EU industry groups are making a last-ditch lobby effort on access to accounts, transaction fraud rates and corporate payments as the European Commission considers whether to make changes to the...
State financial regulators in the U.S. are suing the Office of the Comptroller of the Currency (OCC) over its plans to create a national non-bank charter for fintech firms, as the row intensifies...
Industry insiders are warning that uncertainty over the direction of EU financial crime reforms could leave payments firms facing an uphill struggle to meet future changes.
Non-profit pressure group Allied Progress has restated its support for the Consumer Financial Protection Bureau’s rule on prepaid accounts, despite industry joy about the six-month delay of its...
On April 24, 2017, Vitas Vasiliauskas, the chairman of the board of the Bank of Lithuania, held a meeting with the International Monetary Fund (IMF) to discuss economic developments across euro...
Industry researchers believe European officials may amend the European Banking Authority's proposed rules allowing providers to bypass certain security checks if fraud rates are sufficiently low.
European officials have dismissed suggestions from the UK government that the EU’s top banking and payments regulator could remain headquartered in London after Brexit.
UK regulators have made further progress in transposing the revised Payment Services Directive (PSD2) into national law, launching two consultations on implementation, supervision and enforcement...
The European Parliament’s rapporteur for fintech has told PaymentsCompliance that she is optimistic a regulatory action plan on innovative financial technology can be produced within months.
On December 13, 2016, the Article 29 Data Protection Working Party (WP29) adopted various General Data Protection Regulation (GDPR) guidelines and FAQs on the right to data portability, data...
On February 17, 2017 the European Central Bank (ECB) announced a public consultation on draft amendments to the ECB 
regulation on reporting of supervisory financial information, which aim to...
As the European Commission attempts to find a solution to long-running hostility between banks and third-party payment providers, PaymentsCompliance examines the dispute over security, screen...
The revised Payment Services Directive (Directive (EU) 2015/2366), also known as PSD2, has brought a set of obligations for the European Commission, the European Banking Authority (EBA), EU member...
Consumers will be allowed to establish a “whitelist” of trusted recipients for card payments, EU regulators have confirmed, after Mastercard raised concerns that proposed security standards might...
European authorities have issued draft guidelines requiring payment firms to implement real-time monitoring systems to detect and prevent the abuse of fund transfer firms by money launderers.
As the EU launches an unprecedented cross-sector consultation on whether to craft new laws specifically directed at emerging financial technology, PaymentsCompliance speaks to the European...

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