Publications and events

Last week, the Members of European Parliament voted on the Commission proposals for a multilateral interchange fee (MIF) regulation and for the revision of the Payment Services Directive (PSD). The votes were cast at the end of the Parliamentary term and consolidate the position of the European Parliament. …

EU parliament votes on multilateral interchange fee regulation and payment services directiveRead More »

Pierre Petit, deputy director general (payments and market infrastructure) of the European Central Bank, has outlined the ECB’s  views on European retail payments. He made his remarks at the EPCA Summit 2014, where he defined the role of the European Retail Payments Board (ERPB) and the follow-up on the SecurePay recommendations on access to payment accounts.

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ECB outlines way forward for European retail paymentsRead More »

Earlier this year, the Wolfsberg Group, a group of the largest international financial institutions, published its Guidance on Mobile and Internet Payment Services. The aim of the paper is to assist financial institutions in their risk assessments for the wide range of companies that offer mobile and internet payment services.

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Wolfsberg Group Guidance on Mobile and Internet Payment ServicesRead More »

A week ago, the New America Foundation organised a meeting on the topic of virtual currencies and regulation in New York. During the meeting, a speech was given by Benjamin M. Lawsky, Superintendent of Financial Services, New York State Department of Financial Services (DFS). He outlined the current thinking on the envisaged bitlicense for virtual currencies in New York.

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New York supervisor speech on bitlicense for virtual currenciesRead More »

Last week, the European central bank published the assessment guide for the security of Internet payments. The guide contains a list of the assessment questions that assists payment service providers with the implementation of the European requirements for the security of Internet payments. Payment Service Providers must demonstrate their compliance with these requirements by January 2015.

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ECB publishes assessment guide for the security of Internet paymentsRead More »

Yesterday the European parliament formally approved the European Commission proposal that allows Payment Service Providers six more months in which they may process payment transactions in euros in non-SEPA-formats. The regulation will apply retroactively from 31 January 2014.

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European parliament votes for extended SEPA migration periodRead More »