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API, Basel Committee, Basel Committee on Banking Supervision, customer-permissioned data sharing, Daily news, GDPR, Identity, Mobile Banking, Open Banking, PSD2, Regulation, Risk & Compliance -

Open banking is an evolving trend in many jurisdictions and authorities have responded by taking a broad range of actions in recent years. In its recent, the Basel Committee on... more

The post Basel Committee Open Banking report focuses on customer-permissioned data sharing appeared first on Payments Cards & Mobile.

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API, Daily news, FinTech, Mobile Banking, Open Banking, Payment Services Directive (PSD2), PSD2, Strong Customer Authentication, Third party providers (TPPs) -

Around the world, banks are opening up their customers’ financial data (with the customers’ consent) to third parties through application programming interfaces (APIs). The global trend of Open Banking allows... more

The post Open Banking: Consumer appetite for new banking services appeared first on Payments Cards & Mobile.

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API, Daily news, E-Money, FinTech, Identity, Open Banking, PSD2, Regulation, Strong Customer Authentication -

Last month, the European Banking Authority (EBA) announced an 18-month delay to the implementation of Strong Customer Authentication (SCA). However, the delay to PSD2 – which follows UK FCA’s own... more

The post 97% of merchants are already looking to leverage PSD2 appeared first on Payments Cards & Mobile.

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Daily news, FinTech, GDPR, governance, Issuing & Acquiring, payments industry governance, payments industry trends 2020, Payments News, payments trends 2020, PSD2, Regulation -

The dynamic payments industry continues to expand and evolve, with digital payment vehicles and transaction volumes growing across the globe. Over the past year, industry incumbents have been responding to... more

The post Governance of payments industry a key trend for 2020 appeared first on Payments Cards & Mobile.

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API, Contracts, Daily news, Mobile Remittance, Open Banking, Open Banking API, PSD2, Remittance, SCA, Strong Customer Authentication -

Western Union has deployed full Open Banking application programming interface (API) access to its supporting front-end domestic and international payment applications through its Western Union Business Solutions unit. This new... more

The post Western Union delivers Open Banking API for global payments appeared first on Payments Cards & Mobile.

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