New Zealand Banks To Launch ‘Confirmation of Payee’ Service By November
New Zealand’s retail banks will begin rolling out the new “Confirmation of Payee” service by …
Nearly Half Of Payment Firms Not Compliant With Consumer Duty, FCA Reveals
The UK’s Financial Conduct Authority (FCA) has published findings from its review of 23 payments …
Verification Of Payee Becoming Certified Problem For EU PSPs
Verification of Payee (VoP) rules go live in the EU one year from now, and …
Concerns Remain As £85,000 UK Reimbursement Cap Takes Effect
Despite a last-minute reduction in the cap, UK payment service providers are worried that the …
UK Government Authorises PSPs To Tackle Fraud By Slowing Down Payments
New rules that aim to protect consumers by extending the maximum delay for suspicious payments …
Payment Groups Express Concern Over ECB Non-Bank Access Policy
Lobbyists representing the payments and fintech industries in the EU have urged the European Central …
EBA's Latest Q&As Offer Increased Clarity On PSD2 Implementation
The European Banking Authority (EBA) has published three new Q&As covering transaction risk analysis, inactivity …
Regulatory Influencer: The FCA's Safeguarding Overhaul
The UK’s Financial Conduct Authority (FCA) has unveiled its long-awaited proposals to overhaul the safeguarding regime …
Fair Value Emerges As Key Consumer Duty Challenge For UK Firms
Assessing fair value has been a difficult task for payments and e-money firms operating in …