Mastercard has teamed up with P27 Nordic Payments Platform to deliver fast, cross-border, multi-currency account to account payments across the Nordic region, reports Jane Connolly . The partners claim this is a world first in terms of a real-time and batch multi-currency platform, which will offer

One of the feedback from Money20/20 Europe is that Mastercard is continuing with their innovation solution using their payment experiences at the new era of PSD2. Mastercard has unveiled a suite of open banking applications and services designed to help financial institutions and third party provid

The adoption of the revised Payment Services Directive, PSD2, has set the stage for Open Banking in Europe, an Open Banking Mandate with significant impact on the financial services industry.  Effective from January 2018, Europe has a unique legal framework for Open Banking, a game changer for the b

Today, the Berlin Group has published Version 1.0 of the NextGenPSD2 Access to Accounts (XS2A) Framework that enables Third Party Providers (TPPs) to access bank accounts under the revised Payment Services Directive (PSD2). Version 1.0 integrates extensive public market consultation feedback and is

Digital banking is now firmly entrenched as a part of everyday life in Europe, a Mastercard survey shows, with security and convenience the most important factors for people looking to manage their money online or through their phones. Of more than 11,000 people quizzed across 11 European markets, 8

The European Banking Authority (EBA) published today clarifications to the second set of issues raised and discussed by participants of its Working Group (WG) on APIs under PSD2. The issues relate to API performance and support, the provision of a list of Third Party Providers (TPPs) that are intere

9 Nov 2017 PSA Payment Services Austria GmbH has recently decided to join the Berlin Group. PSA Payment Services Austria was founded in 2012 by splitting the former PayLife Bank Gmbh (now SIX Payment Services Austria) into two companies. PSA is 100% owned by the Austrian banks and is specialised in

Payment firms raise fears over EU security rules A lack of preparedness for the EU's new regulations on authentication could cost Europe's online economy more than €50bn according to a number of payment processors and e-commerce merchants. A study produced by payment firm Stripe and research firm 45

source: Finextra 03/20/2019 Money 20/20 Asia day two kicked off with a discussion on open banking and how regulatory mandates and open API guidelines are driving this initiative in this region. With Asia learning lessons from early adopters in Europe, panel sessions highlighted what the challenges a

At the instigation of the European Central Bank and the European Commission, the Cards Stakeholder Group (today's European Cards Stakeholder Group ECSG) was set up in 2009 to develop and promote Europe-wide card payment standards. The ECSG pursues this goal through the maintenance and evolution of t