The UK’s Financial Conduct Authority (FCA) has formally agreed to grant payment providers an additional 18 months to comply with new strong authentication rules.
UK firms are hoping to seize on regulators’ increasing leniency around incoming strong customer authentication (SCA) reforms, seeking further flexibility on contactless card transactions.
In its final plea for leniency on September’s strong authentication reforms, industry group UK Finance has requested an 18-month transition period — with a six-month carve out for issuers...
The UK’s Financial Conduct Authority (FCA) has decided to give banks and third-party providers an additional six months to meet incoming requirements on account access, after concerns that a lack...
Ireland’s payments regulator has become the latest authority to confirm it will delay the enforcement of incoming EU rules on strong customer authentication (SCA), as it called for a collective EU...
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...
Uncertainty about when national authorities will start enforcing EU-wide strong authentication rules risks causing a stalemate over customer communications, industry figures have said.
Major banks and payment providers are in talks with the Dutch central bank over delaying enforcement of incoming strong customer authentication (SCA) rules, taking inspiration from existing...
Italy has become the latest EU member state to acknowledge the European Banking Authority’s flexibility on enforcing incoming strong authentication rules, as national regulators’ positions...
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.
European fintechs have written to national regulators to express “grave concern” over the quality of application programming interfaces (APIs) being readied by banks, reiterating calls for...
Ukraine’s top financial regulator has embarked on a campaign to liberalise the country’s payments market that will allow non-banks to issue electronic money and payment cards for the first time.
National regulators are pushing for a harmonised pan-European transition period on enforcing new strong authentication rules, although consensus may not be reached until after September’s official...
Industry associations representing banks and third-party providers across the EU have reached an agreement over account access designed to minimise customer detriment once new rules take effect in...
European authorities may have to take a more flexible approach to third-party account access from September, an MEP has told PaymentsCompliance, amid lingering concerns that banks’ unreadiness...
The EU’s top payments regulator has expressed concerns that national authorities place different conditions on firms seeking authorisation, and may issue new guidelines to avoid regulatory...
The UK’s Financial Conduct Authority (FCA) has admitted its register of regulated firms contains “data quality issues” and will invest £5m in improvements, after outrage that legitimate businesses...
The body responsible for open banking in the UK has responded to fintech complaints that the current system lacks vital functionality, suggesting instead they should be seen as “premium” services...
Plans for a phased introduction of strong authentication are taking shape in the UK, with influential industry groups expected to ask regulators for a delay in enforcement of at least 18 months...
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...

Pages