Insights & Analysis

As the European Central Bank gears up for the switch to a new instant payments system, some on the merchant side are hoping the change will be balm on the wound of high card acceptance costs.
A rapid rise in contactless payments in Hungary has been attributed to a decision by card schemes operating within the country to shoulder the burden of a controversial transaction tax.
Malaysia’s central bank is throwing its weight behind a national open banking standard to push development of small business financing and improve competition in the credit card market.
An influential UK government committee has said the lack of regulation for cryptocurrency is “unsustainable”, particularly after warnings that the scale of money laundering using the technology...
An undetected culture of non-compliance and reliance on a steady stream of suspect payments made the Estonian branch of Danske Bank a rotten apple within the company, a post-mortem has revealed.
Indian policymakers have called for the creation of an independent payments regulator as part of reforms aimed at modernising the country’s legislative regime, relegating the central bank to the...
Leaving open banking data standards in the U.S. to the whims of the private sector could leave consumers exposed to malicious practice with no recourse, experts have said.
After years of legal wrangling, Visa and Mastercard have agreed to settle class-action litigation brought by a group of U.S. retailers by increasing damages to a total of $6.2bn.
European law enforcement authorities have warned that EU reforms obliging banks to open up customer data to third-party providers may create new opportunities for crime in the financial sector.
Singapore’s regulator has handed a significant boost to its fintech sector, announcing that non-banks will be granted access to its real-time central payments infrastructure.
The UK’s Financial Conduct Authority (FCA) has warned banks, credit card providers and e-money institutions against waiting too long to seek approval for their dedicated third-party access interface.
Hong Kong’s financial watchdog has ramped up checks at prepaid providers and remittance firms as part of preparations for a major review of the territory’s anti-money laundering regime next month.
The UK government’s efforts to maintain access to critical European payment systems after Brexit and expand safeguarding rules for domestic payment firms have been described as a “positive step” by...
The UK body responsible for overseeing account switching has warned that third-party provider consent could prove to be a hurdle for consumers looking to change bank accounts in the future.
U.S. financial watchdogs have quelled industry concerns that agencies use non-binding rules to fuel enforcement action, downplaying the legal weight of supervisory guidance they issue.
A host of payment providers and industry groups have urged the European Banking Authority to rethink its stance on the “redirect” authentication model for users of third-party providers.

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