Digital identity service providers are an evolutionary expansion of the e-identity ecosystem. The goal of this report is to identify the risks in e-identity and find balanced solutions. More particularly, the report focuses on an analysis of the following points: Trusting the electronic identity; Identifying the internet challenges on the identification process; The fragmentation that [...]
EPIF welcomes the publication of proposals for the 4 th Anti-Money Laundering Directive (4AMLD). AML rules need to be calibrated to reflect the reality of PI’s operating models. EPIF would like to take the opportunity to identify some key areas that EPIF believes the 4AMLD should seek to address but currently does not. This includes, [...]
EPIF is glad to share its high-level views on the review of the PSD and the follow-up to the Green Paper on payment innovation. EPIF is addressing below several issues of concern resulting from both instruments.
The study on the Payment Services Directive (PSD) and the Cross-Border Payments Regulation focuses on examining the effects of the fees and charges for cross-border payments. The study covers pricing to a large extent and also the scope of the PSD and Cross-Border Payments Regulation and the impact on innovation. The study starts by looking [...]
The remittance sector helps transferring money around the world. This industry appears to be continuously growing according to this report and this sector is widely used for payment transactions in Australia. The report highlights the close collaboration between Australian banks and money transfer operators. The report analyzes the following issues: The functioning of the remittance [...]
The report on Universal Commerce is giving an overview of the transformation of consumer’s buying behavior in the eCommerce context. The report then highlights what the explanation of the universal commerce and illustrates the differences between online and offline experiences through various examples. The consumers perceptive and services necessary for the universal commerce are also [...]
Earlier this year, DMA consultants (Leon Isaacs and Sarah Hugo) were commissioned by HTSPE and Eurotrends to produce and deliver the report: ‘EU Remittances to Developing Countries, Remaining Barriers, Challenges and Recommendations’. Having spoken with over 100 contributors to the remittances and development agenda and visited a number of countries throughout the EU and Africa, [...]
In collaboration with the Merchant Risk Council, E-Commerce Europe and Innopay, EPIF presented its view on the Cross-border Business Transactions. The paper presents the key barriers and opportunities for the cross-border transactions, as well as the solutions for online payments.
EPIF welcomes that the European Supervisory Authorities (ESA) have recently started to provide specific guidance to the financial industry regarding the supervisory, passporting and reporting regime applicable to Payment Institutions (PI) and their agent network. The new supervisory protocol (the ‘Protocol’) provides helpful clarifications, in particular from an Anti-Money Laundering and Counter-Terrorism Financing (AML/CFT) perspective. [...]
The Briefing on Migration and Developments produced by the Migration and Remittance Unit of the Word Bank presents the officially recorded remittance flows to developing countries for 2010. Furthermore the briefing highlights the growth rate of remittances by geographical area as well as the expected Remittance flows to developing countries and on a worldwide basis.