BNPL regulation comes not a moment too soon
So, how many minutes do you think it might take to read in full the terms and conditions of a BNPL provider? Five minutes, ten minutes? Not even close. This…
Regulation
Reserve Bank of India takes supervisory action against Amex, Discover
The Reserve Bank of India (RBI) has imposed restrictions on Amex and Diners Club from…
Indian banks to decline auto payments as new guidelines take effect
Several Indian banks are likely to decline recurring auto-debit transactions as a new central bank mandate is set to become…
PSR provisionally finds against Mastercard, allpay, APS, PFS and Sulion
Mastercard, allpay, APS, PFS and Sulion engaged in anti-competitive behaviour by agreeing not to compete or poach each other’s clients. That is,…
US regulators probing Amex’s cards sales practices
The US Federal investigators have launched a probe into American Express’ small business and consumer cards sales practices. The company…
ANZ New Zealand admits to misleading customers over credit card insurance charges
ANZ New Zealand has admitted that it breached the Financial Markets Conduct Act 2013 (FMCA) by misleading some customers over…
US DOJ sues Visa to halt its proposed $5.3bn Plaid takeover
The US Department of Justice (DOJ) has filed a civil antitrust lawsuit against payment behemoth Visa's $5.3bn acquisition of fintech Plaid. The complaint, filed with the US District Court for…
Reserve Bank of India issues new guidelines on credit and debit cards
The Reserve Bank of India (RBI), the country’s central bank, has issued new guidelines on credit and debit cards in order to make digital payments more secure. RBI has issued…
Visa faces probe in Europe over digital payment rules for fintech firms
Visa is being investigated by the European Commission over its rules for fintech firms regarding digital wallets, The Times reported. The investigation follows concerns among regulators that some fintechs are…
UK competition watchdog approves Visa’s $5.3bn acquisition of Plaid
Visa has received approval from the UK Competition and Markets Authority (CMA) to acquire US-based fintech startup Plaid. The approval follows a Phase I review by the CMA that looked…
13 Jul 2020
IRS to issue new stimulus debit cards to those who threw them away
US congressmen Anthony Brindisi and John Katko have said that the Internal Revenue Service (IRS) will offer a replacement card to taxpayers who obtained an Economic Impact Payment (EIP) debit…
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