Regulation

20 Oct 14 @ 12:07

The European Payments Council (EPC) is to set up a host of new bodies to manage the Single euro payments area (SEPA) scheme and are calling for independent candidates to... read more

15 Oct 14 @ 14:12

The UK government is planning to put supervision of MasterCard and Visa alongside the UK’s main interbank payment systems under the remit of the new Payment Systems Regulator (PSR), which... read more

10 Oct 14 @ 15:30

The recent card scheme cross border acquiring (CBA) concessions have created a new model for cross-border acquiring. By default they have become the European Commission’s ‘Plan A’ as a result... read more

26 Sep 14 @ 13:34

According to news out of the US, the Federal Reserve Board says it will leave its debit card interchange cap for large issuers unchanged despite finding that some of their important... read more

24 Sep 14 @ 10:58

Now that SEPA direct debits and credit transfers are firmly established in Europe, the European Central Bank (ECB) is aiming to speed up SEPA for cards. In a new report,... read more

23 Sep 14 @ 10:33

The European Banking Authority (EBA) and other EU supervisory authorities have warned banks to reinforce IT controls and audits on third-party technology providers with relation to operational and IT risk. The Joint Committee of... read more

12 Sep 14 @ 12:53

Joe Oliver, the Canadian Finance Minister, is said to be pressing credit card companies and banks to accept lower credit card fees paid by retailers, which the government claims are among... read more

11 Sep 14 @ 10:36

UK retailers have today welcomed an historic court ruling to end card fees retailers pay banks to process card payments (known as interchange fees). Today’s judgement by the European Court... read more

05 Sep 14 @ 14:47

Federal Reserve banks in the US are moving ahead with plans to implement a faster payments system in order to improve the country’s payment infrastructure. The Federal Reserve banks are... read more

01 Sep 14 @ 12:09

Australia’s tax commissioner has indicated that the bitcoin digital currency could be considered legal tender in the country. Several countries around the world are struggling over whether to classify bitcoin... read more

01 Sep 14 @ 12:06

The UK government is to urge European Union nations to expel Russian banks from the Swift financial messaging network, amid rising tensions over the crisis in Ukraine. UK prime minister... read more

26 Aug 14 @ 10:50

The Target data breach, which compromised the data of 40 million cardholders continues to have ramifications across the industry. Following a class-action lawsuit against Target for the data breach, MasterCard... read more