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.
Germany’s payments regulator has endorsed a new collaborative effort by the country’s banks and fintechs to cooperate on the rollout of the third-party account access regime mandated by the revised...
Regulators in Malta have told banks to ensure third-party providers operating under the revised Payment Services Directive (PSD2) cannot access data beyond what is necessary to carry out the...
The head of Facebook’s controversial cryptocurrency project has said “intense” regulatory pressure prompted Visa and Mastercard to withdraw from the Libra Association, on the eve of its inaugural...
On October 29, 2018, the Reserve Bank of Australia (RBA) launched a consultation seeking feedback on issues regarding the functionality of, and access criteria to, the New Payments Platform (NPP),...
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...
Europol has highlighted the dangers posed by the stuttering introduction of strong authentication and open banking reforms, flagging indecision over delays as a gap to be exploited by fraudsters.
The Financial Conduct Authority (FCA) has issued a stern warning to payment and e-money institutions over “unacceptable” practices in safeguarding client funds, as well as around risk governance...
Card networks Visa and Mastercard are concerned over plans by UK regulators to quiz merchants on their acquiring relationships, warning there is a risk certain retailers’ views could be over...
The UK’s top competition regulator has thrown another obstacle in front of Bottomline Technologies’ purchase of Experian’s payments gateway.

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