U.S. regulators believe PayPal’s sanctions violations mark a pivotal moment for the industry, as ignoring transactions of any size can trigger fines of millions of dollars and lasting reputational...
Payment companies and other finance institutions may be forced to hand government officials more customer data than ever as attempts to tackle terrorism financing intensify. 
Ben Trust is a partner in the Dispute Resolution Group and head of payments at Nabarro LLP, in this article he takes a look at the development of crypto-currencies, particularly Bitcoin, and...
India is proposing to alter regulations surrounding contactless card payments. 
Cybercrime police monitoring suspicious transactions have conducted a series of raids after finding a trail leading to streaming of child sexual abuse. 
A biometric identity card set to be given to every adult in Nigeria will help cut the country’s huge fraud problem and give more than 100m people a means to make electronic payments for the first...
Federal Reserve Banks received 190 responses to the 2013 consultation “Payments System Improvement – Public Consultation Paper.” The process of synthesizing the feedback is ongoing with updates to...
The Financial Supervisory Service (FSS) has announced the final-warning transition period for the use of credit cards with magnetic stripes for cash withdrawal. The phase-out follows a successful...
Companies which outsource payment processing duties to third parties or store “too much” customer data are most at risk of a new wave of industry sanctions, security experts have warned.
Virtual currencies will increasingly be used by organised criminal groups to exploit regulatory weaknesses and launder money, according to new predictions by the EU’s law enforcement agency.
The UK is to bolster financial regulatory defences by asking businesses how suspicious activity reporting procedures can be improved.
A major Australian inquiry into the status of virtual currencies has been extended until August, after government figures were unable to reach a consensus this week.
The UK Information Commissioner’s Office (ICO) has issued a £175,000 fine to an online travel insurance company following a breach of payment security standards.
Italian businesses can accept crypto-currencies without the fear of the Italian tax office penalising them for accepting it as payment for services or products; however, the Bank of Italy shares...
Gaming companies must do more to protect customer data following a payment processing hack, industry experts have said.
Dutch banking lobbyists are the latest group to criticise European Commission proposals over account access for third parties. 

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