European Commission – NFC World https://www.nfcworld.com News and analysis on the emerging technologies transforming how consumers choose what to buy, who to buy from, and how to pay Wed, 17 Apr 2019 13:54:16 +0000 en-US hourly 1 https://wordpress.org/?v=5.1.1 https://www.nfcworld.com/wp-content/uploads/2016/02/cropped-nfc-world-site-icon-32x32.png European Commission – NFC World https://www.nfcworld.com 32 32 37289602 Airlines leverage PSD2 to cut transaction fees https://www.nfcworld.com/2019/01/14/358988/airlines-leverage-psd2-to-cut-transaction-fees/ Mon, 14 Jan 2019 15:15:44 +0000 https://www.nfcworld.com/?p=58988 “IATA Pay is an industry-supported initiative to develop a new payment option for consumers when purchasing a ticket directly from an airline website. It is made possible by the European Commission’s second Payment Services Directive (PSD2), and the UK’s Open Banking regulation. For airlines, the advantages of IATA Pay are: Cheaper payment option compared to […]

Read the rest of Airlines leverage PSD2 to cut transaction fees at NFC World.

]]>
58988
EU begins rollout of cross-border digital identity project https://www.nfcworld.com/2018/10/01/358176/eu-begins-rollout-of-cross-border-digital-identity-project/ Mon, 01 Oct 2018 11:38:37 +0000 http://www.nfcworld.com/?p=58176 “As of 29 September, the EU-wide legislation on the electronic identification (eIDAS Regulation) will enter into force enabling cross-border recognition of the electronic ID and allowing citizens and business to share their identity data when necessary. People will be able to use their electronic ID (eID) such as ID cards, driver licenses, bank cards and […]

Read the rest of EU begins rollout of cross-border digital identity project at NFC World.

]]>
58176
EU gives payments industry 18 months to implement strong customer authentication https://www.nfcworld.com/2017/12/05/355734/eu-gives-payments-industry-18-months-implement-strong-customer-authentication/ Tue, 05 Dec 2017 16:05:56 +0000 http://www.nfcworld.com/?p=55734 “The RTS makes strong customer authentication (SCA) the basis for accessing one’s payment account, as well as for making payments online. This means that to prove their identity users will have to provide at least two separate elements out of these three: something they know (a password or PIN code); something they own (a card, […]

Read the rest of EU gives payments industry 18 months to implement strong customer authentication at NFC World.

]]>
55734
EU to enable national eID data to be used to secure third party online services https://www.nfcworld.com/2017/10/09/355006/eu-national-eid-secure-third-party-services/ Mon, 09 Oct 2017 13:08:43 +0000 http://www.nfcworld.com/?p=55006 “We will in our countries… enable the private sector to make use of national eID schemes and trust services in securing the delivery of their digital services, where beneficial to the citizen… We will in our countries… make it possible for citizens and businesses to digitally manage their personal data held by the public administration.”

Read the rest of EU to enable national eID data to be used to secure third party online services at NFC World.

]]>
55006
EU regulators raid banks over fintech access concerns https://www.nfcworld.com/2017/10/09/354999/eu-regulators-raid-banks-fintech-access-concerns/ Mon, 09 Oct 2017 12:46:48 +0000 http://www.nfcworld.com/?p=54999 “The European Commission can confirm that on 3 October 2017 its officials carried out unannounced inspections in a few Member States concerning online access to bank account information by competing service providers… These alleged anti-competitive practices are aimed at excluding non-bank owned providers of financial services by preventing them from gaining access to bank customers’ […]

Read the rest of EU regulators raid banks over fintech access concerns at NFC World.

]]>
54999
EU agency calls for action on IoT security https://www.nfcworld.com/2017/05/25/352776/eu-agency-calls-for-action-on-iot-security/ Thu, 25 May 2017 13:26:48 +0000 http://www.nfcworld.com/?p=52776 The EU Agency for Network and Information Security (ENISA) is calling on the European Commission to define a policy framework ensuring minimal requirements for the security of Internet of Things (IoT) devices along with the development of mandatory staged requirements for security and privacy to give stakeholders a “level playing field” in implementing trust into connected devices and IoT systems.

Read the rest of EU agency calls for action on IoT security at NFC World.

]]>
52776
Graphene NFC antennas pave way for cheaper, stronger connected wearables https://www.nfcworld.com/2016/12/05/348851/graphene-nfc-antennas-pave-way-cheaper-stronger-connected-wearables/ Mon, 05 Dec 2016 15:32:43 +0000 http://www.nfcworld.com/?p=48851 Fully flexible NFC antennas made from graphene could match the performance of conventional metallic antennas, making connected wearable devices cheaper and more energy-efficient, a consortium backed by the European Commission says. Researchers from the Graphene Flagship — one of Europe’s largest research initiatives with a €1bn (US$1.07bn) budget — designed an antenna that could exchange […]

Read the rest of Graphene NFC antennas pave way for cheaper, stronger connected wearables at NFC World.

]]>
48851
European Commission approves Visa’s acquisition of Visa Europe https://www.nfcworld.com/2016/06/03/345271/european-commission-approves-visas-acquisition-visa-europe/ Fri, 03 Jun 2016 12:39:57 +0000 http://www.nfcworld.com/?p=45271 The European Commission has approved the proposed acquisition of Visa Europe by Visa. “Visa has now received all regulatory approvals required for the acquisition,” Visa says. “The transaction has already been cleared by both the Jersey and the Turkish competition authorities. The transaction is expected to close in Visa Inc’s fiscal third quarter of 2016. […]

Read the rest of European Commission approves Visa’s acquisition of Visa Europe at NFC World.

]]>
45271
Visa amends financial details of Visa Europe acquisition https://www.nfcworld.com/2016/04/25/344234/visa-amends-financial-details-visa-europe-acquisition/ Mon, 25 Apr 2016 15:10:59 +0000 http://www.nfcworld.com/?p=44234 Visa has reached a preliminary agreement to amend the transaction details of its Visa Europe acquisition in response to feedback from the European Commission. “Instead of an earn-out, the cash consideration payable in the transaction will be increased by €1.75 billion — €750m payable upon closing and €1bn, plus 4% compound annual interest, payable on […]

Read the rest of Visa amends financial details of Visa Europe acquisition at NFC World.

]]>
44234
Carriers get green light to launch NFC in the UK https://www.nfcworld.com/2012/09/05/317593/uk-carriers-get-green-light-to-launch-nfc-in-the-uk/ Wed, 05 Sep 2012 10:48:31 +0000 http://www.nfcworld.com/?p=17593 The European Commission has given its unconditional approval for the UK's three largest mobile network operators to form a joint venture company to introduce NFC mobile payments and promotional services in the UK.

Read the rest of Carriers get green light to launch NFC in the UK at NFC World.

]]>
17593