Swedish fintech Tink has written to regulators across Europe pleading for flexibility around next month’s open banking reforms, claiming its latest survey of banks shows there is not a single...
The closed-network structure of Facebook’s Libra cryptocurrency could be enough to allay lawmakers’ concerns about anti-money laundering (AML) risks, technologists have suggested.
Payments consultancy CMSPI has said the potential cost savings from European interchange fee reforms are being undermined, due in part to scheme fee hikes and acquirers failing to pass on savings...
U.S. authorities have issued a new advisory to banks and money transmitters over foreign narcotics traffickers using the formal financial system to facilitate the sale of illegal synthetic opioids.
Germany has confirmed it will delay enforcement of incoming EU rules on strong customer authentication (SCA) for online card payments, with the country’s regulator and banking lobby blaming...
The online gaming industry appears to have the upper hand in its battle with the U.S. Department of Justice (DOJ) over the U.S. Wire Act of 1961, but a leading gaming attorney in Washington, D.C....
International card schemes may face new compliance headaches in Russia after laws were passed designed to prevent them from complying with US and EU sanctions in the country’s banking sector.
Despite federal U.S. authorities demanding that cryptocurrency exchanges are licensed as money transmitters, some states have decided to allow certain business models to operate outside those...
Authorities in South Africa expect to set out plans in the coming weeks to bring cryptocurrencies into the regulated financial services sector, with the country’s online gambling industry hoping to...
Gambling giant Kindred was this week hit with a €470,000 fine for offering online gambling to Dutch customers without a licence, making it the latest in a string of operators caught out by their...
Poland’s financial regulator will delay enforcement of new strong customer authentication (SCA) rules and is happy to await further clarity on timings from Europe — even if nothing is issued until...
Offshore gambling and payments companies have suffered another setback in their rolling battle to defeat the Norwegian government’s payment blocking campaign.
In an effort to resurrect a ban on internet gambling, the U.S. Department of Justice (DOJ) on Friday appealed a June 3 decision by a federal judge in New Hampshire who ruled the U.S. Wire Act of...
Visa is set to introduce a new scheme fee for payments that use the 3D Secure protocol, despite complaints from acquirers and retail groups that card acceptance costs are spiralling.
Australia’s central bank has again told off banks and acquirers for failing to comprehensively roll out least-cost transaction routing for contactless debit transactions, as industry groups claim...
German banks have expressed their shock at a letter from the country’s financial regulator saying it was unlikely their application programming interfaces (APIs) would be approved by September’s...

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