UK Finance has criticised the burden on firms caused by a disjointed supervisory landscape in the UK, calling for better coordination between authorities and a more sophisticated understanding of...
A law passed on Tuesday by the European Parliament will see payment firms in member states subject to a bevy of new requirements as they are recruited into the fight against e-commerce VAT fraud.
Tighter EU controls on card security are already pushing fraud into other areas, with scammers targeting mobile authentication apps and “global wallet” payment instruments, new research has shown.
A consortium of U.S. retail associations and debit networks have accused Visa and Mastercard of using EMVCo standards as a vehicle for restricting competition and protecting revenue despite...
The Financial Conduct Authority has said payment service providers must act quickly to push merchants into compliance with EU rules on strong customer authentication (SCA) for online card payments.
The European Banking Authority (EBA) has responded to industry confusion about how strong authentication reforms apply to in-flight offline payments and consecutive low-value online transactions.
The chief executive of a U.S. payments processor is being charged in connection with an alleged plan to funnel illegal political contributions during the 2016 presidential campaign.
Europol has made further efforts to thwart the use of money mules by criminal enterprises, making 228 arrests in its latest spate of action against a practice relied upon by money launderers.
European payments firms look set to spend much of next year’s strong authentication grace period devising ways of implementing one-time passwords via SMS, even as they acknowledge that such...
Senior members of OneCoin, the alleged $4bn Ponzi scheme based on a non-existent cryptocurrency, recently obtained permission to operate virtual currency exchanges and provide digital wallets in...
UK banks have agreed to fund reimbursement for fraud victims for an additional three months, although consumer groups have labelled the measure a “stopgap” and called for regulatory intervention.
Lawyers in the London office of international firm Locke Lord gave advice to since-disappeared “cryptoqueen” Ruja Ignatova despite being aware her investment scheme OneCoin may have been a scam, US...
The European Banking Authority (EBA) has revealed it would have set a stricter deadline for member states to enforce new payment security rules under the revised Payment Services Directive (PSD2),...
The European Banking Authority (EBA) has acknowledged there were “teething problems” around the introduction of third-party account access reforms, but said the fragmented picture across the...
U.S. fraud experts and consumer rights advocates have urged lawmakers not to let screen scraping form part of any open banking initiative, calling for laws to be extended to ensure the introduction...
Regulators must be wary of the risks posed by banks providing account access to unregulated fintechs as open banking models take shape, an influential group of central banks has warned.

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