As the Federal Reserve continues work on its proposed FedNow real-time payments settlement system, banking industry and government officials alike are reiterating that the service must be...
The Bank of Mexico has launched a new way to pay in Mexico called CoDi (Digital Collection in Spanish), which became fully operational on September 30, 2019. The platform is the result of joint...
Denmark will follow the European Banking Authority's (EBA) recommendation of a 15-month transition period for new EU rules on strong authentication of online card payments, a reversal of the...
European authorities are investigating efforts by banks to thwart account access for fintechs mandated by the EU’s revised Payment Services Directive (PSD2), with plans to call on national...
Australia’s financial services regulator has put the brakes on Revolut’s expansion in the country, ordering the payment services provider to halt onboarding of new customers while its licence...
The EU’s top banking regulator brushed aside protests from the European Commission when it opted for a 15-month delay to enforcing new rules on strong customer authentication, new records show.
Hungarian regulators have proposed initiatives aimed at boosting financial innovation in a market still dominated by cash, including speedier licensing, digital ID requirements and industry-wide...
Hong Kong’s financial regulator has urged banks and payment service providers to thoroughly vet fintechs accessing accounts under the territory’s open banking regime, as it suggests a series of...
A senior Financial Action Task Force (FATF) official has said there are “persistent global weaknesses” in the supervision of money remittance firms, warning that international banks will remain...
The UK government has confirmed it has “no plans” to retain EU reforms on cross-border payments and currency conversion after Brexit, although most of the new rules will take effect while the...
EU-issued electronic certificates relied upon by third-party providers will still be valid in the UK after Brexit, the Financial Conduct Authority has confirmed.
Facebook chief Mark Zuckerberg told the U.S. Congress on Wednesday that the company would abandon Libra, its planned cryptocurrency-based payments system, if its partners choose to launch the...
The Dutch competition regulator is set to probe the impact of US and Chinese big technology firms on the country’s payments market, hinting at concerns their entry into the Netherlands could...
Shares in Australia’s buy now, pay later juggernauts have tumbled after the Reserve Bank of Australia said it was gearing up to probe the sector and its refusal to allow retailers to pass on...
Regulators have mooted the possibility of beating the ploughshare of open banking into a sword against financial crime, but technical and legal hurdles still stand in the way of authorities’...
The Financial Action Task Force (FATF) said on Friday that regulators should subject Libra, Facebook’s mooted global payments platform, to recently introduced standards on crypto-assets.

Pages