Finextra

MAY 28, 2024

After more than two years, Germany's financial regulator BaFin has lifted a cap on the number of new customers that digital bank N26 can onboard.

Caps 64

Caps Regulations 64

Neopay

DECEMBER 17, 2024

The Payment Systems Regulator (PSR) has taken a decisive step to address the soaring costs of cross-border interchange fees on card transactions. To combat this, the regulator is proposing a price cap to bring relief to businesses and their customers. to 1.15% and credit card fees from 0.3%

Cross-Border 52

Cross-Border Caps Consulting Visa 52

Fintech News

MAY 1, 2024

The regulator said in a statement, “MAS will closely monitor DBS Bank’s progress on the remaining deliverables and the effectiveness of the measures implemented. ” The post MAS Ends Six-Month Restriction on DBS, Retains Additional Cap Requirement appeared first on Fintech Singapore. The multiplier of 1.8

Caps 81

Caps Authorization Technology Risk Risk 81

Finextra

MAY 21, 2024

German regulator BaFin has fined N26 €9.2 million for anti-money laundering failures but could be preparing to lift a cap on the number of new customers the digital bank can take on.

Money Laundering 126

Money Laundering Caps Regulations 126

PYMNTS

FEBRUARY 27, 2019

million fine against Mastercard for its swipe fees, which regulators said drove up prices for retailers and consumers, and hampered competition. Meanwhile, the EC has extended the deadline to release its review of the effectiveness of the Interchange Fee Regulation (IFR), which came into effect in 2015.

Commercial Card 70

Commercial Card Caps Regulations Card Issuer 70

Payments Source

MAY 16, 2019

The most enlightened regulator or legislator can’t match the dynamic intelligence of billions of market decisions by consumers, merchants, banks, networks and processors, argues Eric Grover, a principal at Intrepid Ventures.

Regulations 72

Regulations Caps Processors Consumer 72

The Fintech Times

DECEMBER 15, 2024

UK businesses are suffering from the rise of cross-border interchange fees according to payments regulator, The Payments System Regulator (PSR). To ensure this doesn’t continue, it has proposed a consultation to price cap remedy to protect firms. What’s next?

Cross-Border 59

Cross-Border Caps Consulting Visa 59

The Nilson Report

JANUARY 5, 2024

The post UK Payments Regulator Proposes To Cap Cross-Border Fees On Mastercard and Visa Cards appeared first on Nilson Report.

Cross-Border 52

Cross-Border Caps Regulations Visa 52

The Payments Association

DECEMBER 2, 2024

2024 reshaped payments with instant payment mandates, crypto regulations, and enhanced consumer protection driving innovation and security. In 2024, payments regulation underwent seismic shifts, with reforms spanning fraud prevention, digital innovation, and consumer protection, collectively redefining the industry’s future.

Regulations 88

Regulations Instant Payments Consumer Protection Payments 88

PYMNTS

DECEMBER 2, 2020

India, in a bid to curb antitrust concerns, is trying a new strategy, putting a 30 percent cap on what a single player can grab from transactions, Bloomberg reported. Despite WhatsApp having over 400 million users in India, the government caps will make it unable to beat its rivals in India, including local giant Paytm.

Caps 67

Caps Volume FinTech Interoperability 67

Fintech News

MAY 16, 2024

The Philippines has been uncovered to be the leading country in Southeast Asia showcasing overall interest in degen crypto and small cap cryptocurrency tokens, according to an extensive recent update from crypto resource platform CoinGecko. The top 25 most crypto degen countries account for a majority 77.8% of onchain speculation interest.

Caps 118

Caps Cryptocurrency Financial Inclusion Stablecoins 118

Neopay

DECEMBER 18, 2023

The Payment Systems Regulator (PSR) has published the interim report for its market review into cross-border interchange fees. The PSR is proposing to introduce a price cap to protect UK businesses from overpaying on these interchange fees. for UK-European Economic Area (EEA) consumer debit transactions and 0.3% for credit cards.

Cross-Border 52

Cross-Border Caps Regulations Visa 52

PYMNTS

NOVEMBER 5, 2020

5) that it will be capping the amount of UPI transactions any single payments app can handle in a month to 30 percent of the total. The organization, controlled by India’s largest banks, noted in a statement that the cap will “address the risks and protect the UPI ecosystem as it further scales up.”.

Caps 69

Caps Payments NOV Transactions 69

PYMNTS

DECEMBER 8, 2020

Several states have instituted caps on the fees that apps and platforms can charge on restaurants. Last month, Chicago announced a 15 percent delivery cap on what third-party aggregators can charge restaurants. Last month, Chicago announced a 15 percent delivery cap on what third-party aggregators can charge restaurants.

Caps 64

Caps Posting On-Demand CFPB 64

PYMNTS

MAY 15, 2020

The City Council approved a 15 percent cap on food delivery fees paid by restaurants to Grubhub, PYMNTS reported. and Jersey City were among the first communities to implement caps on delivery fees through emergency orders last month. On Wednesday (May 13), New York City became the latest city to enact protections for eateries.

Caps 52

Caps Regulations Small Business Accounts 52

PYMNTS

NOVEMBER 7, 2018

Stellar has an approximate $5 billion market cap and No. With the rules, regulators are requiring Swiss banks to “[assign] a flat risk weight of 800 percent to cover market and credit risks, regardless of whether the positions are held in the banking or trading book.” 6 biggest digital currency.

Bitcoin 77

Bitcoin Regulations Digital Currency Cryptocurrency 77

The Payments Association

JUNE 28, 2024

New regulations will cap overdraft fees, drastically reducing them from around $30 to approximately $3, significantly impacting banks' revenue streams. Read more

Card Issuer 88

Card Issuer Debit Card Issuers Caps 88

The Payments Association

APRIL 21, 2024

New regulations will cap overdraft fees, drastically reducing them from around $30 to approximately $3, significantly impacting banks' revenue streams. Read more

Card Issuer 88

Card Issuer Debit Card Issuers Caps 88

PYMNTS

MARCH 11, 2020

Consumer advocates are pushing federal banking regulators to do something about rent-a-banks with notoriously sky-high loan rates that prey on people with bad credit, the Wall Street Journal (WSJ) reported on Wednesday (March 11). Utah has no caps on interest rates. “A She is looking to state regulators put a stop to the practice.

Regulations 58

Regulations Caps Laws Underwriting 58

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

Neopay

SEPTEMBER 11, 2024

The Payment Systems Regulator (PSR) has set a crucial date of 7 October 2024 for implementing new protections against Authorised Push Payment (APP) scams, reaffirming its commitment to tackling this growing threat. This issue is key in demonstrating why stronger protections beyond transaction limits are necessary.

Caps 52

Caps Consulting Scams Fraud Prevention 52

The Payments Association

OCTOBER 22, 2024

New UK regulations requiring payment firms to refund fraud victims up to £85,000 within five days Why is it important? As of October 7, all UK payment firms making use of the faster payment system (FPS) are required to refund fraud victims up to £85,000 within five days under new rules set by the Payment Systems Regulator (PSR).

Rules 88

Rules Fraud Prevention Deepfake Caps 88

Fintech Finance

DECEMBER 13, 2023

The Payment Systems Regulator (PSR) has published the interim report for its market review into cross-border interchange fees. The PSR is proposing to introduce a price cap to protect UK businesses from overpaying on these interchange fees. for UK-European Economic Area (EEA) consumer debit transactions and 0.3%

Cross-Border 59

Cross-Border Caps Debit Card Visa 59

PYMNTS

JANUARY 18, 2019

As reported by Bloomberg , a selloff was sparked on Friday among small cap stocks that belong to FinTechs. For short sellers – those who bet that stocks will fall rather than rise – amid Chinese FinTechs , this week has led to big gains.

Caps 53

Caps FinTech Volume Audit 53

Finextra

MAY 21, 2024

The UK's Payment System Regulator (PSR) has stepped back from imposing financial penalties on Visa and Mastercard scheme and processing fees, despite evidence that the firms are running an effective duopoly in the supply of services to merchants.

Visa 69

Visa Caps Regulations Process 69

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. Russia’s primary financial regulator has increased its efforts in terms of digital assets lately.

Caps 56

Caps Bitcoin Digital Currency Central Bank 56

The Fintech Times

SEPTEMBER 4, 2024

The UK’s Payment Systems Regulator (PSR) has announced a significant reduction in the maximum fraud reimbursement limit for authorised push payment (APP) scams, lowering it from £415,000 to £85,000 just weeks before new rules take effect in October. Rocio Concha, director of policy and advocacy at UK consumer body Which?,

Regulations 59

Regulations Scams Payments Caps 59

Bank Automation

FEBRUARY 23, 2024

Capital One could be excluded from the proposed Credit Card Competition Act of 2023 if its acquisition of Discover Financial Services goes through and the bank creates an in-house processor. Read more on the Capital One, Discover deal The proposed act, introduced in June 2023 by U.S. Richard Durbin, D-Ill, would require credit card […]

Caps 78

Caps Laws Process Credit Cards 78

The Paypers

JULY 5, 2024

The European Commission has announced that Visa and Mastercard will extend the current caps on tourist card fees established with EU antitrust regulators for an additional five years, through 2029.

Caps 41

Caps Visa Regulations 41

PYMNTS

DECEMBER 23, 2019

The Reserve Bank of India (RBI), in a move to protect the interests of consumers, has passed a regulation that says the allowable exposure of a lender to all of its borrowers should not go over Rs 50 lakh ($70,000) at any time on a peer-to-peer (P2P) platform, according to a report by Business Insider. “On

P2P 52

P2P Caps Laws Interoperability 52

The Fintech Times

JUNE 29, 2024

The first stage of the European Union ‘s Markets in Crypto Assets Regulation (MiCA) will come into play on 30 June. In terms of market surveillance, the MiCA regulation is based upon requirements set out in the EU’s Market Abuse Regulation (MAR).

Stablecoins 138

Stablecoins Regulations Compliance Cryptocurrency 138

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 84

P2P Caps Consumer Protection Risk Management 84

PYMNTS

JULY 1, 2020

Keeping up with customers’ shifting behaviors and preferences amid changing regulations is a familiar challenge for today’s small- to medium-sized businesses (SMBs), but the pandemic’s impact on the scale of digital payments has steepened the learning curve for these merchants. Examining SMBs’ Regulatory Struggles. are experiencing.

Regulations 64

Regulations Digital Payments Contactless Payments Online and Mobile Banking 64

The Payments Association

OCTOBER 22, 2024

Robert Turner-Kerr, senior relationship manager and business lead for the project at iFAST Global Bank, says: “EMIs and regulated firms holding client funds often need to wait days for FX to settle. iFAST Global Bank, a wholly owned subsidiary of SGX Listed iFAST Corporation, XSES: AIY with a Market Cap of 2.32

Accounts 88

Accounts Caps Mitigation Regulations 88

Fintech News

APRIL 2, 2024

The Monetary Authority of Singapore (MAS) has announced revisions to the Payment Services Act (PS Act) and related regulations, marking a significant expansion in the regulation of payment services within the country. Here’s are four key takeaways from the guidelines: 1.

Rules 90

Rules Accreditation Money Laundering Caps 90

PYMNTS

DECEMBER 20, 2020

A cap also would support competition, he said, according to Reuters. "We Chinese officials have warned in recent months that the tech sector faces significant new regulation , lest companies operating within it become too powerful. Jiwei was speaking at a wealth management conference.

FinTech 102

FinTech Governance Government Caps 102

The Fintech Times

APRIL 22, 2024

It’s like Bitcoin and has a high market cap, this one I heard about in the news. However, the mass adoption of many of these DeFi applications is generally considered limited due to the perception of high risk and the lack of financial regulation. Institutional investors are entering the industry, driving regulation at speed.

Finance 130

Finance Blockchain Cryptocurrency Regulations 130