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...
UK parliamentarians have handed the government its greatest defeat for nearly a century, voting overwhelmingly to reject the Brexit deal agreed between Prime Minister Theresa May and the EU.
Chinese mobile payments giant Alipay has been granted authorisation as an e-money institution in Luxembourg, the country’s Ministry of Finance announced on Monday.
The UK’s departure from the EU is at a crossroads, with parliament due to vote on Tuesday on whether to accept the exit deal agreed by Prime Minister Theresa May. Rejection would send the whole...
Consumer hesitancy and confusion about the rapid pace of technological and regulatory change in the payments sector has dominated the UK regulator’s annual overview of the industry.
The UK government has reiterated that card payments and euro transfers could become more expensive if the country leaves the EU without a deal in March, as authorities step up emergency...
As a UK parliament vote on Prime Minister Theresa May’s Brexit deal looms, the prospects of anything approaching an equivalence regime look as distant as ever for the payments sector.
As hundreds of fintechs and banks line up to take advantage of the UK’s third-party account access regime, the group behind the country’s open banking project has announced plans to ensure the end...
Thanks to a barrage of regulatory reforms brought in over the past year, 2019 is poised to be a challenging year for European payments firms. Banks are under intense pressure to complete the...
A landmark year for the continent’s payments industry, 2018 oversaw the introduction of major new EU legislation. The shift towards open banking propelled by regulation was accompanied by new rules...
Despite the diversity of the Asian, Pacific, African and Middle Eastern markets, in all four a clutch of similar trends emerged around regulatory innovation and taking advantage of emerging...
The UK’s Financial Conduct Authority (FCA) has finalised its approach to incoming payment services security standards, responding to uncertainties around third-party account access, strong...
The UK’s Financial Conduct Authority (FCA) will study whether the payment card market is delivering value and meeting customer expectations, as it ups scrutiny over shifting industry and regulatory...
New European Banking Authority guidance has helped clear up “confusion” around how the EU electronic identification regime will work for third-party providers gaining access to customers’ accounts.
Europe’s top banking and payments regulator will lead a new working group to support firms developing application programming interfaces (APIs) in line with “demanding” third-party access rules.
UK authorities have strengthened the hand of consumers hit by authorised push payment fraud, extending the complaints procedure to cover the financial firm on the receiving end of a transfer.
The European Banking Authority (EBA) has proposed new cybersecurity guidelines that would oblige payment firms to place greater power in the hands of users in the interests of increasing...
UK fintech Revolut has become the second firm to be granted Lithuania’s pioneering “specialised bank” licence, allowing it to carry out certain deposit-taking functions without holding full banking...

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