Regulation

01 Jul 20 @ 10:55

The European Commission says that the caps on the interchange fees retailers pay to process debit and credit card transactions have helped push down prices. The EC published a report... read more

30 Jun 20 @ 12:41

Despite some countries, like the UK, adding further extensions to the SCA deadline, the EBA is maintaining its strict ruling that the December 2020 deadline must be met. At present,... read more

23 Jun 20 @ 09:58

The former head of embattled Wirecard has handed himself into German prosecutors after an arrest warrant was issued on Monday. Markus Braun was arrested on suspicion of false accounting and... read more

19 Jun 20 @ 10:50

With the deadline extension to PSD2’s Strong Customer Authentication (SCA) well underway, and the European regulators declining to extend further, there are steps that merchants must take so they can... read more

17 Jun 20 @ 11:40

The UK’s Supreme Court has ruled in favour of a group of retailers including J Sainsbury in the long running battle around historic interchange fees the networks charged leading to... read more

16 Jun 20 @ 16:23

Last week the US House Committee on Financial Services held a virtual hearing about the Digital Dollar or central bank digital currency (CBDC). The event promised to be interesting as two... read more

16 Jun 20 @ 12:23

The EC is launching an investigation into Apple Pay and whether it undermines competition by limiting access to NFC for contactless payment in stores. Margrethe Vestager, the EU’s competition chief,... read more

18 May 20 @ 10:39

EuroCommerce Director-General Christian Verschueren has pressed the European Commission to act on the growing problems facing retailers and wholesalers resulting from the limited scope of the Interchange Fee Regulation (IFR).... read more

11 May 20 @ 16:03

Ingenico Group, Nets Group, Nexi, and Worldline have announced the launch of an EU advocacy alliance bringing together Europe’s independent payment services providers. The “European Digital Payments Industry Alliance” (EDPIA)’s... read more

11 May 20 @ 15:35

The European Central Bank (ECB) says it will look into what a retail central bank digital currency (CBDC) form of the euro might look like. The ECB set up a... read more

06 May 20 @ 12:20

The UK’s Financial Conduct Authority (FCA) has delayed the implementation of Strong Customer Authentication (SCA). This is the second delay is has authorised. Last year, the FCA extended the deadline... read more

01 May 20 @ 09:47

The European Payment Institutions Federation (EPIF) has called for a delay to the implementation of Strong Customer Authentication (SCA) of at least six months in a letter dated 24 April 2020,... read more