Stronger authentication is an obvious, albeit costly, defense against the growing number of online banking fraud attempts. European merchants will be forced to comply with Strong Customer Authentication (SCA) come September, and they may face a significant loss in revenue and customers along with the...
Group of Seven finance ministers and central bankers said digital currencies need to be closely regulated so that they don’t disrupt the global financial system. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
As the second Payment Services Directive (PSD2) brings more third parties into the European financial world, banks are seeing a shift in their relationships with customers. To withstand the shift, banks must get creative and evolve their platform offerings to include products from competing players,...
Group of Seven (G7) finance leaders said on Wednesday (July 17) that there were numerous issues that needed to be worked out, regulatory and otherwise, in order for Facebook’s proposed cryptocurrency Libra to ever be viable. Get the Full Story Complete the form to unlock...
The size and scope of “big tech” – and whether big really is too big – was in focus on Tuesday (July 16), across a series of Capitol Hill hearings that brought marquee names such as Amazon, Facebook and Google into marbled halls to defend...
The Swiss regulator that Facebook claimed will oversee its cryptocurrency hasn’t heard from the social media giant, according to a report by CNBC. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
France’s financial regulator is set to approve a wave of cryptocurrency-related firms in the country, subjecting them to new rules that include paying taxes and complying with capital requirements and consumer protections, according to a report by Reuters. Get the Full Story Complete the form...
Amazon will face a major investigation by EU Competition Commissioner Margrethe Vestager in the next few days, according to reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
A Republican lawmaker has introduced legislation that would boost the “representation and leadership” of U.S. firms when it comes to 5G technology. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
