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France To Move Ahead With Tech Tax In January

France, which had vowed to start taxing Google, Apple, Facebook, and Amazon in December if the European Union failed to agree on...

1.1K

EBA To Banks: Prepare For Brexit

The European Banking Authority (EBA) told European banks on Monday (Dec. 17) to prepare for Brexit and the possible sudden withdrawal of...

France Anxious to Tax Apple, Google, Tech Giants

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France Anxious To Tax Apple, Google, Other Tech Giants

Bruno Le Maire, France’s economy minister, announced today (Dec. 17) that he wants France to start taxing big tech giants beginning Jan....

3.2K

EBA: No-Deal Brexit Would Hurt UK Payment Firms

Payment providers in the U.K. are not fully prepared for the chance of a no-deal Brexit, warned the European Banking Authority late...

Amid GDPR Probe, Mobike To Sell Europe Branch

Chinese bike-sharing company Mobike might be looking to spin off its European arm after it was revealed that it’s being investigated for...

EU Regulators Could Investigate Apple Again

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Apple Pay

EU Reg Could Probe Apple Pay For Market Dominance

Regulators in the European Union looked at Apple Pay, the company’s mobile payment system, and came to a conclusion about its market...

EU Blockchain Forum Recommends Identity Systems

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Blockchain

EU Blockchain Forum Recommends Digital Identity Systems

In its newest report, the EU Blockchain Forum (EUBF) noted that government bodies need to home in on two aspects of the...

Parliament for Tougher Laws Against Tech Giants

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European Parliament Pushes Tougher Laws Against Google, Amazon, Apple

European lawmakers voted to spruce up legislation aimed at tech giants to put a stop to unfair business practices, according to a...

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Brexit’s Looming FX Risk For SMBs

Yea or nay for Theresa May’s Brexit plan comes next week, via Parliament’s Dec. 11 vote. SMBs reliant on cross-border trade are exposed...

2.6K

Visa, Mastercard Cut Tourist Card Usage Fees To End EU Probe

Visa and Mastercard are offering to cut fees that are paid by merchants on tourists’ card payments made in the European Union...

Taxes

Facebook, Google Targeted In Revised Franco-German Tech Tax

France and Germany have come up with a compromise for a European Union (EU)-wide digital tax, abandoning a wide-ranging 3 percent tax...

2.7K

Draft Guidelines Clarify GDPR Scope

As GDPR continues to take root, having an impact in Europe and beyond the confines of the continent, news came late last...

EU's Money Transfer Service Takes Aim at PayPal

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International

EU’s Transfer Service Takes Aim At PayPal

The European Central Bank launched the TARGET Instant Payment Settlement, or TIPS, on Friday (Nov. 30), with the aim of competing with...

1.2K

London Could Lose Billions In Banking Assets As A Result Of Brexit

Frankfurt Main Finance, the lobbying group, is warning that London will lose up to €800bn (£700bn) in assets to Frankfurt by March as...

EU Files Privacy Complaint Against Google

Security & Fraud

EU Watchdogs File Privacy Complaint Against Google

Google is facing a privacy complaint filed by a group of European consumer watchdogs that contend the internet giant used manipulative tactics...

1.5K

Brexit Is (Finally) Approved, Awaits Parliamentary Vote

European Union leaders have approved a treaty with Theresa May outlining Brexit terms with the U.K. According to the Wall Street Journal,...

3.1K

Google

Google Shopping Rivals Question EU Rule Compliance

Shopping comparison website operators sent a letter to the European Union’s Competition Commissioner Margrethe Vestager late last week contending that Google isn’t...

10.2K

Travel Payments

EU Probes Sabre, Amadeus Over Airline Ticket Prices

The European Union has launched an inquiry into deals between players in the air travel industry that may have resulted in a...

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Google

EU ‘Link Tax’ May Shutter Google News Abroad

A “link tax” might mean the end of Google News in the EU. Richard Gingras, the search engine’s vice-president of news, said...

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Big Tech’s FinServ Moves Prompt EU Regulatory Probe

Moves on the part of Amazon and Google to enter the financial services market is prompting European financial regulators to mull whether...

Under GDPR, EU Regulators Probe Data Brokers, Credit Rating Agencies

A campaign group has asked EU regulators to investigate several data brokers, credit rating agencies and adtech companies to see if they...

France Finance Minister Wants EU Digital Tax

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France’s Finance Minister Wants EU-Wide Digital Tax By Year End

France is plowing ahead with its vision for a European Union-wide digital tax, with the country’s Finance Minister Bruno Le Maire saying he...

UK, EU Make Progress On Post-Brexit Deal Talks

Economy

UK, European Union Make Progress On Deal Talks

The U.K. and the European Union are reportedly making progress on a deal that would give London access to the EU markets...

European CFOs Scramble To Issue Debt Ahead Of Brexit, ECB Changes

European chief financial officers are issuing more debt as they brace for market volatility ahead of Brexit and changes coming from the...

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Brexit A Boon For Blockchain?

As U.K. gears up to leave the EU, questions arise over cross-border trade and payments. Might technology be a salve? One study from...

No-Deal Brexit Could Spark UK Economic Recession

Great Britain could be headed toward a long recession if it can’t strike a Brexit deal. Credit ratings agency Standard & Poor’s (S&P)...

2.6K

RBS Allocates $2.6B To Help SMBs Prepare For Brexit

With fears mounting over supply chain and financial disruptions as a result of Brexit, the Royal Bank of Scotland (RBS) has reportedly...

2.5K

Safety and Security

Apple CEO Calls On The US To Embrace EU-Type Privacy Laws

Tim Cook, the chief executive of Apple, is calling on the government in the U.S. to embrace privacy laws that are similar...

5.3K

Jaguar CEO: Hard Brexit Could Spark Huge Job Losses

The CEO of Jaguar Land Rover has warned that key industries will be destroyed by a hard Brexit. Last month it was...

EU Businesses Ready For Major Money Moves Ahead Of Brexit

European Union (EU)-based businesses that have obtained financial instruments from U.K. banks may be forced to move those derivatives in preparation for...

State Regulators Report: Money Services Firms Handled $1.2T In 2017

As noted by the Conference of State Bank Supervisors (CSBS), state regulators earlier this month released the inaugural Money Services Business Industry...

3.2K

Amazon

EU Proposed Regulation Could Put More Data Restrictions On Online Merchants

European Union lawmakers have proposed new regulations aimed at stopping an online marketplace such as Amazon from using data from merchants’ product...

EU Probes Regulator Oversight On Danske Money Laundering Scandal

The European Union’s (EU’s) banking supervisor wants to know more about how Denmark’s financial watchdog supervised Danske Bank, which is being investigated...

2.4K

Ridesharing

Uber CEO Eyes ‘Portable Benefits’ For Drivers

Uber’s CEO revealed that the company is looking into offering its drivers health insurance and other benefits through a “portable” system that would...

News

Five At Five: eBay Calls Out Amazon

Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes tension between two big...

News

Five At Five: Discover Makes Friends With Amazon

Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes the nice things Discover’s...

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Google

Google Provides EU With Second Shopping Report

Google has handed over a second report to European Union (EU) antitrust regulators, detailing its proposal to allow more shopping rivals to...

Advocacy Group Says EU’s Tax Haven Blacklist Is Failing

Tax havens are typically assumed to be islands in warm climates offering low tax rates for organizations looking for a lucrative loophole....

Amazon And Google Face New European Problems

European regulators this week continued to show their love, respect and admiration for U.S.-based tech and eCommerce firms, removing hurdles that might...

Government Procurement Preps For No-Deal Brexit

The U.K. is making preparations in case a Brexit deal doesn’t go through by the March 2019 deadline. In July, Brussels rejected the U.K.’s proposals...

12.3K

Bitcoin

Bitcoin Daily: NY Approves First Stablecoins, WeChat Blocks More Crypto Accounts

New York State has approved the dollar-linked digital currencies created by Gemini Trust and Paxos Trust, making them the first stablecoins approved...

Security & Fraud

EC Eyes Greater Enforcement Over Money Laundering

The European Commission is crafting a proposal aimed at giving the European Banking Authority more enforcement powers and resources to go after...

No Brexit Could Prompt No Payments From UK

Britain could potentially withhold some payments to the European Union if a deal to help the country leave Brexit doesn’t happen before...

Why The New eIDAS Regs In The EU Could Be A Game Changer

The EU, in concept, is meant to create a single, free-trade zone where consumers can move goods and services easily and without...

4.6K

How A Single Digital ID Will Become EU’s Commerce Passport

When trying to understand the new eIDAS regulations set to go officially online in the EU in September, it helps, Trulioo GM...

5.7K

Europe Seeks SWIFT Alternative

To help attain financial independence, Europe has reportedly been working on a money transfer system. It would be separate from the prevailing...

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