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 121

Legal Laws Authorization Addressing 121

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. Shieldpay has been supporting KPMG Law’s corporate clients as an escrow and paying agent provider for corporate and M&A deals since 2020.

Laws 98

Laws Legal Mitigation Payments 98

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. What Laws Govern Chargebacks in the US? What Laws Govern Chargebacks in the US?

Disputes 104

Disputes Laws Rules Governance 104

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

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 113

Legal Disputes Law Enforcement P2P 113

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

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

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 132

APACS Regulations Stablecoins Cryptocurrency 132

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. Data Minimization Data minimization means collecting only the information you absolutely need to serve your customers or comply with legal requirements.

Data Breach 278

Data Breach Regulatory Compliance Breach Encryption 278

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.

Legal 94

Legal Regulations Consumer Protection Privacy 94

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

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

PYMNTS

MARCH 2, 2020

New Jersey joins Washington, Illinois and other states and regions in introducing data privacy laws. The California Consumer Privacy Act went into effect in January, and the European Union’s General Data Protection Regulation ( GDPR ) went into effect in 2018.

Privacy 99

Privacy Regulations Laws Agreements 99

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.

Debit Card 88

Debit Card Legal Credit Cards Processing Costs 88

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 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 98

Cross-Border Payments Cross-Border Consulting Regulations 98

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

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 Brazilian Child and Adolescent Statute (ECA) provides a broad legal framework to protect minors. Regulatory Summary: ECA (Law No. Regulatory Summary: ECA (Law No.

Verification 111

Verification Legal Framework Laws Regulations 111

The Fintech Times

FEBRUARY 28, 2025

It necessitates robust safeguards and adherence to data protection regulations. Charles Nerko , team leader for data security litigation in Barclay Damon LLP , the law firm, explains how this is not the case, and why firms need to be proactive in managing the risk in a compliant manner. A top concern is liability for AI errors.

AI 97

AI Regulations Best Practices Risk 97

The Payments Association

JUNE 3, 2025

However, with its growing role comes increasing complexity, particularly in terms of integration, regulation, and the architecture of future payment flows. For instance, a retail investor in Singapore could feasibly purchase a tokenised share of a New York building without navigating traditional legal, regulatory, or technological barriers.

Security 88

Security Payment APIs and Integration Payment Security Credential 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.

CCPA 130

CCPA Privacy Assessments Laws 130

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

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 238

Cybersecurity Compliance Encryption Best Practices 238

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. This was the first time Sweden was issued a GDPR fine.

Privacy 130

Privacy Legal Compliance Best Practices 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. 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.

Treasury 140

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

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. DIFC VASPs in DIFC are regulated by the DFSA, which introduced its crypto token regime on 1 November 2022.

Stablecoins 96

Stablecoins Regulations Multi-Currency Issuers 96

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 SEC is conducting this public hearing to address issues and challenges related to the current decree and its associated regulations. or dpsec@sec.or.th.

Laws 120

Laws Legal Consulting Addressing 120

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

Fi911

APRIL 15, 2025

Is Negative-Option Billing Legal? The legality of negative-option billing varies depending on the jurisdiction, but it is generally permissible under certain conditions. Non-compliance with these regulations can lead to hefty fines, lawsuits, and reputational damage. Different countries and regions (e.g.,

FTC 59

FTC Federal Trade Commission Legal Best Practices 59

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. We will examine the effects of GDPR in the US and how businesses can adhere to this European privacy law. GDPR and U.S.

Compliance 130

Compliance Privacy Legal Processors 130

The Payments Association

FEBRUARY 10, 2025

Payment Service Providers must strengthen due diligence, monitoring, and collaboration with regulators to address these risks. Voices from the industry Virtual IBAN regulations are evolving as regulators tighten AML compliance, data protection, and cross-border payment rules. What’s next?

IBAN 88

IBAN AML Master Account Due Diligence 88

EBizCharge

MAY 5, 2025

This surcharge is calculated and applied automatically by the point-of-sale (POS) or payment software, ensuring accuracy and compliance with legal and card network regulations. states, there are a few states where this program is prohibited merchants must verify state laws before implementing them.

Credit Cards 52

Credit Cards Small Business Process ACH 52

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

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

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 113

Consumer Protection Risk Management Regulations Legal 113