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.
Campaigners have written to UK Chancellor Sajid Javid pleading for new legislation that protects free access to cash, having grown frustrated with a lack of decisive action by regulators.
The UK’s Financial Conduct Authority (FCA) has urged issuers and acquirers to avoid changing how contactless transactions are handled for a limited period, despite new strong authentication rules...
The UK’s Financial Conduct Authority (FCA) has reiterated that a no-deal Brexit retains the capacity to severely disrupt the movement of retail payments and data, amid difficulties between UK and...
European retailers, acquirers and issuers are braced for chaos. This Saturday, highly controversial payment security rules go live across the EU, and although almost all member states have agreed...
The Swedish Gambling Authority, Spelinspektionen, has written to around 170 payment providers across the EU warning that they could be violating Swedish law if they process transactions on behalf...
France’s central bank will require all online card transactions to be sent over the 3D Secure system by March 2021, as part of its decision to delay enforcement of impending strong customer...
On September 11, 2019, the Treasury released a set of draft legislation for public comment, which implements the recommendations issued by the ASIC Enforcement Review Taskforce Report.
Fintech, cryptocurrencies and protection against US sanctions were placed at the heart of the financial services agenda of new European Commission chief Ursula von der Leyen yesterday as she...
Hungary’s central bank has announced it will allow a 12-month transition period before enforcing new strong customer authentication rules for online card payments, due to take legal effect at the...
On September 6, 2019, the Malta Financial Service Authority (MFSA) published its three-year strategic plan for 2019-2021, focusing on strengthening the MFSA and preparing for the next generation of...
Cash machine operators in the UK have argued that ATM interchange fees should be set through an independent cost study, after regulators launched discussions of whether the funding model should be...

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