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 AFME and Insurance Europe regarding the cybersecurity certification scheme for cloud services (EUCS). In this joint statement we welcome the improvements made in the latest version of the draft EUCS scheme. With the removal of most sovereignty requirements, the latest draft will introduce [...]
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 the joint statement on duplication in the Cyber Resilience Act co-signed by EPIF together with the associations AFME, EBF, EPIF, ESBG and EACB regarding the duplication between the Cyber Resilience Act (CRA) and DORA. With this statement the co-signatories aim to draw your attention to the the overlap [...]
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, together with other EU Associations, continues to call on co-legislators to re-consider the proposed rules for exempting certain low-value, low-risk e-money products from the requirements under the AML Regulation. Both consumers and retailers greatly benefit from the current e-money exemption under the 5th AML Directive which should thus be maintained in the AMLR. In [...]
EPIF is delighted to share with you the joint statement on EUCS co-signed by EPIF together with AFME, EBF, EPIF, ESBG and Insurance Europe regarding the cybersecurity certification scheme for cloud services (EUCS). The ongoing process of developing a cybersecurity certification scheme for cloud services (EUCS) has been raising serious concerns amongst the EU financial services [...]
EPIF is delighted to share with you its position paper on the Financial Data Access proposal. We very much welcome the European Commission’s ambition to create a new market-driven, scheme-based framework that leverages a data-driven economy and promotes innovation and competition across the financial sector. In the payments space, the Open Banking provisions have led [...]
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 [...]