Spain’s financial sector should be ready to take advantage of landmark EU payment reforms despite major delays in transposition, thanks to a combination of industry-level work and support from the...
A senior European Central Bank (ECB) official has re-emphasised that banks must embrace the EU’s third-party account access regime, as it forges ahead with the creation of a new credit transfer...
The European Banking Authority (EBA) has defended its record on level three payments legislation after being accused by an MEP of “attempting to change a directive ... that turned out not be to its...
On February 1, 2019, the Open Banking Implementation Entity (OBIE) published its Operational Guidelines and accompanying Checklist, with the aim of providing clarification and recommendations to...
Banks in the UK have called on regulators to make clear how payment initiation service providers will fit into the upcoming voluntary industry code on thwarting authorised push payment (APP) fraud.
European authorities have clarified that banks do not have to make whitelists of trusted payees visible or editable to third-party providers under incoming EU-wide security rules.
On January 24, 2019, the European Agency for Network and Information Security (ENISA) released a study regarding good practices in the implementation of regulatory technical standards in the field...
Consumer hesitancy and confusion about the rapid pace of technological and regulatory change in the payments sector has dominated the UK regulator’s annual overview of the industry.
As hundreds of fintechs and banks line up to take advantage of the UK’s third-party account access regime, the group behind the country’s open banking project has announced plans to ensure the end...
Thanks to a barrage of regulatory reforms brought in over the past year, 2019 is poised to be a challenging year for European payments firms. Banks are under intense pressure to complete the...
On December 19, 2018, the Financial Conduct Authority (FCA) launched consultation paper 18/44, by means of which it is seeking feedback on the proposed regulatory technical standards for strong...
The UK’s Financial Conduct Authority (FCA) has finalised its approach to incoming payment services security standards, responding to uncertainties around third-party account access, strong...
New European Banking Authority guidance has helped clear up “confusion” around how the EU electronic identification regime will work for third-party providers gaining access to customers’ accounts.
Europe’s top banking and payments regulator will lead a new working group to support firms developing application programming interfaces (APIs) in line with “demanding” third-party access rules.
EU authorities appear unlikely to accept that card payments can be “initiated by the payee” in some situations, potentially causing an authentication headache for some online platform businesses.
On December 11, 2018, the European Banking Authority (EBA) published an opinion on the use of certificates with regard to Regulation (EU) No. 910/2014 of July 23, 2014 on electronic identification...

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