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...
The European Banking Authority has responded to uncertainty over the application of incoming authentication rules, particularly when a third-party provider is being used.
EU legislators have thrown their weight behind plans to beef up the continent’s defences against illicit finance, with almost unanimous agreement in plenary debate on Wednesday that a stronger...
Plans to reform European anti-money laundering legislation so they take the form of regulations, rather than directives, received cautious accord among ministers on Tuesday, with the continent...
European consumer advocates have weighed in on the open banking authorisation debate, giving their two cents’ worth on contentious issues around customer consent and authentication.
A senior EU official has warned providers of dynamic currency conversion services they may have to offer better exchange rates to consumers or risk being driven out of business.
The European Commission has called on the European Banking Authority (EBA) to “make full use” of its investigatory powers and scrutinise how nearly €200bn in suspect funds was able to pass through...
A host of payment providers and industry groups have urged the European Banking Authority to rethink its stance on the “redirect” authentication model for users of third-party providers.

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