Canada moves to modernize payments infrastructure

The Candian Payments Association and the Bank of Canada have released research that supports the initiative, outlining critical issues the industry must investigate to improve the payment system.

Survey participants wanted for 2016 Mobile Payments State of the Industry Report

Mobile Payments Today has released its latest survey for the upcoming 2016 Mobile Payments State of the Industry Report.

MasterCard goes to war against virtual currencies

MasterCard is on the warpath, petitioning the U.K. to impose stricter regulations on bitcoin and other virtual currencies.

Final BitLicense rules released

New York has released the final version of BitLicense, solidifying the regulatory framework in the state.

FinCEN fines Ripple Labs $700K for multiple violations

FinCEN said Ripple Labs willfully violated several requirements of the Bank Secrecy Act by acting as a money services business and selling its virtual currency, known as XRP, without registering with FinCEN.

Canada introduces mobile payments code of conduct

The code promotes merchant choice, fee transparency and disclosure, and fairness in the credit and debit card market.

India's central bank drafts contactless guidelines

NFC payments up to 2,000 rupees ($32) in value would no longer require two factor authentication under the proposed rules.

NACHA faster payments proposal wins ABA support

Bankers opposed a 2011 proposal by NACHA; the payments association has amended its new proposal to address their concerns.

Federal Reserve releases faster payment report

'Strategies for Improving the US Payment System,' lays out the Fed's plan for engaging with industry stakeholders to improve the speed, safety and efficiency of payments.

Bankers praise SCOTUS decision to let interchange ruling stand

An appeals court previously rejected retailers' efforts to reduce the interchange cap set by the Fed pursuant to the Durbin Amendment.

New coalition seeks legislative controls on patent trolls

The National Retail Federation and Oracle have organized United for Patent Reform to pursue legislative reform targeting seven aspects of patent litigation.

Trade association set to host mobile payments session in DC

The Merchants Payments Coalition wants to educate Congress members and their staffs about upcoming innovations in payments.

Report examines efforts to regulate mobile payments, standardize technology

Countries have begun enacting regulatory frameworks, hoping to encourage interoperability and ensure widespread adoption of mobile payments.

Former SEC chairman Arthur Levitt named advisor to Bitpay and Vaurum

"With his advice, we hope to better navigate the financial industry and build a successful business," said BitPay's Gallippi.

US gov't to introduce EMV for EBT cards

Following on high-profile data breaches originating at POS terminals, the Obama Administration is reportedly taking measures to ensure the security of electronic benefits payments data.

Mobile Payments Today publishes State of the Industry report

MobilePaymentsToday.com surveyed consumers in the U.S., U.K., India and Brazil to discover how they are adapting to the growing mobile payments industry. Our fourth edition is available in five versions.

Russia's Ministry of Finance establishes penalties for virtual currency

Russia develops a bill establishing penalties for use and generation of virtual currency such as Bitcoin.

Bangladesh promises jail time for cryptocurrency use

Government cites the country's strict anti-money-laundering laws in order to take extreme measures.

Bank of England addresses digital currencies

Institution does not believe Bitcoin poses a risk to financial stability in the UK.

Fed completes research into payment system improvement

A representative from the Fed will present a draft of the forthcoming study in a Town Hall meeting this Thursday at the ATM & Mobile Innovation Summit in Washington, D.C.

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