On December 4, 2018, the European Banking Authority (EBA) published final guidelines on the conditions that account servicing payment service providers (ASPSPs) must meet to be exempted from the...
Banks will need to “provide evidence” to their national regulator that access interfaces do not provide obstacles to third parties, according to final guidelines issued this week by the European...
The European Commission has been asked to decide whether card transactions can be deemed “initiated by the payee”, and therefore exempt from incoming authentication rules, with the outcome set to...
The European Banking Authority is contemplating its response to a series of recommendations issued this month by the API Evaluation Group, as firms sweat over meeting tight deadlines for...
France’s central bank is confident that financial institutions in the country will readily meet the EU deadline for having their application programming interfaces (APIs) approved once long-awaited...
European banking groups are encouraged to take on board conclusions reached by the Brussels-based API Evaluation Group, even if some of its recommendations are not based on legal requirements.
The Danish national regulator was on Wednesday accused of actively aiding Danske Bank as the business struggled to contain revelations about its recent money laundering scandal by the whistleblower...
The European Commission has revealed it is looking into whether action could be taken on authorised push payment fraud, particularly as parallel regulatory initiatives seek to boost instant account...
The European payments industry is split on how a “whitelist” of trusted payees will work for third-party providers once new security rules take effect next September.
A European parliamentary committee has published a document restating calls for greater anti-money laundering (AML) enforcement at the supranational level, decrying findings of fractured and...
A Brussels-based cross-industry group has issued its long-awaited final recommendations for the functionality that banks’ application programming interfaces (APIs) should offer if they are to gain...
On November 8, 2018 the European Commission adopted an opinion requiring the Maltese Financial Intelligence Analysis Unit (FIAU) to continue taking additional measures to fully comply with its...
On November 8, 2018 the Joint Committee of the three European supervisory authorities (EBA, EIOPA and ESMA; collectively ESAs) published a consultation paper on draft joint guidelines on...
European payments experts have suggested that banks building application programming interfaces (APIs) should consider creating a better authentication process than provided by their customer...
European payments and retail groups have pleaded with authorities to let them use a payer’s card details as one of two authentication factors for an online transaction, at least for a temporary...
A paper from a think tank has suggested that it is uneven and inconsistent application of EU rules by member states, rather than the stricter requirements, that have created the most significant...

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