Clearly Payments

NOVEMBER 13, 2024

This routing allows the processor to request authorization for the transaction from the issuing bank, which then approves or denies it based on factors like available funds and fraud checks. Routing : The payment processor routes the transaction request to the appropriate issuing bank for authorization.

Process 104

Process Processors Payments Compliance 104

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. However, GDPR is the regulation most closely tied to the formalization of the DPO role.

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. However, GDPR is the regulation most closely tied to the formalization of the DPO role.

CCPA 130

CCPA Privacy Laws Data Breach 130

PYMNTS

MARCH 2, 2020

The bill mandates that tech firms get authorization from New Jersey consumers before collecting and selling information to third parties. New Jersey joins Washington, Illinois and other states and regions in introducing data privacy laws. Retailers of all sizes will be forced to prepare for new, stricter regulations.

Privacy 99

Privacy Regulations Laws Agreements 99

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. Working closely with the supervisory authority on processing-related matters.

CCPA 208

CCPA Privacy Assessments Laws 208

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.

APACS 132

APACS Regulations Stablecoins Cryptocurrency 132

Fintech News

DECEMBER 18, 2024

OJK Strengthens Crypto Oversight with New Regulatory Sandbox Mandate The Indonesian Financial Services Authority (OJK) has mandated that all financial institutions launching new products, including those related to crypto assets, must participate in a regulatory sandbox. trillion (US$73.3

FinTech 116

FinTech Law Enforcement Financial Literacy Innovation 116

Stax

DECEMBER 2, 2024

Several new laws seek to ban “drip pricing” or “junk fees,” and their uncertain meaning has resulted in confusion among merchants and acquirers. What are drip pricing laws? This language is from California’s “Honest Pricing Law,” also known as SB 478 , which went into effect on July 1, 2024.

Junk Fees 68

Junk Fees Credit Cards Push-to-Card Laws 68

The Payments Association

FEBRUARY 10, 2025

Payment Service Providers must strengthen due diligence, monitoring, and collaboration with regulators to address these risks. Regulatory reviews from the Bank of Italy, UIF, and the European Banking Authority (EBA) have identified key shortcomings in the management of vIBANs. What’s next?

IBAN 88

IBAN AML Master Account Due Diligence 88

The Payments Association

JANUARY 13, 2025

It addresses how evolving regulations shape the digital asset landscape, influencing innovation, compliance, and global competitiveness. As is the nature of the regulation, the regulatory landscape for digital assets in the UK is proving to mark a pivotal moment for the payments sector. What’s next?

Legal 88

Legal Stablecoins Cross-Border Due Diligence 88

The Fintech Times

JUNE 10, 2025

Aligned with Dubai’s Economic Agenda D33, the Dubai Financial Services Authority (DFSA) has announced the release of its Business Plan for 2025 to 2026, looking to advance regulatory excellence and innovation within the Dubai International Financial Centre (DIFC). If you think about globally systemically important banks, there are 29 of them.

Regulations 45

Regulations Risk Innovation Compliance 45

Fintech News

JANUARY 21, 2025

The Financial Services Authority ( OJK ) of Indonesia has issued a new regulation to govern Alternative Credit Ratings (PKA), also known as Innovative Credit Scoring (ICS). The new regulation responds to the growing use of technology in financial services.

Regulations 89

Regulations Consumer Protection Compliance Governance 89

Fintech News

JUNE 5, 2025

Singapore has taken a definitive step forward in digital asset regulation via its Singapore DTSP licensing framework. The Monetary Authority of Singapore (MAS) released its final position on the proposed regulatory regime for Digital Token Service Providers (DTSPs), under the Financial Services and Markets Act 2022, a week ago.

Money Laundering 84

Money Laundering Due Diligence Cross-Border Rules 84

The Fintech Times

NOVEMBER 27, 2024

The Financial Conduct Authority (FCA) has unveiled a roadmap outlining key dates for the development of its ‘crypto regime’, as it aims to introduce a clear regulatory framework for the UK’s crypto industry. However, we can’t rely on regulation alone to drive sector maturity and crypto firms must also take responsibility.

Regulations 112

Regulations Stablecoins Risk Consulting 112

Fintech News

APRIL 3, 2025

What started as a consumer-friendly alternative to traditional credit is becoming a more concrete financing solution in the digital payments ecosystem, particularly in emerging markets like BNPL regulation in Asia. Regulators are stepping in to impose stricter consumer protection measures, aiming to curb overspending and prevent debt traps.

BNPL 111

BNPL Regulations Accreditation Consumer Protection 111

The Fintech Times

FEBRUARY 19, 2025

At the end of 2024, the Dubai Financial Services Authority (DFSA), the independent regulator for business undertaken from or within the Centre, regulated or supervised over 900 entities. The first Dubai AI and Web3 Festival also took place in October and attracted 6,800 delegates.

AI 75

AI FinTech Laws Authorization 75

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

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. 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

MARCH 28, 2024

Companies that excel in data protection comply with stringent regulations and gain a competitive edge by building solid relationships with their customers. Hence, understanding GDPR compliance and other data protection laws is essential in keeping you abreast of regulatory trends.

Data Breach 278

Data Breach Regulatory Compliance Breach Encryption 278

Fintech News

OCTOBER 6, 2024

One major focus is on proactive prevention, where the IMC advocates for tighter regulations on corporate service providers and enhanced due diligence for non-financial sectors vulnerable to exploitation by money launderers. On effective enforcement, the IMC proposes strengthening the legislative tools available to law enforcement agencies.

Money Laundering 121

Money Laundering Law Enforcement Financial Crimes Due Diligence 121

Fintech News

JULY 21, 2024

Indonesia’s Financial Services Authority (OJK) plans to raise the maximum limit for peer-to-peer (P2P) funding above the current IDR 2 billion cap, specifically for productive funding used for business and economic activities, rather than consumptive funding for personal use.

P2P 115

P2P Caps Consumer Protection Risk Management 115

PYMNTS

DECEMBER 18, 2020

The new regulations, if adopted after a comment period, would require banks and some other institutions to obtain and report the identities of parties engaging in certain digital transactions, including payments involving what are called "unhosted wallets" – effectively secret bank accounts that hold cryptocurrency.

Treasury 141

Treasury Rules Bitcoin Ransomware 141

PYMNTS

NOVEMBER 9, 2020

Regulation. EU Gears Up To Propose New Big Tech Regulations. Australian Regulator Looks Into Merger Law Changes. million) penalty for not following a new social media law, Reuters reported, citing Omer Fatih Sayan, the deputy transport and infrastructure minister. Turkey Hits Big Tech Platforms With $1.18M Penalty.

Regulations 84

Regulations Privacy Compliance Laws 84

The Payments Association

MAY 16, 2025

Merchant-facing regulation: What merchants need to know in 2025 15 May 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? Each section includes an overview of the regulation, the legal and operational risks involved, and the practical actions required to support readiness and ongoing compliance.

Regulations 88

Regulations ISO 20022 Cross-Border Legal 88

Segpay

SEPTEMBER 30, 2024

This blog explores child protection laws across key Latin American countries, highlighting their different approaches and the evolving regulatory frameworks. The statute was updated in 2014 to include Internet and Child Protection to protect kids from online exploitation, cyberbullying, and access to inappropriate content ( Law 12,965/2014 ).

Verification 111

Verification Legal Framework Laws Regulations 111

The Fintech Times

JANUARY 10, 2025

dLocal , a payment platform connecting merchants to emerging markets born out of Uruguay, has secured the UK Authorised Payment Institution (API) licence from the Financial Conduct Authority (FCA). With the licence, dLocal can now offer a comprehensive suite of regulated payment solutions to UK-based merchants.

Payments Institute 59

Payments Institute Security Alternative Payment Methods Cross-Border Payments 59

PYMNTS

SEPTEMBER 30, 2020

It would instead offer payment companies a national servicing platform to replace the regime of state regulations such firms would be subject to under existing laws. Commercial companies accessing a payments charter would avoid oversight and regulations that protect the financial system and consumers,” the bank industry leaders wrote.

Office of the Comptroller of the Currency 139

Office of the Comptroller of the Currency OCC Non-Bank Regulations 139

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. In 2019, a Swedish local authority was fined over $20,000 for using facial recognition software to monitor high school students’ attendance.

Privacy 130

Privacy Legal Compliance Best Practices 130

PYMNTS

SEPTEMBER 22, 2020

The regulator of the nation’s banks has issued its first guidance on stablecoins , the cryptocurrency backed by traditional currency. . 21) clarified the authority for national banks and federal savings associations to hold reserves on behalf of customers who issue stablecoins.

Office of the Comptroller of the Currency 138

Office of the Comptroller of the Currency OCC Stablecoins Due Diligence 138

The Payments Association

FEBRUARY 10, 2025

Voices from the industry Businesses subject to the Failure to Prevent Fraud offence must understand their legal obligations under the new law. Regulators need both the resources and the authority to take meaningful action against companies that turn a blind eye to fraudulent activities.

Crime 88

Crime Fraud Prevention Risk Assessment Due Diligence 88

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. Working closely with the supervisory authority on processing-related matters.

CCPA 130

CCPA Privacy Assessments Laws 130

Fintech News

FEBRUARY 25, 2024

A major investigation is underway in Singapore involving the police and the Monetary Authority of Singapore (MAS) against two key figures of Samlit Moneychanger, a licensed payment services provider. Violations of these laws carry severe penalties, including fines and imprisonment.

Authorization 108

Authorization Laws Business Day Compliance 108

Fintech News

AUGUST 6, 2024

Minister Chee stated that his focus would be on the regulatory perspective of the Monetary Authority of Singapore (MAS). The MAS assessment emphasized the regulator’s role in promoting a sound financial sector, focusing on insurer risk management and long-term policy protection. billion (EUR 1.5 billion (EUR 1.5

Consumer Protection 108

Consumer Protection Consumer Risk Management Best Practices 108

Open Banking Excellence

SEPTEMBER 27, 2024

Half a decade ago, Mexico demonstrated its ongoing commitment to updating its financial regulation with the introduction of the Fintech Law. FinTech in Mexico Mexico introduced the Fintech Law in March 2018 as a response to the remarkable 50% growth in the number of fintech firms in the preceding two years.

Financial Inclusion 147

Financial Inclusion Laws FinTech Regulations 147

The Payments Association

JANUARY 13, 2025

Firms must invest in compliance, adapt workflows, and advocate for fair regulations. The Financial Conduct Authority (FCA) recently outlined significant changes to the safeguarding regime for payments and e-money firms in its consultation paper CP24/20. What’s next?

Compliance 88

Compliance Audit Legal Reconciliation 88

The Payments Association

OCTOBER 23, 2024

On 25 September 2024, the UK Financial Conduct Authority (FCA) published its long-awaited Consultation Paper (CP24/20) setting out proposed changes to the safeguarding rules applicable to electronic money institutions (EMIs) and payment institutions (PIs) (together, payments firms). What does this mean for Payments firms?

Rules 88

Rules Payments Institute Authorization Reconciliation 88

The Fintech Times

FEBRUARY 26, 2024

Fundamental risks to using CBDCs Nina Moffatt, fintech and regulation partner, Paul Hastings Nina Moffatt , fintech and regulation partner, of law firm Paul Hastings , notes that while CBDCs are an attractive option, risks such as settlement times are preventing mainstream adoption. .

Cross-Border Payments 145

Cross-Border Payments Cross-Border Digital Currency Central Bank 145