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Risk & Compliance

Payment Week articles in the Risk & Compliance category

Latest Risk & Compliance News

KL Design LLC Partners with PrivacyCheq to Deliver Custom GDPR Compliance Solutions

September 6, 2024 by

Today, PrivacyCheq announced a worldwide partnership agreement with KI Design LLC to distribute ConsentCheq CDK, its compliance solution for the EU General Data Protection Regulation.

Risks in Mobile Payments Get More Pronounced

May 19, 2024 by

A recent look at the mobile payments market suggests that it’s about to get a little riskier, as major firms get in on the action and regulation is left hard-pressed to keep up.

Provenir Now Integrated with Salesforce

May 18, 2024 by

Provenir, a provider of risk analytics and decisioning solutions, made the announcement recently regarding the integration of its platform with Salesforce.

NY Regulator Grants First BitLicense to Circle

September 24, 2024 by

The New York State Department of Financial Services (NYDFS) awarded the first-ever BitLicense to Circle, a leading bitcoin wallet provider.

BitPay CFO Opened Phishing Email Link that Cost His Company $1.8 million

September 21, 2024 by

BitPay apparently filed a claim with Massachusetts Bay Insurance Company (MBIC) in December 2014 that it lost around 5,000 BTC worth around $1.8 million.

Breaking: CFTC Views Leveraged Bitcoin Contracts as Swaps

September 17, 2024 by

In an unprecedented decision, the CFTC maintains that bitcoin as well as other virtual currencies are deemed as a commodity under the Commodity Exchange Act.

Retailers Urge Senate to Pass Cyber Intelligence Sharing Bill

August 5, 2024 by

Multiple retail associations have sent a letter of support for the Cybersecurity Information Sharing Act of 2015 (CISA) and urged the Senate to “act without delay” to help stave off cyber threats facing retailers across the nation.

Bitcoin: Elliptic Launches Blockchain Visualization Tool to Boost Anti-Money Laundering Efforts

June 19, 2024 by

Elliptic, a bitcoin security firm that specializes in analytics and monitoring, released a new online tool that can help businesses track payments on the blockchain in real-time.

FIS Opens Center of Regulatory Intelligence in Washington, D.C.

June 17, 2024 by

FIS, a global establishment that specializes in payments technology and banking solutions, announced the launching of the Center of Regulatory Intelligence.

Bitcoin Exchange ShapeShift Protests Against BitLicense, Suspends NY Service

June 12, 2024 by

In light of the new bitcoin regulations imposed on virtual currency businesses based in New York, ShapeShift, a cryptocurrency exchange platform, has decided to shut down its operations in the area.

New York Financial Regulator Set to Reveal Details of New Bitcoin License

May 22, 2024 by

Benjamin Lawsky, superintendent of the New York State Department of Financial Services (NYDFS), is expected to release the official guidelines for New York’s BitLicense in the coming weeks.

Financial Regulatory Reform Initiative: A Flexible Federal Reserve Is the Best Way Forward

May 21, 2024 by

Martin Neil Baily and Phillip L. Swagel, co-chairs of the Financial Regulatory Reform Initiative, have made a statement detailing how they foresee a potential catastrophe should there be another financial crisis.

Danish Government Initiates New Proposal for Cashless Society

May 12, 2024 by

Denmark has set a proposal that would allow select businesses to reject cash as a mode of payment starting January 2016.

Ripple Labs and XRPII Fined $700,000

May 7, 2024 by

As bitcoin and other cryptocurrencies balance their prices following a period of decline, a civil enforcement action has been made against a virtual currency business.

Apple Steps Up its Lobbying Efforts in Mobile Payments

April 23, 2024 by

Apple is stepping up its lobbying efforts in the United States, with a good chunk of focus on the mobile payments front.

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