Chris Skinner

DECEMBER 12, 2019

IPO over valuation -sources EU confirms one-year Brexit reprieve for clearing houses America wants the World Bank … The post Things worth reading: 13th December 2019 appeared first on Chris Skinner's blog.

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America Technology 247

PYMNTS

DECEMBER 21, 2020

Like elsewhere in the world, the country has had to suffer travel restrictions and lockdowns as they attempted to curb the virus's spread. The European Commission called those behaviors "manipulative" and said the EU had been working with the company to make the changes.

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PYMNTS

DECEMBER 15, 2020

As Brussels published its tech legislation drafts, the European Union (EU) warned that it would break up Big Tech for repeated practices that are deemed anti-competitive, the Financial Times (FT) reported on Tuesday (Dec. If passed, the new Big Tech rules will be the strictest in the world. .

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PYMNTS

DECEMBER 10, 2020

The move comes as the EU is working on a European Democracy Action Plan and the closely watched Digital Services Act. That’s even as “repressive regimes around the world use draconian legal frameworks to stifle online freedoms.”. Several companies, including Twitter , are urging European Union regulators to “defend the Open Internet.”

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PYMNTS

SEPTEMBER 13, 2020

11), the finance ministers of Germany, France, Italy, Spain and the Netherlands said they asked the executive branch of the European Union (EU), the agency responsible for managing the day-to-day business of the EU’s 27 nations, to prohibit stablecoins until oversight challenges had been addressed, Reuters reported.

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PYMNTS

MAY 22, 2020

The EU Model. Many government bodies around the world are offering financial support in response, but their inability to do so in a fast and robust manner is further highlighting the need for improved access to real-time payments.”. Dealing with unpleasant realities first: Things are exactly as bad as they seem right now.

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PYMNTS

DECEMBER 17, 2020

The move comes as regulators in the EU are looking at ways to keep U.S. According to the EU, Google's pledge to keep access for rival health and fitness apps and device makers for the next decade cinched the decision and convinced them that Google's entry into the health and fitness field wouldn't bring antitrust concerns, Bloomberg reported.

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Chris Skinner

APRIL 30, 2018

Everywhere around the world, I find politicians and bankers in dodgy practices. It’s because power and money go together.

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Regulation 284

PYMNTS

SEPTEMBER 23, 2020

In today’s top payments news around the world, PayPal and Mastercard are adding more European Union (EU) countries to a debit card offering, while European Central Bank (ECB) President Christine Lagarde has called for a digital euro. PayPal, Mastercard Add 5 EU Countries To Debit Card Offering.

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PYMNTS

SEPTEMBER 8, 2020

Online sales in such countries as Spain, an EU member, are expected to grow by 20 percent , according to eMarketer. The European Commission, the EU’s arm for antitrust regulations, said in a press release that it will examine vertical block exemption regulations (VBER). “The billion ($2.6 billion ($2.6

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BankInovation

AUGUST 14, 2023

The EU AI Act, proposed in June after two years of talks, could have implications on how financial institutions across Europe use and implement AI. With the passage of the act, expected this year, the EU would be the first bloc in the world to regulate AI to ensure better conditions for the development […]

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Regulation Security 52

PYMNTS

JUNE 29, 2020

SMBs and merchants operating in the EU must comply with strong customer authentication (SCA), which mandates stricter authentication requirements for online and contactless purchases above a certain value. Around the Data Protection World. from 30 euros to 50 euros ($33.67-$56.12), for example. however, notably SCA.

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PYMNTS

FEBRUARY 5, 2020

The European Union (EU) has levied $126 million USD in fines in that brief time, the biggest against Google at $57 million. 1 in the world – would stop allowing third-party cookies by 2022. And what does the world look like without cookies? Together in a Privacy Sandbox.

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PYMNTS

APRIL 18, 2019

Since many European Union (EU) countries have now brought PSD2 and GDPR fully into their financial infrastructures, banks and merchants must prepare for the upcoming Strong Customer Authentication (SCA) rule and its fast-approaching September deadline. Around the PSD2, GDPR World. Solving for SCA’s $100-Billion-a-Year Problem.

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PYMNTS

JANUARY 22, 2021

Vestager and Pichai will “will discuss issues within the digital and competition portfolios,” a representative of the EU said, per Bloomberg. The EU also looked into Google’s possible utilization of information from buying Fitbit prior to giving the takeover the green light with conditions back in December.

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PYMNTS

MARCH 7, 2019

Merchants and customers are now transacting under PSD2 and GDPR in the European Union (EU) — regulations that allow a greater window into how customer data is being used. Concerns from consumers outside the EU on how data is handled are growing as well, though many continue to have concerns regarding fraud. Around the PSD2 World.

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PYMNTS

DECEMBER 27, 2019

The Libra project is currently seeking regulatory consent in the country, and it has been scrutinized by other regulators around the world, with some countries like Germany and France flat out saying they will not allow it. “I

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PYMNTS

OCTOBER 29, 2020

The European Union’s (EU) second-highest court ruled that Facebook can’t be forced to turn over sensitive information without a review. The ruling follows Facebook’s complaint in July that EU regulators were making excessive demands for sensitive data, beyond what was necessary. billion.

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PYMNTS

APRIL 21, 2020

Thierry Breton, the European Union’s (EU) commissioner for internal market and services, said the 27-nation bloc is facing its most difficult challenge since it was founded in 1993, and stated that its nations should be a top priority for bailouts, the Associated Press reported. It could take 1.5 trillion euros (1.63

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PYMNTS

JULY 3, 2019

The tech giant’s main regulator in the European Union (EU) said it is looking into whether Apple has complied with the EU’s General Data Protection Regulation (GDPR) privacy law regarding an access request from a customer. government last year to embrace privacy laws similar to the EU.

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Chris Skinner

SEPTEMBER 12, 2016

The Square Mile is the envy of the world – and leaving the EU shouldn’t change that EU opens ethics probe into Barroso Goldman job Tech advice drives record turnover at PwC Industry heavyweights put faith in robo-advisers Banks find … The post Things worth reading: 12th September 2016 appeared first on Chris Skinner's blog.

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Industry 150

PYMNTS

SEPTEMBER 28, 2020

Facebook Threatens EU Withdrawal Over Data Sovereignty. SocialMediaToday reported that in early September, an EU “privacy regulator … sent Facebook a preliminary order to suspend data transfers to the U.S. about its EU users.” The dustup reportedly deals with EU concerns over surveillance uses. “If are over.".

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PYMNTS

OCTOBER 7, 2019

Merchants in the European Union (EU) are still wondering exactly what changes the regulation will bring when it comes to their relationships with customers. Around the PSD2 and GDPR world. Regulators in many EU countries have their own thoughts on SCA and how long it will take merchants to prepare.

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PYMNTS

DECEMBER 7, 2020

In today’s top payments news around the world, Revolut has debuted an acquiring solution for its Revolut Business starter pack, while online shopping website JD.com is taking digital yuan. Plus, the European Union (EU) is looking to implement a two-tier system of legislation with its Digital Services Act.

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PYMNTS

AUGUST 29, 2018

When trying to understand the new eIDAS regulations set to go officially online in the EU in September, it helps, Trulioo GM Zac Cohen told Karen Webster, to take a step back and look at the general purpose of the European Union. A Changing EU (and Landscape). In 2014, the idea that the U.K. Today, it is a rapidly approaching reality.

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PYMNTS

NOVEMBER 26, 2020

Thierry Breton , EU's digital chief, says tech giants breaking the bloc's new rules could face fines or more severe punishments like breaking up their European businesses, Reuters reported. The big tech companies have been facing tougher regulations and more scrutiny around the world as of late.

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PYMNTS

JULY 16, 2020

In a surprise win for privacy advocates, the European Court of Justice has ruled companies will face restrictions on storing information about European Union (EU) residents on U.S. The decision on Thursday (July 16) ends a data transfer agreement between the EU and the U.S. servers, The Wall Street Journal reported.

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PYMNTS

OCTOBER 1, 2020

The ECB is expected to soon release its assessment of whether to launch a digital euro, a move that comes as central banks around the world explore digitization amid a time of revolutionary change in the payments sector. The Eurosystem has so far not made a decision on whether to introduce a digital euro.

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PYMNTS

OCTOBER 21, 2020

In April, for example, the EBF, European Association of Co-operative Banks (EACB) and the European Savings and Retail Banking Group (ESBG) said that tech-driven priorities include the development of instant payments capabilities across the EU and robust data sharing.

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PYMNTS

MAY 16, 2019

Across the European Union (EU), technology providers and social media platforms are increasingly playing a bigger role in the Open Banking ecosystem. Around the PSD2, GD PR World. Meanwhile, technology companies like Microsoft are dealing with GDPR investigations of their own.

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PYMNTS

DECEMBER 18, 2020

Central Banks Around the World Eye CBDCs. It’s been no secret that central banks around the world have been studying digital currencies or are actively in the midst of developing them. The Lures – And Challenges – Of Central Bank Digital Currencies EU Bankers Weigh Risks, Rewards of CBDC – and Cash’s Staying Power.

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PYMNTS

DECEMBER 16, 2020

In today’s top payments news around the world, IBM has bought Canada-based Expertus Technologies, while Gojek is rolling out its new GoBiz Plus point-of-sale (POS) offering. EU Releases First Drafts for Digital Services, Digital Markets Acts. Plus, Bridgetown Holdings is reportedly thinking about a deal with Tokopedia.

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PYMNTS

OCTOBER 12, 2020

In today’s top payments news around the world, China’s central bank is issuing $1.5 Plus, European Union (EU) regulators are drawing a list of large internet companies to be targeted with more stringent regulations. EU Puts Up to 20 Firms on Regulatory Hit List .

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PYMNTS

JANUARY 2, 2020

These financial institutions ( FIs) have recognized how this regulation has affected the EU financial ecosystem, and they have passed that familiarity onto the merchants and payment providers that work with them. Only 22 percent of EU merchants have not taken steps to respond to PSD2 or Strong Customer Authentication (SCA), for example.

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PYMNTS

JULY 1, 2020

Application programming interfaces (APIs) and open banking are being harnessed to face these obstacles in turn, but their implementation has been slow in much of the world, including the U.S. Developments From Around the World of B2B APIs. Banks in the EU currently spend between 50 million euros ($56.2

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PYMNTS

JULY 16, 2018

For its part, EU officials working on the connection legislation have said they will not take sides when it comes to the technologies, and would instead remain neutral. That includes Finland — known among many observers as the mobile data center of the world , and a “sandbox” for developers of 5G technology. Spain’s Objections.

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United States Technology Guidelines Data 130

PYMNTS

FEBRUARY 14, 2020

billion EU fine was too high during the last day of a three-day court case regarding alleged antitrust behavior, according to a report by Reuters. . You are one of the richest companies in the world,” Irish Judge Colm Mac Eochaidh said. The multipliers are set between 5 and 20 percent of Google’s 2016 turnover in the EU.

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