Regulation

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

01 Apr 14 @ 11:38

In an awesome piece of news for banking tech vendors, bank IT systems are set to come under the regulatory microscope in 2013/2014 as the UK’s Financial Conduct Authority identifies technology... read more

13 Mar 14 @ 11:30

New York’s financial regulator has said firms can submit proposals to set up “regulated”  digital currency exchanges like Bitcoin. The state’s Department of Financial Services (NYDFS) said it wanted to... read more

05 Mar 14 @ 15:40

The European Banking Authority (EBA) will create a taskforce to advise it on whether virtual currencies like beleaguered Bitcoin, should be regulated. The watchdog said that the taskforce will be... read more

03 Mar 14 @ 10:28

Visa Europe will cap the transaction fees it charges, the European Commission said on Wednesday, curbing an important money earner for banks behind the payment scheme. Europe’s antitrust regulator accepted on... read more

27 Feb 14 @ 12:48

The European Commission and Parliament are contemplating dramatic changes to the European interchange regulation structure and level of card interchange within the European Union.  Although the final form of the regulation... read more

21 Feb 14 @ 15:47

The card payment fees that banks charge retailers for processing shoppers’ payments should be capped, Economic and Monetary Affairs Committee MEPs decided in a vote on Thursday. The cap would apply... read more

14 Feb 14 @ 10:59

European consumers are concerned that draft EU legislation currently under discussion would make paying with cards more expensive and more complicated. According to a recent poll in 13 European countries, 2... read more

13 Feb 14 @ 15:17

Regulation (EU) No 260/2012 (the ‘SEPA 2012 Regulation’) established common technical and business requirements for credit transfers and direct debits denominated in euros and was seen as an important building... read more

05 Feb 14 @ 11:34

The US Federal Reserve has announced it will continue with plans to further the introduction of faster payments for US retail payments as part of a wide systematic effort to modernise the... read more

04 Feb 14 @ 16:20

In an unsurprising piece of news, the European Parliament has extended the SEPA migration deadline, set for 1st February 2014, for processing SEPA-compliant payment transfers by six months, to August... read more