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6 Oct 2016, 1:53 pm by Charles (Chuck) Rubin
Here is an excerpt from the Internal Revenue Manual on this subject: 5.1.24.5.3  (08-15-2012)Use of Electronic Federal Tax Payment System (EFTPS) for Payment Verification An employer should ensure its PSPs are using EFTPS so the employer can confirm payments are being made on its behalf. [read post]
3 Dec 2021, 9:49 am by Kristian Soltes
The center, in partnership with the Bank for International Settlements (BIS) Innovation Hub, will help the central bank improve the current payments system, Fed Chair Jerome Powell said in remarks prepared for a virtual event on Monday. [read post]
1 Oct 2019, 3:44 am by Andrew Murray
McSwain announced that International SOS Assistance, Inc., International SOS Government Services, Inc., International SOS, LP, Air Rescue Americas, Inc. [read post]
22 Oct 2020, 7:06 am by Kristian Soltes
“Unlike some jurisdictions, here in the United States we continue to see strong demand for cash,” he said during a panel on cross-border payments and digital currencies hosted Monday by the International Monetary Fund. [read post]
27 Oct 2023, 6:00 am by Michelle
BIS Advances Oversight Structure for Broader Faster Payments EcosystemPayments Dive – October 23, 2023 Strategic alignment among jurisdictions seeking to develop a worldwide governance of interlinked faster payment systems is key, along with a long-term plan and flexibility, according to an interim report published last week by a committee of the Bank for International Settlements. [read post]
15 Oct 2020, 9:00 am by Kristian Soltes
At present, The Bank of England, Financial Conduct Authority, Payment Systems Regulator, and HM Treasury each have specific roles and responsibilities for oversight of the cash system. . . . [read post]
17 Jul 2019, 10:32 am by Kristian Soltes
Facebook Moves Closer to WhatsApp Payment Service Debut in IndiaBloomberg – July 16, 2019 Facebook Inc. [read post]
12 Jun 2020, 7:44 am by Kristian Soltes
Interoperability in a faster payment system can help achieve seamless processing – both sending and receiving – of payment instructions across a variety of payment solutions. [read post]
25 Jun 2020, 8:00 am by Kristian Soltes
Bank authorities requested that Mastercard Inc. and Visa Inc. stop payment and money transfer activities through the app. . . . [read post]
28 Jul 2015, 5:30 am by Kori Shafer-Stack
All rights reserved under International Copyright Law. [read post]
23 Jul 2020, 7:22 am by Kristian Soltes
Brazil Will Authorize Payments System Involving WhatsApp If Rules Are Respected, Central Bank Director SaysReuters – July 13, 2020 Brazil’s central bank will authorize a payments system involving Facebook Inc’s (FB.O) WhatsApp messaging service, to send money and make payments via chats, as long as all rules are respected, director Joao Manoel Pinho de Mello said on Monday. [read post]
21 Jan 2021, 9:06 am by Kristian Soltes
Last year Amazon stated they would be licensing their autonomous checkout system to retailers. [read post]
22 Apr 2021, 8:58 am by Kristian Soltes
With the approval during a marathon, partisan hearing, the more than 400-page staff report will become an official committee report, and the blueprint for legislation to rein in the market power of the likes of Alphabet Inc’s (GOOGL.O) Google, Apple Inc (AAPL.O), Amazon.com Inc (AMZN.O) and Facebook Inc (FB.O). [read post]
27 Aug 2023, 7:49 pm by The White Law Group
As we have previously reported, GWG Holdings, Inc. filed for Chapter 11 bankruptcy protection on April 20, 2022, after failing to make $13.6 million in interest payments to bondholders in January. [read post]
1 Oct 2021, 8:47 am by Kristian Soltes
Online Powerhouse GoDaddy Takes the Next Step With Card-Present TransactionsDigital Transactions News – September 29, 2021 GoDaddy Inc., which launched GoDaddy Payments in June to unify its transaction services following its December deal to buy point-of-sale terminal maker Poynt Inc., released a countertop payment terminal and mobile card reader with lower fees than most competitors. [read post]
18 Feb 2021, 9:15 am by Kristian Soltes
Citi Loses Bid to Recoup Massive Mistake in Surprise RulingBloomberg Law – February 16, 2021 Citigroup Inc. unexpectedly lost a legal battle to recover half a billion dollars it sent Revlon Inc. lenders, after the embarrassing blunder forced it to answer to regulators and tighten its internal controls. [read post]
30 Oct 2020, 2:41 pm by Hunton Andrews Kurth LLP
On October 30, 2020, the UK Information Commissioner’s Office (“ICO”) announced its fine of £18.4 (approximately $23.9 million) issued to Marriott International, Inc., (“Marriott”) for violations of the EU General Data Protection Regulation (“GDPR”). [read post]
1 Apr 2021, 8:44 am by Kristian Soltes
JB Carter Enterprises, which does business as ATM Merchant Systems, provided enough evidence that Elavon Inc. may have breached its contracts and engaged in unfair dealing, the court found Monday. [read post]