On February 16, 2018, the Committee on Payments and Market Infrastructures of the Bank for International Settlements released a report on cross-border retail payments, informing of the challenges...
The General Data Protection Regulation (Regulation 2016/679), also known as GDPR, will significantly increase the responsibilities and obligations for payments businesses in how they collect and...
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...
Visa has denied suggestions it will block scheme access to any financial firm involved in cryptocurrencies, after its decision to deny access to a Gibraltar-based card issuer.
Chinese citizens travelling abroad will now face tougher restrictions when they withdraw their cash as the government continues its cat-and-mouse game to limit outflows of cash from mainland...
The highest Dutch administrative court has ruled that the country’s gambling regulator cannot enforce prohibitions against payment service providers that process transactions for illegal gambling...
The global payments industry has undergone a year characterised by conflict — between traditional financial institutions and emerging technologically savvy rivals, and between regulators,...
An independent complaints committee in Norway has deemed that payment blocking rules set out by gambling regulators are legal, after a payment firm affected claimed the restrictions violated EEA...
Payoneer has refuted suggestions it was allowing Airbnb users to circumvent tax rules, after French authorities pushed the online rental platform to stop facilitating payments made via its prepaid...
Two European payment firms have come under fire from the Norwegian Gaming Authority for allegedly ignoring orders to block payments to unlicensed online gambling companies.
On December 1, 2017, the Department for Business, Energy & Industrial Strategy published a paper for businesses titled “The Consumer Rights (Payment Surcharges) Regulations 2012 Guidance”,...
On February 17, 2017 the Ministry of Finance initiated Bill No. 287-R establishing an obligation on credit institutions, bank payment agents, bank payment sub-agents and payment agents to refuse...
Hong Kong’s financial regulator has denied suggestions it will introduce new rules requiring cash machine operators to carry out face recognition checks on consumers.
The Ministry of Finance and the Bank of Lithuania are inviting responses to 15 questions regarding the implementation of the revised Payment Services Directive (PSD2), which will be transposed via...
Banco de Portugal, the central bank, has published a public consultation on the framework of the transposition of Directive 2015/2366, also known as the revised Payment Services Directive (PSD2)...
The European Central Bank (ECB) has published its opinion on the Bulgarian draft law which will limit cash payments in the country. The draft law proposes reducing the threshold for cash payments...

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