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European Banks seek clarification on e-money definition and fraud reporting
Banks from across nine EU countries have endorsed a note seeking clarification on the definition of e-money transactions and the related fraud reporting requirements issued by the European Banking Authority... more
The post European Banks seek clarification on e-money definition and fraud reporting appeared first on Payments Cards & Mobile.
Global smart card market expected to reach $65 billion by 2025
The global smart card market is expected to exceed $65 billion by 2025. The rise in privacy and data security concerns in financial transactions will drive the industry growth over... more
The post Global smart card market expected to reach $65 billion by 2025 appeared first on Payments Cards & Mobile.
$8.14 billion of AML fines handed out in 2019 – USA and UK top the list
Since 2015, annual AML (Anti Money Laundering) penalty figures have been steadily rising each year. Multi-million dollar fines have been commonplace for a while, but we are now seeing more... more
The post $8.14 billion of AML fines handed out in 2019 – USA and UK top the list appeared first on Payments Cards & Mobile.
GDPR: Dark patterns emerge in consumer consent on the internet
A new academic study by GroundAI into online consent management platforms has concluded many of them are ignoring the EU’s GDPR rules. The study was conducted by a consortium of... more
The post GDPR: Dark patterns emerge in consumer consent on the internet appeared first on Payments Cards & Mobile.
New Fifth Money Laundering Directive rules come into force
Firms need to take action now as new Fifth Money Laundering Directive rules aimed at tackling money-laundering came into force today (Friday 10 January). These place increased importance on the... more
The post New Fifth Money Laundering Directive rules come into force appeared first on Payments Cards & Mobile.
