A U.S. House of Representatives hearing has brought some indications that the need to establish real-time payments at large across the country could overcome partisan differences about whether the...
On August 23, 2019, the Australian Competition & Consumer Commission (ACCC) launched testing in which firms are able to express their interest in becoming accredited data recipients under the...
U.S. lawmakers have butted heads over the Federal Reserve's plan to develop and run its own real-time payments settlement service, with Republicans contending that the private sector should lead...
Industry leaders have touted request to pay as the function that will drive the mass adoption of instant payments across Europe, after years of largely futile efforts to introduce a cohesive scheme...
On August 14, 2019, the Romanian Financial Supervisory Authority (ASF) announced the launch of the FinTech Hub project, which is designed to create an institutional framework for improving the...
The final versions of three U.S. Consumer Financial Protection Bureau (CFPB) initiatives to encourage financial innovation include significant differences from the original proposals — some of...
On September 20, 2019, the Bulgarian Ministry of Finance published a consultation on the Draft Law on Amendments and Supplementing Law on Payment Services and Payment Systems (LPSPS). The draft law...
Central bank officials have urged banks to “be honest” about the state of their progress towards a new overhaul of the bloc’s payment and settlement infrastructure, as regulators attempt to...
On September 23, 2019, the French Prudential Supervision and Resolution Authority (ACPR) released a report from a working group called “Forum Fintech ACPR-AMF”, made up of representatives of...
Research by consultancy giant McKinsey has suggested the pressure on payments firms to achieve scale has driven a recent wave of consolidation, but said that commercial drivers are running up...
Payment service providers are on the front line of the European Commission’s probe into whether Facebook’s cryptocurrency project poses a risk to fair competition in the continent’s financial...
The prospect of instant payments at the point of sale (POS) could pose an unprecedented challenge to the imperious market position held by traditional banks and card schemes, new research has...
An influential UK retail group has said that fees set by Visa and Mastercard increased by 43 percent in the last year, prompting calls for regulatory reforms aimed at lowering the cost of card...
Fintech firms that aggregate customers’ account data are complaining that banks’ preparations for new EU-level security rules are “damaging” their businesses.
The head of the G7 group analysing the proposed Libra payment system has called for a world in which private currencies exist alongside publicly-backed means of payment.
On September 18, 2019, the Treasury Laws Amendment (2019 Measures No. 2) Bill 2019 was introduced and read for the first time in the House of Representatives. ...

Pages