Maryland passes EWA law
Payments Dive
MAY 29, 2025
The state’s governor signed an earned wage access law over the objections of some consumer groups, including AARP.
Leading Fintech Armalytix Partners With Birchall Blackburn Law to Streamline Property Transactions
Fintech Finance
DECEMBER 11, 2024
Armalytix , an award-winning fintech company that helps firms establish their clients financial position for compliance, affordability and more, has partnered with Birchall Blackburn Law, a highly respected law firm in conveyancing.
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CFPB Slaps Equifax With $15Million Fine for Mishandling Consumer Credit Disputes
The Fintech Times
JANUARY 21, 2025
The Consumer Financial Protection Bureau (CFPB), the consumer protection agency in the US, has hit Equifax with a $15million fine, after it found that the nationwide consumer reporting agency failed to conduct proper investigations of consumer disputes. Equifax processes approximately 765,000 disputes each month.
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Fiserv CEO embraces stablecoins
Payments Dive
JUNE 10, 2025
The Milwaukee-based company has heard from its merchants clients that theyre interested in using cryptocurrency such as stablecoins, a common type of digital asset, Lyons said in a June 3 question and answer session at the Baird Global Consumer, Technology and Services Conference in New York City. Lyons said.
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Fraudsters Turn to WhatsApp: Revolut Reveals UK Consumers Lose £2,437 From WhatsApp Scams
The Fintech Times
APRIL 2, 2025
WhatsApp prides itself on the security of its encrypted messages, however, according to new research from Revolut, the global fintech with 11 million UK customers and 50 million globally, UK consumers are losing an average of 2,437 from scams originating on the communications platform.
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There’s a Push to Ban Junk Fees. Does It Affect Credit Card Surcharging?
Stax
DECEMBER 2, 2024
In parallel with growing market adoption of surcharging, more states have considered and enacted surcharging legislation, often with the stated goal of standardizing surcharging and ensuring consumer protection. In 2024 alone, more than a dozen state legislatures introduced bills related to surcharging and consumer fees generally.
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PayFuture Expands Into Pakistan, Enabling Global Brands to Enter the High-Growth Market
Fintech Finance
NOVEMBER 19, 2024
This enables them to cater to Pakistani consumers’ payment preferences, all while meeting stringent local compliance standards. As more consumers embrace digital solutions, demand is rising for secure, accessible local payment options that connect them to global markets. This mitigates the risks often associated with frontier markets.
Visa Sets Up Scam Disruption Team, Blocking US$350 Million in Fraud
Fintech News
MARCH 11, 2025
Payments giant Visa has established a specialised Scam Disruption practice to tackle emerging fraud schemes and protect consumers. The team brings together experts from law enforcement, military intelligence, and data visualisation, combining human insight with advanced AI tools to track and dismantle fraud networks.
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The rise of generative AI in payment security: A double-edged sword for data privacy
The Payments Association
DECEMBER 9, 2024
It underscores the need for payment firms to balance AI innovation with robust privacy and regulatory compliance to protect sensitive consumer data. Payment data is inherently vulnerable because its compromise can have significant financial and personal consequences for consumers. Why is it important? What’s next?
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Telcoin Bank Steps Closer to Becoming the First Regulated Crypto Bank in the US
The Fintech Times
FEBRUARY 6, 2025
. “The Nebraska charter creates an actual bank charter, and the first that is explicitly authorised to connect consumers to DeFi,” he added.
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What Canadian Merchants Need to Know About International Payment Processing
Clearly Payments
OCTOBER 30, 2024
As global online shopping grows rapidly, consumers expect seamless payment experiences. PSD2 (Payment Services Directive 2) : Also in the European Union, PSD2 aims to strengthen consumer protection and requires two-factor authentication for payments. Local tax laws : Some countries impose a VAT or other taxes on foreign merchants.
dLocal Announces Expansion of Offering to UK Merchants With New Authorised Payment Institution License and Partnership With ICC
Fintech Finance
JANUARY 8, 2025
Merchants can now confidently expand their international reach with dLocals localized payment solutions, which include more than 900 alternative payment methods (APMs) tailored to consumer preferences in emerging markets, where international cards account for only 20% of transactions.
Decoding the FCA’s Safeguarding reforms: Practical steps for payments and E-money firms
The Payments Association
JANUARY 13, 2025
The FCA’s proposed safeguarding reforms for payments and e-money firms, aiming to enhance consumer protection and operational compliance. The reforms ensure robust safeguarding practices, bolster consumer trust, and address risks like fund shortfalls during insolvency. Why is it important? What’s next?
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Barclays Credit Card Crypto Ban Renews Calls for Better Consumer Education
The Fintech Times
JUNE 28, 2025
To find out what different industry participants think about the decision, whether it’s a sensible move to increase protections or infringes on consumer choice, we reached out to find out what they have to say. This sits within the spirit of the Consumer Duty rules, without restricting consumer freedom.”
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States could pick up where CFPB left off
Bank Automation
MARCH 17, 2025
The uncertain status of the Consumer Financial Protection Bureau could result in more state-based regulations. ORLANDO, Fla.
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The state of fraud in 2024: Key mid-year takeaways
The Payments Association
OCTOBER 28, 2024
In the world of digital payments, fraud is an ever-present threat that continues to evolve, creating serious risks for both businesses and consumers. This can be attributed to the increasing sophistication of fraud detection tools, improved authentication measures, and greater consumer awareness of phishing scams.
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Minimum Charge for Credit Card Purchase
Cardfellow
JUNE 16, 2025
The minimum purchase amount must not exceed $10 (or other amount as set by law), does not apply to transactions made with debit cards, and cannot differentiate on the basis of the issuer or payment card network.” After all, they make money when consumers use their cards. ” – Visa “MasterCard permits any U.S.
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Navigating legal uncertainty: How the Digital Assets Bill could impact PSPs
The Payments Association
JANUARY 13, 2025
Divergence from common law jurisdictions According to the TPA response, the Bills approach could set the UK apart from other major common law jurisdictions, including Singapore and Australia. Both countries have opted to integrate digital assets into existing property law frameworks instead of creating separate categories.
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CFPB seeks to end open banking case
Payments Dive
JUNE 2, 2025
The Consumer Financial Protection Bureau and its former court foes are now in agreement: an open banking rule shouldn't be considered lawful.
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Innovate Finance Outlines New Collaborative Anti-Fraud Strategy to ‘Smash Fraud’ in the UK
The Fintech Times
APRIL 7, 2025
The impact of fraud risks not only consumer confidence in digital finance, but also disproportionately affects those on lower incomes, with 70 per cent of victims suffering wider negative impacts, including mental and physical health and debt. To effectively combat fraud at scale, I believe we should establish a national anti-fraud centre.
New RBA Data Shows Rapid Rise in Digital Payments
Fintech Finance
DECEMBER 9, 2024
“This massive surge in mobile wallets demonstrates a clear shift towards digital payment solutions, reflecting the evolving preferences of consumers for faster and more secure payment options. Australians have always been at the forefront of adopting new digital technologies, and these latest figures show that banking is no exception.
Real-Time Payments Are Soaring In The U.S.
Tom Groenfeldt
JULY 17, 2025
We currently have over 30,000 businesses that are originating RTP payments on the network each and every month and over 6 million consumers,” said Jim Colassano, senior vice president of RTP Business Product Management at TCH.
Google Hits Back at US Regulator Over Payment Arm Supervision
The Fintech Times
DECEMBER 9, 2024
Google has filed a legal challenge against the US Consumer Financial Protection Bureau (CFPB), the agency responsible for overseeing consumer finance, after it placed Google Payment Corp., The tech giant argues that the move, which the CFPB says is aimed at addressing potential consumer risks, constitutes regulatory overreach.
APP fraud: Mid-year review
The Payments Association
JUNE 16, 2025
It assesses whether the new policy is effectively protecting consumers and reducing fraud, while also highlighting ongoing challenges and debates about a broader, cross-sector approach to tackling APP fraud. Authorised push payment (APP) scams remain one of the most devastating forms of financial fraud affecting UK consumers.
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Louisiana Joins Several Other States in Enacting On-Demand Pay Legislation
Fintech Finance
JULY 3, 2025
The law was enacted on June 25, 2025 and creates a new regulatory framework for On-Demand Pay products in Louisiana. The new law codifies the On-Demand Pay industry’s best consumer protection practices, and clarifies that providers are not deemed to be engaging in lending when they comply with the provisions of HB 368.
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Senators push payments fraud task force
Payments Dive
JUNE 12, 2025
We can—and should—better equip law enforcement and regulators with the tools to go after scammers and prevent scams before they happen," Crapo said Tuesday in a news release announcing the bill. Social media, online commerce, mobile text messaging and other digital platforms have allowed scammers to innovate in targeting consumers.
Navigate Dual Pricing: A Practical Approach to Lower Processing Fees
EBizCharge
DECEMBER 2, 2024
When used legally, the dual pricing approach can help businesses navigate the complexities of processing fees and empower consumers to make informed decisions at the point of sale (POS). Understanding dual pricing is crucial for merchants and consumers, as it can offer cost savings and valuable financial insights.
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Wallet wars: How digital payments are reshaping finance
The Payments Association
MARCH 19, 2025
With digital wallets growing in sophistication, consumers and businesses have fundamentally altered how they interact with payments, forcing banks and payment system providers (PSPs) to innovate. Limit data collection and sharing in compliance with privacy laws such as the General Data Protection Regulations (GDPR).
Why Stax is a Leading Solution for Merchants That Need Credit Card Payment Processing in Canada
Stax
JANUARY 21, 2025
Much like in the United States (and practically the rest of the world, for that matter), Canadian consumers have widely adopted credit cards and digital payments. of consumers owning at least one credit card. CardX by Stax offers a seamless solution to help merchants comply with surcharging laws.
Tokenisation 2.0: Are we ready for the next generation of payment security?
The Payments Association
JUNE 3, 2025
Tokenisation and the embedded finance boom Embedded finance is reshaping the consumer experience by integrating financial services into e-commerce platforms and apps. Tokenisation must also contend with data sovereignty laws that dictate where data can be stored, processed, and transferred.
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Louisiana Joins Several Other States in Enacting On-Demand Pay Legislation
Fintech Finance
JULY 3, 2025
The Louisiana On-Demand Pay law supports workers with more flexible access to their income. The law was enacted on June 25, 2025 and creates a new regulatory framework for On-Demand Pay products in Louisiana. Louisiana has passed new legislation enabling earned wage access. The legislation will go into effect on August 1, 2025.
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Burges Salmon names new Financial Services sector head
The Payments Association
NOVEMBER 12, 2024
Independent UK law firm Burges Salmon has announced the appointment of partner Martin Cook as the new head of the firm’s significant and fast growing Financial Services sector.
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The Ultimate Guide to Refund and Cancellation Policies (With Templates)
EBizCharge
MARCH 14, 2025
3 types of refund and cancellation policies For businesses, clear refund and cancellation policies can lead to greater consumer trust and fewer disputes. 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.
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Trek Taps Gr4vy for Online-to-Offline Payment Capabilities
Finovate
MARCH 25, 2025
Trek partnered with Gr4vy to power an online-to-offline payment experience, offering consumers accurate inventory checks and simplified checkout. Gr4vy provides Trek with a no-code, cloud-native platform to quickly implement diverse payment methods, comply with data laws, and enhance fraud prevention.
What is a BIN in Payment Processing
Clearly Payments
NOVEMBER 13, 2024
Although BINs play a critical role in how payments are processed and authenticated, they often go unnoticed by the average consumer or merchant. Data Analysis and Consumer Insights : BINs provide a wealth of information for data analysis. This process helps reduce the risk of unauthorized transactions and fraud.
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Behind the Idea: Burbank
The Fintech Times
JULY 10, 2025
Consumers want online payments to be fast, easy and secure. We spoke to Pike about the problem Burbank set out to solve, the tech challenges behind it and how his mother-in-law helped inspire the solution. Every Monday, my mother-in-law would ring me up when she was online shopping. It wasn’t designed for consumer devices.
Credit Card Surcharges in Canada: A Legal Guide
EBizCharge
JUNE 27, 2025
Federal and Provincial Regulations There’s no federal law in Canada that prohibits credit card surcharging, but that doesn’t mean businesses can surcharge without any oversight. Canada’s legal framework leaves much of the regulatory nuance to the provinces, each of which has its own set of consumer protection laws.
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EBA publishes No Action letter on the interplay between Payment Services Directive (PSD2/3) and Markets in Crypto-Assets Regulation (MiCA)
Neopay
JUNE 26, 2025
The European Banking Authority (EBA) published a No Action letter advising the EU Commission, EU Council and EU Parliament to ensure that, in the long term, EU law needs to avoid a dual authorisation under two pieces of EU law for the activity of transacting electronic money tokens (EMTs).
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The New Nuke From Orbit UK Campaign Aiming to Empower Consumers in Fight Against Smartphone Theft
The Fintech Times
JANUARY 30, 2025
As smartphone theft in the UK has more than doubled to 78,000 incidents in the past year alone, Nuke From Orbit is teaming up with ethical hacker Nikhil Rane to arm consumers with practical knowledge to protect their devices and personal data. By taking simple steps, consumers can significantly reduce their risk of falling victim.
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Under 2 Weeks Left for Large Firms to Join ‘Multi-Billion Pound’ Lawsuit Against Visa and Mastercard
The Fintech Times
JANUARY 28, 2025
” Since 2015, UK law has capped the level of MIFs at 0.3 per cent on consumer credit transactions, and 0.3 per cent for consumer credit card transactions. We hope Mastercard and Visa will stop punishing charities who accept commercial card payments by removing these onerous fees.”
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Preparing for Surcharge Compliance: A Checklist for Businesses
EBizCharge
JUNE 25, 2025
states, credit card surcharges are permitted, provided businesses follow applicable local laws and card network rules. states, credit card surcharges are permitted, provided businesses follow applicable local laws and card network rules. It’s worth doing right.
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Merchant survey 2025: Navigating the payment innovation divide
The Payments Association
JUNE 16, 2025
Craig Savage Founder & CEO, FERO "There is growing consumer demand for secure payment solutions such as Pay by Bank, and merchants should be aware of this trend to remain ahead of the curve. Data-driven payment science should be the core engine behind every high-performing checkout."
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Dodd-Frank Section 1033: act now on the CFPB final rule for open banking
Axway
OCTOBER 23, 2024
Section 1033 of the Dodd-Frank Act gives consumers the right to access and share their financial data. Now, this law is going to have some teeth. On October 22, 2024, the Consumer Financial Protection Bureau (CFPB) published its final rule …
Debit Card Surcharging: Is It Legal?
EBizCharge
JUNE 19, 2025
The rules behind it come from a mix of card network policies, federal law, and state regulations. Others are embedded into federal laws. And then there are state laws, which can change everything depending on where you do business. But here’s where it gets tricky: the law doesn’t say much about surcharges directly.
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