American card networks and issuing banks have been accused of bungling the switch to the EMV card standard last October, putting consumers and merchants at greater risk of fraud.
Christopher Achatz, an associate at Bryan Cave law firm, takes a look at Delaware’s new privacy policy requirements which require operators, including those that provide mobile apps, to post online...
“It’s an expensive time to be in the prepaid card space,” one New York lawyer notes as yet more guidance is handed down by U.S. regulators.
The Federal Deposit Insurance Corporation, the Federal Reserve Board of Governors, the Financial Crimes Enforcement Network, the National Credit Union Administration and the Office of the...
Proposals from India’s top financial regulator to skim card revenue and fund a payments industry “poised for significant growth” are well-meaning, experts have said, but likely to face resistance.
The largest payments processor in the Middle East and Africa, Network International, is exploring ways to connect with some of Iran’s largest banks following an easing of international sanctions.
This week's news in brief including Europol's announcement that eight countries have collaborated in the first cross-border action against money muling; Saudi Arabia's plans to boost the e-commerce...
This week’s payments news in brief, including Apple Pay launching in China; Amazon acquiring Indian payments firm EMVANTAGE; American Express announcing $1bn in cuts; Peru launching its national e...
This week's industry news in brief, including cancelled remittance registrations, fines and penalties and moves from the UK, the US, Australia and Nepal.
The UK Payment Systems Regulator has today published proposals regarding how it will regulate the new EU rules on interchange fees.
Financial institutions should avoid putting too much personal data about customers on contactless credit cards after seven banks were ordered to recall cards that breached security guidelines.
On a landmark day for the U.S. payment industry, the implementation of tougher card security begins in earnest today as experts believe federal legislation to enforce the transition is highly...
U.S. financial institutions have stepped up their campaign to stop new card payment security systems becoming legally mandatory after claiming that enforcing existing technology would be a “costly...
UK Chancellor of the Exchequer George Osborne has outlined the proposed approach to capping interchange fees for card payments, ahead of new European guidelines later this year.
In December 2014, the Consumer Financial Protection Bureau (CFPB) published a proposed rule to regulate prepaid accounts, which would amend provisions of both Regulation E and Regulation Z. Rick...
Lawyers have pledged to get financial institutions “proper compensation” for a major retail data breach which cost hundreds of millions of dollars after an initial settlement was thrown out.

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