Regulation

13 Sep 22 @ 17:19

It’s not news the COVID-19 pandemic and lockdowns accelerated an existing shift to digital financial services, including payments. The latest issue of the International Monetary Fund’s (IMF) Finance and Development... read more

08 Sep 22 @ 16:33

For more than a decade, Verizon has documented compliance trends in the evolving payment security industry. The Payment Security Report (PSR) has tracked compliance ups and downs, while keeping a... read more

07 Sep 22 @ 16:02

The European Banking Federation (EBF), which represents 32 national banking associations in Europe, has responded to the European Commission’s Call for Evidence on an “Open Finance Framework – enabling data... read more

05 Sep 22 @ 15:58

Despite warnings to the contrary and the growing economic storm, UK banks are still rushing into BNPL despite rising risks of default and increasing regulatory scrutiny. The move is seen... read more

01 Sep 22 @ 10:41

It seems that the direction of travel for the regulation of cryotocurrency and crypto assets in the EU and UK are taking strongly divergent paths. In Europe there is the... read more

25 Aug 22 @ 13:24

Visa and Mastercard have both cited fraud as the primary reason for their respective increase in interchange fees between the UK and the EU after Brexit. Both companies face a... read more

25 Aug 22 @ 10:32

Just months after the Central Bank of India (RBI) lifted its card issuing ban on Mastercard, it has now lifted the same ban on American Express allowing it to start... read more

23 Aug 22 @ 09:19

The New York State Department of Financial Services (DFS) has issued a new Regulatory Guidance, setting foundational criteria for USD backed stablecoins used by DFS-regulated entities. This represents the first US... read more

12 Aug 22 @ 13:29

The Central Bank of the Russian Federation wants the government to order state companies to convert their foreign-exchange holdings into the currencies of countries that haven’t joined sanctions imposed by... read more

12 Aug 22 @ 12:04

Global use of cryptocurrencies has increased exponentially during the COVID-19 pandemic, including in developing countries. While these private digital currencies have rewarded some, and facilitate remittances, they are an unstable... read more

09 Aug 22 @ 10:29

The US has imposed sanctions on Tornado Cash, a crypto “mixing service” that they say has laundered more than $7 billion over the past three years and helped North Korean... read more

08 Aug 22 @ 16:26

On 20 July 2022, HM Treasury published a consultation and call for evidence on the government’s approach to reforms to the payments regulation landscape, including the systemic payments perimeter of the... read more