EPIF is delighted to share with you its views and recommendations ahead of the expected proposal by the European Commission revising the PSD2. EPIF members have always been supportive of the PSD2's goals of being a maximum harmonisation Directive. With this in mind, our recommendations focus on the areas we believe warrant a closer and more urgent [...]
EPIF is delighted to share with you its position on the ongoing Digital Euro project. As an active stakeholder in the various workstreams of the Euro Retail Payments Board (ERPB), including the Rulebook Development Group, EPIF members are closely following the developments. At a high-level, EPIF would strongly discourage any rushed procedures in the Digital [...]
EPIF is delighted to share with you its position on the Settlement Finality Directive. Adopted in 1998, the SFD guarantees that transfer orders within the European Union which enter the intra-bank payment system of central banks or are used for clearing and settlement of securities are legally settled. Under the current settlement arrangements for SCT [...]
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. As a member of the European Payments Council (EPC), EPIF has actively participated [...]
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 [...]
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, [...]
EPIF is delighted to share its response to the European Commission's targeted consultation on the review of the revised Payment Service Directive (PSD2). The payments landscape has changed in the last years, with the entry into force of the PSD2 and developments in technology and FinTech introducing many new players and new payment solutions into [...]
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 [...]
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 [...]
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 [...]