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EBA launch EuReCA -a central database for AML and counter-terrorism financing
The European Banking Authority (EBA) has launched its central database for anti-money laundering and counter-terrorist financing (AML/CFT). This European reporting...
Interchange fees argument stoked up again by Merchants Payments Coalition
Just days after announcing monster revenue updates, the thorny issue of interchange fees paid by merchants to the networks and...
PSR publishes final report on card acquiring market review
The UK’s Payment Systems Regulator (PSR) has published its final report into its card acquiring market review. The document sets...
Meta (Facebook) forced to sell Diem assets as digital payments ambitions fail
The Diem cryptocurrency project is being forced to sell its assets, as Meta (Facebook) admits defeat in its ambitions in...
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...
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...
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...
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...