The fight between financial institutions and fraudsters is an eternal one, and a key battlefield remains identifying customers at the initial point of interaction and onboarding. In short, making sure that a person or entity is who they say they are, is difficult in the digital age. New practices determining how...
A task force of the European Data Protection Board (EDPB) released a report that will guide member countries’ data protection authorities (DPAs) as they investigate OpenAI’s chatbot, ChatGPT. The report provides preliminary views on some aspects of the investigations but does not prejudge the findings that will be made by each DPA,...
When it comes to payments innovations, banks and payment companies have held up their end of the deal. Instant payments, pay-by-bank, digital wallets, artificial intelligence and tokenization all have been pushed forward from the supply side. Now it’s up to the consumer. Seth Perlman, global head of product at i2c, said there are...
The Federal Reserve’s proposal to lower debit interchange fee caps has drawn a flurry of responses — roughly 2,500 responses, in fact — from trade organizations representing merchants and financial services firms, from bank executives and unaffiliated individuals too. Generally speaking, the comment period after...
May 24, 2024
When it comes to payments innovations, banks and payment companies have held up their end of the deal. Instant payments, pay-by-bank, digital wallets, artificial intelligence and tokenization all have been pushed forward from the supply side. Now it’s up to the consumer. Seth Perlman, global head of product at i2c, said there are several drivers pushing consumers, as well as enterprises and banks, toward seamless and […]
May 23, 2024
The Federal Reserve’s proposal to lower debit interchange fee caps has drawn a flurry of responses — roughly 2,500 responses, in fact — from trade organizations representing merchants and financial...
May 23, 2024
The payments landscape in Europe is poised for a shift as new regulations mandating support for instant payments go into effect in 2025. That’s no guarantee that consumers and businesses...
May 21, 2024
Higher fees from the payments networks across the pond have not translated into better service, according to a new report. The U.K.’s Payment Systems Regulator (PSR) issued a 158-page report...
May 24, 2024
The European Union (EU) is currently facing concerns from lobbying groups representing airlines, hotels and retailers regarding Google’s proposed search changes. These groups are urging EU tech regulators to consider their views and not just those of large intermediaries when implementing new tech rules, Reuters reported Friday (May 24). The changes are part of the EU’s Digital Markets Act […]
May 24, 2024
A task force of the European Data Protection Board (EDPB) released a report that will guide member countries’ data protection authorities (DPAs) as they investigate OpenAI’s chatbot, ChatGPT. The report provides preliminary views on some aspects of...
May 22, 2024
The City of London, the administrator of the financial district of the United Kingdom, is reportedly grappling with concerns about the district’s competitiveness and the need for foreign investment. The city’s...
May 22, 2024
The Consumer Financial Protection Bureau (CFPB) ruled Wednesday (May 22) that buy now, pay later (BNPL) vendors are credit card providers and must provide some key legal protections and rights...
