Singapore’s top financial regulator has launched a second consultation on reforms to its payment services laws, taking on board industry feedback to fine tune its wide-ranging proposals.
On November 21, 2017 the Australian government published a consultation on fees for paper bills following a regulatory impact assessment that the Treasury undertook in August 2017....
The “redirection” method many banks plan to use to authenticate customers using third-party providers may not be compliant with the revised Payment Services Directive (PSD2), experts claim.
The UK’s nine largest banks will only allow “whitelisted” third-party providers to use their technological interfaces for account access, a bid to take fears over payment fraud into their own hands.
Canada’s competition watchdog has published a series of recommendations for innovation in the payments sector, signaling support for a move towards open banking in the country.
On November 16, 2017, American Express FX International Payments teamed up with Santander to provide real-time payment processing. This endeavour is supported by Ripple, which offers enterprise...
India’s new regulatory regime for prepaid wallet providers is expected to push an overly crowded market towards consolidation, experts have suggested.
Governance and funding have emerged as the next big issues that need to be tackled by the UK Open Banking Implementation Entity, as industry experts warn that unbalanced executive boards could...
China’s trillion dollar payment services market has been left out of plans to open the country's financial sector to foreign investment.
The European Commission is confident its final regulatory technical standards on authentication and third-party access will gain final cross-EU approval, as regulators move to reassure businesses...
On November 13, 2017, ACI Worldwide (ACI) announced that Payments Network Malaysia (PayNet) has decided to use ACI's services and solutions to build a real-time retail payments platform (RPP) in...
A new “innovation forum” chaired by the European Central Bank and European Commission will meet later this month to discuss the potentially transformative impact instant payments and incoming...
On November 8, 2017, PayPal announced that it has launched its domestic payments platform in India as an attempt to expand its business in the country....
On November 3, 2017, the Central Bank of Aruba released a position paper on the necessary steps to be taken towards the implementation of a new, faster and secure payment infrastructure that is of...
An industry initiative seeking to clarify aspects of the revised Payment Services Directive (PSD2) and its accompanying security rules has been hailed by senior EU officials as an opportunity to...
Belgian officials have admitted they will be late to transpose the revised Payment Services Directive (PSD2) due to delays in the legislative process, confirming that a draft law will not be...

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