Major banks and payment providers are in talks with the Dutch central bank over delaying enforcement of incoming strong customer authentication (SCA) rules, taking inspiration from existing...
On May 21, 2019, the Ministry of Finance issued a public consultation on amendments to the Payment Systems Act in light of the adoption of Regulation (EU) 2019/518 on cross-border payments (the...
The UK competition regulator has issued a rare order to payments provider Bottomline to unwind part of its acquisition of a competitor’s payment gateway.
Singapore has introduced a suite of new cyber-hygiene requirements for financial services firms, despite resistance from payment providers still getting to grips with comprehensive reforms across...
The card industry’s global security standards body has warned e-commerce sites and their suppliers to be wary amid what cybersecurity researchers say is a surge in online payment data theft.
The U.S. Federal Reserve has announced it will establish a round-the-clock real-time payment settlement system, following Congressional debates over whether or not to leave the project to industry.
On December 7, 2018, a group of State Duma MPs submitted a draft law on amendments to Law No. 161 FZ "On national payment systems", June 27, 2011, to establish new requirements for registering...
Italy has become the latest EU member state to acknowledge the European Banking Authority’s flexibility on enforcing incoming strong authentication rules, as national regulators’ positions...
On August 2, 2019, the Financial Supervisory Authority (Finansinspektionen - FSA) issued a consultation on the draft updated rules and regulations on the management of operational risks in...
As Portugal’s economy continues to show signs of recovery, the country’s payment system is being transformed, driven by the transposition of the revised Payment Services Directive (PSD2) and the EU...
Europe’s largest payment providers have joined forces to ask authorities for a harmonised 18-month transition period before enforcing new security rules for online card payments.
The Payment Systems Regulator has ordered the UK’s largest banks to implement a name-check system designed to fight push payment fraud by March 2020, after heavy criticism of delays to the scheme.
On May 9, 2019, the Payment Systems Regulator (PSR) initiated a follow-up consultation on confirmation of payee (CoP), including its revised approach alongside the legal text of the proposed...
On October 29, 2018, the Reserve Bank of Australia (RBA) launched a consultation seeking feedback on issues regarding the functionality of, and access criteria to, the New Payments Platform (NPP),...
On July 30, 2019, the Bank of Italy published information on new services for accessing payment accounts under the revised Payment Services Directive (PSD2)....
On July 29, 2019, the Russian Electronic Money and Remittance Association (REMA) published a statement in regard to amendments to payments legislation which bans depositing to anonymous electronic...

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