All posts tagged "Visa"
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148Australia & NZACCC Authorises Amalgamation of BPAY, eftpos, NPPA
The ACCC said the merger will enable the three payment schemes to coordinate investment proposals, avoid duplicative spending, and likely result in public benefit.
September 15, 2021 -
130Australia & NZRBA Asked to Require Banks to Provide Least-cost Routing Options
Treasurer Josh Frydenberg has asked the RBA to consider mandating the issuance of dual-network debit cards for major and medium-sized banks.
September 3, 2021 -
139IndiaRBI Says Only Visa Complies With Data Localisation Rules
Visa is the only foreign card network that complies with requirements for financial data on Indian customers to be stored locally, the RBI says.
August 19, 2021 -
428Enforcement
DOJ to Probe Visa Over Debit Card Routing Practices
Visa is alleged to have engaged in anti-competitive practices by preventing merchants from routing payments through other card networks.
March 25, 2021 -
291Asia-PacificPhilippine SEC Launches New Online Payments System
The 'SEC Payment Portal' allows for the payment of registration fees, penalties and other fees using other cashless payment options.
March 13, 2021 -
341Australia & NZ
ACCC Accepts Visa Commitment to Address Competition Concerns
Visa is legally bound to ensuring that merchants will not pay higher processing costs if they process debit card payments through eftpos rather than the Visa network.
March 12, 2021 -
279EuropeEuropean Banks Push Ahead with Payments Network Plans
The European Payments Initiative, launched last July, could have a new pan-European payments network in place by 2025.
March 2, 2021 -
5.6KContributed ArticleWirecard: The Biggest FinTech Success and Failure Story of All Time
Wirecard will be a compliance and audit training reference point for years to come, says compliance expert Oonagh van den Berg, recounting the warning signs in the years-long lead up to its collapse.
September 18, 2020 -
1.1KChinaAmex Joint Venture Commences Card Clearing Operations in China
The joint venture has launched bank card clearing services in partnership with 16 commercial banks, three mobile payment platforms, and nonbanking payment services providers.
September 3, 2020 -
808Australia & NZWestpac to ‘Proactively’ Switch Merchants to Least Cost Routing
The RBA has signalled it was considering taking regulatory action to force banks to move faster in moving merchants from Mastercard and Visa to lower cost networks.
August 6, 2020
