Stax

MAY 7, 2025

But with complex regulations and shifting legal landscapes, it can be nearly impossible to stay up to date on your own. These variations underscore the need for businesses to stay informed about the particular rules in the states where they operate. DISCLAIMER: This information is not legal or tax advice.

ISVS 88

ISVS Best Practices Alternative Payment Methods Legal 88

The Payments Association

FEBRUARY 14, 2025

The FCA is introducing phased safeguarding rules, with interim measures strengthening existing regulations and final requirements aligning with the Client Assets (CASS) framework. The FCAs consultation closed in December 2024, with final rules expected in mid-2025. The regulatory landscape for stablecoins is set for significant change.

Stablecoins 88

Stablecoins Payment APIs and Integration Regulatory Compliance Compliance 88

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. Learn More Are Debit Card Surcharges Legal? Let’s start with the elephant in the room: are debit card surcharges legal? Get in touch!

Debit Card 88

Debit Card Legal Credit Cards Processing Costs 88

Stax

JULY 30, 2024

However, before you start surcharging customers, you need to be aware of all the rules surrounding it. Apart from card networks setting their own rules and guidelines, states also have certain rules that merchants must abide by. The surcharge rate can never exceed 4% of the total credit card transaction (3% for Visa cards).

Credit Cards 166

Credit Cards Laws Rules Debit Card 166

VISTA InfoSec

JULY 17, 2024

Overcoming language barriers and security vulnerabilities Talking to people in a language they understand makes it easier for them to follow security rules. Navigate legal and regulatory frameworks Dealing with laws and rules about cybersecurity in different countries is a must.

Cybersecurity 238

Cybersecurity Compliance Encryption Best Practices 238

The Payments Association

NOVEMBER 27, 2024

Bahrain, the first country in the Middle East to introduce open banking, launched its open banking framework (OBF) in October 2020, following the initial set of rules released in December 2018. The new amendments are set to bring legal entities in line with the existing open banking framework.

Third-Party Service Provider 88

Third-Party Service Provider API Legal Financial Inclusion 88

Fintech Finance

JULY 19, 2024

The Consumer Financial Protection Bureau (CFPB) has proposed an interpretive rule explaining that many paycheck advance products, sometimes marketed as “earned wage” products, are consumer loans subject to the Truth in Lending Act. When the paycheck advance product is no-fee and truly free to the employee, many requirements would not apply.

CFPB 105

CFPB Rules Product Consumer Financial Protection Bureau (CFPB) 105

VISTA InfoSec

MAY 24, 2024

It helps fulfil its legal and regulatory obligations related to data protection and privacy to prevent the risk of facing legal action, regulatory fines, and sanctions for failing to safeguard customer information adequately. It is done to validate the rules and switches in the firewall and router. of PCI DSS.

PCI DSS 243

PCI DSS Small Business Assessments Compliance 243

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). See our previous Sidley Update on that review.

Rules 88

Rules Payments Institute Authorization Reconciliation 88

PYMNTS

DECEMBER 30, 2020

22, according to legal documents filed in the U.S. Legal counsel for those named in the suit — Ripple Labs, CEO Bradley Garlinghouse and Executive Chairman and Co-founder Christian Larsen — were called to appear in an online pretrial conference with Judge Analisa Torres. . There are clear rules of the road for using XRP in the U.K.,

Legal 130

Legal Settlement Cryptocurrency Bitcoin 130

Stax

AUGUST 1, 2024

However, card brand rules and state and federal laws have been established to prevent merchants from abusing this privilege. In this article, we’ll explore Visa’s rules around credit card surcharging and what merchants need to know about them. Per the latest reports, Visa wants to enforce its surcharging rules more seriously.

Rules 88

Rules Credit Cards Caps Processors 88

PYMNTS

JULY 5, 2020

In updated rules from the Financial Crimes Enforcement Network ( FinCEN ), the U.S. Hemp, a strain of cannabis with lower concentrations of THC, the substance that makes users high, was legalized in 2018. Among the rules: Banks must obtain identifying information, including a copy of licenses, as they would for any customer.

Treasury 140

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

Stax

APRIL 4, 2024

In this article, we’ll learn about the benefits of credit card surcharging and also delve into the legalities and guidelines for levying a surcharge. Credit card surcharging is legal in most U.S. Credit card surcharging is legal in most U.S. Surcharging is governed by certain rules and regulations.

Credit Cards 68

Credit Cards Legal Laws Rules 68

Payments Source

MARCH 1, 2021

CardX, which enables merchants to add a fee for accepting credit cards, won by showing how its product provides transparency to consumers.

Legal 121

Legal Credit Cards Product Consumer 121

Fintech News

JANUARY 9, 2024

This plan, a centerpiece of the ruling Pheu Thai party’s election campaign, involves disbursing approximately US$14.3 Despite concerns raised by the Office of the Council of State regarding the financing of this programme, they have not identified any legal impediments to the government’s plan to borrow funds for this purpose.

Central Bank 132

Central Bank Legal Government Governance 132

The Payments Association

MAY 3, 2025

With a mix of legal, operational, and executive expertise at the table, the conversation was both strategic and grounded in day-to-day realities. She also referenced a broader issue of regulatory inertia: The previous government had plans to revoke the Payment Services Regulations and embed them into FCA rules.

Payment APIs and Integration 88

Payment APIs and Integration Cross-Border Embedded Finance Payments 88

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.

Regulations 88

Regulations Instant Payments Consumer Protection Payments 88

VISTA InfoSec

MAY 12, 2024

Work with PCI DSS Compliant Vendors While the PCI DSS (Payment Card Industry Data Security Standard) is not a legal requirement, it is a sign that an organization or a product is up to par when it comes to combating common cyber threats. To keep your business secure, only engage with payment processors and vendors that comply with PCI DSS.

PCI DSS 277

PCI DSS Security Compromise Best Practices 277

EBizCharge

JUNE 28, 2024

The question “Is it legal to charge a credit card fee?” This article will explore the legality of charging such fees as well as the pros and cons associated with them. Surcharging is legal in many states and is regulated at the state and federal levels. is a legitimate inquiry for merchants seeking ways to offset these expenses.

Credit Cards 52

Credit Cards Legal Debit Card Disputes 52

Payments Source

SEPTEMBER 3, 2020

election could move the cannabis industry closer to the mainstream, but legal dispensaries will still have to deal with workarounds to accept card or mobile payments. The upcoming U.S.

Legal 158

Legal Mobile Payments Payments Card Network Rules 158

Fintech Weekly

APRIL 25, 2025

Learn how the imposter rule and alternative legal frameworks shape liability in BEC disputes. As business email compromise (BEC) cases rise, courts are split on who bears the loss.

Email Compromise 78

Email Compromise Compromise Business Email Compromise Legal Framework 78

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. Ensure compliance with relevant regulations Before launching a zero cost processing program, its essential to understand the legal and regulatory environment.

Credit Cards 52

Credit Cards Small Business Process ACH 52

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

Fintech News

JUNE 12, 2024

To make multilateral payment platforms work well, there need to be clear rules and ways for different systems to work together. As multilateral platforms scale, the governance framework must evolve to keep up with changes in board participation, voting rules, regional representation, and economic models.

Cross-Border Payments 120

Cross-Border Payments Cross-Border Interoperability Payments 120

Clearly Payments

FEBRUARY 10, 2025

Card Networks Companies like Visa, Mastercard, and American Express ( credit card networks ) that set processing rules and fees. While legal in most U.S. Regulatory Compliance Businesses must comply with rules like GDPR (Europe), PSD2 (EU), and AML/KYC laws in various countries. per transaction.

Small Business 66

Small Business Process Address Verification System (AVS) Cross-Border 66

The Payments Association

NOVEMBER 3, 2023

Tony Petrov, chief legal officer at Sumsub, summarises the rules incorporated in the EU Artificial Intelligence Act (EU AI Act) and how they might impact on the industry. Read more

Risk 88

Risk Legal Rules AI 88

VISTA InfoSec

OCTOBER 21, 2024

Overcoming language barriers and security vulnerabilities Talking to people in a language they understand makes it easier for them to follow security rules. Navigate legal and regulatory frameworks Dealing with laws and rules about cybersecurity in different countries is a must.

Cybersecurity 147

Cybersecurity Compliance Encryption Best Practices 147

The Payments Association

JANUARY 3, 2025

Tao described the difficulties of navigating the legal and organisational hurdles that often impede data sharing. From the fraud teams perspective, sharing data with partners seems logical, but businesses are often hesitant, citing privacy concerns and lengthy legal processes. Kershaw observed, AI is a double-edged sword.

Fraud Detection 88

Fraud Detection Fraud Prevention Participant Financial Crimes 88

EBizCharge

JANUARY 6, 2025

Cash discounts are legal across the United States but must comply with specific guidelines and transparency requirements to avoid legal discrepancies. Both methods require care to ensure transparency, as misleading pricing can damage customer relationships or lead to legal non-compliance. How do cash discounting programs work?

Legal 52

Legal Adjustments Compliance Assessments 52

PYMNTS

APRIL 1, 2020

Washington State Governor Jay Inslee signed a bill on Tuesday (March 31) establishing specific rules – backed by Microsoft – governing facial recognition software, according to a blog by Bill Smith, president of Microsoft. In our view, this required a legal floor of responsibility, governed by the rule of law,” Smith said.

Laws 121

Laws Law Enforcement Government Governance 121

Segpay

OCTOBER 23, 2024

Heightened Scrutiny from Financial Institutions and Regulators: As adult content platforms are more closely monitored, businesses must take proactive measures to ensure that they’re following all legal requirements. Evolving Regulatory Landscape: Laws and regulations are constantly changing, and what was compliant yesterday may not be today.

Compliance 98

Compliance Non-Bank Legal Processors 98

Fintech Finance

JULY 16, 2024

These reports take forward priority actions under the G20 Roadmap to address legal, supervisory and regulatory frictions in cross-border payments to help achieve the quantitative targets in 2027. In response to these changes, legal, regulatory and supervisory frameworks that govern PSPs have had to rapidly adapt and evolve.

Cross-Border Payments 98

Cross-Border Payments Cross-Border Consulting Regulations 98

VISTA InfoSec

SEPTEMBER 30, 2024

Additionally, to note not every organization is legally required to appoint a DPO, but there are specific circumstances outlined in GDPR where it becomes mandatory. Our experienced team will guide you through every step of the way from monitoring compliance to managing data protection risks, and help you avoid legal penalties.

CCPA 130

CCPA Privacy Laws Data Breach 130

VISTA InfoSec

OCTOBER 21, 2024

Additionally, to note not every organization is legally required to appoint a DPO, but there are specific circumstances outlined in GDPR where it becomes mandatory. Our experienced team will guide you through every step of the way from monitoring compliance to managing data protection risks, and help you avoid legal penalties.

CCPA 130

CCPA Privacy Laws Data Breach 130

The Payments Association

OCTOBER 22, 2024

It is, therefore, critical that segregation rules are designed to complement insolvency law, such as PESAR, and it is not currently clear how this will be ensured for the FCA’s proposals. To tackle this problem, the FCA wants to strengthen and clarify the safeguarding rules. What problem is the FCA seeking to address? Who is impacted?

Consulting 88

Consulting Rules Treasury Due Diligence 88

PYMNTS

APRIL 13, 2020

The Consumer Financial Protection Bureau (CFPB) has made it easier for people to access stimulus CARES Act funds by removing some of the legal barriers barring banks from issuing the payments through prepaid accounts, according to a press release. Many have been laid off as a result of that turmoil.

Electronic Fund Transfer Act (EFTA) 111

Electronic Fund Transfer Act (EFTA) CFPB Consumer Financial Protection Bureau (CFPB) Direct Deposit 111

Fintech Review

SEPTEMBER 17, 2024

Fintech Review looks into their function, their role in fostering innovation, and the significant challenges they face, particularly in terms of legal recognition, security, and scalability. At the core of DAOs are smart contracts, which automatically execute actions based on predefined rules. What Are DAOs?

Government 105

Government Governance Innovation Legal 105