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C|C Payments Blog

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Payments News Update – August 13, 2020

Posted  08/13/20
Legal and Regulatory Developments SPOTLIGHT: With a Compliance Deadline Looming, Technology Emerges to Ease Gas Pump EMV Digital 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...

Payments News Update – August 6, 2020

Posted  08/6/20
Legal and Regulatory Developments SPOTLIGHT: Exclusive: China's Central Bank Urges Antitrust Probe Into Alipay, WeChat Pay Reuters – 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...

Payments News Update – July 23, 2020

Posted  07/23/20
Legal and Regulatory Developments SPOTLIGHT: Open Banking for the Unbanked: How the Pandemic Is Affecting Innovation in LatAm PYMNTS – July 22, 2020 With nearly 50 percent of the Latin American population unbanked, there’s a growing appetite for mobile banking services. And the ongoing pandemic is only accelerating this trend, says Paula Arregui, chief operating officer for Mercado Pago. In the latest...

Payments News Update – July 16, 2020

Posted  07/16/20
Legal and Regulatory Developments SPOTLIGHT: UK Tightens Rules on Payments Firms in Wake of Wirecard Debacle PYMNTS – 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. The Financial Conduct Authority (FCA) said Thursday (July 9) it...

Payments News Update – July 9, 2020

Posted  07/9/20
Legal and Regulatory Developments SPOTLIGHT: Bipartisan Senate Bill Would Punish Retailers for Refusing Cash Payments CNBC – July 2, 2020 Sens. Bob Menendez, D-N.J., and Kevin Cramer, R-N.D., have introduced a bill prohibiting retailers from declining cash payments from customers, as businesses promote “contactless” digital payment as they grapple with the coronavirus pandemic. Retailers and mall owners,...

Payments News Update – July 2, 2020

Posted  07/2/20
Legal and Regulatory Developments SPOTLIGHT: EU Says Credit-Card Fee Curbs Helped Reduce Prices for Consumers Bloomberg – June 29, 2020 European Union curbs on credit and debit-card fees helped reduce prices for consumers and aided payments across the 27-nation bloc, regulators said in a report published Monday. “Interchange fees for consumer cards have decreased, leading to reduced merchants’ charges for...

Payments News Update – June 25, 2020

Posted  06/25/20
Legal and Regulatory Developments SPOTLIGHT: Apple’s Easy Ride From U.S. Authorities May Be Over Politico – June 24, 2020 The Justice Department and a coalition of state attorneys general are taking the first steps toward launching an antitrust probe of Apple, turning the iPhone-maker into the latest Silicon Valley giant to face legal jeopardy in Washington, three people involved in the discussions told...

Payments News Update – June 12, 2020

Posted  06/12/20
Legal and Regulatory Developments SPOTLIGHT: 'Fraud' Lawsuit Slams Plaid on Eve of Historic $5.3-Billion Payday RIABiz – June 9, 2020 As Plaid nears the date when it banks a $5.3 billion dollar check from Visa, it may face a final hurdle from a class action alleging its value proposition depends on a "massive invasion" of the privacy of over 200 million bank and brokerage accounts. Filed on May 5, the...
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