Russia: Draft Law to Establish New Requirements for Registering Electronic Wallets and Other Foreign Electronic Payment Instruments
On December 7, 2018, a group of State Duma MPs submitted a draft law on …
New CoP On The Beat: UK Sets New Deadline For Anti-Fraud Measure
The Payment Systems Regulator has ordered the UK’s largest banks to implement a name-check system …
Industry Heavyweights Join Forces To Seek 18-Month SCA Delay
Europe’s largest payment providers have joined forces to ask authorities for a harmonised 18-month transition …
Aussie Faster Payments Platform To Fine Sluggish Banks
Australia’s faster payments operator has responded to demands from the central bank to force members …
Australia: New Payments Platform and KPMG Issue Joint Report on Industry’s Approach to Minimising Real-Time Payments Fraud
On May 17, 2018 the New Payments Platform (NPP), in collaboration with KPMG, published a …
UK: PSR Launches Follow-Up Consultation on Its Revised Proposal on Confirmation of Payee and Draft Legal Text of Proposed Direction
On May 9, 2019, the Payment Systems Regulator (PSR) initiated a follow-up consultation on confirmation …
UK: Payment Systems Regulator Publishes Specific Direction 10 (Confirmation of Payee)
The Payment Systems Regulator (PSR) has published the finalised version of its Specific Direction 10 …
Russia: E-Money and Remittance Association Issues Statement on Amendments to Payments Legislation
On July 29, 2019, the Russian Electronic Money and Remittance Association (REMA) published a statement …
European Regulators Seek Harmony On Strong Authentication Delay
National regulators are pushing for a harmonised pan-European transition period on enforcing new strong authentication …