The European Payment Institutions Federation (EPIF), at its Annual General Meeting on 23 June 2020, re-elected Elie Beyrouthy of American Express as Chair of the Board for a further three years. The election was unanimous. Reacting to his appointment, Elie Beyrouthy said: “EPIF continues to go from strength to strength demonstrating thought leadership across a [...]
The European Payment Institutions Federation (EPIF) has co-signed a cross-industry letter to the European Commission calling for an extension to the deadline of an important ongoing public consultation on VAT-relevant payment data, owing to the exceptional circumstances presented by the COVID-19 crisis. Please find the letter at the link below.
The European Payment Institutions Federation takes note of the adoption today by the ECOFIN Council of the proposal on VAT-related information reporting requirements imposed on Payment Service Providers. Throughout the legislative process we have consistently raised concerns about the feasibility and effectiveness of the proposal. We have presented our own pragmatic amendments to these proposals [...]
Joint Industry Statement – Council adoption of VAT reporting measures – payments industry remains concerned
The European Payment Institutions Federation, the European Banking Federation, the European Savings and Retail Banking Group and the European Association of Co-operative Banks note the adoption today by the ECOFIN Council of the proposal on VAT-related information reporting requirements imposed on Banks and Payment Service Providers. Throughout the legislative procedure we have consistently raised concerns [...]
Following the joint industry letter on SCA Implementation, EPIF has taken the lead on a further joint industry letter to the EBA on harmonised SCA implementation roadmap . The letter has been co-signed by: European Payment Institutions Federation (EPIF) European Association of Payments Service Providers For Merchants (EPSM) Computer and Communications Industry Association (CCIA) European [...]
EPIF has taken the lead on a further joint industry letter to the EBA on SCA Implementation. We jointly share the goal of a harmonised EU implementation of SCA. In a first instance we have therefore called on the EBA to use its suasion to encourage all NCAs to communicate publicly that they will adopt [...]
EPIF is pleased to share with you an Article that Ignacio González-Páramo, Vice President of Regulatory Affairs of Payvision wrote on how to leverage SCA and PSD2 requirements for the financial industry to attain actual success. Please find the link to the article here.
EPIF is delighted to share with you a joint industry statement that we have prepared on SCA Implementation. With this statement we would like to express support of the goals of SCA to reduce fraud and increase consumer trust in electronic payments. However, we would like to reiterate that a migration towards SCA requires significant [...]
EPIF welcomes the decision by the EBA and NCAs to grant a degree of flexibility in the practical implementation of SCA requirements. EPIF recently held a workshop on the challenges of SCA implementation; we were impressed by the response we got from the merchant community and other payment providers and networks. In total more than [...]
EPIF welcomes the launch of the Target Instant Payment Settlement (TIPS), and supports its goal of addressing the changes brought about by digitalisation, through enabling payment service providers’ to process customers’ fund transfers in real time throughout the EU. Elie Beyrouthy, Chair of EPIF states: “EPIF believes instant payments offer many opportunities, particularly in the [...]