Insights Archive

July 3, 2023

US Banks Push For Delay To New ACH Fraud Prevention Rules

The American Bankers Association supports plans to expand the fraud detection requirement to other parties in the Automated Clearing House (ACH) network, but is asking for more time to comply.

July 3, 2023

’Outrageous!’: Klarna Criticises EU Open Finance Proposal

The buy now, pay later (BNPL) giant has called the new legislation an opportunity for the EU to “get it right”, but warns that proposals to introduce charges is not the right way forward.

July 3, 2023

UK Financial Services And Markets Bill Receives Royal Assent

At the end of last week, a UK landmark bill aimed at overhauling the country’s financial services rules received royal assent.

July 3, 2023

Ohio Legislature Approves Sports-Betting Tax Hike

Ohio lawmakers have doubled the state’s sports-betting tax rate as part of a new state budget bill that the legislature approved on Friday.

July 3, 2023

Historic Ruling For Florida Seminoles Could Revolutionize All Tribal Gaming

In what could be the most significant court decision on Indian gaming in more than 36 years, a federal appeals court in Washington, D.C. on Friday upheld a landmark compact negotiated in 2021 between the Seminole Tribe and the state of Florida.

July 3, 2023

Peru Promulgates Online Gambling Clean-Up Bill

Nearly a year after Peru’s Congress voted to pass an online gambling law in the dead of night, legislation to clean up apparent drafting errors from that rushed procedure has been promulgated by President Dina Boluarte.

July 3, 2023

New Jersey Sets New Five-Year Sunset Period For Internet Gaming

New Jersey Governor Phil Murphy signed legislation on Friday to renew the state's wildly successful internet gambling law, but the battle over the reduced extension of the law to five years may be just the beginning.

July 3, 2023

White Paper Fails To Ease Pressure On UK Gambling Ads

Despite its notable absence from the government's policy white paper, the issue of gambling advertising in football continues to drive headlines in the UK, as pressure groups maintain their demands for action.

June 30, 2023

’An Easy Switch’: US Fed Dual-Routing Set To Take Effect

A US requirement mandating card issuers to enable dual routing for online transactions is set to come into effect on Saturday (July 1) and experts believe the switch should go smoothly.

June 30, 2023

Week In Crypto: You Have No Jurisdiction Over Crypto, Coinbase Tells SEC

Coinbase responds defiantly in its battle with the US Securities and Exchange Commission (SEC), Binance loses access to euro deposits and withdrawals, and FTX’s former head of compliance is accused of bribing whistleblowers to stay quiet.

June 30, 2023

MEPs Ready To Begin Negotiating With Council On Instant Payments, Including SFD Amendment

Members of the European Parliament have easily voted through their position on the Instant Payments Regulation, as the European Commission has strongly hinted that it would back the Settlement Finality Directive (SFD) being amended in this legislation over the new Payment Services Directive (PSD3).

June 30, 2023

Daily Dash: Visa Confirms Pismo Acquisition

Visa has announced a move into issuer processing and core banking with its Pismo acquisition, Lithuania has set out its National Fintech Guidelines, and Shanghai Clearing House has launched e-CNY clearing and settlement.

June 30, 2023

Massachusetts To Require Age Restrictions On Stadium Sports-Betting Logos

After a somewhat contentious hearing, the Massachusetts Gaming Commission has narrowly approved an amended regulation that requires a logo of a sports-betting brand to include language that only those over the age of 21 can participate in wagering.

June 30, 2023

NFL Suspension Of Four Players Underscores Struggle With Regulated Betting

The National Football League (NFL) on Thursday announced the suspension of four players, including three for the entire 2023 season which begins in September, for violating league rules by betting on NFL games last year.

June 30, 2023

Hungary Orders Payment Blocking Against Offshore Operators

Hungary’s gambling regulator has promised tougher action against “illegal online gambling” as it prepares to use its new powers and enforce strict payment-blocking measures.

June 30, 2023

Swedish Court Overturns Fine In Money Laundering Act Case

An administrative court has overturned a 2022 Swedish Gambling Authority fine against AB Trav & Galopp (ATG) levied for violations of Sweden’s money laundering laws.

June 30, 2023

News In Brief: June 26-June 30, 2023

Belgium's ban on gambling ads is set to go ahead after it avoided defeat by legal challenges spearheaded by sports teams.

June 29, 2023

Payments D-Day Confirmed: EU Unveils Its New Payments Legislation

The European Commission has published its payments, open finance and digital euro legislation to optimism from payments insiders.

June 29, 2023

Calls Grow For Social Media Companies To Be Held Liable For APP Fraud

Facing growing criticism of its new rules on APP fraud reimbursement, the UK’s Payments Systems Regulator has said it is "confident" that its plans will drive the right consumer outcomes.

June 29, 2023

ACI Worldwide Fined $25m For Mistakenly Sending $2.3bn In Real Payments During Test Run

The US Consumer Financial Protection Bureau has fined ACI Worldwide and its subsidiary ACI Payments for initiating around $2.3bn in mortgage payments while running a test.

June 29, 2023

Mystery Surrounds Huge Cut In Renewal Of New Jersey iGaming

The author of an amendment to dramatically reduce the extension of New Jersey's internet gaming market is still unknown and the ultimate fate of the amendment remains uncertain ahead of a key legislative deadline.