Legal experts have tentatively welcomed the European Banking Authority's decision to allow for a risk-based approach to strong authentication under the revised Payment Services Directive (PSD2).
On February 23, 2017 the European Banking Authority (EBA) published its final draft of the regulatory technical standards (RTS) on strong customer authentication and common and secure communication...
The European Banking Authority (EBA) has published the final draft of its regulatory technical standards for strong authentication under the revised Payment Services Directive (PSD2), relaxing...
The European Banking Authority (EBA) has confirmed it will introduce a risk-based approach to authentication in its final security standards, part of the revised Payment Services Directive (PSD2),...
Three influential EU regulators have accused nefarious financial institutions of exploiting passporting rights to launder funds, singling out payment services as having inadequate compliance controls.
On February 16, 2017 the European Banking Authority (EBA) issued an opinion to the European Commission, expressing dissent over some of the proposed amendments to its final draft regulatory...
The European Banking Authority has hit out at revisions to its rules forcing card schemes to separate processing from rule-making, warning that proposed amendments are “ambiguous” and could stifle...
There is growing optimism among EU payments experts that the European Banking Authority will heed industry concerns over draft security rules and pave the way for a risk-based approach to...
Authorities in the UK have taken a major step towards implementing the revised Payment Services Directive (PSD2), launching consultations on the draft text and finalising the open banking framework...
Legal experts have downplayed suggestions that German legislators will impose stricter security requirements than those laid out by the EU once the revised Payment Services Directive is in force.
The NIS Directive is the first EU-wide legislation on cybersecurity to be introduced. This study provides details on the main aims of the directive, such as improving and increasing EU and national...
European financial regulators are considering relaxing security standards for the revised Payment Services Directive (PSD2) so payment providers can choose whether to apply strong authentication,...
The European Central Bank (ECB) has opened consultations on plans to establish a pan-European instant settlement system in central bank money, available to payment service providers.
After a turbulent and unpredictable 2016, the global payments industry has its work cut out to prepare for a flurry of regulatory, legislative and policy reforms.
A landmark year for the global payments sector, 2016 was characterised as much by legal reforms as by seismic shifts in the political landscape. Regulators in the UK launched unprecedented new...
The European Banking Authority (EBA) is consulting on its draft regulatory technical standards for the cooperation and exchange of information between competent authorities relating to the exercise...

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