Authorities in Europe appear to be inching closer to a compromise on incoming strong authentication rules, following sustained warnings the reforms cannot be met in time for September’s deadline.
Industry groups are pressing regulators on whether incoming strong customer authentication rules can be delayed, arguing the drip-feed of guidance has created a “bottleneck” and left firms unable...
Lithuania’s regulator will consult further on going beyond the scope of the revised Payment Services Directive (PSD2) to provide broader access to data, after strong support from the industry.
Rumours are swirling that European authorities may be persuaded to extend September’s deadline for demanding and controversial new security rules. However, firms hopeful the reforms will be phased...
UK industry insiders have defended the slow uptake of new open banking offerings, saying that the underlying regulatory reforms are still bedding in and insisting the issue cannot be properly...
A European politician has backed a group of third-party providers concerned that banks are planning to restrict emergency account access once major reforms take effect in September.
Banking groups with a presence in multiple European countries can share data from application programming interface (API) testing across separate legal entities, regulators have confirmed.
European industry experts have dismissed suggestions that uptake of third-party providers (TPPs) will be hampered by a lack of fraud protections compared to transactions by card.
Visa is introducing new scheme rules that require retailers to keep transaction abandonment rates below a 5 percent threshold, a senior company figure has said.
The EU’s top payments regulator has stepped into a row between member states over supervision of firms passporting across national borders, taking a relatively tough stance on the controversial...
An influential industry group has said EU-wide controls on interchange fees have failed to inject competition into the payments sector, urging the European Commission to narrow its focus to card...
A UK court has blocked a potential judicial review against the Financial Conduct Authority (FCA), dismissing claims it failed in its duty to regulate online marketplaces under payment services laws.
Regulators have confirmed that EU financial firms operating in different member states must handle two sets of fraud rate data — at country level and company level — despite concerns from banking...
Nearly a quarter of online card payments subject to 3D Secure checks are abandoned during checkout, researchers have claimed, prompting concerns about the impact of incoming strong authentication...
A group of European banks have signed a joint letter to authorities expressing concerns about new fraud reporting requirements, citing the risk of divergence between member states and planned...
The head of the French central bank has called for a new European-centric strategy for regulating payment services in the digital age, not least to ward off the threat of technology giants from...
Authorities in Denmark took enforcement action against 45 businesses last year for breaching EU-wide rules on card payment surcharging, the country’s competition regulator has revealed.
A three-year investigation into whether Norwegian banks were unlawfully blocking third-party provider Trustly has come to an end, after the authority closed the case without making a judgment...
Financial services and trade experts believe the vast majority of UK firms are finally prepared for life after Brexit, having been forced by ongoing political uncertainty to put emergency market...
Banks in France will need to begin testing application programming interfaces (API) for third-party access within the next two weeks or face having to build a second fallback mechanism, regulators...

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