Financial Conduct Authority sets out PSD2 requirements for UK payment service providers

FCA finalises revised Payment Services Directive (PSD2) requirements — Financial Conduct Authority — “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 is designed to help firms navigate the payment services and e-money regulatory requirements, including those set out in HM Treasury regulations.”





UL offers GSMA NFC testing

UL is now able to test NFC functionality for mobile network operators and handset manufacturers in accordance with the GSMA’s newly developed GSMA Handset Test Book (PDF)... More


UL gets EMVCo accreditation for mobile payments testing

UL

UL has extended its testing services to include Application Activation User Interface (AAUI) and Proximity Payment System Environment (PPSE) testing, enabling payments technology providers to ensure their products adhere to EMVCo’s Contactless Mobile Payment Product Type Approval requirements... More


GSMA requests feedback on mobile wallet technical proposal

GSMA

The mobile network operators’ trade association has published a technical document that sets out how carriers around the world could implement core NFC mobile wallet functions in a standard manner — and is asking potential service providers, suppliers and other interested parties to provide feedback on the plans. More


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