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.
The Financial Conduct Authority (FCA) has cooled its interest in introducing a duty of consumer care for regulated firms, after consultation respondents warned of legal uncertainty, higher costs...
On April 17, 2019, the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) announced that, as of September 14, 2019, Article 55(1) of the Payment...
An influential industry group has said EU-wide controls on interchange fees have failed to inject competition into the payments sector, urging the European Commission to narrow its focus to card...
Mastercard’s short-lived relief from the prospect of a record £14bn class action lawsuit against it was shattered on Tuesday after the UK’s Court of Appeal set aside a previous decision to dismiss...
Regulators have confirmed that EU financial firms operating in different member states must handle two sets of fraud rate data — at country level and company level — despite concerns from banking...
Stimulating Japan’s financial services by harvesting payment data and preparing the country for an influx of visitors for the 2020 Olympic Games are at the heart of the country’s push to encourage...
The UK and EU have agreed to extend the deadline for finalising the terms of the UK’s exit from the union, meaning the threat of crashing out without a deal has been postponed to October 31 this...
Nearly a quarter of online card payments subject to 3D Secure checks are abandoned during checkout, researchers have claimed, prompting concerns about the impact of incoming strong authentication...
A tribunal in London has granted Mastercard permission to appeal part of a judgment made against it in February in one of several suits the payments giant is fending off over historic interchange...
Authorities in Denmark took enforcement action against 45 businesses last year for breaching EU-wide rules on card payment surcharging, the country’s competition regulator has revealed.
On April, 5, 2019, the National Commissioner of the Police published Iceland's national risk assessment (NRA) for 2019 in line with the Financial Action Task Force's (FATF) Recommendations and...
UK-based payments firms seeking to bolster their defences against a looming Brexit crash-landing have helped create a burgeoning fintech scene in Ireland, whose central bank is granting...

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