The Payments Association

DECEMBER 2, 2024

The enforcement of MiCA provides clear guidelines for the issuance and management of stablecoins, reducing legal uncertainties and fostering confidence among market participants. In response to MiCA’s requirements, several crypto exchanges and service providers adjusted their offerings. at the time.

Regulations 88

Regulations Instant Payments Consumer Protection Payments 88

Nanonets

MAY 10, 2023

From court documents being moved to digital formats to the advent of AI in legal research, a lot has changed. What does it mean for legal professionals? And how can you use AI to make legal work more efficient? Court dates, client meetings, legal research, paperwork – the list goes on for legal professionals.

Legal 52

Legal Laws Procedures AI 52

The Payments Association

FEBRUARY 14, 2025

Employees should be well-versed in the safeguarding procedures and understand their role in protecting customer funds. Draft legal provisions for the new cryptoasset regime, including stablecoins, are due early in 2025, and the FCA has published its own roadmap of cryptoasset policy publications it intends to publish.

Stablecoins 88

Stablecoins Payment APIs and Integration Regulatory Compliance Compliance 88

Fintech News

JUNE 9, 2025

AEON Financial is also seeking to pursue legal liability against SeABank, its directors, and other related parties, and will pursue legal procedures under Vietnamese law to invalidate the agreement. The acquisition price for PTF was approximately 26,200 million Yen, previously valued at US$170 million.

Void 52

Void Agreements Legal Procedures 52

PYMNTS

JULY 23, 2020

The heightened speed at which the payments will come is based around the procedures, online tools and bank account information that were not present during the hasty rollout of the first payments, new at the time due to the pandemic’s rapid onset.

Direct Deposit 144

Direct Deposit IRS Checks Procedures 144

VISTA InfoSec

JANUARY 22, 2024

Requirement and Testing Procedures 3.2.a Requirement and Testing Procedures 3.2.a Requirement and Testing Procedures 3.1 Minimize cardholder data storage by implementing policies, procedures, and processes for data retention and disposal. Ensure data storage and retention align with legal, regulatory, and business needs.

PCI DSS 100

PCI DSS Encryption Procedures Authorization 100

NFCW

JULY 17, 2024

“The European Commission has made commitments offered by Apple legally binding under EU antitrust rules,” the official announcement says. Moreover, Apple offered additional independence and procedural guarantees for the monitoring trustee. It therefore decided to make them legally binding on Apple.

Payment Service Provider (PSP) 117

Payment Service Provider (PSP) Use Case Legal Agreements 117

The Payments Association

MAY 16, 2025

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. Whereas fraud was previously treated as an operational risk, it is now a matter of legal and regulatory accountability.

Regulations 88

Regulations ISO 20022 Cross-Border Legal 88

VISTA InfoSec

OCTOBER 21, 2024

Navigate legal and regulatory frameworks Dealing with laws and rules about cybersecurity in different countries is a must. Each of these sets its own rules on handling personal information safely and legally. Train employees regularly on these policies and procedures Make training available in all relevant languages.

Cybersecurity 147

Cybersecurity Compliance Encryption Best Practices 147

Innovative Payments Association

JANUARY 14, 2025

While deregulatory measures such as revisiting the Open Banking Rule may gain momentum, their implementation faces procedural and legal challenges. History shows that even in a politically aligned government, regulatory shifts are rarely straightforward or absolute.

Consumer Financial Protection Bureau (CFPB) 52

Consumer Financial Protection Bureau (CFPB) CFPB FDIC Consumer Protection 52

VISTA InfoSec

AUGUST 22, 2023

Use beyond the original purposes requires explicit consent or legal justification. Limitation of storage: The retention of biometric data must be in line with specific purposes, requiring defined retention periods and the deletion/anonymization of data after the fulfillment of the purpose or compliance with legal requirements.

Privacy 130

Privacy Legal Compliance Best Practices 130

Trade Credit & Liquidity Management

MAY 29, 2025

Foster Collaboration Between Legal and Technical Teams: Align tax, legal, and IT departments to manage the end-to-end invoicing process, ensuring invoices meet both regulatory and operational requirements. Aligning legal, tax, and IT teams fosters a unified approach that balances compliance with business needs.

ISO 20022 52

ISO 20022 ISOs Compliance Cross-Border 52

VISTA InfoSec

OCTOBER 20, 2023

Data Protection : Safeguards sensitive data, preventing legal and financial issues. Testing and Revision Procedures (Addressable) : Enforce strategies for regular testing and modification of contingency plans. Set up backup and recovery procedures: Develop protocols for duplicating and restoring ePHI data during data loss events.

Disaster Recovery 130

Disaster Recovery Procedures Regulatory Compliance Duplicate 130

PYMNTS

MARCH 9, 2020

The Investigative Committee of the Republic of Belarus is reportedly intending to support a legal initiative that would allow them to seize digital currency from criminals, Cointelegraph reported. Belarus reportedly doesn’t have a law that would let it confiscate digital currency via enforcement actions. In other news, U.S.

Bitcoin 68

Bitcoin Regulations Digital Currency Procedures 68

The Payments Association

JANUARY 3, 2025

We try to educate guests, but theres always pushback when standard procedure to protect our revenue is perceived as a hassle, she said. Tao described the difficulties of navigating the legal and organisational hurdles that often impede data sharing. Tao pointed out the role of technology in achieving this balance.

Fraud Detection 88

Fraud Detection Fraud Prevention Participant Financial Crimes 88

The Payments Association

FEBRUARY 10, 2025

Strengthening KYC procedures is critical, ensuring that verification extends beyond master account holders to individual vIBAN end users. Heres how PSPs can strengthen their approach: 1) Robust KYC processes PSPs should extend their KYC procedures beyond master account holders to include vIBAN end users.

IBAN 88

IBAN AML Master Account Due Diligence 88

Fi911

JANUARY 4, 2024

Well, from a legal standpoint, there’s actually quite a lot. Certain regulations known as “chargeback rules” are, in fact, based on legal statutes. While they are not legal mandates, they are enforced with the same rigor. What do banks need to know about the chargeback legislation process?

Disputes 104

Disputes Laws Rules Governance 104

Stax

JANUARY 8, 2024

To establish an effective risk management program as a PayFac, you must establish a dedicated risk management team, utilize the right tools and technology, develop proper risk management policies and procedures, conduct regular risk audits, and stay up-to-date with the latest industry regulations.

Risk Management 88

Risk Management Risk Money Laundering Procedures 88

PYMNTS

APRIL 5, 2019

One of the legal operations that are springing up in the states that have approved the above-board sale of marijuana products? We don’t mean to be aggressive, nor do we take a stance on the moral or political natures of legal weed. We don’t mean to be aggressive, nor do we take a stance on the moral or political natures of legal weed.

Legal 74

Legal Payments Money Laundering Laws 74

Clearly Payments

NOVEMBER 18, 2024

Team Lead/Manager Responsibilities: Oversee the chargeback team, ensure compliance with policies, and liaise with other departments like legal or finance. Operational Best Practices Standardized Procedures : Develop a chargeback handbook outlining workflows, templates, and escalation protocols.

PCI DSS 59

PCI DSS Address Verification System (AVS) Disputes Card Network Rules 59

Fintech Finance

NOVEMBER 18, 2024

Vijay Ray concludes: “The introduction of a statutory trust over funds is the most significant change, designed to address the legal uncertainty that has plagued the payment services sector for years. A key change that will follow will be the introduction of a statutory trust over funds.

Consulting 97

Consulting Payments Regulations Procedures 97

VISTA InfoSec

OCTOBER 26, 2023

This audit confirms the validity of management’s evaluation of their controls and reports on the effectiveness of the overall financial controls and procedures. If your company is or plans to be publicly traded, you must comply with SOX – it’s not just advisable, it’s a legal requirement.

Audit 130

Audit Compliance Laws Governance 130

The Finance Weekly

MARCH 1, 2022

The lack of formal FP&A structure, processes, and procedures characterizes the lagging stage, which is common among newly founded startups. Annual budgeting is a bottom-up process that includes business units as well as legal entities. Because data is highly fragmented, reporting is typically unstructured and inconsistent.

Finance 130

Finance Procedures Best Practices Process 130

Innovative Payments Association

AUGUST 29, 2024

With the growing legalization of cannabis across the U.S., While many states have legalized cannabis for medical or recreational use, it is still illegal at the federal level. Develop Written Policies and Procedures Clear and comprehensive written policies and procedures are essential for a strong compliance program.

Cannabis Banking 52

Cannabis Banking Boot Camp Compliance Money Laundering 52

Fintech News

FEBRUARY 14, 2024

But despite some progress, advancements have been slow for the past few decades due to legal obstacles, the lack of standards, and the need for unifying technologies, a new paper by Deutsche Bank says. This has served to fragment trade, creating a series of “digital islands” each with their own standards and procedures.

Finance 127

Finance Distributed Ledger Technology (DLT) Payment APIs and Integration Legal Framework 127

PYMNTS

OCTOBER 26, 2016

In the fallout of Wells Fargo’s scandal over unauthorized customer accounts, regulators may force publicly-traded banks to adhere to in-person of sales practices and procedures. A person familiar with the matter told Bloomberg that many of the biggest U.S. The intention is to keep what happened at Wells Fargo from happening anywhere else.

CFPB 65

CFPB Federal Reserve Procedures Regulations 65

EBizCharge

MARCH 3, 2025

Acumatica payment providers should comply with legal and regulatory requirements like Payment Card Industry Data Security Standards (PCI-DSS) , which safeguard payment data by implementing various security protocols. How does Acumatica handle credit card chargebacks? How does Acumatica handle credit card chargebacks?

Credit Cards 52

Credit Cards Process Payment Gateways Payment APIs and Integration 52

Open Banking Excellence

SEPTEMBER 21, 2023

Thanks to the harmonised legal requirements which we adopted today, our financial sector will be better able to continue to function at all times.” This should include policies, procedures, protocols, and tools needed to protect your organisation’s assets. Here are some of the steps organisations should follow when preparing for DORA.

FinTech 130

FinTech Compliance Regulations Non-Bank 130

Stax

MARCH 18, 2025

A typical payment processing procedure involves multiple parties, including the merchant, customer, payment processor, payment gateway, issuing bank, acquiring bank, and card networks. This means they authorize and complete transactions faster than manual processing procedures. Avoid getting into contracts with hidden fees.

Process 88

Process Payment APIs and Integration Processors Online and Mobile Banking 88

The Paypers

JUNE 8, 2025

The firm has been granted the authorisation by the Brazilian Central Bank, aiming to accelerate its development process, as well as its commitment to the local market and the procedure of offering improved opportunities in the competitive environment. All rights reserved. Privacy Policy Cookie Statement Terms and Conditions

Payments Institute 46

Payments Institute Central Bank Payments Cybersecurity 46

The Fintech Times

MAY 9, 2024

The Global Legal Entity Identifier Foundation (GLEIF) has approved multinational bank BNP Paribas as a ‘Validation Agent’ in its Global LEI System; enabling the bank and its clients to enjoy enhanced client onboarding and lifecycle management processes.

ISO 20022 69

ISO 20022 Cross-Border Payments Cross-Border Financial Crimes 69

The Fintech Times

MAY 30, 2024

It also faced legal proceedings in the United States, including the arrest of the company’s CEO, Changpeng Zhao. Compliance acts as a ‘stamp of legitimacy’, assuring customers, investors, and partners that the company operates within the borders of legal requirements.

Compliance 64

Compliance Security Legal Blockchain 64

Fintech News

FEBRUARY 27, 2024

The Reserve Bank of Australia (RBA) also played a crucial role by exploring the concept of retail and wholesale Central Bank Digital Currencies (CBDC) through its eAUD pilot programme , which focused on a wide array of use cases and essential legal aspects.

APACS 129

APACS Regulations Stablecoins Cryptocurrency 129

Stax

FEBRUARY 19, 2025

If an outsourced provider fails to meet these compliance standards, your business could be exposed to serious legal and financial risks, including fines and reputational damage. Request documentation on their security policies, fraud prevention measures, and incident response procedures to minimize risks.

Payments 88

Payments PCI DSS Compliance Risk 88

The Fintech Times

FEBRUARY 21, 2024

The Commonwealth Bank of Australia (CBA) has become the latest financial institution to be approved as a Validation Agent in the Global Legal Entity Identifier (LEI) System.

ISO 20022 59

ISO 20022 Legal Non-Bank Accreditation 59

The Fintech Times

FEBRUARY 14, 2024

Confirm e-invoicing compliance Legal compliance is essential as more countries move towards a clearance model. In terms of e-invoicing, there are complex rules and procedures that govern business activities. Consider developing a composable strategy, allowing for specialist solutions that address specific regional problems.

Automation 103

Automation Process Duplicate Compliance 103

PYMNTS

JANUARY 30, 2019

That procedure can be described as a two-by-two check, and is geared toward verifying individuals on two sides of a transaction. But regulators are now requiring firms to use risk-based policies and procedures to determine a customer’s risk scores and to use risk scores to establish a baseline for transaction and relationship monitoring.

Due Diligence 74

Due Diligence Verification Money Laundering FinTech 74