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…
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…
01 Oct 2020
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…
08 Sep 2020
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…
25 Aug 2020
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…
13 Jul 2020
FCA announces further support for consumer credit users
The FCA has today announced further support for users of certain consumer credit products, who are facing financial difficulty due to Covid-19. The proposals outline the support firms would be…
19 Jun 2020
India to strengthen oversight process for card payment networks
The Reserve Bank of India has revealed plans to boost the oversight process for the card payment networks and cross-border money transfer operators. The central bank said if required it…
15 Jun 2020