PYMNTS

JUNE 29, 2020

consumers to get credit as lenders retreat during the coronavirus crisis, The Wall Street Journal reported. It’s a little harder for U.S. The major reason is that banks can no longer easily determine who is creditworthy.

Rules 80

Rules Federal Reserve Credit Cards Fed 80

Finovate

SEPTEMBER 18, 2024

As a result of this nightmare, the FDIC has advanced a notice of proposed rulemaking for what it is calling Requirements for Custodial Deposit Accounts with Transactional Features and Prompt Payment of Deposit Insurance to Depositors. The regulatory body is currently taking public comment on the rule.

Rules 52

Rules FDIC Non-Bank Money Laundering 52

Finextra

JULY 3, 2025

ECB outlines plans for integrated regulatory reporting across Europe European and national authorities have joined forces with banks to integrate reporting requirements across Europe. But banks in Europe are facing more and more regulatory reporting requirements from various European and national authorities.

Payment APIs and Integration 52

Payment APIs and Integration Authorization Reporting Requirements Central Bank 52

The Fintech Times

SEPTEMBER 23, 2024

In response to this shift, the region’s regulators are aiming to unlock new areas of open finance and digital banking through rule changes. Requirements in Brazil typically focus on the types of products and services offered; while Mexico has a specific licence for fintechs. .”

Compliance 105

Compliance Regulations Treasury Reporting Requirements 105

PYMNTS

DECEMBER 29, 2020

The deal also comes amid a shift toward “real-time compliance requirements” as tax officials around the globe seek ways to collect revenue faster, and with more transparency and a lower risk of fraud.

Compliance 85

Compliance Acquirers Near Real-Time On-Demand 85

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. This collaboration helps avoid discrepancies and audit risks. In Summary.

ISO 20022 52

ISO 20022 ISOs Compliance Cross-Border 52

Neopay

JULY 18, 2024

These technical standards are crucial as they allow supervisors to monitor institutions’ compliance with the Capital Requirements Regulation (CRR3) implementation of the latest Basel III reforms in the EU and will foster consistent and enhanced supervision.

Reporting Requirements 52

Reporting Requirements Credit Risk Risk Consulting 52

The Payments Association

OCTOBER 11, 2024

Firms must prepare for these changes by improving their internal processes, conducting audits, and adapting to new compliance requirements to ensure seamless implementation of the FCA’s reforms. The current safeguarding rules are based on the Payment Services Regulations 2017 (PSRs) and E-Money Regulations 2011 (EMRs).

Due Diligence 88

Due Diligence Audit Reconciliation Compliance 88

PYMNTS

OCTOBER 15, 2018

Launched in April 2017, the MSB Call Report required licensees to file by mid-May. Lambert stated that the MSB Call Report and Uniform Authorized Agent Report represent an ongoing effort by state regulators to unify reporting requirements.

Regulations 68

Regulations Privacy Reporting Requirements Laws 68

PYMNTS

FEBRUARY 6, 2020

Waters went through what she called harmful policies put forth by the CFPB, including weakening the bureau’s “payday, small-dollar and car title rule to curb abusive payday loans,” and issuing a debt collection rule that favors debt collectors.

CFPB 60

CFPB Consumer Financial Protection Bureau (CFPB) Rules Consumer 60

Fintech Review

OCTOBER 22, 2024

Each country has the discretion to establish its own rules for taxes, leading to discrepancies across borders. However, the country is considering updating its rules as cryptocurrency usage becomes more prevalent. Global inconsistency in taxation rules also poses significant challenges.

Cryptocurrency 97

Cryptocurrency Laws IRS Regulations 97

PYMNTS

DECEMBER 17, 2019

As a full-blown debate [on IT giants] has been held worldwide, we have demonstrated how rules should be formulated regarding the digital market,” Suga said, according to The Japan Times. The rules would require Big Tech firms to advise vendors of any changes to contracts and offer contact information in the event of complaints.

Rules 52

Rules Laws Regulations Reporting Requirements 52

The Fintech Times

SEPTEMBER 4, 2024

This month, The Fintech Times will look at some of the biggest issues regarding compliance and financial rules, as well as the solutions hoping to ease the compliance journey for firms and make the fintech world fairer and safer. Regulatory rules are constantly changing, with new ones being introduced at a rapid rate. .

Compliance 64

Compliance Rules Regulations Laws 64

The Paypers

AUGUST 24, 2022

US-based PayPal has joined the Travel Rule Universal Solution Technology (TRUST) network in order to update its reporting requirements regarding the digital assets travel rule.

Regulatory Compliance 36

Regulatory Compliance PayPal Travel Rule Compliance 36

PYMNTS

JUNE 14, 2017

The ranking suggests Turkey is the most difficult market for companies to remain compliant , researchers explained, attributing its ranking to the demand that reporting is done in the Turkish language and the Turkish currency. There are also an “extremely high number” of tax rules.

Regulatory Compliance 58

Regulatory Compliance Compliance On-Demand Regulations 58

PYMNTS

OCTOBER 17, 2016

The consultation was set forth by the Department for Business, Energy and Industrial Strategy, according to reports. “The new commissioner must have the confidence and respect of the entire business community and the strength to take on large businesses where necessary,” he said in his statement.

Small Business 70

Small Business Payments Government Governance 70

The Fintech Times

APRIL 25, 2024

Increasingly, tax authorities are demanding access to real-time or near real-time reporting and tax data, for visibility on exactly what is being sold, what taxes should be paid, and ultimately, if businesses are abiding by the correct rules and regulations. The result? Continuous transaction controls (CTCs).

Continuity 69

Continuity Near Real-Time Compliance Authorization 69

PYMNTS

JANUARY 30, 2019

In that case, the company checks two different sources in a given country with two different rule sets. The Panama Papers, for instance, have provided a behind-the-scenes view into the legal practices and transaction structures used by some corporations and high-profile individuals to avoid regulatory reporting requirements.

Due Diligence 74

Due Diligence Verification Money Laundering FinTech 74

The Fintech Times

AUGUST 19, 2024

It now plans to work closely with the VRP implementation group to look at what specific rules an MLA should include and who might be best placed to operate it. The PSR will also consider the potential effectiveness of interventions that do not establish a VRP API access price, such as price transparency or reporting requirements.

Continuity 59

Continuity Regulations API Reporting Requirements 59

PYMNTS

MAY 1, 2018

Companies will have to adhere to Single Touch Payroll (STP) rules that require reporting of payroll payments, PAYG (pay as you go) and superannuation to the ATO. Employers need to conduct a headcount immediately to see if they’re subject to new STP reporting requirements,” he told the publication.

Payroll 40

Payroll Reporting Requirements Rules Regulations 40

Fintech News

JULY 17, 2024

Transfers Just Under Reporting Thresholds The report highlights noticeable surges in transfers just below the US$1,000, US$3,000, and US$10,000 thresholds. These thresholds align with various regulatory reporting requirements, suggesting that some actors may be structuring payments to avoid triggering additional scrutiny.

Money Laundering 107

Money Laundering Law Enforcement AML Non-Bank 107

FICO

JANUARY 5, 2023

The Consumer Financial Protection Bureau (CFPB) has indicated it will publish rules , not guidelines, aimed at strengthening consumers’ control over and providing portability of their financial account data, sometime in 2023. Yet a larger participant rule covering leading BNPL companies currently is not on the CFPB rulemaking agenda.

BNPL 52

BNPL CFPB Consumer Financial Protection Bureau (CFPB) Cybersecurity 52

Fintech Finance

AUGUST 15, 2024

The PSR will work closely with the VRP implementation group to look at what specific rules an MLA should include and who might be best placed to operate it. The PSR will also consider the potential effectiveness of interventions that do not establish a VRP API access price, such as price transparency or reporting requirements.

Regulations 52

Regulations Participant Payments API 52

Global Fintech & Digital Assets

NOVEMBER 2, 2023

A proposed rule would increase Treasury’s insight into non-US crypto mixing transactions to combat illicit activities by malicious actors. According to FinCEN, mixers are generally required to register with FinCEN if they do business as money transmitters wholly or in substantial part in the US. By Parag Patel , Eric S.

Fincen 52

Fincen Money Laundering Law Enforcement Non-Bank 52

PYMNTS

FEBRUARY 14, 2019

Along with regulatory action from tax reform and tougher Know Your Customer (KYC) rules adding the pressure of complex red tape, public companies need to add one more compliance concern to their list: changes to accounting standards by the Financial Accounting Standards Board (FASB). “In many ways, they are.”

Agreements 46

Agreements Compliance Accounts Rules 46

PYMNTS

SEPTEMBER 5, 2019

The Supreme Court ruled during 1992’s Quill Corp. North Dakota case that businesses must have physical, in-state presences to be subject to state sales tax requirements. ruling and returned the Wayfair decision to the South Dakota Supreme Court. Inside South Dakota v. The court overturned the Quill Corp.

Laws 46

Laws Compliance Rules Government 46

Fintech Finance

JUNE 6, 2024

Moreover, different payment norms, currencies and systems exist in different jurisdictions as well as different accounting and reporting requirements. Any accounting template can be built and edited within the Payhawk platform with the help of conditional rules, functions, and formatting options.

Accounts 52

Accounts Reconciliation Compromise Finance 52

FICO

OCTOBER 26, 2017

As a result, financial institutions had to set up new processes, and most of the software vendors did not enhance their FATCA compliance solutions to cover the CRS reporting requirements. Same Goal, Different Rules for FATCA/CRS Compliance. Life did not get easier. all CRS countries).

Compliance 53

Compliance IRS Agreements Audit 53

FloQast

OCTOBER 27, 2023

Changing nature of business : Because of the changing nature of business and the business environment, compliance officers deal with more complex supply and distribution channels, increasing sophistication of fraud, and a complex labyrinth of laws and reporting requirements.

Compliance 52

Compliance Best Practices Mitigation Procedures 52

PYMNTS

SEPTEMBER 4, 2019

That all changed last year with the Wayfair vs. South Dakota ruling that sought to level the playing field for brick-and-mortar stores. Even merchants that are exempt from paying taxes are often obligated to meet certain reporting requirements regarding their customers’ purchases. Navigating these laws is easier said than done.

Third Party Vendors 51

Third Party Vendors Laws Facilitators Small Business 51

PYMNTS

OCTOBER 21, 2016

Villante decided that making checks disappear was going to require the introduction of a “full-stack” payments platform and technology solution that went far beyond plain vanilla “Auth, capture, settle” payment processing.

Checks 74

Checks Push-to-Card Credit Cards Payments 74

PYMNTS

MAY 22, 2018

“The bill also gives regulators more discretion in deciding when to require stress tests of capital adequacy for banks with between $100 billion and $250 billion in assets in the event of another crisis,” according to a summary of the bill in MarketWatch.

Regulations 40

Regulations Credit Union Community Banks FDIC 40

PYMNTS

JANUARY 3, 2020

The ground zero, of course, was Wayfair , the 2018 case in which the Supreme Court ruled online retailers could be mandated to collect sales tax — and taxes could be levied by states on firms that do not have physical presence in those states. Even the consequences of non-compliance can be fragmented.

Posting 53

Posting Cross-Border Compliance Facilitators 53

PYMNTS

APRIL 28, 2016

The agency, she said, is using the rules on the biggest market participants “to really expand its supervisory authority, including over emerging lenders, and the statute allows for that.”. Many are also bound to reporting requirements with the SEC.

CFPB 40

CFPB Consumer Protection Regulatory Compliance FTC 40

PYMNTS

SEPTEMBER 25, 2019

The current regulatory climate remains in its relative infancy for this industry, so marketplace lenders are not only tasked with maintaining compliance but diligently tracking the regulatory landscape to forecast new and changing rules. In the U.S.,

Compliance 47

Compliance P2P Risk Management Regulatory Compliance 47

PYMNTS

MAY 29, 2017

Most recently, this culminated in the introduction of Duty to Report rules. The regulations came into effect last month, requiring large corporations to make their B2B payment practices public. In the U.K., regulators have taken note of the issue and have gradually made efforts to ease the financial pain for SMEs. ”

Regulations 40

Regulations Small Business Payments B2B 40

Nanonets

AUGUST 1, 2023

Data Validation and Verification: The extracted data is validated against predefined rules and matched with corresponding purchase orders and receipts to ensure accuracy and consistency. This audit trail serves as a record for compliance purposes, internal audits, and reporting requirements.

Automation 40

Automation Payment APIs and Integration Audit Rules 40