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...
The UK competition regulator on Monday extended deadlines for five banks that overshot a key milestone in the country’s open banking roadmap, but forced them to hire outside help to monitor their...
The UK’s Financial Conduct Authority (FCA) has released the final versions of its guidance in case of a no-deal Brexit, on the same day legislators shot down Prime Minister Theresa May’s third...
European banks providing application programming interfaces (APIs) must make testing facilities available to third-party providers even if they have not yet received authorisation, regulators have...
UK authorities have not yet taken any regulatory action against banks that deny account services to payment providers, new figures reveal, reigniting debates over the industry’s battle against...
An independent survey of European banks has suggested that a significant number will miss the chance to gain the fallback exemption from its first availability in September, as many have failed to...
The Australian payments industry is on the cusp of rolling out a self-regulatory framework to “solve” spiralling card-not-present fraud by establishing a risk-based approach to strong customer...

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