PYMNTS

DECEMBER 2, 2020

India, in a bid to curb antitrust concerns, is trying a new strategy, putting a 30 percent cap on what a single player can grab from transactions, Bloomberg reported. Despite WhatsApp having over 400 million users in India, the government caps will make it unable to beat its rivals in India, including local giant Paytm.

Caps 67

Caps Volume FinTech Interoperability 67

PYMNTS

DECEMBER 9, 2020

These are $100 billion market cap companies that are sitting in the middle of the payments supply chain.”. Lukies said that prior to the 2008 financial crisis, regulators and the like normally left banks to their own devices, as long as they didn’t mess it up so that people couldn’t pay their bills or go shopping.

Innovation 122

Innovation Rules FinTech Acquirers 122

M2P Fintech

APRIL 11, 2025

Applicable to all regulated entities (REs), including commercial banks, cooperative banks, and NBFCs, these guidelines aim to standardize gold loan practices, tighten controls, and ensure borrower protection. Additionally, the enforcement of the 75% Loan-to-Value (LTV) cap was uneven, and risk weights were incorrectly applied.

Due Diligence 52

Due Diligence Caps Audit Non-Bank 52

PYMNTS

NOVEMBER 7, 2018

Stellar has an approximate $5 billion market cap and No. With the rules, regulators are requiring Swiss banks to “[assign] a flat risk weight of 800 percent to cover market and credit risks, regardless of whether the positions are held in the banking or trading book.” 6 biggest digital currency.

Bitcoin 77

Bitcoin Regulations Digital Currency Cryptocurrency 77

The Fintech Times

JUNE 10, 2024

The Payments Association is urging for a delay in the rollout of new authorised push payment (APP) fraud rules, leveraging the recent leadership change at the Payment Systems Regulator (PSR) as a pivotal moment to push for reconsideration. The rule changes require the FPS to ensure that Pay.UK

Rules 59

Rules Payments Caps Non-Bank 59

The Fintech Times

JUNE 29, 2024

The first stage of the European Union ‘s Markets in Crypto Assets Regulation (MiCA) will come into play on 30 June. In terms of market surveillance, the MiCA regulation is based upon requirements set out in the EU’s Market Abuse Regulation (MAR).

Stablecoins 138

Stablecoins Regulations Compliance Cryptocurrency 138

PYMNTS

SEPTEMBER 30, 2016

The European Union wants the Basel Committee on Banking Supervision to reexamine its rules governing banks’ capital requirements and restrictions on internal risk controls, according to reports on Thursday (Sept. Dombrovskis said on Thursday that the floors should be thrown out.

Rules 60

Rules Risk Caps Adjustments 60

PYMNTS

NOVEMBER 11, 2020

“The combined losses of the five tech heavyweights since their Monday’s close has contributed to more than $280 billion being wiped off in terms of market cap at the close of the trading day in Hong Kong,” according to CNBC’s calculations. The State Administration for Market Regulation — China’s regulator — said on Tuesday (Nov.

NOV 83

NOV Regulations Rules Caps 83

PYMNTS

DECEMBER 20, 2020

One reason Jiwei gave for the possible rule is that it would help avoid the amassing of too much bad debt by one entity. A cap also would support competition, he said, according to Reuters. "We The suggestion was made by Lou Jiwei, the country's former finance minister and now an advisor to the government, Reuters reported.

FinTech 102

FinTech Government Governance Caps 102

The Fintech Times

SEPTEMBER 4, 2024

The UK’s Payment Systems Regulator (PSR) has announced a significant reduction in the maximum fraud reimbursement limit for authorised push payment (APP) scams, lowering it from £415,000 to £85,000 just weeks before new rules take effect in October. Rocio Concha, director of policy and advocacy at UK consumer body Which?,

Regulations 59

Regulations Scams Payments Caps 59

PYMNTS

JULY 1, 2020

Keeping up with customers’ shifting behaviors and preferences amid changing regulations is a familiar challenge for today’s small- to medium-sized businesses (SMBs), but the pandemic’s impact on the scale of digital payments has steepened the learning curve for these merchants. Examining SMBs’ Regulatory Struggles. are experiencing.

Regulations 64

Regulations Digital Payments Contactless Payments Online and Mobile Banking 64

PYMNTS

APRIL 15, 2016

Payment Systems Regulator last month has now led corporate payment company AirPlus to change its operations, according to reports on Thursday (April 14). AirPlus revealed that it will replace its individual pay corporate cards with cards that fall under the EU’s definition of a card product to which interchange fee caps apply.

Commercial Card 40

Commercial Card Rules Caps Regulations 40

Stax

SEPTEMBER 26, 2024

It requires stringent adherence to regulatory guidelines and card network rules, from surcharge caps to disclosure requirements. Some states cap the surcharge rate to a set rate or dollar amount. The overarching rule is that it must not exceed the fees charged by credit card companies. How Do Credit Card Surcharges Work?

Credit Cards 88

Credit Cards Caps Best Practices Laws 88

The Payments Association

OCTOBER 21, 2024

The UK’s increasing fraud and scam problem, focusing on new regulations mandating automatic reimbursement for APP fraud victims. The rule changes provide stronger consumer protection but also raise concerns about industry costs and potential fraud exploitation. Why is it important? What’s next?

Scams 88

Scams Law Enforcement Crime Fraud Prevention 88

EBizCharge

MAY 5, 2025

This surcharge is calculated and applied automatically by the point-of-sale (POS) or payment software, ensuring accuracy and compliance with legal and card network regulations. Ensure compliance with relevant regulations Before launching a zero cost processing program, its essential to understand the legal and regulatory environment.

Credit Cards 52

Credit Cards Small Business Process ACH 52

The Fintech Times

AUGUST 5, 2024

Under the new MiCA rules, which took effect on 1 July 2024, the issuance of Euro-pegged stablecoins like EURT is permitted exclusively to credit institutions or EMIs within the EU. The importance of regulation The partners believe there will no longer be room for unregulated Euro-denominated stablecoins.

Stablecoins 98

Stablecoins FinTech Caps Audit 98

PYMNTS

NOVEMBER 8, 2019

China has changed some IPO rules to entice more tech companies to list publicly in the country, according to a report by The Wall Street Journal. The new rules, put forth by securities regulations and officials at the stock exchange, could be unveiled in the next few days. billion) or less.

Rules 44

Rules Caps Regulations Security 44

PYMNTS

APRIL 6, 2017

Corporate payments company AirPlus International said it lost 127,000 corporate cardholders in 2016 as a direct result of the European Union Interchange Fee Regulation, resulting in $12.8 AirPlus released the information as a warning about the impact of these regulations on commercial cards, according to reports.

Regulations 40

Regulations Commercial Card Caps Authentication 40

Payments Source

MARCH 7, 2018

House legislation to reverse a federal court decision on state interest rate caps would increase access to credit, not expand predatory lending as critics have argued.

Rules 60

Rules Caps Consumer Regulations 60

PYMNTS

MAY 13, 2019

The proposed credit card interest rate cap legislation , courtesy of Democratic presidential hopeful Senator Bernie Sanders and Rep. Alexandria Ocasio-Cortez is in serious need of an almost half-century-old refresher course in the unintended consequences of price caps on the American consumer. Here’s why. A 46-Year-Old History Lesson.

Consumer 78

Consumer Caps Credit Cards Push-to-Card 78

PYMNTS

DECEMBER 3, 2020

Like all regulations, the new Digital Services Act brewing in the European Union has its detractors (those who will be regulated) and its fans (those who are writing the regulations). Yet the DCP still sees the need for regulations. Somewhere in between are consumers. The DSA, now scheduled for a Dec.

Regulations 81

Regulations Rules Laws Cross-Border 81

PYMNTS

JANUARY 22, 2019

According to a report in Reuters , citing the European Commission, the bloc’s antitrust regulator, the move is part of an effort on the part of European regulators to stamp out fees that U.S. Mastercard was slapped with a $648.3 credit card companies charge. The two payment companies have proposed a 0.2

Visa 82

Visa Debit Card Credit Cards Caps 82

PYMNTS

MAY 6, 2019

The European Commission (EC) recently ruled in favor of a 40 percent reduction of interregional interchange fees charged by Visa and Mastercard, a ruling that reports said applies to non-EU consumer debit and credit cards used to make purchases across Europe. Earlier this year, the EC issued a $648.3

Commercial Card 46

Commercial Card Caps Regs Visa 46

Stax

DECEMBER 6, 2023

Businesses that choose to add surcharges can either charge a fixed flat fee or a percentage of the transaction amount with a cap on the total. Credit card surcharging is subject to regulations and compliance requirements that vary by region and country.

Consumer 88

Consumer Credit Cards Alternative Payment Methods Debit Card 88

PYMNTS

JANUARY 9, 2019

8 to dismiss a challenge to such charges, seemingly capping a battle stretching back years. The requests from those parties to dismiss the case came after an appellate court in the state ruled that merchants have the right to levy the charges, and the tally of states with such bans in place has now dropped to six.

Credit Cards 80

Credit Cards Rules Caps Laws 80

PYMNTS

NOVEMBER 8, 2019

China has changed some IPO rules to entice more tech companies to list publicly in the country, according to a report by The Wall Street Journal. The new rules, put forth by securities regulations and officials at the stock exchange, could be unveiled in the next few days. billion) or less.

Rules 41

Rules Caps Regulations Security 41

PYMNTS

NOVEMBER 8, 2019

China has changed some IPO rules to entice more tech companies to list publicly in the country, according to a report by The Wall Street Journal. The new rules, put forth by securities regulations and officials at the stock exchange, could be unveiled in the next few days. billion) or less.

Rules 40

Rules Caps Regulations Security 40

PYMNTS

NOVEMBER 24, 2016

According to the report, regulations, combined with FinTech innovation, are accelerating payment card adoption in these markets. Financial reform led by local regulators is playing a key role in the trend, RBR concluded. Kazakhstan similarly introduced new regulation that requires merchants to accept cards.

Contactless Payments 69

Contactless Payments Regulations Caps NOV 69

PYMNTS

MAY 7, 2018

Bitcoin may be the marquee name in cryptocurrencies, but regulation may loom for its digital dollar brethren. Recent inquiries from regulators in the federal securities and commodities realms have centered on Ethereum. The suit by the state attorney general alleges that the company exceeded the 12 percent usury cap. Dodd-Frank.

Bitcoin 43

Bitcoin Regulations CFPB Cryptocurrency 43

PYMNTS

DECEMBER 8, 2020

In today’s top news, economists expect the economy to recover back to pre-pandemic levels by the end of 2021, and China’s banking watchdog warns of further Big Tech regulations. Top Chinese Watchdog Warns More Big Tech Rules Looming. With Capped Fees, Dining Aggregators May Face Tough Post-Covid Future .

Rules 52

Rules BNPL Caps Community Banks 52

PYMNTS

MAY 31, 2019

Because the rules were put in place less than a year ago, however, it will take time to see their full effects. But the money was contingent on New York City dropping its proposed regulations that would limit the number of ride-hailing drivers in the city, which would cost the ridesharing companies more than $100 million.

Caps 52

Caps Laws Rules Regulations 52

PYMNTS

JULY 9, 2019

The latest twist in what could very well be a landmark ruling is set to unfold Dec. The issue came to a head Tuesday (July 9) at the end of a Court of Justice of the European Union (ECJ) hearing capping a six-year saga pitting Facebook against Austrian privacy activist Max Schrems.

Privacy 40

Privacy Rules Caps Laws 40

PYMNTS

OCTOBER 26, 2018

Draft rules from the China Banking and Insurance Regulatory Commission (CBIRC) show that the regulator will relax at least some ownership rules for foreign banks. At the time, the cap on ownership had been 25 percent for large, publicly traded securities firms and 49 percent of other financial enterprises.

Rules 55

Rules Caps Regulations Legal 55

PYMNTS

MARCH 4, 2020

Bank had in place erroneously capped the number of alerts, which hindered law enforcement’s ability to spot suspicious activity. LaFontaine was warned by his subordinates and by regulators that capping the number of alerts was dangerous and ill-advised. The capped alerts were in place for at least five years.

AML 52

AML Suspicious Activity Report (SAR) Fincen BSA 52

Stax

DECEMBER 13, 2023

So make sure to follow all rules related to the placement, content, design, and compliance of your signage. Understanding Credit Card Surcharges Card networks not only help businesses process credit card payments but they also regulate the industry by establishing surcharging rules and maintaining compliance.

Credit Cards 88

Credit Cards Debit Card Laws Rules 88

Neopay

SEPTEMBER 26, 2024

On September 25th, the Payment Systems Regulator (PSR) confirmed its decision on the maximum reimbursement limit for victims of Authorised Push Payment (APP) scams. This consistency across both payment systems simplifies the rules for the industry and ensures a unified approach to reimbursement.

Scams 52

Scams Fraud Prevention Caps Faster Payments 52

PYMNTS

FEBRUARY 20, 2020

Regulators around the world are passing new laws to make sure ad hoc workers are properly protected, and some of these rules could have sweeping implications for businesses and their freelance partners. The most sweeping of these rules in the U.S. The most sweeping of these rules in the U.S. Lawmakers in other U.S.

Security 64

Security Economy Regulations Rules 64