EBA consults on the draft guidelines on the limited network exclusion under the PSD2
July 16, 2021
On 15 July 2021, the European Banking Authority (EBA) issued a consultation paper on draft guidelines that set out its view on the application of the limited network exclusion requirements, which certain payment instruments might benefit from, as laid down in the revised Payment Services Directive (PSD2).
ASIC seeks feedback for important updates to the ePayments Code and mandate its effect
June 26, 2021
ASIC has recently published a consultation paper seeking comments from stakeholders on a number of long-awaited updates to the ePayments Code (the Code), which has not been updated since 2010.
Global payments perspectives
June 26, 2021
The payments industry continues to expand and evolve, with increasing payment volumes, new payment technologies and infrastructure and continued change in consumer spending habits leading to rapid growth in recent years.
The Payment and Electronic Money Institution Insolvency Regulations 2021
June 21, 2021
On 17 June 2021, there was published on the legislation.gov.uk website The Payment and Electronic Money Institution Insolvency Regulations 2021 together with an explanatory memorandum.
EBA report on the data provided by PSPs on their readiness to apply SCA for e-commerce card-based payment transactions
June 14, 2021
On 11 June 2021, the European Banking Authority (EBA) issued a report on the data provided by payment service providers (PSPs) on their readiness to apply strong customer authentication (SCA) for the subset of payment transactions that are e-commerce card-based payment transactions.
EBA calls on national authorities to take supervisory actions for the removal of obstacles to account access under the Payment Services Directive
February 23, 2021
On 22 February 2021, the European Banking Authority (EBA) issued a regulatory opinion on supervisory actions Member State competent authorities (NCAs) should take to ensure banks remove any remaining obstacles that prevent third party providers from accessing payment accounts, which restrict EU consumers’ choice of payment services.
PSR plans to bolster protections in payments
February 12, 2021
On 11 February 2021, the Payment Systems Regulator (PSR) issued two calls for views seeking greater protections for people using payment systems: one relating to the protections against authorised push payment (APP) scams, and the other looking more broadly at consumer protection in interbank (bank-to-bank) payments.
European Commission asks ESAs for technical advice on digital finance
February 11, 2021
On 2 February 2021, the European Commission (the Commission) sent a request to the European Supervisory Authorities (ESAs) for technical advice on digital finance and related issues.
SEPA Request-To-Pay Scheme Rulebook
December 01, 2020
On 30 November 2020, the European Payments Council (EPC) published version 1.0 of the SEPA Request-To-Pay (SRTP) Scheme Rulebook.
EBA consults on the revision of the Guidelines on major incident reporting under PSD2
October 15, 2020
On 14 October 2020, the European Banking Authority (EBA) issued a public consultation to propose revising the guidelines on major incident reporting under the revised Payment Services Directive (PSD2).