Campaigners have written to UK Chancellor Sajid Javid pleading for new legislation that protects free access to cash, having grown frustrated with a lack of decisive action by regulators.
The UK’s Financial Conduct Authority (FCA) has urged issuers and acquirers to avoid changing how contactless transactions are handled for a limited period, despite new strong authentication rules...
The UK’s Financial Conduct Authority (FCA) has reiterated that a no-deal Brexit retains the capacity to severely disrupt the movement of retail payments and data, amid difficulties between UK and...
European retailers, acquirers and issuers are braced for chaos. This Saturday, highly controversial payment security rules go live across the EU, and although almost all member states have agreed...
The Swedish Gambling Authority, Spelinspektionen, has written to around 170 payment providers across the EU warning that they could be violating Swedish law if they process transactions on behalf...
France’s central bank will require all online card transactions to be sent over the 3D Secure system by March 2021, as part of its decision to delay enforcement of impending strong customer...
On September 11, 2019, the Treasury released a set of draft legislation for public comment, which implements the recommendations issued by the ASIC Enforcement Review Taskforce Report.
Fintech, cryptocurrencies and protection against US sanctions were placed at the heart of the financial services agenda of new European Commission chief Ursula von der Leyen yesterday as she...
Hungary’s central bank has announced it will allow a 12-month transition period before enforcing new strong customer authentication rules for online card payments, due to take legal effect at the...
On September 6, 2019, the Malta Financial Service Authority (MFSA) published its three-year strategic plan for 2019-2021, focusing on strengthening the MFSA and preparing for the next generation of...
Cash machine operators in the UK have argued that ATM interchange fees should be set through an independent cost study, after regulators launched discussions of whether the funding model should be...
Ireland’s central bank has urged financial institutions not to put “blind faith” in automated systems that are widely used to conduct transaction monitoring.
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...

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