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Regulatory Technical Standards (RTS)
Industry Bodies Weigh In On PSD2 Security Standards
18th Oct 2016 | Written by:
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payment security controls proposed by EU authorities are inflexible, overly prescriptive and in some cases already outdated, according to three influential UK industry associations.
Proposed Security Controls Too Strict, Industry Tells EBA
12th Oct 2016 | Written by:
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.
Weekly News In Brief: October 7, 2016
7th Oct 2016 | Written by:
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...
PSD2 Standards Could Let Banks Shut Out Third Parties, Claims SOFORT
7th Oct 2016 | Written by:
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.
Banks Unsure On PSD2 Threat As Third Parties Thrive
17th Aug 2016 | Written by:
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.
EBA Publishes PSD2 Security Standards, Promises Flexibility
16th Aug 2016 | Written by:
European regulators have published long-awaited technical standards drafts for EU payments reforms, promising a “principle-based” approach to security after intense industry pressure.
EBA Finalises Plans To Partition Card Schemes
1st Aug 2016 | Written by:
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 To Appeal SOFORT Ruling
26th Jul 2016 | Written by:
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.
Payment Initiation Complexity ‘Could Favour Banks’ Under PSD2
21st Jul 2016 | Written by:
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.
Weekly News In Brief: July 15, 2016
15th Jul 2016 | Written by:
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...
PSD2: Belgium Schtum As Industry Awaits Instructions
14th Jul 2016 | Written by:
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.
Industry ‘Could Lose Voice’ If EBA Leaves London
30th Jun 2016 | Written by:
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...
Brexit Could Muddy Passporting Rules, Experts Warn
8th Jun 2016 | Written by:
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.
EBA Seeks PSD2 Balance As Industry Pressure Mounts
18th May 2016 | Written by:
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.
PSD2 Standards Delay Is Costing Industry, Experts Warn
22nd Apr 2016 | Written by:
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...
PSD2 Forcing Banks To Put Customers Over Profits, Experts Say
11th Apr 2016 | Written by:
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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