Controversial EU-wide regulatory technical standards on strong authentication and third-party account access have been formally approved and will take effect in September next year.
A European fintech lobby group has set out a series of requirements it expects banks’ interfaces to meet when providing services to third parties, ahead of the second API Evaluation Group meeting.
Senior European officials are concerned that some banks appear not to be developing dedicated interfaces for third-party access under the revised Payment Services Directive (PSD2).
Incoming EU rules on strong authentication will place unprecedented demands on payment providers to keep fraud rates low or risk losing out to more tech-savvy competitors, industry insiders believe.
EU lawmakers have defended the final drafting of third-party access rules under the revised Payment Services Directive (PSD2) against criticism that they had not properly consulted with regulators...
A European Central Bank (ECB) official has called on payments firms to speed up implementation of security rules that accompany the revised Payment Services Directive (PSD2) to unlock the potential...
Legal experts have warned that there is a "lack of clarity" around incoming EU restrictions on geoblocking by online retailers, after the European Parliament adopted its final position on the...
Banks and fintechs remain at odds over whether consumers will be able to share their online banking login credentials with third parties under incoming EU-wide security standards.
European regulators have said further guidance is likely on the "transition period" between the revised Payment Services Directive (PSD2) and accompanying security standards, as the issue of screen...
EU authorities are examining whether newly regulated third-party providers may already be developing business models that stray beyond the boundaries of the revised Payment Services Directive (PSD2).
EU officials are optimistic that a new cross-industry working group will be able to overcome serious concerns about the viability of third-party account access rules.
The head of the European Banking Authority (EBA) has written to EU lawmakers with concerns about the final text of security rules under the revised Payment Services Directive (PSD2).
Finland’s financial regulator has clarified that screen scraping will remain prohibited in the country in a move that could delay third-party services from entering the local market, despite...
A senior European Banking Authority (EBA) official has accused lawmakers of failing to clarify the legal status of screen scraping under incoming legal reforms, warning of more industry conflict...
Attempts by the Polish regulator to address uncertainty caused by delayed transposition of the revised Payment Services Directive (PSD2) have failed to clarify crucial issues around third-party...
Ireland’s 11th-hour transposition of the revised Payment Services Directive (PSD2) has been touted by officials as transformative for the financial sector, but there is little sign so far that...

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