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...
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.

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