Neopay

FEBRUARY 29, 2024

Contractual and marketing improvements : A significant percentage of firms reported improvements in consumer contracts and marketing strategies, indicating a commitment to enhancing consumer protection measures. At Neopay, we recognise the importance of regulatory compliance and consumer protection.

Consumer Protection 59

Consumer Protection Consumer Compliance Assessments 59

The Payments Association

JANUARY 13, 2025

The FCA’s proposed safeguarding reforms for payments and e-money firms, aiming to enhance consumer protection and operational compliance. The reforms ensure robust safeguarding practices, bolster consumer trust, and address risks like fund shortfalls during insolvency. Why is it important?

Compliance 88

Compliance Audit Legal Reconciliation 88

Finextra

DECEMBER 18, 2024

More than 500 retail clients of Oztures Trading Pty Ltd, trading as Binance Australia Derivatives (Binance), were denied important consumer protections after being misclassified as wholesale clients, ASIC alleges in documents filed in the Federal Court.

Consumer Protection 52

Consumer Protection Consumer 52

Fintech Finance

DECEMBER 9, 2024

With the ongoing surge in digital payments, its critical these transactions are subject to the same oversight and consumer protection laws as the rest of the payments system. Now were seeing over half a billion payments being made with mobile wallets in just one month.

Digital Payments 98

Digital Payments Payments Consumer Protection Laws 98

Fintech Finance

NOVEMBER 19, 2024

While this payment method remains popular due to Visa and Mastercard’s robust consumer protection frameworks, it is essential for issuers to ready their operations for the anticipated rise in disputes. Recent data indicates that the average UK resident makes approximately 70 card transactions per month.

Disputes 96

Disputes Consumer Protection Duplicate Transactions 96

Neopay

NOVEMBER 25, 2024

These changes aim to address persistent issues in safeguarding practices and enhance consumer protection. Why safeguarding matters Safeguarding ensures that funds received by payment and e-money firms are protected. The FCA’s consultation provides a roadmap to better safeguarding practices and consumer protection.

Consumer Protection 52

Consumer Protection Consumer Audit Compliance 52

Fintech Finance

APRIL 10, 2025

The Connecticut legislature should consider measures, like Senate Bill 1396, which help working families access the resources they need, provided by Earned Wage Access, while ensuring key consumer protections. The result has been predictable and painful: more reliance on pawn shops and predatory loans.

Shutdown 59

Shutdown Consumer Protection Credit Cards Research 59

The Fintech Times

SEPTEMBER 27, 2024

The post FCA Steps in To Increase Consumer Protections When Payments Firms Go Out of Business appeared first on The Fintech Times. The financial services regulator also plans to publish strengthened interim safeguarding rules for firms by the middle of next year.

Consumer Protection 59

Consumer Protection Consumer Consulting Payments 59

The Fintech Times

FEBRUARY 27, 2024

. “Protection is an increasing priority for consumers and the industry is likely to focus heavily on this over the next 12 months. “However, the challenge lies in the lack of a clear funding strategy and a consistent international approach to protection.

Consumer Protection 69

Consumer Protection Stablecoins Payments Trends Consumer 69

The Payments Association

FEBRUARY 14, 2025

These changes aim to enhance consumer protection by ensuring that customer funds are adequately safeguarded. Open banking enhances competition, consumer choice, and cost efficiency while increasing focus on fraud prevention and consumer protection to support wider adoption.

Stablecoins 88

Stablecoins Payment APIs and Integration Regulatory Compliance Compliance 88

The Payments Association

JANUARY 13, 2025

PSPs will also be required to align their compliance programmes with the FCAs new standards for disclosures , transparency, and consumer protection. Broadening consumer access : PSPs have the opportunity to offer products to demographics previously hesitant with the increasing regulatory clarity.

Legal 88

Legal Stablecoins Cross-Border Due Diligence 88

Fintech News

DECEMBER 9, 2024

However, this embrace of the new is not without a cautious side, as Singapore carefully balances innovation with robust regulation and consumer protection. The goal is to attract investment and innovation, maintain Singapore’s competitive edge in the global arena, and expand financial inclusion.

Cryptocurrency 114

Cryptocurrency Cross-Border Consumer Protection Facilitators 114

Payments Source

SEPTEMBER 24, 2020

But states are already working together to streamline regulation while continuing to enforce consumer protections and encourage innovation. The OCC is trying to seize jurisdiction by arguing that current supervision is haphazard.

Regulations 144

Regulations OCC Consumer Protection FinTech 144

Fintech Finance

DECEMBER 18, 2023

A grant from the Mastercard Center, through the Mastercard Impact Fund, will accelerate the research and development of a global framework for consumer protection and empowerment in new and emerging digital infrastructure to ensure the potential of these platforms is realized.

Consumer Protection 52

Consumer Protection Visa Consumer Economy 52

The Fintech Times

MARCH 3, 2025

The Payments Association , the trade group representing the payments sector, has launched its Payments Manifesto for 2025, urging the UK government to modernise the payment infrastructure to ensure consumer protection.

Governance 59

Governance Government Financial Inclusion Consumer Protection 59

The Payments Association

MARCH 17, 2025

How the FCA can define and balance acceptable risk in UK payments regulation to support innovation while ensuring financial stability and consumer protection. Exempting these businesses from certain consumer protection rules (where appropriate) could free up resources for innovation and expansion. Why is it important?

Regulations 88

Regulations Risk Stablecoins Payments 88

Fintech Finance

JANUARY 2, 2025

.” The report highlights essential fraud mitigation strategies such as enhanced authentication, transaction monitoring, and confirmation of payee practices, as well as the importance of information sharing and consumer protection. faster payments infrastructure.

Faster Payments 98

Faster Payments Mitigation FPC Payments 98

Payments Dive

OCTOBER 31, 2022

Elizabeth Warren told the Consumer Financial Protection Bureau that it should amend Regulation E of the Electronic Fund Transfer Act “to increase consumer protection.”

Zelle 131

Zelle CFPB Funds Transfer Consumer Protection 131

The Payments Association

JANUARY 16, 2025

As the EUs most extensive effort to regulate the crypto market, MiCA seeks to address longstanding issues such as regulatory fragmentation, consumer protection, and market stability. MiCA, which entered into force in June 2023, introduces a comprehensive regulatory framework for European crypto-assets.

Compliance 88

Compliance Cross-Border Payments Cross-Border Stablecoins 88

Fintech Finance

FEBRUARY 5, 2025

Curve , the ultimate digital wallet, has become the first to offer section 75 protection on purchases made through its Wallet. This is a step change in consumer protection, allowing users to make payments without worrying about losing money if a product is faulty or if theres a problem with the purchase.

Debit Card 59

Debit Card Consumer Protection Credit Cards Consumer 59

Fintech News

JUNE 5, 2024

The new laws aim to balance consumer protection with innovation and competition. Stephen Jones Assistant Treasurer and Minister for Financial Services, Stephen Jones MP, emphasised the government’s commitment to consumer protection. ” “The government is working hard to protect consumers against financial harm.

Regulations 111

Regulations BNPL Product Consumer Protection 111

The Payments Association

AUGUST 7, 2024

The PSR's July 2024 report on APP scams highlights growing fraud sophistication and the challenges for financial institutions, stressing the need for improved regulations and consumer protection. Read more

Scams 100

Scams Consumer Protection Regulations Consumer 100

PYMNTS

AUGUST 16, 2020

According to a report by Cointelegraph , the bill passed by the state Senate Banking and Financial Institutions committee, which is looking to define digital assets and analyze their impact on the state and consumer protections. The bill originally set out to distinguish digital assets from securities.

Digital Currency 134

Digital Currency Bitcoin Money Laundering Consumer Protection 134

Payments Dive

MAY 21, 2024

“Whether a shopper swipes a credit card or uses Buy Now, Pay Later, they are entitled to important consumer protections under longstanding laws and regulations,” CFPB Director Rohit Chopra said.

CFPB 97

CFPB Credit Cards BNPL Consumer Protection 97

Payments Dive

OCTOBER 2, 2023

The agreement, issued last week, addresses “shortcomings” in Discover Bank’s compliance management system for consumer protection laws, the company said.

Agreements 103

Agreements FDIC Consumer Protection Laws 103

Clearly Payments

OCTOBER 30, 2024

Key regulations include: GDPR (General Data Protection Regulation) : For merchants targeting Europe, GDPR compliance is mandatory, emphasizing data privacy and protection. PSD2 (Payment Services Directive 2) : Also in the European Union, PSD2 aims to strengthen consumer protection and requires two-factor authentication for payments.

International Payments 105

International Payments Process Multi-Currency Cross-Border 105

The Fintech Times

DECEMBER 11, 2024

However, as MiCA aims to address fragmentation and enhance consumer protection, it also offers businesses the chance to align with a future where crypto-assets are integrated seamlessly into the global financial system.

Regulations 69

Regulations Cross-Border Payments Cross-Border Stablecoins 69

Fintech News

APRIL 3, 2025

Regulators are stepping in to impose stricter consumer protection measures, aiming to curb overspending and prevent debt traps. Consumer protection measures in the Code, like suspending users from making more BNPL purchases if they miss payments, help reduce the risk of excessive debt. billion by 2025. billion by 2025.

BNPL 109

BNPL Regulations Accreditation Consumer Protection 109

The Payments Association

JUNE 20, 2024

million lost in early 2023, prompting calls for stronger consumer protections. APP fraud is surging, with UK Finance reporting £42.6 Read more

Regulations 88

Regulations Consumer Protection Security FinTech 88

The Fintech Times

DECEMBER 19, 2023

The focus is now on introducing limited and proportional regulation while considering BNPL services as a cost-effective means for consumers to access flexible credit. The proposed changes aim to strike a balance between consumer protection and fostering innovation within the BNPL sector.

BNPL 113

BNPL Regulations Finance Consumer Protection 113

Fintech News

NOVEMBER 20, 2024

The Monetary Authority of Singapore (MAS) is streamlining the product approval process for life insurers while maintaining robust consumer protection. These revisions aim to facilitate innovation within the life insurance sector while maintaining robust consumer protection.

Product 105

Product Process Consumer Protection Compliance 105

The Payments Association

AUGUST 14, 2024

Regulatory changes in BNPL, cVRPs, and digital wallets aim to boost e-commerce innovation and competition while safeguarding consumer protection and market stability. Read more

BNPL 88

BNPL Consumer Protection Payments Innovation 88

The Payments Association

JUNE 7, 2024

The Consumer Rights Act 2015 aimed to unify UK consumer protections, but rapid digital advances in banking have necessitated a stronger focus on fraud protection. Read more

Consumer Protection 88

Consumer Protection Consumer Compliance Regulations 88

The Payments Association

SEPTEMBER 16, 2024

The FCA's latest guidance proposes a risk-based approach allowing payment service providers to delay outgoing payments to combat APP fraud, balancing fraud prevention with consumer protection. Read more

Risk 88

Risk Fraud Prevention Consumer Protection Payments 88

The Payments Association

MAY 7, 2024

With the UK's financial watchdogs set to establish a regulatory regime for stablecoins, payment service providers must brace for stringent new standards in operations, redemptions, audits, and consumer protection. Read more

Stablecoins 88

Stablecoins Audit Consumer Protection Service Provider 88

The Fintech Times

DECEMBER 10, 2024

Andrei Scutari, open banking head of sales, Salt Edge Andrei Scutari , open banking head of sales, Salt Edge commented: “Open banking revolves around data sharing, innovation, and seamless collaboration.

Third-Party Service Provider 64

Third-Party Service Provider Compliance API Consumer Protection 64

Payments Dive

MARCH 21, 2022

A report this month from the organization outlines a litany of complaints about buy now-pay later, such as hidden fees, and suggests the industry is trying to evade consumer protection laws.

Consumer 97

Consumer BNPL Consumer Protection Laws 97