Mediaroom RSS feed http://www.paymentinstitutions.eu Mediaroom Sun, 25 Jun 2017 14:08:21 GMT en-en Blockchain Panel http://www.paymentinstitutions.eu/mediaroom/57/45/Blockchain-Panel http://www.paymentinstitutions.eu/mediaroom/57/45/Blockchain-Panel Tue, 15 Mar 2016 00:00:00 GMT EPIFis deligted to be hosting a panel on Blockchain on 15th March in Brussels

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EPIF views on the PSD2 draft text ahead of trilogue negotiations http://www.paymentinstitutions.eu/mediaroom/51/45/EPIF-views-on-the-PSD2-draft-text-ahead-of-trilogue-negotiations http://www.paymentinstitutions.eu/mediaroom/51/45/EPIF-views-on-the-PSD2-draft-text-ahead-of-trilogue-negotiations Fri, 30 Jan 2015 00:00:00 GMT The European Payment Institutions Federation has written a letter to express its views on the draft text of the Payment Services Directive 2 to coincide with the beginning of the trilogue negotiations amongst policy makers.

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PSD2 letter co-signed by EPIF http://www.paymentinstitutions.eu/mediaroom/42/45/PSD2-letter-co-signed-by-EPIF http://www.paymentinstitutions.eu/mediaroom/42/45/PSD2-letter-co-signed-by-EPIF Wed, 28 Jan 2015 00:00:00 GMT The European Payment Institutions Federation has collaborated with the European Digital Media Association, the Electronic Money Association, the Computer and Communications Industry Association and Ecommerce Europe, to jointly promote their concerns on the direction taken in the review of the Payment Services Directive(“PSD2”) in the EU Council’s proposals,  addressed to the PSD2 Rapporteur, European Parliament Vice Presiden Antonio Tajani.

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Euro Retail Payments Board first meeting http://www.paymentinstitutions.eu/mediaroom/39/45/Euro-Retail-Payments-Board-first-meeting http://www.paymentinstitutions.eu/mediaroom/39/45/Euro-Retail-Payments-Board-first-meeting Mon, 19 May 2014 00:00:00 GMT The European Payment Institutions Federation representing the voice of Payment Insitutions accross Europe participated at the first Euro Retail Payments Board (ERPB) meeting held on 16th May 2014. EPIF enaged to an active participation in the various Working Groups who would be formed. 

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EPIF position paper on Access to Bank Services http://www.paymentinstitutions.eu/mediaroom/38/45/EPIF-position-paper-on-Access-to-Bank-Services http://www.paymentinstitutions.eu/mediaroom/38/45/EPIF-position-paper-on-Access-to-Bank-Services Wed, 21 May 2014 00:00:00 GMT The European Payment Institutions Federation 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.

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EPIF Position Paper on the PSD2 http://www.paymentinstitutions.eu/mediaroom/35/45/EPIF-Position-Paper-on-the-PSD2 http://www.paymentinstitutions.eu/mediaroom/35/45/EPIF-Position-Paper-on-the-PSD2 Wed, 16 Apr 2014 00:00:00 GMT 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 of merchant funds and surcharging.

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EPIF Position Paper on the Interchange Fee Regulation http://www.paymentinstitutions.eu/mediaroom/34/45/EPIF-Position-Paper-on-the-Interchange-Fee-Regulation http://www.paymentinstitutions.eu/mediaroom/34/45/EPIF-Position-Paper-on-the-Interchange-Fee-Regulation Wed, 16 Apr 2014 00:00:00 GMT

The European Payment Institutions Federation is pleased to share its views on the draft Interchange Fees Regulation. In its paper, EPIF articulates how a number of the central proposals in the draft Regulation would impact small market players and what this would mean for competition and consumer choice in the payments sector.

 
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EPIF views on key developments on the 4th AML Directive http://www.paymentinstitutions.eu/mediaroom/33/45/EPIF-views-on-key-developments-on-the-4th-AML-Directive http://www.paymentinstitutions.eu/mediaroom/33/45/EPIF-views-on-key-developments-on-the-4th-AML-Directive Mon, 28 Oct 2013 00:00:00 GMT 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 requirements if certain thresholds are observed. 

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EPIF position paper on Payment Initiation Service http://www.paymentinstitutions.eu/mediaroom/32/45/EPIF-position-paper-on-Payment-Initiation-Service http://www.paymentinstitutions.eu/mediaroom/32/45/EPIF-position-paper-on-Payment-Initiation-Service Mon, 29 Jul 2013 00:00:00 GMT 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 bring significant benefits to European consumers and contribute to the integration of the European payments market. In order for this to happen, consumer interests need to be safe-guarded and it needs to be ensured that third-party providers and bank-sponsored providers of PIS compete on a level playing field.

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EPIF position on the proposed 4th Anti-Money Laundering Directive http://www.paymentinstitutions.eu/mediaroom/29/45/EPIF-position-on-the-proposed-4th-Anti-Money-Laundering-Directive http://www.paymentinstitutions.eu/mediaroom/29/45/EPIF-position-on-the-proposed-4th-Anti-Money-Laundering-Directive Wed, 08 May 2013 00:00:00 GMT 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,  amongst  other  things,  the  legislative  method applied  (minimum  harmonisation  as  opposed  to  maximum  harmonization),  risk  based  approach, customer due diligence measures, approach towards non face to face (online) transactions and data protection issues.

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EPIF Position on the review of the PSD and the follow up to the Green Paper on innovative payments http://www.paymentinstitutions.eu/mediaroom/28/45/EPIF-Position-on-the-review-of-the-PSD-and-the-follow-up-to-the-Green-Paper-on-innovative-payments http://www.paymentinstitutions.eu/mediaroom/28/45/EPIF-Position-on-the-review-of-the-PSD-and-the-follow-up-to-the-Green-Paper-on-innovative-payments Wed, 08 May 2013 00:00:00 GMT 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.

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EPIF position on the proposed General Data Protection Regulation http://www.paymentinstitutions.eu/mediaroom/27/45/EPIF-position-on-the-proposed-General-Data-Protection-Regulation http://www.paymentinstitutions.eu/mediaroom/27/45/EPIF-position-on-the-proposed-General-Data-Protection-Regulation Wed, 08 May 2013 00:00:00 GMT EPIF  welcomes  the  European  Commission’s  proposal  for  greater  harmonisation  of  the  EU data protection regime within the internal market with regard to the processing of EU personal data. With this position paper, EPIF seeks to address the concerns it has identified in the draft Regulation.

A number of provisions lead in their current form to legal uncertainty as they seem to be in conflict  with  the  requirements  under  applicable  Anti-Money  Laundering  and  Counter-Terrorism Financing  rules  (AML/CFT). Also,  some  provisions  significantly  increase  of  costs  and bureaucracy  for  companies

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EPIF position Paper on the European Supervisory Agencies AML Supervisory Protocol http://www.paymentinstitutions.eu/mediaroom/26/45/EPIF-position-Paper-on-the-European-Supervisory-Agencies-AML-Supervisory-Protocol http://www.paymentinstitutions.eu/mediaroom/26/45/EPIF-position-Paper-on-the-European-Supervisory-Agencies-AML-Supervisory-Protocol Mon, 01 Oct 2012 00:00:00 GMT 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.  On  the  other  hand,  the Protocol contains various proposals which are a matter of concern to EPIF due to their unnecessary restrictive nature and potential severe impact on the business models of non-bank remittance service providers in Europe.

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EPIF position on the review of the 3rd Anti-Money Laundering Directive http://www.paymentinstitutions.eu/mediaroom/23/45/EPIF-position-on-the-review-of-the-3rd-Anti-Money-Laundering-Directive http://www.paymentinstitutions.eu/mediaroom/23/45/EPIF-position-on-the-review-of-the-3rd-Anti-Money-Laundering-Directive Sun, 01 Apr 2012 00:00:00 GMT The European Payment Institutions Federation (EPIF) welcomes and encourages the private stakeholder consultation that is currently taking place concerning a review of the 3rd Anti-Money Laundering (AML) Directive.

Payment Institutions' (PI) compliance with anti-money laundering and counter terrorist financing obligations is a prerequisite for their authorisation under the Payment Services Directive (PSD). The current anti-money laundering framework was, however, established prior to the opening of the payment institutions market and subsequently is arguably not catered to the needs of their various business models.

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EPIF position on the European Commission Staff Paper on Anti-Money Laundering Supervision http://www.paymentinstitutions.eu/mediaroom/22/45/EPIF-position-on-the-European-Commission-Staff-Paper-on-Anti-Money-Laundering-Supervision http://www.paymentinstitutions.eu/mediaroom/22/45/EPIF-position-on-the-European-Commission-Staff-Paper-on-Anti-Money-Laundering-Supervision Sun, 01 Apr 2012 00:00:00 GMT EPIF published a position on the Commission Staff  Working Paper on AML Supervision Of, and Reporting By, Payment Institutions in Various Cross-Border Situations.

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EPIF delegation participates to a Regulatory panel at the EPCA Payments Summit 2013 http://www.paymentinstitutions.eu/mediaroom/14/45/EPIF-delegation-participates-to-a-Regulatory-panel-at-the-EPCA-Payments-Summit-2013 http://www.paymentinstitutions.eu/mediaroom/14/45/EPIF-delegation-participates-to-a-Regulatory-panel-at-the-EPCA-Payments-Summit-2013 Mon, 13 May 2013 00:00:00 GMT On 21st March 2013, EPIF (European Payment Institutions Federation) starred a panel on Payment Institutions at the EPCA (European Payments Consulting Association) Payment Summit, which is a key conference for the European payments industry. This event provides plenty of opportunities to catch up on the latest ideas from payment experts and leaders, to exchange ideas, to attend innovative and educational presentations, and to brainstorm on what the future will look like.

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The Commission published its anticipated Application Report on the 3rd AML Directive http://ec.europa.eu/internal_market/company/docs/financial-crime/20120411_report_en.pdf http://ec.europa.eu/internal_market/company/docs/financial-crime/20120411_report_en.pdf Wed, 18 Apr 2012 00:00:00 GMT On the 11th of April, the Commission published its anticipated Application Report on the 3rd AML Directive, which provides feedback on the Commission’s review process and considers possible needs for changes.

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The European Commission is organizing a public conference on their Green Paper http://ec.europa.eu/internal_market/payments/cim/index_en.htm http://ec.europa.eu/internal_market/payments/cim/index_en.htm Wed, 18 Apr 2012 00:00:00 GMT Towards an integrated European market for card, internet and mobile payments to be held on 4th May in Brussels.

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