21 August 2019
PSD2: BaFin announces postponing SCA-rules for online credit card payments in Germany
www.twobirds.com/en/news/articles/2019/germany/psd2-bafin-announces-postponing-sca-rules-for-online-credit-card-payments-in-germany

The requirement of Strong Customer Authentication (SCA) for payment service providers was scheduled for 14 September 2019. Germany’s Federal Financial Supervisory Authority (BaFin), however, just announced it will not ...

23 August 2019
PSD2. Polish's KNF grants grace period for SCA implementation
www.twobirds.com/en/news/articles/2019/poland/psd2-polishs-knf-grants-grace-period-for-sca-implementation

On 19 August 2019, the Polish financial supervisory authority (KNF) issued a note on SCA, which is in line with EBA’s Opinion on SCA of 21 June 2019.

20 December 2018
Technology & Communications: Challenges, Opportunities and Predictions for 2019
www.twobirds.com/en/news/articles/2018/global/technology-and-communications-challenges-opportunities-and-predictions-for-2019

As we approach the start of a new year we have asked our legal experts supporting technology & communications clients from around the world to identify some of the challenges and opportunities the sector is likely to ...

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 ...

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 ...

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.

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).

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.

19 November 2019
CRD IV: EBA launches consultation on draft amended technical standards on passport notification
www.twobirds.com/en/news/articles/2019/global/eba-launches-consultation-on-draft-amended-technical-standards-on-passport-notification

On 13th November 2019, the European Banking Authority (EBA) published a Consultation Paper on the draft amended Regulatory Technical Standards (RTS) and Implementing Technical Standards (ITS) on passport notification. ...

27 February 2020
Dutch Data Protection Authority investigates account information service providers
www.twobirds.com/en/news/articles/2020/netherlands/dutch-data-protection-authority-investigates-account-information-service-providers

On Monday 24th February, the Dutch Data Protection Authority (Autoriteit Persoonsgegevens, AP) communicated that it had initiated investigations into Dutch companies holding a PSD2 authorisation to access and process ...