State financial regulators in the U.S. are suing the Office of the Comptroller of the Currency (OCC) over its plans to create a national non-bank charter for fintech firms, as the row intensifies...
On April 21, 2017, the National Bank of Ukraine (NBU) published an announcement on ID card innovation and how the cards can be used as a convenient tool to access banking services, despite initial...
Thailand’s e-payments masterplan, propelled by a range of regulatory reforms and infrastructure upgrades, is now well underway, with legal experts saying consumers have little cause for concern...
India has made further steps to roll out a debit payments system based on its nationwide digital identity platform, unveiling a biometric authentication app for merchants.
A United Nations report has praised regulators in China for their “wait and see” approach to its multi-trillion dollar mobile payments market, although experts are dubious about policymakers’...
Conflicts between incoming EU data protection laws and open banking are “overstated” and can be resolved, according to legal experts, who have urged firms not to let confusion hold back innovation...
UK regulators have made further progress in transposing the revised Payment Services Directive (PSD2) into national law, launching two consultations on implementation, supervision and enforcement...
The governor of the Bank of England (BoE) has assured innovative payment service providers that regulators will not step in to apply bank-like controls on the industry, unless increased...
German regulators have frozen the accounts of an unlicensed international remittance firm accused of fraudulently laundering crypto-currency OneCoin around the world.
On April 12, 2017 the European Central Bank (ECB) published its annual report for 2016, which describes the tasks and activities of the European System of Central Banks (ESCB) and reports on the...
The UK’s banking and payments regulator has insisted that interest in the country from financial innovators has not faded despite the decision to exit the EU, with a Deloitte report crowning...
As the European Commission attempts to find a solution to long-running hostility between banks and third-party payment providers, PaymentsCompliance examines the dispute over security, screen...
Japan’s retailers are already gearing up to accept Bitcoin following the enactment of regulatory reforms which recognise virtual currencies as a legal payment tender.
The revised Payment Services Directive (Directive (EU) 2015/2366), also known as PSD2, has brought a set of obligations for the European Commission, the European Banking Authority (EBA), EU member...
On March 31, 2017 Bangko Sentral ng Pilipinas (BSP), the central bank of Philippines, and industry participants including banks and non-bank electronic money issuers (EMIs) expressed their...
Allowing Australian banks to negotiate collectively with Apple for access to its contactless payment technology would have done little, if anything, to increase competition in the card and digital...

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