The European Banking Authority (EBA) has responded to industry confusion about how strong authentication reforms apply to in-flight offline payments and consecutive low-value online transactions.
Unclear expectations and inconsistent supervision by U.S. regulators has had a chilling effect on banks' willingness and ability to serve money transmitter clients, a new report from a federal...
The body dedicated to monitoring the stability of the global financial system has urged regulators to monitor closely the impact of technology giants on financial services and cooperate on the...
The next phase of Europe’s anti-money laundering (AML) restructuring is taking shape, after finance ministers backed proposals to establish a new pan-EU supervisory authority and shift towards...
Payment processor and identity verification provider iSignthis has sued the Australian Stock Exchange over the two-month long suspension of its shares, dramatically escalating its feud with the...
After months of political deadlock, Israel’s banking regulator has taken up the mantle of open banking, announcing it will require banks to provide fintechs with access to customers’ accounts.
Senior figures at Visa remain positive the European Commission will avoid a drastic overhaul of its interchange fee regime, despite claims that rules put in place in 2015 have failed to boost...
The chief executive of a U.S. payments processor is being charged in connection with an alleged plan to funnel illegal political contributions during the 2016 presidential campaign.
Europol has made further efforts to thwart the use of money mules by criminal enterprises, making 228 arrests in its latest spate of action against a practice relied upon by money launderers.
Anti-money laundering (AML) compliance across dozens of financial institutions in Australia has come under the microscope in the wake of the financial crime regulator’s sprawling order against...
In response to calls from the banking industry, U.S. regulators have eased reporting requirements for banks servicing client businesses involved in hemp, the low-THC strain of cannabis used for...
Lithuania’s banking regulator will attempt to drive European-level reforms to the way customer funds are safeguarded by e-money and payment institutions.
European payments firms look set to spend much of next year’s strong authentication grace period devising ways of implementing one-time passwords via SMS, even as they acknowledge that such...
China is pushing ahead with efforts to popularise electronic means of payment, introducing more rigorous supervision, as well as looking to make the system more accessible for foreigners.
An Ethereum Foundation employee has been arrested by U.S. authorities for allegedly teaching attendees of a conference in North Korea how to use cryptocurrency and blockchain technology to evade...
A boom in payments infrastructure in Nigeria has laid the groundwork for the country to emulate the rise of mobile betting in Kenya — although market experts warn that a matching regulatory...

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