Finland’s financial regulator has clarified that screen scraping will remain prohibited in the country in a move that could delay third-party services from entering the local market, despite...
A senior European Banking Authority (EBA) official has accused lawmakers of failing to clarify the legal status of screen scraping under incoming legal reforms, warning of more industry conflict...
Attempts by the Polish regulator to address uncertainty caused by delayed transposition of the revised Payment Services Directive (PSD2) have failed to clarify crucial issues around third-party...
Ireland’s 11th-hour transposition of the revised Payment Services Directive (PSD2) has been touted by officials as transformative for the financial sector, but there is little sign so far that...
Rules forcing Visa and Mastercard to separate their scheme and processing business lines are due to take effect next month, after the European Parliament and Council rubber-stamped the reforms.
The EU deadline for landmark payments reforms has passed, bringing in a host of new requirements aimed at increasing transaction security and boosting competition throughout the union....
Hungarian officials have brought forward the effective date of regulatory technical standards on security and third-party account access, as part of a concerted effort to boost financial innovation.
The European payments industry is entering a landmark year for regulatory reform, spearheaded by the introduction of the revised Payment Services Directive (PSD2), tighter controls on financial...
The global payments industry has undergone a year characterised by conflict — between traditional financial institutions and emerging technologically savvy rivals, and between regulators,...
The EU's top financial watchdog has outlined how member states should approach the "grey period" between the revised Payment Services Directive (PSD2) taking effect in January and adoption of...
Industry experts have told payment account providers not to underestimate the importance of ensuring third-party data access does not increase the risk of fraud.
Banks have been told not to restrict the information accessible to third-party providers, nor force them to authenticate via redirection, in an influential industry report backed by the European...
The UK’s Financial Conduct Authority (FCA) has revealed the latest round of entrants into its regulatory sandbox, including for the first time payment firms planning to use open banking to bypass...
European Commission officials have warned banks that forcing the “redirection” method of customer authentication on third-party providers will likely be non-compliant with the revised Payment...
Cybersecurity experts have downplayed potential clashes between two incoming pieces of EU legislation, dismissing fears that data security will suffer due to apparently conflicting demands.
A French central bank official has admitted that few banks will have built application programming interfaces (APIs) by the turn of the year, but said delays finalising security rules are no excuse...

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