On September 2, 2019, the Ministry of Finance published a report by the steering committee on fintech-related issues. ...
A coalition of payments industry giants, retail groups and card schemes has written to the European Banking Authority (EBA) urging it to make a decision on how long member states can delay...
Authorities in Denmark have confirmed enforcement of strong customer authentication (SCA) rules will be delayed by 18 months, while neighbouring Sweden has also confirmed it will be flexible around...
On September 2, 2019, a new regulation, the Submission of Statistical Data on Fraud Related to Different Payment Methods, from the Ministry of Finance was published in the Official Gazette of...
Authorities in Luxembourg, Spain and Portugal have confirmed they plan to delay enforcement of incoming strong customer authentication (SCA) reforms, meaning more than half of EU member states have...
The Central Bank of the Russian Federation (CBR) has published the details of tariffs applicable when paying for goods and services through the Faster Payment System (FPS). ...
The UK has inched closer to leaving the European Union without a deal on October 31 after Prime Minister Boris Johnson chose to suspend parliament for more than a month, leaving financial services...
Belgium will allow payment providers extra time to comply with incoming EU rules on strong customer authentication (SCA) for online card payments, as more regulators look to the European banking...
Greece’s central bank has joined the ranks of national regulators granting payment services providers respite from enforcing incoming EU rules on strong customer authentication (SCA) for online...
The European Central Bank (ECB) has released an occasional paper titled “Are instant payments becoming the norm? A comparative study”, which examines the potential of instant payment services to...
E-wallet providers in the UK say they are ready to work with the country’s gambling regulator after it threatened to restrict betting using any payment method that could be funded by credit card.
Payments consultancy CMSPI has said the potential cost savings from European interchange fee reforms are being undermined, due in part to scheme fee hikes and acquirers failing to pass on savings...
Germany has confirmed it will delay enforcement of incoming EU rules on strong customer authentication (SCA) for online card payments, with the country’s regulator and banking lobby blaming...
The online gaming industry appears to have the upper hand in its battle with the U.S. Department of Justice (DOJ) over the U.S. Wire Act of 1961, but a leading gaming attorney in Washington, D.C....
International card schemes may face new compliance headaches in Russia after laws were passed designed to prevent them from complying with US and EU sanctions in the country’s banking sector.
On August 20, 2019, the Financial Supervisory Authority (Finanstilsynet) announced that it will grant an extension to the deadline of September 14, 2019 to payment service providers (PSPs) for the...

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