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...
Fintechs and banks are relieved that the European Commission has published its long-awaited final regulatory technical standards (RTS) on security, but raised doubts over how the new rules will be...
The European Commission has formally submitted its eagerly anticipated regulatory technical standards on payment security for approval by the European Parliament and Council.
A banking stakeholder group set up under the European Banking Authority (EBA) has urged the regulator to extend its fraud reporting rules to include account data aggregators.
With the European Commission expected to publish its final regulatory technical standards on strong authentication on Monday, legal experts believe there are several areas where issuers, acquirers...
European Banking Authority officials have said fresh proposals to rework third-party access rules are “going in the right direction”, but raised concerns over how they will be enforced.
The “redirection” method many banks plan to use to authenticate customers using third-party providers may not be compliant with the revised Payment Services Directive (PSD2), experts claim.
The UK’s nine largest banks will only allow “whitelisted” third-party providers to use their technological interfaces for account access, a bid to take fears over payment fraud into their own hands.
The European Commission is confident its final regulatory technical standards on authentication and third-party access will gain final cross-EU approval, as regulators move to reassure businesses...
A new “innovation forum” chaired by the European Central Bank and European Commission will meet later this month to discuss the potentially transformative impact instant payments and incoming...
A senior MEP has said incoming European strong authentication rules are “out of touch with society”, arguing that lawmakers should draw more inspiration from the private sector when introducing...
Senior lawyers have urged payment providers to take heed of proposed EU transaction reporting rules, as the requirements could burden their compliance programmes further.
An industry initiative seeking to clarify aspects of the revised Payment Services Directive (PSD2) and its accompanying security rules has been hailed by senior EU officials as an opportunity to...
Payment providers in Lithuania will be able to bypass banks and settle transactions in real time from next month, the country’s top regulator tells PaymentsCompliance in an exclusive interview.

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