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 [...]
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. [...]
We are delighted to share EPIF's response to the EBA consultation on the Revised Guidelines on major incident reporting.
EPIF co-signed a joint industry letter that was sent to the EBA on the RTS on SCA and the use of CVV as a valid authentication factor. This letter was co-signed by: European Payment Institutions Federation (EPIF) Ecommerce Europe Eurocommerce European eCommerce and Omni-channel Trade Association (EMOTA) Merchant Risk Council (MRC0 Digital Europe
Please find below EPIF Q&A document that was submitted to the European Banking Authority asking for clarity on several PSD2 related issues.
EPIF has highly appreciated the constructive dialogue with the European Commission and the EBA during this process but nonetheless has some final remakrs on the revised draft. EPIF is of the view that card-based transactiobs should be exempt from the dynamic linking requirement. EPIF suggesting relacinx the requirements to keep the maximum transaction amount to EUR 50 [...]
EPIF generally agrees with the proposed Guidelines 1-6 but underlines the importance of the Home State Principle and its application to the complaints procedure for alleged infringements of the PSD2.
EPIFsupports the PSD2’s creation of a central EBA Register, which will serve as a one-stop-shop for consumers and businesses alike to access up-to-date information about the Payment Service Providers (PSPs) they interact with. From a Payment Institution’s (PI) perspective, EPIF is of the view that the Register should provide capabilities for real-time partner verifications through fast [...]
EPIF would welcome confirmation as to whether agents who are not acting on behalf of a PI in providing payment services. The CCP should be able to manage country level reporting to the regulator but it is not necessary for the CCP to conduct its own additional offsite or onsite audits or investigations. EPIF would welcome [...]