On Monday 26 March 2018, a new transposition law was published in the Belgian Official Gazette: the Law of 11 March 2018 on the statute and supervision of payment institutions and electronic money institutions, access to the business of payment service provider and to the activity of issuing electronic money, and access to payment systems.
The European Banking Authority (EBA) has drafted recommendations aiming to provide guidelines for institutions on cloud computing. They are addressed to, in specific, credit institutions, investment firms and public authorities.
Time.lex has just completed a study for the European Commission, examining legal prerequisites for cloud computing SLAs across the EU. This study has now been published, and includes a cloud computing SLA template, including explanatory comments.
End of June The European Council has given full support to the European Commission’s plan to create a Digital Single Market.
The European Council has stated that the following actions should be taken:
The European Commission has published the new logo for Qualified Trust Services in the European Union.
Mid-December 2014, the European Banking Authority (EBA) published its final Guidelines on the security of internet payments. These Guidelines are based on the work published by the European Forum on the Security of Retail Payments (SecuRe Pay) and set the minimum security requirements that Payment Services Providers (PSPs) in the EU will be expected to implement by 1 August 2015. Meanwhile, there is already a political agreement on the new PSD2.
How can you use electronic identification in your business model? What is a profitable business model for electronic identification and authentication Services? How can you make cross-border electronic transactions more secure and consumer friendly?
In mid December 2014, the European Banking Authority published its final guidelines on the security of internet payments. They set out the minimum security requirements that Payment Services Providers in the EU will be expected to implement by 1 August 2015.
Apple decided at the end of December 2014, with the New Year just around the corner, to modify its return policy for iTunes and App Store purchases. Up until that modification, Apple’s return policy was essentially non-existent as each purchase made via those platforms was definitive and irreversible.
Recently the presidency of the EU Council of Ministers recommended that strong customer authentication should be mandatory in a whole range of electronic payments, including for payment transactions made through digital wallet solutions and for electronic direct debit mandates.