International card schemes may face new compliance headaches in Russia after laws were passed designed to prevent them from complying with US and EU sanctions in the country’s banking sector.
Australia’s central bank has again told off banks and acquirers for failing to comprehensively roll out least-cost transaction routing for contactless debit transactions, as industry groups claim...
The Dutch central bank has become the latest regulator to offer a transition period for firms to comply with incoming EU rules on strong customer authentication (SCA) designed to tackle payment...
On August 2, 2019, the European Payment Institutions Federation (EPIF), along with the co-signatories, has published a statement to express it supports the goals of strong customer authentication ...
As Portugal’s economy continues to show signs of recovery, the country’s payment system is being transformed, driven by the transposition of the revised Payment Services Directive (PSD2) and the EU...
Europe’s largest payment providers have joined forces to ask authorities for a harmonised 18-month transition period before enforcing new security rules for online card payments.
On August 1, 2019, EMVCo announced the advancement of its testing programme to streamline the deployment and acceptance of contactless payment technologies worldwide. ...
Mastercard has won another chance to fend off a £14bn lawsuit over historical domestic interchange fees, the latest twist in the saga over what would be the UK’s largest-ever class action.
The International Monetary Fund (IMF) has backed moves to allow e-money providers to settle payments directly through central banks, touting the payments technology as a potential barrier to market...
Estonia has a reputation of being a start-up hub in Europe as the country has been at the forefront of technological developments and has been quick to adapt both to regulatory and technological...
Mastercard has joined retail groups across Europe in calling for a harmonised approach to the introduction of strong authentication, as authorities piece together strategies for phasing in the new...
The European Banking Authority (EBA) has issued a warning over potential bottlenecks in Brussels’ drive for innovation in payments, highlighting the gatekeeper role that traditional banks and card...
Royal Decree-Law 19/2018 came into force on November 25, 2018 transposing the revised Payment Services Directive (PSD2). Spain transposed the 4th Anti-Money Laundering Directive (4th AMLD) by...
The Reserve Bank of India has brushed aside pleas from global payments giants and pushed ahead with strict controls over data storage, despite suggestions from the government that it was...
On December 14, 2018, EMVCo, in line with its vision to facilitate worldwide interoperability and acceptance of secure payment transactions, released an updated version of the EMV® 3-D Secure (3DS)...
In January 2019, the Cabinet of Ministers approved legislation to bring into effect the 5th Anti-Money Laundering Directive in the country, with transposition expected to be completed by January...

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