Legal experts believe online marketplaces such as Amazon could be made exempt from strong authentication rules, even for transactions involving third-party sellers — but warn that precedent could...
French lawmakers have again rejected proposals to expand the scope of third-party access rules under the revised Payment Services Directive (PSD2) to savings, investment and other financial...
An influential industry group has said there is still “substantial work required” to standardise UK banks’ application programming interfaces (APIs), in a frank review of open banking’s successes...
New EU-level guidance on incoming security technical standards has come under fire from two major payment initiation service providers, which argue consumers will be left with “less than they had...
UK regulators have set out how EU financial services regulations will be “onshored” after Brexit, outlining how the domestic legal regime would continue to function if a planned transition period...
The UK’s Financial Conduct Authority (FCA) has announced it intends to adopt guidelines on third-party account access set out this month by the EU’s top banking and payments regulator.
EU officials have downplayed fears that card issuers could be caught in a clash between the incoming ePrivacy regulations and rules on strong authentication for online payments.
The European Commission will require payment service providers (PSPs) to distribute information on open banking reforms to their customers, in a drive to raise awareness and adoption of the new...
The European Banking Authority (EBA) has insisted banks cannot withhold information from third-party providers if it is necessary for them to carry out payment initiation services.
The European Banking Authority (EBA) has attempted to resolve conflict around third-party account access, drafting new guidelines on the standards banks’ interfaces would have to meet under...
The EU’s top banking and payments regulator has responded to confusion over impending strong authentication rules for contactless card transactions, whitelisting and exemptions based on fraud rates.
The overseer of the UK’s open banking initiative has promised “imminent” upgrades to application programming interface (API) standards, amid complaints from payment initiators that existing models...
Mastercard has unveiled its strategy for keeping pace with Europe’s changing payments landscape, setting out plans to introduce a scheme-like bundle of services for non-card transactions.
Legal experts, industry insiders and regulators have weighed in on the role of intermediary data aggregators in Europe’s open banking regime, an area of ongoing uncertainty.
Fintechs in the UK are calling for changes to the country’s open banking regime, after complaints that application programming interfaces (APIs) currently on the market are offering a poor user...
European law enforcement authorities have dismantled a fraud ring specialising in counterfeiting fuel cards, with the group believed to have stolen more than €500,000.

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