Regulation

23 Jul 14 @ 16:06

As the European Commission moves closer towards its ambitions of creating a single European payments market, one proposal put forward in Article 58 of the upcoming Payment Services Directive (PSD2)... read more

21 Jul 14 @ 16:01

The UK Competition and Markets Authority (CMA) is planning to launch an investigation into the UK retail banking sector in a move which could see high-street giants being broken up.... read more

15 Jul 14 @ 13:08

Europe’s Banking Authority has warned its financial institutions to avoid dealing in Bitcoins and other virtual currencies until a forthcoming regulatory regime has been established. It also laid out various elements that... read more

07 Jul 14 @ 19:29

Visa and MasterCard have reached a compromise agreement with Russian officials that would allow the global card payment companies to continue operating in the country. “MasterCard and Visa will continue business in Russia,”... read more

24 Jun 14 @ 16:03

Canada has implemented what is the first official national law on Bitcoin use. Its signing was quiet, notes Christine Duhaime, B.A., J.D., Financial Crime and Certified Anti-Money Laundering Specialist of Duhaime Law.... read more

24 Jun 14 @ 11:57

A new survey shows that the majority of high value retailers in Europe believe that draft EU rules to cap interchange fees for electronic payments should only go ahead if... read more

13 Jun 14 @ 10:59

While much of the debate around European card regulation and interchange focuses on Visa and MasterCard, how will three-party schemes fare under proposed legislation? The July 2013 publication of European... read more

03 Jun 14 @ 14:24

Visa and MasterCard plan to continue to operate in Russia, following compromise agreements with the Russian government in the wake of the sanctions imposed on the country due to the... read more

19 May 14 @ 11:34

The European Payments Council (EPC), representing the European banking industry in relation to payments, today launched a three-month public consultation on possible modifications to the SEPA Credit Transfer (SCT) and... read more

29 Apr 14 @ 13:06

Following the near completion of the migration of the first two payment instruments, credit transfers (CTs) and direct debits (DDs), to the Single Euro Payments Area (SEPA), the Eurosystem is... read more

14 Apr 14 @ 09:47

As the rise and fall of virtual currencies continue, the US Attorney General has raised the prospect of applying money-laundering and know-your-customer controls to virtual currency transactions as a means... read more

03 Apr 14 @ 13:05

The European Parliament is to support the cap on costs of all credit and debit cards at reasonable levels across Europe but is allowing member states to set even lower... read more