Senator John Ensign (R-NV) proposed a bill that would eliminate the requirement that video service providers obtain a cable franchise agreement in order to provide video service. The legislation seeks to promote inter-modal competition between telcos and cable operators by making it easier for telcos to launch video services. The proposed Broadband Consumer Choice Act of 2005 would also set federal consumer protection standards, and would assure consumer access to Internet-based phone service. "We must not allow government regulations to be an anchor on the advance of technology if we want America to lead the world in the information age," said Ensign at a Capitol Hill press conference. The full text of the proposed legislation is online (72 pages).
The rapid evolution of digital payment technologies is reshaping global financial apps, with instant payment platforms emerging as a transformative force. These innovative payment systems are streamlining transactions and also driving financial inclusion or economic growth across diverse markets. The recent worldwide market study by ABI Research provides compelling evidence of the explosive growth in instant payment transactions. Instant Payments Market Development According to ABI findings, the top eight global instant payment platforms are projected to see their transaction volumes skyrocket from 213 billion in 2023 to 681.1 billion by 2028. This remarkable growth trajectory underscores the increasing adoption and importance of instant payment solutions in our increasingly online world. One key driver is the global rise in Peer-to-Peer (P2P) payments. "Account-to-account wallets, which have seen widespread use in P2P transfers, are experiencing increased usage given their use in