Nocashevents Berlin Group interview about what does the future hold for TPPs and banks in a post-PSD2 era and the art of standardising APIs. Berlin Group is coming to Banking 4.0

Berlin Group interview about what does the future hold for TPPs and banks in a post-PSD2 era and the art of standardising APIs. Berlin Group is coming to Banking 4.0

Wijnand Machielse and Ortwin Scheja, part of the team that edits and moderates Berlin Group activities, have agreed to share with The Paypers their take on the latest updates of a post-PSD2 European open banking scene. What is the pulse of the market right now, post-PSD2 deadline? How do you feel the European banking and the TPP ecosystems have handled the deadline? Although the majority of TPPs were rather late in starting to test […]

Nocashevents EBA sets the deadline for the migration to SCA under the revised Payment Services Directive: 31 December 2020. EBA is coming to Banking 4.0 - international fintech conference

EBA sets the deadline for the migration to SCA under the revised Payment Services Directive: 31 December 2020. EBA is coming to Banking 4.0 – international fintech conference

The European Banking Authority (EBA) published today an Opinion on the deadline for the migration to SCA under the revised Payment Services Directive (PSD2) for e-commerce card-based payment transactions. The Opinion sets the deadline to 31 December 2020 and prescribes the expected actions to be taken during the migration period. Today’s Opinion also recommends national competent authorities (NCAs) to take a consistent approach toward the SCA migration period across the EU and […]

Nocashevents Let’s talk about PSD2 and open banking. The European Banking Authority is coming to Banking 4.0

Let’s talk about PSD2 and open banking. The European Banking Authority is coming to Banking 4.0

At this moment, when a series of central banks and competent national authorities have introduced a transitional phase and new terms for PSD2 compliance, from the perspective of strong customer authentication (SCA) in the online environment, the market needs guidance and answers to a series of questions. At Banking 4.0, The European Banking Authority (EBA) will open the panel dedicated to regulatory authorities and relevant industry associations, with a keynote […]

Nocashevents LUXHUB launches best in class API Product for account aggregation. The company is coming to Banking 4.0

LUXHUB launches best in class API Product for account aggregation. The company is coming to Banking 4.0

After developing one of the leading European Open Banking platforms allowing banks to smoothly comply with the PSD2 regulation, LUXHUB unveils LUXHUB One, „a fast and simple solution for banks and third-party providers to leverage Open Banking without experiencing the amount of work involved to implement fragmented APIs.”, according to the press release. LUXHUB One represents an integration layer that allows access to any financial institution via a unified API, […]

Nocashevents Joint industry letter on PSD2-SCA implementation for cards. European Banking Federation, Visa and Mastercard recommend EBA an additional timeframe of 18 months.

Joint industry letter on PSD2-SCA implementation for cards. European Banking Federation, Visa and Mastercard recommend EBA an additional timeframe of 18 months.

European Payment Institutions Federation (EPIF), European Association of Payments Service Providers For Merchants (EPSM), European Banking Federation (EBF), European Hotel Forum (EHF), Ecommerce Europe, EuroCommerce, Visa and Mastercard, has taken the lead on a further joint industry letter to the EBA on SCA Implementation. The organisations jointly share the goal of a harmonised EU implementation of SCA. In a first instance they have therefore called on the EBA to use […]

Nocashevents The Hungarian National Bank provides card issuers and acquirers an additional 12 months to comply with PSD2 strong customer authentication

The Hungarian National Bank provides card issuers and acquirers an additional 12 months to comply with PSD2 strong customer authentication

On 10 September 2019, the Hungarian National Bank (HNB) issued a press release (available in English here) in which it provides Hungarian cards issuers and acquirers with additional time to comply with the PSD2 strong customer authentication (SCA) requirements, as implemented within Hungarian, but only in relation to online card-based payments. Pursuant to PSD2 and the related regulatory technical standards for strong customer authentication and common and secure open standards of […]

Nocashevents Banks and TPPs provide update of their joint PSD2 task force to the European Commission

Banks and TPPs provide update of their joint PSD2 task force to the European Commission

Following the Joint Statement between the ECSAs and TPP associations, banks and TPPs now write to provide the European Commission with an update from the Joint PSD2 Task Force. In the Joint Statement, banks and TPPs agreed on some topics, together with progress made so far: 1. The parties agree to call upon ASPSPs to provide contingency relevant documentation in their developer portals, more specifically on TPP identification and use of […]

Nocashevents Salt Edge integrates with 400+ open banking APIs. The global fintech company is coming to Banking 4.0

Salt Edge integrates with 400+ open banking APIs. The global fintech company is coming to Banking 4.0

As more and more banks open their APIs before the September 14 deadline, Salt Edge has added another one hundred to the list of its connected open banking APIs in the EU, making it 400+ integrations. Gaining more speed along the open banking trajectory, just in the last two weeks Salt Edge has added a hundred more APIs and after the big number of 300+ in August has already integrated with 400+ […]

Nocashevents PSD2: BaFin announces postponing SCA-rules for online credit card payments in 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 insist on SCA-rules to be followed immediately to avoid disruption for payments online. As a temporary measure, payment service providers domiciled in Germany will still be allowed to execute credit card payments online without strong customer authentication after 14 September 2019. […]