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.
A four-month wait is over for Swedish third-party providers, as the country’s delayed transposition of the revised Payment Services Directive (PSD2) opens the floodgates to a host of potential new...
An influential Brussels-based industry group has advised financial institutions to offer a full range of authentication methods to users of third-party providers, part of attempts to end long...
The UK’s nascent payment initiation market continues to shown signs of expansion, after the Financial Conduct Authority granted two more firms authorisation.
Suggestions that some institutions might opt not to build a fallback access interface for third-party providers — a controversial feature of incoming EU security rules — have given rise to...
Last-gasp changes to EU security rules have left account providers with a dilemma: whether to channel resources into building a top quality application programming interface (API); or split...
A Brussels-based industry group is "making headway" on efforts to provide clarity to banks, third-party providers and regulators on the standards that application programming interfaces (API) will...
Influential industry figures in the UK have raised the alarm over the possibility of open banking innovations making it easier for fraudsters to gain access to victims’ payment accounts.
French legislators are under pressure to broaden national implementation of the revised Payment Services Directive (PSD2), so that third-party access to non-payment accounts is brought under...
Payment firms are confused by incoming EU rules on contactless payments, despite 11th-hour attempts by the European Commission to clarify when strong authentication must be applied.
UK industry figures have revisited concerns over the presentation of open banking to consumers, saying confusion will be most likely during the current “transition period” prior to technical...
Mastercard is hopeful that recurring card transactions will be exempt from strong authentication requirements under incoming EU reforms, but said further guidance on the issue would be helpful.
European officials have downplayed industry fears that authenticating users of third-party providers via a "redirect" model could be outlawed by incoming security rules.
The European Commission has looked to ease concerns that rules on third-party account access under the revised Payment Services Directive (PSD2) could hand too much power to a small number of...
New rules on authentication and account access under the revised Payment Services Directive (PSD2) will take effect on September 14 next year, after the controversial text was finally published in...
The European Banking Authority (EBA) has published a consultation paper on draft technical standards on strong customer authentication and common and secure communication under the revised Payment...

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