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 Government Governance 121

Fintech Finance

JULY 19, 2024

The Consumer Financial Protection Bureau (CFPB) has proposed an interpretive rule explaining that many paycheck advance products, sometimes marketed as “earned wage” products, are consumer loans subject to the Truth in Lending Act. When the paycheck advance product is no-fee and truly free to the employee, many requirements would not apply.

CFPB 105

CFPB Rules Product Consumer Financial Protection Bureau (CFPB) 105

Global Fintech & Digital Assets

OCTOBER 31, 2023

Licensees, exchanges, and other market participants should prepare to comply with the listing, disclosure, capital, and other requirements that the new law imposes. Issuing a digital asset does not in itself require licensure, unless such asset is redeemable for legal tender, bank credit, or another digital asset.

Laws 52

Laws Stablecoins Issuers Legal 52

PYMNTS

NOVEMBER 1, 2020

In Apple 's annual report , the tech giant discussed the impact that various legal proceedings and new regulations around the world could have on its operations and financial conditions. Those could lead to changes in the company's practices or further legal proceedings, the report stated. The issue, according to the U.S.

Legal 94

Legal Regulations Consumer Protection Privacy 94

PYMNTS

DECEMBER 10, 2020

The legal framework for digital services has been largely unchanged in the region for about 20 years. That’s even as “repressive regimes around the world use draconian legal frameworks to stifle online freedoms.”. Strict rules must be enforceable,” he said.

Rules 90

Rules Legal Framework Legal Regulations 90

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. Navigate legal and regulatory frameworks Dealing with laws and rules about cybersecurity in different countries is a must.

Cybersecurity 186

Cybersecurity Compliance Encryption Best Practices 186

PYMNTS

JANUARY 23, 2019

3 Super Bowl approaches — heaven for football fans and gamblers, including bettors who make wagers via online channels — federal authorities have brought a new level of uncertainty into the prospect of those legal bets. Now, at least eight states have some form of legal online sports betting, with more states moving toward that goal.

Legal 57

Legal Wires Wire Rules 57

Nanonets

SEPTEMBER 16, 2024

Consider the volume of contracts that businesses typically deal with, the effort required to manually review dense unstructured legal information, and the (legal) expertise required to interpret the data within contracts. legal documents and contracts often use complex language, industry-specific terminology and ambiguous legalese.

Legal 59

Legal AI Payment APIs and Integration Agreements 59

PYMNTS

NOVEMBER 18, 2019

Legislation in California that aims to expand worker protections for so-called gig economy workers has led to a debate in the state’s freight services market and a lawsuit hoping to block the law. Critics of the law say it will render those independent owner-operators unable to operate, likely leading to supply chain disruptions.

Laws 40

Laws Legal Continuity Blocks 40

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

Stax

FEBRUARY 28, 2024

If you’re not sure where to start, keep reading to find out the benefits of implementing surcharging, how to ensure legal compliance, and how you can use technology for smooth sailing in the surcharging landscape. Surcharge rules do differ from state to state. Also, be sure to check your local rules and follow them.

Credit Cards 88

Credit Cards Debit Card Legal Laws 88

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

SEPTEMBER 10, 2019

An open letter to Congress asking for a consumer data privacy law was signed by 51 CEOs across tech and other industries, CNBC reported on Tuesday (Sept. Executives from the Business Roundtable said in the letter that putting a federal law in place is important and necessary to protect American consumers while also ensuring that the U.S.

Privacy 47

Privacy Laws Federal Trade Commission FTC 47

PYMNTS

JUNE 17, 2020

In the United Kingdom, and for the payment network giants in the decades-long legal battle over interchange fees — next stop, trial court? Sainsbury’s will now be seeking to recover the full amount of the unlawful charges it has incurred,” Murphy said, in the wake of the ruling. ruling on Wednesday was not a final one.

Legal 60

Legal Visa Issuers Acquirers 60

PYMNTS

DECEMBER 23, 2019

One such area in which instant payments remain out of reach is the legal system, as claimants still largely receive their settlements or disbursements via check. These paper-based payment methods can inconvenience customers and cause frictions, but law firms and their supporting partners are often hamstrung when it comes to replacing them.

Legal 52

Legal Instant Payments Checks Settlement 52

EBizCharge

JULY 25, 2024

Understanding the purpose behind credit card surcharge signs is crucial since they’re used to inform customers while ensuring businesses adhere to legal standards. Surcharging legal rules Surcharging fees are regulated by major card brands like Visa, American Express, and other credit card companies.

Best Practices 52

Best Practices Credit Cards Compliance Debit Card 52

Stax

DECEMBER 13, 2023

However, you must keep in mind several federal and state laws as well as credit card network guidelines (e.g. Fortunately, in states where surcharging is legal, you can recoup these processing costs by transferring them to the cardholder. Surcharging rules Surcharge laws and guidelines can vary from state to state.

Credit Cards 88

Credit Cards Debit Card Laws Rules 88

PYMNTS

FEBRUARY 14, 2020

There’s a saying in jurisprudence: Hard cases make bad law. Early this week, a judge denied a request from Uber and Postmates to halt the enforcement of a new California labor law — known as AB5 , which was voted into law last year — that would place new restrictions on gig economy workers. New Economy and Old Laws.

Rules 64

Rules Laws Economy Governance 64

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 98

Cross-Border Payments Cross-Border Consulting Regulations 98

PYMNTS

OCTOBER 29, 2020

The European Union’s (EU) second-highest court ruled that Facebook can’t be forced to turn over sensitive information without a review. The ruling follows Facebook’s complaint in July that EU regulators were making excessive demands for sensitive data, beyond what was necessary. “The billion.

Rules 56

Rules Federal Trade Commission FTC Legal 56

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. By Yvette D.

NFTs 52

NFTs Laws Cryptocurrency Rules 52

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

Stax

JANUARY 24, 2024

Once you have ensured that surcharges are permissible by law in your state, you must meet card brand guidelines for compliance. The state law, however, determines the final percentage. However, card companies as well as federal and state laws put limits on surcharges. Getting it wrong could mean risking a fine or penalty.

Credit Cards 88

Credit Cards Laws Legal Processing Costs 88

Stax

JANUARY 24, 2024

Once you have ensured that surcharges are permissible by law in your state, you must meet card brand guidelines for compliance. The state law, however, determines the final percentage. However, card companies as well as federal and state laws put limits on surcharges. Getting it wrong could mean risking a fine or penalty.

Credit Cards 88

Credit Cards Laws Legal Processing Costs 88

PYMNTS

JANUARY 10, 2019

A court in Germany handed down a harsh ruling about Amazon’s Dash buttons on Thursday (Jan. According to German law, a transaction must provide info on price and characteristics or delivery details. Daniel Widmann, a technology law expert at Pinsent Masons, said in 2016 that this could cause trouble for the company.

Laws 57

Laws Consumer Consumer Protection Rules 57

PYMNTS

JULY 17, 2018

Employees hit with costs to make purchases with their payroll cards, withdraw cash at ATMs, check balances and other everyday banking needs are fighting back against those fees, and introducing new conversations about the legal language of “lawful money,” employee protections and beyond. The rules become effective Jan.

Payroll 40

Payroll Legal Laws Debit Card 40

PYMNTS

JUNE 7, 2019

19, 2019 compliance date for the mandatory underwriting provisions for its short-term, small-dollar (payday) rule, according to various reports. The CFPB is also correcting several errors in the rule. The Bureau of Consumer Financial Protection (CFPB) has delayed the Aug. Compliance is being delayed 15 months, to Nov.

CFPB 53

CFPB Underwriting Rules Credit Union 53

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

VISTA InfoSec

SEPTEMBER 28, 2023

Now, this individual could be anyone, but there are a couple of special cases to consider: If the individual is a child, then the ‘Data Principal’ also includes the child’s parents or their lawful guardian. If the individual has a disability, then the ‘Data Principal’ includes their lawful guardian who is acting on their behalf.

Laws 130

Laws Privacy Authentication Authorization 130

The Fintech Times

MAY 30, 2024

As regulatory and law enforcement agencies across the globe are doggedly seeking to assert jurisdiction over the crypto industry, many companies have come under intense scrutiny in recent years due to many cases of compliance violations. Nataly Medici , chief financial officer of neobank Keytom explores what firms can do.

Compliance 64

Compliance Security Legal Blockchain 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

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. There may also be caps or regulations on these fees depending on local laws.

Consumer 88

Consumer Credit Cards Alternative Payment Methods Debit Card 88

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. The Software Freedom Law Center (SFLC) based in New Delhi said in a report published Tuesday that more than 100,000 telephone interceptions are issued by the federal government alone every year. “On

Laws 40

Laws Governance Government NOV 40

PYMNTS

DECEMBER 26, 2018

The paper reported the government is mulling replacing its foreign investment law, which industries can have foreign investors and partners and the conditions in which foreign companies can enter the market. More needed than simple rule changes.

Rules 43

Rules Laws Government Governance 43

PYMNTS

NOVEMBER 17, 2016

merchants are calling on Visa to provide steps to remedy what they say is violation of rules regarding EMV. The group said the Federal Reserve declared no payment card network can directly or indirectly force retailers to deploy technology or enforce rules that inhibit merchants’ routing choice.

EMV 73

EMV Rules Federal Trade Commission Federal Reserve 73

PYMNTS

MARCH 25, 2019

A federal judge late last week ordered a stay on the August 2019 compliance date tied to the “ payday lending rule ” mandated roughly two years ago by the Consumer Financial Protection Bureau (CFPB). The rule also had another component, focused on how often a lender can try to debit payments from a customer’s bank account.

CFPB 51

CFPB Rules Consumer Financial Protection Bureau (CFPB) Credit Union 51

Open Banking Excellence

NOVEMBER 14, 2023

Together, these new rules will enable Europe to push forward into Open Finance – the next stage of Open Banking. Their impact will be augmented and enhanced by a third set of rules, the Financial Data Access (FIDA) framework. Clearly, the PSD3 and its companion rules will not come into force in post-Brexit Britain.

Non-Bank 130

Non-Bank Rules Authentication Regulations 130