EPIF Position Paper on Access to Bank Services
EPIF is pleased to share its Position Paper on Access to Bank Services. This position paper identifies the various issues and concens of PIs in terms of accessing bank services.
The Paypers (Volume 7, Issue 4)
The Paypers published on 4th May 2014 (Volume 7, Issue 4) its monthly paper focusing on updates related to SEPA. The paper discusses three main points: Regarding the ECB Secure Pay Recommendations for the Security of Internet Payments, more clarity is needed. It is also essential to take into consideration the lack of a level playing field and [...]
EPIF Position Paper on the PSD2
EPIF welcomes the publication of the proposal for a Payment Services Directive 2 (PSD 2). EPIF is hereby identifying some key issues that need to be addressed in order to improve the current proposal. This includes, amongst other topics, the passporting regime, the use of agents, the access to bank services for payment institutions, safeguarding [...]
Key Business Drivers and Opportunities in Cross-Border eCommerce
PayVision prepared a report in 2013 on cross-border eCommerce. This was the result of a global survey conducted in 2013 which included acquirers, merchant service providers, payment service providers and online merchants. The objective of the global survey was to identify and quantify the business drivers and challenges which stakeholders face across the online payment [...]
EPIF views on key developments on the 4th AML Directive
EPIF is glad to share its views on two main issues currently discussed at Council level with regards to the review of the 3rd Anti-Money Laundering Directive: i) the introduction of CDD requirements for transfer of funds exceeding 1,000 EUR and ii) the possible re-introduction of an optional exemption for electronic money products from CDD [...]
EPIF position paper on Payment Initiation Service
EPIF is glad to share its views on the topic of third parties accessing payment accounts to effect payments on behalf of European consumers (also called Payment Initiation Services) as well as to make four recommendations in respect of Payment Initiation Services (“PIS”). Thanks to their safety, convenience and economic efficiency, we expect PIS to [...]
Digital Identity service providers – Connecting the fragmented e-identity market
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 position on the proposed 4th Anti-Money Laundering Directive
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 Position on the review of the PSD and the follow up to the Green Paper on innovative payments
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.
Study on the Impact of Directive 2007/64/EC on payment services in the Internal Market and on the application of regulation (EC) no 924/2009 on cross-border payments in the community
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 [...]