To ensure the functioning of the payments system and settlement in the Dominican Republic, on May 10, 2015 the central bank announced the availability of “instant payments” services.This service...
Briefing note prepared by senior civil servants for Ireland’s minister for finance, Michael Noonan, in advance of a meeting with the governor of the Central Bank of Ireland, Patrick Honohan.
Irish authorities are urgently reviewing the country’s payments regulatory framework following pressure from US investors and UK lobbyists over its lengthy licence approval process.
Visa could face increased regulation if an enormous bid to buy its former European subsidiary is successful, analysts have warned.
The government and the central bank of Costa Rica have launched two new tools as an incentive for Costa Ricans to use new payment methods.The two new tools — the simple record account (CES) and...
This week's news in brief for the global payments industry, covering New York, Kuwait, Albania, Denmark and Australia.
Banks which deny accounts for payment processors and fintech companies rather than submit to extensive compliance scrutiny risk triggering major competition cases, experts have warned.
Jennifer Shasky Calvery, the director of the Financial Crimes Enforcement Network (FinCEN), gave a speech at the West Coast AML Forum on May 6, 2015 in San Francisco, California.The speech can be...
Jennifer Shasky Calvery, the director of the Financial Crimes Enforcement Network (FinCEN), gave a speech at the annual anti-money laundering seminar on April 30, 2015 in New York.
The Competition and Markets Authority (CMA) has closed its investigation of MasterCard's and Visa's interchange fee arrangements, which it opened on 2005, due to the entry into force of the...
A political agreement has been reached today on revisions to the Payment Services Directive (PSD2).The agreement follows closely guarded trilogue negotiations between the European Commission, the...
Ihor Olekhov and Maksym Hlotov from Baker & McKenzie law firm provide details on the regulatory constraints which limit the ability of online payment systems and electronic money issuers,...
The taskforce shaping Ukraine’s approach to international payment systems and bringing online players to the enormous market has told PaymentsCompliance how it intends to carry out regulatory reform.
In May 2015, the Ministry of Finance (Bundesministerium für Finanzen - BMF) published the latest national risk assessment which evaluates the main risks of money laundering and terrorist financing...
Growing regulatory challenges and looming antitrust court battles indicate a struggle ahead for the world’s largest credit and debit card company, Visa Inc., so what can the payment industry learn...
Visa’s continued investment in developing its digital payments business will allow it to capture more of the “trillions of dollars” of payments business than it could have contemplated a few years...

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