Payment Matters 47
September 2020
This edition includes:
1. HM Treasury’s Payments Landscape Review: Call for Evidence
2. The FCA finalised guidance and ‘Dear CEO’ letter on safeguarding
3. The Payment Systems Regulator (“PSR”) seeks feedback before launching its new strategy later this year
4. UK Finance publishes Strong Customer Authentication roadmap
5. Industry representatives begin to consider what phase 2 of confirmation of payee (“CoP”) may look like
6. PSR publishes interim report in market review of card-acquiring services
7. The European Payments Initiative – Another Potential Payment Option
8. Final version of the UAE Crypto Assets Regulations due in the coming weeks
9. Coronavirus lockdown increases fraud in financial markets in the Netherlands
10. China set to widen pilot trials of central bank digital currency
11. COVID 19 - Tunisia's Entry into Digitalization
12. A CFPB Data Access Rule Could Be a Win for Open Banking in the US
Payment Matters 46
June 2020
This edition includes:
1. The European Banking Authority (“EBA”) has issued an Opinion on elements which could constitute an obstacle under Article 32(3) of the RTS
2. The FCA extends deadline for applying SCA to e-commerce transactions
3. The EBA issues clarification on the use of signatures as a behavioural biometric for the purpose of SCA
4. The FCA has updated its guidance under PERG (Question 16 - “What is a payment account?”)
5. The European Banking Federation (“EBF”) has issued new guidance on the amended Cross-Border Payments Regulation
6. The Lending Standards Board (“LSB”) publishes its summary report on the implementation of the Contingent Reimbursement Model Code (“CRM Code”)
7. The FCA Draft Guidance on Coronavirus and safeguarding Customers’ funds
8. The FCA publishes new guidance on customers’ ability to make withdrawals from restricted access accounts
9. How will the COVID 19 pandemic impact the decline of cash in the industry?
10. Retailers and wholesalers call for urgent amendment of card fees regulation
11. China has started pilot trials of central bank digital currency
Payment Matters 45
April 2020
This edition includes:
1. The impact of COVID 19: Regulatory updates
2. Competition and Markets Authority: Open Banking
3. EU Consultation on retail payments strategy for the EU
4. UK regulators’ view on the payments sector
5. New Economic Crime Levy issued under UK Government’s new Budget
6. The interim funding arrangement for compensating victims of Authorised Push Payment (“APP”) scams extended to 31 December 2020
7. New recordkeeping obligations to apply to Payment Service Providers (“PSPs”) from 1 January 2024
8. What FedNow Means for Faster Payments in the U.S.
9.Towards stronger authentication of remote card payments
10. Bank Negara Malaysia Releases Digital Banking Consultation Paper
Payment Matters 44
January 2020
This edition includes:
1. Open Finance - What’s in it for the industry?
2. Payment Systems Regulator issues Call for Input on competition issues arising in the New Payments Architecture
3. The Payment System Regulator publishes final merchant survey questionnaire in card-acquiring market review
4. OBIE’s proposal for a Revised Open Banking Roadmap
5. The European Banking Authority (EBA) updates fraud reporting Guidelines
6. The Payment Systems Regulator (PSR) sets out its plans for 2020!
7. Gambling Commission bans payment by credit card
8. UK Finance highly critical of regulatory co-ordination
9. International - Mobile Payments in the Nordics and Project 27