcement Legal Framework 76

PYMNTS

SEPTEMBER 13, 2018

If any recruiter is found to have conducted such activities, we will stop accepting candidate referrals from them and may take legal action against them.” What’s more, Chen said Equifax nor any government investigators have never contacted Ant Financial about the claims.

Legal Framework 49

Legal Framework Legal Breach Governance 49

Stax

JANUARY 15, 2024

Failure to comply with its policy frameworks can have severe consequences— legally and financially. In the following sections, we’ll delve into the legal framework, compliance standards, and best practices to navigate the complexities of surcharging. Swipe fees have doubled in a decade and increased by 20% since 2022.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

PYMNTS

JUNE 10, 2020

COVID-19’s spread and related lockdowns have highlighted the need for legal reform in this area. Florida was one of the few states that had legalized RON services prior to the initial outbreak. He added that most states did not have any laws governing or permitting RON services until recently. RON services were legal in 23 U.S.

Legal 52

Legal Money Laundering Legal Framework On-Demand 52

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

Fintech Review

JULY 22, 2024

Etherfuse has already begun tokenizing emerging market government debt – “Stablebonds” – with an initial focus on Latin America. Etherfuse has undertaken extensive regulatory efforts in Mexico and aims to use this unique legal framework to establish itself as a leading global platform for compliant tokenized assets.

Stablecoins 52

Stablecoins Legal Framework Issuers Blockchain 52

PYMNTS

AUGUST 20, 2018

Said prosecutors in their own document announcing the charges: “Burrell’s activities ‘blew a giant hole’ through the legal framework of U.S. By operating an exchange, he was also supposed to report what might have been flagged as “suspicious” activities to the government, noted that publication.

Money Laundering 41

Money Laundering Bitcoin Legal Framework Laws 41

The Fintech Times

MARCH 23, 2024

Together, they propose a shift in data management and usage, highlighting the distinctiveness inherent in digital representations and advocating for a revised approach to legal frameworks. ” Call to action The need for a more long-term outlook of Government and more private investment is a call to action, says Dr. Wandhöfer.

Economy 59

Economy Crime Legal Framework Governance 59

The Fintech Times

JUNE 6, 2024

The platform now includes a governance and legal framework, tailored to its decentralised nature, enabling real-value transactions and compatibility with the Ethereum Virtual Machine. In 2022, a pilot involving real-value transactions demonstrated the platform’s capabilities.

Participant 45

Participant Distributed Ledger Technology (DLT) Cross-Border Payments Cross-Border 45

FICO

MARCH 7, 2023

The EU Sets Out the First Legal Framework for AI Regulation In April 2021, the European Commission and EU member states kicked off a coordinated plan placing Europe on a path to becoming a global leader in cutting-edge, trustworthy artificial intelligence. Less than 20% of AI budgets are being spent on it.

AI 52

AI Regulations Legal Framework Non-Bank 52

The Fintech Times

JANUARY 5, 2024

For businesses seeking to allay these fears and develop safe, accountable AI solutions, effective governance is essential.” We can also expect major updates to compliance frameworks with responsible and acceptable AI use policies becoming commonplace.” appeared first on The Fintech Times.

AI 75

AI Database Financial Crimes Compliance 75

Global Fintech & Digital Assets

FEBRUARY 26, 2024

The Consultation Paper comes shortly after the Financial Services and the Treasury Bureau and the HKMA issued a consultation paper in December 2023 outlining their legislative proposal for a regulatory regime governing stablecoin issuers in Hong Kong (see this Latham blog post ).

Consulting 52

Consulting Regulations Distributed Ledger Technology (DLT) Stablecoins 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).

Cybersecurity 52

Cybersecurity Compliance Procedures Risk Management 52

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. Having a documented model development governance process. Ensuring models are adequately supported by degrees of freedom to prevent overtraining.

AI 52

AI Legal Framework Risk Compromise 52

Neopay

JULY 18, 2024

Anti-Money Laundering Risk: According to the Basel Institute of Governance, the global anti-money laundering risk averaged 5.25 The European Union’s 6th Anti-Money Laundering Directive (6AMLD) has enhanced the legal framework, increasing penalties and expanding the scope of predicate offenses.

Money Laundering 52

Money Laundering AML Crime Cryptocurrency 52

Fintech Review

APRIL 26, 2024

To enable us to become a more attractive proposition, Uzbekistan improved process and governance including implementing appropriate legal frameworks and financial resources for entrepreneurship and investment, as well as creating ample opportunities for investors and increased transparency in the investment process.

FinTech 59

FinTech Governance Government Legal Framework 59

The Fintech Times

JULY 2, 2024

There are political shifts, economic reforms, and efforts to modernise outdated legal frameworks. Also, in fintech and various other industries, regulatory frameworks governing digital payments, cybersecurity, and data privacy can differ vastly across borders within the region.

FinTech 59

FinTech Cross-Border Underserved Legal Framework 59

The Fintech Times

OCTOBER 10, 2024

By cracking down on unlicensed operations, VARA aims to protect investors and uphold international standards for virtual asset industry governance. VARA plays a central role in creating Dubai’s advanced legal framework to protect investors and establish international standards for virtual asset industry governance.

Risk Management 52

Risk Management Cryptocurrency Legal Framework Blockchain 52

PYMNTS

APRIL 28, 2017

Symantec saw new levels of cybercriminal ambition in 2016 — record identities exposed in data breaches, digital bank heists, DDoS attacks powered by IoT devices and, perhaps most notably, a rise in attacks on government entities and nation-states.

Ransomware 62

Ransomware End User Crime Authentication 62

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

Basis Theory

OCTOBER 1, 2024

Such entities include: Merchants include "any entity that accepts payment cards bearing the logos of any of the five members of PCI Security Standards Council" (PCI SSC, the organization that governs and enforces PCI DSS). Don't, however, let the term "merchants" fool you. Typically, these fines range from around $5,000 to $100,000.

PCI DSS 88

PCI DSS Compliance Encryption Assessments 88

CB Insights

OCTOBER 26, 2020

Going public is a significant liquidity event for a company, but is also a complex legal event. 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. Source : ETF.com.

Underwriting 78

Underwriting Research Online and Mobile Banking Non-Bank 78

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 81

Verification Laws Legal Privacy 81

Clearly Payments

FEBRUARY 8, 2024

Its primary objectives encompass safeguarding consumers, maintaining financial stability, promoting market integrity, preventing fraud and security breaches, and ensuring legal compliance. It oversees compliance with federal banking laws, including those governing payments.

Regulations 85

Regulations Electronic Fund Transfer Act (EFTA) Federal Reserve Electronic Funds Transfer (EFT) 85

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. Regulatory and Legal Challenges Source:MIT The legal and regulatory landscape surrounding AI-generated adult content is constantly evolving.

AI 90

AI Privacy Non-Bank Fraud Detection 90