The Federal Reserve’s Regulation D — which limits the number of monthly transactions customers can make with their savings accounts, including automatic payments — is getting a hard look from Congress, American Banker reported. Get the Full Story Complete the form to unlock this article...
For the first time since 2010, federal regulators have released a new guidebook on how to meet anti-money-laundering (AML) regulations, Bank Info Security reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
The global payments environment is increasingly crowded, even noisy. Next to Apple Pay, it’s a topic of conversation that’s all over the payments industry for obvious reasons – where there’s global commerce, there’s a need for global payments. But there are specific areas in dire...
MasterCard has asked Australian lawmakers to regulate Bitcoin and other cryptocurrency exchanges exactly the way it does other payments operators — complete with anti-money-laundering and consumer protection features, according to Finextra. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Delivering mass payments is pretty easy if a corporation is paying 50,000 payees the same amount, in one country, and everyone’s banked, says Lisa Shields, CEO of hyperWALLET. Where it gets difficult, she says, is when you’re paying 50,000 people different amounts across 80 countries...
Visa Europe has launched a publicity campaign to derail payment-card reforms passed last year by the European Commission that include caps on interchange fees, rollbacks of many of Visa's rules for merchants, and encouragement of new players and alternative forms of payment.
Although the fines and negative publicity of non-compliance for payments companies is well known, a new report from Thomas Reuters finds a laundry list of related—and far larger costs. Companies seeking to avoid additional government interference are finding non-compliance all but guarantees much more strict...
Mobile remote deposit capture (mRDC) is gaining traction with consumers, banks and prepaid card issuers, but a report issued earlier this month The Pew Charitable Trusts asserts that more transparency is needed to give consumers more confidence that the service is worth using. Get the...
Mitek may not exactly be a household name, but most large issuers use its technology to enable its mobile banking customers to snap a photo of a check with their smartphone and have it deposited into their checking accounts. Mitek is the world’s largest mobile...
