The Georgia Merchant Acquirer Limited Purpose Bank (MALPB) offers a compelling alternative to traditional sponsor bank models by enabling payment processors to directly access card networks like Visa and Mastercard without...more
The first piece of major US federal legislation in the global digital assets space was signed into law on July 18, 2025, by President Trump.1 Declared by President Trump as positioning the United States to be the “crypto...more
Upcoming global developments for the payment sector -
Asia -
1. Hong Kong: Launch of Phase 2 of the e-Hong Kong Dollar Pilot Programme -
On September 23, 2024, the Hong Kong Monetary Authority (HKMA) announced the...more
10/24/2024
/ Asia ,
Banking Sector ,
Banks ,
Digital Currency ,
EU ,
European Central Bank ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Financial Regulatory Reform ,
Hong Kong Monetary Authority (HKMA) ,
Payment Systems ,
Risk Management ,
UK ,
United States
On October 21, 2021, the CFPB sent orders to Amazon, Apple, Facebook, Google, PayPal, and Square requiring them to provide information about their current and planned payments products, practices, and data collection and...more
1/26/2022
/ Advertising ,
Apple ,
Behavioral Advertising ,
Big Tech ,
Consumer Financial Protection Bureau (CFPB) ,
Data Collection ,
Dodd-Frank ,
Facebook ,
FinTech ,
Google ,
Payment Systems ,
PayPal ,
Popular ,
Regulatory Agenda
The Board of Governors of the US Federal Reserve announced in August 2019 that it will develop a new 24x7x365 real time gross settlement (RTGS) system called FedNow. The new system will allow near-instant settlement of...more
After six years of deliberation, the Federal Reserve announced on Monday that it will develop a new interbank real-time gross settlement (RTGS) system. The Fed expects the system, called FedNow, to be operational in 2023 or...more
On March 24th, the United Kingdom’s Payment Systems Regulator (PSR) issued final guidance establishing interchange fee caps on credit and debit card transactions where the point of sale is located in the United Kingdom. The...more