Regulation

13 Dec 13 @ 14:12

The European Parliament voted today[1] to give the right of access to a basic bank account at little or no cost to up to 30 million EU residents who want... read more

13 Dec 13 @ 13:59

The People’s Bank of China (PBOC) is drafting new mobile payment rules to regulate mobile payments, the Xinhua-run Economic Information Daily reported Wednesday. Fan Shuangwen, deputy head of PBOC’s department of... read more

13 Dec 13 @ 09:00

In an unsurprising reaction, the draft European Parliament report on the proposed Regulation on banking interchange fees (MIF) would water down the Commission proposal so that the majority of the... read more

11 Dec 13 @ 16:46

A new white paper has been announced titled “EMV is Not Enough: Considerations for Implementing 3D Secure.” The paper considers the impending US EMV migration to Europay, MasterCard and Visa... read more

06 Dec 13 @ 11:09

China’s central bank has taken the decision to bar financial institutions from handling Bitcoin transactions, moving to regulate the virtual currency after an 89-fold jump in its value sparked a... read more

22 Nov 13 @ 16:39

Safaricom has offered to negotiate a settlement with rival Airtel in an abuse of dominance dispute filed before the competition regulator. Correspondence between the two firms shows that Safaricom agreed to... read more

21 Nov 13 @ 11:05

Banks, credit card companies and other payment service providers (PSPs) should put multiple “security measures” in place to ensure that they can repel attempts to breach the integrity of internet... read more

19 Nov 13 @ 19:00

The European Payment Users Alliance is a group of European payment users who have come together to call for more transparency and competition in the payment market. We welcome the... read more

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