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...
Authorities in Europe appear to be inching closer to a compromise on incoming strong authentication rules, following sustained warnings the reforms cannot be met in time for September’s deadline.
On May 17, 2019, the European Council adopted a framework that will enable the EU for the first time to impose sanctions on those responsible (persons or entities) for cyber-attacks threatening the...
Australian acquiring banks have been put on notice by the country’s central bank over least-cost transaction routing as payment methods evolve, insisting that progress must not be stalled.
On February 13, 2019, the Financial Services Authority (FSA) in the Isle of Man released a consultation paper which sets out proposed changes to the national anti-money laundering and counter...
Industry groups are pressing regulators on whether incoming strong customer authentication rules can be delayed, arguing the drip-feed of guidance has created a “bottleneck” and left firms unable...
The UK’s competition regulator is investigating the proposed $22bn (£16.9bn) mega-merger between US financial services giant Fiserv and First Data, it announced on Monday. 
Payment providers in the United States have “tremendous confidence” that facilitating transactions linked to sports betting and online gambling will not be deemed a violation of the Wire Act,...
Rumours are swirling that European authorities may be persuaded to extend September’s deadline for demanding and controversial new security rules. However, firms hopeful the reforms will be phased...
The UK government is bringing together three financial regulators to combat serious concerns around cash availability, vowing to safeguard free access “for those who need it”.
The Payment Card Industry Security Standards Council's (PCI SSC) approval of devices validated against version 1.0 of the PCI PIN Transaction Security Hardware Security Module (PTS HSM)...
The Payment Systems Regulator has resisted calls for early intervention over ATM interchange fees, after politicians raised concerns about an apparent rapid decline in free-to-use machines.
UK competition authorities have given preliminary approval to the merger between PayPal and iZettle, illustrating an increasing convergence between mobile point of sale (mPOS) and traditional card...
The European Commission has decided to make interchange fee cuts on certain cross-border card payments legally binding for Visa and Mastercard, the first restriction of its kind anywhere in the...
European industry experts have dismissed suggestions that uptake of third-party providers (TPPs) will be hampered by a lack of fraud protections compared to transactions by card.
Visa is introducing new scheme rules that require retailers to keep transaction abandonment rates below a 5 percent threshold, a senior company figure has said.

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