Regulation

17 Oct 22 @ 16:04

As implementation of the EU’s Strong Customer Authentication (SCA) moves from a “soft” to “hard” state – that is, with liability transferring to those merchants that don’t employ SCA –... read more

13 Oct 22 @ 11:04

The European Council’s Permanent Representatives Committee has approved MiCA, the Markets in Crypto-Assets regulation text, and sent it to the chair of the European Parliament Committee on Economic and Monetary... read more

07 Oct 22 @ 11:16

The rise of central bank digital currencies (CBDCs) is a global phenomenon. As of August 2022, two central banks have formally launched a CBDC: the Central Bank of the Bahamas... read more

06 Oct 22 @ 16:15

Businesses are in danger of failing to embrace the opportunity that the upcoming Consumer Duty regulation presents and may not be compliant due to a failure to prepare. New research... read more

06 Oct 22 @ 09:37

More than 340 million Europeans carry euro banknotes and coins around as cash and pay in euro when they shop online. One of the key ECB responsibilities, alongside its main... read more

05 Oct 22 @ 12:23

A significant class action lawsuit has been served against Visa and Mastercard at the UK’s specialist competition tribunal on behalf of a large number of claimants seeking damages for allegedly... read more

05 Oct 22 @ 09:00

The Federal Reserve Board has finalised updates to the its rule concerning debit card transactions. Pursuant to statute, the updates specify that debit card issuers should enable at least two... read more

30 Sep 22 @ 09:00

The US has been applying considerable pressure on countries it sees as helping Russia evade the sanctions placed on it due to its invasion of Ukraine. This week, three Turkish... read more

26 Sep 22 @ 12:56

The Reserve Bank of Australia (RBA) has announced a marked change in its position on Least Cost Routing (LCR) – how banks and credit card companies prioritise payments in the... read more

21 Sep 22 @ 20:06

PCM considers the impact of stagnant or declining economic growth, rising interest rates and growing regulatory strictures on the payments industry. As conditions worsen to a point not seen in... read more

21 Sep 22 @ 16:34

Last week, 1,668 retailers and more than 200 trade organisations urged the US Congress to pass the The Credit Card Competition Act, which gives merchants a choice in the routing... read more

19 Sep 22 @ 10:41

Back in June 2021, Norwegian Vipps, Danish Mobilepay and Finnish Pivo announced that the three mobile wallets would merge. Late last week it emerged that Pivo, owned by OP Bank... read more