Insights Archive

August 5, 2022

News In Brief: August 1-August 5, 2022

U.S.-based casino company Penn National announces that it is rebranding as PENN Entertainment.

August 4, 2022

Japan Unlikely To Pursue CBDC, Says Former BOJ Insider

A former policy board member at the Bank of Japan (BOJ) has said its central bank digital currency (CBDC) studies have failed to impress and that the bank has no plans to implement a digital yen in the near future.

August 4, 2022

ECB’s Search For ’Holy Grail’ Of Cross-Border Payments

A European Central Bank (ECB) study to look into the future of cross-border payments gives high praise to instant payments linkages and central bank digital currency, while it ranks Bitcoin and stablecoins the worst of all worlds.

August 4, 2022

Watching The Watchers: Trade Groups Push For CFPB Oversight Of Fintech Data Handling

US trade groups have petitioned the Consumer Financial Protection Bureau (CFPB) to bring large fintechs, bigtechs and data aggregators under its supervision ahead of its open banking rulemaking.

August 4, 2022

UPDATE: Disney Settles Lawsuit Against Visa, Mastercard Interchange Fees

Disney has settled a lawsuit with Visa and Mastercard over allegedly excessive interchange fees, just days after bringing the card giants to court.

August 4, 2022

HKMA Shares ’Sound Practices’ As It Ramps Up Payment Operations Oversight

The Hong Kong Monetary Authority (HKMA) has written to authorised institutions with regard to payments-related incidents as it warns firms of plans to increase its surveillance over their payments operations.

August 4, 2022

Business Payments Continue To Drive US ACH Growth

The US ACH network moved 7.5bn payments in the second quarter of 2022 driven by the growth in Same Day ACH and business-to-business (B2B) payments, Nacha says.

August 4, 2022

Eyes On Colombia's New President For Gambling Winnings Tax Hike

The Colombian gambling industry will be watching the first moves of the new administration on Monday, when Gustavo Petro and his Cabinet are sworn into office.

August 4, 2022

Dutch Regulator Continues To Address Duty Of Care Concerns In Latest Study

There is little scientific evidence that voluntary limits are effective in preventing risky behaviour, according to a review undertaken by the Netherlands Gambling Authority (KSA).

August 4, 2022

Dodging The 800-Pound Gorilla Of Sports Betting In California

It is going to be one of the biggest, if not the biggest, story in the U.S. gaming industry this year, but hardly anyone is eager to talk about the two competing sports-betting measures in California that will be on the election ballot on November 8.

August 3, 2022

China UnionPay Expands In Russia To Fill Visa/Mastercard Void

Two more of Russia’s largest banks are preparing to issue China UnionPay cards, continuing a trend that has gathered momentum since the invasion of Ukraine.

August 3, 2022

Phishing Scams Are Coming Down, Says Singapore Regulator

Phishing scams have reduced since the OCBC scandal last year confirms the Monetary Authority of Singapore while answering a question from the city-state’s parliament.

August 3, 2022

It’s No Fairytale: Disney Sues Visa, Mastercard Over High Interchange Fees

After opting out of a large-scale class action, Disney has now filed its own lawsuit alleging the card networks have set their interchange fees too high.

August 3, 2022

LeoVegas Penalised In UK For AML, Responsibility Failures

The UK Gambling Commission has penalised Stockholm-listed online gambling operator LeoVegas £1.32m for anti-money laundering and social responsibility failures.

August 3, 2022

New South Wales Unveils Hawkish Powers For Casino Regulator

The New South Wales government is preparing to super-charge the powers of a new gaming regulator in Australia’s largest state, including the option of prosecuting individual company directors and executives.

August 3, 2022

Gaming A Target For Money Laundering, But Real Estate Easier Prey

The U.S. gaming industry has long been a target for money laundering as criminals look to hide profits, but the problem is not so widespread because there are easier ways to launder money, according to a federal law enforcement official.

August 3, 2022

UK Advertising Regulator Bans Two Gambling Ads

The Advertising Standards Authority has banned two gambling ads for suggesting they could provide players with financial security and for promoting socially irresponsible behaviour.

August 3, 2022

New German Group Seeks To Ban Or Severely Restrict Betting Ads

A new coalition backed by more than a dozen private and public gambling addiction organizations, along with sports fan groups, has said it will lobby for the severest possible restrictions on German gambling advertising.

August 2, 2022

VIXIO Speaks With: Banco De Portugal (Part 2)

In the second part of a wide-ranging interview, VIXIO spoke with Rita Soares, the Banco de Portugal’s payments chief, about how the regulator is helping with the development of a central bank digital currency and what it is doing to adapt to crypto’s rise.

August 2, 2022

Israel Adds Further Caps To Cash Usage

A new law in Israel will further reduce the limit on cash transactions for both personal and business payments, following in the footsteps of similar legislation in the EU.

August 2, 2022

Independent ATMs Rising To Cash Prejudice Challenge In US

With thinning margins and the continuous decline in the use of cash, independent ATM deployers are facing an uphill battle. VIXIO sat down with the ATM Industry Association (ATMIA) to discuss the challenges and initiatives to bring in a new generation of cash-supporting machines.