314 results
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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News

05 December 17

A summary of the November ERPB meeting

The Euro Retail Payments Board (ERPB – a high-level body chaired by the European Central Bank and gathering the supply and demand sides of European retail payments) held its latest meeting on 29 November. Several of the hottest payment topics of the moment were discussed at this meeting. The EPC...

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News

21 November 17

Instant credit transfers are now a reality in eight European countries

The SEPA Instant Credit Transfer (SCT Inst) scheme created by the European Payments Council is operational. As of today, nearly 600 payment service providers (PSPs) from eight European countries are offering instant payment solutions based on SCT Inst.  Transferring money in less than ten seconds 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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Insight

04 July 17

Creating an integrated European market for Payment Initiation Services

The revised Payment Services Directive (PSD2) was adopted with payment innovation and safety to the fore. One of its purposes is to regulate at the European Union (EU) level practices and players currently unregulated in the EU. Among other things, PSD2 regulates the role of Payment Initiation Services...

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Insight

22 June 17

The Spanish payment landscape: innovation gains on tradition

Even if cash is still king in Spain, representing an estimated 80 percent of the total number of retail transactions, innovative methods of payment are advancing in the country. Spain is a frontrunner for instant and Person-to-Person (P2P) mobile payments. Another electronic instrument, SEPA Direct Debit...

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