Insights

Insight

06 June 18

SEPA Instant Credit Transfer adoption: an overview of ABN AMRO

ABN AMRO, one of the largest banks in the Netherlands, was an early adopter of the SEPA Instant Credit Transfer (SCT Inst) scheme. We interviewed Sandra Peute, Business Developer for SEPA Payments at ABN AMRO, about the scheme’s rollout, its challenges, and the future of instant payments.  Q....

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Insight

09 May 18

Changing the reality of payments: Standardised Proxy Lookup service

Instant payment solutions like the recently launched SEPA Instant Credit Transfer scheme (SCT Inst) are emerging around Europe. Although the big drivers include mobile person-to-person (P2P) payments, most of the existing P2P solutions are domestic and do not allow cross-border payments. The Mobile Proxy...

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Insight

26 April 18

Consumer Financial Services Action Plan: payment-related actions

* The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. A key priority of the Juncker Commission is building a deeper and fairer Single Market, which allows people, services, goods and capital to move freely in an economy...

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Insight

11 April 18

Is Germany’s payment landscape changing?

* The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. Germany has a fascinating and ever-changing payment landscape. This Western European country is not only a cash country but also a big fan of direct debits. So what is...

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Insight

14 March 18

Digital Payments and Cybersecurity: trends, risks and solutions

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. In the new era of digital payments, where technologies are constantly changing and evolving, there are numerous cybersecurity challenges to take into account. Christoph...

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Insight

27 February 18

Early adopters of SEPA Instant Credit Transfer: the case of SIA

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. The EPC’s SEPA Instant Credit Transfer (SCT Inst) scheme was created in close collaboration with stakeholders from across the payment chain and officially launched in November...

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Insight

14 February 18

What the GDPR will concretely change for payment service providers

While the European payment industry is currently trying to assess how the revised Payment Services Directive (PSD2) will concretely impact each party’s business and operational model, another critical piece of European legislation will apply in May and necessitates immediate actions from payment service...

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Insight

01 February 18

Rethinking digital identity

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. Identity is in crisis. Massive cyberbreaches and identity frauds are daily news. Users experience endless frustration with countless passwords and registration procedures....

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Insight

18 January 18

The Slovak payment landscape

We continue our series of European payment landscapes with a profile of Slovakia. This Eastern-European eurozone country has a binary cashless payment system using mostly cards and credit transfers. We interviewed Roman Hains, Slovak EPC Board Member, to learn more about the payment specifics of his...

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Insight

06 December 17

The European Commission's final RTS: some issues remain unclear

The European Commission published the long awaited final Regulatory Technical Standards (RTS) on strong customer authentication (SCA) and common and secure open standards of communication, on 27 November 2017. These RTS, initially drafted by the European Banking Authority (EBA), are instrumental in the...

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Insight

03 October 17

The Danish payment landscape: When instant becomes the new normal

With more than a month to go before the SEPA Instant Credit Transfer (SCT Inst) scheme is live, we were eager to hear the lessons learnt by one of Europe’s frontrunners in instant payments, Denmark. We interviewed Kristian Ring from Finance Denmark, and he explained the reasons for card payments’ (including...

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Insight

21 September 17

Greece’s progress towards a ‘less cash’ society

While the average number of card transactions per capita and per year in the European Union (EU) is 90, it is only 50 in Greece, which places the country among the Member States most attached to cash. However, due to both government demands to reduce cash use in the country, and to the growing appetite...

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Insight

12 September 17

Update on UK Open Banking

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. In July the Open Banking Implementation Entity released specifications for the ‘Read/Write’ payment initiation and account information Application Programming Interfaces...

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Insight

03 August 17

Blockchain: Applications in payments

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. In recent years, blockchain technology has significantly gained popularity because it has the potential to process financial transactions in ‘real time’ without compromising...

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