SWIFT releases white paper on transformed payments landscape

On October 17th, 2018, the global provider of secure financial messaging services (SWIFT) has published a white paper on the evolution of the European payments landscape. The paper discusses how change in wholesale and retail payments across the world is on its way and that it has set a clear path for financial market infrastructure renewal [...]

SWIFT releases white paper on transformed payments landscape2018-10-30T12:58:44+00:00

Fraud reporting under PSD2

The implementation of PSD2 will enable Third Party Payment Providers in executing payments on behalf of their customers, thus heightening the risk of fraudulent transactions. This is the main reason why the European Banking Authority (EBA) has developed Guidelines in cooperation with the European Central Bank (ECB) to ensure implementation of high-level fraud reporting requirements [...]

Fraud reporting under PSD22017-12-04T12:33:07+00:00

EBA sets due date for PSD2 implementation and security measures standards

PSD2 will become effective as of January 13th 2018, which does not apply to the security measures as outlined in the RTS. The use of the measures will become mandatory 18 months after publication of the RTS in the Official Journal of the European Union, which is scheduled for September 2019. The RTS has made [...]

EBA sets due date for PSD2 implementation and security measures standards2017-11-30T08:48:40+00:00

New RTS on Home Host cooperation under PSD2

On 27 October 2017, The European Banking Authority (EBA) launched a public consultation on draft regulatory technical standards (RTS) specifying the framework for cooperation and the exchange of information between competent authorities under the revised Payment Services Directive (PSD2). The RTS also clarify the type of information as well as the templates to be used [...]

New RTS on Home Host cooperation under PSD22017-11-02T14:33:08+00:00

EBA establishes final PSD2 standards on open and secure electronic retail payments for consumers

On February 23rd 2017, the European Banking Authority (EBA) announced the final Regulatory Technical Standards (RTS) on secure customer verification and communication. The European Central Bank (ECB) and EBA have been working closely together in order to finalise the RTS under the PSD2 regulation. The final RTS offers a strong foundation for an open and [...]

EBA establishes final PSD2 standards on open and secure electronic retail payments for consumers2017-02-28T09:54:45+00:00

Our view on the impact of the PSD2 regulation

The current Financial Services arena is being disrupted by complex innovative technology changes. One such innovation is the new Payments Services Directive 2 (PSD2). Thanks to the implementation timeframes for PSD2, 2018 will be a game-changing year for the majority of players in the Financial Services industry. Many fear the scope and impact of the [...]

Our view on the impact of the PSD2 regulation2017-02-02T13:28:36+00:00