Payments bodies in New Zealand and Australia are examining ways to adopt common standards in open banking regimes shaping both jurisdictions, as ambition for closer international cooperation ...
Industry experts have welcomed the recent announcement by EU authorities that recurring card payments will not be subject to onerous security requirements, drawing a line under an issue which...
Hannah Nixon, the head of the UK's Payment Systems Regulator (PSR), has defended the delayed introduction of anti-fraud requirements to PaymentsCompliance, saying that the baseline objective of...
Anxiety is growing among European banks that they may be fundamentally incapable of achieving exemption from the fallback option under the revised Payment Services Directive (PSD2) as a result of...
European authorities have confirmed that recurring card payments can be initiated by the payee, exempting those payments from strong customer authentication (SCA) and providing long hoped-for...
The market and consumers should be left to decide which payment channels they choose to use, Europe’s representative body for payment institutions has said following hints of regulatory action by...
Europe’s top financial regulator has instructed payment firms to take extra caution when outsourcing to third countries, citing risks of regulatory arbitrage and the potential exploitation of...
Retail groups are urging the European Commission to consider commercial cards and scheme fees within the scope of its upcoming review of union-wide restrictions on interchange fees.
European Commission vice president Valdis Dombrovskis has threatened further regulatory intervention if banks’ strategies for the revised Payment Services Directive (PSD2) cause “a decline in the...
Norway has finalised its introduction of major European payments reforms, but experts believe the impact of the new rules may be limited by the dominance of bank-owned mobile payment app Vipps.
After a string of setbacks Netherlands has finalised its long-awaited transposition of the revised Payment Services Directive (PSD2), with the landmark reforms taking effect from today.
Spain’s financial sector should be ready to take advantage of landmark EU payment reforms despite major delays in transposition, thanks to a combination of industry-level work and support from the...
A senior European Central Bank (ECB) official has re-emphasised that banks must embrace the EU’s third-party account access regime, as it forges ahead with the creation of a new credit transfer...
The European Banking Authority (EBA) has defended its record on level three payments legislation after being accused by an MEP of “attempting to change a directive ... that turned out not be to its...
German banks may be open to sizeable damages claims after a regional court backed findings from the competition regulator that they acted as a cartel in blocking credential-sharing with third-party...
An EU report has called on payments companies to expand their due diligence operations to include identifying illegal gambling sites, despite acknowledging the difficulty such a move would cause...
Banks in the UK have called on regulators to make clear how payment initiation service providers will fit into the upcoming voluntary industry code on thwarting authorised push payment (APP) fraud.
European authorities have clarified that banks do not have to make whitelists of trusted payees visible or editable to third-party providers under incoming EU-wide security rules.
The UK’s Financial Conduct Authority (FCA) has issued guidance on whether firms using crypto-assets need to seek authorisation, outlining several activities that could qualify as regulated payments...
One year on from the scrapping of surcharges for card payments in the UK, limited enforcement and confusion over the law has allowed retailers to continue to slap fees onto card payments and, in...

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