Updated at 2pm with AWS Malta statement. 
A financial services company has been fined €502,000 for a series of money laundering regulations breaches,
Visa to acquire Swedish open banking fintech for €1 8bn computerweekly.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from computerweekly.com Daily Mail and Mail on Sunday newspapers.
On April 30, 2021, the federal government introduced
An Act Respecting Retail Payment Activities (short title,
Retail Payment Activities Act) (the “RPAA”). The much-anticipated RPAA comes in response to a consultation paper published by the Department of Finance in 2017, for a “New Retail Payments Oversight Framework” (the “2017 Consultation Paper”). We discuss the 2017 Consultation Paper
here. The RPAA signals the government’s continued willingness to regulate new and increasingly complex “retail payment activities” driven by innovative payment methods and technologies.
The RPAA will serve as the first regulatory regime for retail payment providers in Canada. Not surprisingly, it comes in the midst of a broader regulatory response by a government focused on protecting consumers, fostering competition and promoting innovation in the digital age. Further evidence of this broader strategy can be observed in other recent legislative proposals like the
Voice of the Industry
Delegated authentication: Boost your conversion rates while complying with PSD2 SCA Thursday 29 April 2021 08:38 CET | Editor: Alex Guzu | Voice of the industry
Kurt Schmid and
Suzana Kordumova Nikolova from
Netcetera make the case for delegated authentication as a means to mitigate the hurdles of PSD2 SCA compliance
The application of PSD2 SCA standards across the EU in 2021 brought some growing pains with it for issuers, acquirers, merchants, and customers, notably added friction in the payment process. However, delegated authentication is making leaps and bounds as an alternative to traditional long-winded authentication processes. Growing trust between merchants and issuers means that there is a shift in previously rigid authentication processes, leading to faster checkout and less friction for customers. We take a look at what this could look like in the near future, with insight from Netcetera’s Kurt Schmid and Suzana Kordumova Nikolova.
The European Union, Cybersecurity, and the Financial Sector: A Primer carnegieendowment.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from carnegieendowment.org Daily Mail and Mail on Sunday newspapers.