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.
Further legislative and regulatory action is needed to clear the lingering haze around the banking issue facing the U.S.’ legalized cannabis industry, despite the recent passage of a landmark bill...
On October 1, 2019, the Ministry of Finance submitted proposals for a new law that aims to ensure better access to cash services for businesses and consumers in Sweden. The proposal would require...
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...
On September 30, 2019, UK Finance announced the “Community Access to Cash Initiative”, which aims to help local communities secure access to cash and payment facilities. The initiative recognises...
On July 8, 2019, the European Payments Council (EPC) published a guidance document providing details on how to instruct the extended remittance information (ERI) and lists a number of practical...
The Financial Markets Authority (FMA) has issued a press release stating that the government will introduce a new regime to regulate financial conduct, with the aim of providing customers with...
On May 27, 2019, the European Payments Council (EPC) published two documents: a clarification paper on SEPA Credit Transfer (SCT) and SEPA Instant Credit Transfer (SCT Inst) Rulebooks (Version 1.4)...
Prosecutors in Denmark have charged Københavns Andelskasse bank with money laundering, just more than a year after it was taken over by the authorities.
On September 20, 2019, the Ministry of Finance published an agreement titled "Strengthening the Possibilities for Intervention on Fees for Payment Services", which allows the minister of business...
Europe’s banking lobby has called on the European Banking Authority to put in place a harmonised non-enforcement period of 18 months for new authentication rules for online card payments.
The prospect of instant payments at the point of sale (POS) could pose an unprecedented challenge to the imperious market position held by traditional banks and card schemes, new research has...
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...
On September 18, 2019, the Lithuanian parliament (Seimas) published amendments to the Money Laundering and Terrorist Financing Prevention Law VIII-275, modifying Articles 2, 4, 5, 7, 8, 9, 10, 11,...
The Reserve Bank of India (RBI) has published a discussion paper on guidelines for payment gateways and payment aggregators, which takes a look at the activities of payment gateways and payment...
The European Commission has approved a $21.5bn merger between payment giants TSYS and Global Payments after a review of whether the deal could give rise to competition concerns.

Pages