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ECB wants plans to develop a central bank digital currency
The European Central Bank says it is exploring whether to develop a central bank digital currency (CBDC) as an alternative to cash. One of ECB’s most prominent board members warns... more
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Basel Committee Open Banking report focuses on customer-permissioned data sharing
Open banking is an evolving trend in many jurisdictions and authorities have responded by taking a broad range of actions in recent years. In its recent, the Basel Committee on... more
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FTC targets Visa and Mastercard in Debit card transactions enquiry
The Federal Trade Commission (FTC) has initiated a preliminary inquiry on Visa and Mastercard for possibly prohibiting merchants from using other debit networks, Bloomberg Law reports. The regulator is looking... more
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Apple Pay warning on changing laws to open up mobile payments
Apple has warned that recent changes in German law which will effectively force it to open up its Apple Pay mobile payments system to rivals could hurt data protection and... more
The post Apple Pay warning on changing laws to open up mobile payments appeared first on Payments Cards & Mobile.
Compliance with the FCA guidance on safeguarding customer funds is a must
Compliance with the FCA’s recent guidance on safeguarding customer funds must be adhered to fully by Non-Bank Institutions(NBIs) – because it’s good for business, and essential to protecting and enhancing... more
The post Compliance with the FCA guidance on safeguarding customer funds is a must appeared first on Payments Cards & Mobile.
