‘We Take Fraud Incredibly Seriously’ — Revolut Responds To BBC Panorama Exposé
Revolut has hit back at a BBC documentary in the UK that accuses the firm …
To Be In Scope Or Not To Be In Scope: EBA Publishes New Q&As
The European Banking Authority (EBA) has shared a new set of Q&As related to the …
MoneyGram Hack An Open Goal Due To Lack Of Encryption, Sources Say
As US payment platform MoneyGram assesses the damage from a major hack of customer information, …
Nearly Half Of Payment Firms Not Compliant With Consumer Duty, FCA Reveals
The UK’s Financial Conduct Authority (FCA) has published findings from its review of 23 payments …
Verification Of Payee Becoming Certified Problem For EU PSPs
Verification of Payee (VoP) rules go live in the EU one year from now, and …
Kuwait Prepares To Lock Out Bank Customers Who Do Not Use Fingerprint ID
A new directive from Kuwait’s Ministry of Interior requires banks to freeze the accounts of …
US Needs Mandatory APP Fraud Protections, Says Watchdog
A US consumer watchdog has called on regulators to introduce mandatory protections for users of …
Concerns Remain As £85,000 UK Reimbursement Cap Takes Effect
Despite a last-minute reduction in the cap, UK payment service providers are worried that the …
Regulatory Influencer: New UK Crypto Advertising Rule Mandates Focus on Investor Audiences
The UK’s Broadcast Committee of Advertising Practice (BCAP) has introduced a new rule on restricting the …