HM Treasury – 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, 24 Apr 2019 16:14:04 +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 HM Treasury – NFC World https://www.nfcworld.com 32 32 37289602 UK government expands open banking project to credit cards, e-wallets and prepaid cards https://www.nfcworld.com/2017/11/23/355680/uk-government-expands-open-banking-project-credit-cards-ewallets-prepaid-cards/ Thu, 23 Nov 2017 11:53:38 +0000 http://www.nfcworld.com/?p=55680 “The OBIE [Open Banking Implementation Entity] has now been asked by the CMA9 and Her Majesty’s Treasury to create open banking standards for all payment account types covered by the European Union’s second Payments Services Directive (PSD2). This means customers using credit cards, e-wallets and prepaid cards will also be able to take advantage of […]

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Financial Conduct Authority sets out PSD2 requirements for UK payment service providers https://www.nfcworld.com/2017/09/19/354738/financial-conduct-authority-psd2-requirements/ Tue, 19 Sep 2017 12:50:09 +0000 http://www.nfcworld.com/?p=54738 “As well as promoting innovation, PSD2 aims to improve consumer protection, make payments safer and more secure, and drive down the costs of payment services….The FCA has published the PSD2 Policy Statement which explains the changes we are making to our proposals following consultation… The FCA has published its Approach Document alongside this – this […]

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Visa and American Express to strengthen security for stolen contactless cards https://www.nfcworld.com/2017/04/12/351623/visa-american-express-strengthen-security-stolen-contactless-cards/ https://www.nfcworld.com/2017/04/12/351623/visa-american-express-strengthen-security-stolen-contactless-cards/#comments Wed, 12 Apr 2017 11:45:26 +0000 http://www.nfcworld.com/?p=51623 Visa is to bring all of its contactless transactions online this year across 10 European countries to give consumers “more control over their accounts” following calls from the UK’s Financial Conduct Authority (FCA) for banks to tighten the processes they undergo when a customer reports a stolen contactless card. American Express is also “reviewing options” to ensure those who cancel their cards are protected against contactless fraud.

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UK regulator calls for banks to tighten cancellation processes for stolen contactless cards https://www.nfcworld.com/2017/03/31/351399/uk-regulator-calls-for-banks-to-tighten-cancellation-processes-for-stolen-contactless-cards/ https://www.nfcworld.com/2017/03/31/351399/uk-regulator-calls-for-banks-to-tighten-cancellation-processes-for-stolen-contactless-cards/#comments Fri, 31 Mar 2017 09:51:01 +0000 http://www.nfcworld.com/?p=51399 The UK’s Financial Conduct Authority has set out measures it plans to tighten the processes banks undergo when a customer reports a stolen contactless card, which currently allow — in a “limited set of circumstances” — for a stolen card to be misused by fraudsters “several months after it has been cancelled”.

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UK government publishes e-money consultation document, aims to open up market to mobile operators https://www.nfcworld.com/2010/11/08/34924/uk-government-e-money-consultation-document/ Mon, 08 Nov 2010 13:48:24 +0000 http://www.nearfieldcommunicationsworld.com/?p=4924 The UK government has published a consultation document and is requesting feedback from interested parties on planned changes to the way that electronic money is regulated in the UK. The document sets out how the UK plans to meet the requirements of the Electronic Money Directive, adopted by the EU in September 2009, and how […]

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