Regulation

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

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