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5 Things Banks Should Know about the FDIC’s Recordkeeping Requirements Rule

Finovate

Adding to the confusion, the dispute is ongoing in court, and because Synapse is a fintech and is thus unregulated, regulatory bodies are unable to protect consumers, many of whom are still missing their funds. .” Banks have long been subject to strict regulations and reporting requirements.

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How Online Sales Tax Impacts Different eCommerce Models

PYMNTS

Walmart.com is currently undergoing a legal dispute with a Louisiana parish because it didn’t report or remit the sales tax for sales made by third-party retailers through its online marketplace. In fact, the 75 largest online retail marketplaces in the world were responsible for nearly half of all global eCommerce sales in 2017.

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Four 2023 U.S. Policy Predictions for Financial Services Companies

FICO

While there is some dispute whether baseball Hall of Famer Yogi Berra uttered these words, it is irrefutable that making predictions is tough business. Tue, 07/02/2019 - 02:45. by Daniel Nestel. VP, Government Relations. expand_less Back To Top. Thu, 01/05/2023 - 15:45. It’s tough to make predictions, especially about the future.”

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PayPal vs Stripe: Which is best?

Nanonets

Chargebacks occur when a customer disputes a charge with their credit card issuer. Stripe provides a powerful solution through Stripe Sigma, allowing for highly customizable reports and deep insights into payment data. The payment processor also handles chargebacks and fraud prevention on behalf of the merchant.

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Expense Reconciliation: Step-by-Step Guide

Nanonets

Vendor reconciliation is essential for maintaining good relationships with suppliers and avoiding payment disputes. Expense Report Reconciliation : Expense report reconciliation involves reconciling employee expense reports with receipts and other supporting documentation to ensure that all expenses are legitimate and properly documented.

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Why Smart Contracts Need Regulation Before They Break Things

The Fintech Times

This happens without delays or disputes. Things like anti-money laundering (AML), know-your-customer (KYC) checks, and reporting requirements. They offer speed, automation and built-in trust. Instead of relying on manual processes or external intermediaries, smart contracts execute themselves when certain conditions are met.