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Regulatory Pressure Blamed As Payments Firms Quit Libra
14th Oct 2019 | Written by:
The head of Facebook’s controversial cryptocurrency project has said “intense” regulatory pressure prompted Visa and Mastercard to withdraw from the Libra Association, on the eve of its inaugural...
Payments Firms On Front Line Of European Commission's Libra Probe
23rd Sep 2019 | Written by:
Payment service providers are on the front line of the European Commission’s probe into whether Facebook’s cryptocurrency project poses a risk to fair competition in the continent’s financial...
Stripe Pressured Over Donations To Far-Right Extremist Groups
4th Jul 2019 | Written by:
Stripe is being targeted by anti-racism campaigners for continuing to process payments for far-right extremists in the United States and Europe, highlighting the reputational risk to payment...
In Depth: Regulatory Hurdles Loom As Facebook Announces Launch Of Libra Coin
19th Jun 2019 | Written by:
Facebook has finally pulled back the curtain on the worst-kept secret in Silicon Valley: a global peer-to-peer and retail payment system that seeks to plant the use of cryptocurrencies firmly in...
Strong Authentication Reforms To Cost Businesses €57bn, Study Suggests
4th Jun 2019 | Written by:
A lack of industry readiness means incoming strong authentication reforms are now expected to cost businesses across the EU a total of €57bn, new research has claimed.
London's Loss Is Dublin's Gain As E-Money Firms Seek Brexit Safe Harbour
8th Apr 2019 | Written by:
UK-based payments firms seeking to bolster their defences against a looming Brexit crash-landing have helped create a burgeoning fintech scene in Ireland, whose central bank is granting...
Weekly News In Brief: May 6, 2016
6th May 2016 | Written by:
France's terrorism bill faces its final hurdle; TransferWise rapped by ad watchdog again; Thailand moves away from magnetic stripe cards; Automated Clearing Settlement System in Canada will be...
U.S. Merchants Claim EMV Shift Boosted Fraud Risk
25th Apr 2016 | Written by:
American card networks and issuing banks have been accused of bungling the switch to the EMV card standard last October, putting consumers and merchants at greater risk of fraud.
No EMV Link To Soaring ATM Fraud, Say U.S. Experts
18th Apr 2016 | Written by:
U.S. industry experts have denied there is a link between soaring ATM fraud and wider in-store use of chip-enabled cards, instead blaming changing criminal tactics for a fivefold increase since 2014.
Processors Looking To Fill Vantiv Void Warned Over DFS Volatility
15th Feb 2016 | Written by:
Payment processors aiming to take Vantiv’s place serving the billion dollar daily fantasy sports (DFS) market have been warned they face a “high risk, volatile and uncertain” legal environment.
Industry Consolidation Set To Continue With Heartland Buyout
14th Dec 2015 | Written by:
The consolidation of the transaction processing sector is set to gather pace after it emerged US firm Global Payments is in talks to buy smaller rival Heartland Payment Systems.
‘Leave Us To Innovate’ Mobile Payment Giants Tell House
7th Dec 2015 | Written by:
Scott Van Voorhis
Some of the top players in mobile payments are urging Congress to hold off on slapping the budding sector with new rules and regulations even as concerns over consumer safety and privacy mount.
Industry Anger As South Korea Cuts Interchange Fees
3rd Nov 2015 | Written by:
South Korea’s regulator has announced it is to impose cuts on credit and debit card interchange fees for smaller businesses despite heavy criticism from the card industry.
Facebook, PayPal Confirm Blockchain Experiments But No Plans To Adopt 'Right Now'
27th Oct 2015 | Written by:
in Las Vegas
Executives from Facebook, PayPal and Vantiv have said they believe blockchain technology will irrevocably transform the world of payments, despite distancing themselves from immediate adoption.
U.S. EMV Transition Goes Live, Wider Regulation ‘Unlikely’, Experts Say
1st Oct 2015 | Written by:
On a landmark day for the U.S. payment industry, the implementation of tougher card security begins in earnest today as experts believe federal legislation to enforce the transition is highly...
Billion Dollar Baby: Coinbase Gears For Age Of Regulation
10th Sep 2015 | Written by:
Four years ago Coinbase was a handful of dreamers sat elbow-to-elbow in a cramped California room, using a roof terrace to conduct conference calls about buying and selling bitcoins. Today it...
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