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The legislation includes a beneficial owner requirement and steps to study the utility of industry reporting, but avoids relieving banks’ burden to file data on suspicious transactions.

2019 has already seen billions of dollars in fintech M&A. The deals have come at a rapid enough pace that acquirers are often buying companies that are still absorbing deals of their own.

European mobile wallet providers Bluecode, ePassi, Momo pocket, Pagaqui, Pivo, and Vipps are working together with China's Alipay for the first time to promote a unified, interoperable QR code that would connect Europe's current fragmented mobile payment landscape.

The social network's GlobalCoin has the audience to be a huge currency but it may not deliver on the concept of decentralization that underpins the cryptocurrency industry, contends Richard Dennis, founder and CEO of temtum.

The information the Consumer Financial Protection Bureau collects about customer problems can be valuable, but analysts need to move past the headline numbers.

Treasury Secretary Steven Mnuchin was adamant that the Trump administration won’t just let Fannie and Freddie build up their capital buffers and then release the companies. He also said he backed an explicit government guarantee, something only Congress can do.

Despite tension between the U.S. and trading partners, bank are doing booming business in financing cross-border commerce; some Republican lawmakers are getting antsy at the pace of rollbacks for bank regulations, and are pushing regulators for a sense of urgency.

Targeting consumers with poor or thin credit, Amazon is offering a secured card with rewards on par with those offered to mainstream cardholders.

The information you need to start your day, from PaymentsSource and around the Web. Today: Walmart boosts delivery technology; MoneyGram partners with Canada's post office; More automation for Singapore's transit; Vancouver cracks down on bitcoin ATMs.

The payments space is expected to see continued consolidation, new fraud patterns and more contactless cards for the second half of 2019.