PYMNTS

JANUARY 24, 2020

Wells Fargo ’s woes, which began in earnest in 2016 when a scandal involving millions of fake accounts created to boost numbers came to light, are continuing and don’t show any signs of abating any time soon, according to a report by Reuters. The asset cap was announced in 2018, and there’s no timeline in place for when it will be removed.

Continuity 72

Continuity Office of the Comptroller of the Currency OCC Federal Reserve 72

PYMNTS

FEBRUARY 27, 2019

Payment Systems Regulator (PSR) continue their probes into competition of the card-acquiring space, with Mastercard and Visa offering late last year to cut swipe fees on tourist cards to help end the EC’s investigation. .” The European Union’s (EU’s) battle against U.S.

Commercial Card 70

Commercial Card Caps Regulations Card Issuer 70

The Finance Weekly

JUNE 24, 2024

Market capitalization, or market cap , is calculated by multiplying the current stock price by the total number of outstanding shares. per share would have a market cap of $156 billion. Investors use market cap to quickly estimate a company’s overall value and compare it with others. For instance, a company with 2.34

Caps 130

Caps CHIPS AI On-Demand 130

The Fintech Times

DECEMBER 15, 2024

To ensure this doesn’t continue, it has proposed a consultation to price cap remedy to protect firms. Alongside the final report, the PSR is launching a consultation on implementing a price cap remedy, to prevent businesses from overpaying these fees any longer. What’s next?

Cross-Border 59

Cross-Border Caps Consulting Visa 59

PYMNTS

JUNE 23, 2020

The Russell 2000 index shows 42 percent of small-caps are either just breaking even or operating a loss. Bigger companies have been faring better by comparison, with investors taking solace in large caps and the Russell 1000 index down only 3.3 The number of small U.S. Nicholas Bohnsack , president of U.S. percent from normal.

Caps 70

Caps Federal Reserve Economy Business Continuity 70

Neopay

AUGUST 22, 2024

European banks have expressed “serious concerns” regarding the UK Payment Systems Regulator’s (PSR) plan to cap interchange fees on cross-border digital transactions. They warn that the proposed cap could lead to losses on transactions due to the increased costs associated with digital wallets like Apple Pay and Google Pay.

Caps 52

Caps Cross-Border Online and Mobile Banking Consulting 52

The Fintech Times

JANUARY 28, 2025

” Since 2015, UK law has capped the level of MIFs at 0.3 These capped fees, however, exceed the competitive level of charge. On 9 August 2024, CAT granted the Collective Proceedings Order (CPO) authorising the Proposed Class Representative to continue the claim as a class action on behalf of eligible UK merchants.

Visa 59

Visa Commercial Card Caps Laws 59

M2P Fintech

APRIL 11, 2025

With the gold loan market continuing to expand, particularly in rural and semi-urban India, this framework focuses on improving underwriting, valuation, collateral safety, and end-use transparency. Additionally, the enforcement of the 75% Loan-to-Value (LTV) cap was uneven, and risk weights were incorrectly applied.

Due Diligence 52

Due Diligence Caps Audit Non-Bank 52

PYMNTS

DECEMBER 30, 2020

Snap Accounts Payable, otherwise known as SnapAP, has announced the completion of the first stage of funding from angel investors as it continues on its way toward a planned $2 million seed investment round. There were several notable rounds, including high-value deals for supply chain management, B2B eCommerce and small business banking.

B2B 84

B2B Caps Participant Small Business 84

Neopay

SEPTEMBER 11, 2024

Alongside this announcement, the PSR has also published a consultation on high-value APP fraud cases, focusing on reviewing and possibly revising the reimbursement cap for victims of APP scams. This adjustment aims to provide robust consumer protection while continuing to incentivise financial firms to enhance fraud prevention mechanisms.

Caps 52

Caps Consulting Scams Fraud Prevention 52

Payments Dive

JANUARY 12, 2024

October’s uptick in activity didn’t continue through the remainder of the year, capping a quiet year for merger and acquisition activity in payments.

Caps 97

Caps Payments Continuity 97

PYMNTS

FEBRUARY 6, 2020

The hearing was titled “Rent-a-Bank Schemes and New Debt Traps: Assessing Efforts to Evade State Consumer Protections and Interest Rate Caps.”. She noted that states have interest rate caps on non-bank installment loans, with a median cap on a $500 loan of about 37.5 The Rent-a-Bank Scheme.

Caps 52

Caps Laws Non-Bank Regulations 52

The Fintech Times

NOVEMBER 25, 2024

Subscription services continue to prevail over other business models in the UK. “Prepaid payments products are one of the ways to do this, bringing a hard cap to spending with specific merchants or cards. However, one in three subscription holders (equivalent to around 15.9

Research 59

Research Payment Issues Caps Economy 59

Fintech News

JULY 17, 2024

In July, MariBank raised its cap for individual savings accounts to S$75,000 from S$5,000, following a similar move by rival GXS Bank. This suggested a possible easing of the S$50 million deposit cap initially imposed by the Monetary Authority of Singapore (MAS), although MAS has not confirmed this publicly.

Caps 107

Caps Central Bank Authorization Advisors 107

PYMNTS

AUGUST 16, 2019

We’ve invested heavily in cybersecurity and will continue to do so,” said a bank spokeswoman. The sources pointed out that about one-third of its employees left in 2018. Safeguarding information is essential to our mission and to our role as a financial institution.

Caps 67

Caps Security Cybersecurity Breach 67

Fintech Review

MARCH 6, 2025

Holders will continue to enjoy 95% of the yield on Treasury Bills after the 1st month. Rewards will be distributed in USDtb on a first-come, first-served basis, and capped at a total of 200 million in USDtb tokens. The APR will be gradually decreasing after the cap is reached.

Stablecoins 52

Stablecoins Treasury Caps Blockchain 52

PYMNTS

JANUARY 24, 2020

Wells Fargo ’s woes, which began in earnest in 2016 when a scandal involving millions of fake accounts created to boost numbers came to light, are continuing and don’t show any signs of abating any time soon, according to a report by Reuters. The asset cap was announced in 2018, and there’s no timeline in place for when it will be removed.

Office of the Comptroller of the Currency 52

Office of the Comptroller of the Currency Continuity OCC Federal Reserve 52

Fintech Review

SEPTEMBER 3, 2024

New York, NY, September 3rd, 2024, Chainwire Forgd , a token advisory and optimization platform, announced the launch of its free-to-use web platform, which provides blockchain projects unrestricted access to tools for tokenomics design, liquidity monitoring, cap table management, and financial planning.

Caps 52

Caps Blockchain Advisors Automation 52

The Payments Association

OCTOBER 22, 2024

While this marks a significant step toward protecting consumers from authorised push payment (APP) fraud, concerns remain that the reduced compensation cap may leave some victims vulnerable. However, the decision to cap refunds at £85,000—down from an earlier proposal of £415,000—has sparked debate with various concerns.

Rules 88

Rules Fraud Prevention Caps Deepfake 88

PYMNTS

APRIL 27, 2020

The SBA is also capping the amount of loans processed for each bank, setting the limit at $60 billion per bank to prevent excess grabs. Initially on Monday, that number was set at 15,000 per bank, but due to the realization that the system wouldn’t sustain that much at once, the number was lowered to just 5,000 per bank by midday.

Continuity 52

Continuity Small Business Shutdown Caps 52

The Fintech Times

APRIL 4, 2025

Ripple is continuing to work with partners around the world to make RLUSD globally available. Jack McDonald, SVP of stablecoins at Ripple We’re seeing the market cap continue to grow, outpacing our internal projections. Over time, Ripple will also expand the use of RLUSD for our payments customers.

Stablecoins 40

Stablecoins Cross-Border Payments Payment Solutions Cross-Border 40

PYMNTS

NOVEMBER 1, 2020

From remote learning to the home office, Apple products have been a window to the world for users as the pandemic continues, and our teams have met the needs of this moment with creativity, passion and the kinds of big ideas that only Apple can deliver.”.

Caps 71

Caps Product Posting Continuity 71

Fi911

FEBRUARY 14, 2024

This reserve model ensures that funds are continuously available to cover potential liabilities as new funds replace those released from the reserve. Once the cap is reached, no additional funds are held in reserve.

Risk Management 99

Risk Management Risk Accounts Processors 99

PYMNTS

JULY 13, 2020

While the Advance program is not available, the SBA said the loan portion of the regular EIDL program continues to have cash a 3.75 While the Advance program is not available, the SBA said the loan portion of the regular EIDL program continues to have cash a 3.75 percent interest rate for small businesses and 2.75

Small Business 111

Small Business Caps Continuity Payments 111

Electronic Payments Coalition

FEBRUARY 28, 2024

WASHINGTON, DC — It’s been nearly 15 years since the Durbin Amendment imposed price caps and routing mandates on debit cards, financially burdening small businesses, while corporate mega-stores, like Walmart and Target, have accumulated substantial revenue gains.

Credit Cards 105

Credit Cards Card Issuer Debit Card Small Business 105

PYMNTS

MAY 14, 2020

In a time of already high-volume growth, capping the number of packages to be picked up at these locations will limit any negative impacts to the FedEx Ground network.”. FedEx told the news service they are taking steps similar to what they do during the holidays to ensure continued safe and reliable service during these unprecedented times.

Caps 98

Caps Volume Continuity 98

Fintech Finance

SEPTEMBER 25, 2024

The PSR’s requirements will provide world-leading protections to people who fall victim to scams – with over 99% of APP claims covered by the reimbursement cap. It will also give firms strong financial incentives to continue to make improvements to their fraud prevention controls.

Scams 98

Scams Fraud Prevention Caps Faster Payments 98

Fintech News

AUGUST 20, 2024

SCB X has teamed up with South Korea’s KakaoBank and WeBank, while CP Group continues to leverage its TrueMoney platform in collaboration with Ant Group. The Bank of Thailand plans to issue three virtual bank licences initially, despite the Finance Ministry suggesting no cap on the number.

Non-Bank 97

Non-Bank Caps Service Provider Posting 97

PYMNTS

MAY 14, 2020

The possible merger between Uber and Grubhub is causing a wave of worry over delivery fees at a time when some local officials are considering instituting caps , as the New York City Council did on Wednesday (May 13). Similar caps were also instituted in San Francisco, Seattle, Washington, D.C.,

Federal Trade Commission 80

Federal Trade Commission Caps FTC Rules 80

Fintech News

APRIL 28, 2024

It includes several consumer protections, such as limits on outstanding payments, caps on fees, transparent disclosures, and ethical marketing standards. MAS will continue to work with the industry to ensure that the BNPL Code of Conduct remains effective in upholding users’ interests.”

BNPL 107

BNPL Compliance Accreditation Consumer Protection 107

The Fintech Times

MARCH 19, 2025

.” A win for wearable tech, but security is key Derrick Lynagh, MuchBetter Derrick Lynagh , head of strategic sales and partnerships at MuchBetter, a digital payments company known for its wearable payment devices, sees the potential removal of the contactless cap as a major opportunity for wearable payment providers. What happens next?

Contactless Payments 98

Contactless Payments Consumer Security Fraud Prevention 98

Fintech Finance

OCTOBER 24, 2024

Existing investors, including Homebrew, Insight Partners, Inspired Capital, Cap Table Coalition, and others, also participated. “We are pleased to have the opportunity to further invest in the company and continue to partner with the team. The post Finix Announces $75M Series C appeared first on FF News | Fintech Finance.

Payment APIs and Integration 105

Payment APIs and Integration Cross-Border Payments Processors Cross-Border 105

NFCW

JUNE 25, 2024

TRANSACTION FEE: A step-by-step overview of the digital euro compensation model Payment service providers will be able to charge merchants a fee for enabling them to accept digital euro transactions, the European Central Bank (ECB) has revealed, but a cap will be placed on the amount that it will be possible for them to charge.

Central Bank 103

Central Bank Online and Mobile Banking Legal Framework Caps 103

PYMNTS

DECEMBER 12, 2018

The growth was partly driven by new regulations; India was helped along by the government placing caps on terminal charges and also pressuring banks to recruit more merchants. In the European Union, interchange fees were capped in 2015, and in Brazil, caps were announced in March of 2018.

Caps 71

Caps Payments Funds Transfer Governance 71

Fintech News

APRIL 2, 2024

To qualify as an accredited investor, an individual must demonstrate considerable financial robustness, evidenced by owning more than S$2 million in net personal assets—with the valuation of a primary residence capped at S$1 million—or possessing over S$1 million in net financial assets, or earning an annual income exceeding S$300,000.

Rules 114

Rules Accreditation Money Laundering Caps 114

PYMNTS

APRIL 8, 2020

The endgame is for those SMBs, most of which have had to close or drastically reduce operations to prevent the spread of the coronavirus , to be able to continue to pay employees and keep the lights on while social distancing and lockdown rules are in effect.

Shutdown 104

Shutdown Small Business Caps Governance 104

The Fintech Times

JULY 27, 2024

. “This collaboration exemplifies our commitment to revolutionising cash-based payment solutions and continuously providing customers with numerous payment choices.” ” Cash deposits begin at a minimum of £10 and a maximum of £500 per transaction, with a daily cap of £750.

Caps 119

Caps On-Demand Accounts Product 119