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PSD2: New Payment Services Law in Belgium

Written by Edwin Jacobs on , in category E-business

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.

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How To Tackle Data Breaches Notifications Under GDPR

Written by Edwin Jacobs on , in category Rules & regulations

On October 3rd 2017, the EU’s Article 29 Working Party (WP29) adopted its draft of ‘Guidelines on Personal data breach notification under Regulation 2016/679 [General Data Protection Regulation]’. Even though the document is still open for comments by stakeholders until November 28th, this article takes a preliminary look at the guidelines’ main takeaways and recalls upon data breach obligations arising from other instruments that payment -, communication- and internet service providers might also have to comply with.

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Is Profiling Still Allowed Under GDPR?

Written by Edwin Jacobs on , in category Rules & regulations

Ecommerce merchants, PSPs, fintech companies and financial institutions use big data technologies to improve customer intelligence, reduce risk, and meet regulatory objectives. For all companies doing business in Europe, including those based in the US or elsewhere outside the EU, it is crucial to align business operations with the General Data Protection Regulation (GDPR) that will come into force on 25 May 2018.

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