News
New Consumer Subscription Contract Rules Introduced in Germany
January 20, 2022
The Fair Consumers Contract Act was issued in Germany in August 2021 and became effective in October 2021. The new payments regulations will impact subscription-based business models in particular, including gaming, streaming and other providers of digital content. Those impacted have a transition period available, with the required changes coming into force over different dates in 2022.
An Update on MRC Advocacy in India
December 31, 2021
The MRC has heard from organizations in India about the lack of preparedness in the region’s payments ecosystem for these regulations. The consumer impact is negative, and merchants are scrambling desperately to find a work-around.
MRC Advocacy Update - Voice of the Merchant
May 24, 2021
The MRC is working on many initiatives to ensure the Voice of the Merchant is represented and heard in industry discussions. We are proud to support you and have outlined some of our recent endeavours, so you are aware of our advocacy efforts and continue to engage with us.
MRC and Auriemma Roundtables Host Merchant Issuer Collaboration Session
May 19, 2021
The MRC and Auriemma Roundtables recently hosted a collaborative session focused on the adoption and effectiveness of 3D Secure authentication and the growing challenge of first-party fraud and misuse. This session brought together card issuers and merchants to discuss differing stakeholders’ perspectives on ongoing challenges.
Newly Appointed Fraud Prevention and Payments Industry Visionaries Expand MRC Mission
October 05, 2020
The MRC recently strengthened its governance structure by electing Trevor Nies, Senior Director of eCommerce Payments, Risk Operations, and Analytics at Microsoft, as Chair of the MRC Global Board of Directors and hiring industry veteran Julie Fergerson as MRC CEO.
MRC Supports the Industry Request to Delay the Deadline for Implementation of SCA Requirements
May 18, 2020
The MRC supports the industry request to delay the implementation deadline for the Strong Customer Authentication (SCA) requirements under PSD2.
MRC Flagship Conferences 2020 Update
March 12, 2020
The MRC has posted an updated statement and frequently asked questions concerning its Flagship 2020 conferences, MRC Vegas and MRC Paris, and changes due to the impact of coronavirus/COVID-19.
EBA Publishes Opinion on Elements of Strong Customer Authentication under PSD2
June 21, 2019
The European Banking Authority (EBA) published an Opinion on the elements of strong customer authentication (SCA) under the revised Payment Services Directive (PSD2) as to which authentication approaches the EBA considers to be compliant with SCA.
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Stopping Payment Fraud Without Blocking Real Transactions
September 06, 2017
Businesses must tread a fine line to protect customer payments -- stopping sophisticated fraudsters is crucial, but to avoid blocking real transactions requires a more coordinated effort.