ACCC Releases Customer Loyalty Schemes Draft Report for Public Comments
On September 5, 2019, the Australian Competition and Consumer Commission (ACCC) released a draft report …
FCA Details Six-Month Enforcement Delay For Open Banking Reforms
The UK’s Financial Conduct Authority (FCA) has formally announced it will hand a lifeline to …
South Africa Payments Sector Looks To South-East Asia For Inspiration
South Africa is looking to South-East Asia as inspiration for the next phase of its …
The Impact of Brexit on UK Firms
The Bank of England (BoE) published Staff Working Paper No. 818 The impact of Brexit …
New Regulation for Fraud Reporting of Payment Services
On September 2, 2019, the new regulation called the Submission of Statistical Data on Fraud …
More Than Half Of EU Member States Agree To SCA Delay
Authorities in Luxembourg, Spain and Portugal have confirmed they plan to delay enforcement of incoming …
Regulator Backs ATM Interchange Strategy As Action Urged
Scottish officials are calling on the UK’s Payment Systems Regulator (PSR) to block further cuts …
MAS Announces Opening of Applications for New Digital Banks
On August 29, 2019, the Monetary Authority of Singapore (MAS) announced that it will start to …
Draft Amendments to Foreign Credit Act, Payments Services Act, Electronic Money Act and Money laundering and Financing of Terrorism Act
On August 29, 2019, the Ministry of Finance published draft amendments it is proposing to a series of acts to …