The European Commission has approved a $21.5bn merger between payment giants TSYS and Global Payments after a review of whether the deal could give rise to competition concerns.
Despite a U.S. federal judge dismissing a lawsuit from state regulators seeking to block plans for a federal fintech charter, the path forward remains a rocky one — and the lingering uncertainty...
European authorities have said account information service providers (AISPs) do not need to provide services directly to the end user to qualify for authorisation, underlining the divergence...
A new real-time payment system being developed by the Federal Reserve Bank has garnered opposition from some members of the U.S. Congress who believe a payments system should be built and managed...
Finland’s financial regulator has revealed that some of the country’s banks failed to meet requirements on third-party account access that came into effect on Saturday.
A comprehensive fix for digital identity would be a vital step towards making open banking in the U.S. a success, according to a panel of experts called before lawmakers on Thursday.
On August 15, 2018, the Treasury of the Australian government launched a public consultation on the draft Treasury Laws Amendment (Consumer Data Right) Act 2018, which aims to establish a new...
On April 8, 2019, the Reserve Bank of Australia (RBA) and the Australian Payments Council (APC) released a consultation paper seeking feedback on the migration of the messaging of the Australian...
Austria regulators have announced they will delay enforcement of impending account access reforms and allow screen scraping to continue, in a last-minute reprieve for third-party providers.
On June 13, 2018, the Payments System Regulator (PSR), in its capacity as the regulatory body that promotes competition and innovations and ensures that the payment system operates effectively and...
Fintech, cryptocurrencies and protection against US sanctions were placed at the heart of the financial services agenda of new European Commission chief Ursula von der Leyen yesterday as she...
Cash machine operators in the UK have argued that ATM interchange fees should be set through an independent cost study, after regulators launched discussions of whether the funding model should be...
On June 6, 2019, the Payment Systems Regulator (PSR) released a consultation paper titled “Considering the incentives to deploy free-to-use ATMs in the LINK network — Review of the structure of...
A legal quirk in the UK’s open banking legislation is creating problems for account information service providers (AISPs), which are being forced to find licensing workarounds despite years...
On September 2, 2019, the Ministry of Finance published a report by the steering committee on fintech-related issues. ...
The UK’s Financial Conduct Authority (FCA) has formally announced it will hand a lifeline to third-party providers by delaying enforcement of account access rules for six months beyond September’s...

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