EU industry groups are making a last-ditch lobby effort on access to accounts, transaction fraud rates and corporate payments as the European Commission considers whether to make changes to the...
Industry researchers believe European officials may amend the European Banking Authority's proposed rules allowing providers to bypass certain security checks if fraud rates are sufficiently low.
As the European Commission attempts to find a solution to long-running hostility between banks and third-party payment providers, PaymentsCompliance examines the dispute over security, screen...
Consumers will be allowed to establish a “whitelist” of trusted recipients for card payments, EU regulators have confirmed, after Mastercard raised concerns that proposed security standards might...
Industry experts are warning that exemptions from strong authentication proposed by the European Banking Authority could prove “almost unworkable” for payments firms.
A top European Central Bank official has requested clarity on the interim period between the revised Payment Services Directive (PSD2) and its accompanying technical standards, amid concerns around...
The European Commission has revealed it is likely to amend technical standards accompanying the revised Payment Services Directive (PSD2) to clarify access arrangements for third parties.
The European Parliament has issued a briefing on the final draft of the Regulatory Technical Standards (RTS) on Strong Customer Authentication and Secure Communication for the scrutiny session of...
Financial institutions cannot use regulatory uncertainty as an excuse to delay providing third-party account access, industry insiders have said, after fears banks might be delaying preparations...
Discrepancies between the UK’s open banking reforms and the scope of the EU’s revised Payment Services Directive (PSD2) could cause fragmentation, duplication and confusion, industry insiders fear.
European banks are welcoming last week’s announcement that “screen scraping” will be outlawed across the EU next year, but legal experts have warned it could signal difficulties for new third-party...
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.

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