The UK’s financial regulator has revealed details about its preparations for new EU rules on secure customer authentication (SCA) — confirming that the September deadline will have to be swept...
European regulators are readying new guidance on September’s strong authentication reforms that could give payment firms a 15-month transition period to become fully compliant.
On June 12, 2019, the European Commission published a communication, “State of play of preparations of contingency measures for the withdrawal of the United Kingdom from the European Union”, on...
A senior executive at American Express has said “collateral damage” caused by EU-wide payment reforms has forced the card network to cut ties with dozens of bank partners.
UK regulators have told e-money issuer Allied Wallet to stop providing payment services, after federal authorities in the United States accused the company of facilitating fraudulent transactions...
Denmark’s financial authority has told firms to expect strong authentication reforms to take full effect from September, despite concerns across Europe that the industry is nowhere near full...
UK regulators' willingness to accept a phased enforcement regime for forthcoming strong customer authentication (SCA) rules has been met with opposition from Brussels’ leading consumer protection...
A lack of industry readiness means incoming strong authentication reforms are now expected to cost businesses across the EU a total of €57bn, new research has claimed.
The UK’s Financial Conduct Authority (FCA) has taken the first steps towards delaying controversial strong authentication reforms beyond September’s deadline, PaymentsCompliance can reveal.
Competition pressures are mounting against Apple, at both national and European levels. As well as complaints over access to the hardware underpinning Apple Pay, the technology giant faces fresh...
Canadian officials are floating a proposal to rework infrastructure rules to allow debit card acceptance when connectivity to payment rails is not feasible, such as mass transit, in-flight...
The EU will not extend September’s deadline for online payment security reforms but has not yet ruled out a compromise and is working on providing additional clarity to the industry, an influential...
Germany’s long-standing direct debit-based system of point of sale payments lost ground to the interbank Girocard system for the first time in 2018, with interchange fee reforms prompting merchants...
The UK's sanctions watchdog has hit prepaid card provider Travelex with enforcement action over a £204 transaction, as authorities continue to focus on tackling easily investigated cases.
On May 22, 2019, the Payment Systems Regulator (PSR) released a consultation paper setting out its proposals on its approach to the merchant survey, as part of its initiative to conduct a market...
Authorities in Europe appear to be inching closer to a compromise on incoming strong authentication rules, following sustained warnings the reforms cannot be met in time for September’s deadline.

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