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The Central Bank of the United Arab Emirates CBUAE has issued a new regulation to license retail payment services, part of its ongoing push to get the country re
stanley cup ady for digital payments.As Pinsent Masons notes in its analysis, the bank published the Retail Payment Services and Card Schemes RPSCS Regulation in July. It puts forth the rules for procuring and maintaining a license for retail payment services and operating a card scheme.The rule provides a one-year transitional period to allow existing payment service providers and card scheme time to acquire the proper licenses.It also says no entity can provide or promote retail payment services without a license, with the exception of exempted persons. These would typically be banks with CBUAE licenses, and even they have to notify the central bank if they plan to launch retail payment services.The regulation recognizes nine categories of digital payments: payment account issuance services; payment instrument issuances; merchant acquiring services; payment aggregation; domestic fund transfers; cross-border fund transfers; payment token services; payment initiation services; and payment account informati
stanley polska on services.According to the Pinsent Masons analysis, the regime for payme
stanley cup nts licences under the RPSCS regulation will require a considerable amount of organisational planning, as the principal business of the payment services provider PSP must align with the retail payments service for which it was granted a payments lic Cvpo Why eCommerce Loves Ohio
Follow 22 Cryptocurrencies here:
http://coinmarketcap/ .PYMNTS Bitcoin Price and Volatility index.Bitcoin Tracker | Week 21Economist and founder of Market Platform Dynamics, David Evans, released his Digital Currency Deep Dive this week, to see what makes virtual currencies so special, check out the first installment here. Evans exa
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stanley us f Bitconesque currencies to evaluate how virtual currencies vary from digital currencies, which are quite widespread and many decades old at this point.Hope you enjoy, and if you have any news youd like to share, please send it our way at contactus@pymnts.On the Plus Side 鈥itcoin prices have leveled out this week, as seen in the PYMNTS Bitcoin Price and Volatility Index, following many new updates including the addition of wearables for payment with Bitcoin. Google Glass better act fast if they want to add this payment opti
stanley termosy on to their wallet. Litecoin is coming up close behind Bitcon as an alterative and Cleveland, Ohio is the newest bustling hub where consumers can pay with Bitcoin.April 24, 2014 鈥?Xapo offers the first credit card to be linked to a Bitcoin wallet.April 24, 2014 鈥?Litecoin is now competing for space with Bitcoin; the total value of Litecoins available for use is second only to Bitcoin.April 24, 2014 鈥?A MIT group believes that Bitcoin is still the way of the future and will be hosting a symposium on Bitcoin in May.April 24, 2014 The聽Federal Election Commission聽is in the process of reviewing a req