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Insights & Analysis

The presidency of the European Council is seeking to reshape incoming cross-border card rules radically, shifting the burden from card issuers onto acquirers offering currency conversion services,...
After sustained pressure from authorities to reveal what caused a major system outage earlier this month, Visa has revealed a “very rare” failure of a switch between data centres was to blame.
European law enforcement authorities have warned that criminals are “professionalising” card-not-present fraud, after taking action against online networks believed to have stolen more than €8m.
German authorities have been urged to relax rules around customer onboarding, with payment and fintech associations complaining that the national anti-money laundering regime discriminates against...
UK firms’ access to the Single Euro Payments Area (SEPA) scheme after Brexit remains in limbo, Brussels industry experts believe, despite optimism from legal experts that remaining members are ...
Experts have warned that the EU’s efforts to bring virtual currencies within its anti-money laundering regime will likely be out of date as soon as they come in, pointing to advances in other...
Multiple EU member states have expressed “serious concerns” with draft rules on cross-border payments and currency conversion, proposing major changes to the European Commission’s proposed text.
Just a month after the U.S. Supreme Court’s landmark decision overturning a federal ban on sports gambling, sportsbooks are already getting up and running at brick and mortar locations in Delaware...
The European Commission will require payment service providers (PSPs) to distribute information on open banking reforms to their customers, in a drive to raise awareness and adoption of the new...
The European Banking Authority (EBA) has insisted banks cannot withhold information from third-party providers if it is necessary for them to carry out payment initiation services.
The Hungarian central bank has promised to review electronic transaction fees in an attempt to push the country’s cash-dependent consumers towards digital payment methods.
Canada’s homegrown open banking initiative looks set to follow Australia and Israel in restricting access to read-only data, eschewing the payment initiation functionality introduced by European...
The European Banking Authority (EBA) has attempted to resolve conflict around third-party account access, drafting new guidelines on the standards banks’ interfaces would have to meet under...
The EU’s top banking and payments regulator has responded to confusion over impending strong authentication rules for contactless card transactions, whitelisting and exemptions based on fraud rates.
The UK’s Payment Systems Regulator (PSR) is considering action to ensure that increasing collection and use of data in the payments industry does not distort market competition or put consumers at...
Dawn raids carried out by UK competition regulators were in connection to prepaid programme management firms suspected of bid rigging, PaymentsCompliance can reveal.

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