Regulation

13 Feb 25 @ 11:53

Australia’s banking sector is pushing for urgent legislative reform to modernise the country’s payments regulations framework, as digital transactions, particularly mobile wallet payments, soar. With Australians making over 500 million... read more

11 Feb 25 @ 09:56

In a significant policy reversal, the European Commission has decided to withdraw its proposed Financial Data Access (FiDA) framework, a move that has elicited varied reactions across the financial sector.... read more

17 Jan 25 @ 17:10

The digital payments landscape continues to grapple with regulatory scrutiny, as demonstrated by recent settlements involving industry heavyweights American Express and Block (formerly Square). These cases underscore the increasing importance... read more

16 Jan 25 @ 11:00

Baring its now sharp teeth again, the Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Capital One, and its parent company, Capital One Financial Corp., accusing the bank... read more

13 Jan 25 @ 19:27

European instant payments are about to speed up. The new SEPA (Single European Payments Area) Credit Transfer mandate (SCT Inst) has taken root and deadlines for implementation are as soon... read more

13 Jan 25 @ 19:11

The Digital Operational Resilience Act (DORA) is set to reshape the EU financial services landscape, introducing comprehensive security requirements to bolster the sector’s cyber resilience. Effective from 17 January 2025,... read more

10 Jan 25 @ 14:02

The European Union (EU) has long championed digital payments as a safer, faster and more cost-effective alternative for consumers and businesses. While the value of retail digital payments in the... read more

09 Jan 25 @ 17:58

In an unusual about-turn, the UK’s Payment Systems Regulator (PSR) issued a statement confirming the implementation date for the APP fraud (Authorised Push Payments) protections to come into effect, and... read more

09 Jan 25 @ 17:43

The European Union’s Instant Payments Regulation (IPR), which came into force in April 2024, marks a pivotal step in moving the financial landscape across the Single European Payments Area (SEPA)... read more

18 Dec 24 @ 11:48

As the January 17, 2025, deadline for the Digital Operational Resilience Act (DORA) draws near, financial institutions across the EU are under pressure to enhance their cybersecurity and operational resilience.... read more

11 Dec 24 @ 11:21

The UK’s Financial Conduct Authority (FCA) has unveiled a long-awaited consultation on safeguarding requirements for UK payments firms, setting the stage for substantial regulatory shifts in the industry. While the... read more

10 Dec 24 @ 15:46

The Financial Data Access (FiDA) Regulation, currently under consideration by the European Parliament and Council, represents a significant milestone in the development of Open Finance within the EU/EEA. However, industry... read more