Accenture: Banking

SEPTEMBER 11, 2020

Government regulations? In the case of touchless payments in the United States, change has mostly moved at a glacial pace—until COVID-19. What drives change in an industry? Businesses?

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Bobsguide

FEBRUARY 8, 2019

The US handles almost a quarter (22.6%) of all bitcoin volumes, according to coin.dance statistics, yet regulators across the country’s 50 states have different rulings on the legality and usage of virtual currencies. Under the Supremacy Clause (Article VI, Clause 2) of the Unites States.

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Perficient

JUNE 30, 2022

Members of Perficient’s Digital Asset Team have advised followers in multiple online articles about the digital asset revolution and relevant regulations affecting the same in the United States. Highlights From Federal Bank Regulators’ Joint Statement on Cryptocurrency Assets – Perficient Blogs.

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Perficient

FEBRUARY 24, 2021

Industry Regulations. Certain industries, like government or financial services, may be explicitly regulated to the U.S., meaning companies cannot utilize offshore resources and must keep their software development projects in the United States. Industry Regulations. Nearshore Delivery Benefits. Lower Cost Savings.

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Perficient

AUGUST 5, 2021

The FedNow Service is a new 24x7x365 service that will support instant payments in the United States and is expected to be available in 2023. Interbank wires will now move funds faster than Venmo. Comments must reference Docket No. R-1750 and RIN 7100-AG16. The Federal Reserve is accepting comments directly via: 1) Web: [link].

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Bank Innovation

JANUARY 24, 2018

JPMorgan Chase will open 400 new branches in the United States, raise the hourly wage for a portion of its workforce, and add new jobs to its banks as part of a $20 billion investment program, the bank said yesterday. The new branches will join the 5,130 Chase is already operating in the U.S., raising […].

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PYMNTS

DECEMBER 18, 2020

The paper said that prior to the approval of vaccines by regulators in the United States and the European Union, authorities had warned that fraudsters would use the opportunity to launch scams or sell stolen doses. In the United States, the FBI posted guidelines on its website for avoiding COVID-19 crime.

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PYMNTS

MAY 9, 2019

European Union antitrust regulators are going to fine seven banks for manipulating the foreign exchange market, according to reports. BNP Paribas, Barclays, Citigroup, JPMorgan , Royal Bank of Scotland and UBS have all entered guilty pleas in a related case in the United States. regulators.

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PYMNTS

JANUARY 24, 2019

With concerns mounting over the use of facial recognition technology to monitor people and intrude on privacy, Microsoft Chief Executive Satya Nadella said he supports regulation of the technology. He noted that self-regulation is still very important but laws may be needed to prevent any harmful outcomes the technology could have.

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PYMNTS

MARCH 30, 2020

Retailers also typically have more personal relationships with consumers as they deal more directly with them than regulators. It is unclear how many privacy rules state regulators are looking to implement, but what retailers and consumers want from these rules — increasingly transparent data access and control — stands out.

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Abrigo

SEPTEMBER 20, 2023

Regulators take risk seriously, and knowing just how much risk your institution can take while remaining compliant is essential. Despite their size, this Miami credit union still took on giant risks that, according to FinCEN, exposed the United States financial system to significant opportunities for money laundering and terrorist financing.

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Compliance Regulation Miami Fraud 150

PYMNTS

MARCH 9, 2020

We’ve encountered such cases before, but there was no legal regulation of the mechanism for seizing cryptocurrency,” he said, according to Cointelegraph. “I Paul Gosar of Arizona has put forward a bill that aims to associate a broad array of digital assets to the suitable regulator, Cointelegraph reported. In other news, U.S.

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Bitcoin Regulation Arizona cryptocurrency 172

PYMNTS

NOVEMBER 2, 2020

Regulation. The Digital Services Act will be one of the regulations, which Vestager said will revise the eCommerce Directive and will make digital services take additional responsibility for contending with “illegal content and dangerous products.”. The Digital Markets Act is a second set of regulations. each month.

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PYMNTS

JANUARY 8, 2021

In today’s top payments news around the world, the United States is halting tariffs on French products, while the Cyberspace Administration of China is considering a revamp of internet oversight regulations. The United States is scrapping an effort to place tariffs on $1.3

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Perficient

MAY 25, 2023

Promethium Ember Capital, (“PEC”), a wholly owned subsidiary of Promethium, has become the first digital asset custody provider to come under federal regulation. Secondly, as a qualified custodian, which is what the SPBD classification offers, subjects Promethium to provisions of the landmark United States Exchange Act of 1934.

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cryptocurrency United States Retail Security 251

PYMNTS

OCTOBER 14, 2020

Bloomberg reported that MercadoLibre, which is based in Argentina and registered in the United States, has seen its market value rise to $61 billion — driven in part by the shift to online shopping caused by the pandemic. However, it is not simply a technology or a regulation. million on a peak day last year.

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PYMNTS

SEPTEMBER 21, 2020

In a bit of high-tech saber-rattling, Facebook is threatening to pull the plug on its social media platform in the European Union if a controversial decision by Irish regulators is allowed to stand. according to Metro. government. government.

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Bank Innovation

MARCH 27, 2020

In a week that saw the coronavirus pandemic amplify in the United States, the fintech sector continued to weather economic dislocation and uncertainty. But even amid this uncertainty, fintech companies began formulating strategies to help banking and consumers emerge from the crisis with better tools and solutions.

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PYMNTS

NOVEMBER 23, 2020

A recent report released by the United Nations found that 132 out of 194 countries have now introduced data protection regulations of some kind, all varying in terms of what type of information they protect and the severity of their restrictions. Around The Data Protection World.

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PYMNTS

JULY 26, 2020

The Securities Commission Malaysia (SC) is planning to expand regulations to encompass digital asset wallet providers, adding to its frameworks that currently address Digital Asset Exchanges (DAX) and Initial Exchange Offering (IEO), the SC announced Thursday (July 23). Meanwhile, in the court case United States v.

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PYMNTS

SEPTEMBER 11, 2019

In reports earlier this year, it was noted that Amazon could be on tap to receive more antitrust scrutiny under an agreement by regulators in the United States. According to a published report that cited people familiar with the matter, under the agreement the FTC more closely regulates the eCommerce giant.

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Marketing United States Regulation Retail 248

Abrigo

JULY 29, 2021

Takeaway 1 Political corruption continues to be a serious global threat, and is clearly becoming as much of a threat in the United States. The United States financial system has long been a desired destination of illicit funds linked to senior foreign political figures and kleptocracy, a state of unrestrained political corruption.

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Perficient

MARCH 3, 2022

Federal bank regulators work together to design Comprehensive Capital Analysis and Review (“CCAR”) stress tests that are designed to ensure that even in the case of a severe recession, significant banks can lend to households and businesses. As repeated by federal bank regulators, the required economic scenarios are not forecasts.

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PYMNTS

OCTOBER 8, 2018

The impact of Europe’s General Data Protection Regulation ( GDPR ) continues to take shape roughly five months after taking effect, and Facebook could be on the hook for billions of dollars in fines tied to a data breach of about 50 million user accounts. Crypto Regulations. Regulatory Fines, on a Global Scale. billion.

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United States Regulation cryptocurrency Cleveland 174

PYMNTS

SEPTEMBER 20, 2019

“It is very unlikely that one can totally stop people from buying Libra despite rigorous regulations.”. Mu does believe there is one scenario where countries would be able to block Libra: If the United States decides to ban it. “If We have to get to a place where we can be confident that trading is better regulated.”.

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Bitcoin Regulation cryptocurrency United States 139

PYMNTS

OCTOBER 13, 2020

Across the globe, terrorists and criminals are leveraging cryptos in what is gearing up to be a significant national security threat to the United States. That’s according to the U.S. In the report from the U.S. The terrorist threat, in particular, represents what the report termed “the first raindrops of an oncoming storm.”

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cryptocurrency United States social media Regulation 206

PYMNTS

OCTOBER 17, 2018

Short-term lending – specifically, payday loans – have attracted a lot of attention in recent years, from the media and from the regulators. Which, the research group notes, is perhaps a bit surprising, considering how large of a footprint installment lending already has in the United States – both geographically and in terms of funds loaned.

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Regulation Lending United States Data 152

PYMNTS

JANUARY 10, 2020

After allegations of patent infringement by Koninklijke Philips and its North American unit, regulators with the United States International Trade Commission (USITC) said they will look into wearable monitoring devices with the inclusion of those made by Garmin and Fitbit , Reuters reported.

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PYMNTS

JUNE 29, 2020

Small- to medium-sized businesses (SMBs) have been especially hard hit, as many have pivoted quickly to enable online transactions and adhere to the regulations that often accompany them. The health crisis has brought about changes to this rule, however, and these may have long-term implications for payment standards and regulations.

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Abrigo

JUNE 27, 2023

Regulations such as Geographic Targeting Order updates help identify AML risks by requiring identification for certain real estate purchases. The limited regulation around the real estate industry has made it especially easy for these bad actors to cycle their dirty money into the financial system using this avenue. In 2017, over 5.51

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PYMNTS

DECEMBER 14, 2020

while Mexico antitrust regulator Cofece has reportedly given the go-ahead to the acquisition of Cornershop by Uber. Chase Bank and Mastercard have teamed with Air Canada to debut the air carrier’s Aeroplan credit card in the United States. Mexican Regulator Gives Go-Ahead for Uber’s Cornershop Acquisition.

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PYMNTS

JANUARY 10, 2020

After allegations of patent infringement by Koninklijke Philips and its North American unit, regulators with the United States International Trade Commission (USITC) said they will look into wearable monitoring devices with the inclusion of those made by Garmin and Fitbit , Reuters reported.

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Regulation US United States Google 130

Abrigo

JANUARY 21, 2020

Despite Federal ambiguity, State Regulators are beginning to clearly define their stances on cannabis banking. In December, the United States Government Accountability Office released a report to Congress that addressed compliance challenges associated with money transmitter accounts. State Banking Regulators.

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PYMNTS

JANUARY 2, 2019

And how will regulators and lawmakers respond? Artificial intelligence — arguably one of the most important digital technologies going into 2019 — could soon face export regulations set by the U.S. Their argument has three main points: Restrictions could harm companies in the United States and help international competitors.

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PYMNTS

SEPTEMBER 8, 2020

For Google's parent company, Alphabet , the Australian probe comes amid similar investigations elsewhere, including in the United States. The inquiry announced today is part of a previously disclosed five-year examination by the Australian consumer agency into the market for digital platforms.

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Google Apple Regulation United States 140

PYMNTS

APRIL 14, 2020

Gig workers’ rights and benefits — including healthcare and access to unemployment — have become key topics debated by regulators in th e United States as they work to figure out how to provide support. and other countries is the way consumers and regulators th ink about it.

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Abrigo

DECEMBER 5, 2019

Banking regulators, state regulators, and FinCEN release joint statement. The 2018 Farm Bill removed hemp as a Schedule I narcotic under the Controlled Substances Act and directs the United States Department of Agriculture (USDA) to regulate legal hemp cultivation and production. BSA Rules and Regulation.

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