The head of the U.S. Chamber of Commerce, the largest and most powerful business lobbying group in the country, criticized presidential candidates challenging President Donald Trump on their proposed policies concerning Medicare and taxing of the wealthy, according to a report by the Financial Times....
In physics, one of Newton’s Laws state that for every action, there is an equal and opposite reaction. In payments, it can be stated that for every action, there is reaction. Whether it will be equal or opposite remains to be seen. Get the Full...
The Trump administration recently submitted new rules governing any future federal regulation of artificial intelligence (AI) used in an array of industries, according to reports, including transportation and medicine, among others. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Sonos is suing Google as of Tuesday (Jan. 7), alleging that the tech giant infringed on their patents for music speakers, per reports in The New York Times. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
As 2020 dawns, regulators are continuing to focus on taxes and possible anti-competitive behavior on the part of tech’s marquee names. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
On Jan. 3, 2020, the California Consumer Privacy Act (CCPA) went into effect, ushering in the strongest consumer data protections in the U.S. With the General Data Protection Regulation (GDPR) and the revised Payments Services Directive (PSD2) humming along in Europe, open banking is overtaking...
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The Central Bank of Jamaica (BOJ) has confirmed it will abide by the Principles for Financial Market Infrastructures (PFMIs). Regionally operated payment systems in Jamaica will consequently be regulated more closely. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
FinTechs see PSD2 as an opportunity to get a leg up with legacy banks. That will be tough in Turkey, where banks have had more time to prepare for the rule and see PSD2 as a significant competitive advantage for them. In the latest Merchants...