European Union

The European Union is a political and economic union of 27 member states that are located primarily in Europe. Its members have a combined area of 4,233,255.3 km² and an estimated total population of about 447 million.

Source: europa.eu

How EU Merchants Are Adjusting To SCA
How EU Merchants Are Adjusting To SCA
October 08, 2019  |  Regulation

EU merchants, PSPs, and FIs watched as the strong customer authentication (SCA) deadline passed — then went right back to asking questions that regulators haven’t...

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EU Slaps Broadcom With Interim Anti-Competitive Order
EU Slaps Broadcom With Interim Anti-Competitive Order
October 07, 2019  |  Regulation

The European Union’s antitrust enforcer Margrethe Vestager is handing down an interim order to U.S. chipmaker Broadcom to halt purported anti-competitive practices, the Financial Times reported...

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Trending: How EU Regulators Are Complicating SCA Compliance
Trending: How EU Regulators Are Complicating SCA Compliance
October 07, 2019  |  Regulation

Strong Customer Authentication (SCA) is just weeks-old and already mired in controversy. Merchants in the European Union (EU) are still wondering exactly what changes the...

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EU To Call For Digital Tax Reform, Stablecoin Regs At G20 Meeting
EU To Call For Digital Tax Reform, Stablecoin Regs At G20 Meeting
October 04, 2019  |  Cryptocurrency

At a G20 meeting in the middle of October, European Union finance ministers will reportedly tell their counterparts that a worldwide regulatory response is needed...

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Finance Minister: UK To Exit EU On Oct. 31
Finance Minister: UK To Exit EU On Oct. 31
September 30, 2019  |  Brexit

U.K. Chancellor of the Exchequer Sajid Javid said the country will split from the European Union effective Oct. 31, Reuters reported on Monday (Sept. 30). “Hopefully...

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Vestager: EU Should Proceed With No-Deal Digital Tax
Vestager: EU Should Proceed With No-Deal Digital Tax
September 27, 2019  |  Europe

In a move that increases pressure on multinationals, European Union commissioners-designate said the bloc should come to an agreement on a digital tax if a...

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Top News In Payments: R3 Works With Mastercard On Blockchain Tech; Uber Pushes Back On California Law
Top News In Payments: R3 Works With Mastercard On Blockchain Tech; Uber Pushes Back On...
September 12, 2019  |  News

Today in the payments news roundup, R3, an enterprise software provider, is collaborating with Mastercard to establish a blockchain cross-border payments solution. Also, Uber will...

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ECB Debuts Bond Buying Initiative; Slashes Deposit Rate To Record Low
ECB Debuts Bond Buying Initiative; Slashes Deposit Rate To Record Low
September 12, 2019  |  International

The European Central Bank (ECB) is hoping to revitalize the eurozone economy with a stimulus package consisting of a lower main deposit rate and a...

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Rival Claims Google Funnels User Info To Advertisers
Rival Claims Google Funnels User Info To Advertisers
September 04, 2019  |  Google

Google is being accused of stealthily handing personal data to advertisers by using hidden web pages, the Financial Times reported on Wednesday (Sept. 4).  Such activity...

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