Antitrust Group

Payments News Update -- August 14, 2019

Legal and Regulatory Developments SPOTLIGHT: UK's Financial Conduct Authority to Delay PSD2's SCA, FT Reports The Paypers – August 8, 2019 The UK’s Financial Conduct Authority is set to delay enforcement of PSD2’s SCA by more than 18 months, after warnings that the rules would threat online sales. Strong customer authentication (SCA) rules, which are due to be introduced in September 14, 2019, require...

The Antitrust Week In Review

Here are some of the developments in antitrust news this past week that we found interesting and are following. Japan's FTC investigating Apple over pressure on parts makers: Mainichi. Japan’s Fair Trade Commission is investigating Apple Inc over its pressure on Japanese parts makers and whether it abused its power in violation of antimonopoly rules, the Mainichi newspaper reported on Tuesday. The investigation...

Payments News Update -- August 7, 2019

Legal and Regulatory Developments SPOTLIGHT: It’s Official: The Fed Is Jumping Into Real-Time Payments With FedNow Digital Transactions News – August 5, 2019 Ending months of speculation, the Federal Reserve confirmed Monday it will launch a real-time payments service by 2023 or 2024. The banking regulator, which also published Monday a notice in the Federal Register outlining its plan and requesting...

Payments News Update -- July 31, 2019

Legal and Regulatory Developments SPOTLIGHT: Visa and Kroger Settle Debit-Routing Lawsuit, but Partial Credit Card Boycott Continues Digital Transactions News – July 31, 2019 The Kroger Co. and Visa Inc. have settled a 2016 federal lawsuit in which Kroger alleged Visa interfered with its transaction-routing plans for EMV debit cards, Digital Transactions News has learned. In a separate dispute, however, the...

Payments News Update -- July 24, 2019

Legal and Regulatory Developments SPOTLIGHT: US Reps, Senators Present Faster Payments Legislation PYMNTS – July 24, 2019 To reinforce the Federal Reserve’s authority to create a real-time payments system and mandate that the Fed brings about its own process, two U.S. representatives and two U.S. senators have introduced the Payment Modernization Act of 2019. The legislation was brought forward...

Payments News Update -- July 17, 2019

Legal and Regulatory Developments SPOTLIGHT: How Digital Banks Are Breaking up Latin America's Finance Monopolies OZY – July 11, 2019 Gabriela Franco clutches her phone, frustrated. Her bank in São Paulo is on the other end. She needs to wire money right away to a separate account at her bank. But the representative is telling her she has “to be there — like, physically — at the bank in São Paulo to...

The Antitrust Week In Review

Here are some of the developments in antitrust news this past week that we found interesting and are following. U.S. regulators approve $5 billion Facebook settlement over privacy issues: source.  The U.S. Federal Trade Commission approved a roughly $5 billion settlement with Facebook Inc. this week over its investigation into the social media company’s handling of user data, a source familiar with the situation...

The Antitrust Week In Review

Here are some of the developments in antitrust news this past week that we found interesting and are following. U.S. judge blocks Qualcomm effort to put antitrust ruling on hold.  A U.S. judge on Wednesday ruled against Qualcomm Inc.’s effort to block the implementation of a sweeping antitrust ruling against it as the mobile chip supplier pursues an appeal that could take more than a year to wind through the...