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12 Nov 2020, 7:24 am by Kristian Soltes
Such accusations are similar to the monopolization claims the DOJ is pursuing against Alphabet Inc. [read post]
5 Nov 2020, 7:35 am by Kristian Soltes
’s V 2.65% $5.3 billion deal to acquire Plaid Inc., a key player in the financial-technology space. [read post]
29 Oct 2020, 7:36 am by Kristian Soltes
JPMorgan Creates New Unit for Blockchain Projects, Says the Technology Is Close to Making MoneyCNBC – October 27, 2020 JPMorgan Chase said its digital currency, JPM Coin, is being used commercially for the first time this week by a large technology client to send payments around the world. [read post]
22 Oct 2020, 7:06 am by Kristian Soltes
Samsung Sued for Infringing Contactless Payment PatentsLaw Street Media – October 19, 2020 RFCyber Corp. filed a complaint for patent infringement against defendants Samsung Electronics Co., Ltd. and Samsung Electronics America, Inc. on Friday in the Eastern District of Texas, alleging that Samsung infringed its contactless payment method via its Samsung Pay service on its mobile devices. [read post]
16 Oct 2020, 9:00 am by Kristian Soltes
The global pandemic has further accelerated the decline of cash, forcing the Government’s hand to introduce new rules to ensure that cash remains available for those who prefer it to digital alternatives. [read post]
15 Oct 2020, 9:00 am by Kristian Soltes
The global pandemic has further accelerated the decline of cash, forcing the Government’s hand to introduce new rules to ensure that cash remains available for those who prefer it to digital alternatives. [read post]
8 Oct 2020, 8:56 am by Kristian Soltes
Nacha Amends ACH Rules in the Face of New ‘Channels’ and ‘Technologies’ for PaymentsDigital Transactions News – October 2, 2020 Nacha has approved eight amendme [read post]
California met the 33% renewable generation goal two years early prompting the Legislature to modify renewable targets on an accelerated schedule for all future procurement deadlines. [read post]
13 Aug 2020, 6:59 am by Kristian Soltes
Legal and Regulatory Developments SPOTLIGHT: With a Compliance Deadline Looming, Technology Emerges to Ease Gas Pump EMVDigital Transactions News – August 7, 2020 Sound Payments Inc., a multichannel technology provider that offers point-of-sale solutions for the petroleum industry, expects its partnership with National Retail Solutions, a subsidiary of IDT Corp., to accelerate adoption of EMV at in-pump card readers among independent gas stations… [read post]
30 Jul 2020, 7:14 am by Kristian Soltes
To preserve network competition in a market dominated by Visa Inc. and Mastercard Inc., the amendment also required issuers to make at least two unaffiliated debit networks available to merchants for transaction routing. [read post]
23 Jul 2020, 7:22 am by Kristian Soltes
In January, Visa Inc. said it would acquire San Francisco-based Plaid Inc. for a robust $5.3 billion, wrapping the fintech company’s technology that allows users to easily connect their financial accounts with thousands of online applications into the payment processor’s global business. [read post]
3 Jul 2020, 6:43 am by Florence Campbell Jones
The Law Decree No. 23 of 2020 (“Decree”) expands the scope of the Golden Power rule to additional strategic sectors including financial, credit, insurance and critical technologies in addition to  national defence and security, 5G technology, energy, transport and communications. [read post]
25 Jun 2020, 8:00 am by Kristian Soltes
Bank authorities requested that Mastercard Inc. and Visa Inc. stop payment and money transfer activities through the app. . . . [read post]
21 May 2020, 8:47 am by Kristian Soltes
The watchdog is also interested in developments of cloud and blockchain technology, and e-wallets and crypto-assets. . . . [read post]
24 Apr 2020, 11:33 am by Richard Altieri, Benjamin Della Rocca
Weltover, Inc., the Supreme Court ruled that an action of a foreign sovereign has a “direct effect” only when the effect “follows as an immediate consequence of the defendant’s ... activity. [read post]