PYMNTS

JANUARY 10, 2019

Some might think of eCommerce as a global force, where technology underpins transactions done 24/7, and where even the smallest businesses can see significant top-line gains as they tap new markets. Chinese companies have to work with banks and regulators, increasingly on a daily basis, as they pursue outbound eCommerce.

eCommerce

PYMNTS

NOVEMBER 6, 2020

As eCommerce and B2B payments expand across borders, time zones and currencies, virtual international bank account numbers (IBANS) can pave the way for firms to capture online sales efficiently — and bypass the frictions of traditional banking relationships. . The banks need to be connected to the eCommerce world.

B2B

Future CFO

JUNE 16, 2022

The total cost of financial crime compliance is projected to hit close to the US$ 50.1 billion mark in 2022 in Asia Pacific, said LexisNexis recently when releasing its latest study on the cost of compliance. . Financial institutions represented more than 80% of the total cost of compliance in the region at US$ 40.8

Compliance

PYMNTS

MAY 2, 2017

It’s on the rise in the eCommerce arena, according to data released from omnichannel commerce technology and operations company Radial’s eCommerce Fraud Technology Lab. Credit card testing means that stolen credit card numbers are tested with small purchases to ensure the account is valid prior to a larger purchases.

eCommerce

PYMNTS

JUNE 10, 2020

As Kurt Smith , vice president of product and strategy at FastSpring , told PYMNTS pertaining to software providers, “the world of eCommerce has seen an explosion, particularly relating to digital software commerce.”. That means they’re going to increase scrutiny on eCommerce as brick-and-mortar transactions fade.

eCommerce

PYMNTS

SEPTEMBER 30, 2016

Markey (D-MA) yesterday when giving Fed Chief advice on how to deal with the big banks in the wake of the Wells fiasco, citing concerns over compliance lapses. But an inevitability that hasn’t gotten much mainstream airplay, probably because, by the numbers, India’s eCommerce ecosystem is very small, despite its massive population.

eCommerce

PYMNTS

JUNE 29, 2020

The coronavirus pandemic and its boost to online commerce has provided a major lift to Stripe , the San Francisco-based startup whose software provides the backbone for eCommerce networks around the world. “Stripe allows us to scale our payments system effortlessly,” said Davy Mao, an engineer at Figma, in a press release.

eCommerce

PYMNTS

SEPTEMBER 4, 2019

Successful eCommerce requires more than sellers providing in-demand products and finding digital marketplaces to connect them with interested customers. Merchants must handle the sales tax compliance obligations of each locale from which they receive money if they want to sell online. headquartered online shopping marketplace Fruugo.

Sales

PYMNTS

AUGUST 13, 2020

PAAY said its EMV 3DS offering lets merchants decrease chargeback costs, bolster authorization rates and maintain compliance as they provide an easy as well as frictionless experience for users. The company reports that retailers selling through eCommerce are experiencing record sales numbers, but fraud rates are also on the uptick.

Technology

PYMNTS

OCTOBER 5, 2020

Cybercriminals deploy a variety of tactics to process their ill-gotten gains, ranging from techniques as basic as exchanging gift cards to ones as advanced as setting up fake eCommerce storefronts. Developments Around The AML/KYC Space. AI is quickly becoming more widely accepted as an AML measure, especially for banks in Asia.

Compliance

PYMNTS

OCTOBER 5, 2020

Maintaining compliance can be tricky for merchants, however, as they may struggle to comprehend all aspects of these rules or find cost-effective ways to adhere to them. Compliance Complexities. Merchants may also look to payments orchestration platforms to help them manage compliance needs. Orchestrating A Solution.

Compliance

PYMNTS

OCTOBER 11, 2019

Richard Asquith, vice president of Global Indirect Tax at Avalara , told PYMNTS in a recent interview that eCommerce tax policies are fragmented when viewed across the international stage — and they’re about to get even more challenging. The marketplaces take legal title to what’s being sold and are responsible for the VAT calculation.

eCommerce

PYMNTS

OCTOBER 1, 2019

Key international negotiations surrounding Brexit stand to reshape global eCommerce, including the kinds and amounts of taxes that online marketplaces will face. 31 whether or not a deal is signed, however, leaving businesses to guess how they should prepare for any new tax compliance obligations that could be set in motion.

eCommerce

PYMNTS

OCTOBER 28, 2020

This growth is not expected to slow down anytime soon, with eCommerce and its associated digital payments expected to hit $4.5 This growth is in part being driven by new investments in payments automation, particularly those that reduce the impact of compliance-related barriers. trillion in 2020. trillion in transaction value by 2023.

B2B

PYMNTS

SEPTEMBER 28, 2020

The Commission also respectfully considers that in its judgment, the General Court has made a number of errors of law. Developers who are not in compliance will be urged to update their apps to bring them in line.” For this reason, the Commission is bringing this matter before the European Court of Justice.".

Compliance

PYMNTS

FEBRUARY 2, 2021

The conversation came against the backdrop where i2c announced a partnership with TAG, to launch a super app that provides instant payments capability to Pakistan’s unbanked adult population, which at present numbers about 100 million individuals. In commerce and in the great pivot away from cash, challenges remain — tied to acceptance.

eCommerce

PYMNTS

FEBRUARY 14, 2020

Amazon and Flipkart are pushing back against a proposed Indian tax on the online eCommerce market, saying it will stymie growth in the industry, according to a report by Reuters. . The tax would be 1 percent on every sale made by a seller on the eCommerce platforms, and it would take effect in April if approved by the country’s parliament.

eCommerce

PYMNTS

APRIL 2, 2019

“The number of brands and products within our new cannabis economy has been explosive, making it difficult for retailers to deal with multiple parties in an increasingly fragmented market,” said Canopy Rivers President Narbé Alexandrian in a statement announcing the funding.

B2B

PYMNTS

OCTOBER 23, 2017

Linden unpacked the findings of a recent whitepaper by Paysafe, “ Lost In Transaction: Volume II ,” which showed what consumers really want from their eCommerce experience. It’s only natural, he said, that the number and magnitude of these breaches is making consumers cautious. Trust is not always based on facts.

Securities

PYMNTS

NOVEMBER 14, 2019

2.5M: Number of Americans affected annually by fraudsters using identities belonging to the deceased. 24 percent: Share of Asia-Pacific banks that cite managing KYC compliance as a top challenge. Data: 34 percent: Share of Europeans who want biometric KYC from their FIs to ascertain consumer identities.

eCommerce

PYMNTS

JUNE 15, 2018

With the B2B eCommerce market towering over B2C’s in terms of transaction value — Forrester Research estimates the U.S. But the reconciliation, security, payment terms and buyer-supplier relationship do not mean one size fits all for B2B transactions initiated on an eCommerce platform. “But these are complex to reconcile.

B2C

PYMNTS

APRIL 24, 2019

As the number of sharing economy participants grows worldwide, governments and regulatory bodies are starting to ask more questions. In the April edition of the Payments And The Platform Economy Playbook , PYMNTS examines how regulatory compliance changes are impacting the growth of the sharing economy.

Marketing

PYMNTS

OCTOBER 12, 2020

With consumers and eCommerce companies concerned about shipping times during the holiday period, Apple reportedly will use its stores in a similar fashion. With eCommerce expected to more than double last year’s levels, it also continues to affect other parts of the economy. to ship items. rose by 10,000 in August to 1.45

eCommerce

PYMNTS

JULY 17, 2019

The cost of compliance has also been a potential barrier for many merchants, which has motivated some to partner with third parties to meet compliance regulations. based eCommerce marketplace OnBuy is partnering with players like PayPal. For example, U.K.-based To some degree.

Retail

PYMNTS

FEBRUARY 10, 2020

15 that hackers stole customer names, credit card numbers and other personal information. Salesforce is part of the complaint because it hosted the Hanna Andersson eCommerce site. According to TechCrunch , i360, an advertising and data company, no longer asks for full Social Security numbers, opting instead for the last four digits.

Retail

PYMNTS

DECEMBER 19, 2019

The obvious ones are things like language, government and regulation — but there is also a massive number of smaller cultural nuances, so there is no such thing as a simple strategy in terms of dealing with the market. What will that compliance look like in the in the EEA and around the world? Why Bigger is Better in SCA Adoption.

Compliance

PYMNTS

SEPTEMBER 16, 2020

India’s Flipkart Group , the eCommerce firm owned largely by Walmart Inc., Reuters reported sources said work is underway to meet compliance, legal and finance functions that will meet regulatory standards. is preparing an initial public offering (IPO) as early as next year, Reuters reported.

Valuation

PYMNTS

SEPTEMBER 3, 2019

eCommerce firms are navigating a tax collection environment that increasingly requires technology and automation to ensure compliance. eCommerce sales in 2020. 157 million: Minimum number of API calls the CitiConnect platform has processed since its launch. 659B : Estimated potential value of U.S.

Technology

PYMNTS

JULY 23, 2019

Even this close to the deadline, research suggests that businesses have underestimated the complexity of compliance tools and the exemptions process, or they are unfamiliar with the latest version of the security protocol known as 3D Secure. As laborious as compliance may be, any exemptions to the regulations will only prolong the effort.

Compliance

PYMNTS

NOVEMBER 25, 2019

The cost of the new taxes does not seem to be weighing businesses down, but the pain of compliance certainly is, he said. . They must, therefore, figure out which jurisdictions make them responsible for all their sales’ eCommerce taxes and which require some or all of the platforms they sell on to collect those taxes.

Economics

PYMNTS

OCTOBER 26, 2016

Intel Director of Mobility and Secure Payments Michelle Tinsley noted that, oftentimes, businesses are so hyper-focused on safeguarding payment data and PCI compliance that they easily lose sight of the other places where consumer data is left unprotected. to provide additional layers of security. Covering All The (Data) Bases.

Securities

PYMNTS

NOVEMBER 22, 2018

The number is a significant one, as there were more than 2.2 New rules mean new compliance activities, which, of course, mean additional compliance costs for these stakeholders — as much as $489 million. It’s a step toward compliance with RBI dictums that payment companies must store that transaction data on local servers.

Compliance

PYMNTS

NOVEMBER 19, 2020

The partnership supports Payment Canada's need for RTR to enable ISO 20022 messaging standards and remain in compliance with the Bank of Canada 's risk management standards for payment systems, an announcement revealed.

B2B

PYMNTS

DECEMBER 6, 2016

While momentum may be a relative term, in the eCommerce space, it is clear that there is momentum with more consumers choosing to shop online. We’re starting to see momentum in digital wallets being picked up by merchants,” Bill Cohn, head of eCommerce products at Vantiv, told Karen Webster.

eCommerce

PYMNTS

SEPTEMBER 27, 2019

Countries around the globe are launching new digital sales taxes in efforts to improve their revenue streams and create more balanced business environments for domestic brick-and-mortars and foreign eCommerce marketplaces. India, the European Union and a number of U.S. Around the Next-Gen Sales Tax world. marketplace PuroTrader.

Sales

PYMNTS

DECEMBER 31, 2020

From the back-office bean counter to the overseer of cybersecurity and anti-money laundering (AML) compliance, the modern corporate treasury has undergone an extreme makeover in recent years that goes well beyond its historic roots in cash management. There are a number of things that intersect here: data, privacy, consumer protection.

Healthcare

PYMNTS

SEPTEMBER 20, 2018

However, keeping track of data in a way that enables secure storage, efficient access and analysis, compliance with regulations and — ultimately — its profitable use is quite another topic. As a result, these companies can generate higher returns while cutting costs and reducing compliance burdens at the same time.

Retail