National regulators are pushing for a harmonised pan-European transition period on enforcing new strong authentication rules, although consensus may not be reached until after September’s official...
A U.S. federal court has taken action against a “rogue payment processor” linked to fraud schemes that allegedly targeted consumers with false promises to reduce credit card interest rates and pay...
The European Commission’s plans to change EU anti-money laundering rules from directives into regulations will not solve the underlying problem of lacklustre supervision, legal experts have said.
On July 26, 2019, the European Banking Authority (EBA) published responses to a fourth set of issues (XIV to XX) raised by participants of the EBA working group on application programming...
Paying for most goods and services with more than A$10,000 ($6,900) in cash will become a criminal offence in Australia from January next year, under a new law proposed by the government.
On July 26, 2019, the European Credit Sector Associations (ECSAs), the European Third Party Providers Association (ETPPA) and the Financial Data and Technology Association (FDATA) issued a joint...
This week saw what could turn out to be the opening salvos in a battle over whether the U.S. Federal Reserve should establish a real-time payments network to compete with privately-operated systems.
The Payment Systems Regulator has unveiled a sprucing up of its approach to enforcement, boosting inducements for firms to settle and bringing its approach in line with other financial regulators.
Mastercard has won another chance to fend off a £14bn lawsuit over historical domestic interchange fees, the latest twist in the saga over what would be the UK’s largest-ever class action.
The future of gambling with credit cards hangs in the balance after the UK Gambling Commission confirmed it will open a consultation that is expected to end in an all-out ban.
The independent complaints commissioner for the UK’s financial regulators has excoriated the Financial Conduct Authority (FCA) for myriad failings in handling complaints from regulated businesses...
The long-smoldering issue of legal cannabis businesses lacking access to banking and payment services will take center stage in a key Senate committee hearing next week, the scheduling of which...
On January 29, 2019, the Bank of Thailand (BOT) published a report on the results of the first phase of Project Inthanon and the next steps. Project Inthanon seeks to develop and test a proof of...
The UK’s Financial Conduct Authority (FCA) has admitted its register of regulated firms contains “data quality issues” and will invest £5m in improvements, after outrage that legitimate businesses...
The European Data Protection Board (EDPB) has published its 2018 annual report, providing an overview of the key developments of the board for the reporting period. The report summarises the board...
On July 17, 2019, the European Data Protection Supervisor (EDPS) adopted its list of the kinds of processing operations that require and those that do not require a data protection impact...

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