Fintech News

AUGUST 25, 2024

According to DealStreetAsia , this move comes as the company faces ongoing investigations and legal challenges from lenders. Concerns escalated after co-founder Adrian Gunadi was dismissed in January amid fraud and contract breach allegations, leading to legal action and his removal as director.

Legal 111

Legal Disputes Law Enforcement P2P 111

VISTA InfoSec

OCTOBER 21, 2024

They are appointed based on article 37 of GDPR, and help organizations stay compliant with data protection laws by overseeing data security policies, monitoring internal compliance, and providing expert advice for staffs managing the potential data privacy risks. Internal vs. External DPO: Who is Better?

CCPA 208

CCPA Privacy Assessments Laws 208

The Fintech Times

MAY 14, 2024

Communications, marketing and legal teams are all seeing transformative change due to gen AI integration. Legal: Klarna’s lawyers are using ChatGPT Enterprise to create the first draft of common types of contract, massively reducing the time it takes to draw up a contract. per cent, 87.9 per cent, and 86.4 per cent respectively.

Legal 116

Legal AI Payment Networks Global Payments 116

Payments Dive

MAY 23, 2024

“All parties in the payments ecosystem would benefit greatly from state laws that provide clarity and consistency between jurisdictions,” write two legal professionals.

Legal 88

Legal Credit Cards Laws Payments 88

Stax

MAY 21, 2024

We’re seeing a similar trend in the legal industry, where law firms rely on case management systems to run their businesses. If you’re selling law practice management systems to law firms, you’re definitely not alone. Legal technology handles billables, case management, and document management.

Laws 88

Laws Legal Process Product 88

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

Clearly Payments

OCTOBER 30, 2024

Local tax laws : Some countries impose a VAT or other taxes on foreign merchants. Understanding tax obligations in each market is crucial to prevent legal and financial issues. Require strong customer authentication : Two-factor authentication can reduce fraud risks, especially in regions where it’s legally required.

International Payments 105

International Payments Process Multi-Currency Cross-Border 105

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

VISTA InfoSec

MARCH 28, 2024

Data Minimization Data minimization means collecting only the information you absolutely need to serve your customers or comply with legal requirements. For example, if you’re only shipping products, you might not need to collect customers’ birthdates unless it’s relevant for legal age verification.

Data Breach 278

Data Breach Regulatory Compliance Breach Encryption 278

Stax

DECEMBER 20, 2023

This article explores the legal landscape surrounding surcharges, shedding light on the intricacies of state and federal laws and strategies for small businesses to manage processing costs. TL;DR Card brands such as Visa and MasterCard along with state and federal laws prohibit debit card surcharging. Get in touch!

Debit Card 88

Debit Card Legal Credit Cards Processing Costs 88

The Payments Association

JANUARY 13, 2025

2) End-state safeguarding rules: Statutory trust implementation: Relevant funds will be held under a statutory trust, providing additional legal protection for customers in the event of a firms insolvency. However, this introduces new complexities, including increased legal obligations and potential delays in fund distribution.

Compliance 88

Compliance Audit Legal Reconciliation 88

Payments Dive

APRIL 25, 2022

Banks have long complained that fintechs are able to offer many of the same financial services without abiding by the same laws. In an effort to level the playing field, the Consumer Financial Protection Bureau said Monday it would invoke a largely unused legal provision.

CFPB 148

CFPB FinTech Legal Laws 148

Fi911

JANUARY 4, 2024

Well, from a legal standpoint, there’s actually quite a lot. What Laws Govern Chargebacks in the US? What Laws Govern Chargebacks in the US? Certain regulations known as “chargeback rules” are, in fact, based on legal statutes. While they are not legal mandates, they are enforced with the same rigor.

Disputes 92

Disputes Laws Rules Governance 92

VISTA InfoSec

SEPTEMBER 30, 2024

To overcome these challenges, data protection laws are established. Data protection laws safeguard personal information and establish important guidelines on collection, storage, processing, sharing and disposal of personal data. and PDPA in Singapore that reflects the growing need for privacy specialists in organizations.

CCPA 130

CCPA Privacy Laws Data Breach 130

VISTA InfoSec

OCTOBER 21, 2024

To overcome these challenges, data protection laws are established. Data protection laws safeguard personal information and establish important guidelines on collection, storage, processing, sharing and disposal of personal data. and PDPA in Singapore that reflects the growing need for privacy specialists in organizations.

CCPA 130

CCPA Privacy Laws Data Breach 130

EBizCharge

DECEMBER 2, 2024

When used legally, the dual pricing approach can help businesses navigate the complexities of processing fees and empower consumers to make informed decisions at the point of sale (POS). For businesses, it provides a legal way to manage the hefty credit card processing costs and maintain competitive pricing for cash-paying customers.

Process 52

Process Credit Cards Legal Point-of-Sale (POS) 52

The Payments Association

FEBRUARY 10, 2025

This legislation represents a significant shift in corporate accountability, aiming to strengthen the UKs legal framework against financial crime. Voices from the industry Businesses subject to the Failure to Prevent Fraud offence must understand their legal obligations under the new law.

Crime 88

Crime Fraud Prevention Risk Assessment Due Diligence 88

The Fintech Times

MARCH 14, 2024

Consequently, Dubai International Financial Centre (DIFC), the global financial centre in the Middle East, Africa and South Asia (MEASA) region, has enacted a Digital Assets Law as well as amended existing legislation. Law of Security – DIFC Law No. 3 of 2024, to cater to specific issues arising in relation to this asset class.

Laws 69

Laws Legal Legal Framework Cross-Border 69

Payments Dive

JANUARY 7, 2025

Both companies provide services to law firms worldwide, and the acquirer, Elite, says the merger will help expand its product offerings.

Acquirers 78

Acquirers Legal Laws Payments 78

VISTA InfoSec

JULY 17, 2024

Navigate legal and regulatory frameworks Dealing with laws and rules about cybersecurity in different countries is a must. Each of these sets its own rules on handling personal information safely and legally. You need to know these laws well because they affect how you manage cybersecurity when dealing with multiple languages.

Cybersecurity 238

Cybersecurity Compliance Encryption Best Practices 238

VISTA InfoSec

SEPTEMBER 27, 2024

They are appointed based on article 37 of GDPR , and help organizations stay compliant with data protection laws by overseeing data security policies, monitoring internal compliance, and providing expert advice for staffs managing the potential data privacy risks. Internal vs. External DPO: Who is Better?

CCPA 130

CCPA Privacy Assessments Laws 130

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. . District Court of the Southern District of New York.

Legal 130

Legal Settlement Cryptocurrency Bitcoin 130

Fintech News

MARCH 19, 2025

The Competition and Consumer Commission of Singapore (CCCS) acknowledged media reports on the possible deal and advised the companies to seek legal counsel to ensure compliance with Singapore’s competition laws. The regulator remains open to discussions through its merger notification and pre-notification processes.

Regulations 67

Regulations Due Diligence Caps Mitigation 67

Fintech News

JULY 28, 2024

They highlighted issues such as the merging of pension payments with severance packages, which they argue might not comply with Indonesian legal standards. The union also criticised the severance pay formula for not including a fixed benefit component, which is typically required under local labor laws.

Legal 114

Legal Agreements Laws Acquirers 114

Fintech News

MAY 27, 2024

This review is required by the Act on Legislative Drafting and Evaluation of Law B.E. 2562 (2019), which mandates regular evaluations of laws. The consultation paper is available on the SEC’s website and the central legal hub. The goal is also to increase investor confidence in digital assets. or dpsec@sec.or.th.

Laws 116

Laws Legal Consulting Addressing 116

Stax

APRIL 4, 2024

In this article, we’ll learn about the benefits of credit card surcharging and also delve into the legalities and guidelines for levying a surcharge. Credit card surcharging is legal in most U.S. Credit card surcharging is legal in most U.S. This is called dual pricing, which is legal in all the U.S.

Credit Cards 68

Credit Cards Legal Laws Rules 68

VISTA InfoSec

AUGUST 22, 2023

Key Principles of GDPR That Are Essential for Data Protection: Transparent, fair, and lawful processing: Organizations must process biometric data in a transparent and lawful manner, informing individuals of the purpose and relevant details. Use beyond the original purposes requires explicit consent or legal justification.

Privacy 130

Privacy Compliance Legal Best Practices 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

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 News

APRIL 22, 2024

This move aims to enhance law enforcement efficiency and prevent the laundering of money obtained through illegal activities. Previously, the SEC has taken legal actions against unauthorised operators soliciting digital asset services within Thailand, including high-profile cases involving foreign platforms like Binance and Bybit.

Blocks 113

Blocks Law Enforcement Money Laundering Crime 113

VISTA InfoSec

FEBRUARY 25, 2024

You may face legal/regulatory penalties for violating disclosure laws. Business Intelligence Email inboxes, including attachments/metadata, contracts, strategic plans, product designs/code, proprietary research, trade secrets, intellectual property like patents, and confidential memos/documents.

Data Breach 272

Data Breach Breach Multifactor Authentication Cybersecurity 272

Neopay

DECEMBER 4, 2024

Addressing these issues effectively requires organisations to share personal information responsibly, ensuring compliance with data protection laws while prioritising public safety. Misconceptions about data protection laws can lead to reluctance among organisations, potentially allowing criminals to exploit these gaps.

Scams 52

Scams Fraud Prevention Laws Assessments 52

PYMNTS

JULY 5, 2020

It’s intended to “enhance the availability of financial services and the financial transparency of hemp-related businesses in compliance with federal law,” the notice said. Hemp, a strain of cannabis with lower concentrations of THC, the substance that makes users high, was legalized in 2018.

Treasury 140

Treasury Office of the Comptroller of the Currency Fincen Financial Crimes 140

EBizCharge

MARCH 14, 2025

Customers should be able to grasp the terms without needing a legal background. Legal advice: Legal experts can help clarify terms, avoid vague language that may lead to misunderstandings, and ensure that the policy aligns with applicable refund and return laws. Can you get around a no-refund policy?

Returns 52

Returns Disputes Legal Non-Bank 52

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 Legal Processors 130

The Fintech Times

FEBRUARY 19, 2025

As we look ahead, we will continue collaborating with our clients and industry, develop infrastructure, evolve laws and regulations, and nurture innovation to ensure we continue enhancing Dubais reputation as the regions number one global financial centre.

AI 75

AI FinTech Laws Authorization 75

Synapse Payment Systems

NOVEMBER 9, 2022

They may cause legal trouble. While credit card surcharge laws vary by state , they are legal in most places. Only Massachusetts and Connecticut don’t allow them, but many other states have attempted laws that were later found unenforceable. Implement a minimum purchase amount.

Credit Cards 130

Credit Cards Processors Legal Laws 130