17 October 2019
Strong Customer Authentication (SCA): EBA opinion allows for 15-month migration period
www.twobirds.com/en/news/articles/2019/global/strong-customer-authentication

On 16 October 2019, the European Banking Authority (EBA) published another Opinion on the updated Payment Services Directive (PSD2) and in particular its provisions on Strong Customer Authentication (SCA)

02 August 2019
PSD2: transitional period for strong customer authentication for online card payments in Italy
www.twobirds.com/en/news/articles/2019/global/psd2-transitional-period-for-strong-customer-authentication-for-online-card-payments-in-italy

On 1st August 2019 the Bank of Italy issued a press release where it announced that it will grant, in line with the decisions taken at European level, more time to the Italian financial industry to complete the ...

25 June 2019
Strong Customer Authentication (SCA): EBA Opinion allows for more time, and provides more clarity on the various SCA elements
www.twobirds.com/en/news/articles/2019/global/the-opinion-of-the-eba-on-the-elements-of-sca

On 21 June 2019, the European Banking Authority (EBA) published another Opinion on the updated Payment Services Directive (PSD2) and in particular its provisions on Strong Customer Authentication (SCA)

25 July 2019
Some key topics under PSD2: open banking, strong customer authentication, and the platform/commercial agent exemption
www.twobirds.com/en/news/articles/2019/global/some-key-topics-under-psd2

The second Payment Services Directive (PSD2) updates the original Payment Services Directive (PSD1) which dates back from 2007. In this article, we will discuss the most important changes in- troduced by PSD2 and the ...

01 November 2017
EBA final Guidelines on major incident reporting under PSD2
www.twobirds.com/en/news/articles/2017/global/eba-final-guidelines-on-major-incident-reporting-under-psd2

On 27 July 2017, the EBA adopted final guidelines on major incident reporting, providing more granularity to the incident reporting obligations contained in Article 96 of PSD2.

28 February 2018
Payments in the Airline Industry
www.twobirds.com/en/news/articles/2018/global/payments-in-the-airline-industry

The so-called "PSD2" is the revision of an existing directive from 2007, called the "Payment Services Directive" or "PSD" or "PSD1".

04 December 2020
Non-Bank Financial Institutions in Singapore To Be Allowed Direct Connection with Major Funds Transfer Services
www.twobirds.com/en/news/articles/2020/singapore/non-bank-financial-institutions-in-singapore-to-be-allowed-direct-connection

Developments announced by the Monetary Authority of Singapore (“MAS”) on 30th November 2020 Recent developments in Singapore’s move towards a cashless society will see the expansion of two major funds transfer ...

24 December 2020
French Council of State confirms the retention of payment card data is subject to the prior consent of the cardholder
www.twobirds.com/en/news/articles/2020/france/french-council-confirms-retention-of-payment-card-data-subject-to-prior-consent-of-cardholder

In line with the guidance from the French data protection authority “Commission Nationale Informatique et Liberté” (CNIL) the Council of State confirms in a decision dated December 10th, 2020 that the conservation of ...

05 February 2020
PSD2 and limited network exclusion (e.g. gift cards): by 30 April 2020, issuers of payment instruments covered by the limited network exclusion shall fulfil their reporting obligation towards Bank of Italy
www.twobirds.com/en/news/articles/2020/italy/psd2-and-limited-network-exclusion-by-30-april-2020-issuers-of-payment-instruments

Regulation issued by Bank of Italy on 11 October 2018 ("Regulation") – implementing certain provisions of the Directive (EU) 2015/2366 ("PSD2") and Legislative Decree 15 December 2017, n. 218 – introduced the obligation ...

22 May 2020
The French competition authority launches a public consultation on the fintech sector
www.twobirds.com/en/news/articles/2020/france/the-french-competition-authority-launches-a-public-consultation-on-the-fintech-sector

In parallel to the two consultations launched by the European Commission (EC) at the beginning of April 2020 on digital finance strategy/FinTech and retail payments the French Competition Authority (FCA) has just ...