Search

Byline: Lalita Clozel WASHINGTON -- Faced with the prospect of a new federal fintech charter, state agencies are considering drastic new steps to streamline regulation across state lines. A handful [...]

Byline: Thomas P. Vartanian The last month has seen a variety of financial regulators articulating their views concerning fintech. Their interest signals greater regulatory certainty for innovative firms looking to [...]

Byline: Kevin Wack It took a long time, but the U.S. banking industry has finally embraced the concept of speedier payments. In August 2012, banks and credit unions rejected an [...]

Byline: Kevin Wack U.S. banks have approved a proposal to allow consumers and businesses to send same-day electronic payments among the nation's 12,000 financial institutions, according to the industry organization [...]

Byline: Rachel Witkowski WASHINGTON - Just two days after Apple unveiled its new program designed to speed the adoption and use of mobile payments, Consumer Financial Protection Bureau Director Richard [...]

Byline: Sean Sposito Three years ago Aaron Greenspan had a hot mobile payments startup on his hands that was poised to take a bite out of the entrenched card networks. [...]

Byline: Kevin Wack Until now, state regulators have mostly failed in their efforts to crack down on unlicensed online payday lenders that often charge borrowers sky-high interest rates. But New [...]

Byline: Bailey Reutzel Nacha, the electronic payments association, issued guidelines for the use of quick-response (QR) codes for consumer bill payment. QR codes are two-dimensional bar codes that can be [...]

Byline: John Adams A number of banks have found mobile capture, the ability to deposit checks via smartphone, to be a popular way to lure consumers to mobile banking, enough [...]

Byline: Kate Berry The Consumer Financial Protection Bureau opposes a 20% down payment on low-risk mortgages and will not use its special rulewriting powers to undermine the Dodd-Frank Act, Director [...]

Byline: Kevin Wack WASHINGTON â As the federal government begins to take a closer look at the regulation of mobile payments, the first signs of a split within the payments [...]

Byline: Jeremy Quittner When the alternative payments provider Dwolla changed its terms of service earlier this month, it made it harder for users of the digital currency Bitcoin to use [...]

Byline: Daniel Wolfe The Stop Online Piracy Act and the Protect IP Act, two bills that would have relied on payment companies to block funding to websites accused of content [...]

Byline: Victoria Finkle Impending service slowdowns at the post office could provide a boost to bankers. The U.S. Postal Service has announced a number of proposed steps to slash costs [...]

Byline: Sean Sposito As banks look for ways to get revenue from free services like bill pay, they risk becoming a target of public outcry, as Verizon Wireless has in [...]

Byline: David True The Durbin amendment has become a red flag in the payments world, evoking forecasts of doom, socialism and pricing changes. Let's put the topicin perspective. First, look [...]

Byline: Andrew Johnson PayPal Inc. could lose a substantial amount of transaction revenue if pending caps on debit interchange are applied to the alternative payments company, an analyst with FBR [...]

The Reserve Bank of India has ruled that all electronic and online purchases initiated in India must settle within two days. The bank also ruled that all payments to merchants [...]

The Payment Card Industry Security Standards Council published new guidelines for secure payment devices and streamlined the assessment questionnaire small merchants must fill out to evaluate their network security. The [...]

Nacha, the electronic payments association, said its voting members approved an amendment to its operating rules that will require the originators of automated clearing house transactions to be identified. The [...]

WASHINGTON -- Financial services representatives are growing increasingly nervous about an upcoming debate on the industry's role in combating online child pornography. The topic is the subject of three hearings [...]

ACTION ON LEGISLATION Internet Gambling HR 4777, HR 4411 A House Judiciary subcommittee approved legislation May 3 that would criminalize a financial institution's failure to stop online gambling payments. The [...]

WASHINGTON -- As the House Financial Services Committee prepares to mark up a bill today that would restrict the use of credit cards and other payments for Internet gambling, the [...]

A promotional agreement between ePassporte NV, which sells prepaid debit cards, and Square Enix Co. Ltd., a Tokyo video game manufacturer, could set a standard for online micropayments. Under the [...]