The Reserve Bank of India has announced a facility for banks to process and settle import and export payments supported by online payment gateway service providers (OPGSPs). The facility shall only...
Three payment processors pursued by U.S. enforcers for aiding a rogue debt collection scam have had attempts to dismiss the action thrown out, as legal experts warn of an increasingly aggressive...
Hannah Nixon, managing director of the UK's Payment Systems Regulator (PSR), gave a speech at the British Bankers' Association's "The Future of Payments Conference" in London on September 24, 2015...
The European Commission has published a public consultation on modernising VAT for cross-border e-commerce. The consultation on the new rules for VAT payments on cross-border telecommunications...
The Australian Transaction Reports and Analysis Centre (AUSTRAC) reiterated in a statement on September 23, 2015 that the anti-money laundering and counter-terrorism laws do not impose requirements...
A global banking regulator has published a paper analysing payment aspects of financial inclusion, and is pushing countries to relax rules to allow the industry to help the unbanked.
This working paper from the SWIFT Institute analyses which third-party payment providers are covered by the revised Payment Services Directive (PSD2). This type of entity has been developed to make...
The Organisation for Economic Cooperation and Development (OECD) launched a report titled "Improving Cooperation Between Tax and Anti-Money Laundering Authorities" last week at the fourth OECD...
The Canadian Payments Association (CPA) and the Bank of Canada have released research that supports the initiative of improving the payment system to best meet the needs of Canadians.The CPA is...
Andrew Haldane, chief economist at the Bank of England, gave a speech at Portadown Chamber of Commerce in Northern Ireland on September 18, 2015. In the speech, Haldane discussed the future of...
The Asia/Pacific Group on Money Laundering (APG) and the Financial Action Task Force (FATF) have completed a joint assessment of Malaysia’s anti-money laundering and counter-terrorist financing ...
The Reserve Bank of New Zealand (RNBZ) has published two documents: a consultation relating to potential changes to the banking regime arising out of the stocktake; and an "Industry Update" on the...
The US Conference of State Bank Supervisors have issued a draft model regulatory framework for virtual currency activities. Public comment on the proposals was open until February 16, 2015.   Last...
Bancolombia, Colombia's largest bank by assets and shareholders' equity, last week launched its mobile wallet. The application allows purchases via mobile phones and supports Bancolombia credit...
The document called “Terms and definitions for services which are linked to payment accounts and subject to fees” sets out the Financial Conduct Authority's proposals for services linked to payment...
The banking giant has announced that from November 2015 Barclaycard customers will be able to use a new feature in the existing customer app to make contactless payments on any NFC-enabled Android...

Pages