The Australian Competition and Consumer Commission is continuing to assess the applications for authorization in regards to Apple Pay by five banks in the country after deciding not to grant the banks' request for interim authorization at this early stage...
Choosing the right mobile wallet can be tricky and time consuming, but we've done the research for you! The 2016 Mobile Wallet Comparison Guide gathers in one spot a compendium of the industry's top mobile wallets, compiling their differing capabilities...
The Competition and Market Authority in the U.K. has released a set of reforms intended to "ensure that [bank] customers benefit from from technological advances and that new entrants and smaller providers are able to compete more fairly," according to...
Some of Australia's leading financial instituions have joined forces in an attempt to challenge Apple's resistance to letting them offer their own payment services on Apple devices that contain NFC technology. Commonwealth Bank, National Australia Bank, Westpac and Bendingo haved...
North Carolina Governor Pat McCrory recently signed into law a new bill that expands the Money Transmitters Act to include virtual currency. The law defines virtual currency as a "medium of exchange," but not as currency, according to a report by Econo Times. The legislation, H.B.
The Swedish financial supervisory authority has granted Seamless, parent company of mobile wallet provider SEQR, the ability to issue electronic money in the country. Seamless said in a press release the move means SEQR users can send and receive funds worldwide in real time. Under the terms of the authorization, SEQR can also be used by minors.
If mobile operators are able to overcome certain barriers, they could look at a $142 billion spike in revenue by 2020, according to a new report from DOCOMO Digital and Ovum Research, entitled "Mindset changes and stakeholder collaboration are needed...
Boston-based bitcoin company Circle has officially received an electronic money license from Britain. With this license, Circle will be able to work with big banks on money transfers.
In a letter to the Federal Reserve, the National Retail Federation argued that 24 cents per transaction is still 'substantially higher' than Congress intended.
The company expects to activate services in a phased approach by end of second quarter 2016.
Riksbank cites 'a high risk' that cash will disappear before alternative means of payment have become widespread, causing financial harm to some Swedish citizens.
The group points to similar reforms in the European Union and Australia and says the same should happen in the U.S.
The agency ordered Dwolla to pay a $100,000 penalty and fix its security practices.
Japan's Liberal Democratic party is considering changing the laws to define virtual currency as legal currency. With this change, bitcoin and other virtual currencies could be regulated and taxed more closely.
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The Chamber of Digital Commerce and Coin Center recently announced the formation of a public-private forum for the bitcoin community, the Blockchain Alliance, which plans to tackle the issue of bitcoin crime and open dialogue with law enforcement.
The Winklevoss twins' new bitcoin exchange, Gemini, has become one of the first to be approved for a BitLicense from the NYDFS.
The changes are intended to align the Fed's same-day ACH service with recent amendments to NACHA ACH operating rules.
Payments company Circle Internet Financial has become the first company to receive an approved BitLicense.