Technological innovation coupled with a surge in online shopping is changing the payments sector, exposing banks to fresh competition and consumers to greater security threats. In 2017 alone, unauthorised financial fraud amounted to a huge £732 million. This has prompted…
Mar 20, 2018
The revised Payment Services Directive (PSD2) and Open Banking were officially launched on 13 January 2018. The Open Banking initiative gives third parties (such as fintechs and tech companies) access to data held by the main retail banks. This promises…
Feb 07, 2018
A revised Payment Services Directive (PSD2) was implemented on 13 January 2018. The original directive (PSD) was adopted in 2007, creating a single market for payments and thus the legal foundation for a Single Euro Payments Area (SEPA). Technological innovation…
The European Banking Authority (EBA) launched a public consultation regarding the revised Payment Services Directive (PSD2) on 2 August 2017. The consultation focuses on the EBA’s draft guidelines on reporting requirements on statistical data on fraud under the PSD2. The…
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