The newest update to the Payment Services Directive, PSD3, has been two years in the making, and final guidelines are expected to come this year. While the changes will be sweeping in Europe, shifting how the directive impacts banks and payment service providers (PSPs), we...
The European Commission approved Nvidia’s proposed acquisition of Run:ai Thursday (Dec. 19), saying that it did so unconditionally and that the transaction would raise no competition concerns in the European Economic Area (EEA). The case had been referred to the Commission in September by the...
Apple is facing new pressure in Europe to let competitors access its iPhone operating system. The European Commission (EC) on Wednesday (Dec. 18) published a pair of documents covering how the tech giant needs to meet interoperability requirements of the Europe Union’s (EU) Digital Markets Act (DMA). The EC’s guidelines for Apple...
The European Union’s new competition chief, Teresa Ribera, reportedly said that a breakup of Google is still a possibility. Ribera said that divestments can keep Big Tech companies from gaining too much market power and that she aims to build on the “legacy” of her...
January 08, 2025
Instant payments in the European Union will reach a milestone Thursday (Jan. 9). That’s when banks and payment service providers must be able to receive instant payments. Through the past several years, PYMNTS Intelligence has tracked the development and momentum of faster payments across the globe. Instant, always-on transactions promise to change commerce, particularly in […]
January 06, 2025
The newest update to the Payment Services Directive, PSD3, has been two years in the making, and final guidelines are expected to come this year. While the changes will be...
October 02, 2024
Federal Reserve Governor Lisa Cook is tempering expectations of an artificial intelligence (AI) productivity impact, while Malaysia unveiled ambitious plans to become an AI hub and the European Commission assembled...
January 15, 2024
Friday heralded the official kick off of earnings season, with banks leading the charge. Within the CE 100 Index, gains seen in the work segment were blunted by the bank...
December 20, 2024
The European Commission approved Nvidia’s proposed acquisition of Run:ai Thursday (Dec. 19), saying that it did so unconditionally and that the transaction would raise no competition concerns in the European Economic Area (EEA). The case had been referred to the Commission in September by the Italian competition authority, which asked the Commission to determine whether […]
December 19, 2024
Apple is facing new pressure in Europe to let competitors access its iPhone operating system. The European Commission (EC) on Wednesday (Dec. 18) published a pair of documents covering how the tech giant needs to...
December 05, 2024
The European Union’s new competition chief, Teresa Ribera, reportedly said that a breakup of Google is still a possibility. Ribera said that divestments can keep Big Tech companies from gaining...
November 29, 2024
The European Commission (EC) has adopted technical standards for cross-border European Digital Identity (eID) Wallets in the European Union (EU), saying this will help member states build their own wallets and...
