As contactless transactions boom, EU regulators publish draft guidelines on the interplay between the GDPR and PSD2.
Last year, more than half of all payments in the UK were made by card and contactless methods, while cash...more
11/4/2020
/ Anti-Money Laundering ,
Anti-Terrorism Financing ,
Data Protection ,
EU ,
European Data Protection Board (EDPB) ,
Financial Institutions ,
General Data Protection Regulation (GDPR) ,
Member State ,
New Guidance ,
Payment Systems ,
Personal Data ,
PSD2
The report encourages the G20 to consider a broad set of supervisory principles when evaluating global stablecoin arrangements.
On April 14, 2020, the G20’s Financial Stability Board (FSB) published a consultation on the...more
While the payments industry scrambles to meet new standards for APIs, the FCA grants an extension for SCA compliance.
In an effort to evaluate the readiness of banks to comply with the revised EU Payment Services Directive...more
8/25/2019
/ APIs ,
Dear CEO Letter ,
E-Commerce ,
Electronic Payment Transactions ,
Enforcement Actions ,
EU ,
European Banking Authority (EBA) ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Financial Services Industry ,
Internet Retailers ,
Payment Services Directive ,
PSD2 ,
UK
New directive disrupts the EU payments regulatory regime. A series of Client Alerts will follow ongoing developments related to PSD2.
Key Points:
..By expanding the accessibility of customer account information,...more