EU Parliament votes for capping of interchange fees
March 11th, 2015
The European Parliament has voted for a regulation to cap interchange fees for consumer debit and credit card payments. The regulation was drafted by the European Commission and is intended to reduce fees for the usage of card payments. Both European ...
UK – Offshore Tax Disclosures – Use The LDF while you can
March 9th, 2015
Tax authorities around the globe are increasingly working together to fight tax evasion and aggressive tax avoidance to collect more tax. In the UK, HMRC is geared up to take full ...
Citi and MasterCard Sign New Global Agreement That Expands Relationship
March 4th, 2015
Citi to Align Majority of Consumer Proprietary Credit and Debit Portfolios to MasterCard Citigroup (NYSE: C) and MasterCard (NYSE: MA) announced today that the companies have signed a new and expanded 10-year agreement. Citi will begin aligning the company’s ...
Events – Conferences – Seminars
February 26th, 2015
Stay updated with coming Live Events, Conferences and Seminars for Forex Market, Accounting, Legal Banking and in general on Business, Finance and Investments
Advanced Payment Solutions (APS) links up with Post Office to become the first FinTech non-bank to offer banking services through its network
February 24th, 2015
APS Cashplus account holders can now access real time banking services through the Post Office’s 11,500 branches Advanced Payment Solutions, a leading FinTech player and alternative provider to traditional banks is announcing today a link up with the Post ...
Banks to allow account access using fingerprint tech
February 18th, 2015
Two banks are allowing their customers to access accounts on their smartphones using fingerprint recognition technology, in a UK industry first. RBS and NatWest customers must activate the feature with their security information, but would only need to use ...
The Federal Reserve Bitcoin Strategy
January 28th, 2015
This morning The Federal Reserve Bitcoin Strategy was released in a paper outlining multiple options for improving the U.S. payment system. In the past, Digital currency had been deemed too immature. Now, after pressure from private sector interests, the ...
BITCOIN NEWS IN REVIEW: MASTERCARD, MINING DIFFICULTY, SILK ROAD, AND MORE
December 9th, 2014
“For Everything Else, There’s Bitcoin” This week, payments company MasterCard argued for tighter regulations against bitcoin in Australia. According to MasterCard, “Any regulation adopted in Australia should address the anonymity that digital currency provides to each party in a ...
Australia probes bitcoin crime links as currency craves legitimacy
December 3rd, 2014
A top Australian law enforcement agency is investigating bitcoin’s role in organized crime, a senior official said, just as politicians and financial regulators embrace the digital currency as a legitimate part of modern business. The investigation into bitcoin’s crime ...
Bitcoin Fund Manager Faces HSBC Account Closure
December 2nd, 2014
Global Advisors, a firm based in Jersey that manages the first regulated bitcoin fund, has been served notice by its bank, HSBC. The firm said it received a notice from HSBC indicating that the company’s bank account would be ...
