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

VISTA InfoSec

SEPTEMBER 15, 2023

This Act, which supersedes Section 43A of the IT Act, 2000 and the SPDI Rules, 2011, brings about considerable changes to the norms of data protection. The DPDP Act is lean and principle-based, with details around implementation to be set out in future rules. For minors , consent must be procured from the parent or legal guardian.

Data Breach 130

Data Breach Breach Governance Government 130

PYMNTS

JANUARY 5, 2021

Government pandemic aid helped bankruptcy filings hit a 35-year low in 2020, according to legal service firm Epiq. However, Epiq officials said in the release that recent government financial aid will help those numbers. consumers and businesses afloat,” said Kruse, per the release. “The

Government 63

Government Governance Legal Economy 63

VISTA InfoSec

JULY 17, 2024

Overcoming language barriers and security vulnerabilities Talking to people in a language they understand makes it easier for them to follow security rules. Keep your systems updated with global cybersecurity governance standards. Each of these sets its own rules on handling personal information safely and legally.

Cybersecurity 186

Cybersecurity Compliance Encryption Best Practices 186

PYMNTS

DECEMBER 3, 2019

The statement provides FIs with federal data that defines the legal status of hemp, as well as the U.S. Department of Agriculture’s (USDA) interim final rule on hemp production. After further evaluation of the USDA interim final rule, the Financial Crimes Enforcement Network (FinCEN) will issue additional guidance.

Suspicious Activity Report (SAR) 55

Suspicious Activity Report (SAR) BSA Rules Office of the Comptroller of the Currency 55

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 74

Cross-Border Payments Cross-Border Consulting Regulations 74

PYMNTS

DECEMBER 30, 2020

22, according to legal documents filed in the U.S. Legal counsel for those named in the suit — Ripple Labs, CEO Bradley Garlinghouse and Executive Chairman and Co-founder Christian Larsen — were called to appear in an online pretrial conference with Judge Analisa Torres. . There are clear rules of the road for using XRP in the U.K.,

Legal 130

Legal Settlement Cryptocurrency Bitcoin 130

The Fintech Times

SEPTEMBER 4, 2024

This month, The Fintech Times will look at some of the biggest issues regarding compliance and financial rules, as well as the solutions hoping to ease the compliance journey for firms and make the fintech world fairer and safer. Regulatory rules are constantly changing, with new ones being introduced at a rapid rate.

Compliance 64

Compliance Rules Regulations Cybersecurity 64

The Fintech Times

SEPTEMBER 12, 2024

This month, The Fintech Times will look at some of the biggest issues regarding compliance and financial rules, as well as the solutions hoping to ease the compliance journey for firms and make the fintech world fairer and safer. However, it is key not to forget the role of the regulator.

Compliance 59

Compliance Regulations Financial Crimes Non-Bank 59

PYMNTS

NOVEMBER 19, 2019

The government of India has the legal right to monitor and decrypt digital information on citizens’ devices, TechCrunch reported Tuesday (Nov. Reddy’s remarks were prompted after a lawmaker asked if the government had pried into people’s conversations on WhatsApp and other digital messaging apps.

Laws 40

Laws Government Governance NOV 40

PYMNTS

DECEMBER 1, 2017

The Chinese government’s financial regulators have distributed new rules to local governments, targeting the fast-growing online micro-lending industry. According to news from Reuters , under the new rules, unlicensed organizations and individuals are not allowed to conduct a lending business.

Rules 51

Rules Legal Regulations Governance 51

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

PYMNTS

FEBRUARY 14, 2020

The judge ruled that the benefits to the public outweigh the inconveniences that might be suffered by companies like Uber and Postmates. The ruling this week was largely procedural, and the judge did not issue an opinion on the merits of the case. What’s next? Companies deemed to have run afoul face fines. And what it will all cost?

Rules 64

Rules Laws Economy Governance 64

The Fintech Times

FEBRUARY 14, 2024

Crucial for organisations worldwide, this transformation rewrites the rules and offers a seamless alternative to tedious data entry, high processing costs, and lost invoices, promising a new era of financial agility. The changes are also accelerated by the continuous push by many governments to further digitisation.

Automation 103

Automation Process Duplicate Compliance 103

Global Fintech & Digital Assets

FEBRUARY 1, 2024

Valdez The appropriate regulatory characterization of cryptocurrencies and digital assets for US legal purposes has spawned many pages of analysis and occupied many hours of industry, law firm, and regulatory consideration.

NFTs 52

NFTs Laws Cryptocurrency Rules 52

PYMNTS

DECEMBER 26, 2018

China is gearing up to stop local governments from making foreign companies transfer their proprietary technology to Chinese partners, reported The Financial Times. According to a report in The Financial Times , the government in China is taking steps to address one of the biggest complaints the U.S.

Rules 43

Rules Laws Government Governance 43

PYMNTS

AUGUST 14, 2018

The Australian government on Tuesday (Aug. According to a report in 9to5Mac , failure to comply with the rule would result in fines as high as $7.3 The law started making the rounds in June, with one cybersecurity expert telling 9to5Mac that the rule showcases the confusion on the part of the Australian government.

Encryption 40

Encryption Rules Law Enforcement Laws 40

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

APRIL 13, 2020

The Consumer Financial Protection Bureau (CFPB) has made it easier for people to access stimulus CARES Act funds by removing some of the legal barriers barring banks from issuing the payments through prepaid accounts, according to a press release.

Electronic Fund Transfer Act (EFTA) 111

Electronic Fund Transfer Act (EFTA) CFPB Consumer Financial Protection Bureau (CFPB) Direct Deposit 111

Global Fintech & Digital Assets

NOVEMBER 16, 2023

Recognizing new realities in decentralization, the regulations aim to provide market players with governance flexibility within distributed ledger technology foundations. The Regulations lay down key rules regarding a new type of foundation, based on distributed ledger technology (DLT). Do the FSRA rules still apply?

Regulations 52

Regulations Technology Distributed Ledger Technology (DLT) Audit 52

Stax

DECEMBER 13, 2023

Fortunately, in states where surcharging is legal, you can recoup these processing costs by transferring them to the cardholder. So make sure to follow all rules related to the placement, content, design, and compliance of your signage. Surcharging rules Surcharge laws and guidelines can vary from state to state.

Credit Cards 88

Credit Cards Debit Card Laws Rules 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. Our policy allows ONLY legally compliant data requests through a thorough process from law of the land to get access to data for necessary investigations,” the post said. “To

Government 43

Government Governance Law Enforcement Laws 43

PYMNTS

MARCH 16, 2017

An announcement Wednesday (March 15) said Tungsten’s entrance into the country makes it India’s first to provide compliance eInvoicing; the company’s users can now send and receive invoices across India and generate legal invoices for goods across eight states.

Government 40

Government Governance Legal Compliance 40

VISTA InfoSec

SEPTEMBER 28, 2023

Until then, businesses should adhere to existing Indian privacy laws, primarily the Sensitive Personal Data or Information Rules (SPDI) 2011. Be an individual responsible to the Board of Directors or similar governing body of the Significant Data Fiduciary. Be based in India. However, the DPDP Board has yet to be formed.

Privacy 130

Privacy Audit Data Breach Compliance 130

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 97

APACS Regulations Stablecoins Cryptocurrency 97

The Fintech Times

SEPTEMBER 6, 2024

In 2002, Macau relaxed its rules on gambling and by 2006, the country had overtaken Las Vegas to become the largest gambling destination in the world. With it supporting the only city in China where gambling is legal, much of its clientele comes from the mainland. This sentiment was shared in Macau. per cent used home broadband.

SARS 59

SARS Cross-Border Governance Government 59

PYMNTS

JANUARY 25, 2017

Supreme Court ruling Tuesday (Jan. government can begin the Brexit process. According to a report , the ruling means Prime Minister Theresa May can’t start exit talks with the EU until the MPs and their peers provide their support. government.”. 24) that Parliament has to vote on whether or not the U.K.

Rules 40

Rules Assessments Governance Government 40

PYMNTS

MARCH 3, 2020

Once those dates have passed a consumer can pay their old debts — but it is almost impossible to legally compel them to. Tightening the Rules. the debt is from outside the state’s statute of limitations for legal action). If you can’t be sued on it, why are you getting mail on it?”.

CFPB 56

CFPB Rules Consumer Financial Protection Bureau (CFPB) Consumer 56

Stax

DECEMBER 6, 2023

Businesses must be aware of and adhere to these rules to avoid legal complications and maintain their reputation. Credit card surcharging is legal in most of the US, with the exception of Connecticut, Massachusetts and Puerto Rico. Is it legal to charge surcharge fees? As for the disadvantages?

Consumer 88

Consumer Credit Cards Alternative Payment Methods Debit Card 88

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

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

PYMNTS

JANUARY 22, 2018

In addition, the regulator charged, the three operators broke laws governing commodity trading. They seem unperturbed by the thought, and seem determined to skirt whatever the government throws at them – looking, then, to foreign countries in which to trade cryptos.

Legal 49

Legal Payment APIs and Integration CFPB Money Laundering 49

PYMNTS

JANUARY 24, 2020

In a move that signals Tokyo’s concern regarding China’s effort to make a digital yuan, as well as Facebook’s Libra, a collection of ruling party legislators is crafting a proposal for Japan to create its own cryptocurrency. China is moving toward issuing digital yuan, so we’d like to propose measures to counter such attempts.”.

Digital Currency 100

Digital Currency Central Bank Cryptocurrency Governance 100

Neopay

APRIL 22, 2024

Companies House will now have greater authority to scrutinise information, impose stricter regulations on company names, and enforce new rules for registered office addresses. This necessitates a proactive approach from both new and existing company directors to ensure compliance with evolving regulatory requirements.

Laws 52

Laws Crime Due Diligence Law Enforcement 52

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

Stax

JUNE 11, 2024

Cash discounting and surcharging can be offered together but merchants need to understand their legality and ensure compliance with card brand or card network (e.g. Also, clear communication with customers about price changes is crucial for building trust and ensuring legal compliance. Visa, Mastercard, etc.) Contact us to learn more.

Debit Card 68

Debit Card Credit Cards Legal Compliance 68

PYMNTS

APRIL 11, 2019

Lawmakers in Australia are pushing for legal assistance for small businesses that find themselves in dispute with banks, reports in The Sydney Morning Herald said Wednesday (April 10). Further, the report noted, legal aid commissions fail to address the needs of small businesses in particular.

Disputes 60

Disputes Small Business Legal Rules 60