PYMNTS-MonitorEdge-May-2024

payments regulation

State Supreme Court Revives NY Payroll Card Regulation Efforts
State Supreme Court Revives NY Payroll Card Regulation Efforts
July 24, 2018  |  B2B Payments

New York’s years-long payroll card regulation saga took an unexpected turn recently when the New York State Supreme Court annulled a previous appellate court ruling,...

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Virtual Cards Run Into Payroll Card-Like Legal Troubles
Virtual Cards Run Into Payroll Card-Like Legal Troubles
July 17, 2018  |  Legal

In recent years, payroll cards have run into controversy as lawsuits and lawmakers scrutinize fees that often come with the tool. Employees hit with costs...

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Bank Of England Opens Settlement System To Blockchain
Bank Of England Opens Settlement System To Blockchain
June 26, 2018  |  B2B Payments

England’s central bank is taking a significant step in support of blockchain technology with a decision to open its real-time gross settlement (RTGS) system to...

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Singapore’s PayNow To Include Corporate Payments Service
Singapore’s PayNow To Include Corporate Payments Service
June 25, 2018  |  B2B Payments

Singapore’s PayNow is entering into the world of corporate payments. Reports in Vulcan Post said PayNow, developed by the Monetary Authority of Singapore to reduce...

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WorldFirst May Beat PayPal In Securing China Payment License
WorldFirst May Beat PayPal In Securing China Payment License
June 18, 2018  |  B2B Payments

China will reportedly allow payments company WorldFirst to enter its financial services market, making the U.K.-based company the first foreign firm to do so. Reports...

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Russia Prepares For SWIFT Exit With Blockchain
Russia Prepares For SWIFT Exit With Blockchain
June 16, 2018  |  B2B Payments

Russia’s corporate treasurers are working with the nation’s central bank on a blockchain initiative, reports in CoinDesk said Friday (June 15). The Russian Association of...

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The UK’s Damning Carillion Report: The Spark For Change, Or An Unanswered Call?
The UK’s Damning Carillion Report: The Spark For Change, Or An Unanswered Call?
May 17, 2018  |  B2B Payments

The U.K. government released its report into the Carillion fiasco and it’s damning, to say the least – though not unexpected. Since the collapse of...

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Bank Of England Consolidates Bacs, Faster Payments
Bank Of England Consolidates Bacs, Faster Payments
May 02, 2018  |  B2B Payments

Two U.K. payment systems have been merged into one by the Bank of England in an effort to boost competition in the financial services space,...

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UK Official Calls For Late B2B Payment Fines
UK Official Calls For Late B2B Payment Fines
April 27, 2018  |  B2B Payments

U.K. officials continue their fight against late B2B payments, with Small Business Commissioner Paul Uppal now calling on the government to fine companies that pay...

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