Payments

Promoted content
Economy & Jobs 09-04-2020

The interchange fee regulation in an evolving European payments markets: what is the way forward?

The European Commission has started assessing the impact and consequences of the Interchange Fee Regulation (IFR) on the payments market. While we welcome the Commission’s initiative, we have several reasons to believe that an assessment of the impact of IFR at this stage is premature.
Economy & Jobs 07-09-2017

GDPR: A challenge for the financial services industry

The brave new world of data presents many challenges for the financial services industry and regulators alike. But if the right approach to regulating technological change is taken, Europe will continue to be a globally leading centre in the future, writes James Kemp.
Euro & Finance 29-07-2014

Consumers are being fleeced by card currency conversion charges

The Commission's proposed regulation on payment services will legitimize dynamic currency conversion (DCC), a practice where consumers are charged a hefty mark-up to pay bills on card in their own currency, writes Eric Grover.
Brexit 24-09-2010

SEPA: Smart, Easy – Perfectly Adequate!

Establishing a Single Euro Payments Area (SEPA) for non-cash bulk transfers, which would cut costs for European companies and bring greater transparency for consumers, is easy and logical, write Meta Zähres and Sophie Ahlswede from Deutsche Bank (DB) Research.
Brexit 25-03-2009

The pitfalls of the Payment Services Directive

The EU's Payment Services Directive (PSD) is in danger of "creating a legislative labyrinth," warns Professor Maria Chiara Malaguti in a recent paper for the European Credit Research Institute (ECRI).
Euro & Finance 27-06-2007

Towards harmonised European payment systems

Following the recent adoption of the Payment Service Directive (PSD) by the European Parliament, Nicola Jentzsch, Pauli Lepistö and Marc Rothemund, from the Centre for European Policy Studies (CEPS) in Brussels, underline the importance of this legislation for the efficient functioning of financial services and the creation of a level playing field for competitors in the market.
Euro & Finance 18-09-2001

Euro payment transactions: EU regulation on charges threatens to distort competition (9 August 2001)

  The European Commission has plans for legislation that would drastically reduce charges for cross-border payment operations within the EU. According to its proposal for a regulation, charges for cross-border payment transactions up to EUR 50,000 are generally to be...
Euro & Finance 27-08-2001

Euro payment transactions: EU regulation on charges threatens to distort competition

Abstract The European Commission has plans for legislation that would drastically reduce charges for cross-border payment operations within the EU. According to its proposal for a regulation, charges for cross-border payment transactions up to EUR 50,000 are generally to be...