With legal cannabis companies still struggling to gain access to banking and payment services, a new lawsuit is alleging a California-based company disguised the true nature of cannabis delivery...
On June 4, 2019, the Reserve Bank of India (RBI) published a report on the payment systems and payment instruments present in India in comparison with other countries such as Australia, Brazil,...
On June 4, 2019, the Danish Financial Supervisory Authority (Finanstilsynet) published the opinion of the Payments Council on the new rules related to electronic payments and strong customer...
On June 3, 2019, the New Payments Platforms (NPP) Australia released a QR Code Standard for the NPP, which is addressed to payment providers and facilitators and provides details on required...
On June 3, 2019, Danmarks Nationalbank published a report on the financial infrastructure in Denmark. The report provides insights on the work undertaken by the central bank regarding the...
Canadian officials are floating a proposal to rework infrastructure rules to allow debit card acceptance when connectivity to payment rails is not feasible, such as mass transit, in-flight...
Germany’s long-standing direct debit-based system of point of sale payments lost ground to the interbank Girocard system for the first time in 2018, with interchange fee reforms prompting merchants...
The number of correspondent banking relationships around the world has dropped by nearly a quarter over the last seven years, according to new data collected by SWIFT.
On May 22, 2019, the New Payments Platform (NPP) published Version 2.0 of the NPP API Framework, which was initially launched in September 2018....
On April 25, 2019, the European Payments Council (EPC) announced that it is preparing a public consultation document on amendments to version 1.0 of the SPL Scheme Rulebook....
A significant number of U.S. households are unable to obtain banking and other mainstream financial services, instead relying largely on often high-cost alternatives and cash, according to a new...
On May 15, 2019, the Financial Sector Conduct Authority (FSCA) in South Africa released a consultation paper on a draft conduct standard for banks, under the mandate of the Financial Sector...
Authorities worldwide should consider giving e-money firms access to central bank funds unlocking “enormous benefits for cross-border payments”, according to a director at the International...
On November 27, 2018, the Bank of Lithuania launched a public consultation seeking feedback in regard to the need and conditions for open banking in the country, following regulatory changes made...
On March 13, 2018, HM Treasury published a consultation paper on cash and digital payments in the new economy. Taking into consideration that the use of cash is rapidly decreasing, while the amount...
On May 2, 2019, the Bank of Canada and the Monetary Authority of Singapore (MAS) jointly published a report titled “Jasper-Ubin Design Paper: Enabling Cross-Border High Value Transfer Using...

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