On May 27, 2019, the European Payments Council (EPC) published two documents: a clarification paper on SEPA Credit Transfer (SCT) and SEPA Instant Credit Transfer (SCT Inst) Rulebooks (Version 1.4)...
On March 1, 2018, the Chamber of Deputies approved the Law to Regulate Financial Technology Institutions, known as the Fintech Law. The law aims to regulate financial services provided by financial...
European retailers, acquirers and issuers are braced for chaos. This Saturday, highly controversial payment security rules go live across the EU, and although almost all member states have agreed...
Austria regulators have announced they will delay enforcement of impending account access reforms and allow screen scraping to continue, in a last-minute reprieve for third-party providers.
U.S. enforcement authorities have shot a warning to firms seeking to build an international payment network based on cryptocurrency, emphasising the need to obey its anti-money laundering (AML)...
On June 13, 2018, the Payments System Regulator (PSR), in its capacity as the regulatory body that promotes competition and innovations and ensures that the payment system operates effectively and...
Facebook has announced it intends to apply for a payment system licence from the Swiss Financial Market Supervisory Authority (FINMA) to cover Libra, its controversial cryptocurrency project.
Hungary’s central bank has announced it will allow a 12-month transition period before enforcing new strong customer authentication rules for online card payments, due to take legal effect at the...
A coalition of payments industry giants, retail groups and card schemes has written to the European Banking Authority (EBA) urging it to make a decision on how long member states can delay...
Authorities in Denmark have confirmed enforcement of strong customer authentication (SCA) rules will be delayed by 18 months, while neighbouring Sweden has also confirmed it will be flexible around...
Swiss regulators have reiterated their “stringent” approach to anti-money laundering (AML) compliance for blockchain-based payment services as they issued the first licences to crypto-focused banks.
The European Payments Council (EPC) has released its final draft on mobile-initiated SEPA credit transfer interoperability implementation guidelines for a three-month public consultation....
On August 26, 2019, the Swiss Financial Market Supervisory Authority (FINMA) published guidance on payments on the blockchain. ...
On August 23, 2019, the State Bank of Vietnam (SBV), the Australian Department of Foreign Affairs and Trade (DFAT) and the Asian Development Bank (ADB) signed a memorandum of understanding (MoU) on...
U.S. House Financial Services Committee chairperson Maxine Waters has said a meeting with the Swiss officials who will oversee the consortium governing Facebook’s Libra cryptocurrency has failed to...
Swedish fintech Tink has written to regulators across Europe pleading for flexibility around next month’s open banking reforms, claiming its latest survey of banks shows there is not a single...

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