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  1. Legal news
    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 ...

  2. Legal news
    11 June 2021
    On 10 June 2021, the European Banking Authority (EBA) published its final revised Guidelines on major incident reporting under the Payment Service Directive (PSD2) - (the “Guidelines” - EBA/GL/2021/03).
    www.twobirds.com/en/news/articles/2021/global/on-10-june-2021-the-european-banking-authority-eba-published-its-final-revised-guidelines

    Introduction and background Pursuant to article 96(3) of Directive (EU) 2015/2366 (PSD2), the original Guidelines on major incident reporting were developed in 2017 in close cooperation with the European Central Bank ...

  3. Legal news
    03 December 2019
    PSD2: transitional period for strong customer authentication for remote card payments in Italy
    www.twobirds.com/en/news/articles/2019/italy/psd2-transitional-period-for-strong-customer-authentication-for-remote-card-payments-in-italy

    On 29 November 2019, Bank of Italy has issued a press release where it announced that it will grant an adjustment period until 31 December 2020 to comply with the PSD2 strong customer authentication (SCA) requirement ...

  4. 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 ...

  5. Legal news
    12 July 2021
    Payment Systems Regulator consulting on its proposed strategy
    www.twobirds.com/en/news/articles/2021/global/payment-systems-regulator-consulting-on-its-proposed-strategy

    The UK’s Payment Systems Regulator (PSR) recently published its proposed five-year strategy, setting out the key outcomes and strategic priorities that will guide its operations. Given the rapid pace of development in ...

  6. Legal news
    23 June 2020
    Tax credit on commissions related to electronic payments: Revenue Agency and Bank of Italy Regulations
    www.twobirds.com/en/news/articles/2020/italy/tax-credit-on-commissions-related-to-electronic-payments

    As part of the so-called Italian Budget Law 2020, the Government has introduced measures to promote the use of non-cash means of payment.

  7. Legal news
    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".

  8. Legal news
    06 May 2021
    Bigtech entry in the payment sector raises potential competition law risks according to the French Competition Authority
    www.twobirds.com/en/news/articles/2021/global/bigtech-entry-in-the-payment-sector-raises-potential-competition-law-risks

    On 29 April The French Competition Authority (FCA) published its report on the Fintech sector (available here, in French). This report follows its payment sector inquiry launched in January 2020, which primarily focused ...

  9. Legal news
    01 April 2020
    PSD2 and limited network or limited range exclusions (e.g. gift cards): the deadline for reporting data relating to the activity carried out in 2019 has been postponed to 30 June 2020 in Italy
    www.twobirds.com/en/news/articles/2020/italy/psd2-and-limited-network-or-limited-range-exclusions

    Due to the current emergency caused by the COVID-19 epidemic, Bank of Italy has postponed from 30 April to 30 June 2020 the deadline for reporting data relating to the activity carried out in 2019 by the issuers of ...