Topic
Payment
982 published works
Global Privacy & Security Compliance Blog
GDPR & PSD2: Squaring the Circle
GDPR and PSD2 are two legal initialisms that have both generated a great deal of press coverage in recent months, but they are seldom considered together. By Christian F. McDermott,…
Banking, Finance and Securities
FCA consults on general standards and communication rules for the payment services and e-money sectors
By Albert Weatherill (UK), Simon Lovegrove (UK)
On 1 August 2018, the FCA published Consultation Paper 18/21: General standards and communication rules for the payment services and e-money sectors (CP18/21). CP18/21 will be of interest to payment…
Latham.London
Payment Systems Regulator to Review Card Acquiring Market on Competition Concerns
The PSR is to consider whether there is effective competition in the market and makes clear that further reviews of the payments ecosystem could be triggered by its findings By…
Privacy and Cybersecurity
European Data Protection Board Provides Clarification On PSD2
By Bruce Bennett, Gemma Nash, Kristof Van Quathem, Sophie Bertin
In response to questions from a Member of the European Parliament, the European Data Protection Board (EDPB) has provided much needed clarification on the overlap between the General Data Protection…
Banking, Finance and Securities
BoE updates briefing following RTGS proof of concept
On 23 July 2018, the Bank of England published an updated briefing, following the completion of its Proof of Concept, to understand how a renewed Real-Time Gross Settlement (RTGS) service…
Administrative and Regulatory
BoE, PRA, FCA and PSR review Memorandum on regulation of UK payment systems
On 20 July 2018, the Bank of England published a revised memorandum of understanding (the MOU) on UK payment systems, as part of the joint Bank of England / Prudential Regulation…
Banking, Finance and Securities
DNB on PSD2 licence applications and new publications of EBA
By Floortje Nagelkerke (NL), Nikolai de Koning
On 27 June 2018, the Dutch Central Bank (De Nederlandsche Bank, DNB) published a news item on licence applications under the Payment Services Directive (2015/2366/EU) (recast) (PSD2) and certain new…
Banking, Finance and Securities
FCA publishes revised Approach Document on payment services and electronic money
The FCA has published version 2 of its Approach Document on payment services and electronic money (the Document). The Document acts as a navigation tool for the Payment Services Regulations…
Banking, Finance and Securities
PSR announces that the consolidation of UK retail payment systems is now complete
On 2 July 2018, the Payment Systems Regulator (PSR) announced that the consolidation of UK retail payment systems is now complete. The PSR explains that the New Payment Systems Operator…
Banking, Finance and Securities
Mobile contactless SEPA card payments interoperability implementation guidelines
On 25 June 2018, the European Payments Council (EPC) updated its mobile contactless SEPA card payments interoperability implementation guidelines. The document defines implementation guidelines for mobile contactless SEPA card payments…