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.
Criminal groups are using cryptocurrencies in conjunction with prepaid cards, bank accounts and gambling services to launder illicit funds, according to extensive new research by blockchain...
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...
On August 2, 2019, the Treasury Select Committee released the 35th report of session 2017-19 titled “The work of the Financial Conduct Authority: the perimeter of regulation”, which contains...
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.
UK lawmakers have called for greater powers to be granted to the country’s Financial Conduct Authority (FCA) as the rapid rate of technological change stretches the boundaries of what it can do.
The Payment Systems Regulator (PSR) has published the finalised version of its Specific Direction 10 (confirmation of payee), by means of which it requires members of the UK’s six largest banking...
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...
European fintechs have written to national regulators to express “grave concern” over the quality of application programming interfaces (APIs) being readied by banks, reiterating calls for...
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...
National regulators are pushing for a harmonised pan-European transition period on enforcing new strong authentication rules, although consensus may not be reached until after September’s official...
Industry associations representing banks and third-party providers across the EU have reached an agreement over account access designed to minimise customer detriment once new rules take effect in...
Indian authorities have proposed banning cryptocurrencies entirely within the country, a move which experts said would be particularly damaging because of the broad definition of the technology.
On July 22, 2019, the National Crime Agency (NCA) published its annual report and accounts for 2018-19. The National Strategic Tasking and Coordination Group (NSTCG) has determined that based on...

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