EPC Newsletter (issue 27): the latest developments expected to shape t...

EPC Newsletter (issue 27): the latest developments expected to shape the future of payments in 2015 and beyond.

24 July 15

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The latest edition of the Newsletter (see ‘related links’ below), published quarterly by the European Payments Council ( ), takes a closer look at latest developments expected to shape the future of payments in 2015 and beyond.

  • Following the Euro Retail Payments Board ( ) meeting of 29 June, the stands ready to continue its active contribution to the objectives and work of the especially in relation to instant payments. Javier Santamaría, Chair of the , outlines the topics discussed at the meeting and gives a brief overview of the next steps at level.
  • The final compromise text of the new Payment Services Directive ( ) was released on 2 June 2015. Maria Troullinou, of Clifford Chance LLP, looks at the key changes that it will introduce and how the text has evolved since the initial Commission proposal was published in the summer of 2013.
  • Liz Oakes, from KPMG, examines the details of the Digital Single Market Strategy and offers analysis around its potential impact.
  • EMVCo reports on its key priorities for the coming year and explains how its technical standardisation efforts reflect the needs of today’s and tomorrow’s global payments community.
  • Giorgio Ferrero, Executive Chairman of PRETA, and John Broxis, Managing Director of PRETA, describe the development and uptake of e-authorisation solutions, in the context of today’s regulatory and market evolutions such as the revised , Access to Account (XS2A) and application programming interfaces ( ).
  • Finally, in this edition, various contributors provide commentary around the issue of instant payments:
    • Pierre-Antoine Vacheron, Executive Vice-President and CFO of Ingenico Group, outlines his observations and conclusions on the future of instant payments in Europe.
    • Paul Alfing, Chair of the e-Payments Committee of Ecommerce Europe, describes the steps required to realise the dream of a truly interoperable payments landscape in Europe that provides a seamless payments experience for both customers and merchants.
    • Massimo Battistella, Deputy Chairman of the Italian Association of Corporate Treasurers (AITI) and Board Member of the European Association of Corporate Treasurers (EACT), outlines the corporate view on the rise of instant payments.
    • Anthony Richter, Chair of the ad hoc task force on instant payments, gives an overview of the highlights of the Report to the .

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