Payments News

On The Web

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Domains

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

“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

PSD2: Real-time processing? Not so fast

“Industry experts observe that while the revised Payment Services Directive (PSD2) represents an opportunity for corporate treasury to take advantage of real-time payment processing, it will take some time for the full benefits to be realised.”
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Regulation

European Payments Industry Group Seeks Additional Extension on PSD2-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

“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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Regulation

Worldpay Launches Solution to Optimize Payments Under PSD2 Regulations

“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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Domains

Nordea takes Open Banking beyond 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

EBA Goes Live With Its Central Register of Payment and Electronic Money Institutions Under 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. […]
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Regulation

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

“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 […]