Regulatory

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How eCommerce Payments Providers Sniff Out Money Launderers

Online retail has exploded in popularity over the past 20 years, with online giants like Amazon, eBay and big-box retailers’ marketplaces becoming consumers’ go-to alternatives to brick-and-mortar merchants. The eCommerce industry is expected to generate $4.

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Apple, Amazon, Facebook and Google Slam Congressional Report Calling for Break-Ups

Apple, Amazon, Facebook and Google Slam Congressional Report Calling for Break-Ups

The country’s four largest tech firms wasted no time pushing back on a congressional antitrust report that suggested Amazon, Apple, Facebook and Google have become too powerful and might need to be broken up.

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Amazon One: Palm Scanner Launched for ‘Secure’ Payments

Amazon One: Palm Scanner Launched for ‘Secure’ Payments

Amazon has announced a new payment system for real-world shops which uses a simple wave of the hand. Its new Amazon One scanner registers an image of the user’s palm, letting them pay by hovering their hand in mid-air “for about a second or so”, it says. The product will be trialled at two of […]

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5 Ways COVID-19 Changed the Nature of Payments Fraud

As many businesses and consumers have been forced to deal with the difficult conditions thrust upon them by the COVID-19 pandemic, so too have fraudsters needed to make adjustments just to continue their life of crime. Given that the nature of fraud activities has been evolving during the crisis, not all of the changes are […]

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How the Pandemic Made QR Codes Sizzle

QR codes have become the star player on the digital payments stage in China and throughout Southeast Asia. Consumers and businesses are wholeheartedly embracing mobile wallets powered by QR codes as the best way to pay, pretty much no matter where they are – or who they are.

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Can Regulators Foster Financial Innovation and Preserve Consumer Protections?

Can Regulators Foster Financial Innovation and Preserve Consumer Protections?

8 in 10 Consumers Connect a Bank Account or Credit Card to Their Most-Used Mobile App Percentage of respondents by payment source Percentage Refused 0.0374 Bank or credit union account 0.554 Credit card 0.2541 Prepaid card or stored value on app 0.

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Robinhood May Face $10M Fine Over Payments From High-speed Traders

Robinhood May Face $10M Fine Over Payments From High-speed Traders

Dive Brief: Robinhood Markets faces a civil fraud investigation and a potential fine of more than $10 million from the Securities and Exchange Commission (SEC) for failing to disclose until 2018 that it sold its clients’ orders to high-speed trading firms, sources told The Wall Street Journal.

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Top Regulator Pushes Ahead With Plan to Reshape Banking, Sparking Clash With States

Top Regulator Pushes Ahead With Plan to Reshape Banking, Sparking Clash With States

“We’ve satisfied ourselves that we don’t need a new regulation or a new statute on it,” Brooks said. A charter would give these companies the ability to operate across state borders with a single set of rules, as well as to expand the suite of financial services they offer.

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In a Digital World, Regulators and Innovators Need to Team Up to Beat Fraud

In a Digital World, Regulators and Innovators Need to Team Up to Beat Fraud

Innovation in payments has moved rapidly over the past decade, with companies of all sizes and industries diversifying their payment methods and incorporating network tokens.

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European Commission Approves Mastercard’s €2.85bn Nets Deal – FinTech Futures

European Commission Approves Mastercard’s €2.85bn Nets Deal – FinTech Futures

The European Commission (EC) has approved Mastercard’s €2.85 billion acquisition of Nets’s account-to-account (A2A) payment business.

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Amazon Broadens the Mobile Payment Patent Minefield

Amazon Broadens the Mobile Payment Patent Minefield

Most tech companies build competitive barriers using patents. Amazon achieved this with a patent on one-click ordering that finally expired in late 2017. Now Amazon has received a patent in India that enables mobile payments with almost no user friction using geofencing and user account data.

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Indisputable: More Credit Card Disputes

Indisputable: More Credit Card Disputes

As if rising credit card risks and accounting changes under Current Expected Credit Loss (CECL) bring gloom to quarterly reporting, the industry must also watch for an increase in disputed payments, as the American Banker reports in today’s read.

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