PSD2 launched in January 2018 and has been active in the European Union for a little over a year now, meaning that banks, merchants and customers are becoming used to it and its accompanying data privacy law, GDPR. Because of these new regulations, however, businesses...
The Consumer Financial Protection Bureau came under fire from the House Financial Services Committee, which is now controlled by Democrats, during a hearing Thursday (March 8). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The Reserve Bank of India (RBI) made a move on Thursday (March 7) to relax the rules for white-label ATM operators, enabling them to purchase wholesale cash from the bank. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Sweden’s financial regulator, the Swedish Financial Supervisory Authority, said it needs to pick up its oversight of Swedish banks when it comes to money laundering. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Lawmakers in Philadelphia have passed a ban on cashless stores, making it the first major city in the U.S. to do so, according to a report by The Wall Street Journal. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
The Federal Reserve has decided to relax some of the rules imposed on financial institutions (FIs) during the Obama administration, with a trio of changes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Merchants and customers are now transacting under PSD2 and GDPR in the European Union (EU) — regulations that allow a greater window into how customer data is being used. While these regulations are aimed at increasing consumer trust by allowing them more transparency, many consumers...
Walmart CFO Brett Briggs said that even though the retail giant anticipated the regulatory changes in India regarding foreign eCommerce companies, it was disappointing that things happened so quickly, according to reports. Get the Full Story Complete the form to unlock this article and enjoy...
The European Union has announced that it will not move forward with a digital tax plan covering the entire EU, but also said it would look at reforming tax laws for internet companies, according to a report from Reuters. Get the Full Story Complete the...
