PayPal Talks 21st Century Payments Regulation

PayPal issued a new blog post on October 28 in which it openly discussed the possibility of government regulations being implemented in the electronic payments industry.

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    In the post, the company cited three reports that suggested that by taking a new approach to regulation, regulators could benefit consumers and spur businesses innovation.

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    “PayPal believes that while specific regulatory processes or policies may seem frustratingly outmoded, it is critical to begin any meaningful discussion of payments regulation with a clear recognition that the core, real-world, societal goals underpinning payments industry regulation are timeless and valuable,” the blog post said.

    To read the full blog post, click here

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