EPIF welcomes the European Commission proposal on Instant Credit Transfers

EPIF welcomes the proposal by the European Commission on instant credit transfers in euros. This proposal is an essential element of the EU’s Retail Payments Strategy and EPIF members have always supported the efforts by the European Commission to foster pan-European initiatives. New initiatives based on instant payments will increase competition in the Single Market [...]

2022-10-27T14:31:23+00:00

EPIF response to the European Commission’s consultation on Open Finance

EPIF is delighted to share its response to the European Commission targeted consultation on a open finance framework and data sharing in the financial sector. EPIF considers that primarily Open Finance has brought more payment solutions and more options available. Notwithstanding, often provisions are not phrased in a technology-agnostic manner and can be overly prescriptive, [...]

2022-07-05T16:20:10+00:00

EPIF letter to the ECB on the Digital Euro

Given the ongoing investigation by the European Central Bank on a possible Digital Euro, EPIF is delighted to share its written feedback to the first European Retail Payments Board Digital Euro Focus Session with the non-bank payment sector. The first and foremost priority is to know the design of the Digital Euro, on which the [...]

2022-07-05T07:51:17+00:00

EPIF response to the Commission targeted consultation on the Digital Euro

EPIF is delighted to share with you its response to the Commission targeted consultation on the Digital Euro. EPIF fully supports the ECB task of to promote the smooth operation of payment systems and we agree that the safety and efficiency of the payment system is essential for a stable and well-functioning financial system and contributes [...]

2022-06-17T14:07:56+00:00

EPIF response to the OECD RFI exclusion under Pillar 1 – Amount A

EPIF is delighted to share with you its response to the OECD Public Consultation on the Regulated Financial Institutions exclusion under Amount A of Pillar 1. EPIF points out that the proposed rules lead to inequalities that result from the exclusion being determined on an entity-level basis and thus applies to the financial services activities [...]

2022-05-20T14:39:53+00:00

EPIF response to the EBA Consultation on remote onboarding

EPIF is delighted to share with you its response to the EBA Consultation on new  Guidelines on the use of remote customer onboarding solutions. EPIF very much welcomes the Guidelines but points out that further clarity should be provided. The use of plain language throughout the Guidelines would help regulators and businesses understand what is [...]

2022-03-10T17:52:05+00:00

EPIF response to the EBA Consultation on 90 day re-authentication

EPIF is delighted to share with you its response to the EBA Consultation on the amendment to its technical standards on strong customer authentication and secure communication in relation to the 90-day exemption for account access. EPIF welcomes the EBA initiative to reassess some of the practical issues around Strong Customer Authentication (SCA) in the [...]

2021-11-25T10:54:26+00:00

EPIF response to the Commission AML Package

EPIF is delighted to share with you its response to the Commission AML Package. EPIF very much welcomes the Commission’s proposals as part of the AML package. We have been strong supporters of moving to greater harmonization in the EU Anti-Money Laundering (AML) framework and we very much welcome the fact that parts of the [...]

2021-11-15T18:49:53+00:00
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