Lithuania’s banking regulator will attempt to drive European-level reforms to the way customer funds are safeguarded by e-money and payment institutions.
European payments firms look set to spend much of next year’s strong authentication grace period devising ways of implementing one-time passwords via SMS, even as they acknowledge that such...
A boom in payments infrastructure in Nigeria has laid the groundwork for the country to emulate the rise of mobile betting in Kenya — although market experts warn that a matching regulatory...
UK banks have agreed to fund reimbursement for fraud victims for an additional three months, although consumer groups have labelled the measure a “stopgap” and called for regulatory intervention.
Lawyers in the London office of international firm Locke Lord gave advice to since-disappeared “cryptoqueen” Ruja Ignatova despite being aware her investment scheme OneCoin may have been a scam, US...
The UK’s ATM infrastructure operator has launched a blistering attack on the Payment Systems Regulator (PSR), questioning the need for the regulator to exist and calling for it to be dissolved into...
U.S. fraud experts and consumer rights advocates have urged lawmakers not to let screen scraping form part of any open banking initiative, calling for laws to be extended to ensure the introduction...
Regulators must be wary of the risks posed by banks providing account access to unregulated fintechs as open banking models take shape, an influential group of central banks has warned.
The UK’s top payment system operator has rejected banks’ proposals for a 2.9p transaction levy on fund transfers to fund payouts for consumer fraud losses, claiming there is insufficient wider...
As the UK’s first open banking offerings start to gain consumer traction, fraudsters are already beginning to move into the space — pressuring banks to find out new ways of stopping them.
Singapore’s financial regulator has called for fintechs to focus on interoperable solutions, urging financial inclusion efforts to focus on effective products rather than just broader access.
E-money firm Paydoo Payments believes the Lithuanian central bank may have departed from accepted practice in its drive to crack down on misbehaving companies, after it was fined for failings in...
Australian payment services and identity verification provider iSignthis has triggered a feud with the country’s stock exchange as suspension of its shares drags on.
European finance ministers have voted in favour of new rules for payment service providers intended to help combat VAT fraud, despite vociferous opposition from the industry.
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...

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