EPIF Position on the Consultation on draft Guidelines on the sound management of third-party risk
EPIF submitted its response to the EBA’s public consultation on its Draft Guidelines on third-party risk management with regard to non-ICT related services. While EPIF welcomes the EBA’s objective to enhance supervisory transparency and convergence for non‑ICT third‑party arrangements, we recommend four refinements to improve proportionality and efficiency for both supervisors and in-scope entities: • [...]
EPIF Position on the Digital Euro
As the legislative discussions progress, we believe it is vital that this project supports innovation, competition and consumer choice. For this purposes, it is fundamental to enable the participation of non-bank payment service providers (PSPs) in the digital euro framework. In this paper, we address key issues for the non-bank sector, such as the importance [...]
Updated Joint Statement on MITs under the PSR
EPIF is now very happy to share with you that HOTREC – Hotels, Restaurants, Bars & Cafés in Europe also supports, together with the American Chamber of Commerce to the European Union (AmCham EU), CCIA Europe, Ecommerce Europe, Electronic Money Association, eu travel tech, EuroCommerce, MRC | Merchant Risk Council, European FinTech Association (EFA), EPSM [...]
Joint Statement on MITs under the PSR
In coordination with the AmCham, CCIA, Ecommerce Europe, ema, eu travel tech, EuroCommerce, MRC, EFA, EPSM, European VOD Coalition, Payments Europe, EDPIA, EPIF has shared with key policymakers of the European Commission, the European Parliament and the Council a Joint Statement on the treatment of Merchant Initiated Transactions under the Payment Services Regulation. The European [...]
Joint Letter on DORA ICT national registers
EPIF in coordination with the EACB and the ESBG has shared with EBA a Joint Letter on DORA (the Digital Operational Resilience Act). DORA entered into force in January this year. This letter highlights industry’s concerns on what information ICT should or should not include in the national registers of ICT providers for the [...]
EPIF comments to EBA on Public Consultation on RTS on AMLA mandates
EPIF recently submitted its response to the EBA’s public consultation on the draft Regulatory Technical Standards (RTS) on new AMLA mandates. With over 300 direct and indirect members representing the non-bank payments sector, we have provided constructive input on how to ensure proportional, risk-based, and practical anti-money laundering rules. Here are a few key takeaways [...]