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Delaware Gov. Pledges 'Balanced' Approach to Blockchain Regulation
The state of Delaware is looking to avoid prescriptive regulations when it comes to supervising blockhain companies, but instead be mindful of how the industry actually works, Gov. Jack Markell said Monday.  more »
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American Express Co. shareholders rejected a proposal that would have pressed the credit-card issuer to name an independent board chairman by a narrower margin than a year earlier. more »
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Many organizations handling payment card data do not have the technology in place to simplify the complex process of compiling quarterly testing results now required by the Payment Card Industry data security standards. more »
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PayPal Holdings Inc. said federal regulators are investigating the company's Venmo free peer-to-peer payment service in connection with potential unfair trade practices. more »
"There is still time on the clock so we are going to play and play hard until the rule is final and try and find a workable compromise," said Chuck Harris, president of prepaid card manager NetSpend.
The prepaid card industry is ramping up its advocacy efforts on Capitol Hill as the Consumer Financial Protection Bureau readies a final rule targeting such products. more »
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Multi-factor authentication will be required for administrative access to card data and systems for Payment Card Industry data security compliance this week. more »
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A week after saying they were less than a year away from testing a real-time payments network in the U.S., The Clearing House and FIS have submitted a proposal about the system to the Federal Reserve's Faster Payments Task Force. more »
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If the EMV chip-card migration in the U.S. taught the payments industry anything, it's that some players meet compliance deadlines, while others let them slip by. more »
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The Society for Worldwide Interbank Financial Telecommunication (Swift) has created a service to help financial institutions comply with requirements governing payments messaging. more »
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If merchants in the U.S. took a cue from their counterparts in Australia and began making consumers pay a surcharge for credit card transactions, it would attract more backlash than revenue. more »
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Visa Inc. recently established a 12-year lifecycle for EMV chips in payment cards, and CPI Card Group is among the first card manufacturers to enact the new policy, eliminating the need for issuers to get EMV chips in Visa cards approved every three years. more »
Bloomberg News
A plan by GOP presidential front-runner Donald Trump to ban illegal immigrants from sending money to Mexico is an "absurd proposal" that isn't just "bad foreign policy, this is bad banking policy," said one top industry representative.
Banking industry representatives immediately raised significant questions about Donald Trump's plan to block remittances to Mexico, including the appropriateness of using financial institutions as a tool to carry out immigration policy, as well as how the policy would be executed. more »
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PayPal Holdings Inc. is scrapping plans to build an operations center in Charlotte, North Carolina, saying that recent legislation passed in the state undercuts the rights of lesbian, gay, bisexual and transgender people. more »