The overseer of the UK’s open banking initiative has promised “imminent” upgrades to application programming interface (API) standards, amid complaints from payment initiators that existing models...
Mastercard has unveiled its strategy for keeping pace with Europe’s changing payments landscape, setting out plans to introduce a scheme-like bundle of services for non-card transactions.
Legal experts, industry insiders and regulators have weighed in on the role of intermediary data aggregators in Europe’s open banking regime, an area of ongoing uncertainty.
Fintechs in the UK are calling for changes to the country’s open banking regime, after complaints that application programming interfaces (APIs) currently on the market are offering a poor user...
European law enforcement authorities have dismantled a fraud ring specialising in counterfeiting fuel cards, with the group believed to have stolen more than €500,000.
A four-month wait is over for Swedish third-party providers, as the country’s delayed transposition of the revised Payment Services Directive (PSD2) opens the floodgates to a host of potential new...
An influential Brussels-based industry group has advised financial institutions to offer a full range of authentication methods to users of third-party providers, part of attempts to end long...
The UK’s nascent payment initiation market continues to shown signs of expansion, after the Financial Conduct Authority granted two more firms authorisation.
Suggestions that some institutions might opt not to build a fallback access interface for third-party providers — a controversial feature of incoming EU security rules — have given rise to...
Last-gasp changes to EU security rules have left account providers with a dilemma: whether to channel resources into building a top quality application programming interface (API); or split...
A Brussels-based industry group is "making headway" on efforts to provide clarity to banks, third-party providers and regulators on the standards that application programming interfaces (API) will...
Influential industry figures in the UK have raised the alarm over the possibility of open banking innovations making it easier for fraudsters to gain access to victims’ payment accounts.
French legislators are under pressure to broaden national implementation of the revised Payment Services Directive (PSD2), so that third-party access to non-payment accounts is brought under...
Payment firms are confused by incoming EU rules on contactless payments, despite 11th-hour attempts by the European Commission to clarify when strong authentication must be applied.
UK industry figures have revisited concerns over the presentation of open banking to consumers, saying confusion will be most likely during the current “transition period” prior to technical...
Mastercard is hopeful that recurring card transactions will be exempt from strong authentication requirements under incoming EU reforms, but said further guidance on the issue would be helpful.

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