As Prepaid Rule Implementation Nears, Focus Shifts To Enforcement Questions
With the U.S. Consumer Financial Protection Bureau’s (CFPB) long-gestating final rule on prepaid accounts just …
Lithuania Ups Payments, E-Money Supervision After AML Critique
Authorities in Lithuania have established a specialist division to oversee e-money and payments businesses and …
Gibraltar Combs ‘High Risk’ E-Money Firms Over AML Compliance
Gibraltar’s financial regulator has handed a mixed report card to the territory’s e-money firms after …
U.S. Firms Urged To Prepare For New-Look Prepaid Rule
The Consumer Finance Protection Bureau’s (CFPB) finalized regulations on prepaid accounts are finally set to …
Singapore: Monetary Authority Consults on E-Payments User Protection Guidelines
Latest update: January 31, 2019. The MAS has released a press release which provides that banks can delay the implementation of its …
Prepaid Shifting From Niche Product To Mass Market, U.S. Experts Believe
U.S. industry insiders have hailed the explosive growth in the prepaid card industry over recent …
Denmark To 'Gold Plate' 5th AMLD After Danske Bank Scandal
Denmark has taken the opportunity of new EU anti-money laundering (AML) laws to address shortcomings …
Chinese Behemoth Alipay Snaps Up Second EU E-Money Licence
Chinese mobile payments giant Alipay has been granted authorisation as an e-money institution in Luxembourg, …
US: Payments Forum Issues Guidelines for Contactless ATM Transactions for ATM Owners and Operators
On December 20, 2018, the U.S. Payments Forum, a cross-industry body focused on addressing issues …