Draft payment security controls proposed by EU authorities are inflexible, overly prescriptive and in some cases already outdated, according to three influential UK industry associations.
Security standards proposed by EU authorities could create unnecessary barriers to consumers’ use of electronic payments and may not even help tackle fraud, influential industry figures fear.
The EBA admits it has concerns about delay to technical standards; the UK's FCA calls for vigilance despite falling number of consumer complaints; and the Bank of Lithuania signs a memorandum of...
A director at one of Europe’s largest third-party payment providers fears recent draft technical standards could drive payment initiators out of business once EU-wide reforms enter into force.
Europe’s retail banks are uncertain how to respond to the looming threat posed by EU legal reforms and rising consumer trust in third-party payments, according to an industry study.
European regulators have published long-awaited technical standards drafts for EU payments reforms, promising a “principle-based” approach to security after intense industry pressure.
European authorities have finished tweaking rules separating card schemes’ processing and rule-making arms, clarifying details on an initiative that could shake up the continent’s card market. 
German banks will appeal against a ruling by competition authorities that they must allow customers to use third-party payment providers, reiterating long-standing concerns around security and fraud.
Merchants hoping to capitalise on EU reforms by developing their own payment services will face an uphill struggle in snatching business away from banks, legal experts have said. 
European cities vie to be the next headquarters of the EBA; Tencent investigated over flouting security rules around mobile payments; the Czech Republic pushes ahead with payments reforms; UK...
Belgian regulators are keeping quiet about plans to implement European payments reforms as the country's financial sector awaits instructions on what will come next.
Speculation has gathered that Europe’s top banking regulator could be forced to leave its headquarters in London after last week’s Brexit vote, with experts predicting that payment providers could...
A British exit from the EU risks further obfuscating the bloc's already vague “passporting” regime for payments, according to an array of industry experts.
European regulators tasked with drawing up security rules for the payments industry have admitted to difficulties balancing consumer safety with a desire for innovation and convenience.
EU financial firms may already be preparing for widespread legal reforms, but the long wait for technical standards is creating costs and uncertainty for payments businesses and banks, legal...
European payments regulations passed during the financial recovery are forcing major banks to focus on their customers rather than their own interests, according to industry experts.

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