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After N.Y. Makes ‘BitLicense’ Official, Focus Moves to Who’s Next
New York’s financial services regulator revealed its final version of a new digital currency regulatory framework Wednesday, but a big question already is whether the effort will get replicated in other states.  more »
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Benjamin Lawsky, superintendent of the New York Department of Financial Services
Departing New York state regulator Benjamin Lawsky revealed the final version of the BitLicense, the regulatory framework for digital currency businesses his department has developed over the past 18 months. more »
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The Federal Reserve Board on Friday announced the appointment of a senior official at the Federal Reserve Bank of Chicago to lead the central bank’s efforts to improve the national payments system. more »
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As the deadline nears for U.S. EMV adoption, more processors are partnering up to help their clients speed through the certification process. more »
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Merchants expect that payment card fraud will migrate to e-commerce as the U.S. gets more protection at the physical point of sale through EMV chip cards. That means chargebacks, already a problem in physical retail, will escalate in e-commerce as well. more »
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The state has moved against the Embassy Suites hotel chain after one of its hotels was breached, affecting about 17 customers. more »
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California officials are considering a wide range of options to regulate digital currencies such as Bitcoin. more »
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The Federal Reserve Board is taking public comment on whether to require member banks to move to same-day payments after an industry group voted to mandate faster payments among the nation’s 12,000 financial institutions. more »
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ATMs have long been a target of fraudsters hoping to steal a large amount of card data from unsuspecting consumers, and the problem looks like it can only get worse before it gets better. more »
Ryan McInerney, Visa's president
Visa Inc. isn't expecting a near-term financial boost from processing domestic card transactions in China, even though the doors have finally opened up to do business in the massive Chinese market. more »
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It took a long time, but the U.S. banking industry has finally embraced the concept of speedier payments. more »
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The Consumer Financial Protection Bureau has cited PayPal for illegally signing up consumers for online credit. more »
Janet Estep, Nacha's president and CEO
The plan calls for the implementation of two new same-day settlement windows by March 2018. Fees that banks and credit unions will pay each other to cover the cost of the upgrades have been decreased. more »