The European Commission has asked Facebook and the Libra Association to respond to a series of questions on financial stability, money laundering and data privacy risks that could be posed by the project, CNBC reported on Monday (Oct. 7). Get the Full Story Complete the...
Strong Customer Authentication (SCA) is just weeks-old and already mired in controversy. Merchants in the European Union (EU) are still wondering exactly what changes the regulation will bring when it comes to their relationships with customers. Meanwhile, payment service providers (PSPs) are scrambling to find...
One down, two more steps to go: That’s the situation with the federal SAFE Banking Act, which recently won approval by the U.S House of Representatives. The bill promises to open up cashless payments for the growing retail cannabis industry. If the bill were to...
Scrutiny of tech firms is spreading across the globe, hinting at broader regulations over privacy and, possibly, bigger tax bills. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Bertrand Perez, the managing director of the Geneva-based Libra Association, an independent organization meant to oversee Facebook’s proposed digital currency, said that due to regulatory issues, the cryptocurrency might not be released by June of 2020 as proposed. Get the Full Story Complete the form...
An estimated half-million businesses will be affected when the new California Consumer Privacy Act (CCPA) comes into effect on Jan. 1, 2021, the Financial Times reported on Thursday (Sept. 26). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
The Federal Trade Commission (FTC) revealed details about its recent testimony before the U.S. Senate Subcommittee on Antitrust, Competition Policy and Consumer Rights. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
The Competition and Markets Authority (CMA) in the U.K. has levied a fine against PayPal for breaking rules regarding marketing in the country when it acquired iZettle for $2.2 billion, according to a report by the Financial Times. Get the Full Story Complete the form...
It wasn’t all about Facebook on the Hill. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you...
