Consultations

The European Central Bank (ECB) is consulting on standards to increase the security of internet payments in the European Union. It has drafted recommendations that developed by the European Forum on the Security of Retail Payments, SecuRe Pay. This Forum of regulators and supervisors was set up in 2011 as a voluntary cooperative initiative between authorities.

The report outlines security recommendations and best practices such as the principle of strong authentication.  …

ECB Consultation on security of internet payments (deadline: June 20, 2012)Read More »

In January 2012, the EU Commission started a consultation on the Green Paper – Towards an integrated European market for card, internet and mobile payments. The purpose is to collect information from all interested stakeholders on the existing situation of the card, internet and mobile payments market and the potential hurdles for integration at European level in these markets.

The consultation includes 32 questions to the stakeholders, which cover areas such as:

• regulation of the multilateral interchange fee for four  party card schemes
• card scheme rules on cross-border acquiring, co-badging, surcharging and scheme-governance,
• standardisation, interoperability and security requirements for payments,
• governance of the SEPA-activities in Europa.

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EC Consultation: Green paper on EU market for card, internet and mobile payments (deadline April 11, 2012)Read More »