Regulation

Showing Latest Regulation

Banks warn on e-commerce failure as PSD2 deadline looms

24 Jun 19 @ 12:40

The first of the mandated PSD2 deadlines has been and gone and 41% of European banks did not comply with the PSD2 deadline, which required them to provide a testing... read more

Bank of England set to allow access to FinTechs

21 Jun 19 @ 09:47

The Bank of England has gone on record saying it will allow FinTech companies to store funds overnight in interest-bearing accounts at the central bank, allowing them to bank at... read more

World’s first e-money license for blockchain issued

18 Jun 19 @ 09:31

Monerium has received a license from the Financial Supervisory Authority of Iceland to issue e-money on blockchains through its subsidiary, Monerium EMI. The full license is the world’s first e-money... read more

EMVCo publishes EMV Secure Remote Commerce (SRC) specification v1.0

07 Jun 19 @ 17:11

EMVCo has released EMV Secure Remote Commerce (SRC) Specification v1.0, which is available for free public download from the EMVCo website. The specification provides a foundation that will enable the processing... read more

European financial institutions see Open Banking as the biggest current threat

29 May 19 @ 15:48

Open Banking was launched to spur innovation in the financial services industry and create a better deal for consumers. But new research reveals that European financial institutions still have significant... read more

New WTO rules for e-commerce raise concerns for some countries

20 May 19 @ 17:04

The EU, US, Japan and China are among 76 members of the World Trade Organization (WTO) that launched negotiations to set future rules and obligations in e-commerce in January at... read more

Standardising an industry: What is nexo standards?

16 May 19 @ 06:45

Two major trends stand out in today’s payments acceptance ecosystem: globalisation and digitisation. We’re all transacting, operating and trading on an increasingly global stage, while new payment types and form... read more

Tech backlash begins? San Francisco to ban facial recognition

15 May 19 @ 08:32

San Francisco has voted to ban the use of facial recognition, the first US city to do so. The ban means its local police, transport and other agencies will not... read more

Case study: Surcharging on card payments – why bother?

07 May 19 @ 13:10

An article in the Reserve Bank of Australia’s (RBA) Bulletin of December 2018, accurately and comprehensively describes the history of the regulation of payment card surcharging in Australia. The RBA... read more

Blockchain growing pains – Regulatory oversight and supervisory nodes

02 May 19 @ 10:48

I think its fair to say that blockchain and its underlying DLT technology has matured to a spotty teenager. This maturity and the underlying risks that come with it have... read more

PayPal free to conclude iZettle takeover

30 Apr 19 @ 10:43

The UK’s competition regulator, which had been looking into the merger, has dropped its opposition to PayPal’s $2.2 billion takeover of iZettle, after finding that the enlarged payments group would... read more

The wider implications of why JCPenney stopped Apple Pay

29 Apr 19 @ 12:10

Last week it was reported that one of the major US retailers JCPenney stopped support for Apple Pay. Was it dues to low usage in-store? No was the repose, it... read more

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ECB brings Central Bank money to tokenised market

23 Sep 26 @ 14:34

The European Central Bank has taken a significant step towards integrating distributed ledger technology with Europe’s core financial infrastructure, launchin... more

European E-commerce Hits €911bn as Payments Reshape Online Retail

21 Sep 26 @ 19:41

European e-commerce has broken through the €900bn barrier, underlining the growing importance of digital retail to the continent's economy while intensifying ... more

Inside A7: How Russia built a parallel cross-border payments network

24 Sep 26 @ 16:29

Russia’s attempts to circumvent Western financial sanctions have developed into a sophisticated parallel payments architecture combining traditional banking, ... more