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  1. Legal news
    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)

  2. Legal news
    06 September 2021
    EBA draft guidelines on PSD2 limited network exclusion - for consultation
    www.twobirds.com/en/news/articles/2021/global/eba-draft-guidelines-on-psd2-limited-network-exclusion

    On 15 July 2021, the EBA published draft guidelines on the PSD2 limited network exclusion (Article 3(k) PSD2 – LNE). The guidelines are addressed at national competent authorities (NCAs) and are meant to help them in ...

  3. Legal news
    23 September 2021
    Buy Now Pay Later – how does it work and is it regulated?
    www.twobirds.com/en/news/articles/2021/uk/buy-now-pay-later-how-does-it-work-and-is-it-regulated

    Buy Now Pay Later (BNPL) is a payment method which is increasingly popular with merchants and customers. This popularity has, however, led to a corresponding increase in scrutiny from UK regulators. This article ...

  4. Legal news
    10 February 2021
    Unregulated buy now pay later products to be brought within the scope of FCA regulation
    www.twobirds.com/en/news/articles/2021/uk/unregulated-buy-now-pay-later-products-to-be-brought-within-the-scope-of-fca-regulation

    On 2 February 2021, former interim chief executive of the Financial Conduct Authority (FCA), Christopher Woolard CBE, published a review on the risks of the currently unregulated buy now pay later (BNPL) products (the ...

  5. Legal news
    19 July 2021
    Take 2: Changes to German legislation allowing access to the iPhone's NFC antenna
    www.twobirds.com/en/news/articles/2021/germany/changes-to-german-legislation-allowing-access-to-the-iphone's-nfc-antenna-take-2

    Germany will introduce changes to its legislation regarding the access to technical infrastructure by payment service providers in Spring 2022.

  6. Legal news
    25 March 2021
    German Federal Court: German merchants are allowed to surcharge Paypal and Sofort
    www.twobirds.com/en/news/articles/2021/germany/german-federal-court-german-merchants-are-allowed-to-surcharge-paypal-and-sofort

    On 25 March 2021, the German Federal Court (the highest civil court in Germany) ruled that German merchants are allowed to apply a surcharge on payments made via PayPal and Sofort.

  7. Legal news
    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 ...

  8. Legal news
    21 May 2020
    Swedish law now requires a direct payment option to be displayed first
    www.twobirds.com/en/news/articles/2020/sweden/swedish-law-now-requires-a-direct-payment-option-to-be-displayed-first

    The Swedish Parliament has approved an amendment to the Swedish Payment Services Act (2010:751) that introduces a new provision regarding the display of payment solutions online.

  9. Legal news
    27 January 2020
    Our Payments Regulatory 2020 Outlook webinar - now available to listen to on demand
    www.twobirds.com/en/news/articles/2020/global/our-payments-regulatory-2020-outlook-webinar

    On 21 January 2020, members of our international payments team shared their insights into the state of payments regulation and some of the legal issues that arise for businesses.

  10. Legal news
    15 April 2020
    EBA consultation on changes to AML/CTF risk factors guidelines
    www.twobirds.com/en/news/articles/2020/global/eba-consultation-on-changes-to-aml-cf-risk-factors-guidelines

    On 5 February 2020, the European Banking Authority (EBA) issued a public consultation on changes to the anti-money laundering and counter-terrorist financing (AML/CTF) risk factors guidelines (Guidelines).