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EBA clarifies Strong Customer Authentication requirements for PSPs
The European Banking Authority has published an Opinion on the implementation of the Regulatory Technical Standards on Strong Customer Authentication and common and secure communication. It has also published a... more
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Delivering Strong Customer Authentication to support PSD2 Compliance
A new Whitepaper states that the EU Payment Services Directive (PSD2) will undoubtedly facilitate innovation, competition, and efficiency among banks and other payment institutions, especially around Strong Customer Authentication. While... more
The post Delivering Strong Customer Authentication to support PSD2 Compliance appeared first on Payments Cards & Mobile.
Smart Payments Association position on the RTS on SCA
On 13 March 2018, the regulatory technical standard (RTS) on strong customer authentication (SCA) was finally published in the Official Journal of the European Union – some twenty months after the European Banking Authority (EBA) issued the first draft. Representing a fundamental regulatory pillar in the battle to combat the expected growth in payment fraud [...]
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PSD2 open banking: The ticking timebomb for financial institutions
The overall idea behind PSD2 open banking is not new, Yodlee and others have for a while aggregate accounts, and they have done this through a process known as screen scraping. Now though the world is changing and radically. The first and most important point to make is what has been published by the EU [...]
The post PSD2 open banking: The ticking timebomb for financial institutions appeared first on Payments Cards & Mobile.
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 [...]
The post Future of European Fintech Alliance statement on the final Regulatory Technical Standards (RTS) on strong customer authentication appeared first on Payments Cards & Mobile.
