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...
The New York State Department of Financial Services fines bank for AML failures; the CFPB faces a lawsuit amid turmoil created by the election of President-elect Trump; and the EBA pushes ahead...
The European Banking Authority (EBA) has published the final draft regulatory technical standards (RTS) on the framework for cooperation and exchange of information between competent authorities...
A “frightfully easy” cyber-attack that exploits flaws in Visa’s card system was potentially used to defraud Tesco Bank customers of millions of pounds last month, according to a team of academics —...
A French central bank official involved in the drafting of unpopular EU payment security standards has defended the draft proposals, but hinted a risk-based approach might be factored into the...
The European Banking Authority (EBA) has told an EU committee it will “seriously consider” amending its controversial technical standards on payments security, but warned the process will take...
Dozens of payments providers and industry bodies have pleaded for European Commission intervention in the drafting of EU-wide security standards, warning that current proposals risk “chilling” e...
The European Banking Authority has dampened industry hopes it will respond to sustained criticism by substantially reworking EU payment security standards.

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