SEPA Open Banking Scheme Put On Ice Due To Regulatory Pressures
Efforts to open up the euro’s payment and settlement scheme to wider access via application …
Europe: Euro Banking Association Releases Recommendations to Support PSPs in Detecting/Combating Fraud and Scam
On June 19, 2019, the Euro Banking Association (ABE-EBA), a practitioners’ body for banks and …
Germany Bans First Payment Provider, Threatens Enforcement Campaign
Germany has barred a payment provider from trading with what state regulators maintain are illegal …
Australian Central Bank Gives Non-Banks Faster Payments Leg-Up
Australia’s payments regulator has proposed an overhaul of the country’s real-time payments system, including direct …
PSD2: Authorities Respond To Risk Analysis And Payment Guarantee Confusion
EU authorities have responded to uncertainty about how payment providers should carry out transaction risk …
Australian Instant Payments System Mined By Fraudsters
A weeks-long “misuse” of the simplified payment address system used by Australia’s major payment providers …
Wire Act Ruling A Win For Gambling Payment Processors
A New Hampshire federal court’s ruling that the Wire Act applies only to electronic sports …
UK: PSR Seeks Feedback on Review of Structure of LINK Interchange Fees
On June 6, 2019, the Payment Systems Regulator (PSR) released a consultation paper titled “Considering …
India: Reserve Bank Publishes Report on Benchmarking Payment Systems
On June 4, 2019, the Reserve Bank of India (RBI) published a report on the …