EPIF response to Payments Ecosystem and the Role of Non-Bank PSPs
The payments landscape has undergone significant changes in the last decades. The introduction of the Payment Services Directive in 2007 and the E-Money Directive of 2009 has led to the emergence of non-bank payment service providers (non-bank PSPs) delivering innovative, convenient, fast and secure payment options for customers. It has resulted in increased competition in [...]
EPIF response to the FSB Consultation on regulatory and supervisory alignment
EPIF is delighted to share with you its contributions to the FSB consultation under the G20 Roadmap on regulatory and supervisory alignment. EPIF is a very strong supporter of the G20 Roadmap on Cross-Border Payments and appreciates the opportunity to respond to this consultation. Regulation and compliance have emerged as one of the largest cost [...]
EPIF response to the FSB Consultation on Data Frameworks
EPIF is delighted to share with you its contributions to the FSB consultation under the G20 Roadmap on aligning data frameworks. EPIF very much supports the efforts by the FSB to further promote the alignment and interoperability of data frameworks across jurisdictions and agrees with the overall assessment that the lack of interoperability of data [...]
EPIF Statement on the Authorization of Payment Transactions under the PSR
European payment service providers (PSPs) are committed to combating payment fraud and enhancing transaction security across Europe. EPIF is delighted to share with you its views on the subjective approach to the authorization of payment transactions and the current concerns of the industry with this approach, notably in terms of the increase dispute risks, the [...]
EPIF views on fraud under the PSR
EPIF is delighted to share with you its views on fraud under the PSR and its proposal for a more comprehensive fraud prevention approach. Fraud is a societal risk that jeopardizes the safe functioning of the digital economy. To properly tackle fraud, it is necessary to implement a wide range of tools that allow all [...]
Joint Statement on EUCS
EPIF is delighted to share with you the joint statement co-signed with AFME and Insurance Europe regarding the cybersecurity certification scheme for cloud services (EUCS). In this joint statement we welcome the improvements made in the latest version of the draft EUCS scheme. With the removal of most sovereignty requirements, the latest draft will introduce [...]
Joint Statement on MITs under PSR
EPIF is delighted to share with you the joint statement co-signed with other industry representatives to highlight a common concern with the treatment of merchant initiated transactions (MITs) within the proposal for a payments services regulation (PSR). The new proposal extends the unconditional refund rights under Article 62(1) that exists for direct debits to all [...]
Joint Statement on duplication in the Cyber Resilience Act
EPIF is delighted to share with you the joint statement on duplication in the Cyber Resilience Act co-signed by EPIF together with the associations AFME, EBF, EPIF, ESBG and EACB regarding the duplication between the Cyber Resilience Act (CRA) and DORA. With this statement the co-signatories aim to draw your attention to the the overlap [...]