The European Banking Authority (EBA) is consulting on the draft regulatory technical standards (RTS) which set the technical requirements on development, operation and maintenance of the electronic...
New EU payment regulations are drawing increasing attention from outside the continent, as concerns arise in Morocco about the security of new payment methods and the approach that third country...
The Open Banking Implementation Entity (OBIE) has released an update to version 3.1 of the Open Banking Standard published in November 2018. The update provides clarifications to the previous...
The UK’s financial regulator issued a call on Thursday for banks and third-party providers to work together to ensure a “smooth” transition in September, when the regulatory technical standards of...
Banks could be in trouble again with the UK’s competition regulator, after the Open Banking Implementation Entity passed on a file of information on banks that have failed to adhere to the...
On March 11, 2019, the European Banking Authority (EBA) published clarifications to the first set of issues that had been raised and discussed by participants of its working group on application...
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...
On February 15, 2019, the Norwegian government published the Regulation on Systems for Payment Services, which was adopted by the Ministry of Finance on the same day. The regulation is part of a...
On February 26, 2019, the National Bank of Ukraine (NBU) announced the start of a comprehensive analysis of all components of the payments landscape of the country, to assess how the payments...
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...
On February 25, 2019, the Swedish Financial Supervisory Authority (Finansinspektionen – FSA) notified the European Banking Authority (EBA) that it intends to fully comply with, and apply within the...
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...

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