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Payments Industry 2017 In Focus: Main Stories And Trends
22nd Dec 2017 | Written by:
The global payments industry has undergone a year characterised by conflict — between traditional financial institutions and emerging technologically savvy rivals, and between regulators,...
Odds Stacked Against Entercash In Payment Blocking Probe
21st Dec 2017 | Written by:
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 Refutes French Officials’ Tax Claims
15th Dec 2017 | Written by:
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...
Norway Gambling Regulator Flexes Muscles Over Payment Blocking
13th Dec 2017 | Written by:
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.
UK: Guidance Explaining Rules on Payment Surcharges
4th Dec 2017 | Written by:
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”,...
Russia: Government Introduces Gambling Payment Blocking Bill
29th Nov 2017 | Written by:
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 Denies ATM Reforms Imminent
10th Aug 2017 | Written by:
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.
Bulgaria: ECB Opinion on Draft Amendment to Law on Limitation of Cash Payments
13th Jul 2017 | Written by:
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...
Mainland UnionPay Cards Forced To Use Macau ‘Big Brother’ ATMs
4th Jul 2017 | Written by:
Martin John Williams
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...
Brazil: New Reporting Rules for Cash Withdrawals and Prepaid Cards
3rd Jul 2017 | Written by:
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...
Ukraine: Central Bank Approves Amendments to Ease Foreign Exchange Controls
20th Jun 2017 | Written by:
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...
Binary Ban Put To Israeli Cabinet
19th Jun 2017 | Written by:
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...
Remittance Giants Speak Out On De-Risking
7th Jun 2017 | Written by:
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.
Fresh Criticism Of Cash Limits In Portugal
6th Jun 2017 | Written by:
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.
ECB Wary Over Proposed Portuguese Cash Limits
31st May 2017 | Written by:
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.
Payment Blocking A Success, Proclaims Norway Gambling Regulator
26th May 2017 | Written by:
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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