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 [...]
EPIF is delighted to share with you its response to the EBA Consultation on the Guidelines on Limited Network Exclusions under PSD2. EPIF welcomes the opportunity to reply to this consultation. We strongly support the limited network exclusion (LNE) and agree that there is a need for clearer guidance regarding the scope of the LNE. [...]
EPIF is delighted to share with you our response to the Commission consultation on Instant Payments. We agree with the Commission’s overall objective to foster pan-European market initiatives based on instant payments, which would ensure that anyone holding a payment account in the EU could be able to receive and send an instant credit transfer [...]