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 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...
The Monetary Authority of Macau has instructed ATM operators to refuse cash withdrawal services to China UnionPay customers from mainland China if their ATMs do not allow face-recognition...
Banco Central do Brasil, the central bank of Brazil, has issued Circular No. 3.839/2017, which amends the procedures to be followed by financial institutions in operations involving cash resources...
The National Bank of Ukraine (NBU) has announced that it is going to make it easier for banks and their customers to carry out transactions involving currency valuables and that it will begin to...
Israel’s Cabinet was presented with legislation over the weekend which will bar retail financial trading companies working out of the country from offering binary options to overseas customers as...
Banks that refuse to do business with the cross-border remittance sector are opening themselves up to greater risk, according to the head of one of the world’s top money transfer firms. 
Further concerns have emerged with regard to Portugal’s proposed limit on cash payments, following the European Central Bank’s (ECB) lukewarm reception to the draft laws last week. 
The European Central Bank (ECB) has warned that a pair of draft laws in Portugal which are seeking to put limits on cash payments in the country could be damaging for financial inclusion. 
Norwegian regulators are claiming success in their efforts to block payments to unlicensed online gambling companies, with three of the top five payments processors confirming that they have...

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