Europe

In many ways, the goal of the GDPR is to increase difficulty for a hacker, while also flipping the rights of data ownership back to the European consumer. U.S. companies that serve European consumers are obligated to follow the regulations.

Global payment and fraud prevention provider Pelican is bringing its faster payments system to the North America market after working within the European SEPA Instant Payments scheme last year.

PCI compliance won't be enough to meet the strict requirements of the General Data Protection Regulation, which takes hold May 25 in Europe.

Bank of America Merrill Lynch has launched an application programming interface (API) gateway available to third-party fintech providers, as part of preparations for Europe’s PSD2 regulations that went into effect this month.

A fintech investment surge is underway across Europe. What’s unknown is how the looming Brexit situation may affect the U.K.’s strong fintech momentum, and where exactly funds would flow if talent and startups flee Britain.

Mastercard plans to deploy its biometric authentication option for European consumers to use through their smartphones when shopping online or conducting mobile banking.

Visa did not attribute its shutdown to the use of bitcoin, but the incident is a further reminder — as if one was needed — that cryptocurrencies' volatility extends beyond their dramatic pricing swings.

Once 2018 arrives, significant new payment and data-sharing rules will take effect in Europe, and the fallout is expected to affect banks, merchants and technology vendors globally.

While many companies already have a compliance officer in place, the EU's General Data Protection Regulation requires a data protection officer, writes Sudeep Nadkarni, senior vice president and head of banking and financial services for NIIT Technologies.

Hoping to streamline the payment options across Europe, the European Payments Council has launched the SEPA Instant Credit Transfer scheme.