Biometrics are increasingly being relied upon to secure payments and commerce while making transactions more seamless for consumers, a trend that seems all but certain to increase in the coming months and years. But the laws and regulations governing biometrics have yet to catch up...
The implementation of PSD2 represents an opportunity for countries to overhaul their financial infrastructures, forcing them to upgrade older systems so businesses and FIs can remain compliant and move money faster. While plenty of countries are seeing this as an opportunity to grow, some markets...
PSD2’s open banking initiatives often rely on APIs, which allow banks, merchants and third-party providers to access more data and process more transactions than they could in the siloed banking age. Thanks to these benefits, many countries outside the EU are also considering making changes...
The Financial Supervisory Authority (FSA) in Norway said that several banks didn’t make sufficient anti-money laundering assessments in 2018, according to a report by Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
With PSD2 becoming firmly planted in the European Union (EU), more markets are integrating the regulation into their financial systems, and prepping for changes in the ways they approach payments, data transfers and customer authentication. Get the Full Story Complete the form to unlock this...
San Francisco is considering following in the footsteps of New Jersey and Philadelphia and banning cashless stores, including Amazon Go, according to a report from CNBC. Many lawmakers say cashless stores are discriminatory toward lower-income individuals, as well as those without bank accounts or credit...
Presidential hopeful Beto O’Rourke isn’t joining other Democrats running for president in calling for the breakup of some of the nation’s largest technology companies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
JPMorgan Chase CEO Jamie Dimon said tech giants need to brace themselves for a similar slew of tough regulations to what big banks faced after the financial crisis. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The National Music Publishers’ Association (NMPA) is suing streaming exercise bike company Peloton, saying the service used upwards of 1,000 songs without licensing them properly, according to reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
