Insights Archive

May 26, 2023

Australia’s Woolworths To Accept Instant Payments In ’Game-Changing’ Move

Australia’s largest supermarket chain is set to offer an instant payments service that will allow customers to pay for items directly from their bank accounts.

May 26, 2023

Week In Crypto: US Treasury Sanctions Binance Wallets With Ties To North Korea

Binance helps US authorities stop North Korean sanctions buster but faces new allegations of commingling of funds, Hong Kong pulls the plug on stablecoins for retail investors, and new crypto enforcements in Malaysia and the Philippines.

May 26, 2023

EU Data Act Access Rules Spark Concern Among Lobbyists

Industry associations in the banking and tech sector have released a joint statement regarding concerns over proposed access to data by public authorities.

May 26, 2023

What Meta’s Historic GDPR Case Could Mean For Payments

Irish authorities have imposed a record $1.2bn fine on Meta for illegally transferring Europeans’ data to the United States and banned future transfers. Experts now tell VIXIO the decision bears wider implications for the payments industry.

May 26, 2023

Daily Dash: Starling Boss Flies Away

Starling’s CEO and founder has said she is stepping down from the role after £453m in revenue, 365-day payments launch in New Zealand and the EU’s data protection body elects a new chair.

May 26, 2023

Japan Flags Blocking Of Foreign Gambling Websites

Japan’s consumer affairs minister has told a parliamentary committee that the government may seek to block foreign gambling websites as part of a host of “counter-measures” against a proliferating online gambling market.

May 26, 2023

Malta Lawsuit Shield Bill Draws Support, Condemnation

Malta’s attempt to shield its licensed gambling companies from liability from lawsuits in Germany and Austria is drawing both backing and condemnation.

May 26, 2023

No Longer Resonating, The Term 'Responsible Gambling' Is Under Fire

Critics have said it is time to jettison "responsible gambling", which is not working and may be causing more harm than good to the gaming industry and its customers.

May 26, 2023

French Online Casino Bill Would Freeze Out Foreign Competitors

A member of France’s largest political party has submitted a legal proposal to open up the online casino game market that would give a significant head-start to the country's land-based casino sector.

May 26, 2023

Cardroom Expansion Moratorium Reinstated In California

A bill to reinstate a moratorium on cardroom expansion in California has been signed into law by Democratic Governor Gavin Newsom, prohibiting gaming regulators from issuing new cardroom licenses for the next two decades.

May 25, 2023

Citizens Bank Pays $9m Penalty For Credit Card Dispute Failure

Citizens Bank has settled a case with the Consumer Financial Protection Bureau which alleged the bank automatically denied certain credit card fraud claims.

May 25, 2023

Signed Off By October? EU’s Instant Payments Legislation Hopes

Brussels hopes for a swift legislative process, questions remain over whether the European Council and Parliament will play ball and non-bank access to payments still on the agenda as VIXIO looks at the current state of play for EU instant payments regulations.

May 25, 2023

India Braces For Impact As Withdrawal Of ₹2,000 Notes Confirmed

The Reserve Bank of India has confirmed that ₹2,000 banknotes are soon to be withdrawn, raising fears of cash shortages that crippled the country in 2016 during a similar "demonetisation" policy.

May 25, 2023

UK Gambling Commission Penalty For Paddy Power, Betfair

The UK Gambling Commission has issued a £490,000 financial penalty for Flutter-owned Paddy Power and Betfair after it sent promotional push notifications to devices linked to customers who had self-excluded.

May 25, 2023

India Raids 25 Locations Linked To Foreign Online Gaming Operators

India’s foreign transactions and money laundering enforcer has raided 25 locations across the nation suspected of housing foreign-controlled online gambling operations.

May 25, 2023

UK Regulator Targets Six Areas To Strengthen Evidence Base

The UK Gambling Commission has outlined six areas where it intends to improve the evidence base for regulatory change over the next three years, as part of what it calls a new “aspirational” programme.

May 25, 2023

North Carolina Sports-Betting Bill Amended In Senate Committee

Sports wagering legislation began its path through the North Carolina Senate on Wednesday with a successful committee vote following some key changes to legislation that originally cleared the House in March.

May 25, 2023

Global Advertising Code For Gambling Needed Even If Impossible

As daunting as the challenge may be, the international gaming community needs to establish regulations governing how sports betting and the industry’s other products are marketed, two leading gambling analysts said on Wednesday in Las Vegas.

May 25, 2023

Gambling Commission Chief Discusses UK White Paper For First Time

The financial vulnerability, or affordability, checks, that are part of the UK’s white paper on the future of gambling regulation should not be an imposing burden on the industry, says the head of the Gambling Commission.

May 25, 2023

News In Brief: May 22-May 26, 2023

Caliente powers strong Playtech results despite fees dispute, Pennsylvania hands out six-digit casino fines and a Sportradar sign-up in Brazil amid the ongoing match-fixing scandal.

May 24, 2023

Is Strong Customer Authentication Coming To The United States?

As strong customer authentication (SCA) has become widely adopted in Europe and more countries are likely to follow, VIXIO is looking at what has been done in the US in terms of the regulation and what lies ahead.