03 April 2020
Insights on the governmental measures taken in response to COVID-19 in Hungary
www.twobirds.com/en/news/articles/2020/hungary/insights-on-the-governmental-measures-taken-in-response-to-covid-19-in-hungary

1. An important piece of legislation designed to address and mitigate the potentially grave economic consequences of the coronavirus, Governmental Decree No. 47/2020 (III.18.) entered into force on 19 March 2020 (the ...

14 January 2019
Analysis of innovation facilitators established in the EU
www.twobirds.com/en/news/articles/2019/global/analysis-of-innovation-facilitators-established-in-the-eu

Our payments team focus in on some of the observations set out in the ESA's joint comparative analysis of the innovation facilitators in the EU.

19 December 2018
Proposals issued by the European Commission to require payment service providers to disclose VAT details
www.twobirds.com/en/news/articles/2018/global/proposals-issued-by-ec-require-payment-service-providers-to-disclose-vat-details

We analyse the European Commission's proposed amendments, which could require payment service providers (PSPs) to disclose payment transaction data to Member States.

20 February 2018
Interchange Fee Regulation (IFR) and PSD2 - Two important judgments from the Court of Justice of the European Union (CJEU)
www.twobirds.com/en/news/articles/2018/global/interchange-fee-regulation-and-psd2-important-judgments-from-the-european-court-of-justice

On 7 February 2018, the CJEU handed down two important judgments interpreting the EU Interchange Fee Regulation (IFR) and PSD2.

12 September 2019
The Hungarian National Bank provides card issuers and acquirers an additional 12 months to comply with PSD2 strong customer authentication
www.twobirds.com/en/news/articles/2019/global/the-hungarian-national-bank-provides-card-issuers-an-additional-12-months-to-comply-with-psd2

On 10 September 2019, the Hungarian National Bank (HNB) issued a press release (available in English here and in Hungarian here [PLEASE INCLUDE HYPERLINKS FROM WORD DOC]) in which it provides Hungarian cards issuers and ...

07 May 2019
The EC puts an end to decades of competition law enforcement against interchange fees: What's next for interchange fees?
www.twobirds.com/en/news/articles/2019/global/ec-puts-an-end-to-decades-of-competition-law-enforcement-against-interchange-fees

We provide below a brief recap on the many-many years of competition law enforcement by the European Commission (EC) against interchange fees, a summary of the EC decision of 29 April 2019 related to Visa's and ...

24 July 2018
EBA publishes final Guidelines on fraud reporting under PSD2
www.twobirds.com/en/news/articles/2018/global/eba-publishes-final-guidelines-on-fraud-reporting-under-psd2

The European Banking Authority (EBA) has published the final Guidelines on fraud reporting under the revised Payment Services Directive (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".

28 January 2019
What is NISR and who is impacted?
www.twobirds.com/en/news/articles/2019/global/what-is-nisr-and-who-is-impacted

The NISR (Network and Information Systems Regulations), which came into force on 9 May 2018, are designed to protect the critical national infrastructure of EU countries in the event of a cyber attack.

11 October 2018
EU migration post-Brexit: recommendations of the Migration Advisory Committee
www.twobirds.com/en/news/articles/2018/uk/eu-migration-post-brexit-recommendations-of-the-migration-advisory-committee

In September 2018, employers and EU citizens welcomed the final report from the Migration Advisory Committee (MAC), which sketched the outline of a future migration landscape for EU workers.