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 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 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 [...]
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 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 [...]
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 [...]
EPIF is delighted to share with you its position paper on the proposal on the legal tender of euro banknotes and coins. EPIF very much welcomes the European Commission’s double objective on the proposal to promote the acceptance and the access to euro banknotes and coins. We see cash availability and acceptance as a crucial [...]
EPIF is delighted to share with you its position paper on the proposal establishing the digital euro. EPIF has been an active stakeholder in the various workstreams of the Euro Retail Payments Board (ERPB), including the Rulebook Development Group. We very much welcome the ECB’s work to involve the industry in this important exercise of [...]
EPIF is delighted to share its position paper on the recent proposals on payment services (PSD3/PSR). EPIF very much welcomes these proposals, in particular the ambitious approach taken by the European Commission to move towards a Single Rulebook. This is an important step to further deepen the EU’s Single Market for payments and reduce divergences [...]
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 [...]