Financial institutions and solution providers are busy implementing the requirements of Strong Customer Authentication (SCA) under the Revised Payment Services Directive (PSD2) and the Regulatory Technical Standards (RTS).Read more
PSD2 breaks up the ways in which banks do their business, by forcing them to open up their APIs. By doing so, PSD2 challenges the way in which data was traditionally secured in banks.Read more
The EU has launched a number of initiatives to realize the aim of creating a unified Digital Single Market. The Connecting Europe Facility (CEF) is a funding instrument that provides the primary thrust for this initiative. The CEF uses certain underlying building blocks (known as Digital Service Infrastructures) to achieve this objective of providing an interconnected and unified marketplace.Read more
The eIDAS Regulation lays the groundwork for creating a robust digital identity framework. The idea is to provide EU citizens with a secure, robust and universal electronic identification that they can use to access private and public services anywhere within the EU.
One sector that is lapping up the new opportunities that eIDAS offers is banking.Read more
Last November saw the adoption of the Delegated Regulation on Regulatory Technical Standards (RTS) by the European Commission. The objective of this regulation is to provide for Strong Customer Authentication (SCA) and establish secure channels of communications.Read more
Cryptographic algorithms can be categorized into three classes: Hash functions, Symmetric and Asymmetric algorithms. This article sheds light on their differences, purpose and main fields of application.Read more
Credit cardholders are generally protected from liability if unauthorized transactions are made with their credit cards because of consumer protection laws and card policies. This leaves merchants and financial institutions on the hook for losses related to credit card fraud. According to an October 2016 Nilson Report, card issuers were burdened with 72 percent of fraudulent losses in 2015 while merchants were left with 28 percent of the losses.Read more