Regulation

25 Oct 13 @ 17:09

The Reserve Bank of Australia and the Australian Payments Clearing Association have proposed creating a new industry body called the Australian Payments Council, to better coordinate the country’s payments system.... read more

25 Oct 13 @ 11:01

The European Central Bank has warned companies that are stalling on updating their systems that the SEPA deadline is fast approaching and that big-bang upgrades will cause significant problems to... read more

24 Oct 13 @ 15:22

Payment processor Equens has launched the ‘SEPAklaar.nl’ [translated, ‘SEPA-ready.nl’] campaign. This campaign is aimed at medium-sized businesses and organisations that may find themselves under time pressure in migrating their payment... read more

11 Oct 13 @ 09:43

Safaricom’s M-Pesa platform may soon be open for use by other mobile payment services providers if new regulations published by the Central Bank of Kenya are placed into effect. The... read more

20 Sep 13 @ 12:46

As the number of mobile transactions made worldwide gathers increasing pace, the analysis and harmonisation of mobile payment standards by regulators should take precedence, said Phil Davies, managing director of... read more

17 Sep 13 @ 09:18

A Sepa migration forum facilitated by the Euro Banking Association has set out its best practice guidelines on direct debit exception handling. The Sepa migration action round table (Smart) presented... read more

05 Aug 13 @ 10:43

A U.S. judge ruled on Wednesday that the Federal Reserve ignored the intent of Congress regarding a controversial cap on debit card “swipe fees” that are part of a dispute... read more

01 Aug 13 @ 01:22

The controversy surrounding virtual currencies is prompting enthusiasts to try to bolster their legitimacy and fight perceptions that they attract illicit behavior. A group of companies that are pushing virtual... read more

26 Jul 13 @ 01:30

Barclaycard announces that it has partnered with Sysnet Global Solutions to provide PCI DSS compliance validation services to its UK based merchant customers.  In the accompanying press release Internal Market... read more

26 Jul 13 @ 00:00

The European Commission (EC) published the long awaited proposal for a revised Payment Services Directive (PSD2), and a proposal for the regulation of Multilateral Interchange Fees (MIF), on 24 July... read more

27 Jun 13 @ 00:00

The European Union (EU) is set to revise the Single Euro Payments Area (SEPA) governance arrangements by replacing the informal SEPA Council with the European Retail Payments Board (ERPB) and... read more

10 Jun 13 @ 00:00

The European Payments Council (EPC), representing the European banking industry in relation to payments, together with the Cards Stakeholders Group (CSG) today published version 6.5 of the Single Euro Payments... read more