Payments Regulation
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Report: SecuRe Pay recommendations on increasing online fraud

Comments (0) Compliance, International Online Payments, Payments Regulation

Online fraud has increased dramatically over the past decade. Over the years, card schemes have invested millions to reduce the impact of online fraud, implementing additional security mechanisms such as CVC codes and 3-D Secure, and extensive risk scoring systems. Fraud, and fighting it, have become industries of their own. At the beginning of 2013 …...

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EPCA Payment Summit Brussels 2014: Insights day 1

Comments (0) Global Card Processing, Payments Events, Payments Regulation

EPCA Payment Summit 2014, the main payment conference in Europe, took place in Brussels on 12 and 13 March. Speakers shared their knowledge on topics covering most of the relevant aspects of the payment industry, such as e-payments, e-identity and compliance, online fraud and new concepts; from virtual currencies to multichannel online banking, ECB secure …...

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Inconsistencies between the European payments legislative proposals

Comments (0) Compliance, Payment Industry Trends, Payments Regulation

When it comes to analyzing the European payments legislative proposals with a potential impact on e-commerce, I have already talked about the risk of fragmentation and an uneven playing field, as well as the implications for the cross-border ecommerce providers. Another risk worth mentioning is the inconsistencies between the different proposals that make it even …...

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Key insights from the Multilateral Interchange Fees Roundtable

Comments (0) Compliance, International Online Payments, Payments Regulation

“MIF pays for the payments industry, it has paid for its innovation and development!” said Gary Munro, Consultant at Consult Hyperion. The relevant question here would be what would happen if we reduce MIF, and what would be the effect on the industry and on the consumer? The Multilateral Interchange Fees Roundtable took place in …...

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Fragmentation & uneven playing field in the proposed European payments legislation

Comments (0) Compliance, Global Card Processing, Payments Regulation

While in theory the imminent European proposed legislation seeks a harmonized market for payments, the reality shows us a fairly fragmented one, mainly due to a lack of cooperation between home and host regulators. To illustrate this point we can look at the proposal for a revised Payment Services Directive (PSD2) pursuing harmonization effects, but …...

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Thoughts from Visa Europe Acceptance Risk Forum

Comments (0) Compliance, International Online Payments, Payments Regulation

Recently, Visa Europe organized its first Visa Europe Acceptance Risk Forum, in order to help establishing a solid community where acquirers and PSPs, regulatory bodies, law enforcement agencies and non-governmental organizations share non-competitive information and issues for the mutual benefit of the global acquiring and payments ecosystem. Speakers and attendees gathered together in London on …...

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E-payments and M-payments security rules; Competition concerns

Comments (0) Compliance, Global Card Processing, Payments Regulation

On 4th and 5th of July, I attended the European Payments Regulation event as guest speaker, both on behalf of Payvision and the European Payment Institutions Federation (aka EPIF). During the Strategy Roundtable I took part in (together with Dag-Inge Flatraaker – Head of Group Payments Infrastructure and Strategy, DNB BANK, Alain Hiltgen – Executive …...

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E-payments and M-payments security rules: Customer-oriented approach

Comments (0) Compliance, Global Card Processing, International Online Payments, Mobile Payments and mPOS, Payments Regulation

One of the main challenges for E-payments and M-payments providers is to operate in a global, complex and highly regulated market, as the services are rendered on a cross-border basis. That’s also the case from a security perspective. The rules to be complied with by different stakeholders come from different sources (such as local regulators, …...

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Regulation, the biggest game changer in the payments industry

Comments (0) Global Card Processing, International Online Payments, Payment Industry Trends, Payments Regulation

I took part in the Payment Institution Panel during the EPCA event at EPIF’s invitation. We wanted to share some insights with you about the ‘game changers’ in the payments industry. With Michael Wade’s presentation on disruptive innovation in mind, I believe regulations will definitely play a major role in the evolution of payments in coming …...

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PCI DSS ecommerce guidelines leave no excuse for merchant non-compliance

Comments (0) International Online Payments, Payment Service Providers, Payments Regulation

 Are you a merchant planning to sell your goods and services online? Or are you already active in the e-commerce arena?  In either case, PCI DSS will become one of your daily concerns since you will need to operate in compliance with PCI DSS requirements. The Payment Card Industry Data Security Standards (PCI DSS) have …...

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