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Reflecting on 2024: A transformative year in payments regulation

The Payments Association

This alignment is a crucial aspect of the regulator’s guidance (FG24/6), designed to assist PSPs in navigating the Amendment Regulations. To manage this, some institutions have introduced measures such as a claim excess fee of up to £100 per case, though this does not apply to vulnerable consumers.

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Is COVID-19 Leading to More Food Delivery Fraud?

FICO

Have fraudulent transactions increased at a corresponding rate? Within food delivery services, “friendly fraud” (fraudulent refunds issued to first parties seeking to flat-out bilk the delivery service) is difficult to perpetrate, as these companies cap the amount of refunds they will issue. The short answer is “no.”

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IBM, SWIFT Cap X-Border Payments Initiatives       

PYMNTS

… It all means funds can now be transferred at a fraction of the cost and time of traditional correspondent banking.”. The digital asset facilitates the trade, and supplies important settlement instructions. IBM will be demoing the new project this October. Africa As Greenfield Payments Opportunity.

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i2c President Says Blockchain Will Unlock Cryptocurrency

PYMNTS

To get a sense of just how hard it is for cryptocurrencies to gain, well, currency in everyday life, consider bitcoin, perhaps the granddaddy of cryptocurrencies — and still the 900-pound gorilla in the space, with roughly two-thirds of the market cap across the entire sector. It’s a space, he said, that’s ripe for disruption.

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PYMNTS 11

PYMNTS

Yeah, there’s a lot of wiggle room there, but those are the numbers that the Organization of the Petroleum Exporting Countries (OPEC) agreed to cap its production of oil barrels per day. Let’s start with a number between 32.5 million and 33 million. Luckily, the PYMNTS 11 is here to break it all down.

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Is COVID-19 Leading to More Food Delivery Fraud?

FICO

Have fraudulent transactions increased at a corresponding rate? Within food delivery services, “friendly fraud” (fraudulent refunds issued to first parties seeking to flat-out bilk the delivery service) is difficult to perpetrate, as these companies cap the amount of refunds they will issue. The short answer is “no.”

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Public Companies Have Returned Nearly A Third of PPP Loan Money

PYMNTS

If not, the companies would have to produce all correspondence and documentation related to their applications. In just a few examples of the loans given back, FactSquared found that Ashford Hospitality Trust, the real estate investment firm with a market cap of $66 million, said it would return $45 million in PPP loans.

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