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Visa wins High Court interchange fees battle with Sainsbury’s
As Sainsbury’s prepares to appeal after it lost a High Court case with Visa over a long-running row over interchange fees, Visa has welcomed the decision which confirms that its interchange fees, are lawful. The supermarket was seeking damages for losses it alleged to have been caused by the fixing of interchange fees, which it claims breach UK and EU competition [...]
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PSD2: Are you ready for the digital payments revolution?
2018 is set to be a pivotal year for the financial services industry with both the General Data Protection Regulation (GDPR) and the revised Payments Services Directive (PSD2) due to... more
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PSD2: Are you ready for the digital payments revolution?
2018 is set to be a pivotal year for the financial services industry with both the General Data Protection Regulation (GDPR) and the revised Payments Services Directive (PSD2) due to become law, transforming the way that businesses approach their customers’ data. While GDPR looks to ringfence consumer privacy, PSD2 conversely looks to unleash the banking [...]
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Reimagining global banking services in the connected digital marketplace
Regulation, compliance and legacy systems have, for so long, been the stumbling blocks for financial institutions to capitalise on the new digital age where there are few barriers to international trade. Cross border payments, clearly essential when trading internationally, go to the heart of the conundrum currently facing tier two and three banks and Financial [...]
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Head of central bank of China calls for more approachable banking sector
The governor of the People’s Bank of China (PBOC), Zhou Xiaochuan has been recorded in the press as asking for his country to move open its financial sector. Zhou noted four key drivers needed to further open up the world’s second largest economy: greater foreign trade and investment, a more market-based foreign exchange rate mechanism [...]
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