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Cybersecurity data threat report: Trends in encryption and data security
The harsh realities of the current state of cybersecurity are made starkly apparent by the seemingly endless reports of major data breaches, which continue unabated despite consistent increases in IT security spending. This ongoing game of cat-and-mouse suggests that the tactics, sophistication and motivation are helping global attackers stay at least one step ahead of [...]
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An interview with Worldline CEO Gilles Grapinet: PSD2 – a goldmine of opportunities
On January 13 the Revised Payment Services Directive, PSD2, came into force across the EU. Worldline’s CEO Gilles Grapinet speaks in a new interview about the huge opportunities for banks, large retailers, and FinTechs with PSD2, and especially points out that the banks need to realise that only complying with the PSD2 can lead to [...]
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Interchange fee rules ‘Not Fit For Purpose’ ahead of EU review
European retail organisations have called on authorities to expand the scope of interchange fee controls to tackle other “stupendous” charges imposed by card schemes, as new rules banning merchants from recovering costs from consumers enter into force. The European Commission is set to review the effectiveness of the Interchange Fees Regulation (IFR) over the next [...]
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Future of European Fintech Alliance statement on the final Regulatory Technical Standards (RTS) on strong customer authentication
The Future of European Fintech Alliance, consisting of 72 European FinTechs, challenger banks and FinTech associations, has taken note of the final Regulatory Technical Standards (RTS) on strong customer authentication and secure communication under PSD2 adopted by the European Commission. The text constitutes a workable compromise between the interests of the incumbent banking industry on [...]
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Major UK retailers unaware and unprepared in the face of PSD2
New research has revealed that major UK retailers are unaware, unprepared and paralysed ahead of the Second Payment Services Directive (PSD2) set to go live on January 13th. The research, from Consult Hyperion and tech PR consultancy CCgroup, notes that PSD2 requires banks to grant third-party providers – including retailers – access to a consumer’s bank account [...]
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