Open Banking

MAY 2, 2025

The proposed initial cVRP use cases (Wave 1) will enable payments in sectors including utilities, rail, government agencies, and regulated financial services. They leverage open banking technology to allow regulated firms to initiate payments over the Faster Payments network. no more than x per month).

Payments 72

Payments Government Governance Faster Payments 72

PYMNTS

NOVEMBER 11, 2020

Alibaba ’s Singles Day performance on Wednesday (Nov. Singles Day — Alibaba’s popular shopping holiday that takes place every Nov. However, the company technically started Singles “Day” on Nov. According to Bloomberg , “during the first 111 minutes of sales on Nov. 11) shows that the Chinese consumer is back — big time.

Regs 95

Regs NOV Law Enforcement Economy 95

PYMNTS

NOVEMBER 11, 2020

Big technology firms in China are suffering as regulatory issues continue, triggering falling share prices, according to a CNBC report on Wednesday (Nov. The State Administration for Market Regulation — China’s regulator — said on Tuesday (Nov. Last Monday (Nov. Hong Kong shares of Alibaba dropped 9.8

NOV 83

NOV Regulations Rules Caps 83

Open Banking Excellence

JULY 9, 2024

In my conversations with Open Banking Excellence, it is clear to me that by sharing the Kazakh experience and journey with regulators and the like, we can learn from each other to promote the digital economies of all of our countries. Regulator-led Pilot Focused on Open API Infrastructure Our pilot launched on Nov.

API 147

API Payment APIs and Integration Participant Regulations 147

PYMNTS

NOVEMBER 1, 2020

The European Union's chief antitrust regulator told a German newspaper in an interview published Sunday (Nov. Margrethe Vestager did, however, say regulators may need new powers to oversee the markets dominated by Google and other large tech players. Meanwhile, Democrats in the U.S.

Rules 99

Rules Regulations NOV SWIFT 99

PYMNTS

NOVEMBER 12, 2020

“Mastercard’s Vocalink business is a demonstrated leader in the real-time payments ecosystem, and they will be a valuable partner for Payments Canada in the introduction and ongoing operation of Canada’s real-time payments system,” Tracey Black , president and chief executive officer of Payments Canada, said in a statement on Thursday (Nov.

ISO 20022 138

ISO 20022 Real Time Payments Settlement ISOs 138

PYMNTS

NOVEMBER 10, 2020

The announcement did not specify the regulations, but it did note that the approach will ensure that the CBDC meets “the same minimum standards we expect of other payment methods.”. Regulators are slow, and there’s a reason we’re slow,” she said, speaking at CoinDesk ’s Bitcoin for Advisors event. “We

CBDC 67

CBDC Use Case Privacy Cryptocurrency 67

Fintech News

DECEMBER 4, 2023

This acceleration will be driven by sustained in-house spending by the financial services and tech sectors, and will be boosted by updates in standards and regulations, as well as a resurgence in external deal activity. This trend has led to a substantial drop in ESG fintech investment in the region, which plummeted from US$4.47

FinTech 116

FinTech APACS NOV Authorization 116

PYMNTS

NOVEMBER 25, 2020

Businesses and regulators will give feedback on their experience verifying Certificates of Origin with the two systems – with the aim of reducing administration costs and increasing trade efficiency,” according to the announcement.

Bitcoin 110

Bitcoin Blockchain Digital Currency Blocks 110

PYMNTS

DECEMBER 3, 2020

regulators are eyeing complaints that Facebook is muscling out the competition in the virtual reality area, as more than 40 states gear up to file an antitrust lawsuit against the company next week. Earlier this week (Nov. The latest point of contention over antitrust issues comes after comments from Joe Simons , chair of the U.S.

Regulations 56

Regulations Federal Trade Commission FTC NOV 56

PYMNTS

NOVEMBER 27, 2018

and Dutch regulators on Tuesday (Nov. regulators. Uber was hit with a fine by U.K. 27) for the data breach in 2016 that impacted millions of users. According to a report in Reuters , citing the Information Commissioner’s Office (ICO) in the U.K., the ride-hailing company was fined $490,760. based drivers.

Data Breach 53

Data Breach Breach Regulations NOV 53

Fintech News

JANUARY 7, 2024

The report, titled Exploring Payments in Indonesia: An Industry Outlook and released in November 2023, provides an overview of the country’s payment landscape, highlighting the dynamic ecosystem of payment providers, the role of regulators and policymakers, and the outlook for payments in Indonesia.

Financial Inclusion 123

Financial Inclusion Innovation Payments NOV 123

PYMNTS

FEBRUARY 8, 2019

Meanwhile, airlines and other travel vertical players face fresh pressures on alternative payments , and new payday loan regulations are looming. payday loan regulations could take effect. payday loan regulations could take effect. 2020: When new U.S. 10 percent: Segment of luxury goods owners who take part in the resale market.

NOV 73

NOV Payments Regulations Compliance 73

PYMNTS

NOVEMBER 18, 2020

Global payments startup Veem is launching a new business-to-business (B2B) tool to simplify and automate domestic payments, the company announced in a Wednesday (Nov. Licensed and regulated in each country where it does business, Veem said it strives to reduce risks associated with global funds transfers. . 18) press release.

B2B 109

B2B Payments Funds Transfer Small Business 109

PYMNTS

NOVEMBER 4, 2020

Explaining the move to puzzled investors on Wednesday (Nov. Chinese regulators are also growing concerned about the breakneck growth of Ant Group’s lending business. A collective $2.7 trillion was chasing the Ant Group IPO, with retail bids coming in at 870 times over the value of the shares on offer, according to the news outlet.

Caps 96

Caps NOV Government Governance 96

PYMNTS

NOVEMBER 23, 2020

In a committee report released on Friday (Nov. Allowing corporates into banking is a path that the regulator should tread on carefully, because how much ever ring-fencing they do, problems may crop up,” Ashvin Parekh, an independent financial services consultant, told Reuters.

Central Bank 97

Central Bank Non-Bank NOV Regulations 97

PYMNTS

NOVEMBER 19, 2020

American Big Tech companies will have a virtual sit-down on Nov. Alphabet, Apple, Amazon and Facebook will have video discussions with Vestager regarding EU draft rules intended to restrict the power of tech companies, according to a Reuters report on Thursday (Nov.

Rules 61

Rules NOV Regulations Privacy 61

PYMNTS

NOVEMBER 3, 2020

Folksam shared client data with Facebook, Google, Microsoft, LinkedIn and Adobe, the Swedish company said in a statement on Tuesday (Nov. The firm said it discovered the breach after an internal audit and that it has reported the breach to Swedish regulators.

Data Breach 102

Data Breach Breach Cybersecurity NOV 102

PYMNTS

NOVEMBER 3, 2020

Jack Ma has seen his net worth plunge by $3 billion after the Ant Group double initial public offering (IPO) was suspended on Tuesday (Nov. 3) by Chinese regulators, according to a report from Business Insider , which quoted numbers from Bloomberg's Billionaire Index. 5) as originally planned.

NOV 64

NOV Regulations Origination AI 64

PYMNTS

NOVEMBER 14, 2017

The European Securities and Markets Authority (ESMA) warned investors about the risks of initial coin offerings (ICOs) in a statement on Monday (Nov. Where ICOs qualify as financial instruments, it is likely that firms involved in ICOs conduct regulated investment activities” and, as a result, “need to comply with the relevant legislation.”.

Regulations 40

Regulations Money Laundering Bitcoin Cryptocurrency 40

PYMNTS

NOVEMBER 12, 2020

He used this as a springboard to critique what he perceived as too much regulation from the government. Xi then reportedly ordered Chinese regulators to investigate and "all but shut down" the IPO. That led to the IPO being suspended on Nov. Government officials, WSJ reported, took umbrage to this and were "furious."

Governance 72

Governance Government Shutdown Regulations 72

PYMNTS

NOVEMBER 9, 2020

Nellie Pou introduced new cryptocurrency regulations in a bill titled “Digital Asset and Blockchain Technology act,” on Thursday, Nov. Meanwhile, New Jersey Sen.

Bitcoin 90

Bitcoin NFTs NOV Audit 90

PYMNTS

NOVEMBER 3, 2020

As noted by CNBC on Tuesday (Nov. As has been widely reported, the listings — to have been done dually in Shanghai and Hong Kong on Nov. But as PYMNTS reported in September , Chinese regulators have been boosting their scrutiny of non-bank financial companies. 5 — would have raised an estimated $34 billion.

NOV 79

NOV Origination Small Business Non-Bank 79

PYMNTS

NOVEMBER 24, 2016

The company revealed its “Global Payment Cards Data and Forecasts to 2021” report Wednesday (Nov. 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.

Contactless Payments 69

Contactless Payments Regulations Caps NOV 69

PYMNTS

NOVEMBER 20, 2020

News came this week that a (virtual) meeting between regulators and Big Tech – which would center on draft proposals that might impact their very operations on the Continent –has been postponed briefly from Nov. For Big Tech, there’s just a hint of a bit of a reprieve in Europe. 24 to Dec 2. As noted by Yahoo!

Legal Framework 104

Legal Framework Rules Fed Regulations 104

PYMNTS

NOVEMBER 1, 2019

legislators are calling for a mandatory 24-hour waiting period on all first-time payments between bank accounts as a way to reduce fraud, Reuters reported on Friday (Nov. Fraud is the second most common crime type in England and Wales, and the committee wants regulators to get tougher on fraudsters.

Regulations 42

Regulations Treasury Payments NOV 42

PYMNTS

NOVEMBER 8, 2020

Now, Reuters reported Amazon is lodging a complaint with India's market regulator. On Saturday (Nov. Last month, Amazon won an injunction to the courts to prevent the deal from going forward. But Future said that order is non-binding.

Disputes 92

Disputes Legal NOV Authorization 92

PYMNTS

NOVEMBER 10, 2020

“The combined Bluefin/PAAY solution set is as close as we can get to a silver bullet in payment security for eCommerce transactions,” Ruston Miles , co-founder and chief strategy officer at Bluefin, said in a statement on Tuesday (Nov. Most online merchants rely solely on SSL/TLS to encrypt the data being sent from their websites.

Transactions 93

Transactions Security Encryption CCPA 93

PYMNTS

NOVEMBER 10, 2020

They saw a hands-off approach previously from global regulators when dealing with Google, and Foundem co-founder Shivaun Raff said some seemed to view Google less as a business and more as a “public nonprofit” in various antitrust-related cases. In addition, Nov. In addition, Nov. And a status conference is set for Nov.

Federal Trade Commission 64

Federal Trade Commission NOV Disputes Government 64

PYMNTS

NOVEMBER 30, 2017

Privacy regulators of the European Union said Wednesday (Nov. According to a news report in Reuters , European data protection authorities said regulators from France, Italy, Spain, Belgium, the U.K. But it’s not just European regulators who want answers from Uber. Meanwhile, regulators in the U.K.,

Privacy 40

Privacy Regulations Data Breach Federal Trade Commission 40

PYMNTS

NOVEMBER 3, 2020

In its latest annual report released on Sunday (Nov. 1), the tech giant referred to the possible effects of legal proceedings and global regulations and how those could impact its operations and financial conditions. As a tech company valued in excess of $2 trillion, Apple can afford battling lawsuits.

Legal 90

Legal NOV Breach On-Demand 90

PYMNTS

NOVEMBER 23, 2017

Ride-hailing app company Uber, which made news when it covered up a huge data breach that exposed roughly 600,000 driver’s license numbers, could face investigations by regulators around the globe. According to a report in Fortune published Wednesday (Nov. 22), regulators in the U.K., The ICO plans to work with the U.K.’s

Regulations 40

Regulations Data Breach Federal Trade Commission Breach 40

PYMNTS

DECEMBER 1, 2019

EU antitrust regulators are probing Google to see how the search giant uses and monetizes the data it collects on users, Reuters reported on Saturday (Nov. The EU’s investigation is centered on search data, advertising, ad targeting, login services, web browsers and more, according to a document seen by Reuters on Friday (Nov.

NOV 60

NOV Regulations Agreements Participant 60

PYMNTS

SEPTEMBER 14, 2020

New Chinese finance rules will force Ant Group to comply with regulations to back up any payments, lending or other finances with substantial capital, according to a report from The Wall Street Journal (WSJ). 1, and will have to apply for a license to do so. 1, and will have to apply for a license to do so.

Laws 64

Laws Rules Regulations NOV 64

PYMNTS

NOVEMBER 2, 2020

European payments rivals Nets of Denmark and Nexi of Italy have negotiated an “all-share” merger deal that would establish a large payments platform for the pan-European market, the companies said in a statement on Monday (Nov. The 2019 deal hit an antitrust snag in April when European regulators said the purchase disrupts competition.

Payments 86

Payments Visa NOV Agreements 86

PYMNTS

NOVEMBER 18, 2020

New York-headquartered Tel Aviv telemed startup K Health announced that it has partnered with Mayo Clinic and separately closed a $42 million Series D funding round led by Valor Equity Partners, according to a VentureBeat report on Wednesday (Nov. The new investment raises K Health’s total funding to $139.3

Risk Assessment 93

Risk Assessment NOV Assessments Returns 93

PYMNTS

DECEMBER 29, 2020

Jack Ma’s Ant Group is considering moving all of its financial services units to a separate holding company that would be regulated like a bank, Reuters reported on Tuesday (Dec. It was suspended on Nov. The regulators also criticized the company for how it treated its rivals and its customers. 29), citing sources.

Regulations 65

Regulations NOV Central Bank Consumer 65