The Fintech Times

FEBRUARY 7, 2024

The UK government has set over £100million aside for researching and developing Artificial Intelligence (AI) technology, and to support regulation in the space. The government has also pledged £10million to prepare and upskill regulators to address and make the most of the opportunities presented by AI.

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Governance Government AI Regulations 112

PYMNTS

DECEMBER 6, 2020

Britain's highly anticipated report outlining new rules to govern Big Tech will call for establishing specific rules for certain sectors of the digital economy and major players within them, the Financial Times (FT) reported. Effective regulation] means not being afraid to try using new tools and approaches,” he said.

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Rules Regulations Government Governance 68

Innovative Payments Association

JUNE 26, 2024

Regulators are facing a deadline for any new rules that they want to put in place, but that deadline isn’t the election, or even the inauguration of a new president. It requires federal agencies to submit any major rule to the Government Accounting Office and to both houses of Congress before the rule goes into effect.

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Regulations Rules Laws Government 52

The Paypers

MAY 25, 2023

The government of Japan has decided to implement stricter rules for cryptocurrency transactions to comply with global regulations.

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Cryptocurrency Rules Transactions Governance 77

PYMNTS

DECEMBER 18, 2020

Treasury Department proposed sweeping new rules late Friday (Dec. 18) that the government says would make convertible digital currencies like bitcoin less attractive to criminals engaging in crimes such as ransomware attacks. The rationale for the new regulations, as the government laid out in the Federal Register, is that "U.S.

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Treasury Rules Bitcoin Ransomware 141

Fintech News

FEBRUARY 27, 2024

2023 marked a pivotal year in the Asia-Pacific (APAC) region’s approach to crypto regulation, influenced significantly by the preceding implosion of Sam Bankman-Fried’s FTX exchange and the collapse of of Terra, the algorithmic stablecoin created by Korean entrepreneur Do Kwon.

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APACS Regulations Stablecoins Cryptocurrency 101

PYMNTS

JANUARY 20, 2021

The Chinese government is preparing to crack down on what it views as antitrust behavior in the payments sector by tech giants such as Ant Group and Tencent Holdings. Payment companies that already possess state licenses will be given one year to comply with the new regulations.

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Regulations Rules Payments Non-Bank 70

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.

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Compliance Regulations Financial Crimes Non-Bank 64

Payment Savvy

MAY 11, 2023

Visa has a set of rules and regulations that govern the use of its payment network, and these rules and regulations are subject to change from time to time. In this article, we will discuss the recent visa rule changes and how they impact you.

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Rules PCI DSS Disputes Payment Networks 52

Fintech Finance

OCTOBER 24, 2024

As the government plans to regulate buy now pay later firms by 2026, more than one in ten millennials (13%) and Gen Z (11%) consumers plan to put Christmas on credit using buy now pay later apps*, RSM UK’s latest Consumer Outlook reveals. RSM UK recommends providers take the following steps to prepare for the new regulation.

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Regulations Agreements Checks Consulting 80

Neopay

JUNE 24, 2024

Earlier this month, industry body The Payments Association called on the incoming head of the Payments Systems Regulator (PSR) to delay activating new APP fraud regulations around reimbursements. Source : Payments Cards and Mobile The post New regulation on APP fraud will come into play as planned appeared first on Neopay.

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Regulations Online and Mobile Banking Rules Push-to-Card 52

Finovate

NOVEMBER 20, 2024

Fintek Securities holds an Australian Financial Services license and is regulated by the Australian Securities and Investments Commission. ” Lynch credited regulators for much of the positive sentiment in France toward crypto. The acquisition will help Crypto.com extend its services to crypto traders and investors in Australia.

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Rules Cryptocurrency Payment APIs and Integration Regulations 59

PYMNTS

JANUARY 24, 2019

The United States government is raising concerns about India’s eCommerce regulations that go into effect on Feb. The rule also prevents them from inking exclusive deals with sellers. government has told Indian government officials that the new rules will harm the investment plans of Amazon.com and Walmart, Inc.

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Rules Government Governance Regulations 55

Neopay

MARCH 25, 2024

Details As part of the fraud strategy, the government committed to explore whether to allow payment service providers, such as banks, more time to investigate suspicious payments. The government is publishing this draft legislation for technical checks and welcomes comments on this by 12 April 2024.

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Rules Government Governance Payments 52

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 were published on November 1, 2023. Latham & Watkins has advised ADGM in drafting the Regulations. Do the FSRA rules still apply?

Regulations 52

Regulations Technology Distributed Ledger Technology (DLT) Audit 52

PYMNTS

DECEMBER 3, 2019

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. The statement provides FIs with federal data that defines the legal status of hemp, as well as the U.S.

Suspicious Activity Report (SAR) 55

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

Finextra

AUGUST 1, 2024

As the banking industry chafes against upcoming rules governing payback to victims of authorised push payment fraud, the Payment Systems Regulator has released new data which shows that reimbursement for victims still depends largely on who they bank with.

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Rules Government Governance Regulations 110

International Payments Processing

DECEMBER 9, 2021

The constant evolution in the payment’s ecosystem requires major card networks like Visa to change their regulations to protect cardholders from fraud and cybercrime. Visa has updated rules that acquiring banks, merchants, and registered ISOs must follow. These regulations will help merchants reduce fees and chargeback liability.

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Rules Disputes Issuers ISOs 88

International Payments Processing

DECEMBER 9, 2021

The constant evolution in the payment’s ecosystem requires major card networks like Visa to change their regulations to protect cardholders from fraud and cybercrime. Visa has updated rules that acquiring banks, merchants, and registered ISOs must follow. These regulations will help merchants reduce fees and chargeback liability.

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Rules Disputes Issuers ISOs 88

Fintech Finance

JULY 16, 2024

The Financial Stability Board (FSB) published today, for public consultation, its proposed recommendations to promote greater alignment in data frameworks related to cross-border payments and consistency in the regulation and supervision of bank and non-bank payment service providers.

Cross-Border Payments 84

Cross-Border Payments Cross-Border Consulting Regulations 84

The Payments Association

NOVEMBER 7, 2024

However, it is also under the perception of being beset by tough legal challenges, high fraud levels, and constant scrutiny from governments trying to regulate an industry evolving at a rapid pace. The state of play Navigating the fine tightrope that is regulation and compliance often feels like a maze.

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Compliance Innovation Regulations Payments 88

The Fintech Times

JUNE 10, 2024

The Payments Association is urging for a delay in the rollout of new authorised push payment (APP) fraud rules, leveraging the recent leadership change at the Payment Systems Regulator (PSR) as a pivotal moment to push for reconsideration. The rule changes require the FPS to ensure that Pay.UK

Rules 59

Rules Payments Caps Non-Bank 59

The Fintech Times

JULY 10, 2024

Investment research budgets are increasing in 2024, particularly in the US, signalling a market rebound, but the potential implementation of the Financial Conduct Authority’ s (FCA) new payment rules could further reshape spending dynamics and competitive practices in Europe. ” What is MiFID II?

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Research Rules On-Demand Consulting 64

NFCW

OCTOBER 1, 2024

NFC TAGS: The chips are being added to ski jump suits to monitor competitors’ adherence to regulations NFC chips are to be added to competition-level ski jump suits to monitor whether competitors are adhering to regulations. The ruling follows initial tests during the summer.

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CHIPS Rules Regulations Government 101

The Fintech Times

SEPTEMBER 4, 2024

The UK’s Payment Systems Regulator (PSR) has announced a significant reduction in the maximum fraud reimbursement limit for authorised push payment (APP) scams, lowering it from £415,000 to £85,000 just weeks before new rules take effect in October. Rocio Concha, director of policy and advocacy at UK consumer body Which?,

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Regulations Scams Payments Caps 59

Fintech News

DECEMBER 18, 2023

The regulator said in a statement, “MAS has been actively engaging the remittance companies involved. While Singapore has no jurisdiction over the frozen beneficiary bank accounts, the government remains in close contact with the PRC government to facilitate the decision on account unfreezing.

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Rules Law Enforcement MFA Laws 92

PYMNTS

JANUARY 1, 2021

If 2020 was the year of streaming media, of content done a million different ways, of apps and Apple, and Google’s and Amazon’s algorithms … it was also the year of Big Tech regulation, where 2020 set the stage for a 2021 that could be seismic in changing the way companies — from Facebook to Apple to debt collectors — interact with consumers.

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Regulations FTC Federal Trade Commission Treasury 141

PYMNTS

NOVEMBER 30, 2020

The British government is establishing a new Digital Markets Unit tasked with enforcing laws that apply to Big Tech companies, such as Google and Facebook , authorities announced in a press release. The new unit, according to the government's announcement, will fall within the U.K.'s The rules are set to take effect in April.

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Rules Laws Authorization Regulations 75

PYMNTS

APRIL 3, 2019

General Services Administration (GSA) has been forced to throw out $15 billion worth of IT service contracts with small businesses (SMBs) issued last year, after the Court of Federal Claims ruled that the government incorrectly evaluated vendor bids. ” Complex Bidding Process.

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Government Governance Rules Small Business 43

Fintech Review

OCTOBER 22, 2024

Cryptocurrencies have rapidly gained prominence over the last decade, presenting both opportunities and challenges for individuals, businesses, and regulators alike. Governments are still grappling with how best to tax digital assets, creating regulatory hurdles and uncertainties for taxpayers globally.

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Cryptocurrency Laws IRS Regulations 97

Finovate

MAY 6, 2024

From the perspective of an onlooker, it appeared that regulators were issuing the consent orders to make examples out of certain players in the industry, foregoing formal BaaS regulation. Regulators’ New Resource on BaaS Relationships is Disappointing appeared first on Finovate.

Regulations 52

Regulations Community Banks FDIC Due Diligence 52

The Payments Association

OCTOBER 22, 2024

The current safeguarding requirements are contained in the Payment Services Regulations 2017 (“PSRs”) and the Electronic Money Regulations 2011 (“EMRs”). In January 2023, HM Treasury issued the “Payment Services Regulations: Review and Call for Evidence ” (“HM Treasury PSRs Review”).

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Consulting Rules Treasury Due Diligence 88

VISTA InfoSec

OCTOBER 21, 2024

A data protection officer role is to act as a bridge between organizations, its employee, and the regulatory authorities ensuring that the handling of personal data is safe, lawful and in line with regulations like GDPR (General Data Protection Regulation). Additional Responsibilities of DPO (As seen in other Regulations) 1.

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CCPA Privacy Laws Data Breach 130

Global Fintech & Digital Assets

DECEMBER 18, 2023

By Jenny Cieplak , Parag Patel , Barrie VanBrackle , and Deric Behar On November 7, 2023, the Consumer Financial Protection Bureau (CFPB) proposed a rule, Defining Larger Participants of a Market for General-Use Digital Consumer Payment Applications (the Proposal), to supervise large providers of digital wallets and payment apps.

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CFPB Regulations Consumer Financial Protection Bureau (CFPB) Non-Bank 75

Neopay

NOVEMBER 27, 2023

The Financial Conduct Authority (FCA) and the Bank of England (the Bank) are requesting feedback on their proposed approach to regulating stablecoins. The proposals to regulate stablecoins aim to protect consumers, prevent money laundering with a robust set of rules and to safeguard financial stability.

Stablecoins 52

Stablecoins Regulations Money Laundering Authorization 52

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.

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Government Governance Rules Regulations 43

Innovative Payments Association

DECEMBER 21, 2023

The regulators seem to want to put coal in the stockings of payments companies this year. Over the past few weeks, regulators have released a variety of regulations that could reshape the payments industry and have plans for more in the new year. We also talk about what the regulators say is on their agenda for 2024.

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Governance Government Regulations Rules 40