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Regulatory Technical Standards (RTS)
EBA Examines ‘Timing Issues’ With Central Contact Points
6th Sep 2017 | Written by:
The European Banking Authority (EBA) is analysing whether the delayed introduction of new rules on central contact points will cause timing issues for the payments industry.
PSD2: Regulator Defends Central Register Plan
5th Sep 2017 | Written by:
The European Banking Authority has defended its decision not to implement a machine-readable, real-time register of all authorised payments firms, laying the blame partly on the limitations of...
Paytech Focus: Agility The Key To PSD2 Success
25th Aug 2017 | Written by:
Much of the discussion around the revised Payment Services Directive (PSD2) has focused the opportunities it could create for new fintech companies, but established industry heavyweights are also...
EBA Issues Update on Identification of Global Systemically Important Institutions
11th Aug 2017 | Written by:
On August 11, 2017 the European Banking Authority (EBA) published 12 indicators and underlying data from the 35 largest institutions in the EU, whose leverage ratio exposure measure exceeds €200bn...
PSD2: Europe Rebuffs Rumours Of ‘Spare Wheel’ Rejection
3rd Aug 2017 | Written by:
European officials have denied rumours that a decision has already been made to abandon the “spare wheel” account access plan, part of security rules accompanying the second Payment Services...
EBA Consults On Fraud Reporting Guidelines
3rd Aug 2017 | Written by:
The European Banking Authority (EBA) has outlined plans to harmonise fraud reporting across the EU, amid concerns that current inconsistencies create a void that threatens the security of retail...
Industry Steps Up Work On PSD2 Registers
31st Jul 2017 | Written by:
Industry groups are hoping to fill a gap left by European regulators and create hi-tech registers of authorised third parties, after concerns that incoming reforms might heighten the risk of fraud.
EBA Central Register ‘Won’t Be Machine Readable’
25th Jul 2017 | Written by:
The European Banking Authority (EBA) has outlined its plans to set up a central register of all authorised payments firms, although it has rejected suggestions the list should be made machine...
PSD2: UK Bans Surcharging And Backs Screen Scraping
20th Jul 2017 | Written by:
HM Treasury has finalised its implementation of EU payment reforms, extending a surcharging ban to non-card payments and preventing banks from blocking access by third parties using screen scraping.
Banks Keen To Stifle Third Parties With Multiple APIs, Fintechs Claim
13th Jul 2017 | Written by:
European banks have been accused of sabotaging certain third-party business models under the revised Payment Services Directive (PSD2) by developing multiple separate account access mechanisms.
Alarm Raised Over PSD2 ‘Spare Wheel’ Rejection
12th Jul 2017 | Written by:
Fintech firms are arguing that the European Banking Authority's rejection of a back-up interface for third-party account access directly contradicts the revised Payment Services Directive (PSD2).
EBA Rejects ‘Spare Wheel’ Access Plan Under PSD2
30th Jun 2017 | Written by:
The European Banking Authority (EBA) has rejected suggestions that banks should be required to develop backup interfaces for third party access under the revised Payment Services Directive (PSD2).
Uber Fears PSD2 Standards Will Damage Payment Model
29th Jun 2017 | Written by:
Uber has admitted that fraud controls set to be introduced by EU authorities will mean its vaunted “invisible” payment model may have to be scrapped, as industry giants question the wisdom of the...
Banking Lobbyists Suggest Third-Party Access Compromise
27th Jun 2017 | Written by:
A consortium of thousands of banks has offered to “compromise” with regulators over third-party access rules, as the EU-wide screen scraping row shows no sign of abating.
Europe: Trade Groups ESBG and EACB Publish Position on 'Fall Back Interface' and 'Screen Scraping'
26th Jun 2017 | Written by:
The European Savings and Retail Banking Group (ESBG) and the European Association of Co-operative Banks (EACB) have published a position paper calling on the European Banking Association (EBA) to...
EBA And Commission Still At Odds Over Interchange Standards
21st Jun 2017 | Written by:
Authorities are still at a stalemate over rules forcing Visa and Mastercard to separate their schemes and processing activities, after an underwhelming scrutiny session in the European Parliament.
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