The European Banking Authority (EBA) has insisted banks cannot withhold information from third-party providers if it is necessary for them to carry out payment initiation services.
The European Banking Authority (EBA) has attempted to resolve conflict around third-party account access, drafting new guidelines on the standards banks’ interfaces would have to meet under...
The EU’s top banking and payments regulator has responded to confusion over impending strong authentication rules for contactless card transactions, whitelisting and exemptions based on fraud rates.
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...

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