Concerns are growing that European banks developing application programming interfaces (APIs) could miss next year’s deadline for gaining regulatory approval, leaving third parties and national...
A Brussels-based cross-industry group has issued its long-awaited final recommendations for the functionality that banks’ application programming interfaces (APIs) should offer if they are to gain...
A recent ruling by the EU’s top court on the definition of a payment account could have far-reaching implications for banks and third-party providers, legal experts believe.
European payments experts have suggested that banks building application programming interfaces (APIs) should consider creating a better authentication process than provided by their customer...
European payments and retail groups have pleaded with authorities to let them use a payer’s card details as one of two authentication factors for an online transaction, at least for a temporary...
The European Banking Authority has responded to uncertainty over the application of incoming authentication rules, particularly when a third-party provider is being used.
The second part of this practical guide on the regulatory technical standards on strong customer authentication and common and secure open standards of communication provides an overview of...
A major British retail group has called on the government to use next week’s budget as a platform for injecting greater competition into the payments sector, by supporting emerging third-party...
Too many banks are treating the development of application programming interfaces (APIs) as a compliance exercise, hampering uptake of third-party payment services, industry insiders have argued.
This is the first part of a practical guide on the regulatory technical standards on strong customer authentication and common and secure open standards of communication, providing information on...
Two influential retail groups have written to the European Commission to appeal for a “workable compromise” on third-party account access, as the rift between banks and fintechs shows little sign...
European parliamentarian Ashley Fox has accused legislators of drafting rules on strong authentication that — less than a year ahead of their introduction — are already lagging behind the payments...
UK financial institutions have been instructed to support an additional authentication model for open banking, based on redirecting the end user between two different mobile apps.
European banks have admitted they are unsure about how third-party access to non-payment accounts will be managed under incoming security rules, with fintechs insisting credential sharing is here...
The UK’s Financial Conduct Authority (FCA) has warned banks, credit card providers and e-money institutions against waiting too long to seek approval for their dedicated third-party access interface.
A host of payment providers and industry groups have urged the European Banking Authority to rethink its stance on the “redirect” authentication model for users of third-party providers.

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