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UK Retail Banks Draft FinTech Alliance Guidelines

PYMNTS

banks and financial technology firms have worked together to create a set of guidelines to improve the relationship between FinTech startups and financial institutions (FIs). The new guidelines, developed by the British Standards Institute (BSI), aim to address issues that interfere with FinTech firms and banks forming alliances.

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Draft Guidelines Clarify GDPR Scope

PYMNTS

As GDPR continues to take root, having an impact in Europe and beyond the confines of the continent, news came late last month that the European Data Protection Board has published draft guidelines that touch on the data protection regulation’s territorial scope. As many as 2.7 million users had accounts in the United Kingdom.

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How device intelligence tech can help FIs comply with key FFIEC mobile security guidelines

Payments Dive

In April, the Federal Financial Institutions Examination Council released updated security guidelines for mobile banking and payments. Michael Lynch, the chief strategy officer for InAuth, highlights some important parts of the new document that banks need to keep in mind going forward.

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ESMA seeks input on MiCA guidelines for crypto assets

The Paypers

The European Securities and Markets Authority ( ESMA ) has published two Consultations Papers on guidelines under Markets in Crypto Assets Regulation.

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More PPP Forgiveness Guidelines Unveiled, But Clarity Remains Elusive

PYMNTS

Treasury Department and Small Business Administration (SBA) have tried a few times to clear up the confusion, most recently unveiling new guidelines through a loan forgiveness application. With the new guidelines , firms have to use 40-hour weeks to determine full-time equivalent hours. Of those that had secured loans, 43.2

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RBI Releases Guidelines For Electronic Card Payments

PYMNTS

The Reserve Bank of India has released guidelines for what it calls the “tokenization” of debit and credit card transactions, according to reports. The goal of the process is to improve the safety and security of payments. A customer shouldn’t have to pay to use the service, the bank added.

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EBA repeals PSD1 internet payments security guidelines

The Paypers

The European Banking Authority (EBA) has officially repealed its guidelines on the security of internet payments under the former Payments Services Directive (PSD1).