Latest opinions that Tom Hay has shared on Finextra

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Tom Hay

Principal Consultant

Payment Systems Europe

Member since

13 Aug 2009

Location

London

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Tom's opinions

The ERPB Highlights the Holes in PSD2

A year ago, the European Retail Payments Board (ERPB) flagged that “In practice, PSD2 and the EBA RTS will not cover all aspects that are relevant for the development of an integrated market of Payment Initiation Services (PIS) in the EU”. In November 2016, they set up a Working Group on Payment Initiation Services “to identify conditions for the ...

22 June 2017 /payments

PSD2 - The Final RTS: 10 Things You Need To Know

The wait is over. The European Banking Authority (EBA) has recently published its ‘final’ Regulatory Technical Standards (RTS) on Strong Customer Authentication (SCA) and common and secure communication under PSD2. PSD2 and particularly the SCA aspect has the potential to dramatically change not just the payments sector but the wider banking mark...

10 March 2017 /security /payments

The Treasury’s view of PSD2: A step in the right direction?

As a European directive, PSD2 has to be transposed into UK law. HM Treasury has recently launched a consultation inviting comment on the proposed legislative changes. The consultation document is written in plain English, and explains some of the issues very clearly. The directive is aimed at “maximum harmonisation”, which means that national la

22 February 2017 /payments /regulation