All posts tagged "Visa"
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249EnforcementDOJ 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 -
174Asia-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 -
212Australia & 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 -
242EuropeEuropean 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 -
4.9KContributed 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 -
1.0KChinaAmex 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 -
758Australia & 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 -
662IndiaRBI Updates Oversight Framework for FMIs, Retail Payment Systems
The framework details the oversight objectives, supervisory processes and assessment methodology the RBI will apply to financial market infrastructures and retail payment systems.
June 14, 2020 -
563China
PBOC Grants Bank Card Clearing Licence to Amex JV
American Express has become the first foreign company to receive a network clearing licence in China, which will allow it to compete with Tencent, Alipay and China UnionPay for market share.
June 14, 2020 -
1.0KFintech / RegtechTemasek Joins Libra Association as First Asia Pacific Backer
Temasek's participation in the Libra Association will allow it to contribute toward a regulated global network for cost effective retail payments.
May 17, 2020
