BBA calls for close supervision of tech company payment ventures
Technology companies that offer financial services should see the same regulation as banks, the British Bankers Association said on Tuesday, in a move to protect consumers.
Technology companies that offer financial services should see the same regulation as banks, the British Bankers Association said on Tuesday, in a move to protect consumers.
A group of lawmakers will push forward the payments agenda in the US government via a newly formed alliance that focusses on the sector.
Apple appears to be one of the few companies willing to play ball with the US government’s proposed surveillance and security rules, with CEOs of Facebook, Microsoft and Google conspicuously absent from an Obama-led industry event.
Despite EU regulations, many large companies have been accused of delaying payments to suppliers as a free alternative to loans. Payment and big data technology company Remitia thinks they’ve found a way to keep both sides happy.
Japan is considering making its business banking model more flexible in order to take advantage of advances in financial technologies.
Bitcoin payment firm Coinbase will open the first regulated bitcoin exchange in the US today in a bid to boost the legitimacy of the cryptocurrency.
China is loosening regulations in a pilot scheme allowing foreign investors to fully own e-commerce companies in Shanghai’s free trade zone.
The UK’s Payments Systems Regulator has appointed three heads of department to lead the new organisation.
The Chief Executive of electronic money system Ukash David Hunter has joined the advisory board of the Emerging Payments Association.
The UK’s payment clearing system, Faster Payments, has issued plans to expand the service to more payment providers over the next year.