The UK’s Financial Conduct Authority has introduced a handy feature allowing you to receive FCA PSD2 Email Updates – you can sign up via their online form. The FCA has also indicated that its consultation on authorisation […]
One of the most debated issues with the upcoming PSD2 relates to the access rules for TPPs (those being payment initiation service providers and account information service providers). The actual details on how this access […]
PSD2 Security Obligations PSD2 has added many additional compliance obligations on the firms that fall within its scope – perhaps the most controversial are those known as the PSD2 Security Obligations set out in Chapter […]
The revised Payment Services Directive (EU 2015/2366) has now been formally adopted and published in the Official Journal on 23 December 2015. It’s finalised text is available here. Key dates for your compliance calendars: 12 January […]
The PSD2 was finalised by the Council of Ministers on 16 November 2015. As stated in the press release from the Council of the European Union: The regulation was adopted at a meeting of the […]
One of the significant changes proposed by PSD2 is the right of Third Party Payment Providers (TPPs) to be granted access rights to account servicing PSPs. Vocalink, together with Equens SE and Nets have issued a […]
The revised Payment Services Directive (PSD2) has now been adopted by the European Parliament, clearing the way for its approval in the near future by the EU Council of Ministers and subsequent publication in the […]
Since the growth of online marketplaces such as eBay, many e-tailers have established themselves as successful players in this market – including more segmented operators like Asos.com. The growth in these business models is only […]
The European Banking Authority‘s (EBA) first tranche of “Security of Internet Payment Guidelines” became effective from 1 August 2015. Following the EBA’s consultation published in October 2014, the EBA decided that due to the continually high […]
ApplePay will launch in the UK this July with over 250,000 merchant locations (incl. M&S, Boots, Waitrose & TFL) and partnering with an initial 8 banks (such as HSBC, Santander & RBS). More banks are slated to […]