PYMNTS

SEPTEMBER 13, 2020

In a joint statement Friday (Sept. Some central banks and regulators expressed concern that Libra could hurt monetary policy, make it easier for money laundering schemes and strip away privacy, according to Reuters. The association declined to comment, Reuters reported.

Finance 145

Finance Technology 145

CPA Practice

DECEMBER 19, 2023

These tools should help in areas like automated bookkeeping, financial statement analysis and predictive budgeting. Small firms must ensure AI is used responsibly, upholding principles of fairness and transparency, while also protecting your clients’ privacy and respecting confidentiality obligations.

accounting firms 124

accounting firms Account accountant accounted 124

CPA Practice

JUNE 14, 2023

For comparison, business leaders call out environmental responsibility and technology/privacy practices as top concerns. Only 6% of future talent says that “statements from their CEO” are the most meaningful evidence of business ethics, compared to 16% of business leaders.

public accounting 105

public accounting Account accountant accounted 105

PYMNTS

JANUARY 20, 2021

The European Commission and the European Central Bank (ECB) have released a joint statement saying they’re considering beginning work on a digital euro. It would be a “complement to cash and payment solutions supplied by the private sector,” according to the statement. Now that a public consultation that took place Jan.

Legal 68

Legal accounting and finance Finance Technology 68

ThomsonReuters

MARCH 19, 2024

As open-source generative AI platforms (like ChatGPT) gain momentum, there are concerns around accuracy, security, and privacy — especially when it comes to handling clients’ sensitive tax information. Accounting firms must communicate the steps taken to ensure the security and privacy of client data. But what exactly are the risks?

Tax 52

Tax Technology Education auditor 52

CPA Practice

DECEMBER 11, 2023

Top 10 AI Predictions for 2024 with an Accounting Focus First, remember that we want to keep client data confidential, that privacy is paramount, and that hallucinations in AI can be an issue in AI. Accountants must ensure that AI is implemented responsibly and transparently, focusing on fairness, data privacy, and security.

Technology 124

Technology audit E-commerce accounting principles 124

CPA Practice

JANUARY 4, 2024

Google in a court filing last year argued that its privacy policy “expressly disclosed” the ways data would be collected and used, and that the plaintiffs agreed to it. In a statement to this news organization last year, Google said it strongly disputed the lawsuit’s claims.

Arkansas 105

Arkansas Florida California 105

Accounting Insight

APRIL 3, 2024

Data might be extracted from invoices, bank statements or receipts. Not only does the automation of processing data reduce the risk of human error in financial calculations and reporting, it also helps to ensure the accuracy of financial statements. What are the benefits of AI for Accountants?

Account 52

Account accountant accounted Technology 52

PYMNTS

JULY 24, 2019

For Facebook, it’s a $5 billion fine and a “fundamental shift” in how the social media giant addresses privacy practices. But beyond the financial settlement, the settlement also mandates that Facebook change the way it addresses privacy issues. The FTC also has mandated stricter oversight over third-party apps.

43

43

PYMNTS

JULY 24, 2019

For Facebook, it’s a $5 billion fine and a “fundamental shift” in how the social media giant addresses privacy practices. But beyond the financial settlement, the settlement also mandates that Facebook change the ay it addresses privacy issues. The FTC also has mandated stricter oversight over third party apps.

43

43

PYMNTS

NOVEMBER 16, 2020

When Brazil’s central bank halted WhatsApp’s first bid to offer payments services, it cited concerns over preserving competition in the country’s emerging payments sector and ensuring data privacy protection. So, will WhatsApp’s payment service be allowed to operate within the central bank’s newly launched platform, Pix?

105

105

PYMNTS

JUNE 24, 2020

But Brazil’s suspension of the feature will let the Central Bank evaluate the possible risk to the country’s banking system, including potential threats to “competition, efficiency and data privacy,” the bank said, according to Bloomberg.

112

112

PYMNTS

JULY 14, 2020

Google is objecting to a fine issued by Belgium’s privacy watchdog, the latest for alleged violations from a European privacy regulator. We didn’t believe this case met the European Court of Justice’s criteria for delisting published journalism from search,” Google told Bloomberg in an emailed statement. “We

Technology 56

Technology 56

PYMNTS

OCTOBER 13, 2020

13) statement posted on the U.S. Ransomware is primarily a profit-seeking endeavor, and its purveyors generally focus on the most lucrative targets, such as those with significant sources of funding or those with limited cyber security protection,” according to the statement. Department of Treasury website.

Entertainment 78

Entertainment Education Government Finance 78

Cherry Bekaert

MARCH 4, 2024

Compliance: In preparation for a successful annual audit, the establishment of accurate financial statements was critical. With the guidance of Cherry Bekaert, the deployment of Sage Intacct helped Stravos adhere to legal and regulatory requirements that govern financial reporting, data security, privacy, and taxation.

general ledger 52

general ledger Education Technology accounting and finance 52

PYMNTS

JANUARY 29, 2019

In its 2019 Data Privacy Benchmark Study, published last week, Cisco found that the combination of security best practices and investment in cybersecurity technology correlates to a lessened impact from data breaches. But for companies that are GDPR-ready, sales delays were significantly shorter — 3.4 weeks, compared to 5.4

Education 59

Education Gaming Sales Technology 59

PYMNTS

MAY 25, 2018

As Europe’s General Data Protection Regulation (GDPR) comes into effect, Facebook privacy critic Max Schrems has filed four complaints over consent required to use online services. It’s simple: Anything strictly necessary for a service does not need consent boxes anymore,” Schrems wrote in a statement.

Government 70

Government Account accountant accounted 70

PYMNTS

OCTOBER 14, 2018

“Venmo is always evaluating what’s best for our customers,” a PayPal spokesman wrote in an emailed statement. The safety and privacy of Venmo users and their information is always a top priority, and we do a number of things to keep our users informed and help them protect and control their privacy.”

Account 76

Account accountant accounted 76

PYMNTS

NOVEMBER 10, 2020

“The combined Bluefin/PAAY solution set is as close as we can get to a silver bullet in payment security for eCommerce transactions,” Ruston Miles , co-founder and chief strategy officer at Bluefin, said in a statement on Tuesday (Nov. Most online merchants rely solely on SSL/TLS to encrypt the data being sent from their websites.

New York 93

New York California Technology Retail 93

ThomsonReuters

JULY 1, 2021

This is PHI that generally cannot be disclosed to the plan sponsor unless the privacy rule’s prerequisites for such disclosures have been met. This requirement applies to medical information related to COVID-19, such as employees’ statements that they have (or think they have) the disease. Contributing Editors: EBIA Staff.

Legal 52

Legal Tax Account accountant 52

PYMNTS

NOVEMBER 16, 2020

“We have fulfilled and will always remain faithful to our mission — to improve patient health and quality of life by delivering superior primary care medical services, while forming life-long bonds with our members,” Cano Health Founder and CEO Dr. Marlow Hernandez , said of the deal in a statement. “We

Healthcare 78

Healthcare Nevada Florida Texas 78

Basis 365

JULY 28, 2023

Ensuring compliance with accounting standards and accurately reflecting revenue on financial statements is crucial to maintain transparency and trust with stakeholders. Incorrect inventory valuation can lead to inaccurate financial statements, affecting profitability and decision-making.

Account 52

Account accountant accounted financial statements 52

PYMNTS

MAY 21, 2020

“Visa’s investment will allow us to increase our focus on interactive self-service analytics, user interfaces and data visualizations, as well as expand our customer support for managing complex data governance, compliance, cybersecurity, and privacy matters,” Stanek said in a statement.

Government 74

Government 74

PYMNTS

SEPTEMBER 9, 2019

In addition, he rejected Facebook’s argument that the users were not subjected to any “tangible” harm and had no legitimate privacy interest in information shared on social media. Sharing information with your social media friends does not categorically eliminate your privacy interest in that information,” he wrote.

Legal 45

Legal B2B 45

PYMNTS

SEPTEMBER 30, 2018

Facebook could get hit with a massive EU fine by a European Union privacy watchdog after the company announced on Friday (Sept 28) it had suffered a Facebook data breach that compromised the accounts of more than 50 million users. billion if regulators find the company violated the bloc’s strict new data privacy law.

Account 72

Account accountant accounted 72

PYMNTS

OCTOBER 12, 2020

The draft statement seen by Reuters indicated that any electronic currency system would have to be “appropriately supervised and regulated so that they would not undermine financial stability, consumer protection, privacy, taxation or cybersecurity.”.

Legal 80

Legal Finance 80

PYMNTS

NOVEMBER 30, 2020

The operation's purview will include enforcing new regulations governing consumer data privacy and the preservation of small businesses and small- and medium-sized news operations. s Competition and Markets Authority (CMA), the agency that oversees enforcement of antitrust laws. The rules are set to take effect in April. According to the U.K.

Technology 75

Technology cma Government 75

PYMNTS

APRIL 10, 2020

“All of us at Apple and Google believe there has never been a more important moment to work together to solve one of the world’s most pressing problems,” the companies said in a statement. In a blog post , Google said privacy is key.

Technology 85

Technology Healthcare Washington California 85

PYMNTS

NOVEMBER 25, 2019

A Facebook spokesperson told news outlets in a statement that it’s not out of the ordinary for the company to develop apps for internal use only. It pre-dates the 2018 Cambridge Analytica privacy scandal that exposed as many as 87 million Facebook users. The suit alleged that Facebook broke an Illinois biometric privacy law.

Illinois 52

Illinois Technology 52

PYMNTS

JULY 10, 2020

We constantly evaluate and update our ad policies to ensure we are protecting users,” Google said in a statement. “We In May, Apple and Google-parent Alphabet said they would ban the use of location-tracking software as part of a contact tracing app built to combat COVID-19 because it could compromise privacy.

Start-ups 56

Start-ups Technology Account accountant 56

Cherry Bekaert

MAY 11, 2023

An important factor to keep in mind when aligning data and controls is to test the strengths of the cybersecurity and data privacy systems. Research your bank’s overall financial condition by reviewing audited financial statements as well as the bank’s quarterly CALL reports.

Technology 98

Technology Non-Profits payroll tax payroll 98

PYMNTS

DECEMBER 28, 2018

According to recently published research, privacy concerns have caused 66 percent of American and European early adopters to delay smart home device purchases. With even the most eager consumers keeping a wary eye on new features, platform providers must make careful design choices to woo privacy-conscious customers. .

Technology 64

Technology Retail 64

PYMNTS

FEBRUARY 27, 2020

As William Carter, deputy director and fellow for the technology policy program at the Center for Strategic and International Studies, recently told PYMNTS , “China is viewed externally as a country where privacy is not expected and not thought about, but I do not think that accurately reflects how it is viewed within China.”

quickbooks 77

quickbooks Accounts Payable Automation accounts payable accounting and finance 77

PYMNTS

DECEMBER 20, 2018

Some businesses are already feeling the effects of privacy regulations. The legislative body is already evaluating the Secure Elections Act and the Email Privacy Act, and California legislators recently passed new privacy laws that will go into effect in 2020. Are Merchants Ready For PSD2? About The Tracker.

California 74

California Government Technology Maine 74

Withum

JANUARY 30, 2024

CBDCs enable real time reporting of transactions and balances, which can improve the accuracy and timeliness of financial statements. The benefits and challenges of each integration option depend on the trade-offs between efficiency, security, privacy, and inclusion.

CPA 59

CPA Tax accounting software financial statements 59

PYMNTS

JULY 31, 2020

“There is a fundamental bargaining power imbalance between news media businesses and the major digital platforms, partly because news businesses have no option but to deal with the platforms, and have had little ability to negotiate over payment for their content or other issues,” said ACCC Chairman Rod Sims in a statement. “We

Government 81

Government Account accountant accounted 81

PYMNTS

OCTOBER 5, 2020

25 statement. The General Court judgment raises important legal issues that are of relevance to the Commission in its application of State aid rules to tax planning cases,” Executive Vice President Margrethe Vestager said in the statement. billion (approximately $15.4 million) of Irish government aid, as reported in the past.

Technology 91

Technology Pennsylvania tax planning Government 91