Stax

DECEMBER 20, 2023

This article explores the legal landscape surrounding surcharges, shedding light on the intricacies of state and federal laws and strategies for small businesses to manage processing costs. Learn More Are Debit Card Surcharges Legal? Let’s start with the elephant in the room: are debit card surcharges legal? Get in touch!

Debit Card 88

Debit Card Legal Credit Cards Processing Costs 88

Fintech News

DECEMBER 9, 2024

However, this embrace of the new is not without a cautious side, as Singapore carefully balances innovation with robust regulation and consumer protection. Morgan, MUFG, and Societe Generale-FORGE , have been leading efforts to define the business, governance, risk, legal, and technology requirements of the GL1 Platform.

Cryptocurrency 117

Cryptocurrency Cross-Border Consumer Protection Facilitators 117

PYMNTS

JULY 23, 2020

Axios reported the investigation is examining Apple’s possible use of deceptive trade practices that may have broken consumer protection laws. This is the latest legal challenge faced by the multinational technology company headquartered in Cupertino, California.

Consumer Protection 63

Consumer Protection Consumer Laws Legal 63

The Payments Association

FEBRUARY 14, 2025

These changes aim to enhance consumer protection by ensuring that customer funds are adequately safeguarded. Open banking enhances competition, consumer choice, and cost efficiency while increasing focus on fraud prevention and consumer protection to support wider adoption.

Stablecoins 88

Stablecoins Payment APIs and Integration Regulatory Compliance Compliance 88

The Fintech Times

MARCH 3, 2025

The Payments Association , the trade group representing the payments sector, has launched its Payments Manifesto for 2025, urging the UK government to modernise the payment infrastructure to ensure consumer protection. Our Manifesto provides the ideal context in which to proceed with this.”

Governance 59

Governance Government Financial Inclusion Consumer Protection 59

PYMNTS

JANUARY 23, 2020

Parliament’s Internal Market and Consumer Protection Committee issued a resolution Thursday (Jan. The committee said that humans must “ultimately be responsible” for the processes of AI and ADM processes, particularly in fields such as medical, legal and accounting.

Consumer Protection 52

Consumer Protection AI Automation Consumer 52

Fi911

APRIL 15, 2025

Is Negative-Option Billing Legal? The legality of negative-option billing varies depending on the jurisdiction, but it is generally permissible under certain conditions. Canada, the UK, the EU) have their own frameworks, often with similar consumer protection aims. Different countries and regions (e.g.,

FTC 59

FTC Federal Trade Commission Legal Best Practices 59

The Fintech Times

DECEMBER 19, 2023

Here Akshata Namjoshi, associate partner, and Ratul Roshan , senior associate, at legal consulting firm KARM Legal Consultants, explore the evolving regulatory landscape of BNPL services in the United Kingdom, Australia, Ireland, and the United Arab Emirates (UAE).

BNPL 113

BNPL Regulations Finance Consumer Protection 113

EBizCharge

MARCH 14, 2025

Customers should be able to grasp the terms without needing a legal background. Legal advice: Legal experts can help clarify terms, avoid vague language that may lead to misunderstandings, and ensure that the policy aligns with applicable refund and return laws. Can you get around a no-refund policy?

Returns 52

Returns Disputes Legal Non-Bank 52

Fintech News

FEBRUARY 27, 2024

The Reserve Bank of Australia (RBA) also played a crucial role by exploring the concept of retail and wholesale Central Bank Digital Currencies (CBDC) through its eAUD pilot programme , which focused on a wide array of use cases and essential legal aspects.

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APACS Regulations Stablecoins Cryptocurrency 132

Innovative Payments Association

JANUARY 14, 2025

While deregulatory measures such as revisiting the Open Banking Rule may gain momentum, their implementation faces procedural and legal challenges. The payments industry supports reasonable, evidence-based regulation that balances consumer protection with innovation.

Consumer Financial Protection Bureau (CFPB) 52

Consumer Financial Protection Bureau (CFPB) CFPB FDIC Consumer Protection 52

Fintech News

MARCH 31, 2024

Hasan Fawzi Hasan Fawzi, the Chief Executive of the Supervision of Financial Sector Technology Innovation, Digital Financial Assets, and Crypto Assets at OJK, highlighted the initiative’s role in enhancing consumer protection and education. Those failing to comply will be deemed unlicensed or illegal.

Consumer Protection 113

Consumer Protection Risk Management Regulations Legal 113

PYMNTS

MARCH 16, 2020

Alexey Guznov, the Bank of Russia’s head of legal office, said in an interview with a news agency in the country that the institution didn’t think the trading and issuance of digital currency should be legal in its borders.

Bitcoin 97

Bitcoin Digital Currency Central Bank Money Laundering 97

Fintech News

FEBRUARY 21, 2024

The Indonesian Financial Services Authority (OJK) is closely monitoring Investree , a fintech peer-to-peer lending platform, following public reports of potential operational and consumer protection violations. The company had earmarked US$4.5 An additional US$1.15

Law Enforcement 120

Law Enforcement Audit Authorization Consumer Protection 120

The Fintech Times

NOVEMBER 2, 2024

Banks By 2020, Bhutan’s financial sector included five banks, three insurance companies, one CSI bank, five microfinance institutions, one pension institution, two telecom companies as well as a single stock exchange.

Financial Inclusion 69

Financial Inclusion Technology FinTech Credit Cards 69

Synapse Payment Systems

NOVEMBER 9, 2022

They may cause legal trouble. While credit card surcharge laws vary by state , they are legal in most places. Still, it’s best to avoid a potential legal battle, especially since there are easy ways around it. You can require customers to spend a certain amount of money to use a credit card (up to $10).

Credit Cards 130

Credit Cards Processors Legal Laws 130

The Payments Association

MAY 16, 2025

Each section includes an overview of the regulation, the legal and operational risks involved, and the practical actions required to support readiness and ongoing compliance. Whereas fraud was previously treated as an operational risk, it is now a matter of legal and regulatory accountability.

Regulations 88

Regulations ISO 20022 Cross-Border Legal 88

The Payments Association

MAY 3, 2025

With a mix of legal, operational, and executive expertise at the table, the conversation was both strategic and grounded in day-to-day realities. Theyre vital for ensuring consumer protection and infrastructure resilience. Concepts like three lines of defence or board composition are often completely foreign to them.

Payment APIs and Integration 88

Payment APIs and Integration Cross-Border Embedded Finance Payments 88

Clearly Payments

SEPTEMBER 18, 2024

It acts as a consumer protection tool, allowing customers to reclaim funds for unauthorized transactions, fraud, or dissatisfaction with goods or services. A well-organized chargeback team minimizes these risks and protects the merchant’s bottom line.

Disputes 105

Disputes Fraud Prevention Payments Credit Cards 105

PYMNTS

SEPTEMBER 9, 2016

consumers file a £14 billion legal claim against the company over anticompetitive card fees. “We deliver real value through the benefits of security, convenience and consumer protection, and we are committed to investing in our payment services in order to continue to meet the rapidly evolving needs of all our customers.”

Legal 40

Legal Visa Rules Consumer Protection 40

The Fintech Times

MAY 2, 2025

Others on the panel discussed how regulatory and legal frameworks vary globally, posing challenges and risks of regulatory arbitrage. Central banks view fintech as crucial for financial continuity and trust, emphasising cybersecurity and consumer protection.

FinTech 64

FinTech Stablecoins Legal Framework Central Bank 64

Electronic Transactions Association

JANUARY 16, 2025

Over the past decade, the payments industry has developed and deployed AI tools that have made payments faster, more secure, and has unlocked numerous benefits for the payment industry and consumers alike. ETA supports policies that promote an efficient IP system that appropriately protects that innovation.

CFPB 45

CFPB Privacy BNPL Financial Inclusion 45

Fintech Finance

MARCH 3, 2025

The aim of this initiative is to establish a “trusted, world-leading payments ecosystem” by promoting innovation, competition and consumer protection within the payments sector, that can help the UK regain global leadership in payments and unleash growth.

Governance 80

Governance Government Innovation Cross-Border Payments 80

Open Banking Excellence

OCTOBER 6, 2023

Last October, the Consumer Financial Protection Bureau (CFPB) published proposals for a new regulatory framework governing “Personal Financial Data Rights” – which requires banks to provide qualified third parties access to consumer financial data.

Consumer Financial Protection Bureau (CFPB) 130

Consumer Financial Protection Bureau (CFPB) Rules CFPB Finance 130

The Payments Association

NOVEMBER 13, 2024

A raft of new and emerging frameworks , such as the forthcoming MiCA regulations in the EU, stablecoin regulation in the UAE, and digital asset regulation in Australia, help clarify issues surrounding consumer protections, identity and security standards, and the legality and enforceability of blockchain-based contracts.

Blockchain 88

Blockchain Use Case Financial Inclusion Stablecoins 88

PYMNTS

OCTOBER 12, 2020

The draft statement seen by Reuters indicated that any electronic currency system would have to be “appropriately supervised and regulated so that they would not undermine financial stability, consumer protection, privacy, taxation or cybersecurity.”.

Regulations 80

Regulations Digital Currency Stablecoins Money Laundering 80

Fintech News

FEBRUARY 21, 2024

Under the PSA, DPT service providers must obtain a license from MAS and comply with strict standards related to anti-money laundering, consumer protection, cybersecurity, and governance. This regulatory foundation established further measures to safeguard investors and ensure market integrity.

Crime 109

Crime Ransomware Scams Romance Scams 109

Segpay

MARCH 24, 2025

By comparing the Australian legal e-gaming and e-gambling landscape with that of the USA, we want to make it easier to understand for our readers who are familiar with US regulations. Fraud & Consumer Protection Strong player protection, self-exclusion, and responsible gambling measures. billion by 2034.

Compliance 71

Compliance Suspicious Activity Report (SAR) Fincen AML 71

PYMNTS

JANUARY 10, 2019

The court said the Dash buttons, which are small, Wi-Fi-connected devices that reorder items like laundry detergent and coffee, breaks consumer protection legislation because it doesn’t give consumers enough information about the product or its price. 10), according to a report from Reuters.

Laws 57

Laws Consumer Consumer Protection Rules 57

Stax

FEBRUARY 5, 2024

Healthcare providers, for instance, may factor in compliance costs spent on cybersecurity measures, staff training, regular audits, and legal consultations to ensure adherence to health information privacy regulations. Be aware of restrictions and guidelines in your business jurisdictions to avoid legal repercussions.

Credit Cards 88

Credit Cards Legal On-Demand Regulatory Compliance 88

Fintech Review

MAY 1, 2025

No matter how disruptive a fintech platform is, it must operate within legal frameworks that are evolving rapidly. Businesses must also demonstrate governance, risk management , and consumer protection from day one. Licensing, reporting, and data storage requirements vary widely, requiring expert legal and operational planning.

Compliance 59

Compliance Regulations FinTech Payment APIs and Integration 59

Fintech Finance

SEPTEMBER 24, 2024

Regulations and regulators are central to an effective payments ecosystem, so The Payments Association advocates for a balance between innovation, competition and consumer protection.

Cross-Border Payments 95

Cross-Border Payments Financial Inclusion Cross-Border Payments 95

PYMNTS

JANUARY 29, 2019

For payments and commerce , there’s another uncertainty that hangs in the air: Will legal online sports betting keep going forward, despite a recent decision by the U.S. In May 2018, the Supreme Court struck down a 1992 law passed by Congress that made it illegal for most states to legalize sports betting within their borders.

Wires 67

Wires Wire Fraud Prevention Legal 67

The Payments Association

MARCH 18, 2025

However, without a legally mandated structure, adoption has been slower compared to its neighbor. While some governments prioritise competition and innovation, others focus on financial inclusion, consumer protection, or market-driven adoption. At the same time, implementation models differ across markets.

Finance 88

Finance Payment APIs and Integration Non-Bank Embedded Finance 88

PYMNTS

JULY 21, 2020

The Federal Trade Commission (FTC) testified before the Senate Commerce Subcommittee on Manufacturing, Trade and Consumer Protection on Tuesday (July 21), detailing its efforts to combat coronavirus-related fraud, including sending warning letters and trying to educate customers on how to spot a scam, according to a press release.

FTC 56

FTC Federal Trade Commission Scams Law Enforcement 56

Stax

JANUARY 15, 2024

Failure to comply with its policy frameworks can have severe consequences— legally and financially. In the following sections, we’ll delve into the legal framework, compliance standards, and best practices to navigate the complexities of surcharging. Swipe fees have doubled in a decade and increased by 20% since 2022.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

Fintech Finance

MAY 24, 2024

The Consumer Financial Protection Bureau (CFPB) has issued an interpretive rule that confirms that Buy Now, Pay Later lenders are credit card providers. Accordingly, Buy Now, Pay Later lenders must provide consumers some key legal protections and rights that apply to conventional credit cards.

Disputes 97

Disputes CFPB Consumer Financial Protection Bureau (CFPB) Consumer 97