PYMNTS

JULY 7, 2019

Are new bitcoin rules coming? Congress “is considering at least three bills that would resolve some of the murky legal issues surrounding digital money.”. is falling behind: Japan and Switzerland have developed legal frameworks that have attracted cryptocurrency projects and investment. The move comes as U.S.

Regulations 82

Regulations Legal Framework Cryptocurrency Bitcoin 82

PYMNTS

NOVEMBER 20, 2020

The European Commission noted on its site that the legal framework for digital services has been unchanged in the region for about 20 years. The Digital Services Act package would propose ex-ante rules covering large online platforms acting as gatekeepers, which now set the rules of the game for their users and their competitors.

Legal Framework 104

Legal Framework Rules Fed Regulations 104

Neopay

JULY 18, 2024

The European Banking Authority (EBA) issued new Guidelines on the so-called ‘travel rule’, i.e. the information that should accompany transfers of funds and certain crypto assets. This rule will help tackle the abuse of such transfers for money laundering and terrorist financing purposes.

Travel Rule 52

Travel Rule Money Laundering Rules Finance 52

Finextra

JUNE 5, 2025

Enable Accountable Authorities To ensure the reliability of digital credentials in business contexts, a robust trust framework is essential. While current eIDAS legislation focuses on natural persons, the initiative must also support credentials for legal entities, such as licences, certifications, and attestations.

Credential 52

Credential Payment APIs and Integration Authorization Issuers 52

Fintech Finance

JULY 1, 2024

Digital euro rulebook and tender process The digital euro Rulebook Development Group has completed an interim review of the first draft of the rulebook, which sets out the rules and procedures to standardise digital euro payments across the euro area. The digital euro is a common European endeavour.

Legal Framework 98

Legal Framework Money Laundering Online and Mobile Banking Central Bank 98

PYMNTS

APRIL 12, 2019

“If the data controller implicitly trusts a data processor simply because there is a consistent legal framework in place, criminal abuse of trust will always take place.” A Global Framework. ” Unfortunately, an expansion of GDPR could mean that GDPR cyber risk spreads, too.

Cybersecurity 77

Cybersecurity Data Breach Breach Legal Framework 77

Segpay

MARCH 24, 2025

By comparing the Australian legal e-gaming and e-gambling landscape with that of the USA, we want to make it easier to understand for our readers who are familiar with US regulations. KYC & Customer Due Diligence (CDD) Australia: Risk-based approach, with minimum KYC checks under the AML/CTF Rules. billion by 2034.

Compliance 71

Compliance Suspicious Activity Report (SAR) Fincen AML 71

PYMNTS

JULY 7, 2019

Are new bitcoin rules coming? Congress “is considering at least three bills that would resolve some of the murky legal issues surrounding digital money.”. is falling behind: Japan and Switzerland have developed legal frameworks that have attracted cryptocurrency projects and investment. The move comes as U.S.

Regulations 51

Regulations Legal Framework Cryptocurrency Bitcoin 51

Stax

JANUARY 15, 2024

Failure to comply with its policy frameworks can have severe consequences— legally and financially. In the following sections, we’ll delve into the legal framework, compliance standards, and best practices to navigate the complexities of surcharging. Swipe fees have doubled in a decade and increased by 20% since 2022.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

PYMNTS

MAY 24, 2018

The Financial Times , citing some of the banks, reported that the new open banking rules that require European Union lenders to provide account access of customers to third parties has resulted in concerns on the part of bankers that Chinese and U.S. Botin wants a “single legal framework for data,” noted the report.

Regulations 55

Regulations Legal Framework Rules Legal 55

Fintech Review

MAY 1, 2025

No matter how disruptive a fintech platform is, it must operate within legal frameworks that are evolving rapidly. These include anti-money laundering (AML) rules, know your customer (KYC) checks, data privacy requirements, cybersecurity protocols, and financial reporting obligations. It is no longer enough to innovate.

Compliance 59

Compliance Regulations FinTech Payment APIs and Integration 59

Fintech News

JULY 17, 2024

The United States continues to rely on the Bank Secrecy Act (BSA) as the primary legal framework governing AML regulations, with the Financial Crimes Enforcement Network (FinCEN) providing guidance on how these regulations apply to cryptocurrency businesses. The United Arab Emirates has amended Federal Decree-Law No. (20)

Money Laundering 109

Money Laundering Law Enforcement AML Non-Bank 109

Neopay

NOVEMBER 27, 2023

These ‘travel rule’ Guidelines specify the steps that Payment Service Providers (PSPs), Intermediary PSPs (IPSPs), crypto-asset service providers (CASPs) and Intermediary CASPs (ICASPs) should take to detect missing or incomplete information that accompanies a transfer of funds or crypto-assets.

Money Laundering 52

Money Laundering Consulting Finance Travel Rule 52

PYMNTS

SEPTEMBER 11, 2019

“Under that three-part test, arguably the highest bar is that a company must prove that contractors are doing work ‘outside the usual course’ of its business,” Tony West, Uber’s chief legal officer, said on a call with reporters. Lyft spokesperson Adrian Durbin had slightly more pointed words about the new law.

Economy 65

Economy Laws Legal Framework Legal 65

Stax

DECEMBER 9, 2024

Preventative Steps to Combat Credit Card Chargebacks Ensure That You’re Following the Protocols of Your Payment Processor Payment processors have rules for handling orders placed online, which are known as Card Not Present interactions. So, what can merchants do to prevent chargebacks from mounting up?

Credit Cards 88

Credit Cards Process Disputes Card Issuer 88

PYMNTS

NOVEMBER 5, 2019

Anna Eshoo and Zoe Lofgren, both of California, would lead to the creation of the Digital Privacy Agency (DPA), a federal agency that would issue regulations and enforce imposed privacy rules. If any of the agency’s rules are violated, companies could be fined $42,530 per incident.

Regulations 40

Regulations Privacy CCPA Legal Framework 40

FICO

MAY 13, 2021

Last month, the European Commission issued a new legal framework for AI , designed to make the European Union a centre of excellence for trustworthy AI. The new rules divide AI systems into different categories of risk (based on the impact of an error in the AI system) and impose restrictions and requirements based on that risk.

AI 52

AI Legal Framework Risk Compromise 52

CoinRemitter

JUNE 30, 2024

In DAOs, rules and protocols are encoded in smart contracts, which are self-executing agreements with the terms of agreements directly written into code. In DAOs, smart contracts on blockchains enforce rules and carry out decisions automatically. Shareholders vote on big issues. This creates confusion.

Governance 40

Governance Government Blockchain Money Laundering 40

Segpay

APRIL 1, 2025

While their goals align, their approaches and legal frameworks differ. Regulatory Frameworks In the United Kingdom, the Online Safety Act passed into law on 26 October 2023. It ensures digital platforms follow stricter rules on data collection, consent, and age verification.

Verification 45

Verification Regulations Privacy Online and Mobile Banking 45

Global Fintech & Digital Assets

FEBRUARY 26, 2024

The Consultation Paper outlines how the HKMA proposes to implement the Basel Committee’s standard into Hong Kong law, including through amendments to the banking capital, liquidity, disclosure and exposure limit rules, and its supervisory policy manual and other guidance.

Consulting 52

Consulting Regulations Distributed Ledger Technology (DLT) Stablecoins 52

Neopay

JULY 18, 2024

Sub-Saharan Africa: This region suffers from high money laundering risk due to corruption, poor transparency, and weak rule of law. The European Union’s 6th Anti-Money Laundering Directive (6AMLD) has enhanced the legal framework, increasing penalties and expanding the scope of predicate offenses.

Money Laundering 52

Money Laundering AML Crime Cryptocurrency 52

PYMNTS

JANUARY 31, 2018

The case centers on the legality of Amex’s actions to bar retailers that offer consumers discounts if they use cards that have lower fees than what Amex charges the merchant, or if they educate those consumers on that fee structure in an attempt to persuade them to use a different, aka cheaper, card. In early 2015, a U.S.

Rules 40

Rules Credit Cards Legal Consumer 40

FICO

MARCH 7, 2023

The EU Sets Out the First Legal Framework for AI Regulation In April 2021, the European Commission and EU member states kicked off a coordinated plan placing Europe on a path to becoming a global leader in cutting-edge, trustworthy artificial intelligence.

AI 52

AI Regulations Legal Framework Non-Bank 52

Segpay

MAY 1, 2024

DORA entered into force on January 16th, 2023, and its legal implementation deadline is January 17 th , 2025. Its legal framework is designed to enhance the operational resilience of all digital service providers, including payment service providers (PSPs), that operate in the European Union (EU).

Cybersecurity 52

Cybersecurity Compliance Procedures Risk Management 52

FICO

JUNE 19, 2023

In part this is due to banks’ interpretation of data protection rules. Both are within the same legal framework, but the perception of what is allowed and what is not is different. Both are within the same legal framework, but the perception of what is allowed and what is not is different. What do I want to change?

Automation 52

Automation Legal Framework Legal Consulting 52

PYMNTS

JANUARY 8, 2018

Given his long-standing personal commitment to the clear and present danger cannabis presents to the American people, it probably should not have come as much of a shock when Attorney General Jeff Sessions officially moved to curtail the legalized cannabis industry this week.

Tax Refunds 42

Tax Refunds Scams Legal Wires 42

Basis Theory

OCTOBER 1, 2024

Return to Top Risk of Non-Compliance Each PCI requirement acts as a proactive measure to protect cardholder data, and as a legal framework to isolate and financially penalize non-compliance. Legal Action : Breached organizations subject themselves to expensive litigation from impacted customers, cardholders, and banks.

PCI DSS 88

PCI DSS Compliance Encryption Assessments 88

Nanonets

SEPTEMBER 22, 2023

The bots follow predefined rules and procedures, minimizing the risk of human error. Furthermore, RPA ensures accuracy by following predefined rules and algorithms, minimizing the likelihood of mistakes. The software robots work consistently and tirelessly, adhering to the established rules and making accurate calculations every time.

Automation 40

Automation Accounts Process Reconciliation 40

Finovate

JANUARY 24, 2025

The regulatory landscape for fintechs and financial services companies operating in the European Union is expected to undergo significant changes this year, with new standards, guidelines, and rules governing payments, data privacy, digital assets, and more. What makes the EU AI Act stand out is its risk-based approach.

Regulations 72

Regulations FinTech BNPL Cross-Border 72

Segpay

AUGUST 20, 2024

Penalties for Non-Compliance : Companies that do not implement proper age verification measures face severe penalties, including fines, suspension of services, and potential legal action. This legal complexity is confusing for merchants and payment service providers. Non-compliance can lead to legal action.

Verification 105

Verification Laws Legal Privacy 105

Clearly Payments

FEBRUARY 8, 2024

Its primary objectives encompass safeguarding consumers, maintaining financial stability, promoting market integrity, preventing fraud and security breaches, and ensuring legal compliance. They establish rules, standards, and fees for participating financial institutions and merchants.

Regulations 105

Regulations Electronic Fund Transfer Act (EFTA) Federal Reserve Electronic Funds Transfer (EFT) 105

Segpay

MARCH 20, 2024

As generative AI continues to advance, there is a pressing need for robust legal frameworks and technological safeguards to prevent the misuse of AI-generated content and protect individuals’ privacy and dignity.

AI 111

AI Privacy Non-Bank Fraud Detection 111

CB Insights

OCTOBER 26, 2020

While the rules against prop trading have more recently been loosened, the restriction has still changed how investment banks operate. Going public is a significant liquidity event for a company, but is also a complex legal event. MiFID II’s purpose was to update the rules set forth in the original MiFID, passed in 2007.

Underwriting 78

Underwriting Research Online and Mobile Banking Non-Bank 78

Nanonets

OCTOBER 27, 2024

A safeguard wrapped in lines and rules, Ensuring that I follow tools. "Protect A safeguard wrapped in lines and rules, Ensuring that I follow tools. "Protect Moral Implications: Even in the absence of legal frameworks, many people have a moral compass that dictates what is right and wrong.

Laws 52

Laws Crime Returns Legal 52

Fintech News

FEBRUARY 2, 2025

Rules and standards are also changing to keep pace with shifts in how customers behave and interact with organizations. This law ensures that electronic documents and transactions are legally recognized and provides guidelines for secure and transparent digital interactions. Finally, Law No.

AML 113

AML Due Diligence Money Laundering Legal Framework 113

The Payments Association

MAY 14, 2025

At The Payments Associations cross-border working group’s recent webinar, Rewiring the Cross-Border Payments Paradigm: Risk and Security in Correspondent Banking Confirmation , a panel of experts from fintech, banking, legal, and regulatory backgrounds explored how emerging tools and frameworks are reshaping the industry.

Cross-Border Payments 88

Cross-Border Payments Correspondent Bank Cross-Border Correspondent 88

The Fintech Times

FEBRUARY 2, 2025

Singapore’s Ministry of Trade and Industry (MTI) has issued a clarifying statement stressingthat it expects US companies to adhere to both US export regulations and Singapore’s legal framework. We have always upheld the rule of law, and acted decisively and firmly against individuals and companies that flout the rules.”

CHIPS 59

CHIPS Law Enforcement Legal Framework AI 59