The managing director of Great Britain’s Payments Systems Regulator (PSR) is reportedly stepping down. As Bloomberg News noted in a report Saturday (June 1), Chris Hemsley’s departure comes amid rising financial industry anger over new fraud refund regulations. Hemsley will leave “imminently” following nearly five...
Australia is set to introduce legislation governing the use of Apple Pay and other digital wallets. The new rules, scheduled to be announced this week, would place this payment method under the same regulatory oversight as credit cards, Reuters reported Monday (Nov. 27). As that report noted, digital wallets...
Senators have introduced a bipartisan bill targeted at accelerating payments made by the U.S. Department of Defense (DoD) to its small suppliers, according to Sheridan Media reports. The publication said Wednesday (May 23) that Senator Ben Cardin of Maryland and Senator Mike Enzi of Wyoming...
Australian SMEs are stuck in more than $20 billion in unpaid bills from their large corporate customers, according to the latest analysis from Xero. The small business accounting company said Monday (March 27) that it estimates SMEs in the country are owed more than $20...
November 14, 2024
Visa says European regulators are investigating the fees it charges retailers. The company revealed the European Commission’s (EC) preliminary probe in its annual report Wednesday (Nov. 13). “On August 30, 2024, the EC informed Visa that it has opened a preliminary investigation into Visa’s fees charged to acquirers,” the report said. “Visa is cooperating with […]
June 02, 2024
The managing director of Great Britain’s Payments Systems Regulator (PSR) is reportedly stepping down. As Bloomberg News noted in a report Saturday (June 1), Chris Hemsley’s departure comes amid rising...
November 27, 2023
Australia is set to introduce legislation governing the use of Apple Pay and other digital wallets. The new rules, scheduled to be announced this week, would place this payment method under the...
