Electronic Payments Coalition

FEBRUARY 7, 2024

Since Congress introduced price caps and routing mandates on debit cards in 2011, research from independent and government sources has illuminated their disproportionate negative impact on small businesses. A new EPC one-pager copied below highlights private and government reports outlining the legislation’s pitfalls.

Small Business 116

Small Business Credit Cards Debit Card Caps 116

NFCW

JANUARY 16, 2024

MULTIMODAL TRAVEL: Bus, tram and rail services operating in Wolverhampton, West Midlands A new group has been set up to develop a national ‘tap and cap’ ticketing solution for England. The focus of this work is on bus and tram travel and making it easier to pay for journeys which involve several different operators.

Caps 128

Caps Bank Card Authorization Governance 128

Fintech News

SEPTEMBER 17, 2024

The report highlights the role of regulatory , such as interchange fee caps and the promotion of pay-by-bank alternatives, in reducing merchant costs and interventions enhancing competition within the payment market. Australia, for example, introduced caps on interchange fees in 2003 for both credit and debit transactions.

APACS 106

APACS Regulations Caps Real Time Payments 106

Fintech News

JULY 21, 2024

Indonesia’s Financial Services Authority (OJK) plans to raise the maximum limit for peer-to-peer (P2P) funding above the current IDR 2 billion cap, specifically for productive funding used for business and economic activities, rather than consumptive funding for personal use.

P2P 109

P2P Caps Consumer Protection Risk Management 109

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 106

Caps Central Bank Authorization Advisors 106

PYMNTS

DECEMBER 20, 2020

The suggestion was made by Lou Jiwei, the country's former finance minister and now an advisor to the government, Reuters reported. A cap also would support competition, he said, according to Reuters. "We It was soon after that the government blocked the Ant Group IPO. Jiwei was speaking at a wealth management conference.

FinTech 102

FinTech Government Governance Caps 102

PYMNTS

OCTOBER 14, 2020

The central bank of Russia is seeking to place a yearly cap on the amount of cryptocurrency that retail investors can purchase, CoinDesk reported. However, investors who are considered to be qualified would not have to adhere to the cap. If that's not intrinsically valuable, what is?”

Caps 56

Caps Bitcoin Digital Currency Central Bank 56

Fintech News

MAY 19, 2024

The sale faces significant hurdles due to regulatory limits on foreign ownership in Vietnamese banks, capped at 30%. This merger, part of a government initiative to consolidate the banking sector, left Sacombank with significant bad debts from Southern Bank. This move values the bank at approximately 53.5 trillion dong (US$2.1

Non-Bank 117

Non-Bank Caps Agreements Facilitators 117

PYMNTS

MAY 13, 2019

The proposed credit card interest rate cap legislation , courtesy of Democratic presidential hopeful Senator Bernie Sanders and Rep. Alexandria Ocasio-Cortez is in serious need of an almost half-century-old refresher course in the unintended consequences of price caps on the American consumer. When the Government Doesn’t Know Best.

Consumer 78

Consumer Caps Credit Cards Push-to-Card 78

PYMNTS

NOVEMBER 8, 2020

The federal Paycheck Protection Program (PPP) designed to blunt the economic impact of the pandemic is beset by extensive instances of fraud, The Wall Street Journal (WSJ) reported, attributing the conclusion to public records and interviews with government officials. The program provided about $525 billion to 5.2 million businesses.

Money Laundering 108

Money Laundering Payroll Treasury Financial Crimes 108

The Fintech Times

OCTOBER 26, 2024

First-time buyers (FTBs) in the UK are calling out for more support from the government to help them achieve their home-buying goals this year, according to research by investment platform Moneybox. Twenty-three per cent are calling for an increase in the LISA property purchase price cap in line with current house price growth.

Government 59

Government Governance Addressing Rules 59

Fintech Review

MARCH 6, 2025

government obligations. 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. Treasury Bills, and other short-term U.S.

Stablecoins 52

Stablecoins Treasury Caps Blockchain 52

PYMNTS

MAY 8, 2020

Government program subsidies and loans have been snapped up by larger companies and mid-sized chains, and banks have capped their exposure to loan programs. The prevailing sentiment, as the crisis heads into its third month, is that more innovative government programs will be necessary to provide any meaningful relief.

Government 56

Government Governance Small Business Federal Reserve 56

Fintech News

DECEMBER 13, 2024

One of the key drivers of this movement is the desire to maintain monetary sovereignty as stablecoins that are pegged to local currencies allow governments to align digital financial systems with their national economic objectives. Operating on Ethereum and other blockchain networks, XSGD boasts a market cap exceeding $18 million.

Stablecoins 107

Stablecoins Cross-Border Cross-Border Payments Caps 107

PYMNTS

DECEMBER 18, 2020

Apple Chief Executive Tim Cook already is expected to testify in the case, in which Epic challenges Apple's rules governing the selling of programs and subscriptions through its App Store. According to Apple Insider, Apple wanted Eric Neuenshwander to testify along with Cook, but Epic prevailed in its bid to put Federighi under oath.

Caps 120

Caps Rules Government Governance 120

PYMNTS

AUGUST 8, 2018

Coverage includes New York lawmakers seeking to put a cap on ridesharing services, states working to embrace blockchain , Hawaii saving money by converting some functions to digital, new data from the Federal Reserve and Starbucks clearing up the confusion over cryptocurrency. City Council Weighs In On Ridesharing Debate With Cap.

Caps 40

Caps Federal Reserve Blockchain Cryptocurrency 40

PYMNTS

APRIL 8, 2020

Those looking for a loan outside of the government’s Paycheck Protection Program (PPP) won’t find it from JPMorgan Chase , which has decided to focus solely on that program due to a huge amount of requests over the past few days, according to the Financial Times. The bank, which is the largest in the U.S.,

Shutdown 104

Shutdown Small Business Caps Government 104

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 Government 71

The Fintech Times

FEBRUARY 15, 2025

RasMal , a Saudi fintech specialising in cap table management and investment governance, announced the closing of its $4.8million pre-series A investment round, led by Syndicate Element Holding Group (SHG).

Innovation 64

Innovation Fraud Prevention AI Compliance 64

PYMNTS

DECEMBER 7, 2018

Reuters , citing three people with knowledge of the discussions, reported that because the Federal Reserve rejected Wells Fargo’s plan it could take longer for the Fed to lift the asset cap on the company put in place due to a series of sales practices scandals.

Federal Reserve 58

Federal Reserve Caps Fed Risk Management 58

PYMNTS

APRIL 6, 2020

Wells Fargo To Cap SMB Bailout Loans at $10 Billion. The country’s fourth-largest bank said it anticipates that its loan capacity will be maxed out under the program since it is operating with the current asset cap limitations. Plus, the European Union began investigating Facebook’s marketplace as part of its antitrust probe.

Caps 52

Caps AI Online and Mobile Banking Small Business 52

PYMNTS

NOVEMBER 4, 2020

China’s move to suspend Ant Group’s anticipated blockbuster initial public offering (IPO) likely came from the top echelon of the Chinese government, according to a report in the Financial Times. The suspension came just two days before shares of Ant Group were to go live on the Hong Kong and Shanghai stock markets.

Caps 96

Caps NOV Government Governance 96

The Payments Association

DECEMBER 2, 2024

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.

Regulations 88

Regulations Instant Payments Consumer Protection Payments 88

PYMNTS

NOVEMBER 12, 2020

But unlike many of its competitors, Wells Fargo can’t offset the pain of low interest rates by ramping up lending activity, due to government sanctions that prevent the firm from growing its balance sheet. “We Others are operating in a less constrained way.”.

Credit Cards 114

Credit Cards Point-of-Sale (POS) Push-to-Card Debit Card 114

FICO

JANUARY 25, 2019

The additional costs and complexity for lenders when managing regulations governing mortgages. It also allows banks to change their pricing dynamically, as regulatory caps or risk controls are met. Regulatory monitoring and caps on credit growth provide a different challenge. Meeting these caps is difficult in practice.

Caps 74

Caps Returns Governance Government 74

The Finance Weekly

MARCH 28, 2022

In the last 12 months, there has been a growing buzz in the market about environmental, social, and governance (ESG) reporting. Because as this type of reporting transitions from voluntary to mandatory it will require the same level of governance, control, accuracy, and auditability as financial reporting.

Finance 130

Finance Audit On-Demand Governance 130

PYMNTS

FEBRUARY 27, 2020

A surge cap in Chinese stocks, fueled by the stimulus package from the government to combat the virus-riddled economy, has brought about fears of a repeat of the 2015 market crash, according to Reuters on Wednesday (Feb. percent gain in China’s blue-chip CSI 300 index. He urged investors in a blog post on Feb.

Caps 58

Caps CHIPS Economy Central Bank 58

Clearly Payments

AUGUST 14, 2024

Unlike Europe, where interchange fees are capped at 0.3% The European Union’s regulations, such as the Interchange Fee Regulation (IFR), have capped interchange fees, resulting in more competitive pricing for merchants. Due to the EU’s Interchange Fee Regulation, which caps interchange fees at 0.3%

Process 104

Process Credit Cards Alternative Payment Methods Debit Card 104

Finextra

FEBRUARY 12, 2025

RasMal, the first cap table management and investment governance platform in the MENA region, closes its Pre-Series A investment round led by Syndicate Element Holding Group (SHG), a leading investment firm, with a total value of $4.8 million (18 million SAR) during LEAP 2025 in Riyadh.

SARS 52

SARS Caps FinTech Government 52

Innovative Payments Association

NOVEMBER 17, 2023

They cover the Fed’s proposal to reduce the cap on debit interchange for issuers with more than $10 billion in assets. In th e latest episode of the IPA Payments Podcast , Brian Tate, the IPA’s CEO, and COO Ben Jackson discuss the latest proposed regulations that care coming out of Washington.

Government 40

Government Governance CFPB Fed 40

Stax

SEPTEMBER 26, 2024

It requires stringent adherence to regulatory guidelines and card network rules, from surcharge caps to disclosure requirements. Some states cap the surcharge rate to a set rate or dollar amount. You can do so by reading the government website’s surcharging FAQs or contacting your state’s Attorney General’s office.

Credit Cards 88

Credit Cards Caps Best Practices Laws 88

PYMNTS

APRIL 10, 2020

Trillions of dollars for governments, for businesses, and for individuals – and it may all be a case of too little, too late. The Fed said on Thursday (April 9) that it would create a Municipal Liquidity Facility featuring up to $500 billion in loans geared toward governments. This week saw the debut of a massive $2.3

Fed 82

Fed Federal Reserve Government Governance 82

PYMNTS

MARCH 22, 2020

The International Olympic Committee (IOC) and organizers of the 2020 Tokyo Olympics have begun talks to hold off on the popular sporting event, in spite of the Japanese government’s previous stance that postponement would not happen, Reuters reported. Here are the latest updates on the coronavirus from around the world.

Caps 56

Caps Federal Reserve Government Governance 56

PYMNTS

JULY 20, 2017

The report noted that as of Wednesday (July 19) there is a $10-billion difference between the market caps of bitcoin and Ethereum, and if the prices for Ether continue to increase Ether will be a real challenger to bitcoin once again. At its peak the market cap of Ethereum was $35 billion and was $3 billion away from surpassing bitcoin.

Visa 59

Visa Bitcoin Caps Cryptocurrency 59

PYMNTS

OCTOBER 31, 2017

Cryptocurrencies have been largely immune to increasing regulation by governments and to criticism by members of traditional financial institutions, the Bloomberg article noted. In total, Bitcoin is worth more than $100 billion, Bloomberg reported, meaning more than half of cryptocurrency is comprised of Bitcoin.

Bitcoin 43

Bitcoin Caps Cryptocurrency Digital Currency 43

Electronic Payments Coalition

FEBRUARY 8, 2024

It’s been over a decade since the Durbin Amendment placed price caps and routing mandates on debit cards. In that time, independent and government reports have shown small financial institutions paid the price while corporate mega-stores, like Walmart and Target, pocketed billions in new revenue.

Credit Union 59

Credit Union Community Banks Credit Cards Debit Card 59

Electronic Payments Coalition

FEBRUARY 6, 2024

When Congress enforced price caps and routing mandates on debit cards almost 15 years ago, it was touted as a measure to save consumers billions through lower prices. A new EPC one-pager copied below highlights private and government reports outlining the legislation’s pitfalls. They shouldn’t.

Credit Cards 59

Credit Cards Consumer Debit Card Caps 59