article thumbnail

Decoding the FCA’s Safeguarding reforms: Practical steps for payments and E-money firms

The Payments Association

The reforms ensure robust safeguarding practices, bolster consumer trust, and address risks like fund shortfalls during insolvency. Central to these changes are new statutory trust requirements, more prescriptive record-keeping, reconciliation standards, and the mandate for external safeguarding audits. Why is it important?

article thumbnail

A Merchant’s Guide to Payment Compliance in 2025

Clearly Payments

To stay in good standing: Respond to disputes promptly Use pre-transaction fraud tools (3DS2, address verification, etc.) Visa and Mastercard thresholds (2025): Visa: 0.9% of total transactions Mastercard: 1.0% Some processors will flag merchants at even lower levels.

article thumbnail

Sustainable payments: Innovating for our financial ecosystem

The Payments Association

The trend towards sustainability and especially the movement of consumers towards a sustainable lifestyle is one that the payments industry has addressed—somewhat. Consumer behaviour has always been a massive force for change, and the payments industry is no exception.

article thumbnail

When do crypto firms need additional EU licences for stablecoin transfers? EBA issues guidance on the interplay between PSD2 and MiCA

The Payments Association

The Opinion proposes two options to address the overlap between MiCA and PSD2 pathways. Will PSD3/PSR fix the problem? Amend MiCA. Use PSD3/PSR to amend MiCA to prescribe a single set of rules applicable to CASPs providing EMT-related payment services.

article thumbnail

Evolve Payment: The Safety of Cash Management

Evolve Payment

Understands the Cannabis Industry: They should understand the nuances of compliance, including restrictions on interstate commerce, varying state laws regarding THC limits and product types, and reporting requirements specific to cannabis businesses. Compliance Is Key Staying compliant with state and local regulations is paramount.

article thumbnail

ECB outlines plans for integrated regulatory reporting across Europe

Finextra

ECB outlines plans for integrated regulatory reporting across Europe European and national authorities have joined forces with banks to integrate reporting requirements across Europe. But banks in Europe are facing more and more regulatory reporting requirements from various European and national authorities.

article thumbnail

Maybank and ESGpedia Team Up to Simplify Sustainability Reporting for SMEs

Fintech News

Maybank Singapore has introduced a new feature in its myimpact SME programme , SMEs to calculate carbon emissions and report core environmental, social, and governance (ESG) metrics.

Payroll 116