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...
The chief executive of a U.S. payments processor is being charged in connection with an alleged plan to funnel illegal political contributions during the 2016 presidential campaign.
Anti-money laundering (AML) compliance across dozens of financial institutions in Australia has come under the microscope in the wake of the financial crime regulator’s sprawling order against...
In response to calls from the banking industry, U.S. regulators have eased reporting requirements for banks servicing client businesses involved in hemp, the low-THC strain of cannabis used for...
European payments firms look set to spend much of next year’s strong authentication grace period devising ways of implementing one-time passwords via SMS, even as they acknowledge that such...
Few are prepared to venture a guess of the size of the contract to be awarded by the UK’s top payment systems operator, Pay.UK, to supply the engine of the country’s new retail payment system — but...
Westpac chief executive Brian Hartzer has announced he will step down following widespread failures in its anti-money laundering (AML) safeguards, with the Australian banking giant set to shutter...
The Lithuanian Gambling Supervisory Authority (LGSA) has said it will apply to the Vilnius Regional Administrative Court to grant it the right to issue legally binding website and payment blocking...
Blockchain-based payment network Ripple has accused a leading crypto investigations company of a public relations stunt, after it announced it had uncovered some $400m in illicit transactions using...
Nordic lender Swedbank has been forced to declare it is not aware of any violations of US sanctions on Russia after an investigation suggested it processed payments for a blacklisted company.
U.S. attempts to bolster beneficial ownership requirements have been hailed as a significant step in the fight against money laundering via shell companies, but observers warn the bill's vague...
Payments firms in the Netherlands have gained more time to prepare for new requirements around illegal online gambling, after lawmakers declared a six-month delay to the introduction of the Remote...
Australian bank Westpac is facing the prospect of hundreds of billions of dollars in fines as it stands accused of allowing correspondent banking transactions to go through without the required due...
The Australian stock market regulator has pressed the embattled payment services and regtech provider iSignthis over its onboarding of unlicensed online trading platforms as clients.
Visa and Mastercard are under investigation by federal U.S. antitrust regulators for potential violations of laws giving retailers choice over debit network routing.
U.S. officials have extradited a Russian national accused of selling stolen credit card data, with authorities alleging that he exploited virtual currencies and money transfer services to accept...

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