On August 14, 2019, the European Banking Authority (EBA) published responses to the fifth set of issues (XXI to XXVI) raised by participants of the working group on application programming...
Industry groups say the decision by UK regulators to delay enforcement of strong authentication reforms will help steer firms away from a “cliff edge” next month, despite the decision not to give...
The UK’s Financial Conduct Authority (FCA) has formally agreed to grant payment providers an additional 18 months to comply with new strong authentication rules.
UK firms are hoping to seize on regulators’ increasing leniency around incoming strong customer authentication (SCA) reforms, seeking further flexibility on contactless card transactions.
In its final plea for leniency on September’s strong authentication reforms, industry group UK Finance has requested an 18-month transition period — with a six-month carve out for issuers...
On August 9, 2019, the Financial Action Task Force (FATF) released a mutual evaluation report (MER) on Cape Verde regarding the country's anti-money laundering and counter-terrorism financing (AML...
Ireland’s payments regulator has become the latest authority to confirm it will delay the enforcement of incoming EU rules on strong customer authentication (SCA), as it called for a collective EU...
The Dutch central bank has become the latest regulator to offer a transition period for firms to comply with incoming EU rules on strong customer authentication (SCA) designed to tackle payment...
Challenger bank Monzo is among some of the UK’s best-known lenders who have still not signed up to a voluntary industry code to reimburse victims of spiralling push payment fraud.
An industry-funded anti-fraud unit in the UK has doubled its success in bringing down organised crime groups, preventing £6.8m of fraud in the first half of 2019, although the amount of actual...
Uncertainty about when national authorities will start enforcing EU-wide strong authentication rules risks causing a stalemate over customer communications, industry figures have said.
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 August 6, 2019, the Asia/Pacific Group on Money Laundering (APG) published the third enhanced follow-up report and technical compliance re-rating of Bangladesh. This follow-up report provides...
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...

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