5 Results
Richard Warren Partner at FirstPartner
Contactless payments have become a major success for the payments industry. Over the last couple of years contactless has been almost universally welcomed and embraced by UK consumers, and (perhaps more grudgingly in some cases) by merchants. Even the “strictly cash only” market stall where I buy my weekly fruit and veg got a SumUp contactless rea...
15 October 2021 /security /payments
In a statement released on 25th March, the European Banking Authority (EBA) has confirmed that, for the moment, the December 31st 2020 enforcement deadline for PSD2 Strong Customer Authentication (SCA) remains in place. This is despite the universal disruption caused by the COVID-19 pandemic. The confirmation comes at the end of a wider set of re...
31 March 2020 /payments /regulation
The decision by many regulators not to enforce PSD2 Strong Customer Authentication (SCA) on electronic payments on 14th September has given valuable breathing space to e-commerce and payments players. However, the travel and hospitality sector will find compliance extremely challenging even with the benefit of proposed 18 month managed implementat...
04 October 2019 /payments /regulation
On Friday 21st June the EBA published a new Opinion Paper on the elements of strong customer authentication (SCA) under PSD2 which has been subsequently been backed up a by confirmatory statement from the European Commission. This opinion has significant practical implications for issuers, acquirers, card schemes and local regulators currently wo...
28 June 2019 /payments /regulation Financial Services Regulation
A recent report from Citi’s Equities Research team challenges the widely held view that Bitcoin delivers simpler and cheaper international remittances. While the analysis highlights some key Bitcoin remittance limitations, it should not be assumed that these apply to all blockchain or Distributed Ledger Technology (DLT) based solutions – or marke...
18 July 2016 /payments
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