Payments Dive

FEBRUARY 5, 2024

The company’s customers may experience a drop in quality thanks to EU regulation slated to take effect next month, said Tim Cook, chief executive of the tech giant.

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Regulation Apple Company 243

Payments Dive

MARCH 4, 2024

A Mastercard executive painted Regulation II as potentially harmful to consumers, while Fiserv’s CEO said it was an appropriate update due to the rise of online transactions.

Regulation 221

Regulation Online 221

Bank Innovation

JANUARY 12, 2018

EXCLUSIVE – Major European payments regulation, PSD2 is set to go live tomorrow in Europe. Banks across the European Union have been preparing for the revised Payment Service Directive or PSD2 since it was first passed in 2015 by the Council of the European Union.

Regulation 337

Regulation Payments Maine Compliance 337

Accenture

OCTOBER 31, 2023

PSD2 helped drive electronic payment and data-sharing volumes while enhancing security. So why is the EU proposing to enhance it with the new Payment Services Directive 3 (PSD3) and Payment Services Regulations (PSR) package, and what does this entail? 1) Gaps in the regulatory application of PSD2.

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Payments Regulation Security Data 410

Payments Dive

JANUARY 18, 2023

From buy now, pay later to peer-to-peer payment fraud, there’s no shortage of payments targets for lawmakers and regulators.

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Washington Payments Fraud Regulation 476

Perficient

MAY 27, 2022

For those wanting to start their own cryptocurrency fund, it’s important to be well informed about cryptocurrency regulations. Regulatory cryptocurrency regulations are most fluid at the state level. State Regulations. SEC Regulation. Central Bank Digital Currency (CBDC) ).

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cryptocurrency Regulation Management Bitcoin 332

The Paypers

MARCH 20, 2024

The European Council has adopted the Instant Payments Regulation, which is scheduled to come into effect in a matter of weeks.

Regulation 90

Regulation Payments 90

Perficient

NOVEMBER 30, 2021

Recognizing that regulated and non-regulated financial institutions seek to engage in cryptocurrency and crypto asset activities, the three largest federal bank regulators, the Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency, recently issued a joint statement on crypto assets.

cryptocurrency 309

cryptocurrency Regulation Policies Compliance 309

Payments Dive

JANUARY 12, 2024

State lawmakers and regulators are out-running their national peers in giving direction to the fast-evolving payments industry.

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US Payments National Regulation 273

Payments Dive

SEPTEMBER 13, 2023

Discover executives met with regulators on the issue Monday, and the company expects further discussion, CFO John Greene said.

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Regulation Company 243

Bank Innovation

JANUARY 16, 2018

EXCLUSIVE – After more than two years of planning, Payments Services Directive II or PSD2 finally arrived in Europe on Saturday. The regulation has been dubbed as one of the more substantial regulatory changes of its kind in Europe.

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Regulation Payments Google Apple 356

Payments Dive

JUNE 7, 2023

“As the CFPB prepares to release new regulatory guidance on BNPL providers, it is important that any new regulations do not stifle the industry's growth and limit its availability,” writes one checkout services CEO.

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Regulation Industry 195

PYMNTS

SEPTEMBER 13, 2020

Europe's biggest banks have called on the European Commission to implement tough regulations for cryptocurrencies, such as stablecoins, that would protect consumers and preserve state sovereignty in monetary policy, Reuters reported. In a joint statement Friday (Sept. The association declined to comment, Reuters reported.

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cryptocurrency Regulation Policies Conference 363

South State Correspondent

MAY 13, 2024

Last week, Nacha held its Smarter Faster Payments Conference in Miami, a significant event for over 1,800 bankers and vendors. With 142 presentations and panels, the content was tailored to the needs of every bank interested in payments. Nacha saw three strong presentations covering various legal aspects of payments.

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Conference Payments Fraud Data 195

PYMNTS

JANUARY 20, 2021

The Chinese government is preparing to crack down on what it views as antitrust behavior in the payments sector by tech giants such as Ant Group and Tencent Holdings. Payment companies that already possess state licenses will be given one year to comply with the new regulations.

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Regulation Payments Video Groups 175

PYMNTS

AUGUST 6, 2020

Payments are an omnipresent part of life for corporates and consumers alike, with the United States seeing 174.2 billion noncash payments totaling $97.04 The pandemic has only strengthened the demand for digital payments. Developments From Around The World Of Payments Modernization. trillion in 2018.

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Regulation Payments Innovation Fintech 245

Payments Dive

FEBRUARY 16, 2023

Bank card issuers say there isn’t enough network competition to meet the July debit card routing rule deadline, adopting regulators’ argument to push back.

Regulation 221

Regulation Meeting Cards 221

Payments Dive

NOVEMBER 7, 2023

Google, Apple and 15 other big non-bank technology companies that provide digital wallets or payments apps would be subject to increased regulation if a new Consumer Financial Protection Bureau rule is approved.

Payments 221

Payments Apple Google Regulation 221

PYMNTS

NOVEMBER 27, 2020

Compliance with financial regulations market-to-market around the globe is increasingly automated yet relies on the same human emotion that undergirds all forms of exchange: trust. In other words, banks and financial institutions (FIs) have an obligation to make sure you are who you claim to be. Approximately 1.1

Compliance 198

Compliance Regulation Payments Study 198

Payments Dive

JULY 18, 2023

Buy now, pay later platforms, artificial intelligence and other developments “if left unchecked, could increase consumers’ exposure to fraud and manipulation,” the regulators said Monday.

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Regulation Fraud 195

PYMNTS

JULY 1, 2020

Keeping up with customers’ shifting behaviors and preferences amid changing regulations is a familiar challenge for today’s small- to medium-sized businesses (SMBs), but the pandemic’s impact on the scale of digital payments has steepened the learning curve for these merchants. Examining SMBs’ Regulatory Struggles.

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Regulation Payments Study Online 160

Payments Dive

APRIL 27, 2023

Attorneys and payments professionals called out recent areas of interest for regulators during the Electronic Transactions Association’s conference this week in Atlanta.

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Atlanta Industry Conference Payments 259

PYMNTS

NOVEMBER 13, 2020

As government regulators in China increase tech industry oversight, Tencent said it will comply with new laws intended to curb antitrust activities and tighten FinTech acceleration, according to a Bloomberg report on Friday (Nov. The regulators are looking more closely at transaction-based platforms, Lau said, per Bloomberg.

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Regulation social media Video Groups 227

Accenture

APRIL 24, 2023

The proposed legislation aims to prevent consumers getting into unmanageable debt while still allowing them the option to spread the cost of their purchases over… The post BNPL regulation and its potential impact on UK banks appeared first on Accenture Banking Blog.

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Regulation Trends Payments 195

PYMNTS

OCTOBER 19, 2018

Following the proposal of a payments regulator to be established independent of the Reserve Bank of India (RBI), the central bank has put forward a public objection. Regulation of the payment system by the central bank is the dominant international model for stability consideration,” the central bank said in a note on Friday (Oct.

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Regulation Payments Guidelines System 172

Accenture

MAY 23, 2022

As the payments ecosystem expands into the worlds of crypto and the metaverse, keeping up with customer expectations, regulations and technological shifts is becoming a big challenge for payments providers. The post Agility makes the pieces fit for payments players appeared first on Accenture Banking Blog.

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Payments Regulation Technology Trends 300

PYMNTS

JANUARY 1, 2021

If 2020 was the year of streaming media, of content done a million different ways, of apps and Apple, and Google’s and Amazon’s algorithms … it was also the year of Big Tech regulation, where 2020 set the stage for a 2021 that could be seismic in changing the way companies — from Facebook to Apple to debt collectors — interact with consumers.

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Regulation social media Course Apple 352

PYMNTS

JUNE 25, 2020

In today’s top news, Wirecard files for insolvency, and New York proposes easing regulations for cryptocurrency licenses. Wirecard, the embattled Germany payment services company, said Thursday (June 25) it was filing for insolvency. New York To Ease Cryptocurrency Regulations.

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New York cryptocurrency Regulation Samsung 248

Payments Dive

JANUARY 31, 2024

The industry faces more upheaval this year as legacy companies and upstart fintechs jockey for the upper hand, and regulators monitor the competition closely.

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Payments Regulation Fintech Industry 221

Payments Dive

NOVEMBER 16, 2022

The CEOs of Brex, Splitit and Paystand weigh in on what’s to come in the year ahead, commenting on the trends, challenges, regulation and M&A.

Trends 455

Trends Regulation Payments 455

PYMNTS

NOVEMBER 25, 2020

The age of digital currencies might be fully upon us, but key questions swirl about how to issue and regulate cryptos – especially stablecoins. Among the potential and evolving use cases: private stablecoins can conceivably be adopted as a means of payment for online purchases, peer-to-peer and micro-payments and a range of potential future.

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Regulation Bitcoin Cleveland Study 231

Payments Dive

MARCH 12, 2024

Tokenization could be a "major leap" for the monetary system. FDIC Vice Chairman Travis Hill doesn't want the U.S. to be left out.

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FDIC Regulation System 221

PYMNTS

JUNE 26, 2020

Brussels to Investigate German Regulator Over Wirecard. Brussels is seeking an investigation into the Federal Financial Supervisory Authority (BaFin), Germany’s financial regulatory authority, for its failure to supervise Wirecard, the German payment processor currently being investigated for the missing $2.1

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Regulation Payments California Maine 249

Payments Dive

SEPTEMBER 11, 2023

“I think a fair amount of our competitors believe that they’ll either talk their way out of [regulatory attention] or hide,” Affirm CEO Max Levchin said.

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Regulation 259

PYMNTS

DECEMBER 16, 2020

Robinhood has come under the watchful eye of regulators — this time in Massachusetts. State regulators are set to file a complaint on Wednesday (Dec. 16) saying that the stock-trading platform failed to protect its customers and their assets, violating state laws and regulations.

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Massachusetts Regulation Security Compliance 178

CFPB Monitor

AUGUST 12, 2022

On July 29, 2022, the New York Department of Financial Services (“NYDFS”) released Draft Amendments to its Cyber Security Regulations. Second, the Amendment would also require covered entities to notify the superintendent within 24 hours of making an extortion payment.

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Regulation Cyber Security New York Trends 147

Payments Dive

SEPTEMBER 16, 2022

The Biden administration wants the Securities and Exchange Commission and the Commodity Futures Trading Commission to “aggressively pursue investigations and enforcement actions against unlawful practices in the digital assets space.”

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Regulation Security 367