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 ...

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".

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 ...

30 January 2020
German crypto market: what you need to know about the crypto depository service
www.twobirds.com/en/news/articles/2020/germany/german-crypto-market-what-you-need-to-know-about-the-crypto-depository-service

On 1 January 2020, the crypto depository service was introduced as a new financial service under the German Banking Act (Kreditwesengesetz – KWG). The legislation, demanded by European prescriptions, changes Germany’s ...

30 June 2020
Changes to regulatory framework on the pricing model for the Danish Dankort scheme
www.twobirds.com/en/news/articles/2020/denmark/changes-to-regulatory-framework-on-the-pricing-model-for-the-danish-dankort-scheme

Providers of certain Danish payment instruments – currently only the Danish Dankort scheme operated by Nets - have for several years been subject to pricing regulations limiting such providers to only charge payees an ...

15 May 2020
Crypto depository service in Germany: BaFin provides information on money laundering obligations
www.twobirds.com/en/news/articles/2020/germany/crypto-depository-service-in-germany-bafin-provides-information-on-money-laundering-obligations

BaFin has published “Guidelines on anti-money laundering for crypto custody business“.