The Reserve Bank of India (RBI), the central bank of the country, has announced a series of new steps to boost digital payments. The steps …
Electronic payments account for 73% of all transactions in Canada December 9, 2019 Verdict Staff New York grants virtual currency licenses to Seed CX subsidiaries
The New York State Department of Financial Services (DFS) has awarded virtual currency licenses to Seed Digital Commodities Market (SCXM) and Zero Hash. Both the …
US cities seek to ban cashless stores with new legislation
The US fight against cashless technology is in full force with new legislation that could ban cashless stores. It’s a bold move against the wave …
A year on and Open Banking still has problems
It’s been a year since Open Banking launched and was supposed to take the banking world by storm. However, the movement has been fairly quiet …
China court rules Bitcoin payments as legal
The Shenzhen Court of International Arbitration in China has reportedly legalised the acceptance of Bitcoin payments by merchants in the country. According to the court’s …
New York DFS approves new virtual currency products
New York Department of Financial Services (DFS) has authorised Gemini Trust Company and Paxos Trust Company. It was authorisation to offer price-stable cryptocurrency, commonly referred …
FCA proposes rules to address APP fraud
The UK’s Financial Conduct Authority (FCA) has proposed new revisions to the complaint handling rules developed to tackle authorised push payment (APP) fraud. In APP …
Mark Carney calls for cryptocurrencies to be regulated
Bank of England Governor, Mark Carney has said that cryptocurrencies are failing as a form of money. “The time has come to hold the crypto-asset …
Customer complaints costing more than ever
Customer service is incredibly important in the financial sector. Service is not only a differentiator in a congested marketplace, but complaints are costly to resolve. …
China’s central bank to cap QR code payments
The People’s Bank of China, a central bank, is set to regulate payments through scannable codes such as QR codes and barcodes for increasing security …