Insights

Retailers will not be able to refuse cash payments in New York if Governor Kathy Hochul signs off on legislation that has passed both houses of the state legislature.

This report is the third installment in a four-part series analyzing the RPAA and identifying key components of the law that PSPs should consider when doing business in Canada. This report focuses on the requirement to safeguard end-user funds.

Despite the US leadership pushing for an increasingly deregulated financial services market, some payments players and politicians in Europe are adamant that standards being watered down is not the way to boost growth.

The Finnish Financial Supervisory Authority (FIN-FSA) has fined LocalBitcoins over anti-money laundering and counter-terrorism financing (AML/CTF) failures, citing widespread deficiencies in customer due diligence and identity verification.

The role of the US Consumer Financial Protection Bureau (CFPB) as a hands-off regulator within the second Trump administration is becoming clearer, following a significant withdrawal of agency guidance.

Proposed legislation to regulate earned wage access (EWA) in the US state of Connecticut is restrictive and could limit consumers' access to financial products, a payments industry body has warned.

Aiming to reduce the compliance burden, Poland’s financial regulator has made a variety of proposals to the EU that would soften elements of key regulations affecting the payments and crypto industries.

The Instant Payments Regulation ( Regulation (EU) 2024/886 - IPR) came into effect in April 2024 across the European Union to make instant payments in euro fully available to consumers and businesses throughout the EU. The digitalisation of the global economy has increased the demand for instant payment services that are available at all times. To keep up with the increased demand, the IPR aims to accelerate the rollout of instant payments in Europe and covers credit transfers denominated in euro within the EU.

New rules mean that virtual currency kiosks, or BTMs, must implement a range of anti-fraud measures to operate in the US state of Wisconsin, in a sign that lawmakers are focusing on fraud in this area.

The UK’s Financial Conduct Authority (FCA) has cancelled Fidelity Payment Services Limited’s registration as a small payment institution (SPI), citing the firm’s failure to conduct any payment activities since its authorisation in 2016.