Acquiring, Apple Pay, Contactless, Daily news, Interchange Fee, Issuing & Acquiring, LCR, Least Cost Routing, M-Commerce, Mobile payments, Mobile Wallet, POS Terminals, RBA, Regulation, Reserve Bank of Australia -

The Reserve Bank of Australia (RBA) has announced a marked change in its position on Least Cost Routing (LCR) – how banks and credit card companies prioritise payments in the... read more

The post Reserve Bank of Australia shifts position on Least Cost Routing appeared first on Payments Cards & Mobile.

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Biometrics, Cyber Security, Daily News, E-Commerce, EBA, European Banking Authority (EBA), Fraud & Security, Identity, Issuing & Acquiring, PSD 2, PSD2, RBA, Risk Based Authentication, strong customer authentication -

The European Banking Authority says it will relax its proposed (preposterous) PSD2 rules on a requirement for strong customer authentication for all payments under €10, after receiving a huge number of complaints from industry participants who claimed that the mandate would lead to more declined transactions and abandoned purchases at the checkout. In a speech in London [...]

The post The EBA relents on PSD2 authentication, but is it enough? appeared first on Payments Cards & Mobile.

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