New European Banking Authority guidance has helped clear up “confusion” around how the EU electronic identification regime will work for third-party providers gaining access to customers’ accounts.
Europe’s top banking and payments regulator will lead a new working group to support firms developing application programming interfaces (APIs) in line with “demanding” third-party access rules.
EU authorities appear unlikely to accept that card payments can be “initiated by the payee” in some situations, potentially causing an authentication headache for some online platform businesses.
On December 11, 2018, the European Banking Authority (EBA) published an opinion on the use of certificates with regard to Regulation (EU) No. 910/2014 of July 23, 2014 on electronic identification...
On December 6, 2018, the Payment Systems Regulator (PSR) announced the signing of a memorandum of understanding (MoU), demonstrating its coordinated approach with other European Union authorities...
On December 4, 2018, the European Banking Authority (EBA) published final guidelines on the conditions that account servicing payment service providers (ASPSPs) must meet to be exempted from the...
Banks will need to “provide evidence” to their national regulator that access interfaces do not provide obstacles to third parties, according to final guidelines issued this week by the European...
On December 3, 2018, the API Evaluation Group published a report following its 19th meeting on eIDAS and third-party provider (TPP) identification in the context of the revised Payment Services...
The European Commission has been asked to decide whether card transactions can be deemed “initiated by the payee”, and therefore exempt from incoming authentication rules, with the outcome set to...
The European Banking Authority is contemplating its response to a series of recommendations issued this month by the API Evaluation Group, as firms sweat over meeting tight deadlines for...
France’s central bank is confident that financial institutions in the country will readily meet the EU deadline for having their application programming interfaces (APIs) approved once long-awaited...
European banking groups are encouraged to take on board conclusions reached by the Brussels-based API Evaluation Group, even if some of its recommendations are not based on legal requirements.
The European Central Bank is prepared to take action to allow non-banks access to its incoming real-time payment system, particularly if banks show “resistance” around granting fintechs well...
The European payments industry is split on how a “whitelist” of trusted payees will work for third-party providers once new security rules take effect next September.
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...

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