The UK’s Financial Conduct Authority (FCA) has decided to give banks and third-party providers an additional six months to meet incoming requirements on account access, after concerns that a lack...
Ireland’s payments regulator has become the latest authority to confirm it will delay the enforcement of incoming EU rules on strong customer authentication (SCA), as it called for a collective EU...
The Dutch central bank has become the latest regulator to offer a transition period for firms to comply with incoming EU rules on strong customer authentication (SCA) designed to tackle payment...
Uncertainty about when national authorities will start enforcing EU-wide strong authentication rules risks causing a stalemate over customer communications, industry figures have said.
Major banks and payment providers are in talks with the Dutch central bank over delaying enforcement of incoming strong customer authentication (SCA) rules, taking inspiration from existing...
On May 21, 2019, the Ministry of Finance issued a public consultation on amendments to the Payment Systems Act in light of the adoption of Regulation (EU) 2019/518 on cross-border payments (the...
On August 2, 2019, the European Payment Institutions Federation (EPIF), along with the co-signatories, has published a statement to express it supports the goals of strong customer authentication ...
Italy has become the latest EU member state to acknowledge the European Banking Authority’s flexibility on enforcing incoming strong authentication rules, as national regulators’ positions...
Europe’s largest payment providers have joined forces to ask authorities for a harmonised 18-month transition period before enforcing new security rules for online card payments.
European fintechs have written to national regulators to express “grave concern” over the quality of application programming interfaces (APIs) being readied by banks, reiterating calls for...
Ukraine’s top financial regulator has embarked on a campaign to liberalise the country’s payments market that will allow non-banks to issue electronic money and payment cards for the first time.
National regulators are pushing for a harmonised pan-European transition period on enforcing new strong authentication rules, although consensus may not be reached until after September’s official...
On July 26, 2019, the European Banking Authority (EBA) published responses to a fourth set of issues (XIV to XX) raised by participants of the EBA working group on application programming...
Industry associations representing banks and third-party providers across the EU have reached an agreement over account access designed to minimise customer detriment once new rules take effect in...
On July 26, 2019, the European Credit Sector Associations (ECSAs), the European Third Party Providers Association (ETPPA) and the Financial Data and Technology Association (FDATA) issued a joint...
European authorities may have to take a more flexible approach to third-party account access from September, an MEP has told PaymentsCompliance, amid lingering concerns that banks’ unreadiness...

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