Research by Microsoft has found that uncertainty over incoming EU regulatory reforms is holding back banks’ development of technological interfaces for third-party account access.
The European Commission has finalised revisions to regulatory technical standards on strong authentication and third-party account access, PaymentsCompliance can reveal.
UK regulators have downplayed fears that delays to EU payment reforms will have a serious impact on providers operating in multiple member states, although admitted some third-party providers could...
The European Banking Authority (EBA) must be “mindful” of complexity at member state level, national regulators have said, as it prepares to issue draft guidelines covering the transitional period...
The European Banking Authority (EBA) has clarified fraud reporting requirements that payment providers will face under incoming EU laws, confirming that retrospective reporting will not be...
The Netherlands will not complete transposition of the revised Payment Services Directive (PSD2) until spring next year at the earliest, the Dutch Ministry of Finance has confirmed.
Doubts over whether Poland will transpose EU reforms on time are creating an uncertain environment for payment firms, in what is already one of the continent’s most challenging markets for third...
Online retailers are reviving attempts to soften draft EU rules on strong payment authentication, warning current proposals will hamper e-commerce and create “legal uncertainty”.
EU industry groups have set their sights on developing a legally binding framework facilitating third-party account access, ready for when the revised Payment Services Directive (PSD2) goes live in...
The development of instant payments infrastructure across Europe should eventually eradicate current disputes over payment initiation services using screen scraping, officials have suggested.
The UK's Financial Conduct Authority (FCA) has instructed banks not to discourage consumers from using third-party providers, even if they rely on credential sharing, once EU payment reforms go...
Repercussions for banks not meeting third-party access requirements under the revised Payments Services Directive (PSD2) currently lack teeth, experts have warned.
Officials have hinted that guidance could be drafted to govern the “transition period” between the introduction of the revised Payment Services Directive (PSD2) and its accompanying security...
A group of EU fintech firms is resisting claims that screen scraping would place consumers and businesses at risk, arguing the influential FIDO Alliance has misunderstood the revised Payment...
An influential standards-setter for payment security has urged the European Commission not to allow third party providers to bypass banks’ interfaces under the second Payment Services Directive ...
Many existing payment authentication tools, including Apple Pay’s vaunted fingerprint scanning system, will not be compatible with incoming EU security rules, experts have said.

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