Showing posts with label payment services. Show all posts
Showing posts with label payment services. Show all posts
Thursday, 21 March 2024

UK Extends Payment Processing Times Where Authorised Push Payment Fraud Is Suspected - Updated

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The UK's second and far more significant  recent departure from the EU directive on payment services (PSD2) involves extending the time ...
2 comments:
Wednesday, 20 March 2024

Payment Service Termination Changes: Full of Sound and Fury, Signifying Nothing

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As a result of Farage's hissy fit over no longer meeting the commercial criteria for being a Coutts customer , the Tories clearly felt t...
Monday, 16 January 2023

UK Review of the Payment Services (and E-money) Regulations

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The Treasury is calling for evidence to assist in its review of the Payment Services Regulations 2017. This also necessarily involves consi...
Monday, 10 October 2022

Card Acquiring Remedies for SMEs

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After finding that the UK card acquiring market was not working for businesses with a turnover of £50 million , you might have expected that...
Monday, 1 November 2021

New Insolvency Rules for UK E-money and Payment Institutions

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The Payment and Electronic Money Institution Insolvency (England and Wales) Rules 2021 ( SI 2021/1178 ) will come into force on 12 November...
Monday, 12 July 2021

'Slight Delay' To EU Crowdfunding Regulation

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The European Securities and Markets Authority has written to the European Commission urging clarificiation of some important interpretation...
Friday, 25 June 2021

Payment and E-money Institution Insolvency Regulations Take Effect On 8 July

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As covered in December , the Payment and Electronic Money Institution Insolvency Regulations 2021 were passed on 17 June and take effect on...
Sunday, 7 February 2021

UK Changes To Strong Customer Authentication and Payments Guidance

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The FCA is consulting on some noteworthy changes to certain technical aspects of payments regulation and related guidance . Responses to the...
Monday, 14 September 2020

Payment FinTechs Beware: Banking Law Is Riding The New Payment Rails

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Recent cases in the UK have applied English banking law to  non-bank accounts that hold customer funds, including the payment accounts of ...
1 comment:
Thursday, 3 September 2020

EU Regulation of Cross-border Crowdfunding Services

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The EU Parliament is about to adopt a crowdfunding regulation that will enable 'European crowdfunding service providers' (ECSPs) t...
Thursday, 28 May 2020

FCA To Issue Extra Guidance To E-money and Payments Firms On Safeguarding Customer Funds

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The Financial Conduct Authority has issued a consultation on its proposed further guidance to firms issuing electronic money and other p...
Tuesday, 4 February 2020

Equivalence Is No Solution For Most UK Financial Services Accessing The EEA

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At the end of 2020, any UK financial firms operating in the EEA under a 'passport' will lose that right . They must either get...
Wednesday, 14 August 2019

UK Delays Anti-fraud Measures For Banking And Payments

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It seems payments legislators wrote checks the industry couldn't cash... The UK's Financial Conduct Authority has announced a del...
Monday, 24 June 2019

EBA Gives Some Leeway On SCA

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There has been increasing concern that the e-commerce world won't be ready for the introduction of " strong customer authenticat...
19 comments:
Wednesday, 19 June 2019

Extension of FCA Principles And Marketing Rules To Payment Service Providers

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From 1 August, the Financial Conduct Authority will begin to enforce its Principles of Business and certain rules on marketing and commun...
Thursday, 27 December 2018

Is Your Financial Services Provider Ready For A #NoDeal Brexit?

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With a 'No Deal' Brexit now central to Tory government strategy, it's critical to ensure the right financial contingency plan...
Thursday, 20 December 2018

FCA Updates Payment Services Approach On Customer Authentication, Gift Cards

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The FCA has today published its policy statement explaining changes to the Approach document following the consultation on Strong Custom...
17 comments: