Recent comments from acting Comptroller of the Currency Brian Brooks regarding a “payments charter 1.0” did not go unnoticed by the financial services community.Read More
PaymentFacilitator’s News Roundup is a curated mix of the past week’s news and articles from around the web, including company announcements, global payments news, and other coverage and analysis of topics relevant to payment facilitators.Read More
The state of Maryland recently passed legislation that will require changes to merchant processing agreements in that state. What does this mean for payment facilitators?Read More
Global card brand MasterCard has joined forces with the Central Bank of Egypt (CBE) in a shared initiative to grow consumer attraction towards digital payments.Read More
In the U.S., regulators, businesspeople and other groups are in the midst of a debate about how financial technology firms should be regulated. The OCC’s proposed special purpose national bank charter for fintech companies is one example; a white paper outlining policy objectives around the fintech sector issued by the Obama administration at the end of its term is another.
But the U.S. is hardly the only place where the deliberation over just how to oversee this rising sector is taking place. Financial technology is on the minds of governments worldwide, which signals real opportunity for payment facilitators.Read More