Sentences with phrase «electronic financial transactions»

In August, lawmaker Park Yong - jin submitted a proposed amendment to the Electronic Financial Transactions Act to provide a regulatory framework for bitcoin and other digital currencies.

«Encryption protects electronic financial transactions, private Internet communication, and much of our national critical infrastructure,» he told TechNewsWorld.

This patent, part of a family that includes US Patent No. 6,529,725 (the» 725 patent), relates to electronic financial transactions.

Under the bill that aims to revise the Electronic Financial Transactions Act, traders, brokers, or other business entities involved in cryptocurrency transactions would be required to get regulatory approval from the Financial Services Commission.

Some observers believe that this is an indication that the era of cash is soon to end, to be replaced with credit and debit cards and other forms of electronic financial transactions.

«Under the bill that aims to revise the Electronic Financial Transactions Act, traders, brokers, or other business entities involved in cryptocurrency transactions would be required to get regulatory approval from the Financial Services Commission.

Not exact matches

ACI, which delivers electronic banking and payment solutions for financial institutions, retailers and processors around the world, said its data is based on an analysis of hundreds of millions of transactions from large global retailers between January and July 2015 compared with the same period in 2014.

In a purely electronic system, every financial transaction is not only charged a fee but can also be tracked and monitored.

Online banking and electronic trading demand a high tech infrastructure for secure financial transactions.

However, in the framework of prevention activities for the legalization of incomes, received by criminal way and financing of terrorism and financing of proliferation of weapons of mass destruction, banks will have to identify suspicious financial transactions of customers that can be associated with buying and selling tokens for Belarusian rubles, foreign currency and electronic money.

Security Cotton Babies incorporates physical, electronic, and administrative procedures to safeguard the confidentiality of your personal information, including Secure Sockets Layer («SSL») for all financial transactions through the Site.

Global Payments, Inc, a processor of electronic transactions for merchants, multinational corporations, financial institutions, government agencies and other business and non-profit business enterprises to facilitate payments.

See the Electronic Banking Agreement section in the Your Deposit Account Agreement and the Reporting Unauthorized Transactions section in the Online and Mobile Financial Services Agreement for details.

The term «electronic fund transfer» (EFT) generally refers to a transaction initiated through an electronic terminal, telephone, computer or magnetic tape that instructs a financial institution to either credit or debit a consumer's asset account.

According to research by the Consumer Financial Protection Bureau (CFPB), less than one - fifth of account holders — those who incur three or more overdraft fees per year — pay more than 90 percent of all overdraft fees triggered by debit cards, checks, and ACH electronic transactions.3 Similarly, The Pew Charitable Trusts» chartbook Heavy Overdrafters: A Financial Profile, shows that «heavy overdrafters» — consumers who pay more than $ 100 in overdraft and nonsufficient funds (NSF) fees in a year — generally have incomes below the U.S. average, and overdraft fees consumed nearly a full week's worth of their household incomes on average during the past year.

Automated Clearing House (ACH): an electronic network for financial transactions in the United States.

It may give you peace of mind that the Electronic Fund Transfer Act (EFTA) limits your liability to as low as $ 50 if you report unauthorized transactions within 60 days to financial institutions, beginning on the date of the first statements that contain the transactions.

A credit transaction initiated through electronic means (i.e., phone, computer network) by a financial institution or payroll office.

Employee Express: PBGC employees have electronic access to an online site where they can perform a variety of discretionary personnel and payroll transactions (e.g., changes to Financial Allotments, Health Benefits, Thrift Savings Plan, Direct Deposit, Federal and State Taxes, Home Address, and Savings Bonds).

In both instances, these services or products may include: company financial data and economic data (e.g., unemployment, inflation rates and GDP figures), stock quotes, last sale prices and trading volumes, research reports analyzing the performance of a particular company or stock, narrowly distributed trade magazines or technical journals covering specific industries, products, or issuers, seminars or conferences registration fees which provide substantive content relating to eligible research, quantitative analytical software and software that provides analyses of securities portfolios, trading strategies and pre / post trade analytics, discussions with research analysts or meetings with corporate executives which provide a means of obtaining oral advice on securities, markets or particular issuers, short - term custody related to effecting particular transactions and clearance and settlement of those trades, lines between the broker - dealer and order management systems operated by a third party vendor, dedicated lines between the broker - dealer and the investment adviser's order management system, dedicated lines providing direct dial - up service between the investment adviser and the trading desk at the broker - dealer, message services used to transmit orders to broker - dealers for execution, electronic communication of allocation instructions between institutions and broker - dealers, comparison services required by the SEC or another regulator (e.g., use of electronic confirmation and affirmation of institutional trades), exchange of messages among broker - dealers, custodians, and institutions related to a trade, post-trade matching of trade information, routing settlement instructions to custodian banks and broker - dealers» clearing agents, software that provides algorithmic trading strategies, and trading software operated by a broker - dealer to route orders to market centers or direct market access systems.

The Minister has had a busy week, since he also announced a very broad privacy and data protection law: «every individual shall have a right to his privacy — confidentiality of communication made to, or, by him — including his personal correspondence, telephone conversations, telegraph messages, postal, electronic mail and other modes of communication; confidentiality of his private or his family life; protection of his honour and good name; protection from search, detention or exposure of lawful communication between and among individuals; privacy from surveillance; confidentiality of his banking and financial transactions, medical and legal information and protection of data relating to individual.»

Manufacturers, retailers, distributors, importers, exporters, financial institutions, service providers and others engage us to review contracts and arrangements and to provide compliance and planning expertise, particularly in the complex areas of financial services, electronic commerce, natural resources, cross-border transactions and related - party transfers.

We note that a covered entity may conduct the electronic funds transfer portion of the two payment standard transactions with a financial institution without restriction, because it contains no protected health information.

We do not consider a financial institution to be acting on behalf of a covered entity, and therefore no business associate contract is required, when it processes consumer - conducted financial transactions by debit, credit or other payment card, clears checks, initiates or processes electronic funds transfers, or conducts any other activity that directly facilitates or effects the transfer of funds for compensation for health care.

For example, a health care provider may disclose protected health information to a financial institution in order to cash a check or to a health care clearinghouse to initiate electronic transactions.

We note that we do not consider a financial institution to be acting on behalf of a covered entity, and therefore no business associate contract is required, when it processes consumer - conducted financial transactions by debit, credit or other payment card, Start Printed Page 82505clears checks, initiates or processes electronic funds transfers, or conducts any other activity that directly facilitates or effects the transfer of funds for compensation for health care.

A state health data organization recommended applying these rules to financial institutions that process electronic remittance advice pursuant to the Transactions Rule.

JBTS has been asserting the patent against dozens of banks and financial services companies, essentially saying that the patent covers any electronic transaction with a confirmation step.

Bitcoin's quest for legitimacy is set to be aided significantly by the state of Tennessee, which looks to officially accept electronic cryptocurrency payments for financial transactions.

A Nashville lawmaker wants to officially accept electronic cryptocurrencies such as Bitcoin for financial transactions in Tennessee.

«NetRoadShow is the global leader in providing US Securities & Exchange compliant electronic roadshow services for issuers in the global financial markets, including the majority of Fortune 2000 companies» transactions.

Blockchain technology is an indestructible electronic ledger of both economic and financial transactions.

Manage all financial transactions, account management regarding Reserve Contributions, Personal, Federal and State tax returns by accounting firms, and generate electronic quarterly Federal Tax deposits.

Client Services Supervisor — Duties & Responsibilities Responsible for electronic payroll system operations for a large and economically diverse client base Recruit, train, and direct customer service, sales, technical, and administrative staff ensuring efficient operations Maintain working knowledge of proprietary software, industry best practices, employment law, and tax law Oversee adherence to departmental budgets, project timelines, and company policies Coordinate efforts between multiple departments resulting in timely and cost - effective project completion Design and implement professional development programs to enhance team skill sets Utilize employee recognition programs to build morale and dedication to company mission Represent company brand with poise, integrity, and positivity Study internal literature to become an expert on products and services Develop a rapport with customers and orient them to various products and services Encourage high customer retention by maintaining friendly, supportive contact with existing clients Interact with support staff and company resources effectively to create the best consumer experience Utilize technical proficiencies and industry knowledge to offer guidance and support to coworkers and clients Craft effective presentations and proposals, tailoring them to clients based on their specific needs and styles Maintain sales and customer service records detailing pricings, sales, activities reports, and other pertinent data Manage company financial records providing detailed, accurate account of transactions and financial health Build and strengthen long term relationships with peers, clients, partners, and industry leaders Provide additional operational support including communications, data entry, and other tasks as needed Consistently promoted due to excellence in management, customer service, technical support, and sales

It is the latter, the financial activity in the bank accounts of PEPs, that is reported to FINTRAC, both as suspicious transactions where warranted, and as electronic funds transfers.