The Payments Association

OCTOBER 30, 2024

Compliance in payment communications is essential for trust and security; AI-driven solutions and customised frameworks help businesses meet regional regulations, ensuring secure global operations. Ensuring that communications comply with global regulations is essential for protecting a business’s reputation and operations.

Regulations 100

Regulations Cross-Border Compliance Fraud Prevention 100

Fintech News

OCTOBER 22, 2024

In addition to the license revocation, Investree is prohibited from transferring or obscuring company assets, except for fulfilling legal obligations, and must resolve employee rights in line with employment laws. The regulator shared that asset tracing and potential legal proceedings are underway.

Legal 84

Legal Laws Authorization Addressing 84

The Payments Association

DECEMBER 2, 2024

2024 reshaped payments with instant payment mandates, crypto regulations, and enhanced consumer protection driving innovation and security. In 2024, payments regulation underwent seismic shifts, with reforms spanning fraud prevention, digital innovation, and consumer protection, collectively redefining the industry’s future.

Regulations 88

Regulations Instant Payments Consumer Protection Payments 88

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. This transition is currently in progress.

APACS 96

APACS Regulations Stablecoins Cryptocurrency 96

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 93

Cross-Border Payments Cross-Border Consulting Regulations 93

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. Learn More Are Debit Card Surcharges Legal? Let’s start with the elephant in the room: are debit card surcharges legal?

Debit Card 88

Debit Card Legal Credit Cards Processing Costs 88

VISTA InfoSec

OCTOBER 21, 2024

Their key responsibilities as per article 39 of GDPR include: Guiding the controller, processor, and employees on their data protection obligations under relevant regulations, such as GDPR, CCPA, and others. Strong communication skills to easily convey technical and legal concepts to the stakeholders, regulators, and employees.

CCPA 178

CCPA Privacy Assessments Laws 178

Fintech Finance

SEPTEMBER 17, 2024

The work looked at various technical, legal and business case questions surrounding the development of a ‘platform for innovation’ and the main conclusions are: Such a platform, in collaboration with other important initiatives such as Open Banking, could deliver economic value and support innovation in the market.

Regulations 94

Regulations Finance Settlement Legal 94

The Fintech Times

JULY 15, 2024

In this article, Akshata Namjoshi, Kabir Kuma, and Ahlam Faouzi from KARM Legal Consultants , the emerging technologies-focused law firm, provide an in-depth analysis of the UAE’s regulatory landscape for stablecoins. A unique characteristic of FSRA’s regulatory framework is the regulation and licensing of the issuance of fiat tokens.

Stablecoins 96

Stablecoins Regulations Multi-Currency Issuers 96

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

Fi911

JANUARY 4, 2024

Well, from a legal standpoint, there’s actually quite a lot. We will provide insight into how these regulations differ between card schemes, and help financial institutions to better understand the dispute process from all sides. Certain regulations known as “chargeback rules” are, in fact, based on legal statutes.

Disputes 87

Disputes Laws Rules Government 87

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.

CCPA 130

CCPA Privacy Laws Data Breach 130

PYMNTS

JULY 5, 2020

The nation’s marijuana regulator has told financial institutions to treat the $500 million hemp businesses the same way they would any other businesses. 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

The Fintech Times

SEPTEMBER 12, 2024

However, it is key not to forget the role of the regulator. Despite this, the UK regulator didn’t hand out any fines or punishments, prompting us to ask if tougher penalties or consequences would lead to better outcomes. Should regulators impose tougher penalties on firms that fail to comply?

Compliance 64

Compliance Regulations Financial Crimes Non-Bank 64

Finextra

JANUARY 2, 2025

The US Internal Revenue Services (IRS) and Treasury are facing legal action from a number of blockchain trade groups over newly introduced rules for crypto brokers.

IRS 64

IRS Blockchain Regulations Treasury 64

Finovate

JANUARY 24, 2025

On the other hand, tighter regulations come with higher compliance costs and can limit the flexibility thats often critical for driving rapid innovation. One early issue will be compliance with the Instant Payments Regulation (IPR). In terms of new open banking regulations, what are your expectations? What is this policy about?

Regulations 73

Regulations FinTech BNPL Cross-Border 73

VISTA InfoSec

AUGUST 22, 2023

The General Data Protection Regulation (GDPR) plays a key role in safeguarding individuals’ privacy rights and ensuring the responsible handling of biometric data. Use beyond the original purposes requires explicit consent or legal justification. was fined EUR 20 million by the Italian SA for violating several GDPR regulations.

Privacy 130

Privacy Compliance Legal Best Practices 130

VISTA InfoSec

SEPTEMBER 14, 2023

If your business engages with these customers, it is subject to the EU’s General Data Protection Regulation (GDPR). This extensive data privacy regulation has an impact on many U.S. Yes, companies in the US, as well as US companies inside of the EU, are bound by the GDPR’s regulations. entities due to its extraterritorial reach.

Compliance 130

Compliance Privacy Processors Legal 130

The Payments Association

JANUARY 13, 2025

Firms must invest in compliance, adapt workflows, and advocate for fair regulations. 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. What’s next?

Compliance 88

Compliance Audit Legal Reconciliation 88

VISTA InfoSec

JUNE 26, 2024

Non-compliance with regulations like GDPR, HIPAA, and CCPA can have severe repercussions, including hefty fines and operational restrictions. Industries with stringent regulatory requirements, such as finance and healthcare, particularly benefit from strong cybersecurity, as compliance avoids legal penalties. 5 / 5 ( 1 vote )

Cybersecurity 256

Cybersecurity Due Diligence Security Risk Management 256

VISTA InfoSec

MAY 2, 2024

Regular audits and updates ensure your systems comply with industry regulations, offering you peace of mind and protecting your critical business information. By utilizing advanced security technologies and methodologies, providers ensure that your business adheres to relevant regulations and standards.

Cybersecurity 130

Cybersecurity Legal Compliance Best Practices 130

Fintech Finance

JUNE 21, 2024

Shieldpay , the payments partner for the legal sector, is working with KPMG Law UK (part of KPMG LLP) to provide payments services for its high value, complex client transactions. They have an innovative and ambitious approach to legal services, reflecting the changing needs of businesses and the evolution of the sector.

Laws 97

Laws Legal Mitigation Payments 97

The Fintech Times

JUNE 29, 2024

The first stage of the European Union ‘s Markets in Crypto Assets Regulation (MiCA) will come into play on 30 June. In terms of market surveillance, the MiCA regulation is based upon requirements set out in the EU’s Market Abuse Regulation (MAR).

Stablecoins 138

Stablecoins Regulations Compliance Cryptocurrency 138

PYMNTS

JANUARY 8, 2021

16, Massachusetts securities regulators filed a complaint against Robinhood alleging that the company aggressively marketed to inexperienced investors and failed to implement controls to protect them, violating state laws and regulations. Last May, Robinhood hired former SEC Commissioner Dan Gallaher as its chief legal officer.

Settlement 145

Settlement Legal Regulations FinTech 145

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. 5 - (2 votes)

Data Breach 130

Data Breach Breach Law Enforcement Cybersecurity 130

PYMNTS

AUGUST 3, 2020

The paper cited documents and “Italian legal sources” in its story about the organized crime syndicate ’Ndrangheta and CenturionBet, an online gaming company based in Malta. It is unclear whether the bank knew its services were being used to skirt anti-money laundering regulations, the paper reported.

Money Laundering 144

Money Laundering Crime Legal Authorization 144

Clearly Payments

OCTOBER 30, 2024

Overview of International Payment Processing At its core, international payment processing involves handling transactions across borders , where factors like currency conversion, payment method preferences, and local regulations come into play. Understanding tax obligations in each market is crucial to prevent legal and financial issues.

International Payments 80

International Payments Process Multi-Currency Cross-Border 80

VISTA InfoSec

JULY 17, 2024

Navigate legal and regulatory frameworks Dealing with laws and rules about cybersecurity in different countries is a must. Think about the various regulations around the world. Each of these sets its own rules on handling personal information safely and legally. Also, pick the software that supports various languages.

Cybersecurity 231

Cybersecurity Compliance Encryption Best Practices 231

The Fintech Times

DECEMBER 14, 2024

Enhancing regulation ADGM showcased a series of recent regulatory enhancements during Fintech Abu Dhabi which were well received by the delegates. .” Through a series of thought-provoking sessions and high-profile forums, Fintech Abu Dhabi highlighted key trends within this sector.

AI 64

AI Regulations Finance Cross-Border 64

Global Fintech & Digital Assets

DECEMBER 18, 2023

Whether a judicial ruling or persistent legal challenges will delay implementation of this Proposal (or others) remains to be seen. The Proposal also excludes certain types of transactions, including the following: International payments or money transfers (e.g.,

CFPB 75

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

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.

Compliance 88

Compliance Innovation Regulations Payments 88

Open Banking Excellence

MAY 2, 2024

Innovation and the business environment in Georgia With fintech and Open Banking, we have a chance to act as a hub to enable the flow of data and the transmission of best practices on standards and regulations. Businesses are empowered to more easily and efficiently navigate the regulator landscape. With a population of just 3.7

Interoperability 147

Interoperability Payment APIs and Integration Central Bank Cross-Border 147

Fintech News

MARCH 31, 2024

With this regulation, future crypto companies will need to have their products or new business models vetted within the sandbox to ensure legality and compliance. Those failing to comply will be deemed unlicensed or illegal.

Consumer Protection 91

Consumer Protection Risk Management Regulations Legal 91

The Payments Association

DECEMBER 9, 2024

The upcoming changes in cryptocurrency regulation and its impact on payment services, focusing on the UK’s approach compared to the EU. The UK government and the FCA will further develop and implement these regulations through consultations and legal frameworks, aiming for a comprehensive rollout by 2026.

Stablecoins 88

Stablecoins Rules Consulting Regulations 88

Stax

DECEMBER 20, 2023

Please note there are many other categories not covered in this table, including variations by card type, business type, whether the bank is regulated or exempt, and more. Beyond the card type (debit, or the various kinds of credit cards), you’ll also see “exempt” or “regulated” which indicate different fees for debit cards.

Credit Cards 167

Credit Cards Debit Card Processors Non-Bank 167

The Payments Association

NOVEMBER 12, 2024

In his new role, Martin will play an instrumental part in continuing to grow the firm’s presence in the sector and enhancing its innovative solutions to continue to support clients with every day legal needs, business critical projects and every touchpoint in between.

Cross-Border 88

Cross-Border Disputes Legal Laws 88

Stax

FEBRUARY 5, 2024

They can be variable or fixed, depending on company policy, industry standards, and local regulations. They can be variable or fixed, depending on company policy, industry standards, and local regulations. Governments impose regulations to protect the public’s interests and promote fair corporate practices.

Credit Cards 88

Credit Cards Legal On-Demand Regulatory Compliance 88