NFCW

JUNE 25, 2024

TRANSACTION FEE: A step-by-step overview of the digital euro compensation model Payment service providers will be able to charge merchants a fee for enabling them to accept digital euro transactions, the European Central Bank (ECB) has revealed, but a cap will be placed on the amount that it will be possible for them to charge.

Central Bank 104

Central Bank Online and Mobile Banking Legal Framework Caps 104

Fintech Finance

JULY 1, 2024

When paying offline, personal transaction details would only be known to the payer and the payee and would not be shared with payment service providers, the Eurosystem or any providers of supporting services. To use data for commercial purposes, payment service providers would need users’ explicit consent.

Legal Framework 98

Legal Framework Money Laundering Online and Mobile Banking Central Bank 98

Basis Theory

OCTOBER 1, 2024

Third-Party Service Provider ( TPSP or "service provider") refers to an entity other than the Merchant, Acquirer, or Issuer involved in storing, processing, or transmitting card data. Today, most companies offset this effort by inheriting the compliance posture of their service provider, like Basis Theory.

PCI DSS 88

PCI DSS Compliance Encryption Assessments 88