Security of Internet payments – National authorities enforcing EBA Guidelines

Last Thursday, on 21 May 2015, the European Banking Authority (EBA) published the compliance notifications from the various European national authorities regarding the enforcement of the EBA Guidelines for the Security of Internet Payments. I already discussed the Guidelines in an earlier blogpost. This blogpost provides an update in light of the publication of the compliance notifications by the EBA. Background On December 19, 2014, the European Banking Authority (EBA)… Read more


Security of Internet Payments: Legislative Developments in Europe

In January 2013, the SecuRe Pay forum of the European Central Bank (ECB) published its “Recommendations for the security of Internet payments”. With these recommendations, SecuRe Pay aimed to create a minimum level for the security of Internet payments, and to harmonize the security of payments within the European Economic Area (EEA). Since then, many regulatory and legislative initiatives related to electronic payment security have occurred. The SecuRe Pay forum… Read more