A consortium of U.S. retail associations and debit networks have accused Visa and Mastercard of using EMVCo standards as a vehicle for restricting competition and protecting revenue despite...
The European Banking Authority (EBA) has responded to industry confusion about how strong authentication reforms apply to in-flight offline payments and consecutive low-value online transactions.
Senior figures at Visa remain positive the European Commission will avoid a drastic overhaul of its interchange fee regime, despite claims that rules put in place in 2015 have failed to boost...
Australia’s central bank is considering a ban on buy now, pay later (BNPL) providers preventing retailers from surcharging customers, as it sketches the outline of a major review of the country’s...
Visa and Mastercard are under investigation by federal U.S. antitrust regulators for potential violations of laws giving retailers choice over debit network routing.
The UK’s Financial Conduct Authority (FCA) is standing by its decision to allow issuers and acquirers 18 months to meet new strong authentication rules, despite European regulators opting for a...
France’s central bank could drop its plans for an extended delay to strong authentication reforms, as indications emerge it is likely to fall in line with an EU-wide transition period of 15 months.
An influential UK parliamentary committee has sounded the alarm over a lack of regulatory consequences for financial firms after “unacceptable” IT outages, as it called for managers of payment...
The organisation that manages Norway’s financial infrastructure has admitted it miscalculated last year’s figures on payment card fraud, and that the true numbers are far higher than initially...
Casinos, one of the last redoubts of cash-centric retail in the United States, are turning the corner to new payment methods as compliance pressure and customer expectation builds.
Italy’s new-look government has tabled a series of measures designed to encourage uptake of non-cash payments, pressure retailers into accepting cards and make it harder for individuals to evade tax.
The European Banking Authority (EBA) has agreed to let national regulators delay enforcement of strong authentication rules until December 31 next year, setting a strict 15-month migration plan for...
On October 10, 2019, Payments Canada launched a consultation on a proposed policy framework for its new real-time gross settlement, high-value payments system, Lynx, which is going to replace the...
On October 8, 2019, the government published a no-deal readiness report. As the country prepares to leave the European Union on October 31, 2019, the document describes changes if the UK leaves...
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 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...

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