A consortium of U.S. retail associations and debit networks have accused Visa and Mastercard of using EMVCo standards as a vehicle for restricting competition and protecting revenue despite...
Australia’s central bank is considering a ban on buy now, pay later (BNPL) providers preventing retailers from surcharging customers, as it sketches the outline of a major review of the country’s...
Few are prepared to venture a guess of the size of the contract to be awarded by the UK’s top payment systems operator, Pay.UK, to supply the engine of the country’s new retail payment system — but...
The European Central Bank (ECB) has thrown its weight behind the creation of a new continent-wide payment system for both retail and e-commerce, warning that reliance on global financial giants...
Shares in Australia’s buy now, pay later juggernauts have tumbled after the Reserve Bank of Australia said it was gearing up to probe the sector and its refusal to allow retailers to pass on...
The Financial Action Task Force (FATF) said on Friday that regulators should subject Libra, Facebook’s mooted global payments platform, to recently introduced standards on crypto-assets.
Digital banks, money transfer operators and cryptocurrency firms in the UK are being exploited by complex networks of fraudsters and money mules, according to pioneering research by the banking and...
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...
The payments framework in Belgium has changed, in particular, with the adoption of the Law of March 11, 2018, which transposes some provisions of the revised Payment Services Directive (PSD2), the...
Card networks Visa and Mastercard are concerned over plans by UK regulators to quiz merchants on their acquiring relationships, warning there is a risk certain retailers’ views could be over...
A major retail association representing the travel sector says its members have reported “serious transparency issues” around the fees charged by acquirers when accepting card payments.
On May 22, 2019, the Payment Systems Regulator (PSR) released a consultation paper setting out its proposals on its approach to the merchant survey, as part of its initiative to conduct a market...
Research by consultancy giant McKinsey has suggested the pressure on payments firms to achieve scale has driven a recent wave of consolidation, but said that commercial drivers are running up...
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...
Fintech is at an early stage of adoption in Turkey, but its market is one of the most rapidly expanding in the world. It is estimated that there are currently more than 200 fintechs operating in...
An influential UK retail group has said that fees set by Visa and Mastercard increased by 43 percent in the last year, prompting calls for regulatory reforms aimed at lowering the cost of card...

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