Tag: EU
EU 10 second instant payment rules to come into effect after...
Payment service providers active in the EU will now be required under European Commission regulations to offer merchants instant payments within 10 seconds.
The implementation...
Apple reportedly set to face €500m penalty in EU antitrust ruling
The European Union’s (EU) legal clash with Apple is set to culminate in a hefty fine for the Silicon Valley giant, in a development...
European Parliament requires PSPs to ensure 10 second transfers
EU legislators have ruled that payments service providers (PSPs) active in the trade block will have to ensure immediate transfers for retail customers and...
Apple to allow third-party access to contactless tech in EU resolution
Apple has agreed to open up access to its payments technology to third-party companies to end an antitrust dispute with the EU, the political...
EU beefs up cross-border VAT fraud monitoring measures
The EU has identified a need for its member states to strengthen protections against VAT fraud, introducing new transparency laws this month.
Coming into force...
Timelines for EU instant payment goals ‘extremely ambitious’
The Council and the European Parliament reaching a political agreement on the instant payments proposal has been widely praised by the finance sector, however,...
TrueLayer calls on EU to combine Open Banking and instant payments
Payment network TrueLayer has called on the European Union (EU) to integrate further Open Banking measures in its regulations to keep up the pace...
PayU GPO looks for EU boost with 4fund.com
Online payment service provider PayU GPO has landed a strategic partnership with 4fund.com as its official payment operator.
The aim of the collaboration looks to...
StartUp Sessions – CapitalBox: mutual growth is key to closing the...
As the economic climate continues to intensify, the environment for StartUps looking to evolve their business and flourish is becoming increasingly challenging.
In the latest...
‘Next gen tech at the heart of UK’s financial sector’
Giving a speech at Mansion House, the UK Chancellor underlined the importance of digitising financial services as the global market becomes increasingly competitive.
It builds...
