Philippines Introduces New Licence Requirement For Merchant Acquirers
The central bank of the Philippines has mandated that firms intending to carry out merchant …
New Zealand Regulator Argues Against Scrapping Interchange Fees
New Zealand’s Commerce Commission has come out against removing interchange fees, which make up the …
Cash App UK Shuts Down As US Enforcement Action Looms
Cash App is set to close in the UK after six years in business, as …
No More Hiding Scheme Fees From Us, RBA Tells Card Networks
Card networks could soon be forced to reveal their scheme fees to the regulator, as …
Regulatory Influencer: US Consumer Financial Protection Bureau Makes Progress on Open Banking
On June 5, 2024, the Consumer Financial Protection Bureau (CFPB) issued a final rule establishing minimum …
Regulatory Influencer: US Consumer Financial Protection Bureau Makes Progress on Open Banking
On June 5, 2024, the Consumer Financial Protection Bureau (CFPB) issued a final rule establishing minimum …
Visa's New Flexible Credential Will Need Support From Payments Ecosystem
Visa has said it is “reinventing” the card with a new flexible credential feature, but …
Card Duopoly Lacks Competition In Processing Services, UK PSR Says
Mastercard and Visa do not face effective competition when dealing with merchants and acquirers, the …
Argentina's QR Code For Credit Cards Still Not Ready, Industry Says
Argentina’s payments industry has said that a system to make credit card payments via a …