Denmark’s financial authority has told firms to expect strong authentication reforms to take full effect from September, despite concerns across Europe that the industry is nowhere near full...
The Dutch central bank and payments regulator has said authorities are already assessing the risk posed by technology giants from the United States and China, particularly as open banking beds in...
Lithuania is hoping improvements to safeguarding options for e-money and payment institutions will boost customer confidence in the sector and make them more competitive against banks.
UK regulators' willingness to accept a phased enforcement regime for forthcoming strong customer authentication (SCA) rules has been met with opposition from Brussels’ leading consumer protection...
A lack of industry readiness means incoming strong authentication reforms are now expected to cost businesses across the EU a total of €57bn, new research has claimed.
The UK’s Financial Conduct Authority (FCA) has taken the first steps towards delaying controversial strong authentication reforms beyond September’s deadline, PaymentsCompliance can reveal.
The EU will not extend September’s deadline for online payment security reforms but has not yet ruled out a compromise and is working on providing additional clarity to the industry, an influential...
Estonia’s financial regulator has revoked the operating licence held by payment institution GFC Good Finance Company, following a string of breaches of financial crime and payment services laws.
Germany’s top payment services regulator has revealed a recent crackdown on businesses transferring funds for online trading platforms without authorisation.
Third-party providers face an uphill struggle for adoption in Poland, researchers have suggested, with incumbents more concerned about the threat posed by technology giants and rival banks than by...
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...

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