On October 29, 2018, the Reserve Bank of Australia (RBA) launched a consultation seeking feedback on issues regarding the functionality of, and access criteria to, the New Payments Platform (NPP),...
The Financial Conduct Authority (FCA) has not ruled out altering its 18-month enforcement delay of new security rules for online card payments, but says its focus is making sure that its position...
Europol has highlighted the dangers posed by the stuttering introduction of strong authentication and open banking reforms, flagging indecision over delays as a gap to be exploited by fraudsters.
A proposed reworking of state-level money services businesses licensing could provide much-needed regulatory clarity for U.S. fintechs, but there is still room for reducing the regulatory burden on...
On May 16, 2018 the Banking (Cash Machine Charges and Financial Inclusion) Bill 2017-19 passed its first reading in the House of Commons, under the "Ten Minute Rule"....
The European Banking Authority (EBA) has reiterated its concerns over the level of Brexit planning among some financial services firms, as the prospect of a no-deal departure looms closer in the...
Card networks Visa and Mastercard are concerned over plans by UK regulators to quiz merchants on their acquiring relationships, warning there is a risk certain retailers’ views could be over...
On July 23, 2019, the Financial Conduct Authority (FCA) released a draft guidance paper on the fair treatment of vulnerable customers, aiming to provide clarity on its expectations regarding the...
On October 4, 2019, the Liechtenstein parliament approved the Token and VT Service Providers' Law (TVTG) on transaction systems based on trusted technologies, which will also be known as the...
On September 30, 2019, the National Assembly approved a bill to enhance penalties and sanctions for money laundering. The Anti-Money Laundering (Amendment) Bill 2019 aims to restructure the...
An entity marketing itself as a payment processor is at the center of a lawsuit accusing a cryptocurrency exchange and stablecoin issuer of market manipulation, resulting in damages claims of $1...
The body in charge of the UK’s real-time interbank payment system is being pressured to introduce a fee on all transactions to fund reimbursement of fraud victims, with the current bank-funded pot...
A survey by the Dutch central bank has revealed deep unwillingness of consumers in the Netherlands to grant third parties access to their account data, another thorn in the side of the country’s...
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.
On October 4, 2019, the Finnish government announced it had approved a decision on the Cybersecurity Strategy 2019. The strategy is based on the Cybersecurity Strategy 2013 and its purpose is to...
A director of the UK’s cyber-crime defence unit has told financial firms that state-sponsored hackers in North Korea are targeting banks and payment systems as a means of raising funds for the...

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