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Klarna to launch BNPL credit card for physical POS purchases
Just weeks after Buy Now Pay Later (BNPL) firm Klarna looked to shift criticism onto credit card providers as Government prepares to clampdown on BNPL, the outspoken CEO has announced... read more
The post Klarna to launch BNPL credit card for physical POS purchases appeared first on Payments Cards & Mobile.
PSR fines five companies for cartel behaviour in the prepaid cards market
In March last year Payments Cards & Mobile reported that the Payment Systems Regulator (PSR) has set out provisional accusations for five payments companies including Mastercard, in which it stated... read more
The post PSR fines five companies for cartel behaviour in the prepaid cards market appeared first on Payments Cards & Mobile.
UK Open Banking marks fourth year milestone with over 4 million users
January 13th marks the fourth anniversary of the Payments Services Directive 2 (PSD2) * making Open Banking a regulatory requirement in the UK. Open Banking (OB) was mandated by the... read more
The post UK Open Banking marks fourth year milestone with over 4 million users appeared first on Payments Cards & Mobile.
Cloud computing giants under scrutiny from Financial Services regulators
The UK’s Prudential Regulation Authority (PRA), which oversees financial stability, is to take steps to bolster banks on the cloud. Data storage is a systemic vulnerability just like financial risk. The regulator... read more
The post Cloud computing giants under scrutiny from Financial Services regulators appeared first on Payments Cards & Mobile.
The regulatory year in review – and what’s next in 2022…
As payments go digital and new methods such as Account to Account (A2A), crypto and Buy Now Pay Later (BNPL) rocket in popularity, regulators are struggling to keep up with... read more
The post The regulatory year in review – and what’s next in 2022… appeared first on Payments Cards & Mobile.
