The new faster payment system announced by the U.S. Federal Reserve has largely garnered praise, despite calls for details on how it will sit alongside existing offerings.
On August 7, 2019, the Finnish Ministry of Justice published a consultation seeking responses on the experiences and challenges faced while applying the General Data Protection Regulation (GDPR) in...
On May 21, 2019, the Ministry of Finance issued a public consultation on amendments to the Payment Systems Act in light of the adoption of Regulation (EU) 2019/518 on cross-border payments (the...
The U.S. Federal Reserve has announced it will establish a round-the-clock real-time payment settlement system, following Congressional debates over whether or not to leave the project to industry.
E-money firm ipagoo has collapsed after being ordered by UK regulators to stop providing payment services, with customers facing an anxious wait to find out whether they can recover funds.
On August 2, 2019, the Financial Supervisory Authority (Finansinspektionen - FSA) issued a consultation on the draft updated rules and regulations on the management of operational risks in...
Australia’s faster payments operator has responded to demands from the central bank to force members to up their services to consumers and businesses, with possible fines for those who drag their...
Ukraine’s top financial regulator has embarked on a campaign to liberalise the country’s payments market that will allow non-banks to issue electronic money and payment cards for the first time.
On July 30, 2019, the Bank of Italy published information on new services for accessing payment accounts under the revised Payment Services Directive (PSD2)....
As bank de-risking continues to plague the worldwide financial system, U.S officials are encouraging regulated institutions to assess risk on a case-by-case basis, rather than making blanket...
On July 24, 2019, the Payment Systems Regulator (PSR) released a consultation paper seeking views in relation to its research into cash access, its use by consumers and acceptance by small...
The long-smoldering issue of legal cannabis businesses lacking access to banking and payment services will take center stage in a key Senate committee hearing next week, the scheduling of which...
On July 16, 2019, the Open Banking Implementation Entity (OBIE) published a report titled “Open Banking: Preparing for lift off”, which reviews the way open banking has evolved in the year...
The International Monetary Fund (IMF) has backed moves to allow e-money providers to settle payments directly through central banks, touting the payments technology as a potential barrier to market...
On July 11, 2019, the Payment Systems Regulator (PSR) published consultation paper MR18/1.6 on its proposed approach to the profitability analysis, forming part of its market review into the supply...
On July 9, 2019, the Bank of Israel released a policy paper in which it states its position in relation to the issue of banks’ payments application activity....

Pages