PYMNTS

MAY 22, 2019

As the need for speed increases worldwide, banks and other financial players are adapting payments to work smarter — not harder. With fraud ramping up, regulators around the globe are starting to take a closer look at everything from typical threats to the use of new technologies, like blockchain. Around the Smarter Payments World.

Fraud 180

Fraud Payments Regulation Security 180

PYMNTS

MAY 21, 2019

Bundesbank, Germany’s central bank, said increased use of financial technology in the country could present regulators with their biggest hurdle since the financial crisis, according to a report by Bloomberg. “We Supervisors don’t like moving targets.”. Supervisors don’t like moving targets.”. percent.

Digital Strategies 122

Digital Strategies Cards Technology Regulation 122

PYMNTS

MAY 22, 2019

WeChat Pay and Alipay, the Chinese digital payment apps, have been banned in Nepal due to a loss of income as a result of the services, per the government’s claims. Any digital transaction made with unregistered foreign payment systems like WeChat Pay and Alipay is illegal,” Niroula told Reuters.

Taxes 158

Taxes Regulation Payments System 158

PYMNTS

MAY 22, 2019

Mexican President Andrés Manuel López Obrador is in support of big banks that want to expand in Mexico. According to The Wall Street Journal , Mexico’s leader meets regularly with bank chiefs and has championed less-stringent regulation on financial institutions, which he believes can police themselves.

Regulation 100

Regulation Conference America Meeting 100

PYMNTS

MAY 24, 2019

The plan is pending approval and could allow firms to test services for mobile money that are not connected to bank accounts of consumers, Deal Street Asia reported. Since mobile money lets consumers use their mobile phones to transfer money, it could help people that don’t have bank accounts.

Payments 108

Payments Mobile Regulation Policies 108

PYMNTS

MAY 19, 2019

Regulators are working to ensure the funds of credit union members are protected and that services at the credit union aren’t impacted by the problems. While the scandal at Municipal Credit Union is getting attention, a bigger problem for credit unions is keeping pace with their larger rivals on the digital front.

New York 181

New York Security Customer Experience Innovation 181

PYMNTS

MAY 23, 2019

Digital banking is not the main element that drives consumers toward using a credit union. However, as Lumin Digital President Jeff Chambers told Karen Webster in a recent conversation, that doesn’t mean the digital banking experience isn’t critical to credit unions’ relationships with their members.

Online 123

Online Millennials Digital Banking Maine 123