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. Regulatory Actions Failing to comply with legal requirements can attract regulatory scrutiny. This frustration can tarnish a companys reputation.

FTC

Finovate

JULY 30, 2025

Yesterday, July 29, the Consumer Financial Protection Bureau (CFPB) filed a surprise motion to pause the legal battle over its Section 1033 data access rule. Requests a pause The CFPB is asking the court to pause the current legal proceedings while it works on rewriting the rule.

CFPB

Finextra

JULY 27, 2025

Emergence of SWIFT & RTP: The 1980s–1990s saw global messaging standards (MT-103, MT-202) and real-time rails (Fedwire, TARGET2) democratize cross-border settlement but reliance on intermediaries, queue times, and compliance checks remained major pain points. "if invoice approved and ESG score > 80 then release payment").

CBDC

The Payments Association

DECEMBER 9, 2024

The UK government and the FCA will further develop and implement these regulations through consultations and legal frameworks, aiming for a comprehensive rollout by 2026. It outlines how the regulatory landscape for cryptocurrencies in the UK will evolve, affecting businesses and compliance. What’s next?

Stablecoins

Finextra

JUNE 10, 2025

The technology is designed to address the various cross-border payments challenges currently faced by businesses in the US, such as the high transaction costs and lengthy timescales associated with Swift.

Acquirers

The Payments Association

JULY 18, 2025

This roadmap is designed to support leadership, legal, and compliance teams in navigating a fragmented but fast-evolving regulatory terrain. Legal issue/risk Next steps/action required Legal issue/risk: New strict liability offence applies to large organisations where associated persons commit fraud for corporate benefit.

Regulations

Stax

APRIL 10, 2025

An ACH transfer is an electronic movement of funds from one bank account to another via the ACH (automated clearing house) network, while a wire transfer uses a secure network like SWIFT (Society for Worldwide Interbank Financial Telecommunication) or Fedwire (Federal Reserve Wire Network) to initiate the movement of funds.

Small Business

The Fintech Times

JUNE 23, 2025

With 1,683 participants, CIPS-related services reach over 180 countries and regions through a network of more than 4,900 legal entity financial institutions, leveraging direct and indirect participants, forming a global network backbone supported by Chinese banks, clearing institutions, and systemically important foreign banks.

Cross-Border

Finextra

AUGUST 7, 2025

Entrepreneurs can authenticate documents like agreements or payment orders electronically, using encryption to verify identity and ensure legal validity. Leveraging web socket protocols, these systems maintain uninterrupted connections across devices and networks, with automatic syncing of conversation logs.

Small Business

Fintech News

JULY 22, 2025

Japan was also among the first major economies to introduce a legal stablecoin framework , limiting issuance to licensed banks and trust companies. Circle’s Euro Coin (EUROC) and PayPal USD (PYUSD) are among those aiming for regulatory clarity in the region.

Stablecoins

Trade Credit & Liquidity Management

JUNE 25, 2025

Regulatory Demands: Compliance requirements like KYC and anti-money laundering demand access to unique data sets, such as adverse news, sanctions lists, and legal histories, that aren’t included in standard credit reports. What if one of those businesses stops buying, or worse yet, goes into bankruptcy?

Risk Assessment

Neopay

JANUARY 30, 2025

Enhance consumer education Firms should play an active role in warning customers about the risks and legal consequences of money muling. Strengthen onboarding and monitoring Collecting and verifying key customer data during onboarding can improve ongoing transaction monitoring.

Financial Crimes

The Fintech Times

MAY 30, 2025

Much of today’s financial infrastructure is built on legacy technologies such as SWIFT, whereas there are numerous blockchain platforms, each with its own processes. We are starting to see that shift with the introduction of MiCA in Europe, which aims to create a unified legal framework across the EU for crypto-assets.

Blockchain

Finextra

JULY 28, 2025

Cross-border and 3rd party payments to/from any country (150+ countries) via SWIFT, SEPA, SEPA Instant, Faster Payments, and other global payment schemes. Home Announcements Regulation PayDo secures MFSA licence External This content is provided by an external author without editing by Finextra.

Security

Fintech Weekly

JUNE 5, 2025

Lindenbaum Rosalia Mazza Friday, June 6th 2025 07:01AM Legal expert Matthew G. Lindenbaum explains why fintech firms shouldn’t mistake relaxed enforcement for reduced legal risk. But the legal system wasn’t built for speed. Discover top fintech news and events! It was built to last.

Risk

The Fintech Times

DECEMBER 24, 2024

She joins from Swift, the messaging network used for international transactions between banks, where she was the chief security officer. Meanwhile, Stenehjem Sr, who has served as CEO for 34 years, will continue as chairman of the board. ING has appointed Debbie Janeczek as chief information security officer.

FinTech

Finextra

JUNE 18, 2025

Insightful Dashboards for Actionable Feedback , real-time dashboards can visualize the intersection of corporate behavior with economic shifts. Decision-makers can respond swiftly, iterate product design, and generate business value through precise segmentation and tailored services. It expresses the views and opinions of the author.

Transactions

The Paypers

JUNE 11, 2025

tp: news tp: research tp: events This Site About Subscribe Press Releases Advertise Industry events Tailor made Services Media Partnerships Contact Contact Information The Paypers Prinsengracht 777e 1017 JZ Amsterdam The Netherlands Telephone: +31 20 658 0652 Legal Information © 2025 The Paypers BV. All rights reserved.

Stablecoins

Fintech Weekly

JUNE 12, 2025

Underpinning regulatory ease, firms are looking for access to a strong professional cohort, the EU market, an attractive lifestyle, and a stable political and legal system. We know that these attributes may not initially attract a fintech company to a jurisdiction like Malta, but these are the reasons firms stay as they grow.

FinTech

VISTA InfoSec

MARCH 28, 2024

Data Minimization Data minimization means collecting only the information you absolutely need to serve your customers or comply with legal requirements. For example, if you’re only shipping products, you might not need to collect customers’ birthdates unless it’s relevant for legal age verification.

Data Breach

PYMNTS

SEPTEMBER 23, 2016

SWIFT is the latest FinTech player to perk up at the thought of using distributed ledger technology for business transactions. SWIFT’s report explored how the market would approach standardization of these technologies and how to apply previous standardization initiatives to this process. In an announcement on Thursday (Sept.

SWIFT

PYMNTS

OCTOBER 15, 2020

Panel members included Russ Waterhouse , EVP at The Clearing House; Mike Kresse , SVP card and money movement at FIS; Jane Larimer , CEO at Nacha; David Scola , chief executive, Americas and UK at SWIFT; and Jeremy Allaire , CEO at Circle. Moving Beyond ACH .

Real Time Payments

PYMNTS

APRIL 5, 2019

The group — the International Association of Trusted Blockchain Applications ( INATBA ) — officially launched on April 3 in Brussels and includes SWIFT, IBM, Ripple and around 100 other companies and organizations. A new blockchain association has been created to promote the adoption of the technology across the European Union.

Distributed Ledger Technology (DLT)

The Fintech Times

FEBRUARY 21, 2024

Practical improvements await Rachel Levi, global head of innovation engineering, SWIFT Rachel Levi , global head of innovation engineering, Swift , the cross-border payments provider, notes how the company and ecosystem are working to make practical improvements to international payment speed.

Cross-Border Payments

The Finance Weekly

APRIL 25, 2022

The Russia-Ukraine conflict doesn’t affect only companies with operations in Russia; it raises reputational and legal risks for any business with links to sanctioned entities or individuals. Protect Organizational Reputation. Office of Foreign Assets Control list and subscribing to the updates on U.S. Treasury sanctions across the globe.

Finance

PYMNTS

FEBRUARY 3, 2019

SWIFT global payments network has agreed to help Bangladesh Bank rebuild its infrastructure after hackers stole $81 million in 2016. The funds were stolen when cybercriminals hacked into Bangladesh’s systems and sent fake orders via SWIFT to the NY Fed. For its part, RCBC says the lawsuit is beyond the U.S.

SWIFT

Fintech News

FEBRUARY 5, 2024

million is allocated for legal and audit fees, US$750,000 is designated for retrenchment costs, US$500,000 for credit insurance and collections expenses, and US$100,000 for rent. Investree has earmarked US$4.5 million of this package for employee salaries, which encompasses owed salaries, benefits, taxes, payables, and other related expenses.

P2P

VISTA InfoSec

APRIL 3, 2024

Such lapses result in financial loss and legal repercussions, and they can also irreparably damage a company’s reputation. Moreover, in today’s regulatory environment, encryption has become a compliance requirement in many jurisdictions, which gives businesses a legal as well as a strategic imperative to prioritize it.

Cybersecurity

PYMNTS

AUGUST 17, 2016

It looks like after all the Sturm und Drang, Bangladesh’s central bank will not take action against the Federal Reserve Bank of New York and SWIFT network over the $81 million theft it suffered earlier this year. “We only assessed different options, including the legal [option],” Saha said on Tuesday.

Fed

PYMNTS

SEPTEMBER 19, 2016

Reuters had previously reported last week that such a task force would form following the $81 million bank heist from Bangladesh Bank , a crime that infiltrated the SWIFT payments messaging network. The funds were stolen from Bangladesh’s central bank’s account at the New York Federal Reserve.

Cybersecurity

PYMNTS

SEPTEMBER 26, 2016

Earlier this year, cybercriminals stole $81 million from the Bangladeshi central bank, and they also stole the trust that the SWIFT global payments network had built with its 11,000 users. Authentication methods for payments networks, such as SWIFT, or P2P money transfer apps are still not completely secure.

Online and Mobile Banking

PYMNTS

AUGUST 30, 2020

But the bank said the central bank digital currency was legal tender and fully convertible with banknotes at a one-to-one ratio. One of the four largest Chinese banks swiftly disabled its new soft launch for a digital yuan wallet after its quiet rollout got mass attention, according to CoinDesk.

eWallet

PYMNTS

FEBRUARY 13, 2019

Payments messaging firm SWIFT announced on Tuesday (Feb. SWIFT noted that these cases present KYC challenges because data exchanged between all these parties is often incomplete or out of date. SWIFT’s KYC Registry offers entities a unified platform through which they can upload and share standardized KYC data. ”

Money Laundering

Neopay

OCTOBER 23, 2024

The draft ITS proposed by the ESAs were rejected by the EC on the grounds that it is necessary to allow financial entities the choice of identifying their ICT third-party service providers registered in the EU either by using the Legal Entity Identifier (LEI) or by using the European Unique Identifier (EUID).

Third-Party Service Provider

PYMNTS

JULY 9, 2020

With its newest offering designed for legal cannabis businesses , AeroPay ‘s B2C and B2B payment tools aim to help companies in this market migrate away from manual and paper-based payment methods. SWIFT Certifies Fiorano ISO 20022. ” AeroPay Elevates The Bank Transfer.

ISO 20022

PYMNTS

AUGUST 9, 2018

To that end, the payments messaging service known as SWIFT has gotten the go-ahead to offer up access to the TARGET Instant Payment Settlement scheme to be offered by the Eurosystem. That latter solution lets users access multiple instant payment systems across Europe via single access point, leveraging existing SWIFT infrastructure.

Cross-Border

Fintech Finance

NOVEMBER 18, 2024

The new regulatory framework is designed to ensure customer money is safe at all times while held by payment providers, and that customers will be given a swift refund in the event of a company collapse. The proposed changes follow problems and delays in providing customer refunds after the collapse of several large payment providers.

Consulting