On The Web

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Regulation

Three Things Every Payments Professional Needs to Know About PSD2

March 19 2019

• in
• GDPR
• PSD2

“If 2018 was the year of GDPR, 2019 is the year of European Payment Services Directive (PSD2) – particularly for those working in the payments, banking or retail sectors.”

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Regulation

Modulr Joins UK’s Faster Payment Service to Accelerate Payments

November 8 2019

• in
• Faster payments
• PSD2

“Payments as a Service platform Modulr has joined Faster Payment Service (FPS), a UK banking initiative to reduce payment times. The fintech also holds an account in the Bank of England’s (BoE) Real-Time Gross Settlement (RTGS) system, authorising it to make settlements in central bank money.”

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Domains

Using a selfie to verify your online card payment – the technology is here

September 17 2018

• in
• PSD2
• Remote Commerce

“Mastercard is hoping its Identity Check solution will become the technology of choice for banks looking to meet new requirements for verifying identities online as set out in the (Revised Payment Service Directive) (PSD2) legislation. The technology, which has been developed in part at the Mastercard Labs facility in Leopardstown, enables users to use biometric identifiers […]

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Regulation

European Payments Industry Group Seeks Additional Extension on PSD2-SCA

October 4 2019

• in
• PSD2
• Strong Customer Authentication (SCA)

“he European Association of Payment Service Providers for Merchants, which represents industry members in 16 countries, is urging regulators to provide a longer extension to the PSD2-SCA deadline amid concerns that many sectors will face significant disruption without additional time.  The group sent an open letter to regulators on Wednesday asking regulators to push for […]

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Regulation

UK Open Banking Implementation Entity Launches New Fingleton And ODI Report Examining The Purpose, Progress And Potential Of Open Banking

July 17 2019

• in
• PSD2

“Some key priorities and recommendations for Open Banking identified within the report include improving payments capabilities and refund functionality, the development of Premium APIs and improving consent protections for consumers. In addition to this, and echoing recent reports from BEIS, the Furman Review, the Smart Data Review, amongst others, it is clear that the Open […]

On The Wires

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Domains

Nordea takes Open Banking beyond PSD2

December 18 2018

• in
• Open banking
• PSD2

“Nordea is launching Instant Reporting, a new Open Banking solution that enables corporate customers to access their own accounts and integrate real-time data with their own systems and processes. It is the first offering from Nordea that moves beyond legal requirements in PSD2 and turns Open Banking into a commercially viable product.”

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Regulation

New Payment Method for Air Tickets Successfully Demonstrated

January 14 2019

• in
• PSD2
• Real-Time Payments

“The International Air Transport Association (IATA) announced the successful completion of the first “IATA Pay” ticket purchase transaction in a live test environment. The transaction was conducted in partnership with ipagoo, a UK-based fintech company.”

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Regulation

Token.io and Konsentus Launch Fast PSD2 Compliance Solution by Combining Turnkey PSD2 API With Automated TPP Verification

March 27 2019

• in
• PSD2

“With PSD2’s Regulatory Technical Standards (RTS) deadline passed, European FIs are under pressure to move quickly to deliver open APIs for testing. The Token and Konsentus partnership enables FIs to fast-track PSD2 compliance by connecting to a managed combination of two best-of-breed open banking technology platforms. By connecting banks and FIs to its SaaS PSD2 […]

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Regulation

Worldpay Launches Solution to Optimize Payments Under PSD2 Regulations

June 4 2019

• in
• PSD2

“With the PSD2 requirement for Strong Customer Authentication (SCA) going into effect on Sept. 14, 2019, Worldpay, Inc. (NYSE: WP ) will launch the Exemption Engine for Strong Customer Authentication (SCA) merchants operating in the European Economic Area (EEA) to reduce friction from the online checkout experience. Under the SCA requirement, only an acquirer can file exemptions […]

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Regulation

EBA Goes Live With Its Central Register of Payment and Electronic Money Institutions Under PSD2

March 19 2019

• in
• PSD2

“The European Banking Authority (EBA) launched today its central electronic register under the Payments Services Directive (PSD2). The register will provide information on several thousand payment and electronic money institutions and 150,000 agents within the EU. Its objective is to increase transparency and ensure a high level of consumer protection within the European Single Market. […]