Search for: "Kristian Soltes" Results 41 - 60 of 84
Sorted by Relevance | Sort by Date
RSS Subscribe: 20 results | 100 results
9 Jul 2021, 10:11 am by Kristian Soltes
Legal and Regulatory Developments SPOTLIGHT: Clash Over Debit Card Routing Persists In Comments to FedPayments Dive – July 8, 2021 Clashing comments have gushed into the Federal Reserve in the past two months over its proposal to clarify rules on the routing of debit card transactions, and they show familiar battle lines being drawn. [read post]
15 Oct 2021, 9:17 am by Kristian Soltes
Legal and Regulatory Developments SPOTLIGHT: European Banks Debate Rival to US Payment GiantsPolitico EU – September 30, 2021 Europe’s biggest banks will decide if it’s in their interests to take on the U.S. payment duopoly of Mastercard and Visa as soon as next month, as political pressure grows to break American dominance in this space. [read post]
6 Aug 2020, 7:14 am by Kristian Soltes
Legal and Regulatory Developments SPOTLIGHT: Exclusive: China’s Central Bank Urges Antitrust Probe Into Alipay, WeChat PayReuters – August 6, 2020 China’s top antitrust agency is looking at whether to launch a probe into Alipay and WeChat Pay, prompted by the central bank which argues the digital payment giants have used their dominant positions to quash competition, sources with knowledge of the matter said. [read post]
11 Jun 2021, 9:20 am by Kristian Soltes
Legal and Regulatory Developments SPOTLIGHT: A Surcharging Bill Advances to the Colorado Governor’s DeskDigital Transactions News – June 9, 2021 Soon, there might be just two states that prohibit credit card surcharging with the passage Tuesday of a bill in Colorado that would permit the pricing strategy. [read post]
18 Jun 2021, 8:16 am by Kristian Soltes
Legal and Regulatory Developments SPOTLIGHT: Lina Khan, Prominent Big Tech Critic, Will Lead the FTCNPR – June 15, 2021 President Joe Biden has named Lina Khan as the chairwoman of the Federal Trade Commission, giving the regulatory authority’s top spot to one of Silicon Valley’s most prominent critics. [read post]
11 Nov 2021, 10:36 am by Kristian Soltes
Legal and Regulatory Developments SPOTLIGHT: If You Use Venmo, PayPal or Other Payment Apps This Tax Rule Change May Affect YouCNN – November 9, 2021 If you’re among the millions of people who use payment apps like PayPal, Venmo, Square, and other third-party electronic payment networks, you could be affected by a tax reporting change that goes into effect in January. [read post]
23 Jul 2020, 7:22 am by Kristian Soltes
Legal and Regulatory Developments SPOTLIGHT: Open Banking for the Unbanked: How the Pandemic Is Affecting Innovation in LatAmPYMNTS – July 22, 2020 With nearly 50 percent of the Latin American population unbanked, there’s a growing appetite for mobile banking services. [read post]
11 Feb 2021, 8:10 am by Kristian Soltes
Legal and Regulatory Developments SPOTLIGHT: Big Banks, Big Tech Face off Over Swipe FeesAmerican Banker – February 7, 2021 The fees generated from consumers’ debit card spending have long been a source of acrimony between big banks and retailers. [read post]
3 Dec 2021, 9:49 am by Kristian Soltes
Legal and Regulatory Developments SPOTLIGHT: 6 Ways the EU’s Digital Markets Act Will Change Big TechPYMNTS – November 29, 2021 The European Union’s Digital Markets Act is coming, and Big Tech will never be the same. [read post]
16 Oct 2020, 9:00 am by Kristian Soltes
Legal and Regulatory Developments SPOTLIGHT: 10 Ways Fintech, Payments Are on the Ballot in the 2020 House ElectionPaymentsSource – October 11, 2020 As the House of Representatives enters the 2020 election season, the outcome stands to encourage or rein in a group of technology companies that are encroaching deeper into financial services. [read post]
16 Jul 2020, 9:23 am by Kristian Soltes
Legal and Regulatory Developments SPOTLIGHT: UK Tightens Rules on Payments Firms in Wake of Wirecard DebaclePYMNTS – July 9, 2020 The United Kingdom’s financial regulator has toughened rules on payment companies less than two weeks after Wirecard AG’s collapse locked millions of customers out of their accounts, the Financial Times reported. [read post]
14 May 2021, 7:51 am by Kristian Soltes
Legal and Regulatory Developments SPOTLIGHT: A Fed Report on Debit Costs Could Fuel a Movement to Reduce a Decade-Old Fee CapDigital Transactions News – May 10, 2021 Pressure may be building on the Federal Reserve to take action on a debit card interchange-fee regulation that it has left intact for 10 years despite sweeping changes in the payments business, including an onrush of e-commerce transactions over the past year. [read post]
18 Feb 2021, 9:15 am by Kristian Soltes
Legal and Regulatory Developments SPOTLIGHT: Feds Probing American Express’ Business, Consumer Card Sales PracticesThe Hill – February 12, 2021 American Express disclosed on Friday that several federal agencies are probing its sales practices for its small business credit cards and consumer cards. [read post]
26 Aug 2021, 8:58 am by Kristian Soltes
Legal and Regulatory Developments SPOTLIGHT: Outgoing NY Governor Signs Bill to Limit Overdraft Practices at State-Chartered BanksBanking Dive – August 20, 2021 New York Gov. [read post]
13 Aug 2021, 8:15 am by Kristian Soltes
Legal and Regulatory Developments SPOTLIGHT: Merchants Redouble Their Efforts to Push the Fed on Debit’s Routing and Pricing RulesDigital Transactions News – August 11, 2021 With a Federal Reserve deadline hitting Wednesday for comments on decade-old debit card regulations, large merchants are firing some last-minute salvos in hopes of influencing the Fed to make major revisions to rules governing transaction routing and pricing. [read post]
30 Jul 2020, 7:14 am by Kristian Soltes
Legal and Regulatory Developments SPOTLIGHT: Durbin Asks Fed Chairman for ‘Appropriate Enforcement Action’ Involving Debit Card Transaction RoutingDigital Transactions News – July 28, 2020 (click here for Sen. [read post]
1 Oct 2021, 8:47 am by Kristian Soltes
Legal and Regulatory Developments SPOTLIGHT: Alibaba Apps Start Offering WeChat Pay Option After Government OrdersReuters – September 28, 2021 China’s Alibaba Group Holding Ltd has begun offering payment services from Tencent Holdings Ltd’s WeChat on a number of its apps, after the government ordered major tech firms to stop blocking each other’s services and links. [read post]
9 Jul 2020, 7:24 am by Kristian Soltes
Legal and Regulatory Developments SPOTLIGHT: Bipartisan Senate Bill Would Punish Retailers for Refusing Cash PaymentsCNBC – July 2, 2020 Sens. [read post]
14 Jan 2021, 9:14 am by Kristian Soltes
Legal and Regulatory Developments SPOTLIGHT: Visa Will Not Acquire Plaid After Running Into Regulatory WallTechCrunch – January 12, 2021 Visa and Plaid called off their agreement this afternoon, ending the consumer credit giant’s takeover of the data-focused fintech API startup. [read post]